Gate.io is one of the oldest cryptocurrency exchanges that offers a wide range of cryptocurrencies for trading, including bitcoin and Ethereum, with a daily trading volume of over $5.79 billion and 12+ million users as of Mar 2023. We will examine the platform’s features, fees, and user experience to provide an overall rating of Gate.io
| Official Website | https://www.gate.io/ |
| Founding Year | 2013 |
| Head Quarters | Cayman Islands |
| Trading Volume | $930 Million |
| Trading Options | Spot, Margin, P2P, Leveraged, NFTs, etc |
| Trading fees | Maker fee – 0.20%, Taker fee – 0.20% |
| Total listed Coins | 1400+ |
| Trading Pairs | 2500 |
| Supported fiat | 81 |
| Withdraw options | ERC, TRC, BEP2, BEP20 |
| Bank withdrawal Supported | Yes |
| Withdraw fees | The network fee for Crypto withdrawal |
| Deposit methods | Bank Transfer, Debit/ credit cards |
| Restricted countries | 7+ |
| Native Token | GT (Gate Token) |
| Mobile app | Yes |
| Support Channel | https://www.gate.io/help |
| Coinpedia rating | 8/10 |
| Security rating | 8/10 |
| User Interface | Easy to use |
| Ease to set up | Easy |
| App store Rating | 3.4 |
| Play store Rating | 4.4 |
| Security | Secured |
| Hacking attempts/Hacks | Hacked in 2014 |
| KYC verification duration | 3-5 days |
| Regulation & Compliance | Compliant |
| Liquidity | High |
| Proof Of Reserve | https://www.gate.io/proof_of_reserves |
Gate.io is a cryptocurrency exchange that has consistently ranked among the top exchanges in the world. The exchange was founded in 2013 by Lin Han in China. Its headquarters is currently located in the Cayman Islands.
The exchange offer spot, margin, derivatives, ETFs, and perpetual tradings with a trading fee of 0.20%. It also offers copy trading and bot trading where you can copy the strategies of top gainers and implement them into your trading strategy.
Gate.io has currently 12 million users with more than $5.79 billion in trading volume. It is active in more than 224 countries and has 1400+ cryptocurrencies on its platform.
Timeline
| 2013 | Gate.io was launched |
| 2017 | Establishes Research Institute |
| 2018 | Launches wallet.io |
| 2019 | Officially launches Gate Chain |
| 2020 | Announces DeFi Ecosystem Development |
| 2021 | Officially Launches NFT Magic Box |
| 2022 | Surpasses 10 million global users |
The exchange offers more than 1400 cryptocurrencies on its platform. Some of the popular cryptocurrencies are
Let us learn how to create an account on Gate.io
Some of the key benefits of having KYC include as mentioned below
KYC – 1 (Basic verification)
KYC – 2 (Advanced verification)
KYC- 3（Address verification）
Let us learn to buy cryptocurrency
Let us learn to sell cryptocurrency on Gate.io
Let us learn how to deposit cryptocurrency on Gate.io
Let us learn how to withdraw cryptocurrency from this exchange
There are no deposit charges for depositing crypto. However, withdrawal fees are applicable and vary depending on the cryptocurrencies.
The exchange follows a VIP level for calculating the trading fees. The users with more 30-day trading volumes are automatically upgraded to the respective VIP levels and enjoy a discount on trading fees. But users who hold and pay in GT (Gate Token) are given an additional discount in trading fees.
The exchange supports 81 fiat currencies including USD, EUR, GBP, INR, QAR, etc
The maker and taker fee is 0.20% for a new user.
