Gate.io Exchange // Condensed Review – Pros and Cons

Gate.io Exchange // Condensed Review – Pros & Cons

Gate.io Exchange (gate.io) was launched in 2017 by Gate Technology Inc., focusing mainly on crypto-to-crypto trading. In the past, the brand was called Bter.com, but due to the prohibition of crypto trading in China, the company rebranded to Gate.io and is now based in the USA. Being an unregulated exchange, Gate .io was able to expand quickly around the world, and now this cryptocurrency exchange has language support in Spanish, Chinese, English, Japanese, Korean, Portuguese, and more.

In addition to spot trading and margin trading, this platform also offers crypto lending. Gate IO charges 0% fees for all deposits and withdrawals, which is great for traders of all levels!

But is this platform safe and secure? Is KYC required? In this Gate.io review, let’s explore in detail to answer all of your questions.

Register a free account at Gate.io

Gate.io Restricted Countries/Regions

Gate.io is currently not available for the residents/citizens of Washington State (U.S.), New York State (U.S.), Cuba, Iran, North Korea, Sudan, Syria, Pakistan, Venezuela, and Crimea.

Is Gate.io a safe cryptocurrency exchange?

In the world of crypto, security is of utmost importance. Gate Exchange employs many security measures to keep the customer’s funds protected. As a user, you can secure your account with:

  • Two-factor authentication (2FA) via Google Authenticator
  • SMS 2FA via mobile phone
  • Login verification
  • Fund withdrawal password
  • Anti-phishing code

Is Gate.io a safe cryptocurrency exchange?

Internally, Gate.io safeguards user funds by utilizing both hot and cold wallets. Because the platform sees daily trading volumes of 3,500 BTC, their policy of using hot and cold wallets is a good way to guarantee liquidity and also security. All in all, Gate.io is an extremely safe and secure crypto exchange and trading platform.

Available Cryptocurrencies at Gate.io

Gate IO is a major crypto exchange by having 180 different coins and tokens available. By having so many digital assets on offer, the result is nearly 400 different cryptocurrency markets (BTC/USDT, DOGE/BTC, etc.) available for trading. Because they focus only on cryptocurrencies at the moment, Gate.io does not deal with fiat currencies (USD, JPY, EUR, etc.) during the trading of currency pairs.

Available Cryptocurrencies at Gate.io

Gate.io Services

Gate.io provides a plethora of cryptocurrency services ranging from wallets to lending. Let’s discover the main services that are popular with Gate.io users.

Gate.io Cryptocurrency Exchange

If you are looking to simply convert one type of crypto to another, then Gate-io’s spot trading section will match your needs. Choose from over 180 cryptos and easily switch between currencies. This spot trading platform allows you to select the Standard screen (white) or the Professional screen (black).

Gate.io Cryptocurrency Exchange

Gate.io Cryptocurrency Margin Trading

If you are looking to use leverage to potentially maximize your trading profits, then go into Gate.io’s margin trading section to trade over 200 markets with a maximum leverage of 10x! Once again, you can choose between the Standard screen or the Professional screen.

Gate.io Cryptocurrency Exchange

Gate.io Cryptocurrency ETF Trading

One very unique feature of Gate.io is that they offer ETF (Exchange-Traded Fund) trading. Here, you can choose between 100 markets such as EOS5L/USDT, DOGE3L/USDT, UNI3S/USDT, and more.

Gate.io Cryptocurrency ETF Trading

Gate.io Cryptocurrency Perpetual Contracts

Perpetual trading is very similar to futures trading, except that perpetuals have no expiry date. At Gate.io, you can choose between BTC/USD or BTC/USDT for perpetual contracts. Maximum leverage for perpetual trading is 20x.

Gate.io Cryptocurrency Perpetual Contracts

Gate.io Wallet

If you only need a pure cryptocurrency wallet to store your funds without trading, then please check out Wallet.io which is a wallet app that was launched by Gate.io in 2018. Wallet.io has the Standard version and the Pro version, so you have the freedom to choose the best one that suits your needs.

Wallet.io

If you are using Gate.io for trading purposes, then Gate.io already has a built-in wallet that connects to the trading platform. Simply click on β€œWallet” and you will be able to manage all of your funds there. This wallet currently supports over 150 cryptocurrencies, with the highest level of security. Make your deposits in this wallet and then simply transfer the necessary funds to your trading account at any time.

Gate.io Wallet

Gate.io Mobile App – iOS & Android

All Gate.io trading platforms (spot, margin, perpetuals, etc.) are accessible via mobile devices on Android and iOS operating systems. This makes it possible for more users to make profits by trading on-the-go. Simply download the app for your iOS or Android device, and you are ready to begin.

Gate.io Mobile App - iOS & Android

 

Gate.io KYC Verification Requirements

Users can deposit funds at Gate.io Exchange and begin crypto trading without completing any KYC (know your customer) procedures. Without KYC, your maximum withdrawal per day is 100 BTC.

If you wish to withdraw more than 100 Bitcoin per day, then the following information is required to complete your Gate.io identity verification:

  • ・Name
  • ・Date of birth
  • ・Phone number
  • ・Copy of passport or government-issued ID
  • ・Photo (selfie)

 

Register a free account at Gate.io

Gate.io Trading Fees and Limits

Gateio makes trading simple. This platform charges a flat fee of 0.20% for all trades. This is slightly lower than the global average of 0.25%, so you know that Gate.io offers good value for your day-to-day trading.

Gate.io Payment Methods and Fees

Please see the below for the deposit and withdrawal methods, along with the related fees.

Depositing at Gate.io and Fees

If you do not currently hold any cryptocurrency, the platform gives you the chance to purchase via Visa, Mastercard, or bank transfer within Gate.io. Gateio is partnered with 5 payment providers that you can choose from: BANXA, mercuryo, advcash, Simplex, and coinify. BANXA usually offers the lowest fees, but not always. Before every transaction, please check to confirm. The fees, usually 1-3%, are embedded within the price.

If you already have cryptocurrency stored somewhere else, then you can easily transfer it to Gate.io at 0.00% fee.

Withdrawing from Gate.io and Fees

Many exchanges have low trading fees but they then charge you a fortune when you withdraw your funds. Gate.io does not do this because they charge 0% for all withdrawals. All you need to pay is the standard Bitcoin network fee of 0.0005 BTC for all withdrawals.

Gate.io Customer Service

Gate.io has an extensive FAQ section as well as a New User Manual for all traders wishing to learn more about the platform. Alternatively, you can submit a question in the contact form, email them directly, or use their live chat feature.

Email: support@mail.gate.io
Live Chat: available 24/7

Conclusion – Should I use Gate.io?

Because only Visa and Mastercard payment options are available, the only minus point of Gate.io is that you cannot use other payment methods (like eWallets) to purchase cryptocurrencies directly on the platform. However, more payment methods are constantly being added. So if you focus on the good points of Gateio, there are plenty. Let’s review the many reasons why you should use this platform:

  • 1) Extremely high-tech wallet that supports 150+ cryptos!
  • 2) Close to 400 markets available for you to trade!
  • 3) Up to 10x leverage on margin trading!
  • 4) No KYC required for all traders – 100% anonymity!
  • 5) 0% deposit and withdrawal fees, great for beginners and pros alike!

Overall, this is truly an excellent trading platform even when compared to other major exchanges. In addition, this platform’s top security features and useful mobile app are major advantages. Be sure to create a free account to explore all the services that Gate.io has to offer!

Register a free account at Gate.io

Up to $25,000 Welcome Bonus (DOT)

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