Exchange Gate io was born just 4 years after the birth of cryptocurrencies. It was founded by Chinese entrepreneur Li Han on May 18, 2013. At that time it was called Bter. Over the years, the platform has achieved impressive success, but not in its historical homeland. Due to the restrictive measures of the Chinese government in relation to cryptocurrencies, the activities of the exchange were suspended. In 2017, it came under the jurisdiction of Gate Technology Inc. in the United States, headquartered in Virginia. The platform is registered in the Cayman Islands.Access to Gate io has users all over the world, except in those countries where its activities are limited. According to cryptanalyst Watcher.Guru, the platform stops working in the following countries:
- Advantages and disadvantages of the exchange
- For whom the exchange is suitable
- Available cryptocurrencies
- How to register
- How to deposit and withdraw funds
- Commissions and fees
- How to Start Trading
- How to place an order
- Margin trading
- How to make money on Futures
- Mobile App
- Confidentiality and security
- Customer Support
- The achievements
- Countries in which the Gate io Exchange operates
- Frequently Asked Questions
- Information about the company
Advantages and disadvantages of the exchangeThe cryptocurrency market has seriously expanded. In difficult competitive conditions, the io Gate exchange managed to get to the forefront. In a relatively short period, it built an extensive system and attracted huge investments. The platform failed to solve all the problems, but it has more advantages than disadvantages.
|Intuitive interface. Even beginners can easily understand it;||Lack of licenses and clear information about the company. Though it is considered American, in fact there are restrictions in certain states;|
|15 languages. Not everything is at a good level, but it is possible to understand;||Sometimes there are delays in the withdrawal of assets;|
|Assistance to clients. The site offers users answers to frequently asked questions (FAQ). There are many instructions. If you have any atypical questions, you can contact the support service;||The exchange does not work with fiat money.|
|Security. Gate io is one of the few exchanges that has not suffered from hacking. This became possible thanks to the tireless work of developers to ensure conditions for the preservation of customer funds. Accounts are protected by two-factor authentication and multiple passwords;|
|Low commissions. For all operations, a fee of 0.2% is provided. User costs are lower for other types of commissions;|
|A lot of cryptocurrencies. Here they are represented by more than 1,300, including the twenty with the highest level of capitalization. On the platform you can find coins that you can’t find somewhere else. A large selection of coins is one of the main reasons that attract experienced investors to the exchange;|
|The exchange accepts up to 50 fiat currencies, operates in more than 200 countries. The platform makes it possible to deposit little-known currencies, which attracts even more customers;|
|It has a reliable application, allowing the clients to work from Androids and iOS.|
For whom the exchange is suitableThe American cryptocurrency exchange Gate io has gained such popularity that the number of customers has reached 10 million people. This indicator demonstrates the security and reliability of the service.
However, the exchange has more advantages for beginners:
The exchange is good not only for those who have been trading in the cryptocurrency platform for a long time, but also for those who are just going to try their hand. Both of them should be satisfied with the complete absence of commission on deposits. This indicator for the withdrawal of funds on the stock exchange is also low. Experienced clients can take full advantage of good discounts on frequent trades and margin opportunities.
- the exchange has a huge number of cryptocurrencies and available pairs. It is important for a novice user to be able to get used to working on the stock exchange without investing a lot of money. From the variety of coins, he can choose the cheapest. It won't be a shame if you lose some money;
- Gate io provides free educational programs for new participants;
- user-friendly interface will help the new player to quickly join the process;
- on the stock exchange, you can not only trade and exchange coins, but also earn on drawings;
- the user can connect to the work of the exchange at any time through a mobile application;
- the presence of constant information about the work of other sites makes it possible to compare and choose suitable cryptocurrencies and pairs.
Do not forget about the need to feel the security of own funds. For beginners, this is especially important. The exchange has been demonstrating reliability for several years, using additional security measures.
Available cryptocurrenciesBy the number of electronic currencies, the Gate Io exchange ranks first in the world. The same applies to the number of cryptocurrency pairs.Among them there are the most popular, on which traders pay special attention. Here is a table of dozens of popular cryptocurrencies on the exchange for trading, depositing and withdrawing.
|For trading||To make a deposit||For withdrawal|
|Bitcoin||Bitcoin||Bitcoin - 0,002 BTC|
|Ethereum||Tether||Ethereum -0,003 ETH|
|USD Coin||Ethereum||Bitcoin Cash- 0,001 BCH|
|Binance USD||Monero||Binance Coin-0,05 BNB|
|Cardano||USD Coin||Stellar-1 XLM|
|TRON||Binance Coin||TRON-0,1 TRX|
How to registerTo fulfill the procedure in Gate io, you need to open the main page of the site. After selecting a language, go to the account section. Standard user information and contact details are entered here. Create a trading password to confirm transactions. It will act as a PIN.
