Gate.io Exchange Review
Best For
- IEO Participants
- Chinese Traders
- Margin Funding
- Advanced Traders
Gate.io began operations in 2013 and is an Eastern market focused centralized cryptocurrency exchange. Fiat deposits are not supported and KYC is required for all accounts. Gate.io offers a variety of trading options including: futures contracts, margin trading, and CNYX base pairs.
Gate.io Exchange - 2020 Comprehensive Review
Gate.io Exchange Overview
| Trading Fees | Maker: 0.2% / Taker: 0.2% |
|---|---|
| Exchange Type | Centralized |
| Fiat Trading |  |
| Purchase Options | Crypto Deposits |
| Android App |  |
| iOS App | |
| Trading Options | Spot Trading, Margin Trading, Margin Funding, Futures Trading |
| Order Types | Market, Limit-Stop, Immediate-Or-Cancel, Iceberg Order |
| Exchange Token | |
| Token Benefits | |
| Charting Software | TradingView |
| KYC Check | |
| KYC Rules | Required For All Accounts |
| IEO Platform | |
| Education Resources | |
| Convert Micro Balance |
|
| Institutional Accounts | |
| Trading API | |
| Deposit Insurance | |
| Withdrawal Speed | Fast |
| Customer Service | Live Chat, Email, Support Ticket System |
| Promotions | HODL & Earn - Earnings for your cryptocurrency investment, offering various financial products. |
Gate.io Mobile App Features
Deposits
|
Withdrawals
|
Price Alerts
|
Margin Trading
|
Margin Funding
|
Live Chat Support
|
Gate.io Trading Fees (Maker & Taker)
| Tier | Monthly Volume Requirement | Maker | Taker | Maker Discount | Taker Discount |
|---|---|---|---|---|---|
| VIP 0 | $0.00 | 0.20% | 0.20% | - | - |
| VIP 1 | $30,000.00 | 0.19% | 0.20% | - | - |
| VIP 2 | $60,000.00 | 0.18% | 0.19% | - | - |
*Trading fees subtracted from user BNB balances receive a 25% discount
*All new users begin at the VIP 0 general trading tier, and should expect 0.1% Maker & 0.1% Taker fees.
Gate.io Withdrawal Fees
| Asset | Withdrawal Fees | Minimum Withdrawal |
|---|---|---|
| BitcoinBTC | 0.001 | 0.001 |
| EthereumETH | 0.003 | 0.003 |
| TetherUSDT | 3 | 3 |
| Paxos StandardPAX | 5 | 5 |
| USD CoinUSDC | 5 | 5 |
| TrueUSDTUSD | 5 | 5 |
| DAIDAI | 2 | 2 |
| XRPXRP | 1 | 1 |
Gate.io does not charge deposit fees.
Gate.io Markets & Volume
Rank 60 |
Total Assets 192 |
Total Markets 405 |
Volume 24h $158,373,630.55 |
Volume 7d $983,405,825.25 |
Volume 30d $2,551,116,415.27 |
Gate.io Top Markets
| Crypto Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| BitcoinBTC | $29,691.60 | 95 | $68,703,711.58 |
| EthereumETH | $7,836.09 | 446 | $55,790,780.61 |
| XRPXRP | $0.42 | 2 | $5,045,940.94 |
Gate.io Supported Stablecoins
| Stablecoin Assets | Price | Pairs | 24h Volume |
|---|---|---|---|
| TetherUSDT | $2.86 | 689 | $371,597,377.01 |
| DAIDAI | $1.00 | 1 | $24,862.63 |
| TrueUSDTUSD | $1.00 | 1 | $0.00 |
| USD CoinUSDC | $0.82 | 2 | $0.00 |
| Paxos StandardPAX | $0.00 | 0 | $0.00 |
Gatechain Token (GT)
Ticker GT |
Price $5.65 |
Volume $4,888,503.68 |
Market Cap $442,533,988.00 |
Circulating Supply 78,334,111 |
Total Supply 300,000,000 |
Rank 107 |
Blockchains Ethereum |
Trusted Exchanges Gate.io, Huobi Global, Bitmax |
Hardware Wallets Ledger, Trezor |
Gatechain Token (GT) Exchanges
| Exchange | Rating | Price | Pairs | 24hr Volume |
|---|---|---|---|---|
| Gate.io | 6.5/10 | $5.80 | 3 | $3,462,665.06 |
| Huobi Global | 8/10 | $5.81 | 2 | $15,918.02 |
| Bitmax | 5/10 | $0.00 | 0 | $0.00 |
Recommended Gatechain Token (GT) Wallets
| Wallet | Rating | Type | Price |
|---|---|---|---|
| Ledger | 10/10 | Hardware | $69.99 |
| MetaMask | 8/10 | Browser Extension | $0.00 |
| Ledger Nano M | 7/10 | Mobile Application | $96.00 |
| Trezor | 9/10 | Hardware | $149.99 |
| MyEtherWallet | 9/10 | Web | $0.00 |
| MyCrypto | 9/10 | Web | $0.00 |
| TrustWallet | 9/10 | Mobile Application | $0.00 |
