The Gate Crypto Exchange Country Owner is committed to providing a secure trading experience for its users.
The owner has implemented a robust security system to protect user accounts and funds.
This system includes two-factor authentication, which requires users to provide a second form of verification in addition to their password.
This adds an extra layer of security to prevent unauthorized access to user accounts.
The Gate Crypto Exchange Country Owner also uses advanced encryption methods to protect user data.
This ensures that sensitive information such as passwords and personal details are kept confidential.
The exchange's infrastructure is also designed with security in mind, with regular updates and maintenance to prevent vulnerabilities.
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Strong Security Measures
Gate.io has a solid security infrastructure, reflected in its Skynet Certik rating of A. It employs full Proof of Reserves to safeguard users' assets, with a ≥100% reserve ratio for popular cryptocurrencies like BTC, ETH, USDT, USDC, XRP, ADA, and DOT.
The exchange also utilizes cold wallets, which store cryptocurrencies offline and away from the internet, making them a secure choice for storing funds. Two-factor authentication (2FA) is also available, providing an extra layer of security for users' accounts.
Gate.io's security measures include encrypted TLS connection, anti-DDoS attack mechanism, DNS security, WAF protection system, and third-party cloud security defense services. These features help protect the exchange from various types of cyber threats.
The exchange also offers biometric security features like Face ID and fingerprint scanning, adding an extra layer of security for users. Additionally, users can enable notifications to inform them of specific events happening with their account.
Here's a breakdown of Gate.io's security measures:
Gate.io's security measures are designed to provide a secure and trustworthy environment for users to trade cryptocurrencies.
Features
Gate.io's features are impressive, to say the least. The exchange offers a variety of trading options, including spot, margin, futures, and leveraged tokens. It also provides automated trading tools, such as trading bots and copy trading mechanisms.
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Gate.io has several earning options, including ETH 2.0 staking, liquidity mining, cloud mining, and slot auctions. Plus, it has the Simple Earn feature, which allows earning through crypto lending, as well as the Structure Products feature, which provides users with pre-packed investment products.
Gate.io's trading platform is designed to facilitate easy navigation with all major trading services neatly categorized under the main menu. It offers a dual-interface system, with both Standard and Professional options, and integrates top-tier tools like TradingView. The platform also supports multiple order types, including market, limit, and stop orders, and offers adjustable trading volumes.
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Cryptocurrencies
Gate.io has one of the largest collections of cryptocurrencies available, supporting about 2190 coins and around 3624 trading pairs.
This is a significant difference compared to other exchanges, such as Coinbase, which supports only around 425 assets.
The variety of crypto trading pairs available does depend on your location, so be sure to check what's available in your area.
For another approach, see: Cryptocurrency Exchanges by Volume
Gate.io's Startup area is a great resource for emerging coins, offering a launchpad for token launches, Web3 airdrops, and NFTs.
It's free to use, but you might need to hold some GT tokens to participate in some airdrops.
Gate.io's liquidity rating is 550 by CoinMarketCap, and they provide diverse stablecoins, including USDT.
Deposit Options
Gate.io Deposit Options are a bit limited, but you can still get crypto on the platform using various methods. You can't have a fiat balance, like a bank account, but you can buy crypto using bank transfer, P2P, and third-party services.
Express is one of the fastest options, with deposits processed in under 24 hours. Gate Connect is a bit slower, taking up to 1 business day to process deposits.
If you need instant deposits, you can use Banxa or BTC Direct, which both process deposits in under 5 minutes. MoonPay and Simplex also offer instant deposits, but only if you have an account balance with them.
Other options, like Mecuryo, Coinify, and Volet, take a bit longer, with processing times ranging from 5 minutes to 3 business days.
Here's a breakdown of the deposit options and their processing times:
Withdrawal Limits
Gate.io Withdrawal Limits are determined by your KYC level.
For new accounts, the daily withdrawal limit is 100,000 USDT.
