Gate.io vs Bybit: Comparing Features & Benefits !?

Gate.io vs. Bybit: Comparative Table

Feature	Gate.io	Bybit
Foundation Year	2013	2018
Founder	Han Lin	Ben Zhou
Supported Coins	1400+	300+
Leverage	Up to 100x	Up to 100x
Trading Volume	Moderate	High
Deposit Methods	Crypto, Fiat (via third parties)	Crypto
Spot Trading Fees	0.2%	0.1%
Futures Trading Fees	Maker: 0.02%, Taker: 0.055%	Maker: 0.02%, Taker: 0.055%
Security	Hacked in 2018; improved since	No reported hacks
KYC	Required for withdrawals and higher limits	Not mandatory for basic trading
NFT Marketplace	Yes	Yes
Staking	Yes	Yes
Mobile App	Yes (iOS & Android)	Yes (iOS & Android)
Sign up Bonus	–	🔥 Get up to $5020 Sign up Bonus

Gate.io vs. Bybit: Products and Services

When comparing Gate.io and Bybit, you’ll find a range of products and services tailored to different types of cryptocurrency traders. Both exchanges strive to provide comprehensive solutions, yet there are distinct differences.

• Futures Trading

Bybit: Known for its robust futures trading platform, Bybit offers perpetual contracts. It’s favored for its high liquidity and advanced trading features, supporting leverage up to 100x.

Gate.io: While offering futures trading, Gate.io provides a variety of contracts, including USDT-margined futures. The platform supports leverage but may not match Bybit regarding liquidity and interface sophistication.

• Spot Trading

Bybit: Bybit’s spot trading services cover a range of popular cryptocurrencies. The seamless user experience makes it accessible to beginners and experienced traders.

Gate.io: Gate.io excels in spot trading. With over 500 supported cryptocurrencies, it surpasses Bybit in variety, attracting users interested in trading a wide array of digital assets.

• Options Trading

Bybit: Bybit recently launched options trading, offering a growing selection of contracts. This feature is still expanding but shows promise with its intuitive user interface.

Gate.io: Options trading on Gate.io is less prominent. The platform focuses more on futures and spot trading, leaving options trading to more specialized exchanges.

• Leveraged Tokens

Bybit: Bybit provides leveraged tokens, allowing you to trade with leverage without the complexities of margin trading. This product is designed for those who want to capitalize on market opportunities with managed risk.

Gate.io: Gate.io also offers leveraged tokens, but their selection and market presence in this segment is not as extensive as Bybit’s.

• NFT Marketplace

Bybit: Bybit’s NFT marketplace is relatively new but growing, offering a selection of digital collectibles and art. The user-friendly interface makes it accessible for NFT enthusiasts.

Gate.io: Gate.io offers a more established NFT marketplace with a broader selection. It attracts various artists and collectors, making it a strong competitor.

• Staking

Bybit: Staking on Bybit is straightforward, with competitive returns on a selection of cryptocurrencies. The platform’s DeFi services are expanding, providing more options for passive income.

Gate.io: Gate.io shines in staking, offering various options with attractive yields. Its diverse staking products make it a favored choice for earning passive income.

 

Gate.io vs. Bybit: Contract Types

Gate.io and Bybit offer various contract types for crypto traders, each with features and benefits.

Bybit Contract Types

• Inverse Perpetual Contracts: These use cryptocurrency (like BTC) for margin and settlement. It’s ideal if you prefer holding crypto rather than fiat.
• Linear Perpetual Contracts: Settled in USDT, providing more straightforward calculation and less volatility risk.
• Inverse Futures Contracts: Fixed expiry dates with settlement in cryptocurrencies. Useful for hedging purposes.
• Options: While not as comprehensive as some other exchanges, Bybit offers options trading for those looking to leverage future price movements.

