Updated Rules checked 2026-10-17
For regular users (VIP 0), Binance and Gate charge exactly the same: 0.1% for spot Maker and Taker, and 0.02% Maker / 0.05% Taker on USDT perpetual futures. The differences are in the platform tokens and the referral code rules. BNB discounts spot (25% off) and USDT-margined futures (10% off), while GT only discounts spot (10% off, down to 0.09%). Binance’s futures rebate usually lasts only 12 months, counted from the day you open your futures account; the rebate from a Gate affiliate referral code has no time limit as long as the referral relationship exists. Binance gives you more room to fix mistakes, though: within 30 days of sign-up, before any deposit or trade, you can add a referral code yourself, while on Gate you can only enter one at sign-up.
The two exchanges are also good at different things. According to their official APIs read on 2026-10-17, Gate lists 2,052 tradable spot coins, 4 times Binance’s 512, and offers up to 200x on BTC and ETH futures, against Binance’s 150x. Binance’s strength is scale: its 2026-10-01 reserve snapshot shows 688,572.68 BTC held by users on Binance, while the latest edition in Gate’s announcements, dated 2026-08-19, shows 22,436 BTC. On security, Binance’s last platform wallet hack was the theft of 7,000 BTC on 2019-05-07, covered in full by SAFU; under this site’s inclusion criteria, we found no major public incident of a Gate platform wallet being hacked.
Choose Binance if you often place market orders, are willing to hold BNB, or have already signed up but forgot to enter a referral code. Gate suits you better if you want to trade lesser-known coins, use options or stock futures, or plan to trade futures for the long term and want a rebate that doesn’t expire. Neither exchange has a direct New Taiwan dollar (TWD) deposit channel, and Taiwan is not on either exchange’s list of restricted regions.
Sign up to Binance with the referral code KEVINWU and the exchange automatically refunds 20%, on both spot (including margin) and USDT-margined futures.
Sign up to Gate with the referral code KEVINXYZ and, after each trade is completed, Gate automatically refunds 20% of the fee to your spot account, on both spot and futures.
Key points:
1. Binance and Gate charge the same at VIP 0: 0.1% / 0.1% on spot and 0.02% / 0.05% on USDT perpetual futures.
2. With BNB, Binance spot drops to 0.075% and futures Taker to 0.045%; GT only discounts spot, to 0.09%, and Gate futures has no platform-token discount.
3. Binance’s futures rebate runs for 12 months from when you open a futures account (with no such limit if the referrer’s futures commission rate is 30% or more); the rebate from a Gate affiliate referral code has no time limit while the referral relationship exists.
4. On Binance you can add a referral code within 30 days of sign-up, before any deposit or trade; we found no official Gate process for adding or changing a referrer.
5. Moving USDT from Binance to Gate over BEP20 costs 0.01 USDT; in the other direction, Gate’s BEP20 fee is 0.5 USDT, while Aptos costs only 0.04 USDT.
The information below was checked against official pages on 2026-10-17 (the data check date) and is provided for reference.
Binance vs Gate: what’s the difference?
| Item | Binance | Gate |
|---|---|---|
| Spot Maker / Taker (VIP 0) | 0.1% / 0.1% | 0.1% / 0.1% |
| USDT perpetual futures Maker / Taker (VIP 0) | 0.02% / 0.05% | 0.02% / 0.05% |
| Platform-token discount | BNB: 25% off spot (0.075%), 10% off USDT-margined futures (Taker 0.045%) | GT: 10% off spot (0.09%); not available for futures |
| Reaching VIP on account assets | VIP 1 requires holding 5 BNB first, plus 100,000 USD in assets or a trading volume requirement; spot Taker stays at 0.1% at VIP 1 and VIP 2 | 10,000 USD in assets gets you VIP 3 (futures Taker 0.048%), 40,000 USD gets you VIP 5 (futures Taker 0.045%) |
| Referral code rebate | 20% | 20% |
| Rebate duration | No term stated for spot; futures 12 months (no limit if the referrer’s commission is 30% or more); stops at VIP 3 or above | No time limit for affiliate referral codes while the referral relationship exists; no rebate at VIP 11 or above |
| Adding a referral code after sign-up | Within 30 days of sign-up, with no deposits or trades and no referrer, you can add one yourself | No official process found |
| Switching referrers | Not possible if you already have a referrer; with no referrer and a trading history, an affiliate can submit a switch request | No official process found; each user can sign up through only one invitation mode |
