Gate
PhemexIn short: the difference
First in the pair, Gate, is an exchange with thousands of pairs. On the market since 2013, jurisdiction: Panama, its own GT token.
Second in the pair, Phemex, is a venue built for leveraged trading. On the market since 2019, jurisdiction: Samoa.
What Gate gives you
The terminal is strong on contracts, but Gate has its own ground: One of the oldest venues, running since 2013, and first in our coverage for withdrawal networks: twenty-four for USDT alone. Two thousand spot pairs and a thousand perpetuals. There is P2P, savings and staking, Startup launches, copy trading, bots and its own GT token with fee discounts.
Strong sides: 24 USDT withdrawal networks, more than anyone, 2000 spot pairs, running since 2013.
What Phemex gives you
Against an early-listing venue, Phemex plays a different game: A derivatives venue founded by people from bank trading desks. A hundred and fifty spot pairs and a hundred and twenty perpetuals, each with its own funding rate. There is savings, copy trading and trading bots. The book is even and the data is served openly, which makes its prices sound to compare with other venues.
Strong sides: an even book, open data, the funding interval stated per contract.
What decides it
- Age. Gate has run since 2013, Phemex since 2019 — a gap of 6 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
- Jurisdiction. Gate sits in Panama, Phemex in Samoa. It shapes both the checks you pass and what the venue has to disclose.
- Native token. GT on Gate cuts fees and opens launches; Phemex has no such lever.
- Strengths side by side. Gate: 24 USDT withdrawal networks, more than anyone, 2000 spot pairs, running since 2013; Phemex: an even book, open data, the funding interval stated per contract.
- Which job. Gate is for anyone who values freedom of choice when moving coins between chains, while Phemex is as an additional venue in cross-exchange routes and funding.
- Worth remembering. Gate: the interface is dense with sections: finding the right one takes a while. Phemex: a narrow listing next to the Asian venues.
Which one fits you
Gate — for anyone who values freedom of choice when moving coins between chains.
Phemex — as an additional venue in cross-exchange routes and funding.
What people ask most
Gate: What does the GT token give me? A fee discount and access to exchange programmes, including early sales.
Gate: Are there many coins? One of the widest listings on the market, comparable to MEXC. As there, breadth calls for caution: check a pair's volume before trading.
Phemex: Why is Phemex absent from your transfers section? It publishes the network list but not withdrawal fees — its directory has no field about cost at all. Showing networks without the price of moving is pointless.
Phemex: Does Phemex have its own token? No, it has no exchange token.
Both at once
Keeping both costs less than it seems: signing up is free, and a choice of two quotes usually beats one. The coin is bought where it already trades, moved across and shorted with a contract on the other — that locks the price while the transfer runs.
Live numbers
The figures above do not come from marketing pages: we compute them from the same market snapshots as the rest of the site. Gate and Phemex can be compared on facts rather than promises.
What the numbers say
Gate gives 13.9× the choice on spot: 2,082 USDT pairs against 150. The futures list runs longer on Gate: 1,022, against 123. Only Gate gives a measurable USDT withdrawal: 0.0500 over ARBITRUM. Of the pair, only Gate feeds our P2P scanner, 72 currencies.
Snapshot from 30 September 2026; on the page the figures refresh on every visit.