Gate.io Contract Types

• Inverse Perpetual Contracts: Similar to Bybit, these use crypto for margin and settlement, appealing to long-term crypto holders.
• Linear Perpetual Contracts: Settled in USD-pegged stablecoins like USDT, reducing conversion complexities.
• Inverse Futures Contracts: These have fixed terms and are settled in cryptocurrencies, making them suitable for long-term strategies.
• COIN-M Futures: Contracts settled in the underlying crypto asset. Requires careful risk management due to price volatility.
• USD-M Futures: Contracts settled in USDT, providing stability and less exposure to market swings.
• Options: Gate.io offers a broader range of possibilities than Bybit, providing advanced trading opportunities for seasoned traders.

Contract Type	Bybit	Gate.io
Inverse Perpetual	Yes	Yes
Linear Perpetual	Yes	Yes
Inverse Futures	Yes	Yes
COIN-M Futures	No	Yes
USD-M Futures	No	Yes
Options	Yes	Yes (More)

Both Bybit and Gate.io offer a robust selection of contract types.

Bybit provides a straightforward approach, focusing on core perpetual and futures contracts.

Gate.io, on the other hand, offers an extended range of future COIN-M and USD-M options, catering to traders looking for more diversified options.

 

Gate.io vs Bybit: Supported Cryptocurrencies

When evaluating Gate.io and Bybit on supported cryptocurrencies, you’ll find notable differences that can impact your trading experience.

Gate.io supports an extensive range of over 1,700 cryptocurrencies for trading. This vast selection includes popular coins such as Bitcoin, Ethereum, and Ripple, alongside numerous altcoins and tokens.

 

Bybit, in contrast, primarily focuses on significant cryptocurrencies and futures trading. It supports around 300 cryptocurrencies, making it more limited compared to Gate.io.

 

Number of Supported Cryptocurrencies:

Platform	Number of Cryptocurrencies
Gate.io	1,700+
Bybit	~300

Both platforms offer a robust set of options for futures and leverage trading.

On Gate.io, you can trade futures on various pairs, including BTC/USDT, ETH/USDT, and XRP/USDT.

Bybit also offers substantial futures in the trading market. Popular pairs include BTC/USDT, ETH/USDT, and LTC/USDT.

Popular Futures Trading Pairs:

Platform	Popular Pairs
Gate.io	BTC/USDT, ETH/USDT, XRP/USDT
Bybit	BTC/USDT, ETH/USDT, LTC/USDT

 

Gate.io vs Bybit: Leverage and Margin Trading

Both Gate.io and Bybit offer leverage and margin trading, allowing you to amplify your positions and potential returns.

Maximum Leverage

• Bybit: Up to 100x leverage for certain derivatives.
• Gate.io: Up to 10x leverage for margin trading.

Margin Requirements

• Bybit: Requires a specific margin depending on the asset and leverage. Higher leverage means a lower initial margin but higher risks.
• Gate.io: Margin requirements are more conservative due to the lower leverage offered.

Liquidation Risks

• Bybit: Higher leverage increases the risk of liquidation. Bybit uses an insurance fund and auto-deleveraging to manage positions.
• Gate.io: Lower leverage reduces the likelihood of quick liquidation but does not eliminate the risk. Gate.io also has mechanisms in place to manage unfair liquidations.

Funding Rates

• Bybit: Implements funding rates for perpetual contracts, adjusted every 8 hours to balance the market. Rates vary based on market conditions.
• Gate.io: Offers similar funding mechanisms for futures, but rates and intervals can differ from Bybit’s structure.

Additional Features

• Bybit: Provides advanced tools like take profit/stop loss features and other risk management options.
• Gate.io: Focuses on spot trading but offers diverse altcoin access alongside margin trading options.

Exploring both exchanges can provide valuable insights into which platform aligns best with your trading strategies and risk tolerance.

 

Gate.io vs. Bybit: Trading Volume

Gate.io and Bybit are prominent players in the cryptocurrency exchange market, attracting significant daily trading volumes.

Understanding their trading volumes provides insight into their trading efficiency, execution speed, and potential slippage for traders.

Bybit consistently records higher daily trading volumes compared to Gate.io.

