Gate.io will be one of the world’s most famous exchanges with a large number of users. It has users all over the world and over 10 million traders are active every day. On the other hand, Bithumb will also become one of the most famous cryptocurrency exchanges in the world. So which exchange is better?
What is Gate.io?
Gate.io is a cryptocurrency exchange founded in 2013. Gate.io has recently obtained a financial license. In 2022, we obtained a financial license in the United States, and in 2023, we also have an office in Hong Kong and obtained a Hong Kong financial license.
|Company Name||Gate Technology.inc|
|Number of Users||Over 10 million|
|Number of Cryptocurrencies||1730|
What is Bithumb?
Bithumb is a South Korean cryptocurrency exchange founded in 2013 and one of the most famous exchanges in South Korea. With over 170 cryptocurrencies listed, it boasts one of the highest trading volumes in the world. But most active users are Korean.
Gate.io reputation and reviews
The following article introduces reviews of Gate.io. The following article is a quote from TradersUnion, a site that reviews FX companies and virtual currency exchanges. Gate.io is highly rated by users, and it is a major feature that there are not many users who are dissatisfied. The ease of use of the trading platform and the comfort of trading are the reasons for its high evaluation.
Distribution of registered users
Gate.io’s main users are Americans. However, users are distributed all over the world, and we know that there are many core users in Venezuela, Japan, Turkey, and even South Korea and India. There are also many users in the Middle East and Africa.
Source : TradersUnion
Bithumb’s main users are Koreans. There are also users in Turkey, the United States, India, and Saudi Arabia, but the main ones are clearly Koreans.
Source : TradersUnion
Gate.io VS Bithumb
|Min Deposit||0.0001 BTC||$1|
|Mobile App Trading||〇||〇|
|Deposit Method||Bank Transfer|
|Withdrawal Method||Crypto||Bank Transfer|
Over 10 million users
Gate.io has over 10 million users, making it a well-known and popular cryptocurrency exchange. Bitthumb doesn’t have that many users.
have a demo account
Gate.io has a demo account, so you can start with practice first. Especially if you are a beginner, it may be scary to start trading from the real thing, so we recommend using a demo account. Bitthumb does not have a demo account.
Leverage up to 100x or more
Gate.io has a maximum leverage of 100x or more, making it possible to trade with considerable high leverage. For virtual currency, the leverage of 100 times will be quite high. Bitthumb does not have leveraged trading.
so many coins
Gate.io’s greatest strength is that it handles the largest number of coins in the world. The number of coins exceeds 1700, which is overwhelming among exchanges around the world. By investing in unknown coins, it is also possible to aim for a large profit. Bitthumb has only around 100 stocks, so there is also an unsatisfactory aspect.
different trading styles
Gate.io’s strength is not only spot trading, but also futures trading, grid trading, copy trading, and even NFT marketplace, so there are quite a lot of investment products. Gate.io is the only exchange that is as complete as this. Bitthumb is mainly for spot trading.
Open an account for free
Gate.io allows you to open an account for free. If you just open an account, you can open it immediately if you have an email address or phone number, so if you are interested, we recommend opening an account. I will introduce it in the article below, so I hope you can refer to it.