Gatecoin is a attractive and centralised cryptocurrency platform, but can also be expensive and not as easy as it should. Binance, KuCoin, and Huobi Global are our top four Gatecoin alternatives. To meet your needs, we'll examine the main features, cost, liquidity, safety, and trading tools but one of the best to look at is simplicity and usability. Below you can see our best alternative for Gatecoin
Below you can find our TOP 4 alternatives. If you don't know what is the best option for you, just try them all. It's free on all of them to make an account and slowly start discovering the platform which suits you best.
Binance, KuCoin, and Huobi Global are our top 4 Gatecoin alternatives
. Let's take a look at each of them from the standpoint of usability and security.Alternatives for Gatecoin compared
Binance, Kucoin and Huobi Global trading platforms contain a powerfulset of tools and options to help you in your trading analysis. These include:
- Candlestick charts
- Depth charts
- Time intervals
- Drawing tools
- Technical indicators
The TradingView and trading tools are accessible in both the Classic and Advanced versions of Binance, Kucoin, and Huobi Global.
Moving Averages
On the chart, you'll notice that moving averages are already displayed. By clicking the settings icon, you may access their settings. Each moving average is determined based on the time chosen window. For example, MA (7) is the moving average of your selected time period over seven candles (e.g., 7 hours on a 1H chart or 7 days on a 1D chart).
Depth
Depth is a pictorial representation of the order book's unfilled buy/sell orders.
Candlestick Charts
A candlestick chart is a visual depiction of an asset's price fluctuations. Each candlestick's timing may be customized to reflect a specific interval. Each candlestick displays the open, close, high, and low prices for the time, as well as the highest and lowest prices.
Drawing tools
A couple drawing tools and settings are available on the chart's left side to support you with your charting analysis. You may also see a few variants of each tool's principal purpose by right-clicking it.
Candlestick Intervals
By selecting one of the default settings above the graph, you may change the timeframe shown by each candlestick. Click the downward-facing arrow on the right-hand side if you require more intervals.
Long/short position
You may track or copy a trading position using the long or short position tool. The Entry Price, Take Profit, and Stop-Loss levels may all be changed on your own. The relevant risk/reward ratio should then be displayed.
Technical Indicators
In the trading view, technical indicators like the Moving Average and Bollinger Bands may be added. Once you've selected on a technical indicator, it appears directly on the candlestick chart.
Features & Usability
Features of BinanceeWallets: Binance operates entirely online, with traditional money being deposited and withdrawn while being stored in an online wallet. Binance supports almost every major eWallet.
Mobile Trading: Traders may use the Binance mobile app to stay involved in the cryptocurrency market even while traveling. All newer mobile platforms and devices are supported by the Binance mobile app.
Trading Accounts: Binance offers several trading account types to meet the needs of all traders. Basic and Advanced Binance accounts are the two most common options. Customizations can be done based on the preferences of the trader. Binance provides Margin, P2P, and OTC trading accounts for more experienced users.
Features of Huobi
Easy to Navigate: The Huobi website, similar to other crypto exchanges, is straightforward to navigate, combining functionality, aesthetics, and efficiency. Within the trading interface, clear price feeds, charting tools, and market depth data are strategically shown.
Flash Trade: A unique combination of an order book, a chart index, and a market chart, this is one of Huobi's most intriguing features. Users can use Flash Trade to observe real-time trading volume, which is especially helpful during periods of extreme volatility.
Multiple Platform Compatibility: The Huobi platform is compatible with several operating systems, including Mac, Windows, iOS, and Android.
Swift Customer Support: Huobi's customer service is responsive to answer any questions or issues users may have. It's also easy to contact their support team. Usually, responses come within an hour.
Features of KuCoin
Leveraged Tokens: The platform supports leveraged tokens and currently offers about 45 different leverage tokens. Additionally, it is expanding and has now started offering leveraged trading on the S&P 500. MOVE contracts are also accessible for traders on KuCoin.
Fiat Currency Transfers: The platform supports fiat currency transfers in major currencies like USD, EUR, and GBP. KuCoin provides added security for credit card deposits. On transactions aimed at maximizing profits, the platform offers up to 100x leverage.
Coins offered
Coins at Binance
Binance boasts the largest number of cryptocurrencies offered to its users among any platform. On the spot market, it currently supports over 350 cryptocurrencies. Binance has an advantage over other crypto exchanges by offering clients a vast range of coins to choose from.
Binance's own cryptocurrency, BNB, has proven to be a revolutionary for the platform. It was one of the first native exchange tokens and had a significant impact on how many exchanges operate. BNB coins can be used within the Binance ecosystem for various goals, such as reducing trading fees, staking, and BNB vaulting.
Coins at Huobi
Huobi enables users to exchange over 200 different cryptocurrencies and tokens. It's ideal for users who want to hold coins long term (HODL) or engage in margin trading. Users can also purchase HB10, which monitors the Huobi 10 index.
Huobi OTC focuses on futures and options trading. These markets provide users more flexibility in setting prices and timelines for trades. Huobi also released its HT token, operating on the Ethereum blockchain, as part of its business strategy.
Coins at KuCoin
KuCoin is known for its derivatives markets, but it also offers a spot market with numerous cryptocurrency pairs. BTC, USDT, BRZ, TRYB, USD, and EUR are among the tokens paired with six base currencies.
