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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Gate.io vs Lbank in comparison
Overview
- 1,464 crypto assets with an active spot market on gate.com
- Spot fees of 0.10% maker and taker at the entry tier on gate.com and Gate's EU site
- USDT perpetual futures at 0.02% maker and 0.05% taker, with leverage up to 200x on BTC
- A proof-of-reserves report with a 117% total reserve rate
- MiCA authorization for Gate's EU company in Malta
- No named license and no named operating company for the global gate.com platform
- gate.com does not accept US residents; Gate US offers spot trading only and does not operate in six states, among them New York and Texas
- Gate US accounts have no protection from the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation
- A product menu that is hard to learn for first-time buyers, in our view
- 885 crypto assets with an active spot market
- USDT perpetual futures with up to 200x leverage on BTC
- Grid bots, copy trading and Spot Auto-Invest
- Tokenized stock and ETF tokens on the spot market
- Fixed BTC withdrawal fee of 0.00005 BTC
- No license named and no head office stated
- No current proof-of-reserves report that we could find
- The protection fund covers futures price spikes only, not deposits
- Not open to residents of the US, Canada or mainland China
- Warning from Japan's FSA for serving Japanese residents without registration
Features Comparison
- Cryptocurrencies
- Cryptocurrencies
0.1
%
0.10%
0.10%
Varies
0.1
%
0.10%
0.10%
₿
0.00005
1464
+
$
1
885
+
$
1
Exchange Rating
Functions
- Spot market for over 2,000 pairs
- Margin trading with up to 10x leverage
- Copy trading function
- 885 cryptocurrencies with an active spot market
- Tokenized US stocks and ETFs on spot
- Up to 200x leverage on BTC futures
Company Details
Our Review
In our view, Gate.io suits experienced traders who want 1,464 crypto assets, 0.10% spot fees at the entry tier and futures with up to 200x leverage on gate.com. US residents use Gate US, a separate company with fees of 0.25% maker and 0.40% taker. For a first purchase, we rate Coinbase higher for beginners.
Two Selection-Focused Platforms
Gate.io and Lbank both serve traders seeking variety in coin selection. Gate.io offers more options; both charge 0.10% spot fees at the entry level. Both prioritize selection over mainstream appeal.
Coin Selection
Gate.io lists 1,464 cryptocurrencies with over 2,000 trading pairs. Substantial selection.
Lbank lists more than 850 cryptocurrencies and advertises 800+. Gate.io has more variety.
Fee Comparison
Lbank charges 0.10% maker and taker on spot at its entry level, falling to 0% for makers at its top VIP level. Gate.io charges 0.10% at the entry level, the same as LBank's standard rate.
Trust Scores
Gate.io scores 7.2/10 overall. Lbank scores 6.3/10. Neither has strong regulatory backing, but Gate.io has established more credibility.
Platform Features
Gate.io offers margin trading with up to 10x leverage. Lbank requires identity verification (KYC) before you trade.
The Decision
Gate.io at 7.2 serves traders who want more coins and margin options.
Lbank at 6.3 serves fee-conscious traders who prioritize cost over selection breadth.
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
