Gate.io Logo

AUM:

 

Undisclosed

Regulated:

 

No

Mobile app:

 

Yes

Account minimum:

 

$0.0001 for all coins

Editorial Rating

Gate.io Logo

Editorial Rating

Gate.io Review

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AUM:

 

Undisclosed

Regulated:

 

No

Mobile app:

 

Yes

Account minimum:

 

$0.0001 for all coins

Maker fee:

 

starts at 0.2%

Taker fee:

 

starts at 0.2%

Number of cryptocurrencies:

 

180

Account types:

 

Individual, Corporate, and Sub-Accounts

Gate.io Logo

Editorial Rating

Are you planning a cryptocurrency investment foray? Or maybe you’re an experienced crypto enthusiast looking for a reliable exchange to host your trades? Either way, you may be considering Gate.io.

Operating since 2013, this platform is one of the most popular options out there. But is it as good as it seems? In one of the most comprehensive Gate.io reviews available today, we take a look at everything you need to know.

By assessing its features and functionality, we can learn more about what makes Gate.io such a well-known name in the world of digital currencies. In this review, we’ll give you the lowdown on how Gate.io works and help you to determine whether it’s the right cryptocurrency exchange for you.

So, let’s get started with our Gate.io review!

What Is Gate.io?

Originating in China back in 2013, Gate.io has become one of the leading cryptocurrency exchanges. Now based in the Cayman Islands, the platform continues to serve traders from (almost) all over the world.

As well as operating a centralized Gate.io crypto exchange, the platform also supports:

  • ETF,
  • Derivatives,
  • and futures trading.

In addition, it also offers asset management solutions, such as:

  • HODL & Earn,
  • Periodic Investment Plans,
  • and Crypto Lending.

Notably, Gate.io caters to the increased demand for new and emerging cryptocurrencies. Of course, trading Bitcoin, Ethereum, Litecoin, and other well-known coins is also an option. In fact, Gate.io Bitcoin trading is very popular.

Ultimately, with more than 367 markets to choose from, Gate.io offers a pretty extensive trading potential to its members.

How to Use Gate.io

Signing up with the Gate.io crypto platform is easy. You simply need to select a username and password and provide your email address. Note that later on, you’ll have to create a different fund password.

After signing up, you will receive an email with a confirmation link. Click on it, and you’re good to start trading.

Following this, you’ll have the opportunity to verify your account to enhance security and streamline the subsequent Gate.io deposit processes.

What are the account requirements?

As mentioned above, you only need to provide your email address, username, and password (as well as a different fund password) to register with Gate.io.

However, if you want to verify your account, you’ll need to adhere to the site’s Know-Your-Customer (KYC) verification process. Gate.io KYC involves submitting an up-to-date government-issued ID, such as a driver’s license or passport.

The Gate.io team will then check your documents. If they meet the relevant requirements, your account will be verified. This usually takes between 30 minutes and 12 hours, depending on availability.

How to start trading

Once you’ve registered with Gate.io, you’ll be able to deposit funds into your account. However, Gate.io only accepts deposits in cryptocurrency, so you may need to purchase them at another crypto exchange first.

Following verification, you can begin trading on the Gate.io exchange. To do this, simply decide what digital currency you want to exchange and what type of trade you wish to make. Then, navigate to the relevant market and input the details of your intended order.

What can you trade?

With more than 360 markets to explore, you can trade in around 180 cryptocurrencies on Gate.io. Spot and margin trading is available, and users can also trade in ETFs, make Push Transactions, and conduct ‘Flash Swaps’. You can also trade in derivatives and futures on Gate.io with the funds in your Gate.io wallet.

Which tools are available?

Gate.io has a number of tools to assist users, including:

  • an extensive Help and FAQs section,
  • chatroom,
  • wallet,
  • day trading news and more.

How does the platform work?

Gate.io offers a wide range of features, including spot trading, margin trading, ETF trading, investment plans, lending services, and mining. With so many options to consider, there are also various functionalities at play if you’re based in one of the Gate.io supported countries. Once your account has been verified, you’ll be able to explore each section in detail and use the features that you’re interested in.

Is there a client portal?

Gate.io has a client portal. Once you’ve registered, you can log in and view your account settings and profile. From there, you can access the markets, join the community in the chatroom, access your wallet, or learn more about trading via the Help and FAQs section.

Gate.io Fees

One thing a lot of people look for in Gate.io reviews is information about the fees. So here’s what you need to know:

You won’t be charged a fee when depositing funds into your Gate.io account, but you will be required to pay a fee when making a withdrawal.

