If you need one of the best crypto exchanges for buying and selling and investing, Gate.io is perhaps in your radar. Launched in 2013, this platform has turn out to be a outstanding participant within the crypto market, recognized for its intensive collection of over 2,500 altcoins. This Gate.io evaluate dives into its buying and selling options, payment construction, person expertise, and safety measures that can assist you decide if it’s the correct match to your wants.
Key Takeaways:
Gate.io is a cryptocurrency trade that provides superior buying and selling options corresponding to margin buying and selling, 125x leverage buying and selling, P2P buying and selling, copy buying and selling, and automatic buying and selling bots.Gate.io expenses a base buying and selling payment of 0.1% maker/taker for the spot market and 0.02% maker and 0.05% taker for futures contracts.The Gate.io app is out there on each Android and iOS and helps buying and selling in over 2,500 cryptocurrencies, making it a flexible software for merchants on the go.
Gate.io Assessment: At a Look
Based2013HeadquartersCayman IslandsSupported Cryptos2,500+Buying and selling Charges0.1% maker/taker for spot buying and selling, 0.02% maker and 0.05% taker for futures buying and sellingWithdrawal ChargesVaries by crypto (fuel charges solely)Safety Options2FA, chilly storage, PoR, multi-sig wallets, safety audits, and extraCellular AppSure (iOS & Android)Buyer Assist24/7 dwell chat, e mailKYC RequirementSureLeverageAs much as 125x for perpetual futures contractsStaking ChoicesVersatile and stuckSuperior Buying and selling OptionsCopy buying and selling, buying and selling bots, API buying and selling, P2P buying and selling, and margin buying and sellingInsurance coverage Fund$100 million SAFUWorld Availability100+ international locations (not U.S.)Our General Ranking4.3/5
What’s Gate.io?
Gate.io is among the finest crypto exchanges that launched in 2013. It provides you a platform to purchase, promote, and commerce digital belongings, together with Bitcoin, Ethereum, Solana, and plenty of others. Through the years, Gate.io has grown considerably and now serves 17 million customers globally.
When it comes to market presence, Gate.io constantly ranks among the many prime 10 cryptocurrency exchanges by buying and selling quantity. It recorded a every day buying and selling quantity of over $4.95 billion, reflecting its sturdy liquidity and energetic person base. The platform operates underneath Gate Know-how Inc. and is headquartered within the Cayman Islands.
Gate.io can also be dedicated to transparency, providing Proof of Reserves (PoR) to reassure customers that their belongings are totally backed. As well as, it has launched its personal token, GateToken (GT), which supplies customers with advantages corresponding to lowered buying and selling charges. The platform additionally has an insurance coverage fund known as Gate.io SAFU, which is value over $100 million at the moment.
The Gate.io trade helps over 2,500 cryptocurrencies, making it one of many exchanges with the widest collection of altcoins. It additionally supplies superior buying and selling options, corresponding to margin buying and selling, futures contracts, and staking providers. Therefore, we will say that Gate.io’s buying and selling platform is designed for each newbie and superior customers, with a user-friendly interface and sturdy instruments for technical evaluation.
Professionals
Entry to over 2,500 digital currencies, permitting numerous buying and selling choicesIt helps distinctive merchandise like startup token gross sales and quantitative buying and selling methodsA number of staking choices for passive revenue, together with versatile and locked stakingSuperior order forms of high-volume merchantsConsumer-friendly cell app for Android and iOS units
Cons
Doesn’t permit fiat foreign money withdrawals, making it troublesome to money out straightNot accessible in areas just like the USA attributable to regulatory restrictionsPrimarily unregulated crypto buying and selling in comparison with different exchanges like Binance and OKX
Gate.io Charges Assessment
Buying and selling Charges
Gate.io has a tiered payment construction primarily based on customers’ 30-day buying and selling quantity and their VIP degree. The bottom buying and selling payment for spot buying and selling is 0.1% for each makers (those that present liquidity) and takers (those that take away liquidity). This charge will be lowered by holding GateToken (GT) or by collaborating within the platform’s VIP program.
