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Gate.io Review 2023

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Our Rating

2.3
/ 5

Gate.io is #125 in our crypto broker rankings.

Gate.io will attract experienced traders looking for diverse crypto opportunities, NFTs and favorable trading fees. However we don't consider this exchange secure with little to no regulatory scrutiny.

- DayTrading Review Team

Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.

✓
Demo Account

Minimum Deposit $0

Trading Platforms Own

Instruments Spot and crypto derivatives

Bonus Offer -

Account Currencies

Payment Options Bitcoin Payments, Banxa

All Gate.io Details

Compare Gate.io

Crypto Trading

Gate.io supports 180+ altcoins, with an impressive 670 assets that can be traded against USD, 89 BTC markets and 520 ETH markets. Active traders are favored with the tiered fee structure, paying as little as 0.055% for maker fees.

✓ Pros

• 180+ crypto tokens available and 100+ crypto deposit methods
• Lending and yield farming supported, plus an NFT marketplace
• Unlike many exchanges, Gate.io offers a free demo account with virtual funds
• Derivatives trading available with leveraged tokens up to x100 and spot contracts
• A range of community and social features are available including a chat room, leaderboards and live streams
• Wide range of educational resources aimed at various experience levels plus a Beginner's Zone with rewards
• Gate.io wallet for crypto-asset storage

✗ Cons

• Cluttered platform which may deter beginners
• Unregulated exchange raises security concerns
• Limited customer support methods
• Daily withdrawal limits and fees
• Fiat deposits are not accepted
• No customers from the USA

Gate.io is one of the oldest crypto-to-crypto exchanges, offering 180+ cryptocurrencies on its leading trading platform. Our Gate.io exchange review will cover trading fees, sign-up and login procedures, mobile app features, how to trade, and more.

Gate.io Explained

Gate.io was established in China in 2013 (origin Bter.com) and rebranded in 2017. The exchange is operated by Gate Technology Inc with headquarters in the Cayman Islands.

Gate.io runs an IEO (initial exchange offering) platform named Startup. In 2020, the platform raised over $10 million through three IEOs: WOO, Coral and JGN.

GateToken (GT) became the official token of the exchange in March 2020, distributed via Gate.io rather than an ICO or private sale. GT was initially offered as a gift, however, clients can now buy the token at the spot market price or through activity participation. The maximum circulation is 0.3 billion coins.

Today, the exchange trades over $1 billion in cryptocurrencies per day. Gate.io is not currently regulated by a financial authority.

Products

Gate.io supports various crypto-to-crypto trading opportunities. The coin listing spans 180+ altcoins, including SafeMoon (SAFEMOON), Persistence (XPRT), and Chia (XCH). Overall, the exchange supports 670 markets against the USD, 89 BTC markets and 520 ETH markets. Keep an eye on the exchange announcements for new coin listings, as more are added regularly.

Trading opportunities include:

Spot

• Margin trading – Lend or borrow funds with 10 x leverage
• Push transactions – Peer-to-peer sales with the ability to transfer assets between accounts
• Spot trading – Crypto-to-crypto trading pairs, examples include USDT/BTC and BTC/EOS
• ETFs – Funds comprised of crypto products. A selection of combined, leveraged and inverse ETFs are available

Derivatives

• Delivery – Futures contracts that are settled at a fixed expiration date
• Perpetual – USDT or BTC contracts trading with no settlement date
• CBBC – Callable bull/bear contracts. A structured and leveraged product
• Warrant – Call and put options available depending on whether the market is bullish or bearish

Trading Platform

The Gate.io trading platform can be accessed through any web browser or it can be downloaded to your desktop for free on both Windows and Mac devices. Although suitable for both new and experienced traders, the interface is busy, making it less user-friendly vs competitor exchanges, such as KuCoin or Binance.

From the main menu, traders can navigate to margin trading, lending and borrowing, perpetual contracts trading, cryptocurrency markets, and the wallet overview. Platform features include:

• Trade history list
• Live news streams
• Favourites watchlist
• Live support chat room
• Market search function
• Simple order book view
• Night mode backgrounds
• Candlestick and line charting view
• Professional, simple, or market depth charting view options

App Review

Gate.io offers an advanced mobile app that is available for free download to iOS and Android devices. This allows users to place trades and manage accounts while on the go. Traders can access all the same advanced trading platform features and tools that are available on the desktop version.

