If you would like the very best crypto exchanges for buying and selling and investing, Gate.io could be in your radar. Launched in 2013, this platform has grow to be a outstanding participant within the crypto market, identified for its intensive number of over 2,500 altcoins. This Gate.io assessment dives into its buying and selling options, payment construction, person expertise, and safety measures that will help you decide if it’s the best match to your wants.
Key Takeaways:
Gate.io is a cryptocurrency trade that provides superior buying and selling options equivalent 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 costs 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 offered on each Android and iOS and helps buying and selling in over 2,500 cryptocurrencies, making it a flexible instrument for merchants on the go.
Gate.io Evaluation: 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 (gasoline charges solely)Safety Options2FA, chilly storage, PoR, multi-sig wallets, safety audits, and extraCellular AppSure (iOS & Android)Buyer Help24/7 dwell chat, e mailKYC RequirementSureLeverageAs much as 125x for perpetual futures contractsStaking ChoicesVersatile and gluedSuperior 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 SAFUInternational Availability100+ international locations (not U.S.)Our Total 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.
By way of market presence, Gate.io persistently ranks among the many high 10 cryptocurrency exchanges by buying and selling quantity. It recorded a every day buying and selling quantity of over $4.95 billion, reflecting its robust liquidity and lively person base. The platform operates beneath 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 gives customers with advantages equivalent 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 present.
The Gate.io trade helps over 2,500 cryptocurrencies, making it one of many exchanges with the widest number of altcoins. It additionally gives superior buying and selling options, equivalent to margin buying and selling, futures contracts, and staking companies. Therefore, we are able to 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.
Execs
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 earnings, together with versatile and locked stakingSuperior order kinds of high-volume merchantsPerson-friendly cell app for Android and iOS units
Cons
Doesn’t permit fiat foreign money withdrawals, making it tough to money out instantlyNot accessible in areas just like the USA resulting from regulatory restrictionsPrimarily unregulated crypto buying and selling in comparison with different exchanges like Binance and OKX
Gate.io Charges Evaluation
Buying and selling Charges
Gate.io has a tiered payment construction primarily based on customers’ 30-day buying and selling quantity and their VIP stage. 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 fee could be lowered by holding GateToken (GT) or by taking part within the platform’s VIP program.
VIP Level30-Day Buying and selling Quantity (USD)GT Price (Maker / Taker)VIP Price (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 some extent system the place 1 level equals 1 USDT in buying and selling payment discount. Factors can be utilized in numerous 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. Nonetheless, 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 may 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 by-product contract that doesn’t have an expiration date. This implies you possibly can maintain a place indefinitely, in contrast to conventional futures contracts.
USDT-Margined Contracts: These contracts use USDT (Tether) as the bottom foreign money for each margins and income. Merchants preferring stablecoins will discover this sort simpler to handle for the reason that margin and revenue are calculated in a steady, 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 income.Inverse Contracts: Right here, cryptocurrencies are used as each the margin and the unit for calculating income or losses. As an example, in a BTC/USD contract, BTC is required to open a place, and income are additionally paid out in BTC. That is preferrred for many who already maintain crypto and need to commerce with out changing their belongings right into a stablecoin.
As well as, leverage performs an enormous position in perpetual futures on Gate.io. Merchants can borrow greater than they deposit, permitting them to take bigger positions. Gate.io at present 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 value consistent with the actual market. Merchants pay or obtain this funding payment each 8 hours, relying on whether or not they maintain an extended or quick place.
Superior Order Sorts
Right here’s a breakdown of the superior order varieties supplied by Gate.io:
TP/SL (Take Revenue/Cease Loss): With a Take Revenue order, you possibly can 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 routinely promoting if the worth falls to a set stage. This mixture is ideal for merchants who need to cut back threat with out having to consistently watch the market.Iceberg Order: When you’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 kind is all about minimizing threat. Once you place a reduce-only order, it’s going to solely decrease the dimensions of your current place. It gained’t allow you to unintentionally improve your publicity. So, if you happen to’re in a commerce and need to progressively exit, you should utilize reduce-only to ensure you don’t find yourself holding greater than you plan to.TWAP (Time-Weighted Common Worth): TWAP is right whenever you need to unfold out a big order over time, slightly than executing it unexpectedly. It helps you get a median value over a particular interval, which might 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 proportion, the order triggers.
Earn and Staking
Gate.io provides two kinds of staking choices. With versatile staking, you possibly can deposit your crypto and earn rewards, however you could have the liberty to withdraw your funds at any time. That is preferrred if you wish to maintain your funds accessible.
Alternatively, mounted staking locks up your belongings for a particular interval (like 7, 14, or 30 days) in trade for increased rewards. In versatile staking, you earn solely 10-15% APY, whereas versatile staking provides over 100% APY.
