With the rising popularity of a range of crypto-related assets, it is only natural that cryptocurrency exchanges would up their game and offer a greater selection of currencies for trading and bartering.
Gate.io, As one of the oldest cryptocurrency exchanges, it is clear that it offers a wide range of crypto assets. You can buy, sell and trade over 1300 cryptocurrencies, including bitcoin, Ethereum and more! With over $1.65 billion daily trading volume as of March 2022.
This guide will help you learn more about Gate.io’s security, guides, and features. start.
Legal name Gate.io Official web addresshttps://www.gate.io/HeadquartersGeorge Town, Cayman Islands.FounderLin HanExchange TypeCentralizedTrading OptionsSpot, derivative,P2P market, Buy crypto and copy trading.Trading feesMaker 0.2%, Taker 0.2%.Trading pairs2000+ Native Token $GT – Gate Token Deposit MethodsCredit Card & Bank Transfer Deposit FeeNo FeeWithdrawal MethodsEnter Withdrawal AddressWithdrawal FeeDepending on the cryptocurrencySupported Countries 224+Restricted Countries25Supported Fiat CurrenciesNo Mobile AppGoogle Play, App storeCustomer Support24/7, Email, Live Chat, Submit a request.
What is Gate.io?
Gate.io was founded in 2013. Gate.io is a China-based company founded by Lin han. Its headquarters are in George Town, Cayman Islands. The exchange offers its services in more than 224+ countries with 80+ million users worldwide.
Gate is a centralized cryptocurrency exchange operated by Gate Technology Inc with a variety of trading options and coins.
The platform stands out as a complete crypto exchange with a fiat payment method. The exchange provides good merchant quality services to its users.
The exchange is also available in several languages, including English, Japan, Korean, and Turkey. 24/7 live chat facility available to all its users and various guides in FAQ section.
Is Gate.io safe and secure?
Regarding the security data breaches in 2019, concerns about the security of this exchange are still questionable. But it is also a fact that no other problems have been registered after that.
A hacker has stolen thousands of dollars worth of ETC.
The exchange offers a variety of security measures, such as 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.
Storage solution for hot and cold wallets – Most of users’ funds are stored in offline cold wallets to ensure account security and fast withdrawals. Only a small amount of money is stored in hot wallets for liquidity.
Multi-signature security technology – You need to enter the verification code to withdraw assets and back up regular wallets.
The assets can be recovered at any time. It has also set up real-time asset sending and receiving technology to ensure assets show up on time.
Additional features such as extra password for withdrawals, anti-phishing algorithms, monitor IP logins and two-factor authentication.
Gate.io pros and cons
Offers a variety of functions. Offers trading in derivatives and NFTs. Wide range of supported cryptocurrencies. Low costs. Earn bonuses by completing the tasks.
Data Breach Activities. Not a regulated exchange. Fiat currencies are not supported.
Features of Gate.io
Trading Options: Gate offers spot trading, margin trading, leveraged tokens, derivatives trading, NFT markets and much more. Finance: In the finance section, it offers Hold & Earn, recurring investment plan, crypto loan, crypto loans, margin loans, mining, closing auctions, structured products and dual currency product.Wallet.io: Gate.io provides free wallet services to account holders. To get to the wallet page, go to the top of the page and click on the Wallet tab. Gate Token: GT is the native token of Gate.io. With a total supply of 1 billion. With 0.7 billion tokens burned, the current maximum circulation is 0.3 billion. GT holders get special discounts and privileges. Services: Gate.io offers services such as announcements, listings, institutional services, VIP discounts, developers, and gate grants. Startup: Gate.io is a discounted blockchain asset platform that offers a discount on the sale of decentralized blockchain assets (BTC, ETH, etc.). mining, voting activities, chat room, live stream, bonus campaigns, bitcoin halving, tasks and bonuses.
Gate.io Fees and Limits
Gate does not charge for registration and deposit. Withdrawal fees depend on the currency you want to withdraw.
In the spot market, the maker and taker fee is 0.2%. On the futures markets, the maker fee is 0.00% and the taker fee is 0.050%.
For transaction fees, the gate follows a VIP tiered system. As the trading volume and holdings of gate tokens increase, the fee decreases. There are 16 VIP tiers and a standard maker and taker rate is charged.
For more information, visit Gate.io for a fee.
Gate.io supported currencies.
The exchange supports 1000+ cryptocurrencies and 2000+ crypto trading pairs.
Some of the major cryptocurrencies are:
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) Tezos(XTZ) Polkadot
Some of the Popular Trading Pairs on Gate.io
Gate.io Supported Countries
Gate.io offers its services in more than 224 countries. 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, the Crimean region, Bangladesh, Bolivia, Ecuador, Kyrgyzstan is prohibited.
