Cryptocurrency Exchange

Gate.io Review – The Complete Guide To Gate.io Exchange

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As the Crypto space is growing rapidly, there are numerous exchanges hitting the platform. Choosing the best exchange is a challenge.

Gate.io exchange comes with advanced trading features to help you trade profitably, also it is one of the great platforms for margin trading with 10x leverage. 

So, if you have any plans of using Gate.io crypto exchange, this article is a must-read for you, where we will give you a complete guide of its features, fees, pros, cons, and much more.

Table of contents

Overview

Legal NameGate.io Exchange
HeadquartersVirginia, United States
CEOLin Han
Year Founded2017
Exchange TypeCentralized
Trading Fees: Maker0.20%/ Taker: 0.20%
Deposit MethodsCryptocurrency
Supported Cryptos200+ cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more
FiatNo
Customer ServiceEmail
Trading OptionsSpot Trading, Margin Trading

What is Gate.io Exchange?

Gate.io is a Chinese-based exchange that was founded by Lin Han. Previously the exchange was called Bter.com. However, it was then rebranded to Gate.io in the year 2017.

Gate.io is operated by Gate Technology Inc. The platform is available in different languages including English, Chinese, Japanese and Korean. The exchange offers access to a wide variety of cryptocurrencies.

Gate.io Features:

Trading Platform: It is relatively easy to navigate the different sections of the platform. The site incorporates a number of functional features such as an order book, trading history, and charting.

Security: There are multiple ways users can secure their accounts, and the platform has many built-in security mechanisms. The client accounts are secured by using two-factor authentication and a combination of passwords.

Customer Support: There is a support section provided that seeks to answer the most common questions via an FAQ feature and a new user guide. Users can also submit tickets in order to discuss more specific issues with the support team.

Mobile App: Gate.io provides a native mobile application that is available free to download for both iOS and Android users.

How to register on Gate.io?

Step 1: Navigate to the Official Website and click “SignUp” on the top right corner on the homepage.

Step 2: Enter your username, email address and choose a strong password.

Step 3: Enter the captcha code and then click on the “Create Account” Option

Step 4: Fill the signup form on the right side of the page to create your account.

Step 5: Check your email inbox for the verification email from gate.io and activate your account.

How to recover the Gate.io password?

Step 1: Click “Forgot Password?” Option on the login panel

Step 2: Enter your email address for this account and solve the captcha and then submit

Step 3: A resetting email will be sent to your inbox.

Step 4: Change your password with the resetting link in the email.

How to deposit on Gate.io?

Step 1: Go to the Wallet page and search for the coin you are going to deposit.

Step 2: Click the Deposit button to access the deposit page, where you can see the deposit address.

Step 3: Transfer to that address according to deposit instructions. Your transaction will be credited after a required minimum number of confirmations.

How to withdraw on Gate.io? 

Step 1: Go to the Wallet page and search for the coin you are going to withdraw.

Step 2: Click the Withdraw button to access its withdrawal page.

Step 3: Fill the form which includes all the details and clicks “submit request”.

How to buy cryptocurrencies on Gate.io?

Step 1: Go to the trade page (Home> Trade). In this example, we will select ONT/USDT

Step 2: Enter your desired price on the Price field and the amount on the Amount field.

Step 3: Now click the Buy button.

Step 4: A dialogue will pop up to remind you to check the price and amount again. Enter your fund password after checking and place your order.

Step 5: Your order will appear in the order Tab below the form.

Step 6: Once the order is completed, your funds will be credited to your balance.

How to sell cryptocurrencies on Gate.io?

Step 1: Go to the trade page (Home> Trade). In this example, we will select ONT/USDT

Step 2: Enter your desired price on the Price field and the amount on the Amount field.

Step 3: Now click the Sell button.

Step 4: A dialogue will pop up to remind you to check the price and amount again. Enter your fund password after checking and place your order.

Step 5: Your order will appear in the order Tab below the form.

Step 6: Once the order is completed, your funds will be transferred from your balance.

