Despite much turbulence experienced over the past years, cryptocurrencies still have made a big stride in financial market around the world. However, with more and more crypto exchanges emerging under the backdrop of rapid development of digit assets, investors usually be confused when also deciding in between the several crypto exchanges which have similar benefits features, and especially for novice investors.
This article is gonna to compare BTCC and Gemini, two leading exchange in the industry, to help investors make right decision between them, thus setting a good start for traders in their crypto trading process.
Key takeaways
BTCC: with a single mission by providing a regular fair trading platform which is reliable in every sense, BTCC also striving to uplift actual industry’s standard for quality trading. Since its inception in 2011, BTCC has enjoyed good reputation for its industry-leading security and excellent service. This platform may be a better choice for those looking safe trading process and good service experience.
Gemini: founded in 2014 by American twins, Cameron and Tyler Winklevoss, Gemini is one popular cryptocurrency exchange platform in the world. As a beginner-friendly crypto exchange, Gemini makes it easy for newcomers to get started in crypto trading. For thoses seeking ease of use, Gemini is a suitable choice.
BTCC vs Gemini
Next, we will compare BTCC vs Gemini based on factors such as supported cryptocurrencies, fees, security, customer service, service scope and ease of use. We believe this comparison is beneficial for traders who face difficulties in making choice for crypto trading.
| BTCC vs. Gemini | ||
| BTCC | Gemini | |
| Supported Cryptocurrencies | 300+ | 80+ |
| Fees | Compared with other major crypto exchanges, the fees charged through BTCC, which is relatively low. Like only charging 0.06% for both takers and makers | Gemini’s fee structure may be too big a downside for those who are just getting started in crypto, although wire transfer deposits are free, any deposit from a debit card would generate a 3.49% fee; traders using the web or mobile app are required to pay a “convenience fee” of 0.5% |
| Security | Boast impressive security along with no reported hacks and security breaches to date | Industry-leading security with security practices like two-factor authentication; investors should be reminded that in 2022, Gemini suffering from a breach of data which reportedly 5.7 million emails were leaked |
| Customer Service | Offer 24/7 excellent customer service via email and live chat | Customer support needs further improvement due to the lack of a customer service phone number and other significant customer service options |
| Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Be available in 60+ countries, including all 50 U.S. states |
| Ease of Use | Intuitive interface, easy for both newcomers and experienced traders | Provide a single beginner-friendly platform along with robust educational resources, also turning it a good choice for brand new crypto investors who are learning the ropes |
Conclusion
After comparison,it is clear that both exchanges are friendly for beginners to get started in crypto trading. However, as one of the longest-running exchanges in the world, BTCC stands out in some major aspects, like tradable coins, security, fees, customer service, etc. For most investors, whether beginners or more experienced ones, BTCC may be a better choice.
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