| Identity verification | New users must complete “Verified” verification before they can deposit and trade | All users must complete identity verification before depositing or withdrawing |
| Unverified accounts | Older accounts are limited to withdrawing, canceling orders, closing positions and redeeming | Withdrawals, deposits, trading and C2C open only after verification |
| Restricted regions | Taiwan not included; the list covers the US, Canada, the Netherlands and 6 sanctioned regions | Taiwan not included; the longest list of the 13 exchanges, including Japan, South Korea, Hong Kong, Singapore, Thailand, Vietnam and the Philippines |
| TWD deposits | No TWD bank deposits; P2P has a TWD option, with 0 USDT buy and sell ads when checked on 2026-10-17 | No TWD bank deposits; C2C has a USDT/TWD market, which showed “No ads available” when checked on 2026-10-17 |
| Tradable spot coins | 512 (1,380 trading pairs) | 2,052 (2,201 trading pairs) |
| Crypto USDT perpetual futures | 525, up to 150x on BTC and ETH | 589, up to 200x on BTC and ETH; plus 402 stock futures |
| Futures with funding settled every 4 hours | 420 (80%) | 396 (67%), plus 2 settled every hour |
| Copy trading profit share | Up to 30%, settled from a snapshot every Monday at 08:00; lead traders also get 10% of copiers’ fees | Set by the trader within their tier’s limits, up to 30% for expert traders; calculated every 7 days and paid daily at 01:45 (UTC) |
| Cheapest USDT withdrawal network and fees | BEP20 0.01 USDT (minimum 2); TRC20 1.5, ERC20 0.4 | Aptos 0.04 USDT (minimum 1); BEP20 0.5, TRC20 1.5, ERC20 1 |
| Proof of reserves (latest snapshot) | 2026-10-01: BTC 100.35%, ETH 100.0001%, USDT 103.88% | Latest edition announced, 2026-08-19: BTC 122.79%, ETH 122.05%, stablecoins combined 111.63% |
| Protection fund | SAFU 15,000 BTC | Current size not officially published |
| Major security incidents | Hot wallet hack of 7,000 BTC on 2019-05-07, covered in full by SAFU | No major public incident of a platform wallet hack found; futures system emergency upgrade and suspension on 2025-04-23, with compensation promised |
Fee sources: Binance spot fee page, Binance futures fee guide, Binance guide to BNB fee discounts and the Gate fee page (spot tab and futures VIP rates, read on 2026-10-17). Identity verification comes from the Binance identity verification guide, the Gate identity verification FAQ and the Gate App identity verification tutorial. Spot coin and futures counts are the items in trading on 2026-10-17, counted through both exchanges’ official public APIs (Binance spot, Binance USDT-margined futures, Gate spot, Gate USDT perpetual futures), and they change as listings are added or removed. USDT withdrawal fees were read on 2026-10-17 from the Binance deposit and withdrawal fee page and the deposit/withdrawal tab of the Gate fee page. Sources for the other rows are given in the matching sections below.
How much do Binance and Gate fees differ?
Suppose someone trades 200,000 USDT of USDT perpetual futures and 20,000 USDT of spot each month, all at the official VIP 0 rates:
| Monthly fees (USDT) | Binance | Binance (BNB discount on) | Gate | Gate (GT deduction on) |
|---|---|---|---|---|
| Futures 200,000, all Taker | 100 | 90 | 100 | 100 |
| Spot 20,000, all Taker | 20 | 15 | 20 | 18 |
| Total (all Taker) | 120 | 105 | 120 | 118 |
| Total (all futures as Maker orders) | 60 | 51 | 60 | 58 |
The fee is the trade value times the rate: futures 200,000 × 0.05% = 100 USDT, the same on both. Without platform tokens, both cost 120 USDT a month. With them, Binance’s futures Taker drops to 0.045% and spot to 0.075%, for a total of 105 USDT, while on Gate only spot drops to 0.09%, for a total of 118 USDT. Of that 13 USDT gap, 10 USDT comes from BNB discounting futures and GT not doing so. If all futures orders are Maker orders instead, Binance’s Maker with BNB is 0.018%, for a total of 51 USDT, against 58 USDT on Gate.
Both exchanges let you place Maker-only orders: on Binance futures it’s called “Post Only”, and on Gate it’s “Post-Only” under the advanced limit order; see the difference between Maker and Taker fees for details. Gate has one more trap that’s easy to fall into: when your account holds point cards, paying spot fees with point cards costs a fixed 0.2%, twice as much as paying directly at VIP 0, and futures taker orders also use point cards first by default when you have them (Gate fee page), so check how you’re paying before you place an order.