KYC1 users can withdraw up to 2,000,000 USDT per day.
KYC2 users have a daily withdrawal limit of 5,000,000 USDT.
KYC3 users have the highest daily withdrawal limit, at 8,000,000 USDT.
Here's a breakdown of the daily withdrawal limits by KYC level:
Trading and Earning Features
Gate.io's trading platform is a versatile and user-friendly space for both novice and professional traders. It offers a dual-interface system, allowing users to choose between a Standard and Professional interface.
The Standard interface is ideal for beginners, providing a user-friendly and expansive layout. Meanwhile, the Professional interface is more compact and streamlined for experienced users.
One of the standout features of Gate.io is its integration with TradingView, a leading charting tool that offers an extensive array of charting features, drawing tools, and technical indicators.
The platform supports multiple order types, including market, limit, and stop orders. It also offers Immediate or Cancel (IOC) and Iceberg orders, catering to professional traders looking for more control over their trading executions.
Gate.io's trading platform is designed to facilitate easy navigation, with all major trading services neatly categorized under the main menu. Trading volumes can be finely adjusted using a slider, allowing traders to modify their trades according to their investment strategy and market conditions.
Gate.io's bots are easy to use and can be customized to suit individual trading strategies. The platform offers a range of bots, including Margin, Infinite, and Spot Grid Bots, Average Cost Bots, Passive Arbitrage Bots, and Expert Bot.
Here are some of the key features of Gate.io's bots:
- Margin, Infinite, and Spot Grid Bots: designed to execute the classic trading strategy of buying low and selling high.
- Average Cost Bots: used for dollar-cost averaging, allowing users to buy in batches during market dips.
- Passive Arbitrage Bots: low-risk bots that capitalize on price differences between markets to generate earnings through arbitrage.
- Expert Bot: allows advanced users to create their own custom bots by setting specific parameters.
Native GT Token
The Gate.io exchange has its own native token, called GT. It's a key part of the ecosystem and offers several benefits to users.
Holding GT allows you to advance your VIP tier, which grants you access to exclusive benefits like better trading fees, flexible withdrawal limits, and faster trading. These benefits can really make a difference in your trading experience.
GT can also be used to cover trading fees, potentially leading to discounts based on transaction volume. This is a great way to save money on your trades.
As a GT holder, you'll also get exclusive access to high-profile activities launched by Gate.io, such as vote campaigns, live mainstreams, and discount sales.
The total supply of GT was initially set at 1 billion tokens, but approximately 700 million were subsequently burned, reducing the total circulation to 300 million tokens. This makes GT a deflationary asset.
You can buy GT directly on Gate.io or other crypto exchanges, but buying on Gate.io is a more convenient option if you plan to use the exchange.
API on
APIs on various platforms can be super useful for automating trades, and some exchanges make it surprisingly easy to set up.
Gate.io, for instance, allows users to create APIs for trading, which I found to be quite simple to do. You can set IP permissions to control who can access your API.
To get started, you'll need to choose the account type and select between the API V4 key or API V2 key. This will determine what features are available to you.
With Gate.io's API, you can grant permissions for various features, including spot trade, futures, P2P, wallet, loan, and copy trades.
Lite Version
The Lite Version of Gate.io is a more basic version of the platform, designed for beginners and those who want a simple way to monitor their digital assets. It still offers spot buy, sell, and swap services.
In terms of security, the Lite version is limited to 2FA and fund passwords, with no biometric verification enabled.
One notable difference between the Pro and Lite versions is the availability of features. The Pro version offers futures, margin, algorithmic, and copy trading, while the Lite version does not.
Here's a comparison of the two versions:
Overall, the Lite version is a more basic version of the Gate.io platform, but it still offers some useful features for beginners.
Recent User Reviews
Gate.io users rave about the platform's helpful customer service, with one user noting that they respond via chat or email soon after being messaged.
The company's apps are also a hit, with users enjoying their ease of use.
