Gate.io Exchange Review 2021: Read this before Investing.

Gate.io Exchange Review 2021: Read this before Investing.   As Crypto space is growing rapidly, there are numerous exchanges hitting the platform. Choosing the best exchange is the challenge.   Gate.io exchange comes with advanced trading features to help you trade profitably, also it is one of the great platforms for margin trading with 10x leverage.    So, if you have any plans of using Gate.io crypto exchange, this article is a must read for you, where we will give you a complete guide of its features, fees, pros, cons and much more.  

Recent Updates:

  • Gate.io launched SDAO trading on July 3, 2021 at. Gate.io is currently holding a “Deposit & Trade SDAO” competition. They have a pool of $21,000 SDAO in rewards for users who deposit, and buy SDAO. New users need to sign up Gate.io to participate. 
  • Gate.io Dual Currency BTC & ETH Portfolio Launched New Products. Gate.io Financial has introduced a dual-currency investment service. The BTC dual-currency product with a 10-17 days holding period and a pegged price range between $34000-$37000 BTC/USDT will be used for principal settlement and earnings at maturity.

Table of Contents.

  • Overview.
  • What is Gate.io ?
  • Gate.io Features.
  • How to set up an Gate.io  account?
  • How to recover the Gate.io password?
  • How to buy Gate.io token?
  • How to sell Gate.io token?
  • How to deposit and withdraw on Gate.io ?
  • Gate.io  Fees and supported payment types.
  • Gate.io  Mobile application.
  • Referral commissions and other services.
  • Is Gate.io exchange  safe and secure?
  • Conclusion.
  • FAQ.
  • Rating for Gate.io Exchange.
  • Gate.io pros and cons.
 

What is Gate.io Exchange?

Gate.io is chinese based exchange 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:

Deposit and Withdrawal Fees:

Gate.io charges nil deposit fees from its users.   A competitive blockchain network fee is charged from consumers who want to withdraw funds from the Gate.io crypto platform is determined by the prevailing market (time-limited markets) conditions at that particular time.   Withdrawal fees differ for every individual asset. For example, a withdrawal fee of 0.0005 BTC is charged when users withdraw Bitcoins from the exchange. Thus, the fee structure of Gate.io is quite competitive than the industry standard, as the industry average is approximately around 0.0008 BTC per Bitcoin withdrawal.  

Gate.io Trading Fees:

The trading fees structure at Gate.io differs for spot markets and margin trading markets. Accordingly, the spot trading fee charged per transaction at Gate.io is 0.2%, which reduces as the trading volumes increase.    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.

Gate.io Supported Cryptocurrencies:

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 Application:

Gate.io can be downloaded from both the App Store and Google Play. This application allows users to trade, access wallet, fund account, receive notifications, and check transaction history on the go. Apps pleasing design further simplifies crypto trading with your smartphone.  

Gate.io Referral Commissions and Other Services:

Gate.io Affiliate Program.

This exchange is offering exciting rewards via its affiliate program. By becoming a Gate ambassador, one can earn 30% commissions. Use your affiliate code to recommend gate.io to your friends. When they sign up using your referral code, they get 10% off on all their trading fees for 12 months and you receive 30% of all their trading fees for 12 months.  

Steps to take part in Gate.io Affiliate Program.

  1. Login to Gate.io account.
2.Go to My Referrals page ( Wallet > My Referrals ). 3.Copy the referral link or click QR code to download the code. 4.Share your referral link or QR code to your friends. Notice: Your account needs to be older than 1 day before you can invite other people.  

 Is Gate.io Safe and Secure?

Yes, Gate.io Exchange is one of the safe exchanges available since there have been no hack events since its inception. It protect users assets with the following advanced features:
  • Two-factor authentication (2FA) with Google Authenticator.
  • Additional fund withdrawal password.
  • Anti-Phishing algorithms.
  • Monitors IP logins.
Hence, it is one of the trustworthy exchanges.  

Conclusion:

It is evident from our review that Gate.io is an exceptional platform for trading a diverse range of altcoins available in the market. It also offers investors with 10x margin trading, perpetual contracts, and even financial services like Margin Lending, Borrowing or Periodic Investment Plans.  

Gate.io FAQ:

Q1. 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. Q2. Is Gate.io Safe? Yes, the Gate.io app is safe and reliable. The user funds are stored in cold wallets to ensure maximum security.   Q3. Why can’t I withdraw from gate io?  If you have set up, changed or reset any security settings, your withdrawal will be suspended for 24 hours as a part of security measures.   Q4. How long does it take for Gate.io KYC verification? The processing time of KYC or identity verification may be half an hour to 12 hours.   Q5. Is Gate.io a regulated exchange? Gate.io is not regulated under any financial regulatory agency.

Gate.io Exchange Ratings:

Currency Support: 4.5/5. Online Reputation: 4/5. Trading and transaction fees: 4/5. Customer Support: 3.5/5. Overall Rating: 4/5.  

Gate.io Pros and Cons:

Pros: 

  • Over 200+  cryptocurrencies available and nearly 400 markets
  • Many features including margin trading with 10x leverage.
  • Excellent IEO platform.
  • Able platform with mobile apps.
 

Cons:

  • No fiat deposits.
  • Unregulated exchange.
        Gate.io Exchange Review 2021: Read this before Investing.   As Crypto space is growing rapidly, there are numerous exchanges hitting the platform. Choosing the best exchange is the challenge.   Gate.io exchange comes with advanced trading features to help you trade profitably, also it is one of the great platforms for margin trading with 10x leverage.    So, if you have any plans of using Gate.io crypto exchange, this article is a must read for you, where we will give you a complete guide of its features, fees, pros, cons and much more.  