Large account balances: Gate’s VIP thresholds are lower
Gate’s VIP level is based on assets, the 14-day average GT holding or 30-day trading volume, and meeting any one of them gets you the upgrade, but futures volume only counts at 40%. The low tiers don’t help with futures: VIP 1 and VIP 2 have the same futures rates as VIP 0. 10,000 USD in assets (or 500 GT) gets you VIP 3, with a futures Taker of 0.048%; 40,000 USD in assets (or 2,000 GT, about 22,000 USDT on 2026-10-11) gets you VIP 5, with a futures Taker of 0.045% and spot at 0.09% / 0.095% (Gate VIP page). On Binance, since 2026-07-21, VIP 1 requires holding 5 BNB first and then meeting one of these: 1 million USD of 30-day spot volume, 5 million USD of futures volume or 100,000 USD in assets; and VIP 1 and VIP 2 only lower the spot Maker fee (Binance VIP program update announcement).
Using the same example: someone with 40,000 USD in their account is VIP 5 on Gate and pays 200,000 × 0.045% + 20,000 × 0.095% = 109 USDT a month; turning on the GT deduction brings spot Taker to 0.085%, for 107 USDT, about the same as the 105 USDT on Binance with BNB. In other words, Gate needs 40,000 USD in assets just to catch up with the rate a regular Binance user gets with BNB. Gate only stops the rebate at VIP 11, so the rebate at VIP 5 is calculated as usual.
How much rebate does Gate need to match Binance?
A referral code rebate refunds part of the fee you actually pay. Both exchanges charge 0.05% for VIP 0 futures Taker, so the gap comes only from the BNB discount and Binance’s own rebate. Gate’s effective rate = 0.05% × (1 − rebate rate). For it to equal Binance’s rate, Gate’s rebate rate has to reach the thresholds in the table below:
| Binance futures Taker used for comparison | Binance effective rate | Minimum Gate rebate |
|---|---|---|
| No BNB, no rebate | 0.05% | Anything above 0 is cheaper |
| BNB discount on, no rebate | 0.045% | 10% |
| No BNB, rebate at the official cap of 20% | 0.04% | 20% |
The formula is 1 − Binance effective rate ÷ 0.05%, for example 1 − 0.045 ÷ 0.05 = 10%. Binance’s official cap on the invitee rebate is 20%: for spot and margin it’s stated in getting started with the Binance affiliate program, and futures has also been capped at 20% since 2025-10-25 (Binance Referral Pro update announcement). The third row only applies to the first 12 months of Binance’s futures rebate: one year after you open the futures account, the futures rebate stops unless the referrer’s futures commission rate is 30% or more, and the threshold goes back to the first or second row. Gate’s rebate has no time limit, so the longer you trade futures, the more Gate comes out ahead.
This site’s Gate referral code currently gets an automatic exchange rebate of 20%, which you can compare directly with the thresholds in the table above.
Both calculators below use the official futures Taker rate of 0.05%, and their rebate rates update in sync with the exchanges. Enter the 200,000 USDT from the example above into each one to see which is cheaper after the rebate.
Calculator: Binance futures (Taker 0.05%)
| Monthly volume | Fees (0.05%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 10,000 USDT | 5 USDT | 1 USDT | 4 USDT |
| 100,000 USDT | 50 USDT | 10 USDT | 40 USDT |
| 1,000,000 USDT | 500 USDT | 100 USDT | 400 USDT |
Example at a futures fee rate of 0.05% and the current 20% automatic rebate (rate updated 2026-10-24). Your exchange statement prevails.
Sign up with this site’s Binance referral code and the automatic exchange rebate is 20%, on both spot (including margin) and USDT-margined futures. Binance does not state officially whether the rebate is calculated on the fee before or after the BNB discount.
Calculator: Gate futures (Taker 0.05%)
| Monthly volume | Fees (0.05%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 10,000 USDT | 5 USDT | 1 USDT | 4 USDT |
| 100,000 USDT | 50 USDT | 10 USDT | 40 USDT |
| 1,000,000 USDT | 500 USDT | 100 USDT | 400 USDT |
Example at a futures fee rate of 0.05% and the current 20% automatic rebate (rate updated 2026-10-24). Your exchange statement prevails.
Sign up with this site’s Gate referral code and the automatic exchange rebate is 20%, refunded to your spot account after each trade is completed, on both spot and futures. With the GT deduction turned on, Gate does not state officially whether the rebate is calculated on the fee before or after the deduction.
For the full rates, VIP tables and withdrawal fees, see Binance fees and Gate fees; how futures costs are calculated is explained in how futures fees are calculated, and you can try your own numbers in the perpetual futures cost calculator.
How do Binance and Gate futures rules differ?