Gate.io's selection of coins is impressive, with many lesser-known options available that can be hard to find on other exchanges.
Users appreciate the platform's wide range of cryptoassets, with one reviewer noting that it's one of the few platforms that offers so much.
However, some users prefer platforms with crypto-fiat availability, which Gate.io currently doesn't offer.
Gate.io's apps do not store login data, which is a plus for users concerned about security.
Overall, users seem to appreciate Gate.io's unique offerings, with one reviewer praising the platform's decent selection of niche cryptoassets.
Key Takeaways
Gate.io is a regulatory-compliant exchange that allows users to purchase crypto with fiat, making it a more user-friendly option for newbies.
The exchange offers a variety of trading options, including spot, margin, futures, leveraged token, pre-market, and even block trading.
You can easily buy crypto with fiat using your credit or debit card or by making a bank transfer, a feature that was not available in the past.
Gate.io also has several earning options, including ETH 2.0 staking, liquidity mining, cloud mining, and slot auctions.
The Simple Earn feature allows earning through crypto lending, and the Structure Products feature provides users with pre-packed investment products.
The exchange is tailored for institutional traders, offering a liquidity program, a broker program, VIP loans, custody and asset management tools, a global market maker program, OTC trading solutions, and more.
Gate.io is available to users from any country except Canada, USA, and Japan, along with some other smaller nations, due to regulatory hurdles.
The exchange currently ranks 35th in volume against all other exchanges according to data from CoinMarketCap.
You can use the web version or mobile version of the exchange, which is available for IOS and Android.
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Fees and Reliability
Gate.io's fees are relatively low compared to other exchanges, with spot trading fees starting at 0.1% for both makers and takers. The exchange doesn't charge fees for crypto deposits, but users must pay network fees for withdrawing crypto, which vary depending on the cryptocurrency.
Gate.io's fees are competitive, especially for beginners, with a flat spot trading fee model for VIP 0-2 level traders. The exchange's VIP system is tiered based on 30-day trading volume, with maker and taker fees starting at 0.1% and decreasing as the volume increases. Here's a breakdown of the VIP levels and their corresponding fees:
Gate.io's fees are reasonable, with an industry-standard range of 0.1% to 0.5%. However, the exchange's VIP system offers discounts for high-volume traders, making it a good option for those who plan to trade frequently.
Are Fees Competitive?
Gate.io's fees are a major selling point, and for good reason. They're some of the lowest in the market, with spot and futures trading fees that are highly competitive compared to platforms like Coinbase, Bitget, and BitMex.
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The exchange offers a flat spot trading fee model for VIP 0 - VIP 2 level traders, where both takers and makers pay the same fees. This is a nice change of pace from the usual maker-taker fee structure, where makers pay less than takers.
Gate.io's fees start at 0.1% for spot trading, which is a reasonable rate. The industry standard can vary, but 0.1% is a good benchmark to keep in mind. For comparison, some exchanges charge as high as 0.5%.
VIP levels can also affect your fees, with the highest levels offering reduced fees for both makers and takers. To reach the top VIP levels, you'll need to hit certain trading volume milestones, such as $60k or $3 billion in 30 days.
Here's a breakdown of Gate.io's VIP levels and their corresponding fees:
Keep in mind that these fees can change, so it's always a good idea to check Gate.io's official website for the latest information.
General Reliability
Gate.io has not been hacked in the last five years, which is a significant achievement in the world of cryptocurrency exchanges.
The exchange has an active bug bounty program to help it overcome cyber attacks, with bounties placed in four categories based on the seriousness of the potential risk.
The highest risk category offers a compensation of $3,000 to $5,000.
Gate.io's past experience with hacking is a reminder that even the most secure exchanges can be vulnerable. In 2015, when the exchange was named BTER.com, it experienced a hack of $1.75m and was unable to repay customers.
