Gate.io is a Bitcoin exchange platform that supports BTC, LTC, Ethereum, Qtum, and more blockchain assets trading. Within a few years, the exchange gained worldwide popularity and is now functional in almost all countries worldwide. However, the platform is currently not operational in China and has shifted its registered office to Virginia, USA.
Besides supporting over 180 leading cryptocurrencies, the platform also supports spot trade and margin trade. It has also expanded its services to various other markets like ETF, Options, futures, and derivatives for investors. It is a platform mainly for professional traders. However, beginners with little experience will also find this platform beneficial.
Gate.io Review – Exchange Interface
To understand Gate.io, its features, and working procedures, it is essential that traders go through various reviews and opinions expressed online. In this Gate.io review, we have tried to include all the key features of the trading platform so that they can make wise decisions when it comes to trading on the platform.
Features of Gate.io
Gate.io Review – Features of Gate.io
Some of the features of the exchange are discussed below:
- The platform has an easy-to-use interface meant for both novice and professional traders.
- Allows margin, futures, or derivatives trading (spot exchange)with leverage up to 100x, apart from crypto trading.
- Offers real-time market information and essential charting tools to traders for effectively trading altcoins, stablecoins, and DeFi tokens.
- Offers demo version via the Gate.io testnet.
- Offers HODL earnings via crypto investments.
- Allows pledging of one crypto asset to borrow other cryptocurrency assets.
- Low trading fee system with no zero deposit fee and nominal withdrawal fees.
- Efficient Customer support services available 24/7 along with a comprehensive FAQ section and other guides.
Pros and Cons of Gate.io
|The platform operates globally in more than 400 markets and over 180 cryptocurrencies.||Fiat Deposits not accepted.|
|Amazing IEO (initial exchange offering) platform.||Unregulated exchange.|
|Robust mobile application.||Not recommended for beginner traders.|
|Multiple features, including spot trading and margin trading with 10x leverage.|
|Highly secure exchange.|
|24/7 customer support.|
Account Registration & Login
Gate.io Review – Account Registration Process
As per reviews of Gate.io, the login procedure of Gate.io is quite simple and can be completed within a few minutes. Here is a step-by-step guide to help users get started on the Gate.io platform effortlessly.
This is the first step of the registration process; interested users need to visit Gate.io’s official website, where they will find the ‘Signup’ button on the top right-hand corner of the page. Clicking on the Signup button will open a registration form with some mandatory fields, personal details (like username, password, email address, phone number, and country of residence) of the users that they need to fill in. As usual, you will have to agree to the terms and conditions of the exchange.
The box on the left side has to be ticked by the users, and then they can proceed to the next page by clicking on the “Next” button. After this, an auto-generated email will be sent from the Gate.io team to the users’ given email id to confirm the registered address (email), clicking which the signup process will be completed.
Later on, users must create a separate ‘fund password’ to access their funds which should be different from the login password.
Verification is not the next immediate step after signup. It can also be done later on when withdrawing funds from the crypto exchange. Traders’ can straightaway move to the deposit page just after the Signup process.
However, for verification of the Gate.io trading account, users need to first log in to the site using their login credentials and then click on the “Verify” button.
Here, they will be asked to upload any government-issued documents like a passport, driver’s license, or other identity cards. Verification may take up to a maximum of 12 hours.
After the login verifications are completed, users can straightaway deposit funds to their accounts on Gate.io using any of the numerous crypto coins and stablecoins like (USDT) and start trading.
They can transfer funds to their Gate.io accounts using the desktop, or they can use the app after selecting their preferred cryptocurrency that they wish to deposit.
For this, users need to copy the unique deposit address before transferring funds from a hardware wallet or another cryptocurrency exchange. They can find the Gate.io supported list of assets under the ‘My Funds’ icon on the site’s dashboard.
Gate.io does not allow users to buy cryptocurrencies by using any of the fiat currencies.
How to Start Trading on Gate.io?
