Bybit is one of the top exchanges in the world. It is an exchange that has users all over the world and is expected to grow in the future. On the other hand, Gate.io has become a cryptocurrency exchange that has successfully expanded globally and is used by many users. Which is better when choosing a virtual currency exchange?
What is Bybit?
Bybit is a cryptocurrency exchange based in Dubai. There are many users and they are distributed all over the world. You can check the company profile etc. in the following article. You can also check the license acquisition status.
What is Gate.io?
Gate.io has an overwhelmingly large number of stocks handled among the world’s virtual currency exchanges. It is a popular virtual currency exchange with a large number of users all over the world, with over 1000 trading issues and the ability to invest in unknown coins.
word of mouth and reputation
Bybit’s platform is highly rated. Whether it’s features or speed, it gets pretty high marks. Futures trading is rated for those who are familiar with derivatives and their specifications.
Region, country and distribution of registered users
The distribution below is taken from a site called Traders Union. Traders Union is a website founded in 2010 that introduces reviews and reviews of cryptocurrency and forex sites. Bybit has the most users in Japan. America will be next. Bybit is well known in East Asia and North America, and is used by many users. In addition, there are many users in South America.
Source : TradersUnion
Gate.io’s largest users will be in the United States. However, users are also distributed in Asia, Africa, and even the Middle East, and it can be said that it is an exchange that has succeeded in global expansion.
Source : TradersUnion
Bybit VS Gate.io
|Company||Bybit Fintech Limited||GMO Coin Co., Ltd.|
|Promotion||Account Open Bonus $5|
Deposit bonus $30,000 USDT
BTC Deposit Bonus $5
Refer a friend campaign 30%
USDC Festival in Spring
|25% off transaction fee|
Q & A campaign $1500
Creator Rewards Program
Beginner task campaign
|Live Chat Support||〇||〇|
|Withdraw Merthod||Crypto||Bank Transfer|
|Deposit Method||Bank Transfer|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot, Futures|
Handling virtual currency
Gate.io is completely more in terms of the number of virtual currencies handled. In the case of Bybit, there are only 150 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. Gate.io, on the other hand, is even higher at 125x leverage.
Bybit is easier to use in terms of trading tools. This is because it supports MT4. MT4 is a popular tool for traders around the world. Gate.io uses original trading tools.
Bybit is clearly better in terms of promotions and bonuses. Bybit also conducts campaigns irregularly, so there are many events throughout the year. Gate.io also has quite a lot of bonuses and campaigns as well, so you can choose either one.
Bybit is clearly cheaper for both taker and maker fees. Japanese virtual currency exchanges will have slightly higher fees.
In principle, Gate.io only allows spot trading and leverage trading, but Bybit recently started handling NFTs, so there are a wide variety of stocks.
Recommended by Bybit
If you want to take full advantage of promotions and bonuses, Bybit is definitely recommended. You can open a Bybit account from the following article. Please refer to the instructions on how to open an account.