For example, Bybit has a reported 30-day volume of approximately $25.77 billion, while Gate.io’s 30-day volume is around $1.31 billion.

Exchange	30-Day Trading Volume
Bybit	$25.77 billion
Gate.io	$1.31 billion

Higher trading volumes on Bybit generally indicate better liquidity.

This means you can execute large trades with minimal price impact.

Efficient trade execution reduces the risk of slippage, where the executed price differs from the expected price due to market fluctuations.

Gate.io, despite having a lower trading volume, Gate.io offers a wide range of over 1700 available cryptocurrencies for trading.

This extensive selection can attract diverse traders, though lower trading volumes may lead to higher slippage, especially for less popular tokens.

Read More: What Is Bitcoin Carry Trade?

Both exchanges maintain their liquidity rankings based on user feedback and statistical metrics like bid-ask spread data and order book depth. Bybit’s higher volume makes it more favorable for traders seeking quick and efficient trade execution.

When choosing between Gate.io and Bybit, consider how trading volume impacts your trading strategy and risk tolerance. Higher volume at Bybit offers more stability, while Gate.io’s diverse offerings cater to specific trading preferences.

 

Gate.io vs Bybit: Futures Trading Fees and Rewards

Bybit and Gate.io offer futures trading with distinct fee structures and reward systems that impact your trading profitability and incentives.

Bybit Futures Trading Fees:

• Maker Fee: 0.02%
• Taker Fee: 0.055%

For example, if you execute a $10,000 maker trade, your fee would be $2. For a taker trade of the same amount, the cost would be $5.50.

Gate.io Futures Trading Fees:

• Maker Fee: 0.015%
• Taker Fee: 0.05%

For a $10,000 maker trade on Gate.io, you’d pay $1.50. For a taker trade, the fee would be $5.

Both platforms frequently offer various incentives.

Bybit often runs trading competitions and gives bonuses for sign-ups and deposits. Gate.io provides a VIP membership that reduces fees based on your trading volume and the GateToken (GT) balance.

Deposit and Withdrawal Fees

Bybit:

• Deposit Fees: Free
• Withdrawal Fees: Varies; for Bitcoin, it is 0.0005 BTC

Gate.io:

• Deposit Fees: Free
• Withdrawal Fees: Varies; typically, slightly higher than Bybit. For example, the Bitcoin withdrawal fee is 0.001 BTC.

Using the rewards and fee structures effectively can enhance your trading experience. Bybit’s lower futures trading fees can make it more attractive to frequent traders.

Gate.io’s VIP membership may appeal to high-volume traders who can leverage fee discounts. Both exchanges offer unique perks that can help minimize costs and maximize rewards.

 

Gate.io vs Bybit: Deposits & Withdrawal Options

Gate.io:

Gate.io offers a broad range of account funding methods. You can use bank transfers, credit/debit cards, and cryptocurrencies. This flexibility makes it easier to deposit and withdraw funds.

• Funding Methods: Bank transfers, credit/debit cards, cryptocurrencies.
• Currencies: Several fiat currencies and a wide range of cryptocurrencies.
• Processing Times: Typically, 1-2 business days for bank transfers. Crypto deposits are usually quicker.
• Minimum/Maximum Amounts: Varies by method, with bank transfers often having higher minimums.

Bybit:

Bybit provides several options for deposits and withdrawals as well. You can deposit funds using cryptocurrencies, and recently, support for some fiat currencies has also been added.

• Funding Methods: Cryptocurrencies, select fiat currencies via third-party services.
• Currencies: Mainly cryptocurrencies with limited fiat options.
• Processing Times: Crypto deposits are almost instantaneous. Fiat transactions may take longer depending on the third-party service used.
• Minimum/Maximum Amounts: Generally, low minimums for crypto vary with fiat depending on the third-party provider.

Comparison:

When comparing these platforms, Gate.io offers more diverse funding methods, including fiat and cryptocurrency options. Bybit focuses more on crypto but gradually integrates fiat options through partnerships with third-party services.

