In order for you the very best crypto exchanges for buying and selling and investing, Gate.io is likely to be in your radar. Launched in 2013, this platform has turn into a distinguished participant within the crypto market, identified for its intensive number of over 2,500 altcoins. This Gate.io evaluate dives into its buying and selling options, charge construction, person expertise, and safety measures that will help you decide if it’s the best match on your wants.
Key Takeaways:
Gate.io is a cryptocurrency change that gives 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 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 software 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 (gasoline charges solely)Safety Options2FA, chilly storage, PoR, multi-sig wallets, safety audits, and extraCellular AppSure (iOS & Android)Buyer Assist24/7 stay 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 SAFUWorld Availability100+ international locations (not U.S.)Our Total Score4.3/5
What’s Gate.io?
Gate.io is among the greatest crypto exchanges that launched in 2013. It affords you a platform to purchase, promote, and commerce digital property, together with Bitcoin, Ethereum, Solana, and plenty 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 lively person base. The platform operates below Gate Expertise 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 property are absolutely 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 price over $100 million at the moment.
The Gate.io change helps over 2,500 cryptocurrencies, making it one of many exchanges with the widest number 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.
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 enable fiat forex withdrawals, making it tough to money out straightNot out there in areas just like the USA as a result of 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 will 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 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 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 affords a degree system the place 1 level equals 1 USDT in buying and selling charge 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 charge of 0.0001 BTC, whereas Ethereum (ERC-20) withdrawals are charged 0.002 ETH. These charges are usually adjusted primarily based on community situations.
You’ll be able to try the full particulars of the Gate.io charge construction right here.
Gate.io Key Options
Perpetual Futures Buying and selling
Gate.io affords perpetual futures buying and selling, a sort 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 forex for each margins and income. Merchants preferring stablecoins will discover this sort 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 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. For example, in a BTC/USD contract, BTC is required to open a place, and income are additionally paid out in BTC. That is supreme for many who already maintain crypto and wish to commerce with out changing their property right into a stablecoin.
As well as, leverage performs a giant function 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 value consistent with the actual market. Merchants pay or obtain this funding charge each 8 hours, relying on whether or not they maintain an extended or quick place.
Superior Order Varieties
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 features as soon as the value hits your required goal. In the meantime, a Cease Loss helps restrict your losses by mechanically promoting if the value falls to a set degree. This mix is ideal for merchants who wish to scale back danger with out having to consistently watch the market.Iceberg Order: If you happen to’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.Scale 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 chance enhance your publicity. So, in case you’re in a commerce and wish to regularly exit, you should utilize reduce-only to be sure you don’t find yourself holding greater than you plan to.TWAP (Time-Weighted Common Worth): TWAP is good while you wish to unfold out a big order over time, fairly than executing it unexpectedly. It helps you get a mean value over a selected interval, which might forestall your giant order from inflicting sudden market swings.Trailing Reversal Order: A trailing reversal order is like having an computerized technique for catching market reversals. It follows the value because it strikes, and if the market swings the opposite means by a set share, the order triggers.
Earn and Staking
Gate.io affords two kinds of staking choices. With versatile staking, you possibly can deposit your crypto and earn rewards, however you will have the liberty to withdraw your funds at any time. That is supreme if you wish to preserve your funds accessible.
Then again, mounted staking locks up your property for a selected interval (like 7, 14, or 30 days) in change for greater rewards. In versatile staking, you earn solely 10-15% APY, whereas versatile staking affords over 100% APY.
It additionally affords different crypto-earn merchandise corresponding to:
Twin Funding: It permits you to earn primarily based on two completely different currencies, normally a crypto asset and a stablecoin (like BTC and USDT). Relying in the marketplace’s motion, your payout might 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 permits you to put money into methods which can be mechanically adjusted primarily based on market situations. Quant funds will be designed to commerce primarily based on technical indicators or different market elements.Crypto Mortgage: Gate.io’s crypto mortgage service permits customers to borrow crypto by utilizing their present property as collateral. If you happen to personal crypto however don’t wish to promote it, you possibly can take out a mortgage in stablecoins or different crypto property, utilizing your holdings to safe the mortgage. When you repay the mortgage, you get your collateral again. This feature is helpful for many who want liquidity with out desirous to promote their long-term investments.
Gate.io additionally affords an “Auto-Make investments” characteristic. 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 a substitute 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 several types of crypto buying and selling bots supplied by the Gate.io change:
Spot and Futures Grid: These bots use a grid buying and selling technique. They place purchase and promote orders at preset value intervals. The concept is to revenue from market fluctuations by mechanically 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 mechanically buys or sells to revive this steadiness. It’s good for these aiming to extend their holdings of particular cash fairly than specializing in short-term features.Spot Martingale: This bot works properly throughout downturns. It buys in rising quantities as the value drops, which lowers the common buy value. When the market rebounds, the bot sells unexpectedly to make a revenue. It’s helpful for merchants who consider costs will recuperate after a fall.Spot-Futures Arbitrage: This technique goals to revenue from the value 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 affords a duplicate buying and selling service that permits customers, particularly inexperienced persons, to comply with the buying and selling methods of extra skilled merchants. This characteristic is straightforward to make use of and useful for many who wish to commerce with out intensive market data.
You’ll be able to choose an expert 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 mechanically 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 determine which dealer to comply with.
Gate.io Safety: Is it Secure & Legit?
Gate.io is taken into account a safe and legit cryptocurrency change. It makes use of superior security measures 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 modifications 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 absolutely 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 affords one of many largest choices of cryptocurrencies on any change. You’ll be able to commerce over 2,500 completely different digital property, together with common 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 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 straightforward navigation, permitting you to commerce and handle your property effortlessly.
The app helps a wide range of capabilities, together with stay crypto market knowledge, buying and selling, staking, and extra. Opinions spotlight the app’s reliability and fast customer support, making it a handy software for managing cryptocurrency portfolios on the go. With help for iOS and Android units, it ensures a clean expertise for merchants worldwide.
Buyer Service and Person Satisfaction
Gate.io affords responsive customer support by means of varied channels like stay chat, e 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 going through points associated to buying and selling, withdrawals, or technical glitches. Moreover, Gate.io steadily runs interactive actions and affords guides that will help you benefit from 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 change. 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 out thereNative TokenGTMXBNB
Remaining Verdict
In conclusion, the Gate.io evaluate highlights a good and versatile international cryptocurrency change. With its intensive vary of options, low buying and selling charges, and sturdy safety measures, it stands out as a robust 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 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 Change Evaluate
Is Gate.io reliable?
Sure, Gate.io is taken into account a reliable cryptocurrency change 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 corresponding to two-factor authentication and chilly storage for many of its property. Gate.io has additionally revealed 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 boost 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 people who efficiently full the KYC2 verification have an elevated withdrawal restrict of $5 million.
Is Gate.io out there within the U.S.?
No, Gate.io will not be out there to customers in the US as a result of regulatory restrictions. Nevertheless, you possibly can nonetheless use its Web3 providers within the U.S. For the U.S. merchants, you possibly can try 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 change 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’t switch cash straight from Gate.io to a checking account. The platform doesn’t help direct crypto-to-bank withdrawals. As an alternative, you’re allowed to withdraw cryptocurrencies to an exterior pockets.
As soon as the crypto is in your pockets, you possibly can convert it into fiat forex utilizing third-party providers like MoonPay or Banxa. These providers allow you to promote your cryptocurrency for fiat currencies, which might then be deposited into your checking account.
