Gate.io review | Gate.io Exchange | Gate.io Fees | Coinpedia

Gate.io review | Gate.io Exchange | Gate.io Fees | Coinpedia

October 10, 2020

Overview

With a number of cryptocurrency exchanges emerging in the market, it is hard for the cryptocurrency investors to find out which crypto exchanges are worth investing in.

One such cryptocurrency trading platform that is very much popular and regarded among the crypto users is Gate.io.

In this article, we will provide you with the complete guide on the Gate.io exchange and look into its aspects such as its features, fees, pros and cons and much more. Let us look into detail in this Gate.io exchange review now,

  • Overview
  • What is Gate.io?
  • Gate.io Features
  • Gate.io Fees and Limits
  • Gate.io Supported Currencies
  • Gate.io Mobile App
  • How to register on Gate.io?
  • How to recover the Gate.io password?
  • How to deposit on Gate.io?
  • How to withdraw on Gate.io? 
  • How to buy cryptocurrencies on Gate.io
  • How to sell cryptocurrencies on Gate.io
  • Gate.io Pros and Cons
  • Conclusion
  • Recent Updates
  • Gate.io FAQs

What is Gate.io?

Gate.io is one of the oldest Chinese bitcoin exchanges, which was founded by Lin Han. Previously the exchange was called Bter.com. However, it was then rebranded to Gate.io in the year 2017.

Gate.io is operated by Gate Technology Inc. The platform is available in different languages including English, Chinese, Japanese and Korean. The exchange offers access to a wide variety of cryptocurrencies.

Gate.io Features

Gate.io Fees and Limits

The exchange charges a flat trading fee of 0.20% for both makers and takers. This fee is slightly below the industry average which is generally around 0.25%.

The exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. It does not accept any other deposit method than cryptocurrencies

Gate.io Supported Currencies

The Gate.io supports over 200+ cryptocurrencies. Some of the major ones include:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETC)   
  • Litecoin (LTC)         
  • Ripple (XRP)
  • Bitcoin Gold  (BTG) 
  • Augur (REP)
  • Tether (USDT)
  • Monero (XMR)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Cosmos (ATOM)
  • Qtum (QTUM)
  • Tezos (XTZ)

Gate.io Mobile App

Gate.io provides a native mobile application that is available to both iOS and Android users which can be downloaded on Google play store and the istore.


How to register on Gate.io?

Navigate to the Official Website and click “SignUp” on the top right corner on the homepage.

Enter your username, email address and choose a strong password.

Enter the captcha code and then click on the “Create Account” Option

Fill the signup form on the right side of the page to create your account.

Check your email inbox for verification email from gate.io and activate your account.

How to recover the Gate.io password?

Click “Forgot Password?” Option on the login panel

Enter your email address for this account and solve the captcha and then submit

A resetting email will be sent to your inbox.

Change your password with the resetting link in the email.

How to deposit on Gate.io?

Go to the Wallet page and search for the coin you are going to deposit.

Click the Deposit button to access the deposit page, where you can see the deposit address.

Transfer to that address according to deposit instruction. Your transaction will be credited after a required minimum number of confirmations.

How to withdraw on Gate.io? 

Go to the Wallet page and search for the coin you are going to withdraw.

Click the Withdraw button to access its withdrawal page.

Fill the form which includes all the details and click “submit request”.

How to buy cryptocurrencies on Gate.io

Go to the trade page (Home> Trade). In this example we will select ONT/USDT

Enter your desired price on the Price field and the amount on the Amount field.

Now click the Buy button.

A dialogue will popup to remind you to check the price and amount again. Enter your fund password after checking and place your order.

Your order will appear in the order Tab below the form.

Once the order is completed, your funds will be credited to your balance .

How to sell cryptocurrencies on Gate.io

Go to the trade page (Home> Trade). In this example we will select ONT/USDT

Enter your desired price on the Price field and the amount on the Amount field.

Now click the Sell button.

A dialogue will popup to remind you to check the price and amount again. Enter your fund password after checking and place your order.

Your order will appear in the order Tab below the form.

Once the order is completed, your funds will be transferred from your balance.

Gate.io Pros and Cons

Pros

  • Low trading fee of 0.2%
  • No deposit or withdrawal fees
  • User-friendly platform
  • multiple XRP wallet capabilities
  • Wide range of cryptocurrencies supported
  • Mobile app available

Cons

  • No fiat deposits
  • Unregulated exchange
  • The team is not transparent
  • Not recommended for beginners

Conclusion

Gate.io is a relatively new cryptocurrency exchange that has a wide range of cryptocurrencies available to trade. The platform is generally well built and offers many of the features that cannot be found on more established exchanges.

All in all, Gate.io is an excellent crypto exchange which is highly recommended for the crypto market traders.

Recent Updates

  • On Oct 08, 2020, new listing Dego finance on Gate.io

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