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, LBANK will also become one of the world’s most famous cryptocurrency exchanges. 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 |
| Headquarter | Cayman Islands |
| Founding year | 2013 |
| Number of Users | Over 10 million |
| Number of Cryptocurrencies | 1730 |
| Loss Cut | 100% |
| Max Levarage | 100 |
| Min Deposit | 0.0001BTC~ |
| Trading Fee | Free |
| Bonus | 〇 |
| Security | two-factor authentication cold wallet multi signal |
| URL | Home |
What is LBANK?
LBANK is a Hong Kong-based cryptocurrency exchange founded in 2015. It operates in more than 200 countries, and its main users are from the Middle East to North Africa. LBank has a uniform transaction fee of 0.1% when buying and selling virtual currency, and it is very popular because it can be traded with a smartphone application.
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
LBANK has a large number of users, mainly from the Middle East to Africa. As an exception, it is known for having many core users in India, Bangladesh, and even the United States.
Source : TradersUnion
Gate.io VS LBANK
| Gate.io | LBANK | |
| Established | 2013 | 2015 |
| Headquarter | Cayman Island | Hong Kong |
| Coins | 1730 | 487 |
| Max Leverage | 100 | ‐ |
| Finance License | 〇 | 〇 |
| Min Deposit | 0.0001 BTC | $1 |
| Account currency | Crypto | USD CNY Crypto |
| Account Type | Classic Portrait Demo | Standard |
| Original Token | GT | – |
| Mobile App Trading | 〇 | 〇 |
| Web Trading | 〇 | 〇 |
| Affiliate program | 〇 | 〇 |
| Deposit Method | Bank Transfer Credit/Debit Card P2P Crypto | Bank Transfer Credit/Debit Card Crypto |
| Withdrawal Method | Crypto | Crypto |
| Maker Fee | 0.00～0.015% | 0.10% |
| Taker Fee | 0.02～0.05% | 0.10% |
| Support | Live Chat Ticket | Live Chat |
| NTF Marketprice | 〇 | 〇 |
| P2P Trading | 〇 | × |
| Spot Trading | 〇 | 〇 |
| Future Trading | 〇 | × |
| Staking | 〇 | 〇 |
| Copy Trading | 〇 | 〇 |
| ETF | 〇 | 〇 |
| Bonus | 〇 | × |
Over 10 million users
Gate.io has over 10 million users, making it a well-known and popular cryptocurrency exchange. LBANK is a Chinese virtual currency exchange, but there are few Chinese people, mainly foreigners, and the number of users is not so large.
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. LBANK 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. LBANK has limited leverage.
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. LBANK has only around 500 brands, 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. LBANK also has an NFT marketplace.
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.
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