VIP Level30-Day Buying and selling Quantity (USD)GT Charge (Maker / Taker)VIP Charge (Maker / Taker)VIP 00 USD0.09% / 0.09%0.1% / 0.1%VIP 160,000 USD0.089% / 0.089%0.099% / 0.099%VIP 2120,000 USD0.088% / 0.088%0.098% / 0.098%VIP 3240,000 USD0.087% / 0.087%0.097% / 0.097%VIP 4500,000 USD0.086% / 0.086%0.095% / 0.096%VIP 51,000,000 USD0.081% / 0.085%0.09% / 0.095%
For futures buying and selling, the taker payment begins at 0.05%, whereas the maker payment begins at 0.02%. Like spot buying and selling, these charges are additionally lowered for VIP customers. Plus, Gate.io provides a degree system the place 1 level equals 1 USDT in buying and selling payment discount. Factors can be utilized in varied buying and selling situations, which considerably decrease buying and selling prices.
Deposit and Withdrawal Charges
Gate.io doesn’t cost any deposit charges for cryptocurrencies, making it simpler to fund your account. Nevertheless, withdrawal charges differ primarily based on the cryptocurrency being withdrawn.
For instance, withdrawing Bitcoin (BTC community) has a payment of 0.0001 BTC, whereas Ethereum (ERC-20) withdrawals are charged 0.002 ETH. These charges are repeatedly adjusted primarily based on community situations.
You’ll be able to take a look at the full particulars of the Gate.io payment construction right here.
Gate.io Key Options
Perpetual Futures Buying and selling
Gate.io provides perpetual futures buying and selling, a kind of spinoff contract that doesn’t have an expiration date. This implies you’ll be able to maintain a place indefinitely, not like conventional futures contracts.
USDT-Margined Contracts: These contracts use USDT (Tether) as the bottom foreign money for each margins and earnings. Merchants preferring stablecoins will discover this kind simpler to handle because the margin and revenue are calculated in a secure, fiat-like cryptocurrency. Examples embody BTC/USDT or ETH/USDT contracts, that are nice for customers who need to keep away from utilizing crypto for margin or earnings.Inverse Contracts: Right here, cryptocurrencies are used as each the margin and the unit for calculating earnings or losses. As an illustration, in a BTC/USD contract, BTC is required to open a place, and earnings are additionally paid out in BTC. That is perfect for individuals who already maintain crypto and need to commerce with out changing their belongings right into a stablecoin.
As well as, leverage performs a giant position in perpetual futures on Gate.io. Merchants can borrow greater than they deposit, permitting them to take bigger positions. Gate.io at the moment helps 125x leverage for BTC and ETH contracts and 100x for lower-cap stablecoins.
Additionally, since perpetual contracts don’t have any expiry, Gate.io makes use of funding charges to maintain the contract worth according to the actual market. Merchants pay or obtain this funding payment each 8 hours, relying on whether or not they maintain a protracted or quick place.
Superior Order Sorts
Right here’s a breakdown of the superior order varieties provided by Gate.io:
TP/SL (Take Revenue/Cease Loss): With a Take Revenue order, you’ll be able to lock in your good points as soon as the worth hits your required goal. In the meantime, a Cease Loss helps restrict your losses by robotically promoting if the worth falls to a set degree. This mixture is ideal for merchants who need to scale back threat with out having to continually watch the market.Iceberg Order: For those who’re buying and selling a big quantity however don’t need to reveal the complete dimension of your order, an Iceberg order breaks it down into smaller chunks. Solely a small a part of the order is seen to others at a time within the orderbook.Scale back-only: This order sort is all about minimizing threat. Whenever you place a reduce-only order, it is going to solely decrease the scale of your present place. It received’t allow you to unintentionally improve your publicity. So, in the event you’re in a commerce and need to step by step exit, you need to use reduce-only to ensure you don’t find yourself holding greater than you propose to.TWAP (Time-Weighted Common Value): TWAP is good if you need to unfold out a big order over time, fairly than executing it . It helps you get a median worth over a selected interval, which may forestall your giant order from inflicting sudden market swings.Trailing Reversal Order: A trailing reversal order is like having an automated technique for catching market reversals. It follows the worth because it strikes, and if the market swings the opposite means by a set share, the order triggers.
Earn and Staking
Gate.io provides two forms of staking choices. With versatile staking, you’ll be able to deposit your crypto and earn rewards, however you might have the liberty to withdraw your funds at any time. That is perfect if you wish to hold your funds accessible.
Alternatively, mounted staking locks up your belongings for a selected interval (like 7, 14, or 30 days) in trade for larger rewards. In versatile staking, you earn solely 10-15% APY, whereas versatile staking provides over 100% APY.