The fees are the same, but the other futures rules differ quite a bit. The table below is based on both exchanges’ official APIs and help centers, read on 2026-10-17:
| Item | Binance | Gate |
|---|---|---|
| Maximum BTC leverage | 150x (positions up to 300,000 USDT) | 200x (positions up to 500,000 USDT) |
| Leverage limit for new accounts | Up to 20x for the first 30 days after the futures account is opened | Not mentioned in the official account-opening tutorial |
| BTC tier 1 maintenance margin rate | 0.40% | 0.30% |
| Margin needed to open a position | Position value ÷ leverage | An extra 0.075% set aside for the closing fee |
| Funding settlement interval | 420 every 4 hours, 105 every 8 hours | 396 every 4 hours, 191 every 8 hours, 2 every hour |
| Funding rate cap and floor | BTC ±0.3%; ±2% on 503 contracts | BTC ±0.3%; ±2% on 554 contracts |
| When liquidated | An extra liquidation clearance fee: 1.25% for BTC and ETH, 1.5% to 2.5% for others | Settled at the bankruptcy price; Gate lists the remaining maintenance margin after liquidation among the insurance fund’s sources of funds |
The Binance data comes from the Binance leverage and margin page, the guide to USDT-margined futures leverage and margin, the Binance funding rate settings API and the Binance futures trading rules page; the Gate data comes from the Gate risk limit API, the Gate initial margin guide, the Gate funding rate guide, the Gate liquidation mechanism overview and the Gate insurance fund guide.
Funding matters more in practice than maximum leverage: on both exchanges most contracts settle funding every 4 hours, so the same 0.01% rate is paid 6 times a day; when a contract with a ±2% cap hits that cap, a 10,000 USDT position pays 200 USDT in a single settlement. When a Gate contract hits its funding rate cap or floor, it also switches automatically to hourly settlement. Funding is paid between longs and shorts; neither exchange collects it, and neither pays a rebate on it. For how it works, see what is the funding rate. Leverage magnifies your position, and when the price moves against you, the position may be liquidated and you lose your margin. You can estimate the liquidation price with the liquidation price calculator, and the full walkthroughs for both exchanges are in the Binance futures guide and the Gate futures guide.
How do Binance and Gate referral rebate rules differ?
On both exchanges, the exchange pays the rebate directly to the invitee. The differences are in how long it lasts, the VIP limits, and whether you can fix things after entering the wrong referral code or forgetting one:
| Rule | Binance | Gate |
|---|---|---|
| Basis of calculation | Net fees (after deducting market maker rebates) | Trading fees; with the GT deduction on, which amount is used is not stated officially |
| Eligible markets | Spot (including margin) and USDT-margined futures | Spot, Alpha, futures and margin, excluding fiat trading |
| Duration | No term stated for spot; futures 12 months from opening the futures account (no such limit if the referrer’s futures commission rate is 30% or more) | No time limit for affiliate referral codes while the referral relationship exists |
| VIP limit | Stops at VIP 3 or above, resumes if you drop back to VIP 2 or below | No rebate at VIP 11 or above |
| Payout | Converted to USDC every hour and paid to your spot account within 6 hours | Paid automatically to your spot account after each trade, delayed by 1 to 2 hours at some times |
| What earns no rebate | Zero-fee trading pairs; funding fees | Fiat trading; funding fees |
| Do copy trading fees count toward the rebate? | Officially stated to count toward referral commission | Not stated officially |
| Adding a referral code later | Within 30 days of sign-up, with no deposits or trades, no referrer, and identity details not used on another account within 180 days, you can add one on the referral binding page | No official process found; the claim online that “you can bind within 7 days” refers to Gate Wallet (Web3), not the exchange account |
| Changing referrers | Not possible if you already have a referrer; with no referrer and a trading history, an affiliate can submit a switch request (trading volume under 5,000 USD in the 90 days before submission, and reaching 150,000 USD within 30 days after) | No official process found; each user can be invited through only one invitation mode |
| Other restrictions | If you close your account and open a new one to get referral benefits, commission on the new account may be terminated | Invitation relationships don’t carry across regional sites, so switching regional sites during sign-up means the relationship can’t be created; if the inviter and invitee share an IP address, the referral is invalid; the user agreement prohibits using multiple accounts |
The Binance rules come from the Binance Referral Pro FAQ (updated 2026-08-05), the Binance affiliate switch FAQ and the Binance futures copy trading FAQ; the Gate rules come from the Gate referral rules, the Gate referral FAQ, the Gate invitee rebate announcement, the FAQ on the Gate fee page and the Gate user agreement (updated 2026-07-22, section 10.1(a)).
