Let’s begin this review with the basic questions.
Where is Gate.io located? The platform has offices in Canada, China, or the USA, according to different sources. The first center was launched in 2013.
Is Gate.io legit? Of course. The site is officially registered in the US. It has over 200 different assets listed, including BTC and ETH. Sadly, the Gate.io exchange doesn’t support fiat. Instead, it has stablecoins so you can use USDT freely.
Gate.io is available in 12 languages.
You can change the language in the bottom right corner.
Gate.io has a substantial trading volume that is visible on the main page for top currencies. Here, you can see rates, charts, and other information about coins.
In the eponymous tab, you can find all the fees. For instance, Gate.io fees are 0.2% for all newcomers. Discounts are available for VIP users and holders of GT tokens. To progress through 16 VIP stages, you should have enough monthly volume in BTC, starting from 3 BTC for VIP 1.
As for deposits/withdrawals, fees are 0% but withdrawals also have small fees in tokens like 3 USDT or 0.0005 BTC. Also, Gate.io limits on the tokens’ withdrawal. The exchange has fees for futures trades (0.075% for takers and -0.025% for makers) and lending fees plus discounts based on the VIP levels.
Let’s now answer the most important question: “Is Gate.io safe?”.
Is Gate.io safe?
Completely. The exchange guarantees your security through cold wallets, 2FA, and other options. It has its own KYC verification process but it’s required for withdrawals only. The Gate.io support is a separate page, which you can find by following the “More” – “Help” links at the top of the site.
Support interfaces are available in the same languages as the main platform.
You won’t find Gate.io phone number. Instead, there are a lot of topics with detailed answers. The team regularly adds new info. To contact the support directly, use the ticket system.
Now, let’s check out “how to use Gate.io” and “how to buy on Gate.io”.
As with any exchange, you should create a personal account initially. Apart from a regular password, users have to create a fund password used for trade/withdrawal confirmations. Check the registration form:
Many markets are available for trading. The interface is pretty typical, you can explore it below:
Let’s sum up our Gate.io review 2020 and highlight its main aspects.
- A lot of coins, including new ones come regularly;
- Absence of Gate.io fraud;
- Gate.io API functionality;
- Gate.io down is absent;
- Quick registration;
- Simple interface;
- Verification required for withdrawals only.
- Commissions are higher than average;
- Fiat currencies aren’t available;
- Relatively high withdrawal limits.