Gate.US is a new cryptocurrency exchange that has the potential to become a major player in the US crypto exchange market. It is the US arm of the global exchange, Gate.io, which is one of the largest exchanges in the world by trading volume. In this article, we will explore the key features of Gate.US and provide an overview of its plans for the future.
Who Can Use Gate.US?
Gate.us has not yet launched and there is currently no official launch date. The website, which launched in March 2022, simply states that it is "coming soon". While Gate.US Inc has been making progress in obtaining licenses in various states, there is limited information available about the features, number of coins, and other details. It is not yet clear what the platform will offer or when it will be available to users.
Latest Developments & Licenses
Gate.US has recently obtained operating licenses in several US states, including Arizona, Georgia, and Mississippi. The exchange has also received written confirmations from other states indicating that it does not require a license to operate there. In the future, Gate.US plans to obtain approvals and licenses in more US states before commencing services and accepting new users.
What States Will Gate.US Be Available In?
According to recent announcements, Gate.US will be available in Arizona, Georgia, and Mississippi. It will not be available to residents in New York, Hawaii, and Puerto Rico. The platform has also received written confirmations from other states indicating that it does not require a license to operate there. However, it is not yet known which additional states will be supported by the platform in the future.
Why Is Gate.US Relevant?
Gate.US is relevant because it is a new cryptocurrency exchange specifically designed for U.S customers. It aims to offer both retail and institutional services, with a focus on compliance and security. With a global parent company that is one of the largest exchanges in the world, Gate.US has the potential to become a major player in the US crypto exchange market.
Gate.US Features
So far, we know that the platform is focusing on compliance in the US and will offer some number of cryptocurrencies to trade. We can also speculate it will offer features similar to its competitors, such as Binance.US. Binance.US offers 130+ coins to trade, staking for 20+ coins, and free US deposits and withdrawals.
It is possible that Gate.US will offer similar features, but this has not yet been confirmed. We will have to wait for the official launch of the platform to learn more about its features and services.
Gate.US vs. Gate.io
As one of the largest exchanges in the world by trading volume, Gate.io offers a wide range of features and services for its users. This includes over 1,400 altcoins, derivatives trading, earn accounts, staking, lending, advanced trading tools, and support for NFTs.
However, it is highly unlikely that Gate.US will have nearly as many features or altcoins due to increased regulation in the US. We don't know what features or how many cryptocurrencies Gate.US will support. However, it's very likely that it will be a smaller selection than Gate.io and without derivatives trading and lending. Despite these limitations, we know that Gate.US is focused on compliance and security.
Best Gate.US Alternatives
In the meantime, here are high quality, low-cost trading platforms for US customers.
Best Gate.US Alternatives
1. Binance.US
- Best Fiat On/Off Ramp
Binance.US is a cryptocurrency exchange specifically designed for US traders. It offers 130+ cryptocurrencies with some of the lowest trading fees and spreads in America. BTC and ETH pairs have 0% while other coins have a 0.40% to 0.60% maker/taker fee or less.
They also offers free US deposits and withdrawals, advanced trading, and staking for 20+ cryptos. While Binance.US (or any centralized exchange) doesn't replace a crypto wallet, it is considered safe is headquartered and regulated in the USA. It operates separately from Binance international.
Overall, Binance.US is a good choice for Americans who want a low cost fiat on/off ramp to trade popular cryptocurrencies.
2. KuCoin
- Best for Altcoins & Features
If you want the most altcoins and features that aren't available on US exchanges, MEXC will be your best Binance alternative since it has 1,700+ altcoins, zero spot trading fees, up to 200x leverage, and high liquidity. It's also one of the largest crypto exchanges in the world by derivatives trading volume.
The downside is MEXC blocks US IP addresses and is unregulated. You need to use it at your own risk with a VPN like AtlasVPN.
All this aside, MEXC has 10 million users, more features than US-based crypto exchanges, and lets you sign up in 30 seconds with just an email address. Users can withdraw up to 30 BTC every day without KYC making it very easy to get started. Use the link below to get up to a $1000 welcome bonus.
3. Kraken
- Best Runner Up
With over 120+ cryptos, USD funding and withdrawals, and high trading volume, Kraken is a great Binance.US alternative for American investors needing a high-quality crypto exchange.
Kraken has a maker/taker fees of 0.16%/0.26%, has good trading volume, and offers many advanced trading features, staking, and more.
When it comes to safety, Kraken has been operating since 2011 and is considered one of the best right behind Binance and Coinbase. It is based in California and is regulated in every country it operates in, including the United States.
FAQ
What Is The Difference Between Gate.io and Gate.US?
Gate.io is a global cryptocurrency exchange offering a wide range of features and services, including over 1,400 altcoins and support for derivatives trading. Gate.US is the US arm of Gate.io, specifically designed for US traders. It is not yet known how many coins the US platform will offer or what other features it will have, but it is likely to be subject to increased regulation in the US.
Can You Use Gate.io in the USA?
No, you cannot use Gate.io in the USA. The USA is a restricted country for the global cryptocurrency exchange. While some people have tried using VPNs to access the platform, this is not recommended as it is against the platform's terms of service and may result in your assets getting locked.