For futures traders, the biggest difference is duration: Binance’s futures rebate usually lasts only 12 months, while Gate’s has no end date. Going by the threshold table in the previous section, Binance may be cheaper in the first year, and from the second year on, any Gate rebate of 10% or more beats Binance’s 0.045% with BNB. If you already have an account, Binance is more flexible: within 30 days and before any deposit, you can add a code yourself, and if you’ve traded but have no referrer, you can still apply for a switch. On Gate, it’s settled the moment you sign up. For details, see switching your Binance referral code, the guide to switching your Gate referral code and how to check whether you have a referral code bound; for choosing between fee vouchers and rebates, see fee vouchers vs referral code rebates.
Do Binance and Gate both require identity verification? What should users in Taiwan know?
Identity verification: both exchanges require verification before you can deposit and trade. New Binance users must complete “Verified” verification before they can deposit and trade, and older accounts that haven’t been verified are switched to “withdrawal only”, with the withdrawal limit shown after you log in. Gate states that all users must complete identity verification, and that verification is required before depositing or withdrawing; the official review time is usually 10 minutes to 12 hours, and people under 18 cannot be verified. The Gate fee page lists a withdrawal limit of 3 million USD per 24 hours for VIP 0. On Binance each person can have only one verified main account, and Gate’s user agreement prohibits using multiple accounts. For the steps and the documents to prepare, see the Binance KYC identity verification guide and the Gate KYC identity verification guide.
TWD deposits and withdrawals: neither exchange offers direct New Taiwan dollar bank deposits. When we checked the Binance P2P TWD market on 2026-10-17, there were 0 USDT buy ads and 0 sell ads; on the same day, the Gate C2C TWD market showed “No ads available”. The practical route is the same for both: buy USDT with TWD on a Taiwanese exchange (such as MAX or BitoPro), then transfer it to Binance or Gate; withdrawing works the other way around. From Gate, the cheapest network to MAX is Aptos (0.04 USDT) and the cheapest to BitoPro is Polygon (0.05 USDT); for a comparison of routes across exchanges, see the USDT withdrawal fee comparison.
Regions and apps: Taiwan is not on the Binance list of prohibited countries (updated 2026-01-05), nor among the restricted regions in section 2.5 of the Gate user agreement (updated 2026-07-22). The two lists differ a lot in length: Binance lists only the US, Canada, the Netherlands and 6 sanctioned regions, and US citizens living abroad can’t use it either; Gate’s list is the longest of the 13 exchanges this site compares, including Japan, South Korea, Hong Kong, Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines, and section 4 of the agreement also states that perpetual futures are not available in prohibited regions. If you travel abroad often or live in Southeast Asia, think this through first. When we checked, both apps were available on the Taiwan App Store: the Binance app and the Gate app (developer GATE GLOBAL UAB), and both have a Traditional Chinese interface. In May 2025 Gate changed its official domain from gate.io to gate.com (Gate new domain announcement), so check any link that starts with gate.io before using it. For which countries each exchange restricts, see exchange restricted countries.
What are Binance and Gate each good at?
Binance‘s strengths are scale and its platform token. In the 2026-10-01 reserve snapshot, users held 688,572.68 BTC on Binance, more than 30 times Gate’s 2026-08-19 figure (22,436 BTC); and BNB discounts both spot and futures, which GT can’t do.
- Copy trading: futures copy trading and spot copy trading. Futures copy trading takes a profit share of up to 30%, based on a snapshot of total PnL every Monday at 08:00, charged only on the part not already shared, with a minimum of 10 USDT; lead traders also get 10% of copiers’ fees (Binance lead trader benefits).
- Trading bots: spot grid, futures grid, recurring buys (DCA), rebalancing, TWAP and arbitrage (Binance trading bots).
- Earn and on-chain: Simple Earn data read on 2026-10-17 shows a base APR of about 2.40% on flexible USDT, plus an extra 4% on the first 500 USDT (Simple Earn); there are also Launchpool, Launchpad and Binance Wallet.
Gate‘s strength is its range of products. It lists 2,052 tradable spot coins, 4 times as many as Binance, so if you want to buy small-cap coins, Gate gives you far more choice; beyond USDT perpetuals, its derivatives include 402 stock futures, delivery futures, options and CFDs.
- Copy trading: futures copy trading, and copy trading volume also counts toward your VIP level (Gate futures copy trading). Traders set the profit share within the limits of their tier, and the cap for expert traders was raised to 30% on 2024-09-20 (Gate profit share announcement); profit share is calculated every 7 days and also settled when you stop copying, and it’s paid daily at 01:45 (UTC) (Gate trader profit share rules, 2026-04-13).
- Trading bots: spot grid, futures grid, infinite grid, Martingale and recurring buys (Gate strategy bots).
