Gate.io Review: Is It Safe To Use? (Updated 2022)

Updated: Dec 8th, 2021
Kevin Groves
Kevin Groves
Gate.io Review: Is It Safe To Use? (Updated 2022)

Gate.io is a leading cryptocurrency trading platform that is available worldwide for trading Bitcoin and Ethereum. After the security incident in 2019, questions have been raised whether it's a secure crypto platform. In this Gate.io review, we will assess the exchange's features, supported coins and markets, user interface, trading fees, security and customer support.

Gate.io

Trading Fees:0.2%
Country:Global (USA allowed)
Currency:Crypto only
Promotion:None available at this time

Key Features

  • Total of 991 cryptocurrencies and 1734 trading pairs available
  • Spot, EFT, Futures and derivatives products
  • 0.2% trading fee to exchange crypto assets
  • Two Factor authentication
  • Earn interest on crypto within a Gate.io wallet
  • Ranked 6th based on volume and liquidity

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 is operated by Gate Technology that aim to delivery a safe and secure trading platform for its users. Gate.io offers several markets such as spot, Futures, derivatives, staking, borrowing and lending services.

Key Features

  • Total of 991 cryptocurrencies and 1734 trading pairs available
  • Spot, EFT, Futures and derivatives products
  • 0.2% trading fee to exchange crypto assets
  • Two Factor authentication
  • Earn interest on crypto within a Gate.io wallet
  • Ranked 6th based on volume and liquidity

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 is operated by Gate Technology that aim to delivery a safe and secure trading platform for its users. Gate.io offers several markets such as spot, Futures, derivatives, staking, borrowing and lending services.

Ease of useStarStarStarEmpty StarEmpty Star
ReputationStarStarStarEmpty StarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star

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gate.io websitegate.io website

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 990 crypto assets and 1734 trading pairs. The exchange is a top trading platform for liquidity and has a variety of markets such as spot, crypto EFT's, Options, margin and derivatives.

Are U.S Traders Allowed?

US residents are allowed to use the services of Gate.io as of the 8th August 2021. Residents in the USA and Canada are eligible to trade on Gate.io, however, there are certain restrictions in place. Individuals from these countries are not allowed to use lending, margin trading, perpetual contract trading and certain coins are not permitted. For a list of the best crypto exchanges in USA, read this article.

Quick Overview

Exchange NameGate.io
Cryptocurrency991
MarketsSpot, EFT's, Options, margin & derivatives
Payment TypeCrypto only
LeverageUp to 100x
Trading Fee0.2%
Deposit FeeNone
Mobile AppNo

Is Gate.io Safe?

Gate.io includes several industry-standard security protocols to ensure customer's 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 Compared

Advanced features, an intuitive user interface and a mobile trading app are important features on Gate.io. This comparison table lists alternate crypto exchanges like Gate.io that offer world-class features.

ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
Binance Logo

Binance

3970.1%
Overall 4.8/5StarStarStarStarEmpty Star
20% off trading feesVisit BinanceBinance Review
Coinbase Logo

Coinbase

1460.5%
Overall 4.8/5StarStarStarStarEmpty Star
$5 BTC bonus (USA only)Visit CoinbaseCoinbase Review
FTX

FTX

2580.02% / 0.07%
Overall 4.7/5StarStarStarStarEmpty Star
5% off trading feesVisit FTXFTX Review
Gate.io logoGate.io logo

Gate.io

9910.2%
Overall 4/5StarStarStarStarEmpty Star
None available at this timeVisit Gate.ioGate.io Review

Gate.io Features & Services

Gate.io offers a beginner-friendly and easy to use trading platform to speculate on digital currencies. The exchange primarily focusses on providing a stable and secure spot exchange which is excellent for traders.

900+ Tradable Crypto Assets

Gate.io is a serious crypto platform with a wide variety of markets and assets for traders to speculate on. There are over 991 supported coins and 1734 trading pairs against BTC, USD, ETH and USDT. The selection of markets is one of the largest making Gate.io a suitable exchange for altcoin traders.

Gate.io supported assetsGate.io supported assets

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 the Peer-to-Peer (P2P) 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 include all the necessary trading tools, indicators and features for technical analysis.

gate.io simple trading interfacegate.io simple trading interface

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. 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.

Gate.io trading volume and liquidityGate.io trading volume and liquidity

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, Gate.io have introduced a copy-trader feature that let's 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.

Gate.io copy tradingGate.io copy trading

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 Earn rewardsGate.io Earn rewards

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.

Gate.io Verification

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:

  • Name
  • Date of birth
  • Phone number
  • Copy of a valid identification card or passport and proof of address
  • Photograph (selfie)

Depositing Funds

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.

Gate.io Deposit fundsGate.io Deposit funds

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.

Gate.io Standard InterfaceGate.io Standard Interface

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 indicators to the charts.

Gate.io Professional interfaceGate.io Professional interface

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.

Gate.io Margin TradingGate.io Margin Trading

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 leverage 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 advanced charting tools and software to trade cryptocurrency.

Gate.io App

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.

Gate.io appGate.io app

Gate.io Fees

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.

Supported Countries

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 permitted to use the exchange with certain restrictions in place due to strict regulations.

Frequently Asked Questions

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.

Gate.io crypto exchange allows users in 49 states within the US to trade the spot crypto market except for Washington State and New York State. Traders that reside in Washington and New York States will need to find another cryptocurrency exchange based in the USA.

Cryptocurrency traders that reside in Australia can use Gate.io to buy, trade and sell digital currencies on the platform. There is no option to deposit AUD directly to the exchange and will need to deposit cryptocurrencies. For a list of other reputable exchanges, read our comparison guide on the best Australian crypto trading exchanges.

Conclusion

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. 

Visit Gate.io

Overall, traders that are looking for a new cryptocurrency 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, FTX or Bybit.

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Kevin GrovesKevin GrovesKevin Groves

Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms.

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