With the rising popularity of a range of crypto-related assets, it’s only logical that cryptocurrency exchanges would improve their game and provide a larger selection of currencies for trading and swapping.
Gate.io, Being one of the oldest cryptocurrency exchanges it is obvious that it provides a wide variety of crypto assets. You can buy, sell and trade over 1300 cryptocurrencies including bitcoin, Ethereum, and more! With more than $1.65 billion daily trading volume as of March 2022.
This guide will help you learn about the security, guides, and features of Gate.io. to get started.
|Official Web Address||https://www.gate.io/|
|Headquarters||George Town, Cayman Islands.|
|Trading Options||Spot, derivative,P2P market, Buy crypto and copy trading.|
|Trading fees||Maker 0.2%, Taker 0.2%.|
|Native Token||$GT – Gate Token|
|Deposit methods||Credit card and Bank transfer|
|Deposit fees||No fees|
|Withdrawal methods||Enter withdrawal address|
|Withdrawal fees||Depending on the cryptocurrency|
|Supported Fiat currencies||No|
|Mobile App||Google Play, App store|
|Customer Support||24/7, Email, Live chat, submit a request.|
Founded in 2013. Gate.io is a china based company founded by Lin han. The headquarters is located in George Town, Cayman Islands. The exchange offers its services in more than 224+ countries with 80+ million worldwide users.
Gate is a centralized cryptocurrency exchange operated by Gate Technology Inc with a variety of trading options and coins.
The platform stands out to be a complete crypto exchange with a fiat mode of payment. The exchange provides good trading quality services to its users.
The exchange is also available in different languages including English, Japan, Korean and Turkey. 24/7 live chat facility available to all its users and various guides in FAQ section.
With regards to the security data breaches in 2019, the security concern towards this exchange is still questionalble. But, it is also fact, there were no other issues recorded after that.
A hacker has stolen thousands of dollars worth ETC.
The exchange offers a variety of security measures like Cross-cryptocurrency address technology, where the same address is used for the same type of cryptocurrencies.
For example : ETH and ERC-20 tokens have the same deposit address.
Hot and Cold wallet storage solution – Most of the users funds are stored in offline cold wallets to ensure the safety of the account and quick withdrawals. Only a little amount of funds are stored in hot wallets for liquidity.
Multi-signature security protection technology – You are required to enter the verification code for withdrawing assets and for backup of regular wallets.
The assets can be restored at any time. It has also set up real time asset sending and receiving technology to ensure that assets appear on time.
Additional features like additional password for withdrawals, Anti-phishing algorithms, monitor IP logins, and two-factor authentication.
Gate charges no fees for registration and deposits. Withdrawal fee depends upon the currency you want to withdraw.
In the spot market the fee charged for maker and taker is 0.2%. In the futures markets the maker fee is 0.00% and taker fee is 0.050%.
For transaction fees the gate follows a VIP tiered system. As the trading volume and gate token holdings increase, the fee decreases. There are 16 VIP levels and it charges standard maker and taker fee level.
For more information visit Gate.io fee.
The exchange supports 1000+ cryptocurrencies and 2000+ crypto trading pairs.
Some of the major cryptocurrencies include :
Some of the popular trading pairs on Gate.io
Gate.io offers its services over 224+ countries. However Use of the service by users from the United States of America, Mainland China, Canada (limited to the provinces of Ontario and Quebec), Singapore, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, 6 Venezuela, Crimea region, Bangladesh, Bolivia, Ecuador, Kyrgyzstan is prohibited.
In addition, any users in Hong Kong, China, UK (retail users only), Netherlands, Germany, France, Lithuania, Italy are prohibited from using products and services provided by this exchange website other than the spot trading.
The exchange has launched its own mobile app for android and IOS users. You can download it from Google play and App store for free.
For Android users, File size is 180MB. Requires android 5.0 and up. Rated 3+.
For IOS users, File size is 398.8 MB. Requires IOS 10.0 and higher. Rated 9+.
KYC is necessary for withdrawals and to have access for better features on Gate.io
5. Now confirm the withdrawal
6. Now you can check your withdrawal status in ‘Recent Withdrawals’.
4. After clicking ‘BUY USDT’/SELL USDT in the second method. Enter the buy amount. Click ‘Confirm & create’.
5. Enter your funds password and ‘confirm the order’.
According to the trustpilot review the exchange has an overall rating of 2.4/5
Most of the users’ comments were about technical support is not adequate, easy trading, no support from customer support team, easy transfers with P2P trading platform, late withdrawals, and many more.
|Total Trust score||7/10|
Except for Washington and Newyork, other US citizens can use spot trading.
No, Gate.io is not a regulated exchange.
It is free for individual users to trade on P2P. For merchants the trading fee charged is 0.2%. VIP clients will get additional discounts on trading fees.
The processing time may be anywhere from half an hour and 12 hours.
Gate.io is considered to be one of the oldest and top 10 exchanges world-wide. The exchange has a variety of features and trading pairs for its users.
Also involved in NFT markets, and leverages. From this review it is clear that it has a diverse range of altcoins and services.
The only drawback of the platform is it is not a regulated exchange and the team is anonymous. This will indirectly make the users think before entering the platform. Overall it is a pretty good exchange to trade for.
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