Users can directly start trading digital assets after verifying their accounts on the platform and depositing the required funds. They can choose between the Standard and the Professional trading interface according to their conveniences.
The standard version is beneficial for the new traders as it includes multiple trading charts, an order profile list, an order entry box, and a trading history. The professional interface, as it implies, is intended for experienced traders where they have scope for further technical analysis of the markets using the various tools offered on the platform.
Gate.io offers a different fee structure to its registered traders:
Gate.io does not charge any deposit fee from its users.
A standard blockchain network fee is charged from users who wish to withdraw funds from the Gate.io crypto exchange determined by the prevailing market (time-limited markets) forces at that particular time.
Different withdrawal fees are charged for every individual asset. For example, a withdrawal fee amounting to 0.0005 BTC is charged when users withdraw Bitcoins from the exchange. Thus, the fee structure of Gate.io is quite competitive (40% lower) than the global average, as the industry average is approximately around 0.0008 BTC per Bitcoin withdrawal.
The trading fees structure at Gate.io is, however, different for spot markets and margin trading markets. Accordingly, the spot trading fee charged per transaction at Gate.io is 0.2% (flat trading fee), which reduces as the trading volumes increase. This is slightly higher than its competitors like Binance or KuCoin’s charge per trade, which is 0.1%.
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.
Deposit and Withdrawal Method
Gate.io Deposit and Withdrawal Method
Users can easily withdraw their preferred crypto coins from the exchange by simply filling in the withdrawal form, which gets processed within a maximum of 12 hours or depending on the speed of the blockchain network working behind. However, a withdrawal fee is charged more like a nominal exchange fee but is different for every coin. There is also a withdrawal limit per day on the Gate.io exchange, beyond which every withdrawal has to be supported by a proper KYC verification and the customer support team’s approval.
As for the deposit methods at Gate.io, the exchange does not allow any other deposit method other than cryptocurrencies, so it becomes difficult for beginners to trade on this platform. Traders who do not have crypto but wish to trade on Gate.io will need to first procure cryptocurrencies from other crypto exchanges and then deposit them at Gate.io to begin trading on the platform.
Privacy and Security
The exchange emphasizes enhancing the security mechanisms for both users as well as for the exchange’s servers. Gate.io uses both cold wallet and hot wallet in combination to store users’ funds and personal information. There are other security tricks like 2FA (two-factor authentication) with Google Authenticator, SMS-notification, login verification, anti-phishing code, Blind IP logins, and a separate fund-withdrawal different from the login password.
Thus, with all these robust security measures and two-factor authentication tools, Gate.io ranks amongst the most secure cryptocurrency exchanges in the world that continues to bring in more developments in its security mechanisms.
Gate.io Review – Gate.io Rewards
As for the rewards, Gate.io does not directly reward its customers, but it offers users points to waive specific fees on the platform. Cryptocurrency traders are required to do particular tasks, and the points are conferred for each task based on the difficulties faced while performing them. Tasks are divided into four major categories- Novice, Experience, Trading Volume, and Growth, and each category has some specified tasks linked to it. Like under the novice tasks, there are tasks like Verifying accounts, making deposits, making fiat currency transactions, etc.- typical tasks required to be done after the first-time login on the platform. Then the Experience Tasks are for experienced traders who have earlier executed trade on the platform and know the strategies well.
Experience tasks involve participating in the various activities organized on the platform like HODL, voting activities, etc. Likewise, there are separate tasks under Trading Volume tasks and Growth Tasks completing which the traders will earn specific points. These points are non-transferable and cannot be withdrawn; they can only be exchanged on the platform to waive specific fees- to cover contract trading fees or spot trading fees or participate in the USDT activities.
