Comparison of Gate.Io vs Coinlist [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Gate.Io vs Coinlist comparison!

Your expert: Alejandro Borja

gate.io

Gate.Io

Your expert: Xavier Tarrasó

coinlist

Coinlist

Main points

Fees

0,20%

Earns

No

Customer service

4/5
0,25%/0,50%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

No

Trading

Yes

Passive income

No

Buy and hold

Yes
No

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with additional benefits for token holders.
3.9 – Competitive fees with access to exclusive token sales.

Level

0,20%
0,25%/0,50%

Brief explanation

Gate.io offers a competitive and transparent fee structure. The platform charges a flat trading fee of 0.2% for both makers and takers, which is slightly below the industry average of around 0.25%​​. This flat fee structure simplifies the cost calculation for users, regardless of their trading volume. For high-volume traders, Gate.io offers a tiered fee discount system. Users who hold the platform’s native token, GateToken (GT), and opt to pay fees with it can receive up to a 25% discount on trading fees. Additionally, purchasing GT points or reaching higher VIP levels through increased trading volumes can further reduce fees, with potential discounts ranging from 30% to 70%​​. Deposits on Gate.io are free of charge, which is a significant advantage for users. However, withdrawal fees vary depending on the cryptocurrency being withdrawn. For example, the fee for withdrawing Bitcoin is 0.0005 BTC, which is competitive compared to the industry average​​. While Gate.io does not support fiat withdrawals, it allows users to deposit fiat currencies through third-party services like Banxa, MoonPay, and Simplex. These services charge their own fees, which can be relatively high​​. Overall, Gate.io’s fee structure is designed to be fair and transparent, catering to both casual traders and high-volume users with various discount options and competitive withdrawal fees.
CoinList charges a commission based on the transaction amount, which varies depending on the specific terms of each token sale or trade on the platform. The platform is known for its ability to handle initial coin offerings (ICOs) and provides access to new digital currencies that aren’t available on more mainstream exchanges. This focus on early-stage investments does mean that fees might be higher in certain cases, especially for exclusive or early access tokens. However, these fees are generally considered competitive within the industry, particularly given the unique access CoinList provides.

Gate.Io

Coinlist

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Product selection

Native token

Token GT (GateToken)
No

Earns

No
No

NFT marketplace

Yes
Yes

Cripto/debit card

Yes
Yes

Company information

Full name

Gate Technology Inc.
CoinList Services, LLC

Regulation

Not regulated
Regulated in the EE. UU.

Year founded

2013
2017

Founder

Lin Han
Andy Bromberg, Graham Jenkin, Paul Menchov

Payment methods

Transfers

No
Yes

Mastercard

Yes
No

Wire transfer

No
Yes

Card

Yes
No

Comparative table

Gate.Io FEATURES Coinlist
Minimum trade size is $10, making it accessible for small investors​​.
Minimum Trade
CoinList offers a flexible minimum trade amount, accommodating both small and large investors, though specifics can vary based on the cryptocurrency.
Flat fee of 0.2% for both makers and takers, competitive in the industry​​.
Trading and Transaction Fees
Fees on CoinList are competitive but can be higher compared to some other exchanges, particularly for less common trading pairs.
Over 1,400 cryptocurrencies available, providing extensive trading options​​.
Number of Cryptocurrencies
CoinList supports a variety of cryptocurrencies, especially new and emerging tokens not readily available on other platforms.
Supports a wide range of trading pairs, enhancing trading flexibility​​.
Crypto-to-Crypto Trading Pairs
Offers a robust selection of crypto-to-crypto trading pairs, focusing on new and innovative tokens.
Good security measures but lacks full transparency in some areas​​​​.
Website Transparency
The website provides essential information; however, details about fees and some services could be more transparent.
Gate.io does not currently offer its own exchange card for customers to use for in-store purchases and receive benefits.
Credit/Debit Card
CoinList does not offer an exchange card for in-store purchases. Their focus is primarily on token sales and providing access to new cryptocurrencies.
Utilizes both hot and cold storage, with the majority of funds kept offline​​.
Storage Offering
Provides secure storage options, including cold storage for major assets to ensure safety.
Offers various staking and earning opportunities with competitive returns​​.
Staking and Rewards
CoinList offers competitive staking opportunities, especially for newer tokens that are exclusive to the platform.
Robust mobile app available on iOS and Android, well-rated for Android users but mixed reviews for iOS​​.
Mobile App and Desktop
Both mobile and desktop interfaces are user-friendly and well-designed, though occasional bugs affect performance.
Provides 24/7 support via live chat and email, though response times and quality vary​​​​.
Customer Service
Customer service is a notable weak point, with slow response times and often unsatisfactory resolutions.
Crypto deposits are free; withdrawal fees vary by asset, no fiat withdrawals supported​​.
Deposit and Withdraw
Supports a range of deposit and withdrawal methods, but improvements are needed in processing times and clarity on fees.

