Gate.Io Review – Gate.io is one of the oldest cryptocurrencies launched in 2013 from China. It was rebranded to gate.io in 2017. Since then, it has been doing well and growing fast with a leading initial exchange offering (IEO) platform and several other cryptocurrencies, margin trading with leverage, and other advanced financial services. However, there is something about the Gate.io interface that is generally not the best starting face for inexperienced investors and traders.
Founded in 2013 by Lin Han, gate.io is one of the oldest Chinese bitcoin exchanges out there. Back in 2015, gate.io exchange suffered a 7,000 BTC hack; the coins were stolen from its cold wallets, untill2017 the exchange was called Bter.com it was forced to rebrand into gate.io when the Chinese government banned Fiat to crypto trading in 2017. The old platform was closed and dropped fiat cryptocurrency trading pairs for crypto to crypto and Chinese yaun OTC traders.
Today, gate.io remains an unregulated crypto exchange in terms of volume and market liquidity, with over 3500 BTC volumes per day.
Gate.Io Key Features
Here are some of the key features of gate.io:
Number of cryptocurrencies
Gate.io is known as an altcoin exchange, and for a perfect reason, it has 180 several altcoins and over 400 different cryptocurrency markets. It still does deal with fiat.
The Functionality Of The Gate.Io Platform
Gate.io offers users the benefit of trading in cryptocurrency markets, margin trade with 10x leverage, margin lend or borrow funds, participating in period investment plans, investing in IEO’s through gate.io startup platforms, perpetual swap contracts, and lots more.
Relatively Low Fees
Like several altcoin exchanges, gate.io is a low service. It is not the lowest fee platform on the market, but it offers several discounts. Trade on the gate.io platform costs 0.2% of the total order amount.
Gate.io is rated as one of the too exchanges in terms of cyber security by CER. There are several ways provided for users to secure their accounts, and the platforms have many built-in security mechanisms.
Apart from the 24/7 live chat accessible to all users, gate.io also has an extensive support database which includes a FAQ section as well as a new user guide. Users can submit a support ticket for more elaborate concerns.
Gate.io is not available for the residents and citizens of the following states
- Washington (U.S.)
- new York (U.S.)
- North Korea
Like several other cryptos to crypto exchanges, gate.io charge is a bit competitive; if you choose to trade on the platform, you will pay no fees for deposits, 0.2% spot and margin trading few, and a small withdrawal fee changes per the cryptocurrency being withdrawn.