The KuCoin Token (KCS) is the platform's native utility token, extensively used within the KCS ecosystem. KCS can be used in multiple ways, including offering trading fee discounts.
Volume / liquidity benefits
The ease with which an asset may be traded for fiat currency without significantly affecting the asset's price is referred to as liquidity. There are two key elements to this definition: ease of trading (the amount of time and effort required) and cost (slippage, or the difference between the expected price and the executed price, especially on large orders).
Both of these components are crucial when discussing liquidity in the context of cryptocurrency exchanges. A trader must finish trades as quickly as possible and at the lowest possible cost.
Binance dominates when it comes to liquidity. Binance has a highly liquid cryptocurrency market because there are always traders looking to buy or sell BTC and other cryptocurrencies, and the bid-ask spread is generally small.
Huobi Global and KuCoin consistently rank among the top 10 in terms of liquidity and 24-hour trading volume, according to coinmarketcap.
Trading Fee
A tiered "maker" and "taker" model is the most prevalent fee structure implemented by cryptocurrency exchanges. It creates tiers based on trading volume and charges maker and taker fees accordingly.
A maker is someone who sells cryptocurrency to create liquidity on the platform, while a taker buys cryptocurrency to remove it from the market. Both parties in the transaction pay commissions, but makers generally pay less.
Platform fee schedules are designed to incentivize frequent trading in large transaction volumes worth thousands of dollars. Fees often decrease as a trader's 30-day total trading volume rises.
Trading Fee at Binance
Fees and withdrawal limits depend on how you engage with Binance. You'll encounter 0.1% spot trading fees and additional fees based on your 30-day trading volume, with VIP rankings tied to that volume. Traders with volumes under $50,000 pay 0.1% maker/taker fees, with the percentage decreasing in stages as the volume rises.
Additionally, using Binance's cryptocurrency BNB offers a 25% discount on fees. Buying and selling Bitcoin incurs a 0.5% fee.
Trading Fee at Huobi
Huobi Global offers some of the industry's lowest buy and sell order rates, starting at 0.2% per trade, which can be further reduced by holding HT tokens. In comparison, other worldwide exchanges like Gemini and Coinbase charge between 0.25% and 0.5% per trade for fiat and crypto pairings, making Huobi's fees slightly cheaper.
Trading Fee at KuCoin
KuCoin employs a tiered fee system that rewards traders for higher volume. As trading volumes rise, maker and taker fees are progressively lowered. Fees vary between makers and takers in the spot market. In addition, for moving money in and out of the platform, wire transfer and automated clearing house (ACH) fees may apply.
Trading Fee at KuCoin
Compared to other major exchanges, KuCoin offers comparatively low trading fees. Users can expect fees ranging between 0.0125% and 0.10% per trade depending on whether they're acting as makers or takers.
Accessibility & security
Binance Security
Binance is a top-rated safe crypto exchange, according to user Binance reviews. It's a secure trading platform with end-to-end security features and services. Binance offers a robust data protection environment named Binance chain, which sets it apart from other beloved crypto focused competitors.
Every day, the Binance exchange processes a huge number of cash and coin transactions and withdrawals. On the Binance website, several hacks have been attempted. Binance, on the other hand, does not tolerate such abuses and has gone so far as to briefly halt its service in order to preserve its users' funds.
Binance's security score is checked on a regular basis, and its website is monitored by Mozilla system administrators and security experts. They safeguard Binance sites and help them get a B+ security grade, which is much higher than the industry standard.
Huobi Security
According to different internet evaluations and our research, the Huobi exchange platform's security procedures are well-organized, as one would expect from such a massive and well-known crypto platform.
The platform is based on a distributed system design, with around 98 percent of its clients' funds maintained in multi-signature offline cold storage wallets for extra protection. There have been no known incidences of cybersecurity intrusions against the crypto exchange since its establishment.
KuCoin Security
KuCoin's score about security is good. Two-factor authentication (2FA) is used by KuCoin to ensure the security of your data.
The software helps safeguard user accounts at every part of the process by using Authy, Google Authenticator verification. Separate subaccounts gives gives extra access for maintaining and creating multiple portfolios in one 'login' area.
Specific orders types
You interact with the market by placing orders while trading stocks or cryptocurrency:
Market Order
A market order is a command to purchase or sell something immediately now (at the current market price).
Limit Order
A limit order instructs the trader to hold off on executing the trade until the price reaches a certain level.
In a nutshell, that's how orders go. Of course, depending on how you want to trade, each of these two categories has several versions that accomplish different things.
One-cancels-the-other (OCO) orders
A "one cancels the other" (OCO) order is a smart system that combines two conditional orders into one. The other gets terminated as soon as one is actioned.
Good ‘til canceled (GTC)
Good 'til canceled (GTC) is a command that instructs a transaction to remain open until it is either actioned or manually canceled. This is the default setting on most cryptocurrency {platforms|marketplaces|exchanges.
Immediate or cancel (IOC)
Immediate or cancel (IOC) orders require that any portion of the order that isn't filled right away be canceled.
Fill or kill (FOK)
Orders to fill or kill (FOK) are either filled right away or killed right away (canceled). It wouldn't partly fill your order if you told the exchange to buy 10 BTC for $10,000. If the whole 10 BTC order isn't available at that price now, it will be removed.