One of the oldest and most well-known exchanges in the world that is a popular destination for altcoin trading is Gate.io. The exchange aims to deliver a safe and secure trading platform for its users. In this Gate.io review, we will assess the exchange's features, supported coins, and markets, user interface, trading fees, security, and customer support.
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Our Gate.io Review - Quick Verdict
Gate.io offers several markets such as spot, Futures, derivatives, staking, borrowing, and lending services that will appeal to the wider crypto community. The exchange supports one of the biggest selections of coins to buy, trade, hold, store and sell more than 1,400 projects. For serious crypto traders and retail investors, Gate.io is a great option with competitive fees of 0.2% and rebates. However, Gate.io is no longer available in the United States which is a disadvantage.
- Offers more coins than most exchanges (1,400+)
- Spot and derivatives trading with up to 100x leverage
- Low trading fees for spot (0.2%) and derivatives trading (0.015% / 0.05%)
- Not supported within the United States
- Fiat support is lacking and funds can only be transferred by third-party (high fees)
- Mobile app poorly rated on iOS and Android marketplaces
What Is Gate.io?
Gate.io is a global cryptocurrency trading exchange that was established in 2013 to allow customers all over the world to buy, trade, sell more than 1,400 crypto assets and 1734 trading pairs. Gate.io is one of the best exchanges for crypto speculation based on its high trading volume and deep liquidity. There is also a wide variety of markets such as spot, crypto EFTs, Options, margin and derivatives.
Gate.io At A Glance
|Markets||Spot, EFT's, Options, margin & derivatives|
|Payment Type||Crypto only|
|Leverage||Up to 100x|
Review of the Top Features & Services
Gate.io offers a beginner-friendly and easy-to-use trading platform to speculate on digital currencies. The exchange primarily focuses on providing a stable and secure spot exchange which is excellent for traders.
Large Selection of Altcoins
Gate.io is a serious crypto platform with a wide variety of markets and assets for traders to speculate on. There are over 1,400 supported coins that can be traded against BTC, USD, ETH and USDT. The selection of markets is one of the largest making Gate.io a suitable day trading exchange for crypto. Gate.io is one of the few centralized crypto platforms that supports SafeMoon which can be traded against USDT.
Users on Gate.io have access to several products that include spot, margin, crypto EFT's, derivatives and instant swaps with 1-click. Each market can be traded using a single user interface. There is also the option to fund an account using a credit/debit card, bank transfer or use the P2P crypto exchange.
Standard & Professional Trading Platform
Gate.io caters to beginners and advanced traders with the ability to switch between a standard or professional user interface. The standard interface is a simplified version without complicated menus and distractions that is aimed for retail investors and traders. The charts are powered by Tradingview which includes all the necessary trading tools, indicators and features for technical analysis.
High Trading Volume & Liquidity
Within the last 12 months, Gate.io has jumped from rank 27th to 6th in the world based on traffic, liquidity, trading volumes for its spot market at the time of writing. This means high net-worth individuals and professional trading firms can fill large positions at the desired price with minimal slippage.
For example, at the time of writing 1.8 billion in USD has been exchanged through the platform within the last 24 hours. The most heavily traded assets are Shiba Inu, Bitcoin and Ethereum.
Overall, Gate.io has become a top-tier exchange that is rivalling the likes of popular trading platforms such as FTX, Kraken, Huobi, Binance.US and Bitfinex. The high liquidity available on Gate.io is recommended for serious crypto traders that trade large positions.
Copy-Trade Profitable Traders
Similar to platforms such as eToro and PrimeXBT which offer social trading networks for crypto, Gate.io has introduced its own copy-trader feature that lets its customers find and copy-trade the best traders on the exchange. Copy-trade accounts are organized by their trading strategy, top gainers, most copied and the top 10 popular traders. Each trader has a graph that displays their overall return on investment.
Clicking on a trader will show their trading strategy, cumulative gains (USD), recent trades and ROI. The statistics of each traders can be analyzed in detail to determine important aspects such as win rate, maximum drawdown, open P&L and total return. The copy-trade function can be set based on a certain allocation of available funds for good risk management of funds.
Gate.io HODL & Earn
Gate.io has a product called HODL & Earn which allows its customers to transfer funds to earn crypto as a low-risk alternative to trading crypto. There a several financial products such as fixed-term and flexible arrangements to earn interest on cryptocurrency assets.
The fixed term period to earn rewards can range between 7 and 28 days and includes coins such as USDG, TRX, EOS, ATOM, ALGO and Tezos. At the end of the term, the interest is paid out with the initial amount deposited.
Gate.io is a top crypto incubator for developers conducting an IDO or IEO. This also means users on Gate.io can participate in token sales to invest in new cryptocurrencies. It is one of the biggest crypto launchpads as it has launched more than 642+ crypto projects in just a few years. Although the quality can vary, many successful blockchain developers have leveraged Gate.io Startup to fundraise their projects.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|600+||0% to 0.1%|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|81||0.06% / 0.01% (leverage), 0.1% (spot)|
|Deposit bonus up to $30,000||Visit Bybit||Bybit Review|
|Up to 500 USDT in bonuses||Visit KuCoin||KuCoin Review|
Account Registration & Login
To create an account with Gate.io users will need to go through a registration process to create a trading account. Gate.io exchange will prompt for a username and email. Verification of the email address completes the basic account creation process. A second password will be prompted to withdrawal funds from the user's Gate.io wallet.
