Due to the rapid growth of the cryptocurrency market, a slew of new exchanges has emerged. It’s difficult to pick the finest transaction. Gate.io cryptocurrency exchange has innovative trading tools that can help you trade effectively, and it is also one of the best platforms for margin trading with 10x leverage.
If you want to use Gate.io as a crypto exchange, this article is a must-read for you, as it will provide you with a comprehensive overview of its features, fees, pros and disadvantages, and much more.
Overview
Legal Name | Gate.io Exchange |
Headquarters | Virginia, United States |
CEO | Lin Han |
Year Founded | 2017 |
Exchange Type | Centralized |
Trading Fees: Maker | 0.20%/ Taker: 0.20% |
Deposit Methods | Cryptocurrency |
Supported Cryptos | 200+ cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more |
Fiat | No |
Customer Service | |
Trading Options | Spot Trading, Margin Trading |
What is Gate.io Exchange?
Lin Han launched Gate.io, a Chinese cryptocurrency exchange. Bter.com was the previous name of the exchange. However, in the year 2017, it was relaunched as Gate.io.
Gate Technology Inc. manages Gate.io. English, Chinese, Japanese, and Korean are among the languages supported by the platform. The exchange provides access to a large number of different cryptocurrencies.
Gate.io Features
Trading Site: Navigating the various aspects of the platform is pretty simple. A lot of useful tools are included on the site, including an order book, trading history, and charting.
Users may safeguard their accounts in a variety of methods, and the platform includes several built-in security procedures. Two-factor authentication and a password combination are used to protect customer accounts.
Customer Help: There is a support area that uses a FAQ function and a new user guide to try to answer the most common questions. Users can also send tickets to the support staff to address more specific concerns.
How to register on Gate.io?
Step 1: Navigate to the Official Website and click “SignUp” on the top right corner of 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 click “submit request”.
How to buy cryptocurrencies on Gate.io Trading Platform?
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 placing 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 Exchanger?
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 placing 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 Platform Fees and Limits
Deposit and Withdrawal Fees
Gate.io Cryptocurrency Exchange Platform 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 Cryptocurrency Exchange Supported Cryptocurrencies
The Exchange supports over 200+ cryptocurrencies.
- 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 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 taking part in Gate.io Affiliate Program
log in to Gate.io account.
Go to the My Referrals page ( Wallet > My Referrals ).
Copy the referral link or click the QR code to download the code.
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.