Verification and Compliance
Gate.io has a stringent Know Your Customer (KYC) procedure that requires users to pass three different levels of verification to access more advanced features. The process is concise and provides necessary information on the type of documents needed.
Gate.io's KYC process takes less than an hour to complete, with the first level requiring a government-issued ID or passport and unlocking basic exchange features like deposit and withdrawal. The second level, which unlocks the Reward Center, requires face verification with ID. The third level, which unlocks startup and Gate Wealth investment subscriptions, requires proof of residence.
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The exchange also offers a user-friendly registration process that takes only a couple of minutes to complete, with the first level of KYC verification taking around 2 minutes and the second level taking around 10 minutes.
How to Register?
Registering on Gate.io is a straightforward process that can be completed in a few minutes. Go to the Gate.io official website and press the [Sign Up] button to get started.
You'll be asked to enter your email and referral ID, if you have one, pick your country, and create a password. Don't forget to read and accept the User Agreement and the Privacy Policy.
Next, you'll need to verify your email address by entering a code sent to your email. This step is quick and easy.
After verifying your email, you'll be prompted to pass KYC verification, which is now a mandatory step to access exchange features. This will take around 2 minutes for the first level and 10 minutes for the second level.
Customer Verification
Gate.io has a rigorous customer verification process in place, which is essential for ensuring the safety and security of its users. The exchange requires users to complete three levels of KYC (Know Your Customer) verification to access different features.
The first level of KYC verification, KYC 1, requires users to provide a government-issued ID or passport, and unlocks basic exchange features like deposit and withdrawal. This level of verification is relatively quick and easy, taking less than an hour to complete.
Gate.io's KYC process is concise and provides users with necessary information on the type of documents required. In my testing, I found that the verification process was efficient, taking less than an hour to get verified.
To give you a better idea of the different levels of verification, here's a breakdown of the requirements for each level:
It's worth noting that Gate.io takes its commitment to compliance seriously, and has obtained licenses in several countries, including Dubai, Hong Kong, Malta, and Italy. The exchange also provides proof of reserves and employs regular security audits to ensure the safety of its users' assets.
Trading Test
In our comprehensive trading test of Gate.io, we thoroughly evaluated the platform's usability, features, and actual costs. We signed up, completed the KYC verification, and deposited funds to experience the full range of services.
Gate.io's trading functionalities were tested by exploring different trading pairs and conversions, and we assessed the associated fees for transfers and withdrawals. This process allowed us to provide an informed review of the exchange.
The platform's dual-interface system offers both Standard and Professional options, catering to novice and professional traders alike. The Standard interface is user-friendly and expansive, while the Professional interface is more compact and streamlined for experienced users.
We also examined the platform's trading features, including spot, margin, futures, leveraged token, pre-market, and block trading. Additionally, Gate.io offers automated trading tools, such as trading bots and copy trading mechanisms, which newcomers often favor.
Here are some of the key features of Gate.io's trading platform:
- Interface Options: Traders can choose between the Standard interface, which is user-friendly and expansive, and the Professional interface, which is more compact and streamlined for experienced users.
- TradingView Integration: Gate.io incorporates TradingView, a leading charting tool that offers an extensive array of charting features, drawing tools, and technical indicators.
- Advanced Trading Options: The platform supports multiple order types, including market, limit, and stop orders, as well as Immediate or Cancel (IOC) and Iceberg orders.
- Navigation and Accessibility: The order book is conveniently placed on the right corner, while the 'place an order' icon is located at the bottom of the page.
- Adjustable Trading Volumes: Trading volumes can be finely adjusted using a slider, allowing traders to modify their trades according to their investment strategy and market conditions.
Frequently Asked Questions
Who is the owner of gate exchange?
Gate.io was founded by Lin Han in 2013. Lin Han is the founder and owner of the exchange.
Where is Gate.io exchange headquarters?
Gate.io exchange is headquartered in George Town, Cayman Islands. Learn more about Gate.io's global presence and services.
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