Gate.io vs Crypto.com | Who Has Best Trading & Fees?
Jack Moreau
Feb 2024
9 min read
Fact checked
Gate.io vs Crypto.com: Curious about which exchange is better for your crypto trading needs? We've compared both exchanges across a variety of metrics including product offering, supported coins and tokens, trading fees, deposit methods, and more. Read on to find out which exchange is the best fit for you!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Gate.io is a cryptocurrency exchange established in 2013 and has a global presence with a workforce of over 350 employees.
The exchange is available in 184 countries and offers a range of services such as spot trading, margin trading, futures, and options trading.
The platform supports an extensive range of over 1000 cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, along with various trading pairs.
Gate.io has over 12 million users around the world, with the majority being based in Europe and Asia.
The platform has been downloaded over 1 million times on Android and IOS, and the app has a solid rating of 4.4 stars with over 40,000 reviews.
Crypto.com, on the other hand, was founded in 2016 in Singapore and has over 4000 employees. It is available in 180 countries.
This includes countries like the United States, Canada and the UK and offers services such as spot and margin trading, staking, lending, wallet services, and much more.
The platform is known for its user-friendly interface, competitive trading fees, and attractive promotions. It also offers the Crypto.com Visa Card, which allows users to spend their crypto holdings and earn rewards.
Crypto.com has an impressive 80 million users worldwide with a footprint spanning North America, Europe, and Asia. The exchange is available on Android and IOS and has over 10 million downloads and a stellar 4.6 star rating based on over 400,000 reviews.
Gate.io vs Crypto.com Signup & KYC
Opening an account on Gate.io is quick and easy. All you need to do is provide your email address and choose a password.
Before users can begin trading on Gate.io they will need to provide information regarding KYC. This involves providing personal information and a government-issued ID.
The verification process usually takes a few minutes to complete for users and Gate.io will then normally verify users within a few hours.
And once an account has been verified on Gate.io, users can deposit cryptocurrencies or buy cryptocurrencies with card and begin trading.
Similar to Gate.io, Crypto.com also requires KYC verification for all trading and other services. However, the signup process is very quick and only requires an email and password.
Once you've signed up, you'll need to provide your full legal name and a picture of a government-issued ID to complete the KYC process.
Verification can then be completed by the Crypto.com team in a few minutes up to a few hours. So either way, whether you choose to signup with Gate.io or Crypto.com, users will need to complete KYC in order to trade.
Gate.io vs Crypto.com Products & Services
Gate.io is a long-standing player in the cryptocurrency market that has consistently evolved by introducing a diverse range of products that cater to beginners and seasoned traders.
Historically, its spot trading feature which offers access to over 1700 cryptocurrencies has been the major draw.
The platform stands out for its proactive approach in listing hard-to-find altcoins, making it an attractive destination for those seeking the next big things.
In addition to spot trading, Gate.io provides margin trading with up to 10X leverage across hundreds of cryptocurrencies.
For those preferring to avoid traditional margin trading's risks, Gate.io offers ETF leveraged tokens which allow for 5X leverage while eliminating the risk of liquidation, while incurring a 0.1% daily fee.
Gate.io also caters to futures traders, offering the ability to trade hundreds of perpetual contracts with up to 125X leverage in both isolated and cross margin modes. Options traders aren't left out either, with European-style Vanilla Options available for BTC, ETH, and DOGE.
Recognizing the needs of beginners, Gate.io features copy trading thus enabling newcomers to replicate the strategies of experienced traders.
Additionally, the platform offers trading bots with various strategies like spot and futures grid, infinity and margin grid, martingale, and rebalancing, among others, for automated trading.
In terms of trading volumes, Gate.io ranks impressively in the top 3 for 24-hour spot trading, boasting nearly $8 billion in volumes, and in the top 30 for derivatives with $3 billion.
Beyond trading, Gate.io's earn section provides various yield-earning opportunities. Products like lend & earn, hodl & earn, dual investments, and staking enable users to earn interest on their digital assets.
The hodl & earn option allows locking assets like BTC, ETH, USDT to earn attractive APRs with various lockup periods. Additionally, ETH staking is available with up to 4.4% rewards APR.
For those looking to integrate their digital and real-world finances, Gate.io offers a Visa card, providing up to 1% cashback on expenses.
Embracing the Web 3.0 revolution, Gate.io has also launched its own non-custodial Web 3 Wallet, supporting 29 blockchains, including Bitcoin, Ethereum, Solana, and others.
On the other hand, Crypto.com has carved out a significant niche for itself as one of the largest and most popular cryptocurrency exchanges, particularly in the US and Europe.
To cater to this diverse audience, Crypto.com offers a pretty good range of products, even though it falls short of matching Gate.io.
At the core of Crypto.com’s offerings is spot trading where KYC registered users can buy and sell a selection of over 290 well-known cryptocurrencies.
For users who are interested in leveraging their trades, Crypto.com provides margin trading which enables traders to take long or short positions on a variety of cryptocurrencies with up to 5X leverage.
Crypto.com has also expanded its services to cater to more advanced traders through the introduction of derivatives trading. This includes over 100 perpetual and quarterly futures, with the possibility of leveraging up to 20X.