It additionally provides different crypto-earn merchandise corresponding to:
Twin Funding: It lets you earn primarily based on two completely different currencies, normally a crypto asset and a stablecoin (like BTC and USDT). Relying available on the market’s motion, your payout will likely be in one of many two currencies.Quant Fund: The Quant Fund is an automatic buying and selling software that makes use of algorithms to handle your investments. This characteristic lets you put money into methods which might be robotically adjusted primarily based on market situations. Quant funds will be designed to commerce primarily based on technical indicators or different market components.Crypto Mortgage: Gate.io’s crypto mortgage service permits customers to borrow crypto through the use of their present belongings as collateral. For those who personal crypto however don’t need to promote it, you’ll be able to take out a mortgage in stablecoins or different crypto belongings, utilizing your holdings to safe the mortgage. When you repay the mortgage, you get your collateral again. This selection is beneficial for individuals who want liquidity with out desirous to promote their long-term investments.
Gate.io additionally provides an “Auto-Make investments” characteristic. That is excellent for customers who need to observe a dollar-cost averaging (DCA) technique, the place you make investments small quantities over time as an alternative of creating giant, one-time purchases. It’s a hands-off approach to construct your portfolio steadily.
Buying and selling Bots
Listed below are the various kinds of crypto buying and selling bots provided by the Gate.io trade:
Spot and Futures Grid: These bots use a grid buying and selling technique. They place purchase and promote orders at preset worth intervals. The concept is to revenue from market fluctuations by robotically shopping for low and promoting excessive. The spot grid is appropriate for long-only methods, whereas the futures grid can be utilized in each rising and falling markets.Good Rebalance: This helps you handle a portfolio by adjusting asset ratios when costs fluctuate. You set a goal allocation (e.g., 40% BTC, 60% ETH), and the bot robotically buys or sells to revive this stability. It’s excellent for these aiming to extend their holdings of particular cash fairly than specializing in short-term good points.Spot Martingale: This bot works effectively throughout downturns. It buys in growing quantities as the worth drops, which lowers the common buy worth. When the market rebounds, the bot sells to make a revenue. It’s helpful for merchants who imagine costs will get better after a fall.Spot-Futures Arbitrage: This technique goals to revenue from the worth distinction between spot and futures markets. The bot buys within the spot market and sells within the futures market, or vice versa.
Notice: You can even create your individual buying and selling bot or copy different bots primarily based in your buying and selling technique.
Copy Buying and selling
Gate.io provides a replica buying and selling service that permits customers, particularly rookies, to observe the buying and selling methods of extra skilled merchants. This characteristic is easy to make use of and useful for individuals who need to commerce with out intensive market data.
You’ll be able to choose knowledgeable dealer primarily based on their previous efficiency, corresponding to their return on funding (ROI) or buying and selling type. When you select a dealer, the platform robotically replicates their trades in your account.
This methodology is time-efficient because you don’t must actively monitor the market. You merely copy the trades of a profitable dealer. Gate.io’s copy buying and selling platform tracks over $1.95 billion in worth and highlights the top-performing merchants on its leaderboard, making it simpler to resolve which dealer to observe.
Gate.io Safety: Is it Secure & Legit?
Gate.io is taken into account a safe and bonafide cryptocurrency trade. It makes use of superior safety features like multi-signature wallets, the place asset transfers require a number of authorizations, which provides an additional layer of safety. It additionally makes use of chilly storage for person fund storage.
For withdrawals, customers should cross two ranges of safety checks (Google 2FA and SMS-based OTP), and any password adjustments lock withdrawals for twenty-four hours to forestall unauthorized entry.
Gate.io additionally emphasizes transparency with its Proof of Reserves audit, guaranteeing customers’ funds are totally backed and verifiable by means of third-party audits like these carried out by Armanino LLP. With these safety measures in place, Gate.io has gained belief over its a few years of operation since 2013.
Gate.io Supported Cryptocurrencies
Gate.io provides one of many largest alternatives of cryptocurrencies on any trade. You’ll be able to commerce over 2,500 completely different digital belongings, together with in style cash like Bitcoin (BTC), Ethereum (ETH), and altcoins corresponding to Dogecoin (DOGE) and Shiba Inu (SHIB). It additionally lists newly launched tokens and helps varied area of interest and DeFi initiatives.