• Speed: Crypto transactions are fast on both platforms. Bank transfers on Gate.io and fiat via Bybit’s third-party services might take longer.
• Convenience: Gate.io’s variety of methods is more convenient for users in both fiat and cryptocurrency.
• Cost: Transaction fees vary, but crypto withdrawals generally incur network fees, which are standard on both platforms.

Your choice between Gate.io and Bybit may depend on your preferred funding method and whether you prioritize fiat or cryptocurrency transactions.

 

Gate.io vs Bybit: Native Token Usage

Gate.io and Bybit have native tokens serving unique purposes within their ecosystems.

Gate.io’s Native Token (GT):

• Usage: The Gate Token (GT) offers several benefits for users on the Gate.io platform.
• Fee Reduction: By holding GT, you can activate up to a 25% discount on trading fees.
• Other Utilities: GT can be used in various platform activities, including voting on project listings and participating in Gate.io’s exclusive campaigns or promotions.

Bybit’s Native Token (BIT):

• Usage: The BitDAO Token (BIT) is central to the Bybit ecosystem.
• Fee Reduction: Similar to Gate.io, holding BIT can lower trading fees.
• Staking and Rewards: BIT can be staked for additional rewards, offering another avenue for potential income.

Comparison Table:

Feature	Gate.io (GT)	Bybit (BIT)
Fee Discount	Up to 25%	Reduces trading fees
Other Benefits	Voting, campaigns, promotions	Staking, additional rewards

Using these tokens wisely can significantly enhance your trading experience. They provide direct monetary benefits through fee reductions and add value through exclusive features and opportunities on their respective platforms.

 

Gate.io vs Bybit: KYC Requirements & KYC Limits

When comparing Gate.io and Bybit, knowing the KYC (Know Your Customer) requirements and limits is crucial.

Gate.io requires completing a KYC verification process before depositing or withdrawing funds. To complete this, you must submit a government-issued ID and a selfie.

For Gate.io, the KYC process can be broken down as follows:

• Level 1: Basic verification, submission of ID, and selfie.
• Level 2: Advanced verification for higher limits, potentially requiring additional documents.

Without completing KYC, you cannot deposit or withdraw funds on Gate.io, affecting the platform’s accessibility but potentially increasing security and compliance.

Bybit also has KYC requirements, but they are more flexible than Gate.io. Bybit allows some essential trading functions without KYC, though limits apply. Full verification involves:

• Level 1: Submission of ID and facial verification.
• Level 2: Additional identity verification for higher limits.

Bybit’s KYC levels impact your trading and withdrawal limits:

• Unverified: Limited access and lower withdrawal limits.
• Verified Level 1: Higher withdrawal limits and access to more features.
• Fully Verified: Maximum withdrawal limits and full feature access.

The approach of each platform balances privacy, security, and accessibility differently.

Gate.io emphasizes security and regulatory compliance with mandatory KYC. Bybit offers more initial flexibility, making it more accessible to users who might prioritize privacy or convenience.

Documentation and Procedures

For both exchanges, the documentation required includes:

• A government-issued ID (e.g., passport, driver’s license).
• A selfie or facial verification.
• Potential additional documents for higher levels of verification.

Criteria	Gate.io	Bybit
Mandatory KYC	Yes	No (basic usage)
Primary Documents	Government ID, Selfie	Government ID, Selfie
Verification Levels	2 Levels	3 Levels
Limits Pre-Verification	No deposit/withdrawal is allowed	Limited functions
Limits Post-Verification	Higher, based on the verification level	Higher, based on level

Understanding these differences can help you better decide which platform suits your trading needs and privacy preferences.

 

Gate.io vs. Bybit: User Experience

When comparing the user experience of Gate.io and Bybit, several factors exist, including platform interfaces, ease of use, speed, design, and functionality.

 

Web Interface:

• Bybit: Known for its clean, intuitive design. The interface is smooth and user-friendly, making navigation straightforward. Pages load quickly, reducing waiting times.
• Gate.io: Offers a robust platform with comprehensive features. However, it may appear cluttered to new users, making navigation slightly challenging. Check out this Gate.io futures trading tutorial to learn more about the exchange.

