Choosing a cryptocurrency trading exchange can be a challenging task. There are several considerations such as the platform features, charting interface, trading pairs, fees, security and customer support.
One of the oldest and most well-known exchanges in the world is Gate.io.
While we aim to provide you with accurate and the latest information in this review, we strongly suggest that you visit the website to keep updated with any changes that may occur afterward.
Ease of use
Before getting started, it is often recommend to use a Bitcoin hardware wallet such as the Ledger Nano X when trading cryptocurrency. If you don't have a wallet, read our guide on best cryptocurrency hardware wallets to buy.
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 and store a wide range of cryptocurrencies. The exchange is regarded as one of the top trading platforms for crypto and is currently ranked 27th in the world based on traffic, liquidity, trading volumes of spot markets. Gate.io has expanded its core offering to provides EFT, Options, derivatives and a Futures market for investors to buy and sell crypto with margin trading.
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.
Get 10% off trading fees
USD $10 trading bonus
0.025% / 0.075%
$50 for first time deposit >0.2BTC
No trading fees (7 days)
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. Gate.io also offers the following features:
- A beginner or professional trading platform
- Spot market with over 150 crypto pairs
- Margin, derivatives and Futures market to trade crypto with leverage up to 100x
- Cryptocurrency EFT products such as leveraged, combined and inverse
- Real-time market data and charting to trade altcoins, Defi tokens and stablecoins
- Demo trade cryptocurrency using a Gate.io testnet
- Web and mobile app to monitor portfolio and trade from anywhere
- HODL and earn interest on cryptocurrency investments
- Crypto lending and crypto loans to pledge on an asset to borrow another
- VIP trading fee discounts with larger volume amounts
- Comprehensive guides, FAQ section and responsive customer support team
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.
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 indicators to 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 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.
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 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 exchange rates are slightly higher than its competitors such as 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.
Not all cryptocurrency exchanges are the same.
COMPARE GATE.IO WITH OTHERS
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 HODL & Earn
Users on Gate.io can transfer funds to the trading platform earn crypto as a lower-risk alternative to trading digital assets. Gate.io offers various financial products such as fixed-term and flexible arrangements for traders to earn interest on their cryptocurrency assets in between trading on the exchange. 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.
Gate.io supports cryptocurrency traders and investors all over the world to the platform with the exception of the following countries:
- Citizens and residents of Washington State(U.S.A)
- New York State(U.S.A)
- North Korea
Frequently Asked Questions
Has Gate.io Been Hacked?
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.
Does Gate.io Have A Demo Account?
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.
Can US Citizens Use Gate.io?
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.
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 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 such as Binance.
You Might Also Be Interested In:
Risk management tools and platform features are very important for any prospective cryptocurrency investor. The following cryptocurrency trading exchanges - in addition to the above exchange - provide advanced trading features, technical indicators and a smooth, mobile-responsive charting interface that will be suited to beginners and professional crypto traders.
- 150+ cryptocurrency pairs to trade
- Trade spot, margin, Futures, EFT and options
- Professional user interface for trading
- Secure account with two factor authentication
- Intuitive mobile trading app
- Spot trading fees a little high
- Various user interface for charting is confusing
- Testnet is difficult to use