Gate.io Review

4.1
  • Summary
  • Crypto
  • Fees
  • Features
  • Safety
  • FAQs

Gate.io is a digital exchange operated by Gate Technology Inc. Gate.io has an exchange value of $522,195,327 and supports a total of 661 and 1000 currency pairs.

Overview
🏆 CI Exchange Rank 4.1 (#9) 📈 24H Volume $522,195,327 (#8)
📌 Headquartered Cayman Islands 🧱 Founded 2013
💧 CI Liquidity Rank 0.048 (#14) 🚀 Beginner-friendly? No
💲 Supports Fiat? No 🎌 Languages Supported ar
💼 Business Accounts Yes ✖️ Margin Trading Yes
👛 External Wallet Yes 🔃 OTC Trading Yes
📱 Mobile App Yes 💰 Integrated Wallet Yes
🔮 Futures Trading Yes ⚪️ Spot Trading Yes
⭕️ Coins: 661 🔀 Pairs: 1000

Gate.io is more suited to the experienced trader. The platform may be complex to understand for beginners. It is also important to note that US citizens are not permitted to trade on Gate.io.

Lin Han founded Gate.io in 2013. The company is headquartered in the Cayman Islands

Crypto on gate.io

Crypto Market Listings on gate.io

gate.io has a reported trading volume of $522,195,327 in the last 24 hours. Traders can expect an average bid-ask liquidity spread of 0.048. gate.io is ranked position #14 among exchanges for liquidity.

  • USD
  • EURO
  • GBP
Coin Pair Price Spread
BTC/USDT $16534.4 0.01
ETH/USDT $1217 0.03
DOGE/USDT $0.091019 0.05
LTC/USDT $77.81 0.12
TRX/USDT $0.053165 0.04
APT/USDT $4.95 0.19
XRP
XRP/USDT $0.401018 0.16
MATIC/USDT $0.853455 0.02
LINK/USDT $7.2 0.16
FIL/USDT $4.47 0.12
SHIB/USDT $0.00000918 0.05
SOL/USDT $14.3 0.23
HT/USDT $7.22 0.06
DOT/USDT $5.39 0.16
SUSHI/USDT $1.28 0.29

Crypto Verification

Individual Verification 

All new traders must complete a mandatory identity verification process. The trader will be required to complete a form with their basic information and upload a photo of the back and front of their ID or passport document, as well a photo them holding  their ID or passport document.

 

What's Needed
🛂 Documents Passport, Driving Licence 🕖 Verification Duration 1 day

Crypto Deposits

No deposit fee is charged at Gate.io.

Buying In
Crypto/Coins Free

Crypto Withdrawals

Withdrawal fees vary from coin to coin. However, a withdrawal fee of 0.0005 BTC  applies when traders want to withdraw their BTC.

Cashing Out
Crypto/Coins Free

gate.io Fees

Gate.io charges a flat trading fee of o. 2%. There is however, a tier based discount maker-taker fee schedule.

gate.io Features

Spot Trading

Spot trading involves securities traded for immediate deliver in the market on a specific date. Traders will find that assets eligible for spot trading quote a “spot price” and a “futures or forward price”. Traders will notice that spot market transactions have a settlement date.  On Gate.io there are USDT, BTC, ETH, QTUM and Time-Limited markets.

 

Futures Trading

Unlike the Perpetual ContractGate.io Futures have a delivery date, so the buyer and seller are obliged to complete the delivery on the predetermined date.

Margin Trading

Gate allows users to trade with up to 3-10x leverage rates varying from market to market. The maximum amount a trader can borrow depends on the allowed leverage rate. For example, where a 3x leverage is allowed, a margin account with 100 BTC can borrow up to 200 BTC.

Margin Lending

Margin lending transactions is one where one trader  lends money to another so it can buy or sell securities. Using lending service on gate.io, you can offer your loan to margin traders and earn interest while doing so.

How is interest calculated for Margin Lending?

Interest for margin lending is calculated on a two-tier scheme. Tire one lasts for four hours, which is the minimum duration. If your loan duration is within four hours, you will have to the interest for the four hours.  In the event that your loan exceeds four hours, the remaining duration will be accumulated on a hourly basis.

