Are you interested in trading cryptocurrencies? If so, you’ve probably heard of Gate.io, a global cryptocurrency exchange platform that supports over 1,400 different cryptocurrencies. But is this platform the right fit for you?
In this Gate.io review, we’ve covered everything from the cryptocurrencies Gate.io accepts to its security measures and customer support.
By the end, you’ll get a clearer picture of whether or not Gate.io is the right exchange for your cryptocurrency trading needs. So, let’s dive in and explore the exciting features of this popular platform!
What Is Gate.io?
Established in 2013, Gate.io is a full-service crypto exchange platform that covers millions of users across 224+ countries worldwide and has a daily trading volume of over $4.95 billion. The platform currently supports over 1,400 cryptocurrencies, making it one of the
best and most diverse exchanges in the industry.
Gate.io prides itself on providing industry-leading security and has been audited to demonstrate 100% proof of reserves. This ensures that users’ funds are kept safe and secure at all times. Additionally, the platform is committed to complying with the applicable laws in the countries where it operates.
As a company, Gate.io values cooperation, insight, purpose, innovation, and integrity. These core values guide the company’s approach to everything from user support to product development.
The platform offers a range of products, including spot trading, leveraged trading, leveraged ETF, futures trading, and copy trading. With its easy-to-use trading interface and comprehensive range of products, Gate.io is one of the best exchanges for both novice and experienced traders.
Now, check the rest of our review of Gate.io to see what else makes this exchange stand out from the crowd.
How to Open an Account at Gate.io
Opening an account at Gate.io is a straightforward process with only a few steps.
- Go to the Gate.io website and click on the “Sign Up” button in the top right corner of the screen.
- You will then have to complete the captcha and confirm you are not a robot.
- After that, you’ll receive a verification code via email.
- Once you have the code, you should go back to the website and type it in.
- That’s it, you’re logged in.
After you have completed the sign-up process, you can start depositing funds into your account and begin trading. And if you’re unsure how to fund Gate.io account, here’s what you can use:
- Bank transfer: ACH, SWIFT, and Wire transfer
- Credit card: Visa, Mastercard, Apple Pay and Google Pay
To increase your withdrawal limit and access more features, you’ll need to complete the verification process.
The basic verification requires you to provide your first and last name, nationality, country of residence, and ID number. Once you do that, you’ll have an increased daily withdrawal limit of up to 100,000 USDT.
The advanced verification requires an ID or facial recognition and increases the daily withdrawal limit up to 2,000,000 USDT.
The final step is address verification which requires proof of address. Those who complete this step have a maximum daily withdrawal limit of up to 8,000,000 USDT.
Is Gate.io Safe?
Security is a top priority for Gate.io, and the platform has implemented a range of measures to ensure users’ funds and personal information are kept safe and secure.
Gate.io uses its own self-developed digital asset trading system, which has been audited by professional auditing platforms to pass their security tests. Additionally, the platform employs third-party cloud security defense services, like Cloudflare Firewall Enterprise Edition, to detect and prevent malicious attacks.
All website data is transmitted via an encrypted Transport Layer Security (TLS) connection. Gate.io has implemented an anti-DDoS attack mechanism to achieve security through detection, response, defeat, and recording. The platform has also implemented DNS security to prevent hijacking or fraudulent customer communications.
Gate.io provides users with a range of account security features, including SMS and Google OTP two-factor authentication, IP address monitoring, withdrawal address whitelisting, login passwords, email addresses, and Gate Ukey/Yubikey. The platform also requires users to set up a fund password and an anti-phishing code to ensure account security.
Gate.io employs a cold/hot wallet separation storage solution to store most assets in cold wallets. Additionally, the platform uses multi-administrator authorization and immediate transfer when exceeding the limit to ensure asset safety.
Gate.io prioritizes the security of its users’ contract transactions. The platform has implemented automated contract audits and real-time monitoring of chain events to identify any risks in a timely manner. Gate.io selects high-quality projects and conducts regular security audits to ensure trading security.
Gate.io provides 100% proof of reserves, which are audited by independent virtual currency accounting and auditing companies. The platform also has a contract security plan and real-time monitoring to ensure compliance and security.