After confirming the correctness of the entered data, you need to enter an email. It is better to immediately link it to the account to ensure more reliable security. For this purpose, it is also recommended connecting two-factor authentication.If the registration is done on a mobile phone, you need to use a phone number instead of email.Gate io has an affiliate program. If the user invited a new member to register in the program, it must be indicated in a special field. Here, both win: the invited client receives a discount on the commission of trading operations, and the inviter receives a small reward from each operation in which his referral participated.
VerificationThis procedure will save the user from the restrictions of the exchange and strengthen the security of the account. Customer feedback suggests that verification in Gate io allows you to withdraw funds faster.
To pass the verification procedure, you need to do the following:
To complete the procedure, you need to go to Settings and select KYC (Know Your Client). This program tracks the use of cryptocurrency funds to support terrorism.
- enter the name;
- repeat the first action;
- choose from two documents: passport or ID-card;
- enter passport or ID-card numbers;
- click Submit.
At the request of the site, you need to send scans of the passport page with a photo of its owner and the cover of the document. ID-card needs to be scanned on both sides. To complete the procedure, take a selfie so that at face level you hold an open passport in one hand, a sheet of paper with an ID in the other.
How to deposit and withdraw fundsTo make a deposit, the user in the exchange Gate io needs to find the Wallets tab on the left edge of the top. After clicking on it, a list of available cryptocurrencies will appear. In it you need to find the asset that you need. To the right of the name of the cryptocurrency, you should click on the Deposit button. The exchange will create a wallet address for the client. This address must be pasted into the Recipient Address line on the resource from which you want the funds to come.Funds are also withdrawn through Wallets. For this, in front of the asset, you need to click on the Withdraw button. This will be followed by a few more actions:
- specify the address of the wallet to which the funds are withdrawn;
- give it a name for the convenience of withdrawing assets in the future;
- specify the number of coins;
- enter the two passwords generated by the registration;
- click submit request.
Commissions and feesAmong the centralized sites, Gate io offers minimum commission rates. Moreover, you do not need to pay for deposits. There is a commission in the exchange for withdrawal, and it depends on the asset that the user intends to withdraw. The size of the trading commission is also affected by other factors:
- trading volume;
- type of order placement;
- GT cryptocurrency holdings.
To better understand the platform’s policy, look at the discounts offered by the exchange Gate io to regular customers who have a monthly turnover of a certain number of bitcoins:
Spot commission starts at 0.2% for both parties to the transaction. At the end of trading, the maker pays 0.055% and the taker − 0.065%. But there are some nuances here. The more transactions in 30 days and the more GT cryptocurrency on the account, the lower is the commission.
- >3 BTC - 5%;
- >12 BTC − 15%;
- >50 BTC − 25%;
- >400 BTC − 35%;
- >1000 BTC − 40%;
- >5000 BTC− 50%.
- USDT 0 + 3%;
- ETH 0+0,003%;
- BTC 0+0,001%;
- LTC 0+0,002%.
Ten of the most popular cryptocurrencies have the following fixed rates of commissions to withdraw the assets:
The principle of operation of the exchange in the futures market is similar. But the stakes are lower. For makers, the maximum commission level is set at 0.015%. Takers do not pay above 0.05%. Minimum rates are 0% and 0.02%, respectively.
|Cryptocurrency||Commission for the withdrawal of|
|Bitcoin Cash||0.001 BCH|
|Binance Coin||0.05 BNB|
Attention: the Gate io exchange has a system for selling points from its balance. It allows the user to significantly reduce the size of the commission.
How to Start TradingCryptocurrency Exchange currently offers around 400 pairs to trade. They are sorted by pairs of the most sought-after assets.To start trading, you need to activate the Market tab. This is the algorithm of the following actions:
- choosing a coin;
- choosing a pair;
- trading schedule for a currency pair;
- trading conditions for this pair on other platforms;
- form of purchase or sale.
- a limit order, when the price of an asset is set by a trader;
- an order that is formed automatically when the price rises to a certain value;
- a limit order on temporary conditions, created according to the selected parameters after some time.
How to place an orderTrading takes place on limit orders, where the user evaluates his coins individually. The form helps to navigate, automatically offering the average market price. To place an order on Gate io, you only need to enter the value and number of coins bought or sold into the form by clicking on the button.
The form offers Iceberg and iOS options. The first is used for large orders. To keep the size of the transaction secret, the application amount is divided into several parts.This measure is also aimed at preventing unnecessary excitement in the cryptocurrency market. The iOS option assumes instant order fulfillment. In the absence of a counter-offer, the order is canceled.
