Gate.io Cryptocurrency Exchange Review

Exchanges
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Contents
  1. Gate.io History
  2. Specifics of Work on Gate.io
  3. Registration on Gate.io
  4. How to Deposit and Withdraw Money
  5. Mobile app
  6. Gate.io fee
  7. Security on Gate.io

Gate.io History

Gate.io is a cryptocurrency exchange operating on the market since the fall of 2017. The legal owner of the platform is Gate Technology Inc, registered in Virginia. The exchange offers customers a solid selection of Altcoins and targets traders from English-speaking and Asian countries. Gate is not licensed in any jurisdiction.

Specifics of Work on Gate.io

The cryptocurrency trading platform Gate.io is divided into several screens. On the left side, traders select assets. Here special filters are offered for a quicker switch. At the top there are tabs USDT, BTC, ETH, QTUM, New, Custom. USDT, for example, switches to all pairs using this currency. When you click on the New tab, the filter selects new recently added assets. You can also find the pair of interest by using the search bar.

It is possible to switch between line and candlestick chart. The basic setup offers the user volume information and a set of moving average indicators. In the upper right part of the chart traders switch between timeframes. On the right side are chart settings. Here you can add indicators and apply graphical drawings. As for the former, the number of indicators is limited. Of the graphical tools, lines, rays and Fibonacci levels are available. This is the basic toolkit of any trader.

Registration on Gate.io

In order to start trading cryptocurrencies, it is necessary to register at the gate exchange. This requires filling out a simple form and email verification. During registration, the user creates a username, password, email address and creates a special password for the wallet. After this step user will get an email with a link to confirm his or her email.

After completing a standard registration procedure, it is proposed to set up the account security and pass the verification under the KYC (Know Your Customer) policy. In the first case, the user follows the instructions in the tab Two-factor authentication and configures the two-factor system of logging in to the exchange. In the second case, the trader is required to upload scanned copies of identification documents.

How to Deposit and Withdraw Money

As already mentioned at the beginning of the review, there is no support for fiat currencies on the gate. The work is carried out exclusively with electronic coins. To deposit funds, the trader chooses Coin Deposit in the Deposit/Withdrawal section. After that, he gets access to all possible ways of deposit. When depositing the trading account for the first time, the internal wallet is created. Funds will be transferred to it from the trader’s personal wallet. The minimum deposit on the exchange is 0.0001 Bitcoin. Crediting is made in a minute after two confirmations in the network.

Mobile app

The mobile app deserves special attention. Most exchanges today strive to allow ustomers to trade in almost any situation. Mobile apps are created as close in quality and functionality as possible to desktop ones. At Gate.io the platform for smartphones and tablets is created with the same chart, where there are some analytical tools. This terminal allows you to open positions, predict fluctuations and work with all the assets available in the desktop version.

Gate.io fee

Regarding fees, gate.io offers a diversified approach. The official website provides a detailed trader payout plan for each type of transaction. On average, this figure is 0.2%. As for the limits, they are prescribed in the Withdraw Daily Limits column.

Security on Gate.io

The Gate.io site offers a friendly interface. The trading site itself is within walking distance of the first page. On the main Gate.io in addition to notifications about new tokens you can see a large list of already traded currency pairs with the following information:

  • Token name.
  • Value (expressed in USDT).
  • Trading volumes (USDT).
  • The total number of tokens in circulation.
  • Capitalization of the cryptocurrency.
  • Changes for the last 24 hours.
  • The price trend.

Next comes the “Trade” button for those who are already registered on the exchange. With its help, you can promptly open a position on the selected asset. As for the security level, it is quite high. The exchange offers two-factor authorization of users. Google Authenticator can be used for this. Funds are stored on cold wallets.

Pros
  • Huge selection of assets for trading. The site is one of the leaders in terms of the number of coins offered for work. Exotic assets can also be found here. New coins are constantly being added, including the latest ones.
  • Simple and convenient platform. Despite the lack of many professional tools, traders will appreciate the simplicity and convenience of the Gate.io terminal.
  • Easy registration. In order to become a client, it is necessary to fill in a simple form and verify the e-mail address.
  • Possibility to add your own coins to the listing. Such feature is provided for projects who plan to issue their own coins.
  • Mobile terminal for popular operating systems. Allows to stay in touch and work in any part of the world where there is Internet.
  • Average commissions on the market. Gate.i offers competitive commission payments, which makes working with the platform profitable for customers.
Cons
  • Lack of additional tools for placing orders. Only market orders are provided on the platform. Stop losses, limits and other types of position opening are not offered.
  • It is necessary to be verified by providing passport data.
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