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 turn out to be a outstanding participant within the crypto market, recognized for its in depth number of over 2,500 altcoins. This Gate.io assessment dives into its buying and selling options, price construction, person expertise, and safety measures that will help you decide if it’s the suitable match in your wants.
Key Takeaways:
Gate.io is a cryptocurrency alternate that gives 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 costs a base buying and selling price 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 device 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 Assist24/7 reside 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+ nations (not U.S.)Our Total Score4.3/5
What’s Gate.io?
Gate.io is likely one of the finest crypto exchanges that launched in 2013. It affords 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 persistently 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 robust 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 gives customers with advantages similar to decreased buying and selling charges. The platform additionally has an insurance coverage fund referred to as Gate.io SAFU, which is value over $100 million at the moment.
The Gate.io alternate 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, similar to margin buying and selling, futures contracts, and staking companies. 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 strong 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 earnings, together with versatile and locked stakingSuperior order varieties of high-volume merchantsConsumer-friendly cell app for Android and iOS units
Cons
Doesn’t enable fiat forex withdrawals, making it troublesome to money out instantlyNot obtainable 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 price construction based mostly on customers’ 30-day buying and selling quantity and their VIP stage. The bottom buying and selling price for spot buying and selling is 0.1% for each makers (those that present liquidity) and takers (those that take away liquidity). This charge may be decreased by holding GateToken (GT) or by collaborating 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 price begins at 0.05%, whereas the maker price begins at 0.02%. Like spot buying and selling, these charges are additionally decreased for VIP customers. Plus, Gate.io affords some extent system the place 1 level equals 1 USDT in buying and selling price discount. Factors can be utilized in varied 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. Nonetheless, withdrawal charges differ based mostly on the cryptocurrency being withdrawn.
For instance, withdrawing Bitcoin (BTC community) has a price of 0.0001 BTC, whereas Ethereum (ERC-20) withdrawals are charged 0.002 ETH. These charges are commonly adjusted based mostly on community circumstances.
You may take a look at the full particulars of the Gate.io price construction right here.
Gate.io Key Options
Perpetual Futures Buying and selling
Gate.io affords perpetual futures buying and selling, a sort of spinoff contract that doesn’t have an expiration date. This implies you possibly can maintain a place indefinitely, not like conventional futures contracts.
USDT-Margined Contracts: These contracts use USDT (Tether) as the bottom forex for each margins and earnings. Merchants preferring stablecoins will discover this sort 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 earnings.Inverse Contracts: Right here, cryptocurrencies are used as each the margin and the unit for calculating earnings or losses. As an example, in a BTC/USD contract, BTC is required to open a place, and earnings are additionally paid out in BTC. That is ultimate 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 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 haven’t any expiry, Gate.io makes use of funding charges to maintain the contract worth consistent with the actual market. Merchants pay or obtain this funding price 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 provided 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 routinely promoting if the value falls to a set stage. This mixture is ideal for merchants who wish to scale back danger with out having to continually watch the market.Iceberg Order: Should you’re buying and selling a big quantity however don’t wish 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 danger. If you place a reduce-only order, it can solely decrease the scale of your current place. It gained’t allow you to unintentionally enhance your publicity. So, in case you’re in a commerce and wish to regularly exit, you should use reduce-only to be sure to don’t find yourself holding greater than you plan to.TWAP (Time-Weighted Common Value): TWAP is good if you wish to unfold out a big order over time, relatively than executing it all of sudden. It helps you get a mean 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 value because it strikes, and if the market swings the opposite method by a set proportion, the order triggers.
Earn and Staking
Gate.io affords two varieties of staking choices. With versatile staking, you possibly can deposit your crypto and earn rewards, however you’ve the liberty to withdraw your funds at any time. That is ultimate if you wish to hold your funds accessible.
However, mounted staking locks up your belongings for a particular interval (like 7, 14, or 30 days) in alternate for larger rewards. In versatile staking, you earn solely 10-15% APY, whereas versatile staking affords over 100% APY.
It additionally affords different crypto-earn merchandise similar to:
Twin Funding: It lets you earn based mostly 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 might be in one of many two currencies.Quant Fund: The Quant Fund is an automatic buying and selling device that makes use of algorithms to handle your investments. This characteristic lets you put money into methods which can be routinely adjusted based mostly on market circumstances. Quant funds may be designed to commerce based mostly 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. Should you personal crypto however don’t wish 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 eager 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 constructing giant, one-time purchases. It’s a hands-off option to construct your portfolio steadily.
Buying and selling Bots
Listed here are the several types 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 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 stability. It’s good for these aiming to extend their holdings of particular cash relatively than specializing in short-term features.Spot Martingale: This bot works nicely throughout downturns. It buys in growing quantities as the value drops, which lowers the typical buy worth. When the market rebounds, the bot sells all of sudden to make a revenue. It’s helpful for merchants who consider costs will get well 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 based mostly in your buying and selling technique.
Copy Buying and selling
Gate.io affords a duplicate buying and selling service that permits customers, particularly newbies, 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 wish to commerce with out in depth market information.
You may choose an expert dealer based mostly on their previous efficiency, similar to their return on funding (ROI) or buying and selling fashion. When you select a dealer, the platform routinely replicates their trades in your account.
This technique 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 comply with.
Gate.io Safety: Is it Protected & Legit?
Gate.io is taken into account a safe and legit 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 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 by 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 affords one of many largest alternatives of cryptocurrencies on any alternate. You may commerce over 2,500 completely 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 varied area of interest and DeFi tasks.
Is Gate.io App Consumer-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 belongings effortlessly.
The app helps a wide range of features, together with reside crypto market knowledge, buying and selling, staking, and extra. Evaluations spotlight the app’s reliability and fast customer support, making it a handy device 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 Consumer Satisfaction
Gate.io affords responsive customer support by varied channels like reside 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 going through points associated to buying and selling, withdrawals, or technical glitches. Moreover, Gate.io often runs interactive actions and affords guides that will help 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 alternate. 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 Fees0.% maker/taker0% maker and 0.1% taker0.1% maker/takerUS Availability✗✗Separate platform Binance US obtainableNative TokenGTMXBNB
Last Verdict
In conclusion, the Gate.io assessment highlights a good and versatile world cryptocurrency alternate. With its in depth vary of options, low buying and selling charges, and strong 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 nations 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 group. It has been working since 2013 and persistently ranks among the many prime exchanges based mostly 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 revealed its PoR knowledge, 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, similar to a government-issued ID, and verifying your identification.
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 obtainable within the U.S.?
No, Gate.io isn’t obtainable to customers in america as a result of 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 nations can use Gate.io?
Gate.io is offered in 100+ nations, making it accessible to customers worldwide. This alternate 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 instantly from Gate.io to a checking account. The platform doesn’t help direct crypto-to-bank withdrawals. As an alternative, 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 forex 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.