Gate.io Exchange Review – Explore the Service of Gate.io Mobile App
Gate.io offers a fantastic app for next-generation users who prefer trading with smartphones. The mobile application is compatible with iOS and Android devices; the app can be downloaded easily from the Google Play Store or App Store. As per various Gate.io reviews, the app has been downloaded by over 50K users who have rated the app quite well. The Gate.io mobile app provides similar functionalities as the desktop trading versions, where there are no restrictions for traders for entering trade positions and monitoring the trades on the go.
Gate.io is available to almost all the countries in the world except for the following; Washington, New York, Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea.
Gate.io supports over 180 leading cryptocurrencies, including bitcoin, Litecoin, Tether, Ethereum, etc., except, to name a few.
Trading Services by Gate.io Exchange
Gate.io offers an easy-to-use interface that is easy to navigate. The trading platform is quite impressive. All the major categories (like spot or margin trading, borrowing, lending, perpetual contracts trading, financial services, or wallets overview) are displayed under the main menu that provides easy navigation. Then again, the users are allowed to select between the Standard or Professional website interface.
The Professional interface is more compact than the Standard one. Both the interfaces emphasize the price action and technical analysis on a large chart window so that the traders can overlay various technical and typical indicators to the charts.
Like most other leading cryptocurrency exchanges, exchange Gate.io has also integrated with a more straightforward and professional charting interface, the ‘Trading View,’ to provide its users with a compact list of charting features, drawing tools, and technical indicators. With ‘TradingView,’ users can easily switch between various cryptocurrency markets, change time frames, or add technical chart indicators or even set alerts by simply clicking on the icons here and there. This makes it quicker and easier to navigate various charts, change display preferences or essential features on the website’s dashboard.
The different trading charts are present in the middle of the webpage. The order book is on the right corner of the page. The ‘place an order icon at the bottom of the page. The available order types are market, limit, and stop orders. Limit orders can be easily triggered based on price or time.
There are also options for IOC (Immediate or Cancel) orders and Iceberg orders for professional traders. Users can click on the recent orders to populate the prices in the order box, thereby avoiding any mistakes while entering the prices in the order box. At the same time, the trade volumes can be adjusted by using the slider.
Gate.io provides an extensive support center working behind the scenes, which is available 24/7 for the users. Users can directly contact the customer service team via live chat or email. There is also a dedicated Gate.io support (Help Centre) that caters to the trader’s needs at any time during the day. It provides plenty of articles that give ready solutions to traders to resolve their queries. Also, a separate FAQ section on the website has prepared answers to most of the common issues faced by users.
Thus, Gate.io is a multifaceted exchange for experienced crypto traders and is one of the top cryptocurrency exchanges. Apart from crypto trading, the platform also offers excellent opportunities for spot trading, margin trading (borrowing and lending), perpetual swap contracts trading, with 10x leverage. It also lures the customers with financial services like ‘Period Investment Plans.’ Thus, for those who are looking for a cryptocurrency exchange that has an ETF, spot, options, Futures, or derivatives and want to earn rewards on crypto, Gate.io is the perfect platform for them. It provides a robust digital assets exchange where they can easily buy, sell, trade, or exchange assets like Bitcoin or Ethereum.
Is Gate.io Trustworthy?
Yes, Gate.io is trustworthy- as such, the platform emphasizes more on its security features than to make profits. The CER rates it as one of the most secure cryptocurrency exchanges in terms of cybersecurity.
Is Gate.io Safe?
Yes, the Gate.io app is safe and reliable. The user funds are stored in hot and cold wallets to ensure maximum security and other robust security measures.
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.
How Do I Withdraw Money From Gate.io?
Users can easily withdraw money from Gate.io by filling out the withdrawal form they will get from the wallet app. They need to go to the wallet and select the cryptocurrency that they wish to withdraw. Then click on the “withdraw” button, and they will be directed to the ‘withdrawal’ page where they can find the withdrawal form.
What Are the Fees That Gate.io Charges?
Gate.io charges a spot trading fee of 0.2% that again reduces as the trade volume increases. There is also a nominal fee charged for withdrawals while deposits are free.