Gate.io’s new generation public chain, GateChain, focuses on user asset security and decentralized transactions. With an online insurance account and a clear guarantee system, GateChain provides solutions for the theft of users’ digital assets, damage and loss of private keys, decentralized transactions, and cross-chain transfers.
Overall, Gate.io’s comprehensive range of security measures, compliance security, and its focus on asset safety and contract security make it a reliable platform for users to trade cryptocurrencies securely.
Once you have opened an account at Gate.io, you can manage your account and access various features by logging into the platform on your desktop or mobile device. The Gate.io app is available for both iOS and Android users, and it’s free to download.
Here are some of the options available to you:
- Wallet: This is where you can view your account balances and deposit or withdraw funds. Gate.io supports multiple cryptocurrencies, such as Bitcoin, Ethereum, and Tether, as well as fiat currencies like USD.
- Order: This section lets you view your trading history, open orders, and order book. You can also place new orders from here and adjust their parameters, such as price and quantity.
- Profile: In this section, you can edit your account information, such as your username, email, and password. You can also customize your profile picture and language settings.
- KYC (Identification): Gate.io requires users to complete a three-level identity verification process to comply with regulatory requirements. You can access this section to submit your personal information and documents, such as your ID card or passport, for verification.
- Security Settings: Here, you can manage your account security features, such as two-factor authentication (2FA) and Google Authenticator. You can also enable and configure email and SMS notifications for account activities and market updates.
- Reward Center: Gate.io offers various rewards and promotions for users, such as trading competitions, referral bonuses, and staking programs. You can view and claim your rewards in this section.
- My Referrals: Gate.io allows users to invite their friends and earn referral bonuses. You can access this section to view your referral link and track your referral history.
- My Fees: This section shows your trading fees and rebate rates based on your VIP level and trading volume. You can also access the Rate Discount Program to lower your fees by holding GT tokens.
- API Management: Gate.io provides an API for users who want to integrate their trading strategies or develop trading bots. You can create and manage API keys in this section.
- Sub Accounts: At Gate.io exchange, review and manage multiple accounts easily. You can create sub-accounts in this section, and use them for different trading strategies or business entities. Each sub-account has its own balances, trading history, and security settings.
- My Tickets: If you encounter any issues or have questions about your account or the platform, you can submit a support ticket in this section. You can view your ticket history and check the status of your requests.
- Notification: This section allows you to configure and manage various types of notifications, such as deposit and withdrawal confirmations, order executions, and system updates. You can choose to receive notifications via email, SMS, or push notifications on the mobile app.
By using these account management options, you can customize your trading experience, enhance your security, and maximize your rewards and benefits on Gate.io.
We also like that Gate.io supports multiple languages, including Simplified Chinese, Traditional Chinese, English, Vietnamese, Spanish, Russian, French, German, Portuguese (Portugal), Thai, Indonesian, Turkish, Japanese, Arabic, Ukrainian, and Portuguese (Brazil). So, even if you don’t speak English, you can still use Gate.io and navigate the site in a language you’re comfortable with.
Gate.io uses a maker-taker model for its spot and futures trading fees, which vary based on whether the order adds liquidity to or takes liquidity away from the crypto exchange. Users are charged a maker fee for orders that add liquidity and a taker fee for orders that take liquidity away. The exact fee depends on the 30-day trading volume, with higher volumes resulting in lower fees.
Gate.io also offers discounts on trading fees for users who hold its native cryptocurrency, GateToken (GT). The size of the discount depends on the amount of GT held and traded. Users can also opt to pay for their spot trades using GT to further reduce their fees.