| Tier | 30-day Volume | Maker / Taker (GT Debit) | Maker / Taker (VIP) |
| VIP 0 | 0 USD | 0.15% / 0.15% | 0.2% / 0.2% |
| VIP 1 | 60,000 USD | 0.139% / 0.146% | 0.185% / 0.195% |
| VIP 2 | 120,000 USD | 0.131% / 0.139% | 0.175% / 0.185% |
| VIP 3 | 240,000 USD | 0.124% / 0.131% | 0.165% / 0.175% |
| VIP 4 | 500,000 USD | 0.116% / 0.124% | 0.155% / 0.165% |
| VIP 5 | 1,000,000 USD | 0.109% / 0.116% | 0.145% / 0.155% |
| VIP 6 | 3,000,000 USD | 0.101% / 0.109% | 0.135% / 0.145% |
| VIP 7 | 8,000,000 USD | 0.07% / 0.101% | 0.125% / 0.135% |
| VIP 8 | 20,000,000 USD | 0.06% / 0.094% | 0.115% / 0.125% |
| VIP 9 | 50,000,000 USD | 0.05% / 0.086% | 0.105% / 0.115% |
| VIP 10 | 100,000,000 USD | 0% / 0.058% | 0.095% / 0.105% |
| VIP 11 | 120,000,000 USD | 0% / 0.045% | 0.085% / 0.095% |
| VIP 12 | 240,000,000 USD | 0% / 0.037% | 0.075% / 0.085% |
| VIP 13 | 440,000,000 USD | 0% / 0.03% | 0.065% / 0.075% |
| VIP 14 | 800,000,000 USD | 0% / 0.025% | 0.055% / 0.065% |
| VIP 15 | 1,600,000,000 USD | 0% / 0.022% | 0.055% / 0.065% |
| VIP 16 | 3,000,000,000 USD | 0% / 0.02% | 0.055% / 0.065% |
With more than a 4.4-stars rating Gate.io Mobile app is suitable for both beginners and advanced traders for cryptocurrency investment and trading. The app is simple and easy to use. Anyone can create an account and start trading within a few hours. It is available both on Apple and Google Play stores.
Gate.io offers a referral program where you can earn a 40% trading fee commission. All you have to do is to invite your friends with the referral link and after they make the first trade you will start receiving a commission. The referee will get $50 back and $5500 USDTest right after their first trade!
Affiliate Program – Here you can get 60% commission on Spot & Futures trading and 10% on sub-affiliates’ total commission.
Influencer Program – If you are a content creator then you can join this program where the referral bonus is $10 per user.
It has a dedicated help section where you can browse a variety of topics and find answers to your queries. You can also raise an email ticket for your queries if you are not happy with the help section. For emergency and urgent queries, you can chat live with customer support.
Oct 2022 – Hackers compromised the official Twitter account of Gate.io and tweeted fake giveaways asking users to connect their wallets with a suspicious link. However, the security breach was detected early and it avoided a mishap.
April 2021 – The PAID network was compromised and users lost digital assets. Gate.io compensated the users following the hacking event.
Jan 2019 – Hackers attacked the exchange and stole $275,000 worth of digital assets. Miraculously they returned $100,000 back to the exchange. The exchange claims that this is a White Hacking event
April 2018 – The exchange was hacked by South Korean Hackers and stole $230 million worth of digital assets. The exchange did not confirm this hack in public
With more than 1400 cryptocurrencies with a nominal trading fee of 0.20%, Gate.io is definitely a good exchange for both beginners and advanced traders. It has good trading volume and provides high liquidity to the market. Gate Token (GT) is the native token of the Gate Chain ecosystem. Gate.io give additional discounts on trading price if users are holding Gate token in their account.
The trading price is nominal and discounted trading price is given for high-volume traders and Gate Token Holders. It offers many earning programs where one can earn passively. All you need to do to achieve that is to select investment products after your own research.
The customer support is good and your queries can be solved within 24-48 hours time. However, many users report delays in customer service. The exchange has been hacked many times and is under severe scrutiny by the public. Do your own research before you invest in this exchange
The founder Lin Han announced that it has obtained licenses from various states in the U.S. and is likely to launch services next year in the U.S.
The exchange has been hacked several times in the past and hence the security of the exchange is highly questionable
No, In order to access the full features of the account with increased buying and deposit limits, you need to verify your identity by providing necessary documents like a passport, government-issued photo ID, selfie photo, etc
The gate.io has a simple user interface with more than 1400 cryptocurrencies. It has got a nominal trading fee of 0.20%. However, the overwhelming amount of cryptocurrencies can be a headache for beginners. We recommend that beginners start trading with popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc.
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