Key features

Analysis tools

Advanced charting tools, technical indicators
Basic information, no advanced tools

Mobile APP

Yes
Yes

Security

High 4,9/5
High 4,9/5

Additional features

Margin trading, futures trading, staking, Gate.io Earn
Token sales, staking, lending services, CoinList Pro exchange

Anonymity

Yes
No

Key points

Available cryptocurrencies

800+
50+, focuses on early access to new tokens

User-friendliness

Features a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform provides a seamless trading experience with essential features easily accessible.
CoinList provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making the trading process smooth and efficient.

Value for money

Delivers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.
Delivers decent value for money with competitive fees and access to exclusive token sales, though it may not suit all traders.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany
United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for traders of all experience levels looking for a platform with a wide range of cryptocurrencies and competitive fees.
Great for investors interested in accessing exclusive token sales and competitive fees.

Base currencies available

USD, BTC, USDT
USD, BTC, USDT

Account

Trading

Gate.io offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees but can be complex for beginners.
CoinList is known for its support of new token launches and a wide range of cryptocurrencies. It offers competitive fees but has a complex interface that might be challenging for beginners.

Deposit and withdrawal

Gate.io supports a wide range of deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed quickly, usually within a day, with competitive fees.
CoinList offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawals are processed efficiently, usually within a day, with low fees.

Account opening process

Gate.io provides a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and usually completed within a day.
CoinList offers a straightforward account opening process. Users need to provide personal information and verify their identity. The process is fully digital and usually completed within a day, making it user-friendly.

KYC required?

Yes
Yes

Customer Service

Gate.io provides extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.
CoinList offers support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Gate.io provides extensive security measures, including 2FA and cold storage. It is not regulated by major financial authorities, which might be a concern for some investors.
CoinList provides strong security with 2FA, encryption, and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

As an expert in cryptocurrency exchanges, I highly recommend Gate.io for its comprehensive trading features and extensive selection of cryptocurrencies. With over 1,400 coins and a wide range of trading pairs, Gate.io offers excellent opportunities for diversifying your investment portfolio. The platform’s robust security measures, including cold storage and two-factor authentication, provide peace of mind for users concerned about the safety of their assets. While the interface may be complex for beginners, its advanced tools make it a powerful choice for experienced traders. Despite some limitations with fiat support, the competitive fees and strong liquidity make Gate.io a top choice for serious cryptocurrency enthusiasts.
As a cryptocurrency expert on our website, I’d recommend CoinList for those looking to explore new and emerging tokens. CoinList offers unique early access to initial coin offerings and a platform that’s both innovative and regulatory compliant. While it has areas that could be improved—particularly in customer support and platform stability—its distinctive position in the market makes it a valuable choice for investors interested in the forefront of cryptocurrency innovations. If you’re ready to dive into new investment opportunities and are aware of the higher risks associated with new tokens, CoinList could be an exciting platform to consider.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Gate.Io and Coinlist