For example, if  trader A borrowed 2000 Gate Token and repaid it 2 hours later at the day rate of 0.04%.  Trader A will pay interest as follows:

0.04%/6 x2000 =0.133 Gate Token

In the event that trader A borrowed 2000 Gate Token and repaid it 9.5 hours later at the day rate of 0.04%, trader A will pay interest as follows:

  • Initial 4 hours’ fee :

0.04%/6 x2000 =0.133 GT

  • The remaining hours 

(10-4) X0.04%/24 X2000=0.2 GT

Trader A’s interest payable accumulated to : 0.133+0.2 =0.333 GT

Gate.io will take 18% from the interest the lender earned.

OTC Trading

OTC trading  is a form of decentralized trading. This means you sell directly to the buyer through a broker, rather than through a large centralized exchange with lots of red tape and exorbitant fees.

The BitFinex OTC market is an option for traders who are interested in performing large trades directly and bypassing the public order books. The OTC market provides access too large liquidity without affecting the exchange market price.

Two ways to take advantage of the OTC desk
1. Access real-time liquidity through BitFinex OTC desk
2. Trade directly with another BitFinex user.

Peer-to  Peer Trading

P2P trading happens when traders buy and sell cryptocurrencies directly to other traders, without using a third party or an intermediary. Binance P2P allows traders to sell their cryptocurrencies locally, with 0 trading fees. Traders are also allowed to create their trade advertisements to set their own prices.

Integrated Wallet

Trades have free access to the gate.io wallets, including a hot wallet.

Wallet.io

Wallet.io support hundreds of mainstream coins. It is also an added layer of security and requires rigorous 2FA verification. Traders can easily manage their entire coin portfolio on this external wallet.

 

Mobile App

The Gate.io app is available  on Android on iPhone for free.

Customer Support

Traders can reach the customer support department through the help centre, logging a ticket or by sending an email: [email protected]

Gate Union Referral Program

Now you can earn by inviting your network to join Gate.io. All new traders will get their own referral link when signing up to the platform. This link can be shared among friends, family or a business network. Once your network signs up and places their first trade, you will receive 40% of all trading fees from your invitees.

Your commission will be paid to you automatically and not on a weekly or monthly basis.

Corporate Accounts

Corporate Account do differ from individual accounts, especially when it comes to verification. It takes between 1-2 days and requires the traders basic information, including the company registration number, website URL. The Business License and bank account certificate must be uploaded too.  Business identity verification also requires company representative information such as:

  • Front and back side of representative’s photo identity
  • A photo of representative holding their photo ID
  • A photo of Company representative holding business license
  • Minutes of Meetings/ Board of Directors Consent
  • Articles of Incorporation

gate.io Safety

Login Verification Setup

The login verification setup adds an extra layer of security to the traders account. Traders have to enable Google authenticator or SMS verification to enable this setting. Once this is done, a sms verification code from Google Authenticator is required every time you log in to your account.

 

Two-Factor Authentication

Every time a trader attempts to make a withdrawal or change any settings on the platform, two-factor verification will be required. If you have any trouble, opt to use google authentication instead.

 

 

 

Cold Storage

A cold storage wallet is available to traders as well as Wallet.io

Cybersecurity

8.75/10

CSS is an industry benchmark assessment of the cybersecurity characteristics of a given exchange. It consists of three weighted components: application-level security, SSL/TLS connection, and domain security. CSS uses over 18 indicators, based on the best practices of cybersecurity protection.

 

Multisig wallets just refer to a multi-signature wallet, where two or more traders have access to documents.

gate.io FAQs

Does Gate.io support fiat currencies?

No. Unfortunately, Gate.io does not support fiat currencies.

Does Gate.io support third-party Wallets?

Yes. Gate.io allows traders access to wallet.io and cold storage too.

Is Gate.io Regulated?

No. Gate.io not regulated.

Is Gate.io safe?

Yes, Gate.io has built a secure exchange platform that uses advanced cold storage systems and two factor authentication.