Exchange description - Gate.io

Gate.io is a centralized cryptocurrency exchange founded in 2013. It is registered in the country of Panama. The Gate.io exchange is available at www.gate.io . In addition, information about the platform can be obtained from official social media accounts (e.g. Twitter ). The current Trust Score for this exchange is 9. In the last 24 hours, the trading volume reached 114,872 BTC.

Gate.io is one of the oldest cryptocurrency exchanges on the market. It was founded in 2013 and underwent rebranding four years later, which allowed it to gain more popularity. As a result, it is now a well-developed platform offering various trading methods.

Key information

• Established: 2013
• Headquarters: Cayman Islands
• Languages supported: English, German, French, Chinese, Portuguese, Spanish
• Interface: User-friendly and easy to use for beginners and advanced traders
• Available cryptocurrencies: 1400 cryptocurrencies, including 800 leading digital currencies
• FIAT currencies: YES (available in 23 currencies)
• Additional trading features: margin trading, futures contracts, derivative instruments (Exchange Spot), leverage up to 100x
• Trading fees: low trading fees
• Leveraged trading: yes
• Additional features: including loans, futures contracts, copy trading, and various opportunities to earn interest on stored cryptocurrencies (e.g. “HODL & Earn” or “Lend & Earn”)
• NFT trading platform: yes
• Customer support: 24/7 support, educational materials, and extensive FAQ section

What is Gate.io exchange?

Gate.io is an exchange launched in 2013 in China. Initially, its operations were focused exclusively on the Asian market. Over time, the company started to expand its services to other parts of the world. In 2017, due to rebranding, the company’s headquarters were relocated to the Cayman Islands. This allowed them to avoid restrictions resulting from strict Chinese regulations. The reason for the relocation was also to distance themselves from the previous exchange (BTER), which was associated with a hacking attack that resulted in the theft of 7000 BTC.

All operational centers and business branches of the exchange are located in China, South Korea, Singapore, and Canada.

The average daily trading volume of Gate.io exchange is around several hundred million dollars. This enables high financial liquidity and efficient exchange even for less popular trading pairs.

Gate.io stands out with a large number of cryptocurrencies and support for multiple FIAT currencies. The most popular trading pairs are BTC/USDT and ETH/USDT.

Security

Gate.io has experienced hacking attacks, the first one when it was still known as BTER exchange. In both cases, a significant amount of funds was stolen, but the company managed to recover them in full and return the full amount to all users. Despite the previous negative experiences, the platform is still considered adequately secure among investors. Especially after these incidents, great emphasis is placed on the use of appropriate security systems and ensuring trader protection.

As the company itself assures, platform users are protected based on an advanced algorithm combined with numerous external controls. Security is also guaranteed by a special fund called the “Security and Law Fund,” which accumulates funds worth tens of millions of dollars. This fund was created in case of theft to cover any potential losses.

Most of the funds are stored in cold offline wallets. Gate.io also runs a special Big Bounty program, which rewards users for reporting security-related issues.

Users can take advantage of account security measures such as:

• Two-factor authentication (2FA) with Google Authenticator app.
• 2FA authentication via SMS.
• Additional login verifications.
• Setting an additional password for fund withdrawals.
• Anti-Phishing code.
• IP whitelist settings.

Gate.io Offer

Gate supports nearly 1400 cryptocurrencies and digital tokens. The fact that the platform allows trading with rare, often unavailable on other exchanges, currencies makes users eager to use its offer. In addition to the standard type of cryptocurrency trading, the exchange allows access to leveraged trading. Its level depends on the account status and average volumes. Secured deposit transactions are also available.

The most popular digital coins supported include: Bitcoin, Ethereum, BNB, Tether, Solana, USDC, Cardano, XRP, Dogecoin, Polkadot, AVAX, Terra, SHIB, BUSD, Polygon, Litecoin.

• The exchange offers various types of trading, including spot transactions, futures, leveraged trading, custodial services, and perpetual futures contracts.

• In addition, users have access to additional platforms and services (including cryptocurrency loans, a platform for supporting startups, and an NFT marketplace).

• The exceptionally wide range of investment products (including “Lend & Earn,” “HODL & Earn,” “Auto-Investment,” “Dual Investment”) deserves special mention.

