In order for you one of the best crypto exchanges for buying and selling and investing, Gate.io could be in your radar. Launched in 2013, this platform has turn into a distinguished participant within the crypto market, identified for its intensive collection of over 2,500 altcoins. This Gate.io evaluate dives into its buying and selling options, charge construction, person expertise, and safety measures that can assist you decide if it’s the fitting match to your wants.
Key Takeaways:
Gate.io is a cryptocurrency alternate that provides superior buying and selling options similar 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 fees a base buying and selling charge 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 obtainable 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 Evaluate: 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 extraCell AppSure (iOS & Android)Buyer Help24/7 reside chat, electronic 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 likely one of the finest crypto exchanges that launched in 2013. It presents you a platform to purchase, promote, and commerce digital belongings, together with Bitcoin, Ethereum, Solana, and lots of others. Over time, Gate.io has grown considerably and now serves 17 million customers globally.
By way of market presence, Gate.io constantly 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 energetic person base. The platform operates below Gate Know-how Inc. and is headquartered within the Cayman Islands.
Gate.io can be dedicated to transparency, providing Proof of Reserves (PoR) to reassure customers that their belongings are absolutely backed. As well as, it has launched its personal token, GateToken (GT), which offers customers with advantages similar to lowered buying and selling charges. The platform additionally has an insurance coverage fund referred to as Gate.io SAFU, which is price over $100 million at present.
The Gate.io alternate helps over 2,500 cryptocurrencies, making it one of many exchanges with the widest collection of altcoins. It additionally offers superior buying and selling options, similar 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.
Professionals
Entry to over 2,500 digital currencies, permitting various 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 forms of high-volume merchantsConsumer-friendly cellular app for Android and iOS units
Cons
Doesn’t enable 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 Evaluate
Buying and selling Charges
Gate.io has a tiered charge construction primarily based on customers’ 30-day buying and selling quantity and their VIP degree. The bottom buying and selling charge for spot buying and selling is 0.1% for each makers (those that present liquidity) and takers (those that take away liquidity). This fee may 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 Fee (Maker / Taker)VIP Fee (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 charge begins at 0.05%, whereas the maker charge begins at 0.02%. Like spot buying and selling, these charges are additionally lowered for VIP customers. Plus, Gate.io presents some extent system the place 1 level equals 1 USDT in buying and selling charge discount. Factors can be utilized in numerous buying and selling eventualities, 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 charge of 0.0001 BTC, whereas Ethereum (ERC-20) withdrawals are charged 0.002 ETH. These charges are usually adjusted primarily based on community circumstances.
You may take a look at the full particulars of the Gate.io charge construction right here.
Gate.io Key Options
Perpetual Futures Buying and selling
Gate.io presents perpetual futures buying and selling, a sort of spinoff contract that doesn’t have an expiration date. This implies you may 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 income. Merchants preferring stablecoins will discover this kind simpler to handle because the margin and revenue are calculated in a secure, fiat-like cryptocurrency. Examples embrace BTC/USDT or ETH/USDT contracts, that are nice for customers who wish 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 ideally suited for many who already maintain crypto and wish 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 present helps 125x leverage for BTC and ETH contracts and 100x for lower-cap stablecoins.
Additionally, since perpetual contracts haven’t any expiry, Gate.io makes use of funding charges to maintain the contract worth in keeping with the true market. Merchants pay or obtain this funding charge each 8 hours, relying on whether or not they maintain an extended or brief place.
Superior Order Varieties
Right here’s a breakdown of the superior order sorts provided by Gate.io:
TP/SL (Take Revenue/Cease Loss): With a Take Revenue order, you may lock in your positive factors 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 degree. This mix is ideal for merchants who wish to scale back danger with out having to continuously watch the market.Iceberg Order: For those who’re buying and selling a big quantity however don’t wish to reveal the total measurement 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.Cut back-only: This order kind is all about minimizing danger. Once you place a reduce-only order, it should solely decrease the scale of your present place. It gained’t allow you to by accident enhance your publicity. So, when you’re in a commerce and wish to regularly exit, you need to use reduce-only to be sure you don’t find yourself holding greater than you propose to.TWAP (Time-Weighted Common Worth): TWAP is good whenever you wish to unfold out a big order over time, moderately than executing it abruptly. It helps you get a median worth over a particular interval, which might stop 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 approach by a set proportion, the order triggers.