- Earn and more: Gate’s flexible USDT savings (Simple Earn) work by matching lending; on 2026-10-17 the official API showed an estimated APR of 2.38%, with no tiers (Gate official API); there are also Launchpool, Gate Web3 Wallet and Gate Card.
Flexible savings rates float on both exchanges; for a comparison across exchanges, see USDT flexible savings rates compared. Copy trading fees are the same on both: copying a trader who makes 40 round trips a month with 1,000 USDT at 5x leverage, all as Taker, costs 5,000 × 0.05% × 2 × 40 = 200 USDT in fees on either exchange. The difference is the rebate: Binance states that copy trading fees count toward referral commission, and Gate does not say. For the full cost of copy trading, see the cost of copy trading, and for how grids work, see what is grid trading.
How do Binance and Gate compare on proof of reserves and security?
Both exchanges publish proof of reserves, and both provide a Merkle tree so users can confirm their own account was included, but how regularly they update differs a lot:
- Binance: a snapshot at 00:00 (UTC) on the 1st of every month, verified with zk-SNARKs and covering 55 coins. The latest edition, 2026-10-01: BTC 100.35%, ETH 100.0001%, USDT 103.88%, USDC 108.26% (Binance proof of reserves page, Binance account balance verification guide).
- Gate: Merkle Tree plus zk-SNARKs, with no stated update frequency. The latest in its announcements is the 2026-08-19 snapshot: BTC 122.79%, ETH 122.05%, and 111.63% for USDT and other stablecoins combined (Gate reserves announcement). When we checked the Gate reserves page on 2026-10-11, it showed the 2026-09-13 audit: BTC 120.31%, ETH 123.59%, USDT 114.25%, with a total reserve ratio of 117%; checked again on 2026-10-17, the page was stuck on “Loading reserve data…” and showed no figures.
A high reserve ratio doesn’t mean large scale: Gate’s BTC reserve ratio is about 22 percentage points higher than Binance’s, and Binance sits close to 100%, which means little buffer; but Gate users’ BTC is only about 3% of Binance’s. The major incidents at the two exchanges are listed below:
- Binance hack, 2019-05-07: hackers obtained a large number of users’ API keys and 2FA codes and withdrew 7,000 BTC from the BTC hot wallet. Binance announced that its SAFU fund would cover the loss in full, and deposits and withdrawals were suspended during the security review, which Binance estimated at about a week (Binance security incident announcement).
- Binance guilty plea, 2023-11-21: Binance pleaded guilty in the US, with settlements with the Department of Justice, the Treasury and the CFTC totaling about 4.3 billion USD, and founder Changpeng Zhao (CZ) stepped down as CEO (US Department of Justice case page). This was a compliance case, not a loss of user assets.
- Gate, ETC 51% attack, January 2019: the Ethereum Classic blockchain suffered a 51% attack, and Gate lost about 40,000 ETC, worth about 200,000 USD at the time, which it said the platform would absorb (CoinDesk report, republished); on 2019-01-14 the attacker returned about 100,000 USD worth of ETC (CoinDesk). This was an attack on the chain itself, not a hack of Gate’s wallets.
- Gate futures system emergency upgrade, 2025-04-23: because of heavy traffic, futures and copy trading were suspended, and Gate promised 100% compensation for user losses during the upgrade (excluding market factors) (The Block).
As for protection funds, Binance converted SAFU to 15,000 BTC on 2026-02-12 and said it would top it back up to 1 billion USD if its value fell below 800 million USD (The Block). Gate’s futures have a separate insurance fund, but Gate states that it does not constitute a guarantee; for a platform-wide protection fund, I couldn’t find a current size officially published by Gate. Proof of reserves only reflects assets at the moment of the snapshot and is not deposit insurance; coins you won’t trade for a long time can be moved to a self-custody wallet. For the records of 13 exchanges side by side, see exchange security records and the exchange proof of reserves comparison; the full profiles of each exchange are in the Binance review and the Gate review.
What should you watch for when moving from Binance to Gate (or the other way)?
Switching platforms means opening a new account on the other exchange and moving your assets over. We suggest this order:
- Sign up for the new account first, with the referral code entered on the sign-up page. When moving to Gate, this is your only chance, so don’t switch regional sites during sign-up; when moving to Binance, if you forget, you can still add a code within 30 days as long as you haven’t deposited or traded.
- Complete identity verification on the new account; both exchanges require verification before you can deposit.
- On the old account, close positions, cancel orders and redeem earn products first, transfer funds from the futures account back to the spot account, and then withdraw USDT.
- The first time you send to a new address, send a small amount and confirm it arrives before sending a large amount.