Here’s how the fees for spot trading work based on your VIP level:
|VIP Tier||30-day Volume||Maker / Taker||GT Debit Discount
|VIP 0||0 USD||0.2% / 0.2%||0.15% / 0.15%|
|VIP 1||$60,000||0.185% / 0.195%||0.139% / 0.146%|
|VIP 2||$120,000||0.175% / 0.185%||0.131% / 0.139%|
|VIP 3||$240,000||0.165% / 0.175%||0.124% / 0.131%|
|VIP 4||$500,000||0.155% / 0.165%||0.116% / 0.124%|
|VIP 5||$1,000,000||0.145% / 0.155%||0.109% / 0.116%|
|VIP 6||$3,000,000||0.135% / 0.145%||0.101% / 0.109%|
|VIP 7||$8,000,000||0.125% / 0.135%||0.07% / 0.101%|
|VIP 8||$20,000,000||0.115% / 0.125%||0.06% / 0.094%|
|VIP 9||$50,000,000||0.105% / 0.115%||0.05% / 0.086%|
|VIP 10||$100,000,000||0% / 0.058%||0% / 0.058%|
|VIP 11||$120,000,000||0% / 0.045%||0% / 0.045%|
|VIP 12||$240,000,000||0% / 0.037%||0% / 0.037%|
|VIP 13||$440,000,000||0% / 0.03%||0% / 0.03%|
|VIP 14||$800,000,000||0% / 0.025%||0% / 0.025%|
|VIP 15||$1,600,000,000||0% / 0.022%||0% / 0.022%|
|VIP 16||$3,000,000,000||0% / 0.02%||0% / 0.02%|
Our Gate.io exchange review wouldn’t be complete if we didn’t mention its customer support. Gate.io values its users’ satisfaction and offers a range of customer support options to assist them. Users can access self-service options, including resetting login passwords, changing funds passwords, editing phone numbers, setting up email, editing Google authentication, and recharging self-service acceleration. The platform also has a coin recovery application to help users recover their coins in case of a wrong transaction.
The website has an FAQ section that includes functional guidelines, deposit and withdrawal information, and answers to commonly asked questions. Users can also access Gate.io’s community center, which includes rewards, bulletin inquiries, the Gate.io blog, etc. Additionally, the platform offers operating instructions for buying crypto with credit cards or bank transfers and P2P trading.
Gate.io offers support for spot trading, margin trading, futures, HODL & earn, copy trading school, NFT, and other derivatives. The platform provides tutorials, operating instructions, and FAQs for each section. Users can also access the announcement section, which includes institutional and VIP announcements, bi-weekly reports, and the latest articles.
Users can contact Gate.io’s customer support team by submitting a request or emailing [email protected]. The platform provides 24/7 support for its users to ensure their inquiries are addressed promptly.
Gate.io has a large user base of millions of users worldwide, meaning there are tons of Gate.io reviews online. The platform has a solid rating of 4.4 stars out of 5 on G2, indicating positive experiences from many of its users.
Customers have praised Gate.io for its user-friendly interface, extensive selection of cryptocurrencies available for trading, and competitive fees. Many users have also commended the platform’s security measures and its customer support team’s responsiveness and helpfulness in addressing their inquiries and issues.
Although some users have reported experiencing delayed withdrawals or deposits, Gate.io’s customer support team has been able to resolve these issues in a timely and satisfactory manner.
Gate.io Review Conclusion
In conclusion, Gate.io is a reputable cryptocurrency exchange platform that offers a wide variety of trading pairs, low fees, and a user-friendly interface. The platform provides users with multiple security measures, such as two-factor authentication, cold storage, and anti-phishing codes, to ensure the safety of their funds.
Additionally, Gate.io offers 24/7 customer support and various resources for beginners to learn about cryptocurrency trading. While the platform does have some limitations, such as restricted access for users in certain regions and limited payment options, overall, it is a solid choice for both beginner and experienced cryptocurrency traders.
Is Gate.io legit?
Gate.io is a legitimate cryptocurrency exchange platform that has been operating since 2013. The exchange is registered in the Cayman Islands and is committed to providing a secure and reliable trading experience for its users. Gate.io implements several security measures to protect user funds, including two-factor authentication, cold storage, and regular security audits. Additionally, the exchange has a strict Know Your Customer (KYC) policy to ensure compliance with regulatory requirements.
Can I use Gate.io in the US?
Unfortunately, Gate.io is not available for US residents. The restricted countries also include:
- North Korea
However, the platform is accessible to users from many other countries. It’s important to check whether Gate.io is legal in your country before signing up and using the platform.
Can I withdraw on Gate.io without KYC?
You can place deposits as soon as you register an account with Gate.io. However, if you decide to withdraw your funds, you’ll have to finish identity verification first. As previously mentioned in our Gate.io review, identity verification will increase your withdrawal limit and provide faster and smoother deposits and withdrawals.