• In addition, the platform offers solutions for miners (including “Cloud Mining” and “Liquidity Mining”).

• It is worth noting that Gate.io has a very advanced automated trading platform called “Copy Trading,” which allows you to copy the moves of other traders in an automated way.

Fees/Commissions

Gate.io sets the same commission for maker and taker orders at 0.2%. The exchange allows various methods to reduce these fees, e.g., by purchasing native GT tokens. Discounts are also given to users with higher monthly volumes.

As for withdrawals, the fees depend on the type of chosen cryptocurrency. The fee for withdrawing Bitcoin compared to other exchanges is quite high and amounts to 0.001 BTC.

• SPOT transactions: maker 0.20%, taker 0.20%.
• Futures transactions: maker 0.15%, taker 0.050%.
• BTC withdrawal: 0.001 BTC.
• Stablecoin withdrawals: 5 USDT/ 5USDC/ 5 TUSD/ 5 USDG/ 5 BUSD/ 5 UST.

Referral Bonus

Users who register and verify their account on the exchange can additionally earn through the affiliate program. This program allows you to earn commissions from spot and contract transaction fees. The amount of the commission can be checked at this address: gate.io/affiliate

In addition, the exchange has a platform called Gate.io Task Center, through which users can receive bonuses for completing specific tasks. Sample tasks can be checked on the website: gate.io/rewards/task

How to Register on Gate.io?

1. Go to the main page and click “Sign up” in the upper right corner.
2. Then fill out the registration form, providing: username, email address, phone number, country of residence. It is also necessary to set an individual password and accept the terms and consents.
3. After submitting the form, users receive a message to the provided email address. Click on the activation link to confirm the registration.
4. In the next step, create a separate password for the fund to access the wallet. It must be different from the one set during login.
5. After successful registration, you can verify your account or do it later.

Verification is necessary to withdraw funds, so it is recommended to go through the process immediately. Click the “Verify” button, and the system will ask you to attach an identity document. It can be an ID card, passport, or driver’s license. Usually, the data verification process takes no longer than 12 hours.

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Deposit Funds on Gate.io

Funds can be deposited into the account using cryptocurrencies or stablecoins (e.g., USDT). Gate.io does not charge fees for deposits.

How to make a deposit?

1. Log in to your account.
2. Then click on “Wallet” on the main page.
3. In the next step, click the “Deposit” button.
4. Select the token to replenish the deposit, the network through which the transfer will be made, and copy the code or scan the QR code.
5. After obtaining the address to which the funds are to be transferred, simply go to the external application that serves as a wallet to send the funds.

How to trade on Gate.io?

Trading digital currencies can only be done after verifying your account. The trading platform is available in two versions – the standard interface and the professional interface for more experienced users.

The standard version of the trading platform is recommended for new users who are starting their journey in cryptocurrency investment. It includes basic charts and allows for order browsing. The professional version of the trading platform is designed for advanced traders who have access to numerous technical analysis tools.

1. To start trading, you need to enter the spot market terminal. Select “Trade” on the homepage, and then click “Spot Trading” from the dropdown menu.
2. The trading terminal window will appear on the screen. Choose a currency pair here.
3. At the bottom of the screen, there will be “Buy” and “Sell” buttons for the selected pair.
4. It is necessary to select the type of order. By default, the system sets a Limit Order, which means making a purchase at a specific price.
5. In the “Amount BTC” field, set the number of coins to purchase.
6. Then simply click “Buy” to purchase the specified amount of cryptocurrency or “Sell” to sell the asset.

Advantages and disadvantages

The exchange stands out with a large number of supported cryptocurrencies and an extensive range of additional services, including cryptocurrency loans, trustee services, NFT marketplace, and many other investment products.

Advantages:

• Large number of supported cryptocurrencies (including many niche altcoins).
• User-friendly interface.
• Responsive customer support available 24/7.
• Referral program bonuses.
• Various types of cryptocurrency trading.
• Margin trading.
• Mobile version of the exchange.

Disadvantages:

• Less competitive transaction fees.
• Mandatory KYC verification using identity documents.
• No Polish language. Knowledge of English or other languages is necessary for full platform support.

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