 

Mobile Apps:

• Bybit: The mobile app is streamlined and mirrors the web interface’s user-friendly design. It is responsive, with quick load times and easy access to trading features.
• Gate.io: The mobile app is feature-rich but can be overwhelming for new users. Some users report occasional lagging issues.

Ease of Use:

• Bybit: Simplifies trading with a focus on user experience. The minimalist design aids easy navigation even for beginners.
• Gate.io: While powerful, the platform can be complex due to its extensive feature set. Beginners might find it harder to navigate initially.

Speed:

• Bybit: High-performance execution with fast trade processing. Users generally experience minimal delays.
• Gate.io: Offers robust performance but may not match Bybit’s speed consistently. Some users experience delays during peak times.

Design:

• Bybit: Emphasizes a modern, clean aesthetic that creates a pleasant user experience.
• Gate.io: Functional design but can feel busy. The emphasis is on offering a range of features in a single view.

Functionality:

• Bybit: Focuses on core trading functionalities like futures and margin trading. It also provides educational resources to assist users.
• Gate.io: Extensive features, including spot trading, margin trading, futures, staking, and lending. It can cater to advanced traders looking for diverse options.

Gate.io and Bybit offer unique strengths in terms of user experience. Your preference may depend on whether you prioritize simplicity and speed or a wide array of features.

 

Gate.io vs. Bybit: Order Types

When comparing Gate.io and Bybit, the variety of order types available plays a crucial role in enabling you to execute trades effectively and manage your risks.

Market Orders

• Both Gate.io and Bybit support market orders. These allow you to buy or sell immediately at the best available price. This order type is ideal for quick executions.

Limit Orders

• Gate.io and Bybit also offer limited orders. With limit orders, you can set a specific price you are willing to buy or sell. This feature helps you control the price points for your trades.

Stop Orders

• Stop orders are available on both platforms. A stop order becomes a market order once a specified price is reached. This is useful for mitigating losses.

Conditional Orders

• Bybit includes conditional orders triggered only if certain conditions are met. This adds an extra layer of strategy to your trading.

Post-Only Orders

• Bybit supports post-only orders. These ensure your order is added to the order book and not filled immediately. This helps you avoid paying taker fees.

Reduce-Only Orders

• Bybit offers reduced-only orders. These orders ensure that they only reduce your existing positions. This prevents unintended increases in your position size.

Other Order Types

• Both exchanges provide various advanced order types to assist you in trading. For instance, Gate.io offers Iceberg orders, which divide large orders into smaller visible ones to minimize market impact.

 

Gate.io vs Bybit: Security Measures & Reliability

Bybit employs several robust security measures.

These include bank-grade security mechanisms such as biometric logins, address allowlisting, and mandatory KYC (Know Your Customer). Bybit’s infrastructure is designed to protect users’ funds and data effectively.

Gate.io also prioritizes security. Founded in 2013, the exchange relies on a range of protection features.

Two-factor authentication (2FA), cold storage, and regular audits are some of the main components. The platform doesn’t mandate KYC, appealing to privacy-focused users.

Prior Security Incidents

Bybit has maintained a strong security track record, though it is essential to stay vigilant and regularly update security protocols.

Gate.io faced a significant hacking incident in 2019, affecting a portion of user funds. The platform recovered most of the stolen funds through cooperation with other exchanges and heightened security measures afterward.

Comparing Key Security Features

Feature	Bybit	Gate.io
Biometric Login	Yes	No
Address Allowlisting	Yes	No
KYC	Mandatory	Optional
Two-factor authentication (2FA)	Yes	Yes
Cold Storage	Yes	Yes
Audits	Regular	Regular

While both exchanges demonstrate a commitment to security, their approaches and user requirements differ. Bybit’s mandatory KYC may offer extra peace of mind, whereas Gate.io’s optional KYC caters to users valuing privacy.

