Gatehub VS Bittrex: Ultimate Crypto Exchange Comparison Guide

Comparison
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Contents
  1. General Information
  2. Registration and Verification
  3. Gatehub
  4. Bittrex
  5. User Interface
  6. Gatehub
  7. Bittrex
  8. Trading Volumes and Traded Pairs
  9. Gatehub
  10. Bittrex
  11. Commission
  12. Gatehub
  13. Bittrex
  14. Security
  15. Gatehub
  16. Bittrex
  17. Pros and Cons
  18. Gatehub
  19. Bittrex

General Information

GatehubBittrex
Year of foundation20142014
CountryUKUSA
LanguagesEnglishEnglish, Russian, Chinese
Mobile app–iOS, Android

Registration and Verification

Gatehub

Setting up an account on GateHub can be tedious. You must choose between a personal or corporate account, with the latter facing stricter scrutiny and longer wait times. Completing KYC (Know Your Customer) verification is mandatory to access all features, and without it, withdrawal options are limited. The account creation process involves email verification, agreeing to terms of service, providing basic profile details, and going through the invasive KYC check.

Bittrex

You can easily create a free account on Bittrex. You can choose a personal or corporate account. Corporate accounts are more closely monitored and take longer to open. KYC verification is mandatory for full access to Bittrex platform features. Without KYC, withdrawal options will be limited. When creating an account, you need to go through the standard email verification process, read the terms of service, fill out basic profile details and pass the KYC check.

User Interface

Gatehub

The user interface of GateHub is complex and lacks intuitive design, making it difficult for users to navigate. The color scheme feels unnatural and can be visually off-putting, further contributing to the overall user experience’s negative aspects.

Bittrex

The interface is typical, integrating a chart from TradingView and a set of familiar panels (price markers, deal formation panel, order book, etc.). Questions may arise only at the stage of parsing trading orders and the formation of the first deals. The problem is in the too superficial description of trade orders contained in the reference material. And this is taking into account that some orders have several special settings unique to this exchange.

Trading Volumes and Traded Pairs

Gatehub

Kraken is not a dedicated crypto-currency exchange, as it also facilitates the fiat exchange of currencies such as Euro, Yen, Dollar, Pound, etc. Gatehub accommodates over 17 cryptocurrencies, including Bitcoin, Bitcoin Cash, Bitcoin SV, Cardano, DASH, Dogecoin, EOS, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tether, Zcash, and many more.

Bittrex

Bittrex has no functionality for margin trading. This means that traders have the opportunity to earn only on growth, i.e., to enter only Long positions. Bittrex exchange has 442 trading pairs and many cryptocurrencies. You can quickly check if your token or coin is supported on the market data aggregator CoinMarketCap.

Commission

Gatehub

Trading fees are 0.30% flat, meaning that takers and makers both pay 0.30% of the total order value of the trade as a fee to Gatehub. One downside to consider is that these fees are higher than those of some competitors, such as Bittrex, which could make trading on Gatehub less attractive for cost-conscious traders.

Bittrex

Commissions at Bittrex Crypto Exchange are universal and are 0.25% for each order type. Deposits and withdrawals are not subject to fees.

Security

Gatehub

Although there have been no official statements confirming that Gatehub has been hacked, there have been instances where rumors circulated in the darknet about the sale of user data. The company’s owners have chosen not to comment on these allegations, which has raised some concerns about the platform’s security. In situations like these, it is important for a company to be transparent and address any potential issues to maintain users’ trust and confidence.

Bittrex

Security is not an empty word for this exchange. One of the most critical security elements for any crypto trader is 2FA. This feature increases the safety of the account.

Pros and Cons

Gatehub

Pros
  • We could not find the pros of the platform
Cons
  • Gatehub include high fees, as the platform has relatively high trading fees compared to competitors, with both takers and makers paying 0.30% of the total order value. The registration process can be complicated, potentially deterring new users who are looking for a quick and easy way to start trading. Additionally, Gatehub offers a limited number of trading pairs, which may restrict users’ options and make it less appealing to those who want a diverse range of trading possibilities. Lastly, the platform’s interface can be complex and difficult to navigate, particularly for beginners who might struggle to find their way around the various features and functions.

Bittrex

Pros
  • High level of security. The exchange has never been hacked.Verification is carried out with a minimum amount of data about the client. The account verification process is faster than on many other exchanges. Average commissions on the market. Bittrex charges 0.25% for any transactions.Support for more than 250 cryptocurrencies, including rare ones. No deposit limits. Up to 90% of customer funds are stored in cold wallets.The exchange is available for work in most countries.
Cons
  • No referral program.
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