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Gate.io cryptocurrency exchange review

Gate.io

8.4

Rating

8.4/10

Pros

  • A lot of cryptocurrencies
  • Low fee exchange
  • Mobile app
  • Easy to use

Cons

  • ex. Bter chinese exchange
  • Unregulated
  • no transparency
  • No Fiat Payment Options

About Gate.io exchange

Gate.io may be a cryptocurrency exchange platform that started in 2017; (it was B-TER an ex chinese exchange) the location is out there in each English and Chinese and provides access to a good vary of cryptocurrencies. there’s presently very little data out there on the corporate or team behind the exchange and despite being unaccustomed the trade, the exchange has big steady and accounts for a major quantity of daily cryptocurrency commerce.

The platform operates as a crypto to crypto exchange and supports BTC, ETH, USDT and QTUM commerce pairs. Gate.io presently experiences some $40m price of daily commerce activity with the bulk of commerce happening within the style of BTC, ETH, EOS, BTM, ONT, and USDT pairings.

As a replacement entrant to the market Gate.io is presently acceptive new registrations and accounts are often created freed from charge.

Gate.io exchange Key options

practicality – commerce largely takes place on a web-based commerce platform that’s just like most cryptocurrency exchanges. the location incorporates variety of practical options like associate order book, commerce history, and charting. the general expertise isn’t as polished as a number of the passed through exchanges however it remains practical and responsive. additionally to the current Gate.io provides a mobile app that’s out there to each iOS and humanoid users.

Low Fee –io operates a coffee fee system in relevancy most cryptocurrency exchanges and as a crypto to crypto exchange; a fee of zero.2% applies to all or any trades dead on the platform. A withdrawal fee is subtracted from every explicit plus and also the fee quantity depends on the digital currency that you just like better to withdraw.

Security – The team behind the exchange utilize each cold storage and a hot billfold so as to store funds and shopper accounts square measure secured by victimization 2 issue authentication and a mixture of passwords. The” login password” is employed so as to log in your Gate.io account, whereas the “fund password” is employed to access commerce and plus withdrawals. the 2 passwords should differ and users square measure suggested to use an online service with a hard and fast information science once setting passwords.

client Support – there’s a support section as long as seeks to associateswer the foremost common queries via an listing feature and a replacement User Guide. Users can even submit tickets so as to debate additional specific problems with the support team. The team presently communicates with users in either English or Chinese. The team are assessable via their Twitter account and wire cluster.

Gate.io Supported Currencies

While Gate.io doesn’t supply decree commerce choices, it will offer access to over 250 crypto to crypto commerce pairs. a good vary of digital currencies are often listed via BTC, ETH, USDT and QTUM.

The list of coins out there at Gate.io includes Bitcoin, Ethereum, Litecoin, Ripple, Dash, Qtum, OmiseGO, EOS, Zcash, and Dogecoin. Newer entrants to the market like metaphysics, Nebulas, and Zilliqa are out there. The commerce instruments square measure sorted into many classes such as: USDT Markets, BTC Markets, and ETH Markets. there’s conjointly associate choice to produce a custom cluster, via the My Markets feature.

Gate.io exchange Fees

Gate.io outlines its fees here, and also the fee structure is presently as follows:

  • No fee for deposits.
  • 0.2% fee for commerce.

If you increase to a better tier, you may get pleasure from a reduction from the zero.2% commerce fees.

Withdrawal fees vary for every coin, it’s necessary to log into your account and access the withdrawal page so as to visualize the withdrawal fee for your required coin.

The withdrawal page conjointly states the minimum /maximum withdrawal limit for every single dealings. the bounds indicated relate to the withdrawal of a selected digital currency for one dealings. additionally, the most withdrawal limit isn’t essentially adequate to your daily limit. Your twenty four hour daily limit are often raised and if you need a bigger daily limit you’re suggested to submit a price ticket.

Is Gate.io Safe?

The exchange utilizes each cold storage and a hot billfold so as to store funds and has not nevertheless presently been hacked. Gate.io conjointly offers two-factor authentication, SMS notifications and KYC verifications.

Client accounts square measure secured by victimization 2 issue authentication and a mixture of a ” login password” that permits users to log into their Gate.io account, and a “fund password” that provides access to commerce and plus withdrawals. once linguistic communication up to the exchange users square measure suggested to:

  • Set sturdy login secret and fund secret.
  • Check the Bind information science box for login.
  • change two-factor authentication for your account.
  • Secure the e-mail tied to your Gate.io account with a robust secret and two-factor authentication.
  • Gate.io conjointly utilizes a bed verification system for higher deposit accounts. For any withdrawals stuck in confirmative standing, it’s necessary to travel through the KYC2 stage.
  • To perform the KYC verification you’ll be able to access your account, then click Wallet> KYC to transfer your picture card and needed data.
  • After finishing KYC1, you’ll be able to still undergo KYC2, and once finishing the KYC2 verification, your withdrawal are processed straight off.

Conclusion

Gate.io may be a comparatively new cryptocurrency exchange that contains a wide selection of cryptocurrencies out there to trade. the location is mostly practical and offers several of the options that may be found on passed through sites. the location isn’t extremely exceptional in any approach and doesn’t extremely stand out from its competition. However, people with important holdings in Qtum could also be drawn to the likelihood of victimization the currency once commerce on the location.

The exchange can most likely charm to traders trying to find specific coins that can’t be found on sites like Binance or Kucoin and will conjointly prove enticing to Chinese traders. The team behind the exchange are a mystery gate.io seems to be operational fully unregulated at the instant. As a result, it’s going to not be a decent plan to stay any assets on the exchange or to conduct sizeable trades on the platform. web site|the location|the positioning} could sway be most helpful to skilled and braver cryptocurrency enthusiasts that will be trying {to find|searching for} an alternate to a site like Cryptotopia that’s renowned for listing exhausting to find cryptocurrencies.

ADDRESS

Gate.io company is in PO Box 2804, Grand Cayman KY1-1112 , Cayman Island.

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