In addition, all users in Hong Kong, China, UK (retail users only), Netherlands, Germany, France, Lithuania, Italy are prohibited from using products and services offered by this exchange website except for spot trading.
Gate.io mobile app
The exchange has launched its own mobile app for Android and IOS users. You can download it for free from Google Play and App Store.
For Android users, the file size is 180 MB. Requires Android 5.0 and above. Rated 3+.
For iOS users, the file size is 398.8 MB. Requires iOS 10.0 and above. Rated 9+.
How do you register on Gate.io?
Go to the official website. Click on ‘Sign in’. Enter your email address and password. Referral ID (optional). Agree to the terms and conditions. Click ‘Next’. Create a fund password. Tap ‘Create account’. Check your mailbox and enter the code. Press ‘Log in’.
How do you recover your password on Gate.io?
On the login page, click on ‘Forgot password’. Decide if you want to recover your password via a registered email address or phone number. Click ‘Next’. Check your mail or sms. Follow the instructions and recover your password.
How do you do KYC on Gate.io?
KYC is required for withdrawals and to access better features on Gate.io
How to deposit money into your Gate.io account?
Log in to your account. Navigate to ‘wallet’. Choose ‘Deposit’ or go to ‘wallet’ > spot account > Deposit. Select the cryptocurrency you want to deposit and link. You can copy the address or scan the QR code for the address. Now paste the address in your external wallet from which you want to transfer the money.
How to withdraw money from Gate.io account?
Log in to your account. Navigate to ‘wallet’. Choose ‘Withdraw’ or go to Wallet > Find Wallet > Withdraw. Now select ‘To address’. Select the cryptocurrency and preferred chain. Enter the required information. Click on ‘Submit request’.
5. Now confirm the recording
6. Now you can check your recording status in ‘Recent recordings’.
How to Buy Cryptocurrency with Fiat Currency?
Log in to your account. Choose ‘Buy Crypto’. Choose a method (credit card, bank transfer and P2P transaction). For example, consider credit cards. Select fiat currency and enter the amount. Select the cryptocurrency you want to buy. Now select the service provider from the list. Take ‘Banxa’ as an example. The transaction costs are shown at the bottom of the page. Tick ’I have read and accepted the disclaimer’. Click on ‘Purchase’. Now confirm your order by clicking on ‘Make order’. You need to verify your personal ID by entering your email address and phone number. Agree to the terms and conditions and click ‘Confirm’. Upload your IDs. Tap ‘continue’. Enter your card details and tap ‘pay’.
How to use P2P Trading to buy/sell crypto on Gate.io?
Log in to your account. Navigate to ‘Buy Crypto’. Select ‘P2P trading’. On the trading page, choose the trading pair from the list. You can buy cryptocurrency in two ways. Enter the quantity and price you want to buy or sell. Select the payment method. Click on ‘Buy now’ or ‘Sell now’. Rather, you can select any of the advertisers from the given list. Click on ‘Buy’/’Sell’. To use this method, you must agree to the advertiser’s payment method.
4. After clicking ‘BUY USDT’/SELL USDT in the second method. Enter the purchase amount. Click on ‘Confirm & create’.
5. Enter your money password and ‘confirm the order’.
According to the trustpilot review, the exchange has an overall rating of 2.4/5
Most of the user comments were about technical support is not enough, easy trading, no customer support team support, easy transfers with the P2P trading platform, late withdrawals and much more.
Coinpedia review on Gate.io
Cyber Security5/10Liquidity9/10Customer Support4/10Online Reputation9/10Total Trust Score7/10
Frequently Asked Questions about Gate.io
Can US Citizens Use Gate.io?
With the exception of Washington and Newyork, other US citizens can use spot trading.
Is Gate.io a regulated exchange?
No, Gate.io is not a regulated exchange.
How much does gate.io charge for P2P trading?
It is free for individual users to trade on P2P. For traders, the trading fee charged is 0.2%. VIP customers get additional discounts on trading fees.
How long does it take for KYC on Gate.io?
Processing time can vary from half an hour to 12 hours.
Gate.io is considered one of the oldest and top 10 exchanges in the world. The exchange has a variety of features and trading pairs for its users.
Also involved in NFT markets and leverages. This review clearly shows that it has a diverse range of altcoins and services.
The only downside to the platform is that it is not a regulated exchange and the team is anonymous. This will indirectly make the users think before entering the platform. Overall, it’s a pretty good trade to trade for.