CoinGate is a gateway cryptocurrency payment service founded in 2014 in Vilnius, Lithuania. The service can be used by merchants in order to make payments in cryptocurrency. CoinGate provides an opportunity to accept payments in around 50 cryptocurrencies with a flat 1% fee. Apart from cryptocurrencies CoinGate accepts EUR and USD so the customers that feel uncomfortable paying in crypto (or those who simply have no crypto) can pay with fiat money. Bank transfers, phone credits, and paying with debit or credit cards are also possible via CoinGate. Moreover, the platform can be used to sell cryptocurrency. In this review, we will observe the main features of this platform and will try to figure out if CoinGate is a scam and is it safe to use it. |
| Launched |
|---|
2014 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
ProBit is the centralized crypto exchange. The accurate location of ProBit Global's headquarters is in Vilnius, Lithuania. It was founded in 2018. The exchange can be accessed via a web browser, via an Android-based or full iOS app. ProBit is a relatively successful platform. It is one of the 100 crypto exchanges with the highest liquidity; however, only several trading pairs have somewhat good liquidity. If you decide to trade on ProBit, you should be prepared for spreads. |
| Launched |
|---|
2018 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
CoinGate is a gateway cryptocurrency payment service founded in 2014 in Vilnius, Lithuania. The service can be used by merchants in order to make payments in cryptocurrency. CoinGate provides an opportunity to accept payments in around 50 cryptocurrencies with a flat 1% fee. Apart from cryptocurrencies CoinGate accepts EUR and USD so the customers that feel uncomfortable paying in crypto (or those who simply have no crypto) can pay with fiat money. Bank transfers, phone credits, and paying with debit or credit cards are also possible via CoinGate. Moreover, the platform can be used to sell cryptocurrency. In this review, we will observe the main features of this platform and will try to figure out if CoinGate is a scam and is it safe to use it. | ProBit is the centralized crypto exchange. The accurate location of ProBit Global's headquarters is in Vilnius, Lithuania. It was founded in 2018. The exchange can be accessed via a web browser, via an Android-based or full iOS app. ProBit is a relatively successful platform. It is one of the 100 crypto exchanges with the highest liquidity; however, only several trading pairs have somewhat good liquidity. If you decide to trade on ProBit, you should be prepared for spreads. |
| Launched | |
|---|---|
2014 | 2018 |
Website: | Website: |
| Deposits | |
Crypto, credit card | Crypto, credit card |
| Payouts | |
Crypto | Crypto |
| Security | |
2fa, ssl encryption | 2fa, ssl encryption |
| Verification | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIt's pretty simple to choose between the two platforms. Which exchange will protect your margins? Whatever type of trader you are – whether a high-frequency volume trader trying to beat maker-taker fees, or an investor needing cold storage – an exchange becomes your partner. We will explore how CoinGate fares against ProBit Exchange when it really matters.
Fees become the silent killer of any portfolio performance. Both exchanges utilize a tiered maker/taker fee model, which basically means you get lower fees for higher 30-day volumes. However, there are subtle differences – and the effect can be dramatic. Every additional 0.05% on taker fees will add up, cutting your profit margins.
Pay particular attention to fee discounts available for the native tokens issued by each exchange – sometimes these discounts can be quite generous.
Bitcoin and Ethereum can be found on every exchange. However, the competition between CoinGate and ProBit Exchange happens on altcoins territory. One company will actively push obscure coins for speculative gains, the other will focus on regulatory compliance and thorough listings process. This will result in two opposite approaches: a larger but riskier catalog of coins against a safer and stricter set of coins.
Liquidity is a crucial metric for both traders and investors alike. Lack of liquidity will cost you slippage – no need to pay additional fees if the market conditions won't allow you to execute your trades profitably. Luckily for both platforms, the most common trade sizes in standard retail instruments see enough trading volume and narrow spreads.
There is no place for anonymous trading anymore. Both exchanges require KYC verification, which will unlock the possibility of withdrawing larger amounts and using various advanced derivatives.
Nevertheless, the real issue here is geography rather than personal data – due to legal licensing requirements, one of the exchanges may be blocked in your region.
No one likes sitting on a passive portfolio. Nowadays, every cryptocurrency exchange serves as a bank. Various savings programs, staking, and dual investments can provide a significant yield for any portfolio holder. Advertised APY rates vary depending on market demand but check if you will lose money on withdrawal from locked coins if necessary.
Kyc varies |
Kyc varies |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn modern times, reputation is everything in crypto. When choosing between two options for your investment portfolio, pay close attention to the security track record. Do they publish regular proof of reserves? Do they keep most of the user funds in offline cold storage? If an exchange managed to overcome some kind of hack or incident before and compensate users – it's usually the better option.
It's difficult to find a truly universal "one fits all" approach to exchanges. In case of CoinGate vs ProBit Exchange comparison, the winning choice is quite clear – you should use whichever exchange offers more obscure altcoins you wish to trade. Or maybe you're getting discounted fees for your trading tier at ProBit Exchange? In any case, run the calculations yourself and choose the winner.
Cryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