There are no internal transfers between the two exchanges, so USDT has to go through an on-chain withdrawal. The fee is a fixed amount per withdrawal, charged by the sending side. The table below shows 13 commonly used networks that both exchanges open for withdrawals and deposits, in USDT; each cell shows “fee (minimum withdrawal)”:
| Network | Binance to Gate | Gate to Binance |
|---|---|---|
| BEP20 (BNB Smart Chain) | 0.01 (min 2) | 0.5 (min 1) |
| Plasma | 0.012 (min 5) | 0.05 (min 1) |
| opBNB | 0.015 (min 5) | 0.05 (min 1) |
| Kaia | 0.02 (min 5) | 0.5 (min 1) |
| Optimism | 0.04 (min 3) | 0.05 (min 1) |
| Avalanche C-Chain | 0.04 (min 5) | 0.1 (min 1) |
| Polygon | 0.07 (min 5) | 0.05 (min 1) |
| Aptos | 0.1 (min 3) | 0.04 (min 1) |
| Solana | 0.3 (min 5) | 0.5 (min 1) |
| TON (Memo required) | 0.3 (min 3) | 0.3 (min 1) |
| Arbitrum One | 0.4 (min 3) | 0.05 (min 1) |
| ERC20 | 0.4 (min 5) | 1 (min 1) |
| TRC20 | 1.5 (min 5) | 1.5 (min 10) |
The data was read on 2026-10-17 from the Binance deposit and withdrawal fee page and the deposit/withdrawal tab of the Gate fee page; Celo, Polkadot Asset Hub, Tezos, NEAR and KAVA EVM are also open on both. Withdrawal fees change with on-chain conditions, so go by the amount shown on the withdrawal page before you confirm.
What stands out with this pair is that the cheapest network is different in each direction. From Binance, BEP20 costs only 0.01 USDT; from Gate, BEP20 costs 0.5 USDT, while Aptos costs 0.04 USDT, and Arbitrum One, Polygon, Optimism, opBNB and Plasma all cost 0.05 USDT. Take a round trip: sending 1,000 USDT from Binance to Gate and back costs 3 USDT if both legs use TRC20, or 0.05 USDT if you go out on BEP20 and come back on Aptos, a 60-fold difference. If you want the same network in both directions, Plasma (0.062 USDT in total) is the cheapest. Pick a network that matches on both sides; choosing the wrong one may mean your funds are lost permanently (Binance withdrawal fee guide). For the full fees across networks at 13 exchanges, see the USDT withdrawal fee comparison.
Who is Binance or Gate right for?
- Beginners who mainly buy spot: choose Binance. With BNB, 0.075% is lower than GT’s 0.09%; if you forget the referral code, you can still add it yourself within 30 days as long as you haven’t deposited, while on Gate a wrong code can’t be fixed.
- Futures traders who often place market orders (VIP 0): choose Binance for the first year. The rate is 0.05%, the same as Gate, and BNB lowers it to 0.045%, while GT doesn’t discount futures; at 200,000 USDT of futures volume a month, you save 10 USDT.
- Planning to trade futures long term: choose Gate. Binance’s futures rebate usually stops after 12 months, while Gate’s rebate has no time limit, and a rebate of 10% makes it cheaper than Binance with BNB; with 40,000 USD or more in your account, you can also go straight to VIP 5.
- Trading lesser-known coins, or wanting options and stock futures: choose Gate. It has 2,052 spot coins, 4 times as many as Binance, plus 402 stock futures, delivery futures and options.
- Frequent travelers, or living in Japan, Korea or Southeast Asia: choose Binance. Gate’s restricted list includes Japan, South Korea, Singapore, Thailand, Vietnam, Indonesia and the Philippines, and perpetual futures aren’t available in those regions; Binance’s list is much shorter.
- Caring about reserve transparency and a protection fund: choose Binance. It publishes a reserve snapshot on the 1st of every month, and SAFU holds 15,000 BTC; Gate’s reserve ratio is higher, but it doesn’t state an update frequency, its page showed no figures on 2026-10-17, and it hasn’t published the size of its protection fund.
Many traders use both: major-coin spot and their main futures on Binance, lesser-known coins or stock futures on Gate, which also spreads the risk of a single platform suspending withdrawals. When moving USDT between the two, remember to use different networks going out and coming back.
How we checked the data in this article
Fees, identity verification, and the rules for adding and switching referral codes were checked against both exchanges’ official help centers and fee pages. Gate rates, USDT withdrawal fees, spot coin counts, futures counts, leverage caps, funding settlement intervals and P2P ad counts are figures read from official pages and public APIs on 2026-10-17; Gate VIP thresholds are from 2026-10-11; reserve figures come from each exchange’s most recently published report; security incidents were cross-checked against official announcements and news reports. Our method is described in how we compile rebate data, and the disclosure for referral links is in our referral and rebate disclosure.