Is Gate.io App Consumer-Pleasant?
Gate.io’s cell app is designed to be user-friendly. It incorporates a clear buying and selling interface with simple navigation, permitting you to commerce and handle your belongings effortlessly.
The app helps quite a lot of features, together with dwell crypto market knowledge, buying and selling, staking, and extra. Critiques spotlight the app’s reliability and fast customer support, making it a handy software for managing cryptocurrency portfolios on the go. With assist for iOS and Android units, it ensures a clean expertise for merchants worldwide.
Buyer Service and Consumer Satisfaction
Gate.io provides responsive customer support by means of varied channels like dwell chat, e mail, and social media. Its assist is out there 24/7, and the platform is praised for its fast responses and useful help.
Many customers report excessive satisfaction with the general customer support expertise, discovering it dependable when going through points associated to buying and selling, withdrawals, or technical glitches. Moreover, Gate.io regularly runs interactive actions and provides guides that can assist you take advantage of its options, which boosts the general person expertise.
Gate.io vs Different Cryptocurrency Exchanges
MEXC and Binance are two of the preferred options to the Gate.io crypto trade. Right here is the fast Gate.io vs MEXC and Gate.io vs Binance comparability:
FeaturesGate.ioMEXCBinanceLaunched Date201320182017Greatest forSpot and Futures Buying and sellingNo-KYC altcoin buying and sellingExcessive quantity and liquiditySolvent (PoR)✓✓✓Most Leverage125X200x125xWeb3 Ecosystem✓✗✓Margin Buying and selling✓✗✓Choices Buying and selling✗✗✓Supported Cryptos2500+2800+400+Buying and selling Prices0.% maker/taker0% maker and 0.1% taker0.1% maker/takerUS Availability✗✗Separate platform Binance US accessibleNative TokenGTMXBNB
Last Verdict
In conclusion, the Gate.io evaluate highlights a good and versatile international cryptocurrency trade. With its intensive vary of options, low buying and selling charges, and sturdy safety measures, it stands out as a powerful possibility for each new and skilled merchants.
Whether or not you have an interest in buying and selling Bitcoin, Ethereum, or lesser-known altcoins, Gate.io supplies a complete platform to fulfill your wants. Nevertheless, it’s restricted in sure international locations such because the U.S., Canada, and the UK.
FAQs: Gate.io Alternate Assessment
Is Gate.io reliable?
Sure, Gate.io is taken into account a reliable cryptocurrency trade by many within the crypto group. It has been working since 2013 and constantly ranks among the many prime exchanges primarily based on belief scores from respected sources like CoinGecko.
The platform emphasizes safety, using measures corresponding to two-factor authentication and chilly storage for many of its belongings. Gate.io has additionally printed its PoR knowledge, which showcases its asset backing, reinforcing person confidence. Nevertheless, it’s not regulated by any main monetary company.
Does Gate.io require KYC?
Sure, Gate.io mandates customers to finish a Know Your Buyer (KYC) course of to reinforce safety and adjust to regulatory requirements. The KYC process sometimes entails submitting identification paperwork, corresponding to a government-issued ID, and verifying your id.
Accounts that full the KYC1 verification can withdraw a most of $2 million USDT per day, whereas those who efficiently full the KYC2 verification have an elevated withdrawal restrict of $5 million.
Is Gate.io accessible within the U.S.?
No, Gate.io just isn’t accessible to customers in america attributable to regulatory restrictions. Nevertheless, you’ll be able to nonetheless use its Web3 providers within the U.S. For the U.S. merchants, you’ll be able to take a look at Coinbase or Kraken.
Which international locations can use Gate.io?
Gate.io is out there in 100+ international locations, making it accessible to customers worldwide. This trade primarily targets areas with fewer regulatory restrictions. It’s at the moment restricted to the United States of America, Mainland China, Canada, France, the UK, and extra.
Are you able to switch cash from Gate.io to a checking account?
No, you can not switch cash straight from Gate.io to a checking account. The platform doesn’t assist direct crypto-to-bank withdrawals. As a substitute, you might be allowed to withdraw cryptocurrencies to an exterior pockets.
As soon as the crypto is in your pockets, you’ll be able to convert it into fiat foreign money utilizing third-party providers like MoonPay or Banxa. These providers allow you to promote your cryptocurrency for fiat currencies, which may then be deposited into your checking account.
