Saving time and effort when buying cryptocurrencies is a must for every crypto investor. Not everyone has the time or inclination to sign up with multiple exchanges, waiting days for verification, and then making separate deposits before they can conduct their desired purchases. You need somewhere that not only has a wide range of altcoins, but also makes it as easy as possible to trade them. That’s why so many people opt to buy their tokens or coins from a single exchange rather than fumbling around with several different ones. But which one is best? If you’re thinking of buying some new altcoins but aren’t sure which of these two exchanges is better suited to your needs, have no fear. In this article we’ll explain everything you need to know about Kucoin vs Gate.io – including which one you should choose if you’re just getting started in the world of cryptocurrency investing.
Gate.io Vs Kucoin
What is Kucoin?
Kucoin is a Hong Kong-based cryptocurrency exchange that lets you trade more than 100 different digital coins – including some of the biggest and most popular cryptocurrencies in the world like Bitcoin, Ethereum, Litecoin, and others. It’s a relatively new exchange (it launched in September 2017), but it’s already getting a lot of attention from investors because of its impressive trading volume. There’s no specific start date for when the exchange first began accepting new sign-ups. However, Kucoin has been growing in popularity over the past few months thanks to its competitive advantages over other cryptocurrency exchanges. What makes Kucoin so special compared to other exchanges is the fact that it uses a “graded” coin listing model. This is a process where the owners of the exchange use a system to rate and rank prospective new token listings. This helps to weed out bad actors and scam artists who try to take advantage of new investors. It also helps to promote small but promising cryptocurrencies that might not get listed on other exchanges. It appears that Kucoin’s “graded” coin listing model has paid off, as they’ve already become the 6th largest cryptocurrency exchange with a $1.2 billion daily trading volume.
What is Gate.io?
Gate.io is another popular cryptocurrency exchange that has been around since late 2017. It’s similar to Kucoin in the sense that it offers a wide variety of altcoins for trading. It also has a very clean and easy-to-use interface, which makes it a great choice for first-time investors. Gate.io stands out from the competition because it has a wide range of trading options. You can trade between a wide range of cryptocurrencies (including Bitcoin, Ethereum, and USDT) as well as between a wide range of fiat currencies (including USD, EUR, and CNY). Apart from being a great exchange for cryptocurrency trading, Gate.io is also one of the best places for hosting Initial Coin Offerings (ICOs). Like Kucoin, Gate.io is a newer exchange. It was launched in late 2017 and has quickly become one of the most popular exchanges for crypto trading. Gate.io has already proven to be a very reliable exchange. It’s been steadily increasing in popularity and trading volume since it was first launched. Gate.io has also stayed true to its initial promise of providing a secure, trustworthy, and transparent service to its users. Its reputation has remained untarnished since its launch, which makes it a great choice if you’re looking for a new place to trade cryptocurrencies.
Pros and cons of Kucoin
Pros – If you’re looking for a new exchange to buy cryptocurrencies from, Kucoin should be near the top of your list. It’s easy to use, has a wide range of altcoins to choose from, and has a reasonable fee structure for buying and selling cryptocurrencies. In addition, Kucoin has a tiered fee structure that lets you earn more as you invest more. If you hold Kucoin tokens in your account, you’ll also earn extra dividends from the trading fees generated by the exchange. Cons – While Kucoin is a great exchange, it’s important to remember that it’s not very beginner-friendly. This is partly because it has a wide range of altcoins to choose from and partly because it has a tiered fee structure that can be confusing for new users. This can be both good and bad: it’s good because it helps to keep scammers away and ensures that only serious traders use the exchange; it’s bad because it can be a bit confusing for new users who have never traded cryptocurrencies before.
Pros and cons of Gate.io
Pros – Gate.io is more beginner-friendly than Kucoin, which makes it a great choice if you’re just getting started in cryptocurrency trading. It has a simple and easy-to-use interface, and it also offers a select number of cryptocurrencies (it doesn’t have as many altcoins as Kucoin). In addition, Gate.io has no minimum deposit amount, which is great if you’re just getting started and want to test the waters with a small investment. Cons – The only major downside to Gate.io is the lack of altcoins that it offers. If you’re looking for a wide range of altcoins to choose from, you’re better off using Kucoin. Gate.io only has a select number of cryptocurrencies, so it’s best suited for people who want to invest in just a few different coins.
Which is Better for Beginners?
This comes down to which exchange you feel more comfortable using. Both exchanges are great and have clearly defined advantages over the other. If you’re just getting started in the world of cryptocurrency investing, we recommend using Gate.io. It’s more beginner-friendly than Kucoin, so you’re less likely to make a mistake that could cost you money. However, if you want to invest in a wide range of altcoins, you’ll be better off using Kucoin. You can also earn extra money by holding Kucoin tokens in your account and collecting the dividends that they earn from the trading fees generated by the exchange.
Which is Better for Advanced Traders?
This depends on what type of trading you’re doing. If you’re looking to invest in a specific altcoin and hold it for a long period of time, you’ll probably be better off using Gate.io. This is because it only offers a select number of altcoins and you’re less likely to be affected by the volatility of the market. If you’re planning on doing frequent trading of certain cryptocurrencies, then Kucoin is a better choice. It has a wide range of altcoins to choose from and its fees are very low. This means that you can make several trades per day if you want to.
Final Words: Which Exchange Should You Pick?
If you’ve read this far then you know that Kucoin and Gate.io are both great exchanges. They each have their own set of strengths and weaknesses, and which one is better for you comes down to your personal trading style. If you’re just getting started in the world of cryptocurrency trading, we recommend using Gate.io. It’s easier to use, has a lower barrier to entry, and is less likely to cause you to make costly mistakes. If you’re an advanced trader, on the other hand, you’ll be better off using Kucoin.