It additionally provides different crypto-earn merchandise equivalent to:
Twin Funding: It lets you earn primarily based on two totally different currencies, often a crypto asset and a stablecoin (like BTC and USDT). Relying in the marketplace’s motion, your payout will probably be in one of many two currencies.Quant Fund: The Quant Fund is an automatic buying and selling instrument that makes use of algorithms to handle your investments. This characteristic lets you spend money on methods which might be routinely adjusted primarily based on market situations. Quant funds could 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 current belongings as collateral. When you personal crypto however don’t need to promote it, you possibly can 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 helpful for many who want liquidity with out desirous to promote their long-term investments.
Gate.io additionally provides an “Auto-Make investments” characteristic. That is good for customers who need to comply with a dollar-cost averaging (DCA) technique, the place you make investments small quantities over time as a substitute of creating giant, one-time purchases. It’s a hands-off solution to construct your portfolio steadily.
Buying and selling Bots
Listed below are the various kinds of crypto buying and selling bots supplied 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 value intervals. The thought is to revenue from market fluctuations by routinely 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 routinely buys or sells to revive this steadiness. It’s good for these aiming to extend their holdings of particular cash slightly than specializing in short-term good points.Spot Martingale: This bot works effectively throughout downturns. It buys in rising quantities as the worth drops, which lowers the typical buy value. When the market rebounds, the bot sells unexpectedly to make a revenue. It’s helpful for merchants who consider 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.
Word: You may also 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 duplicate buying and selling service that enables customers, particularly novices, to comply with the buying and selling methods of extra skilled merchants. This characteristic is easy to make use of and useful for many who need to commerce with out intensive market information.
You may choose knowledgeable dealer primarily based on their previous efficiency, equivalent to their return on funding (ROI) or buying and selling type. When you select a dealer, the platform routinely replicates their trades in your account.
This methodology is time-efficient because you don’t have to 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 comply with.
Gate.io Safety: Is it Protected & 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 go two ranges of safety checks (Google 2FA and SMS-based OTP), and any password modifications lock withdrawals for twenty-four hours to stop unauthorized entry.
Gate.io additionally emphasizes transparency with its Proof of Reserves audit, guaranteeing customers’ funds are totally backed and verifiable via 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 may commerce over 2,500 totally different digital belongings, together with common cash like Bitcoin (BTC), Ethereum (ETH), and altcoins equivalent to Dogecoin (DOGE) and Shiba Inu (SHIB). It additionally lists newly launched tokens and helps numerous area of interest and DeFi tasks.
Is Gate.io App Person-Pleasant?
Gate.io’s cell app is designed to be user-friendly. It contains a clear buying and selling interface with simple navigation, permitting you to commerce and handle your belongings effortlessly.
The app helps a wide range of features, together with dwell crypto market information, buying and selling, staking, and extra. Critiques spotlight the app’s reliability and fast customer support, making it a handy instrument for managing cryptocurrency portfolios on the go. With help for iOS and Android units, it ensures a easy expertise for merchants worldwide.
Buyer Service and Person Satisfaction
Gate.io provides responsive customer support via numerous channels like dwell chat, e mail, and social media. Its help is offered 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 dealing with points associated to buying and selling, withdrawals, or technical glitches. Moreover, Gate.io steadily runs interactive actions and provides guides that will help you take advantage of its options, which reinforces the general person expertise.
Gate.io vs Different Cryptocurrency Exchanges
MEXC and Binance are two of the most well-liked alternate options to the Gate.io crypto trade. Right here is the short Gate.io vs MEXC and Gate.io vs Binance comparability:
FeaturesGate.ioMEXCBinanceLaunched Date201320182017Finest 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 Costs0.% maker/taker0% maker and 0.1% taker0.1% maker/takerUS Availability✗✗Separate platform Binance US accessibleNative TokenGTMXBNB
Ultimate Verdict
In conclusion, the Gate.io assessment highlights a good and versatile world cryptocurrency trade. With its intensive vary of options, low buying and selling charges, and sturdy safety measures, it stands out as a powerful choice 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 gives a complete platform to satisfy your wants. Nonetheless, it’s restricted in sure international locations such because the U.S., Canada, and the UK.
FAQs: Gate.io Change Evaluation
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 persistently ranks among the many high exchanges primarily based on belief scores from respected sources like CoinGecko.
The platform emphasizes safety, using measures equivalent to two-factor authentication and chilly storage for many of its belongings. Gate.io has additionally revealed its PoR information, which showcases its asset backing, reinforcing person confidence. Nonetheless, 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, equivalent 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 the US resulting from regulatory restrictions. Nonetheless, you possibly can nonetheless use its Web3 companies within the U.S. For the U.S. merchants, you possibly can take a look at Coinbase or Kraken.
Which international locations can use Gate.io?
Gate.io is offered in 100+ international locations, making it accessible to customers worldwide. This trade primarily targets areas with fewer regulatory restrictions. It’s at present 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 instantly from Gate.io to a checking account. The platform doesn’t help 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 possibly can convert it into fiat foreign money utilizing third-party companies like MoonPay or Banxa. These companies allow you to promote your cryptocurrency for fiat currencies, which might then be deposited into your checking account.
