Gate.io Crypto Exchange Review: It Is Good Or Bad?

About Gate.io

Gate.io is the native token of Gatechain mainnet. It became exchange token of Gate.io formally on March 2, 2020 with the new name “ GateToken”.Since then, GT has been developing together with Gate.io.At its early stage, GT was distributed to Point purchaser as a free gift, initial supply of 1 billion. With 0.7 billion burned afterward， the current maximum circulation is 0.3 billion.

As buyback and burning plans have been implemented, Gate.io is entering into absolute deflation.As an important part of Gate.io ecosystem, GT can be used in VIP tier escalation, trading fee debit, exclusive activities participation and more. They will also increasingly empower GT with more and more applications and use cases to improve its intrinsic value.

Gate.io Exchange Basic Points

How To Start ?

How To Sign Up At Gate.io Exchange ?

It Is Very Easy To Sign Up At Gate.io Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Gate Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Gate.io Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Gate.io Exchange ?

Withdrawing your funds from Gate is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Gate.io Trading fees

This particular trading venue doesn’t charge different fees between takers (normally called a taker fee) and makers (normally called a maker fee). This exchange’s fee model is instead something called a “flat fee model”. The flat trading fee is set at 0.20%. This fee is slightly below the industry average. The industry average is arguably around 0.25%.

Current Fee：Maker:0.2%，Taker:0.2%

Pay fees with Gate.io Points（Take the 70% off as an example）

Maker: 0.06%

Taker: 0.06%

Cost at purchase：30%-70% off

Available Balance：–（1Point=1USD）Go to buy

Pay fees with GT

Maker: 0.2%

Taker: 0.15%

Available GT：–

Gate.io Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, BAM! The exchange can make up for its lost income on the lower trading fees.

Gate Exchange are fair players in this regard and charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is around 40% lower than the industry average, as the industry average is arguably around 0.0008 BTC per BTC-withdrawal. Accordingly, the withdrawal fee charged by this exchange is quite competitive.

Deposit Methods

The exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you don’t have any crypto but want to start trading here, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here.

Gate.io Security

This exchange uses both cold storage and hot wallet to store funds. There are options to have 2FA (two-factor authentication). You can also choose to receive SMS-notifications upon certain events.

One-stop-shop trading service

Market

Crypto-to-crypto trading is buying one crypto with another crypto. The practice consists of matching orders at the best price at the right time. Crypto can be exchanged for crypto directly. USDT/BTC refers to the exchange of USDT and BTC.

Margin Trading

Margin trading is when you use your crypto holdings as collateral to borrow more from the exchange, to amplify your trading power. Margin trading is similar to margin trading at the stock market, where investors increase their profits as well as their losses by using leverage.

Perpetual

Perpetual contract trading that Gate.io offers is a derivative for crypto, which differs from the traditional futures mainly in that it has no settlement date. Users can keep the position as long as they desire. A perpetual contract resembles spot trading.

Future Submission

A derivative for crypto, you can go long or short based on your prediction of the future market movement. They offers flexible leverage for you to arbitrage or hedge. The maximum leverage is 100X.

Gate.io Features

Comprehensive protection with security and law funds

Gate.io protects your funds with both centralized and decentralized methods. It is also the first exchange to invest millions in security and law funds to add extra protection for your assets.

Efficient trading and instant deposit/withdrawal

As an established exchange with cutting-edge technology, Gate.io offers an efficient and convenient trading system as well as an instant deposit and withdrawal service.

Stable and reliable since 2013

For 8 years, It has been operating stably and reliably. With our constant exploration of innovative technologies, they strive to offer you the best trading experience.

An exchange that lives up to your expectations

As one of the earliest and largest cryptocurrency exchanges, They always complies strictly with regulations and has never allowed for market manipulation. They are continuously committed to being open, transparent, and cooperative.