Gate.io Review – The Complete Guide To Gate.io Exchange
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 |
With a number of cryptocurrency exchanges emerging in the market, it is hard for the cryptocurrency investors to find out which crypto exchanges are worth investing in.
One such cryptocurrency trading platform that is very much popular and regarded among the crypto users is Gate.io.
In this article, we will provide you with the complete guide on the Gate.io exchange and look into its aspects such as its features, fees, pros and cons and much more. Let us look into detail in this Gate.io exchange review now,
What is Gate.io?
Gate.io is one of the oldest Chinese bitcoin exchanges, which 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.
Gate.io Fees and Limits
The exchange charges a flat trading fee of 0.20% for both makers and takers. This fee is slightly below the industry average which is generally around 0.25%.
The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. It does not accept any other deposit method than cryptocurrencies
Gate.io Supported Currencies
The Gate.io 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 App
Gate.io provides a native mobile application that is available to both iOS and Android users which can be downloaded on Google play store and the istore.
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 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 instruction. 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
- 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 popup 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 popup 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 Pros and Cons
Pros
- Low trading fee of 0.2%
- No deposit or withdrawal fees
- User-friendly platform
- multiple XRP wallet capabilities
- Wide range of cryptocurrencies supported
- Mobile app available
Cons
- No fiat deposits
- Unregulated exchange
- The team is not transparent
- Not recommended for beginners
Conclusion
Gate.io is a relatively new cryptocurrency exchange that has a wide range of cryptocurrencies available to trade. The platform is generally well built and offers many of the features that cannot be found on more established exchanges.
All in all, Gate.io is an excellent crypto exchange which is highly recommended for the crypto market traders.
Recent Updates
- On Oct 08, 2020, new listing Dego finance on Gate.io
- On Oct 07, 2020, Polkastarter Listed on Gate.io
- On Sep 30, 2020, MOV Network is now listed on Gate.io
- On Sep 28, 2020, Gate.io listed $USDG (Gate USD), which is its USD pegged stablecoin
Gate.io FAQs
- How do I open an account on Gate.io?
To open a new account, click on “Sign up” and then fill in all the fields in the Signup form.
- Which payment methods are accepted?
The only way to deposit funds into your Gate.io account is via cryptocurrency transfer. Fiat deposits are not accepted.
- What are the fees Gate.io charges?
Gate.io only charges a trading fee of 0.2%. There is no fee for making a deposit or withdrawal.
- What is the smallest amount that I can trade?
The minimum order size must be at least $10 in value.
- Is there a Gate.io mobile app?
Gate.io provides a native mobile application that is available to both iOS and Android users which can be downloaded on Google play store and the istore .
Gate.io Ratings
Summary
Gate.io is one of the oldest Chinese bitcoin exchanges, which was founded by Lin Han. Previously the exchange was called Bter.com.
gate.io – 8.2
Summary
Article Name
Gate.io Review – The Complete Guide To Gate.io Exchange
Description
Gate.io came into existence in 2013 and was started in China. Get a detailed review of the exchange, its fees, trade, and security from this Coinpedia article.
Author
David Kariuki
Publisher Name
coinpedia
Publisher Logo
Published at Sat, 10 Oct 2020 11:45:51 +0000