For those that wish to automate their trading, Crypto.com offers three types of bots: grid, DCA (Dollar-Cost Averaging), and TWAP (Time-Weighted Average Price).
While Crypto.com's trading volumes is not as high as many of the leading exchanges, its ranking in the top 30 with $1 billion in 24-hour spot and derivatives volumes.
Beyond trading, Crypto.com also offers financial products such as earn and staking programs on over 20 digital assets, including popular choices like BTC, ETH, ADA, DOT, SOL, ATOM, and USDT.
And while Crypto.com does provide staking rewards, users will find more lucrative rewards by staking their assets directly on the respective blockchains.
For enthusiasts of NFTs and digital collectibles, Crypto.com provides an extensive selection of collections including popular ones like Bored Apes and Pudgy Penguins.
These collections are available on various blockchains, including Ethereum, Polygon, Solana, and Cronos Chain, offering a diverse range of options for NFT aficionados.
In addition, Crypto.com has developed its own non-custodial wallet which available in multiple formats, including a desktop wallet, a browser extension, and a mobile app.
For high-net-worth individuals and institutional clients, Crypto.com offers a dedicated OTC (Over-The-Counter) section. Here, orders ranging from a minimum of $50,000 to a maximum of $5,000,000 can be placed with competitive rates.
One thing that immediately jumps out when comparing these two exchanges is their fee structures.
On Gate.io, spot maker and taker fees are set at 0.20%. Meanwhile, futures maker fees are set at 0.02% while futures taker fees are 0.05%.
These fees can be lowered for traders who exceed the $60,000 monthly trade volume threshold or who hold enough GT tokens.
On the other hand, Crypto.com charges spot maker fees of 0.075% and spot taker fees of 0.075%. Futures maker fees are set at 0.017%, while futures taker fees are 0.034%.
These fees can also be lowered for traders who exceed the $250,000 monthly trade volume threshold or who hold at least 1000 CRO tokens.
While both exchanges offer fee discounts for higher volume traders, it's clear that Crypto.com's fees are generally much lower across the board.
Of course, the best exchange for you may depend on other factors beyond trading fees, such as the range of cryptocurrencies on offer or the quality of the user experience. But when it comes to fees alone, Crypto.com is the more cost-effective option.
When it comes to deposit methods, Gate.io and Crypto.com are quite different. Gate.io only accepts cryptocurrency deposits, so if you're looking to deposit fiat currency, you'll need to look elsewhere.
On the other hand, Crypto.com only supports USD deposits via wire transfer, which may be limiting for some users.
If you're using Gate.io, you can buy cryptocurrency instantly with a credit or debit card via MoonPay, Banxa, Advacash, or Simplex. However, the fees for using these services can be quite high, ranging from 2-5% per transaction.
On the other hand, Crypto.com offers free deposits via wire transfer or USD bank transfer. While this may be limited to just one fiat currency, it's a great option for users looking to deposit USD without incurring any fees.
In summary, if you're looking to deposit fiat currency (USD), Crypto.com offers this option while Gate.io only accepts cryptocurrency deposits.
Gate.io and Crypto.com are two popular cryptocurrency exchanges that offer different withdrawal methods to their users.
While Gate.io doesn't support fiat currency withdrawals, Crypto.com only allows USD withdrawals via bank transfer.
Gate.io users can withdraw their cryptocurrencies with a 0.001 BTC withdrawal fee, 0.0019 ETH withdrawal fee, 0.003 SOL withdrawal fee, and 3 USDT withdrawal fee.
Gate.io and Crypto.com have different policies when it comes to fiat withdrawals. Gate.io doesn't support fiat withdrawals while Crypto.com only allows USD withdrawals via bank transfer. Crypto.com users can enjoy zero fees for USD bank withdrawals.
And as for cryptocurrency withdrawals, Crypto.com users can withdraw their cryptocurrencies with a 0.0001 BTC withdrawal fee, 0.04 ETH withdrawal fee, 0.03 SOL withdrawal fee, and 10 USDT withdrawal fee.
When comparing Gate.io and Crypto.com, there are several factors to consider such as range of services, user experience, fees and more.
Both exchanges are well-established in the market but Gate.io does offer a wider range of products and services than Crypto.com.
This includes a wide range of cryptocurrencies, more perpetual contracts, higher leverage, copy trading and in general higher trading volumes for both spot and futures trading.
Crypto.com on the other hand has grown a larger use base and is more regulated with licenses approved across multiple markets across North America and Europe.
When it comes to signing up and completing KYC verification, both Crypto.com and Gate.io offer a quick and easy signup process and KYC is required by both exchanges.
In terms of deposit methods, Gate.io only accepts cryptocurrency deposits, while Crypto.com only supports USD deposits via wire transfer.
Ultimately, the best exchange for an individual will depend on their specific needs and preferences.
Users in the United States and Canada will only be able to signup to Crypto.com as Gate.io is not available in these regions.
For users across almost every other country, Gate.io is accessible and does offer as mentioned a wider range of cryptocurrencies and products.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.