Compare Bitforex vs Gate.io
On this page, you can compare Bitforex with Gate.io. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Bitforex was founded in 2017 in Singapore. Gate.io was founded in 2013 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Gate.io. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Bitforex is Centralized and Gate.io is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. Gate.io has a mobile app available for iOS and Android.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. Gate.io has 13 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish and Thai.
| Company | ||
|---|---|---|
| User rating | 20 user reviews | 36 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 20 user reviews | 36 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
|
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
|
Founding Date
| 2017 | 2013 |
Country
| Singapore | USA |
Type
| Centralized | Centralized |
Languages
| English, Korean, Russian, Chinese | English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish, Thai |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Hong Kong (The exchange does not disclose the exact location of its office) | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 |
Fees
|
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
0.2% fee for trading. Tier Fee discount Trade Volume of BTC Equivalent VIP0 No < 6 BTC VIP1 5% Off ≥ 6 BTC VIP2 10% Off ≥ 12 BTC VIP3 15% Off ≥ 24 BTC VIP4 20% Off ≥ 50 BTC VIP5 25% Off ≥ 100 BTC VIP6 30% Off ≥ 300 BTC VIP7 35% Off ≥ 800 BTC VIP8 40% Off ≥ 2000 BTC VIP9 45% Off ≥ 5000 BTC VIP10 50% off ≥ 10000 BTC |
| About |
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
|
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2013 |
| Country | Country Singapore | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Russian, Chinese | Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish, Thai |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Hong Kong (The exchange does not disclose the exact location of its office) | Full address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 |
| Fees |
Fees
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
Fees
0.2% fee for trading. Tier Fee discount Trade Volume of BTC Equivalent VIP0 No < 6 BTC VIP1 5% Off ≥ 6 BTC VIP2 10% Off ≥ 12 BTC VIP3 15% Off ≥ 24 BTC VIP4 20% Off ≥ 50 BTC VIP5 25% Off ≥ 100 BTC VIP6 30% Off ≥ 300 BTC VIP7 35% Off ≥ 800 BTC VIP8 40% Off ≥ 2000 BTC VIP9 45% Off ≥ 5000 BTC VIP10 50% off ≥ 10000 BTC |
Trading
Bitforex trading volume is 780,602,851.0. The exchange has 291 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Gate.io trading volume is 61,555,210.0. The exchange has 395 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 780602851 | 61555210 |
Pairs
| 291 | 395 |
Coins
| 125 | 192 |
Fiat trading
| - |
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 780602851 | Volume 61555210 |
|---|---|---|
| Pairs | Pairs 291 | Pairs 395 |
| Coins | Coins 125 | Coins 192 |
| Fiat trading | Fiat trading - | Fiat trading |
| Deposit | Deposit Free | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| www.bitforex.com | www.gate.io |
| @bitforexcom | @gate_io |
Number of followers
| 26351 | 49787 |
| Website | Website www.bitforex.com | Website www.gate.io |
|---|---|---|
| Twitter @bitforexcom | Twitter @gate_io | |
| Number of followers | Number of followers 26351 | Number of followers 49787 |
Rating
| User rating | 20 user reviews | 36 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitforex user rating is 2.8, based on 20 user reviews. Gate.io user rating is 2.8, based on 36 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Bitforex with Gate.io. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Bitforex was founded in 2017 in Singapore. Gate.io was founded in 2013 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Gate.io. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Bitforex is Centralized and Gate.io is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. Gate.io has a mobile app available for iOS and Android.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. Gate.io has 13 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish and Thai.