![]() ![]() KYC-2(Advanced verification): Daily withdrawal limit: up to 2,000,000 USDT.KYC-1(Basic verification): Daily withdrawal limit: up to 100,000 USDT.And the limits for these KYC levels stand at: These are: KYC-1(Basic verification), KYC-2(Advanced verification), and KYC-3(Address verification). It is made mandatory by the exchange to complete user verification before allowing you to deposit, trade or withdraw funds. On the other side, Binance doesn’t offer you any exemption on KYC. But you would face issues while withdrawing funds with basic verification. ![]() When it comes to KYC requirements, Gate.io is a better option for those who don’t want to verify their account.Įven without verifying your account, you will be able to perform certain tasks like depositing funds and trading crypto. Try Binance Now Gate.io vs Binance: KYC Requirements & KYC Limits The exchange offers you zero trading fees for a wide range of trading fees. But for some, you might have to pay withdrawal fees. Talking about the withdrawal fee, it again depends on what withdrawal method you are selecting. But additionally, charges may occur depending on your deposit method selection.Īlso, on Binance, you have P2P trading, where you can enjoy free deposits and withdrawals by using your local payment methods. The fees stand at:įor Coin-M contracts, you don’t get any BNB discount. You also get to see a similar tiered fee structure for USD-M and Coin-M perpetual contracts. You get 25% off on trading fees when you pay using BNB. The basic level trading fee stands at without discount: So the more you trade, the less you have to pay as the maker and taker fee. Instead, it follows a tiered fee structure. On Binance, you don’t have any zero trading fee scheme. But you may be subjected to transaction costs depending on your deposit payment method selection.Īdditionally, Gate.io does charge you a withdrawal fee, and it varies from one crypto token to another. Gate.io doesn’t charge you any fees for depositing funds into your account. You can get additional discounts on the trading fee if you meet Gate.io’s rate discount program requirements. But apart from this, the standard fee would be: And the revised maker/taker fee would stand at 0.2%/0.2%, respectively.įor futures trading also, you get zero trading fee for BTC-M (All trading pairs). However, you avail of GT debit or discount on your trading fee. If you don’t fall into the zero trading fees category, then it will charge you a maker and taker fee of: Gate.io offers zero trading fees for different spot trading pairs. However, to make things a little interesting, Gate.io offers you zero trading fees for selected markets. Try Gate.io Now Gate.io vs Binance: Trading Fee & Deposit/Withdrawal Fee Comparedīoth Gate.io and Binance follow a fee-structured fee structure. However, Binance offers slightly higher leverage for futures trading than Gate.io. The bottom line is there is very little difference between both exchanges’ product offerings.
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