What Is Gate.io?
Gate.io is a cryptocurrency exchange that aims to take trading to a new level. A trader can do far more than just buy or trade cryptocurrency. Numerous innovative tools are also provided, such as Strategy Bot, Gate.io Earn, and NFTs. Traders are even able to instantly invest in hot new start-ups, including games, phone apps and other tech innovations. Putting it simply, Gate.io is an exchange that aims to be the ultimate leader of the rapidly growing industry.
As far as specific are concerned the platform is not regulated and leans heavily into promotional and rewards based marketing. Hence, Gate.io may not be as professional as competitors, but also isn’t afraid to have a little fun.
How We Reviewed Gate.io:
New to the world of crypto trading? Unsure of how to get started? You’ve come to the right place. We’re a team of crypto obsessed experts, dedicating our time to exploring and investigating the market. We peek into every nook and cranny, turn over every rock, and explore every aspect of the industry. Whatever we find we post here, allowing you to get a deeper insight into everything crypto related.
We bring this professionalism to every review, treating every exchange with equal levels of scrutiny. If an exchange isn’t living up to our standards we don’t beat around the bush. Of course, if an exchange really is standing tall above competition we also let you know. Join us as we act as expert guides through an often turbulent market.
How Does Gate.io Work?
Gate.io is a crypto exchange, hence it acts as a middleman between markets and traders. Cryptos can be bought, traded and sold, with the platform facilitating the transactions. All that is needed to take part is a registered account. It's a good idea to familiarize yourself with some of the best crypto coins around while you're at it.
Gate.io is also big on promotions, rewards and other promotional deals. Traders can earn extra cash, get discounts, or otherwise be rewarded for trading on the site. Not many exchanges lean into promotional deals, making Gate.io an exchange that isn’t afraid to have a bit of fun. If fun is what a trader is looking for really is a matter of preference.
What We Rated Gate.io:
Sign-Up Process: 4.5/5
Signing up at Gate.io is more or less what is expected. The registration forms are easily understood, account activation is quick, and instructions are clear. Given that the platform embraces Anti-Money Laundering (AML) laws, however, each new trader must complete the Know Your Customer (KYC) process. This means that verified identification documents must be provided.
Deposits And Withdrawals: 4.8/5
Gate.io does not support any fiat currencies. This is a benefit and a drawback, depending on trader preference. As far as deposits and withdrawals are concerned crypto exclusivity is a benefit, given that all transactions are extremely quick.
Available Assets and Ways to Trade: 5/5
Gate.io may not support fiat currencies, but it does support a staggering number of cryptos. An incredible 1,400 in total are supported, more than the vast majority of other exchanges.
Customer Service: 4.5/5
We value customer support, particularly at crypto exchanges. Thankfully we found the support at Gate.io to be acceptable.
Security and Regulation: 4.2/5
Gate.io is not regulated; a big problem for many professional traders. On the other hand the KYC process is compulsory, meaning that effort is being put into keeping illegal traders at bay. Basic security itself is good, with the platform going to great lengths to keep transactions safe behind encryption technology.
|Profit Close Rate:||85%+|
|Registration:||Free (With Verification)|
|Verification:||Under 10 Minutes|
|Initial Deposit:||Depends on currency|
|Withdrawal Time:||1–2 hours|
|Automated Trading:||Bot integration supported|
|Order Execution Time:||Less than 1ms|
|User Data Encryption:||Yes (AES 256-bit)|
Is Gate.io Legit or a Scam?
Gate.io may be leaning into the fun side of crypto trading, but the devs still take security and safety very seriously. Every user must complete the Know Your Customer (KYC) process, meaning that scammers and other bad characters are forcefully kept out. Those that demand regulation, however, may be uncomfortable using the platform.
Gate.io Features and Differentiators
Gate.io is a mixed bag for sure, excelling in some areas and lacking in others. As far as features are concerned, however, it is difficult to fault the platform. The site offers an incredible amount of competitions, prizes and other incentives, so much so that it is difficult to list them all.
A few example features include the Rich Rewards system that gives out awards for completing simple tasks. Regular Trading Competitions give enormous prizes to the most active traders, with an incredible $12,000 up for grabs. Traders are even rewarded for reading and sharing blogs. Then there is the Bounty Creator; a system that reward writers for creating social media content that publicises the platform.
Gate.io leans heavily into bright colours, fun graphics and interesting visuals. It is all clearly designed to be as appealing as possible, which certainly isn’t a problem. As far as usability is concerned the platform also excels, with even the newest traders sure to easily find their way around.
Place Trades Simultaneously
Gate.io does not offer built-in account automation, but does support trade bot integration. Bots are great for savvy traders that know what they’re doing, aren’t interested in the hassle, and just want to get busy earning. Properly customised bots are even capable of seeking out and initiating multiple trades at the same time.
The best part about bot trading? That emotions are left at the door. Smart trade is based on facts and statistics, not on emotions.