FAQ
Which has lower fees, Binance or Gate?
At VIP 0 without platform tokens they’re the same; with platform tokens, Binance is lower. Both charge 0.1% on spot, and both charge 0.02% Maker and 0.05% Taker on USDT perpetual futures; with the BNB discount, Binance spot is 0.075% and futures Taker 0.045%, while GT only lowers Gate spot to 0.09%. If you have 40,000 USD or more in your account, you reach VIP 5 on Gate through assets alone, with a futures Taker of 0.045%, the same as Binance with BNB.
Can I use Binance and Gate at the same time?
Yes. They are different companies, so you just sign up and verify your identity on each. The restrictions apply within one exchange: on Binance each person can have only one verified main account, and Gate’s user agreement prohibits using multiple accounts. Enter the referral code when you sign up on each; moving USDT from Binance to Gate over BEP20 costs 0.01 USDT, and Aptos costs 0.04 USDT in the other direction.
Should users in Taiwan pick Binance or Gate?
The conditions for using them in Taiwan are about the same, so the choice comes down to how you trade: Binance for major coins and regular futures, Gate for lesser-known coins and stock futures. Taiwan is not on either exchange’s list of restricted regions, and both apps can be found on the Taiwan App Store; neither has direct New Taiwan dollar deposits, so on both you first buy USDT on a Taiwanese exchange and transfer it over.
Which is safer, Binance or Gate?
No exchange can be called absolutely safe; what you can compare is track record and transparency. Binance lost 7,000 BTC to a hack on 2019-05-07, covered in full by SAFU; under this site’s inclusion criteria, we found no major public incident of a Gate platform wallet being hacked. On reserves, Binance’s 2026-10-01 snapshot shows BTC at 100.35%, published on a fixed monthly schedule; Gate’s latest announced snapshot, 2026-08-19, shows BTC at 122.79%, but Gate doesn’t state an update frequency and hasn’t published the size of its protection fund.
Which referral code gives a bigger rebate?
For the current rates, see the comparison table and calculators above, which update in sync with the exchanges. On the rules, the rebate from a Gate affiliate referral code has no time limit and only stops at VIP 11 or above; Binance’s futures rebate usually lasts only 12 months, stops at VIP 3 or above, and the official cap on the invitee rebate is 20%. Both charge 0.05% for futures Taker, so the rates can be compared directly; to be cheaper than Binance’s 0.045% with BNB, Gate’s rebate needs to be 10% or more.
Which network should I use to send USDT from Binance to Gate?
From Binance to Gate, choose BEP20, at 0.01 USDT; from Gate back to Binance, choose Aptos, at 0.04 USDT (2026-10-17). A BEP20 withdrawal from Gate costs 0.5 USDT, so don’t reuse it for the return trip; TRC20 is 1.5 USDT on both. For small amounts, watch the minimum withdrawal: Binance BEP20 requires at least 2 USDT, most Gate networks at least 1 USDT, and TRC20 on Gate 10 USDT.
I’ve already signed up. Can I still add a referral code?
On Binance, yes, under certain conditions; on Gate, no. A Binance account within 30 days of sign-up, with no deposits or trades and no referrer, can add a code on the referral binding page; if you’ve traded but have no referrer, an affiliate can submit a switch request. We found no official Gate process for adding or changing a referrer after sign-up, and the claim online that “you can bind within 7 days” refers to Gate Wallet, not the exchange account.
Which has higher futures leverage, Binance or Gate?
Gate: up to 200x on BTC and ETH, against 150x on Binance (official data, 2026-10-17). The difference only matters for BTC and ETH, since most contracts on both exchanges are capped at 50x or below; on Binance, the futures account is limited to 20x for the first 30 days after it’s opened. At 200x, a move of only about 0.13% against you on BTC is enough to get liquidated.
To sign up directly, see the Binance referral code and the Gate referral code; rate details are in Binance fees and Gate fees; if you already have an account, the switching rules are in switching your Binance referral code and the guide to switching your Gate referral code. Each exchange’s effective fee after the rebate is listed in actual fees after referral code rebates, which exchange has the lowest fees is in the low-fee exchange comparison, and how much you can save in a year is in how much a referral code rebate can save you; for referral codes and rebates at other exchanges, see the exchange referral code roundup. To compare other pairs, see Binance vs OKX, Binance vs Bybit, Binance vs Bitget, Binance vs MEXC and MEXC vs Gate.