Similarly, trading fees are applied whenever you make a trade. However, fees are applied on a scale. Therefore, they vary depending on the number of trades you’ve made in the last 30-days and your VIP status. Fees can also be reduced if you pay by Gate tokens.

Now, let’s take a look at some of the Gate.io trading fees:

  • Maker fee: ranges from 0.2% for VIP 1 to 0.055% for VIP 16
  • Taker fee: ranges from 0.2% for VIP 1 to 0.065% for VIP 16

And here are some of the Gate.io withdrawal fees:

  • BTC/BCH 0% + 0.0005
  • USDT 0% + 20
  • ETH – 0% + 0.0036
  • Ripple – 0% + 0.1
  • ETC – 0% + 0.01
  • Litecoin – 0% + 0.001

Although withdrawal fees are charged on a percentage basis, many members report minimum withdrawal fees of around $20. This, however, isn’t confirmed on Gate.io’s website.

Gate.io Mobile App

The Gate.io app is available on both Google Play for Android users and App Store for iPhone users. Once installed, you can use the app to manage your Gate.io account and use the cryptocurrency trading platform.

Gate.io Customer Service

As most Gate.io reviews will attest, the company does cover all bases when it comes to customer support. Several assistance channels are available to users, as well as a FAQ section on the website and a chatroom for users to communicate.

If you need to contact the Gate.io support team, you’ll be able to do so via:

  • live chat
  • email
  • support tickets

With 24/7 support, it’s easy to contact a Gate.io representative at any time. Notably, however, some customer reviews suggest the staff isn’t as helpful.

Gate.io Alternatives

There are many alternatives to Gate.io. So let’s take a look at the three of the main competitors on the crypto market:

Gate.io vs Binance

The first thing to note when comparing Gate.io and Binance is that the latter offers lower trading fees. However, this doesn’t necessarily make it the right choice for you. The Gate.io margin trading of up to 10x is superior to Binance’s maximum margin of 3x.

In addition, Gate.io enables you to trade a wider range of currencies and accepts customers from the US. In contrast, Binance accepts deposits via wire transfer and credit cards, whereas Gate.io doesn’t.

Gate.io vs Bibox

Bibox offers a much more limited range of cryptocurrencies to trade in than Gate.io, which might discourage some users. However, Bibox does offer lower trading fees than Gato.io, which could be a draw.

Although Bibox reports a much higher trading volume than Gate.io, it only offers 207 pairs compared to nearly 400 on Gate.io.

Gate.io vs Gemini

Gemini is available to users in the US, Canada, Europe, and the UK, while Gate.io is available to users in most places around the world. Another advantage of Gate.io compared to Gemini is that multiple languages are available on its site, whereas Gemini only operates in English.

Furthermore, Gemini only offers a limited number of coins and minimal pairs. If you want to trade in a wide variety of currencies, you’ll find a much broader selection at Gate.io.

Wrap Up

We hope this Gate.io review has helped you better understand whether or not this platform is right for you. As you can see, there are many advantages associated with Gate.io, which is, perhaps, why it’s so popular with cryptocurrency traders.

Although its withdrawal and trading fees aren’t the cheapest out there, Gate.io is not the most expensive exchange either. In addition, this platform offers an extensive range of features, numerous coins and pairs.

On the downside, the Gate.io interface isn’t the easiest to use. In fact, beginners might find the sheer volume of information and number of markets overwhelming at first. Once familiar with the site, however, users appreciate the extensive trading options and versatile features.

Pros

  • Wide variety of coins
  • Additional trading options
  • Asset management solutions
  • Multi-channel customer service available 24/7
  • Margin trading up to 10x

Cons

  • Unregulated exchange
  • Relatively complex site design
  • Mixed user reviews
Gate.io Logo

Editorial Rating

FAQ

What is Gate.io?

Gate.io is a centralized cryptocurrency and Bitcoin exchange. Users can trade coins, pairs, ETFs, and much more using the site or the Gate.io mobile app.

Where is Gate.io located?

Currently, Gate.io is registered on Grand Cayman in the Cayman Islands.

Can US citizens use Gate.io?

Yes. Gate.io is available almost everywhere in the world. However, users in the following locations are unable to use Gate.io: New York, US and Washington, US.

Is Gate.io safe?

Gate.io uses Two-Factor Authentication to help keep accounts secure. However, some users have reported problems with verified being approved and then being reassessed and denied. While this shouldn’t necessarily dissuade users from signing up, it’s something to be aware of.

Does Gate.io require verification?

You can register with Gate.io and deposit funds without going through the verification process. But, as stated by users in many Gate.io reviews, verification is required before withdrawing funds from your account.