Earn and Staking
Gate.io presents two forms of staking choices. With versatile staking, you may deposit your crypto and earn rewards, however you’ve got the liberty to withdraw your funds at any time. That is ideally suited if you wish to preserve your funds accessible.
However, fastened staking locks up your belongings for a particular interval (like 7, 14, or 30 days) in alternate for greater rewards. In versatile staking, you earn solely 10-15% APY, whereas versatile staking presents over 100% APY.
It additionally presents different crypto-earn merchandise similar to:
Twin Funding: It permits you to earn primarily based on two totally different currencies, normally a crypto asset and a stablecoin (like BTC and USDT). Relying in the marketplace’s motion, your payout will likely 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 function permits you to put money into methods which are routinely adjusted primarily based on market circumstances. Quant funds may 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 by utilizing their present belongings as collateral. For those who personal crypto however don’t wish to promote it, you may 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 presents an “Auto-Make investments” function. That is good for customers who wish to comply with a dollar-cost averaging (DCA) technique, the place you make investments small quantities over time as an alternative of constructing giant, one-time purchases. It’s a hands-off technique 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 alternate:
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 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.Sensible 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 moderately than specializing in short-term positive factors.Spot Martingale: This bot works properly throughout downturns. It buys in rising quantities as the worth drops, which lowers the typical buy worth. When the market rebounds, the bot sells abruptly to make a revenue. It’s helpful for merchants who imagine costs will get well 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.
Observe: It’s also possible to 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 presents a replica buying and selling service that permits customers, particularly learners, to comply with the buying and selling methods of extra skilled merchants. This function is straightforward to make use of and useful for many who wish to commerce with out intensive market information.
You may choose knowledgeable dealer primarily based on their previous efficiency, similar to their return on funding (ROI) or buying and selling model. When you select a dealer, the platform routinely replicates their trades in your account.
This technique 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 Secure & Legit?
Gate.io is taken into account a safe and bonafide cryptocurrency alternate. 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 move two ranges of safety checks (Google 2FA and SMS-based OTP), and any password adjustments 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 absolutely backed and verifiable via third-party audits like these performed 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 presents one of many largest picks of cryptocurrencies on any alternate. You may commerce over 2,500 totally different digital belongings, together with fashionable cash like Bitcoin (BTC), Ethereum (ETH), and altcoins similar to Dogecoin (DOGE) and Shiba Inu (SHIB). It additionally lists newly launched tokens and helps numerous area of interest and DeFi initiatives.
Is Gate.io App Consumer-Pleasant?
Gate.io’s cellular app is designed to be user-friendly. It encompasses 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 reside crypto market knowledge, 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 Consumer Satisfaction
Gate.io presents responsive customer support via numerous channels like reside chat, electronic mail, and social media. Its help is obtainable 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 presents 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 most well-liked options to the Gate.io crypto alternate. Right here is the short 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 Expenses0.% maker/taker0% maker and 0.1% taker0.1% maker/takerUS Availability✗✗Separate platform Binance US accessibleNative TokenGTMXBNB
Closing Verdict
In conclusion, the Gate.io evaluate highlights a good and versatile international cryptocurrency alternate. 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 offers a complete platform to satisfy your wants. Nevertheless, it’s restricted in sure international locations such because the U.S., Canada, and the UK.
FAQs: Gate.io Change Evaluate
Is Gate.io reliable?
Sure, Gate.io is taken into account a reliable cryptocurrency alternate by many within the crypto neighborhood. It has been working since 2013 and constantly ranks among the many high exchanges primarily based on belief scores from respected sources like CoinGecko.
The platform emphasizes safety, using measures similar 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 isn’t 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 usually entails submitting identification paperwork, similar 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 shouldn’t be accessible to customers in the US resulting from regulatory restrictions. Nevertheless, you may nonetheless use its Web3 companies within the U.S. For the U.S. merchants, you may take a look at Coinbase or Kraken.
Which international locations can use Gate.io?
Gate.io is obtainable in 100+ international locations, making it accessible to customers worldwide. This alternate 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’t 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 may 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.