Recent Updates:

  • Gate.io launched SDAO trading on July 3, 2021 at. Gate.io is currently holding a “Deposit & Trade SDAO” competition. They have a pool of $21,000 SDAO in rewards for users who deposit, and buy SDAO. New users need to sign up Gate.io to participate. 
  • Gate.io Dual Currency BTC & ETH Portfolio Launched New Products. Gate.io Financial has introduced a dual-currency investment service. The BTC dual-currency product with a 10-17 days holding period and a pegged price range between $34000-$37000 BTC/USDT will be used for principal settlement and earnings at maturity.

Table of Contents.

  • Overview.
  • What is Gate.io ?
  • Gate.io Features.
  • How to set up an Gate.io  account?
  • How to recover the Gate.io password?
  • How to buy Gate.io token?
  • How to sell Gate.io token?
  • How to deposit and withdraw on Gate.io ?
  • Gate.io  Fees and supported payment types.
  • Gate.io  Mobile application.
  • Referral commissions and other services.
  • Is Gate.io exchange  safe and secure?
  • Conclusion.
  • FAQ.
  • Rating for Gate.io Exchange.
  • Gate.io pros and cons.
 

Overview:

Legal Name Gate.io Exchange.
Headquarters Virginia, United States.
CEO Lin Han.
Founded on 2017.
Exchange type Centralized.
Trading fees. Maker 0.20%/ Taker: 0.20%.
Deposit methods. Cryptocurrency.
Supported Cryptocurrencies. 200+ cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more.
Fiat. No.
Customer Service. Email.
Trading Options. Spot Trading and Margin Trading.
 

What is Gate.io Exchange?

Gate.io is chinese based exchange 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.  

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 Fees and Limits:

Deposit and Withdrawal Fees:

Gate.io charges nil deposit fees from its users.   A competitive blockchain network fee is charged from consumers who want to withdraw funds from the Gate.io crypto platform is determined by the prevailing market (time-limited markets) conditions at that particular time.   Withdrawal fees differ for every individual asset. For example, a withdrawal fee of 0.0005 BTC is charged when users withdraw Bitcoins from the exchange. Thus, the fee structure of Gate.io is quite competitive than the industry standard, as the industry average is approximately around 0.0008 BTC per Bitcoin withdrawal.  

Gate.io Trading Fees:

The trading fees structure at Gate.io differs for spot markets and margin trading markets. Accordingly, the spot trading fee charged per transaction at Gate.io is 0.2%, which reduces as the trading volumes increase.    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.

Gate.io Supported Cryptocurrencies:

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 Application:

Gate.io can be downloaded from both the App Store and Google Play. This application allows users to trade, access wallet, fund account, receive notifications, and check transaction history on the go. Apps pleasing design further simplifies crypto trading with your smartphone.  

Gate.io Referral Commissions and Other Services:

Gate.io Affiliate Program.

This exchange is offering exciting rewards via its affiliate program. By becoming a Gate ambassador, one can earn 30% commissions. Use your affiliate code to recommend gate.io to your friends. When they sign up using your referral code, they get 10% off on all their trading fees for 12 months and you receive 30% of all their trading fees for 12 months.  

Steps to take part in Gate.io Affiliate Program.

  1. Login to Gate.io account.
2.Go to My Referrals page ( Wallet > My Referrals ). 3.Copy the referral link or click QR code to download the code. 4.Share your referral link or QR code to your friends. Notice: Your account needs to be older than 1 day before you can invite other people.  

 Is Gate.io Safe and Secure?

Yes, Gate.io Exchange is one of the safe exchanges available since there have been no hack events since its inception. It protect users assets with the following advanced features:
  • Two-factor authentication (2FA) with Google Authenticator.
  • Additional fund withdrawal password.
  • Anti-Phishing algorithms.
  • Monitors IP logins.
Hence, it is one of the trustworthy exchanges.  

Conclusion:

It is evident from our review that Gate.io is an exceptional platform for trading a diverse range of altcoins available in the market. It also offers investors with 10x margin trading, perpetual contracts, and even financial services like Margin Lending, Borrowing or Periodic Investment Plans.  

Gate.io FAQ:

Q1. 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. Q2. Is Gate.io Safe? Yes, the Gate.io app is safe and reliable. The user funds are stored in cold wallets to ensure maximum security.   Q3. Why can’t I withdraw from gate io?  If you have set up, changed or reset any security settings, your withdrawal will be suspended for 24 hours as a part of security measures.   Q4. How long does it take for Gate.io KYC verification? The processing time of KYC or identity verification may be half an hour to 12 hours.   Q5. Is Gate.io a regulated exchange? Gate.io is not regulated under any financial regulatory agency.

Gate.io Exchange Ratings:

Currency Support: 4.5/5. Online Reputation: 4/5. Trading and transaction fees: 4/5. Customer Support: 3.5/5. Overall Rating: 4/5.  

Gate.io Pros and Cons:

Pros: 

  • Over 200+  cryptocurrencies available and nearly 400 markets
  • Many features including margin trading with 10x leverage.
  • Excellent IEO platform.
  • Able platform with mobile apps.
 

Cons:

  • No fiat deposits.
  • Unregulated exchange.
       

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