Gate.io Exchange Alternatives
 |  |  | |
|---|---|---|---|
| Rating | 6.5/10 | 7.5/10 | 8.5/10 |
| Trading Fees | Maker : 0.2% Taker : 0.2% | Maker : 0.1% Taker : 0.1% | Maker : 0.1% Taker : 0.1% |
| Fiat Trading | | | |
| Purchase Options | Crypto Deposits | Crypto Deposits, Credit Cards | Crypto Deposits, Credit Cards |
| Trading Options | Spot Trading, Margin Trading, Margin Funding, Futures Trading | Spot Trading | Spot Trading, Margin Trading, Margin Funding, Futures Trading |
| IEO Platform | | | |
| Mobile Apps | | | |
| Headquarters | Malta | Hong Kong | Malta |
| Learn More | Review | Review | Review |
Pros and Cons
Pros
- Futures Trading - Perpetual contracts with up to 100x leverage are available for 20+ crypto asset trading pairs including BTC/USD, ETH/USD, and EOS/USD.
- Margin Trading - Gate.io offers margin trading for 20+ crypto assets with leverage ranging from 3x to 10x.
- Margin Funding - Gate.io offers users the option to lend their crypto assets to margin traders through the exchange platform. Interest on these margin funding loans are paid daily.
- Mobile App - Gate.io has both Android and IOS mobile applications available.
- Customer Support - Gate.io offers 24/7 live chat support for exchange users registered accounts.
- Referral Program - Registered accounts can refer users and earn up to 30% of their trading fees for a duration of 12 months. Newly referred users also receive a 10% discount for 12 months on their trading fees.
Cons
- Trading Fees - General trading fees of 0.20% for maker and taker are considerably higher than the industry standard.
- Low Volume Margin Trading Pairs - Gate.io offers margin trading for several crypto assets with below average order book volume. Blockfer recommends avoiding trading these assets on margin due to extreme volatility risks.
- Privacy - KYC is required for all user accounts in order to trade on Gate.io.
- No Fiat Deposits & Withdrawals - Gate.io does not offer fiat deposits and withdrawals and therefore is not a good option for inexperienced users looking to purchase crypto assets or institutions looking to onboard a large fiat trading balance.
Frequently Asked Questions
Does Gate.io accept fiat deposits?
Does Gate.io have a mobile app?
Does Gate.io offer margin trading?
Does Gate.io require users to KYC?
Does Gate.io accept US customers?
Summary
Gate.io is a centralized cryptocurrency exchange with a variety of trading options and a large eastern market user base. The company has been operating since 2013 with a strong focus on retail traders.
Gate.io has followed the lead of Binance, launching their own native blockchain (GateChain) and native exchange token (GateChain Token). The exchange frequently engages its user base with promotions and has recently launched ‘HODL & Earn’, a blockchain assets lending product.
Blockfer recommends Gate.io for intermediate to advanced retail traders based in the Eastern hemisphere. There are no fiat deposit options on Gate.io making the exchange a poor choice for both beginner and institutional level users.
| Learn More | Best Features |
|---|---|
|
Legal & Regulation - Facts & Figures
| Legal Name | Gate Technology Incorporated |
|---|---|
| Incorporated Country | Malta |
| Headquarters | Cayman Islands |
| Year Founded | 2017 |
| CEO | UNKNOWN |
| Total Employees | 101-250 |
| Regulators | Not Regulated |
| Links | Website, Crunchbase, Source code, Twitter, Blog, LinkedIn |
About The Author
Delton has been writing about blockchain finance & technology, decentralized applications, and crypto assets since 2017. His work has been published and featured by several independent news publications and blockchain projects.
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