Proof of identification is not required immediately for trading on Gate.io. Users can deposit funds to Gate.io and begin crypto trading without completing KYC. Users will be required to submit identification documents to withdraw funds from the exchange. These checks and balances are in accordance with AML policies. It is a standard process to protect the digital currency exchange from involvement in money laundering or suspicious activity. The following information is required to complete Gate.io verification:
- Date of birth
- Phone number
- Copy of a valid identification card or passport and proof of address
- Photograph (selfie)
Gate.io accepts deposits for the major cryptocurrency assets and stablecoins such as Tether (USDT) to start trading. Funds can be transferred to a Gate.io account using the desktop and mobile involves selecting the cryptocurrency to deposit (e.g. Bitcoin), copying the unique deposit address and transfer funds from another exchange or a cryptocurrency hardware wallet. The list of assets that can be transferred to Gate.io for trading is shown under the 'My Funds' page. Users should also be aware there is no option for fiat deposits to buy crypto.
Trading With Gate.io
Gate.io has been designed for beginners and advanced cryptocurrency traders on the platform by offering a Standard and Professional user interface. The list of cryptocurrency trading pairs are hidden and can be expanded to view in full.
The standard version (shown below) is assumed to caters to new traders that includes a chart, order entry box, order profile list and trade history. The order entry box is large and easy to use, however the order book and trade history would be a distraction to new traders that do not read this data.
Like most reputable cryptocurrency trading exchanges, Gate.io has integrated with Tradingview to provide a suite of charting features, indicators and drawing tools. Users can change time frames, add chart indicators and set alerts by right-clicking the charts. This makes it quick and easy to navigate the charts, change features and display preferences.
The Professional user interface appears to be more compact and minimal than Standard. The interface has been designed to focus on price action and technical analysis with a larger chart window. It comes with the same features as the basic version and traders can overlay several different types of cryptocurrency indicators on the charts.
To place trades using Gate.io crypto exchange, there is an order entry window that is standard and has a similar appearance to other cryptocurrency exchange sites. Users can click on the recent orders which will automatically populate the prices in the order box. This is useful to avoid making a mistake entering the price. Trade volume can be adjusted using a slider.
The available order types include limit, market and stop limit. Limit orders can be triggered based on price and/or time. There is also the option for Immediate or Cancel (IOC) and Iceberg orders for advanced traders.
The user interface to trade derivatives on Gate.io is different from the spot exchange. The main difference is the leverage slider below the order entry window and contract details. The layout has a similar appearance to margin crypto exchanges such as Bybit and BitMEX.
Overall, the Gate.io user interface for the spot and derivatives markets is beginner-friendly, robust and suited to various types of traders and skill level. The charting window is responsive and includes the best charting software for cryptocurrency.
Users that prefer to trade digital assets from anywhere and at any time can use the Gate.io mobile trading app. The app is supported on iOS and Android devices and has been downloaded over 50,000 times with an average review rating of 3.1 out of 5 stars. The app provides similar functionality to the desktop trading versions where traders can enter positions and monitor the trades on the go. Overall, the crypto app is a good feature and stacks up well against the top cryptocurrency apps in the marketplace.
Gate.io uses a different fee structure for the spot and margin trading markets offered. The spot trading fee per transaction is 0.2% and reduces with increased trading volumes. The trading fee is similar to Huobi Global but is higher compared to Binance and KuCoin which offer 0.1% fees per trade. There is the option to pay for fees using Gate.io tokens (GT) to receive a 25% discount.
The fees for the Futures market are based on a maker and taker model which is -0.025% and 0.075% respectively. This is considered a low fee when compared to the most popular margin trading platforms in the world.
Deposit & Withdrawal Fees
To deposit funds to Gate.io exchange, there are no transaction fees. Withdrawal of cryptocurrency assets from the trading exchange will incur the standard blockchain network fee which is unavoidable and is adjusted automatically based on market conditions. The withdrawal fee for each asset and limits can be found on the Gate.io fees page.
Gate.io supports crypto traders and investors all over the world to the platform with the exception of the following countries: Cuba, Iran, North Korea, Sudan, Syria, Pakistan, Venezuela and Crimea. Residents in the USA and Canada are not permitted to use the exchange with restrictions in place due to strict regulations.
Frequently Asked Questions
US residents are not allowed to use the services of Gate.io as of the 15th of February 2022. Residents within the USA and Canada are strictly prohibited to use the services on Gate.io according to the User Agreement and will not to find an alternate exchange to trade cryptocurrency or other features such as lending, margin trading and perpetual contract trading.
Gate.io includes several industry-standard security protocols to ensure customers' funds on the exchange are safe and secured from online threats. These measures include Two Factor Authentication, Cold Storage Wallets and an SSL-secured website.
Gate.io's security systems were breached in 2019 that resulted in 4,200 Ethereum Classic coins being stolen, worth approximately $271,500. The stolen funds were reportedly returned to Gate.io. Since this incident, there does not appear to be further hacks that have occurred according to our research.
Beginners can learn how to trade and demo trade cryptocurrency assets using the Gate.io testnet. Users can switch to crypto trading with practice money within the user interface using the navigation menu at the top.
To conclude our Gate.io exchange review, the exchange is a leading cryptocurrency trading platform that provides an easy-to-use platform for customers all over the world to buy, trade and sell digital assets such as Bitcoin and Ethereum. Gate.io is a solid exchange that has been designed for traders of varying skill levels, expertise and experience with trading digital assets with several charting interfaces to choose from.
Overall, traders that are looking for a reliable altcoin exchange with spot, EFT, options, Futures, derivatives, demo trading crypto and the ability to earn rewards on crypto should consider using Gate.io. However, traders that are looking for larger trading volume across altcoins will need to use an exchange with deeper liquidity like Binance and Kraken.Visit Gate.io