Zero Licensing Cost
Gate.io does not charge licensing fees or trade fees on most of its services. Certain trades do have fees, but the amount charged is as low as 0.03%.
Given the low fees, rewards programs and other profit emphasising services there is a chance of making good money at Gate.io. How successful a trader is does, of course, largely depend on the individual.
Trade Multiple Cryptocurrencies
The number of supported cryptos is where Gate.io truly shines. Over 1,400 cryptos are supported, dramatically more than most other exchanges. Not every supported crypto will be gold, of course, but it is the freedom and flexibility that some traders value. Who knows which the next big crypto will be? Traders are free to explore, check them all out, and invest where they see potential.
Secure Socket Layer (SSL) protection is the standard form of defence at online banks. The same system is used at Gate.io.
Given that Gate.io only supports cryptos, withdrawals are extremely quick. Most withdrawals are processed and completed in a few hours, or often even instantly.
Customer Support Department
Customer support is the cornerstone of every crypto exchange. At Gate.io customer support is taken very seriously. A dedicated team is standing by 24 hours a day to offer assistance.
Demo Trading Account
Gate.io provides demo trading for new users. Those that are unfamiliar with the crypto market can use the demo account to get familiar with the platform.
How to Register with Gate.io
Traders interested in signing up with Gate.io and making use of the services need to complete the registration process. Registration shouldn’t take more than a few minutes, but can be hastened by having required documentation close at hand. Remember; the KYC process must be completed before an account will be activated.
1. Registration Form
The registration form at Gate.io is easily understood and shouldn’t take more than a few moments to complete.
2. Make Your First Deposit
After account registration, and the KYC process is completed, a first deposit can be made. Crypto deposits are simple, though the correct steps need to be taken. The desired crypto must be selected, an address generated, and that same address entered at the appropriate wallet. The transfer should then process automatically.
3. Demo or Live Trade
After the first deposit a trader can now choose to trade live, or with the demo account. It is highly recommended that traders new to the platform use the demo trading feature first.
Tips for Making the Most of Gate.io
Crypto trade is exciting, interesting and potentially profitable. But how can traders get the most out of their Gate.io account? Let’s take a look at a few helpful hints and tips.
Invest the Minimum at First
Investing is a tricky prospect. Based on information, tips or just a hunch, a new trader may be inclined to invest big immediately. This isn’t recommended. New traders should start by only investing the minimum allowed amount. Remember; crypto markets are volatile. Who knows if an investment will succeed, or land up being a loss?
Keep Track of Your Cryptos
Once a few cryptos have been purchased it is essential to keep track of their value. Whether a crypto will be worth more or less in a few days really is unpredictable.
Spend 20 Minutes on Your Account Daily
New skills need to be honed, that includes with crypto trading. New traders should spend no less than 20 minutes on their account each day. The more time spent learning about cryptos, the better future trades will be.
As much as Gate.io focuses on promotions and competitions, crypto investment is not a game. All investments should be treated seriously and undertaken responsibly.
Keep Track of Your Transactions
Keeping track of all transactions is essential.
The Brief History of Crypto and Gate.io
Unknown to many traders, Gate.io is actually the longest running Chinese crypto currency exchange. The platform was first established in 2013 by Lin Han, long before the crypto boom took the world by storm. Though, at the time of being established the site was known as Bter.com. It also only focused on Bitcoin.
In 2017, however, the Chinese government stepped in and put a restriction on fiat to crypto exchanges. This forced the platform to not only drop fiat trading options, but also to rebrand to Gate.io. Since then the platform has flourished, expanded, and now boasts an impressive number of regular users. The platform has also recently revealed that it intends on launching its own dedicated blockchain, known as Gatechain.
Alternatives to Gate.io:
There are multiple alternative exchanges to consider, including Kraken, Binance, Gemini, Bitcoin.com, Crypto.com, Coinbase and more.
Frequently Asked Questions About Gate.io
What is Gate.io and How Does It Work?
Gate.io is cryptocurrency exchange that allows traders to engage with the market. After account registration trades and purchases may be initiated.
How Much Profit Can I Make with Gate.io?
Trader success is largely dependent on how investments are handled, which cryptos are purchased, and how wisely the market is tackled.
Is Gate.io Free to Use?
Account registration is free, and many of the trades are also free. Some trades are subject to extremely modest fees.
Gate.io App - is One Available?
The Gate.io dedicated app is free to download.
Where is Gate.io Available?
Gate.io is focused mainly on Asian markets, but plans are underway to expand to broader regions.
Gate.io is a well-respected, long running crypto currency exchange with a strong reputation. The focus of the platform is on promotions, rewards and entertainment. But that doesn’t mean that excellent service isn’t also provided.
Professional and veteran traders may find the platform to be a bit over the top, but casual traders and newcomers will find plenty to love here. Simply put; Gate.io is accurate to its name, acting as a perfect gateway into the world of crypto trading.