Gate.io Fees and Limits:

Deposit and Withdrawal Fees:

Gate.io charges nil deposit fees from its users.

A competitive blockchain network fee is charged from consumers who want to withdraw funds from the Gate.io crypto platform is determined by the prevailing market (time-limited markets) conditions at that particular time.

Withdrawal fees differ for every individual asset. For example, a withdrawal fee of 0.0005 BTC is charged when users withdraw Bitcoins from the exchange. Thus, the fee structure of Gate.io is quite competitive than the industry standard, as the industry average is approximately around 0.0008 BTC per Bitcoin withdrawal.

Gate.io Trading Fees:

The trading fees structure at Gate.io differs for spot markets and margin trading markets. Accordingly, the spot trading fee charged per transaction at Gate.io is 0.2%, which reduces as the trading volumes increase. 

However, Gate.io users can pay the trading fees using the Gate.io tokens (GT) to receive a discount of 25%. Again, there is a separate fee structure; the trading fee for the futures market is based on the maker-taker fee model, which is 0.025% and 0.075%, respectively. This maker-taker fee structure is again lower than most of the world’s leading margin trading platforms.

Gate.io Supported Cryptocurrencies:

The Exchange supports over 200+ cryptocurrencies. Some of the major ones include:

  • Bitcoin (BTC).
  • Bitcoin Cash (BCH).
  • Ethereum (ETC).   
  • Litecoin (LTC)         
  • Ripple (XRP).
  • Bitcoin Gold  (BTG). 
  • Augur (REP).
  • Tether (USDT).
  • Monero (XMR).
  • Zcash (ZEC).
  • Cardano (ADA).
  • Cosmos (ATOM).
  • Qtum (QTUM).
  • Tezos (XTZ).

Gate.io Mobile Application:

The exchange can be downloaded from both the App Store and Google Play. This application allows users to trade, access wallet, fund account, receive notifications and check transaction history on the go. Apps pleasing design further simplifies crypto trading with your smartphone.

Gate.io Referral Commissions and Other Services:

Gate.io Affiliate Program.

This exchange is offering exciting rewards via its affiliate program. By becoming a Gate ambassador, one can earn 30% commissions. Use your affiliate code to recommend gate.io to your friends. When they sign up using your referral code, they get 10% off on all their trading fees for 12 months and you receive 30% of all their trading fees for 12 months.

Steps to take part in Gate.io Affiliate Program.

  1. log in to Gate.io account.
  2. Go to the My Referrals page ( Wallet > My Referrals ).
  3. Copy the referral link or click the QR code to download the code.
  4. Share your referral link or QR code with your friends.

Notice: Your account needs to be older than 1 day before you can invite other people.

 Is Gate.io Safe and Secure?

Yes, Gate.io Exchange is one of the safe exchanges available since there have been no hack events since its inception. It protects users assets with the following advanced features:

  • Two-factor authentication (2FA) with Google Authenticator.
  • Additional fund withdrawal password.
  • Anti-Phishing algorithms.
  • Monitors IP logins.

Hence, it is one of the trustworthy exchanges.

Conclusion:

It is evident from our review that Gate.io is an exceptional platform for trading a diverse range of altcoins available in the market. It also offers investors 10x margin trading, perpetual contracts, and even financial services like Margin Lending, Borrowing, or Periodic Investment Plans.

Gate.io FAQ:

1. Can US Citizens Use Gate.io?

The Gate.io exchange only allows citizens of 49 states within the US to participate in the spot crypto trading except for Washington and New York.

2. Is Gate.io Safe?

Yes, the Gate.io app is safe and reliable. The user funds are stored in cold wallets to ensure maximum security.

3. Why can’t I withdraw from gate io?

 If you have set up, changed, or reset any security settings, your withdrawal will be suspended for 24 hours as a part of security measures.

4. How long does it take for Gate.io KYC verification?

The processing time of KYC or identity verification maybe half an hour to 12 hours.

5. Is Gate.io a regulated exchange?

Gate.io is not regulated under any financial regulatory agency.

gate.io - 8.2

8.2

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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