The program will select an offer for the order. If there is a counter-offer, the system will help speed up the process of executing the application. Example: if a client of Gate io wants to sell 80 coins at a certain price, and the program has found a counteroffer for 50 coins with a similar price, it will accept it. In the future, the system will continue to search for options to sell the remaining 30 coins.
Margin tradingThe option has appeared on Gate io recently. Now the user can significantly increase the number of coins. Example: a client trades in the BTC/USDT pair and has 2 bitcoins. Using the leverage of ×10, he can increase the liquidity of the cryptocurrency by 10 times. But if he loses the deal, he will lose more assets.Margin trading opens two positions for clients:
- Long. In this case, the client uses leverage, counting on an increase in the value of the coin. The seller buys at a low price in order to sell at a higher price.
- Short. In this position, the client is playing low. He takes margin to sell the asset at a higher price, hoping to buy it at a lower price.
How to make money on FuturesOn Gate io you can trade perpetual futures with leverages from 20 to 100. The feature is available in the "Contracts – Perpetual Contract" menu.
To use this function, you need to transfer funds from the spot account to the futures account. If you are going to pay part of the commission with points, they should also be sent to the futures account.
Mobile AppThis tool allows users to trade e-money anytime from anywhere. A mobile application in content is not different from the site.Traders can enjoy all the available features and options of the platform on their phone.
Confidentiality and securityIn 2015, the exchange was still in China and was called Bter.com. It was that year when the platform was hacked. Scammers stole more than 7,000 coins. In the seven years of Gate io’s activity, nothing like has happened. The lesson of the past was not in vain - the new exchange seriously took up the strengthening of the security of its customers. The traders can use several security functions in their account:
- confirmation of login via email;
- two-factor authentication;
- sign in exclusively from an approved device;
- reconciliation of the client's hardware at login.
Security problems on Gate io can be associated only with the behavior of the users themselves, when they ignore the requirements of the site. If you strictly follow the recommendations, the money will be intact.
Customer SupportThere is a tab with additional parameters on the main page of Gate io exchange. There are many opportunities for customer and website feedback. The Support Center provides a lot of useful information to help beginners and experienced users.Questions of interest can be asked both in the chat and through e-mail [email protected].
The achievementsGate io exchange in a short period has acquired a universal character. It is reflected in both the large number of altcoins and DeFi products. The sixth place among the most successful platforms is a convincing proof of security, transparency and honesty.
2021 was a record for the growth rate of the user base. It reached 10 million people. The team released new products and contributed to increased activity. Such success served as a good motivation to make the next year even more fruitful.
Countries in which the Gate io Exchange operatesExchange operates Activities of the Gate io Exchange cover most countries in the world, with the exception of those mentioned above. There are some restrictions concerning traders from the USA and Canada. Here is a list of countries in the world in alphabetical order.
|Antigua and Barbuda||Bosnia and Herzegovina||Central African Republic (CAR)||Democratic Republic of the Congo||Dominican Republic||Equatorial Guinea|
|Austria [||Eswatini||Kuwait||United Kingdom of Britain||Solomon Islands||United Arab Emirates|
|Bahamas||Fiji||Laos||Nigeria||South Africa||San Marino|
|Bahrain||Finland||Latvia||North Korea||South Korea||Marshall Islands|
|Barbados||France||Lebanon||North Macedonia||South Sudan||Nicaragua|
|Saint Vincent and the Grenadines||Sao Tome and Principe||Trinidad and Tobago||Papua New Guinea||Saint Kitts and Nevis|
|Cot d’Ivoire||Ireland||Mongolia||San Marino||Tunisia|
Frequently Asked Questions
- Is Gate Io Cryptocurrency Exchange Suitable for Novice Traders and Why?
- Were there any cases of hacking on the Gate Io exchange after changing the address?
- What is the size of the commission on the exchange?
- Why do I need verification on the Gate Io exchange?
- How safe is the Gate io cryptocurrency exchange?
ConclusionGate io offers many tempting options and opportunities to customers. Among them is margin trading, with which you need to be careful.The exchange is multifunctional, which can lead a new participant to bewilderment. But over time, versatility will become an advantage for the trader. The abundance of cryptocurrencies expands the possibilities of customers. The platform offers several ways of passive income.
The exchange actively supports traders in the special service, answering all questions by the day. Enhanced security measures reinforce the reliability of the platform.At the end, we will give some information about the exchange Gate io.
|Clients from the USA are accepted||Payment Methods||Deposit Options||Withdrawal Options|
Information about the company
|Headquarters сountry||United States of America|
|Trading is allowed||Yes|