 

Gate.io vs. Bybit: Insurance Fund

When comparing the insurance funds of Gate.io and Bybit, it’s clear that both platforms prioritize protecting their users’ assets.

Bybit maintains a robust insurance fund to cover potential losses from hacks or system failures.

This fund aims to compensate in scenarios where users’ assets may be compromised, adding a layer of security for traders.

Gate.io also offers an insurance fund, although specific details regarding its scope and coverage are less frequently highlighted. Like Bybit, this fund is designed to mitigate risks and enhance user confidence in the platform’s safety measures.

While both exchanges offer insurance funds, Bybit’s coverage seems more prominently discussed and possibly more extensive.

This helps reassure users about the platform’s commitment to safeguarding assets.

Both platforms understand the importance of security in the volatile world of cryptocurrency trading and provide insurance funds to protect against unforeseen events.

Bybit’s insurance fund is notably robust, ensuring greater peace of mind for its users. Gate.io’s fund contributes to the platform’s security, although its coverage might be less detailed than Bybit’s.

 

Gate.io vs. Bybit: Customer Support

When comparing customer support, Gate.io offers multiple channels. You can contact us via email, live chat, and an extensive help center.

The help center is filled with FAQs, tutorials, and guides, which can be helpful for new traders. Their response times are typically prompt, ensuring your concerns are addressed swiftly.

Bybit also provides robust customer support. They offer 24/7 live chat and email support. Bybit users appreciate the responsiveness and professionalism of the support team.

For many, getting timely and effective support can be a deciding factor. Comparing the two, both exchanges put significant effort into handling customer queries efficiently.

Support Channels Comparison:

Feature	Gate.io	Bybit
Live Chat	Yes	Yes
Email Support	Yes	Yes
Help Center	Yes, with FAQs and guides	Yes, with articles and videos
Response Time	Generally prompt	Often immediate

Gate.io’s comprehensive help center can benefit those who prefer self-service options. By contrast, Bybit’s 24/7 live chat might appeal to users who value instant responses.

Regarding user ratings, both platforms receive positive feedback for their support services. However, Bybit tends to be noted for slightly faster responses during peak times.

 

Gate.io vs. Bybit: Regulatory Compliance

When examining the regulatory compliance of Gate.io and Bybit, you’ll find distinct differences in their approaches.

Bybit has acquired licensing in multiple countries.

This includes countries with stringent financial regulatory requirements, which shows its commitment to maintaining compliance standards.

The process often involves adhering to local laws, undergoing audits, and obtaining necessary certifications.

In contrast, Gate.io, established in 2013, has faced challenges, including a notable hack in 2018.

Despite this, Gate.io has been enhancing its security and regulatory standings. Their focus has been on improving transparency and ensuring adherence to regulations.

Regulatory Compliance Features:

Feature	Bybit	Gate.io
Licensing	Multiple countries	Efforts to enhance regulatory compliance
Audits	Regular audits by third parties	Increasing transparency measures
Certifications	Various financial certifications	Continual improvements post-2018 hack

Regulatory compliance is crucial for both exchanges to gain user trust and ensure secure trading environments. While Bybit is more proactive with multiple licenses and regular audits, Gate.io focuses on overcoming past challenges.

 

Conclusion

Choosing between Bybit and Gate.io depends on your specific trading and investment needs.

Bybit suits active traders looking for a robust platform. It offers advanced trading options, including derivatives trading and leverage. With a clean security record and a vast user base, Bybit is ideal if you prioritize security and trading volume.

Gate.io may be more suitable if you seek a broader selection of cryptocurrencies. Supporting over 1,700 cryptocurrencies, Gate.io covers a vast range of altcoins. This platform also emphasizes transparency and safety.

Key Differences:

• Bybit: Advanced trading tools, robust security, large user base
• Gate.io: Extensive cryptocurrency selection, transparent operations

Consider your priorities—trading tools and security with Bybit or cryptocurrency variety with Gate.io.

Compare Gate.io and Bybit with other significant exchanges

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