Demo Account

Gate.io offers a demo account, allowing traders to practise their strategies risk-free via the testnet software. Head to the broker’s website to sign up and get started.

Deposits & Withdrawals

Deposits

Gate.io accepts deposits from 100+ crypto coins, including BTC, ETH, XRP, XLM, BSCS, and EOS. The exchange does not accept fiat currency deposits. Therefore, traders will need to convert traditional currencies into crypto before they can use the platform. There are no minimum deposit requirements or applicable fees but the minimum order trade size must be at least $10 in value.

To add funds to an account, select the ‘wallet’ page and search for the depositing coin. Enter the deposit address, memo, or tag and then follow the instructions. Verification time varies by token as blockchain confirmation is required.

Contact Gate.io customer support for issues with funding attempts not generating a deposit address or a deposit not showing after blockchain confirmation has been completed.

Withdrawals

At Gate.io, withdrawals can be executed without completing any KYC checks. However, there are 24-limits on how much traders can withdraw. Limits can be increased if identity verification documents are submitted, subject to approval from customer support. There is no minimum withdrawal limit. Limits vary by token and are listed below:

• EOS (EOS) – 20000 EOS daily limit, 0.32 EOS withdrawal fee
• Bitcoin (BTC) – 100 BTC daily limit, 0.001 BTC withdrawal fee
• Litecoin (LTC) – 10000 LTC daily limit, 0.01 LTC withdrawal fee
• GateToken (GT) – 500000 GT daily limit, 0.2 GT withdrawal fee
• Ethereum (ETH) – 3000 ETH daily limit, 0.0047 ETH withdrawal fee

Funds are processed immediately, however, as with all crypto exchanges, withdrawal time is dependent on the speed of the blockchain.

Listing Fees

Gate.io exchange trading fees are competitive, with a tiered structure. Active traders are rewarded with more favourable trading charges, while those executing fewer positions will find they pay relatively more. Taker and maker charges are based on total trading volumes over 30 days, varying by VIP ranking (1 to 16). The maker fee ranges between 0.2% for VIP level 1 to 0.055% for VIP level 16. The taker fee spans from 0.2% for VIP level 1 to 0.065% for level 16.

Additionally, Gate.io offers a point plan trading fee discount programme. Clients can purchase points through the Gate.io wallet that can be exchanged for a trading fee deduction.

Perpetual contract trades incur a different trading fee. Market makers will receive a -0.025% rebate as they provide liquidity and increase the market depth. Market makers will be charged trading fees as liquidation is taken off the book. The taker fee is +0.075%. These costs can also be covered using points.

Note that Gate.io provides a 25% discount for clients paying fees with the GateToken (GT).

Rewards

Gate.io offers several rewards and bonus incentives, many of which reduce trading fees. These are grouped into tasks, based on client classification; novice, experienced, trading volume, and growth. Specific tasks must be completed to earn points. Examples include +30 points for your first deposit over 0.05 BTC or +30 points for the first perpetual contract trade over 500 USDT. Clients can only claim once.

Gate.io also offers a referral scheme with the opportunity to gain 50 points for every 3 clients successfully invited using the unique promo code.  There’s also the option to earn rewards by requesting a new token listing.

How To Open An Account

To open an account with Gate.io, clients must complete an online registration form. This includes country of residence, username, email address, and password. Code verification is necessary. A separate fund withdrawal password is required which increases account security. A basic KYC procedure, account verification, and one-time password (OTP) are required before you can begin trading. Pending identity verification, approval times can vary between a few hours to 24 hours.

How To Trade With Gate.io

Trading with Gate.io is easy, but we’ve prepared a list of instructions on how to get started:

• Select the trading page (Home>Trade)
• Enter the desired price and amount in the correct field
• Click ‘buy’ or ‘sell’
• A pop-up dialogue box will appear to check the price and amount
• Enter your fund password
• Orders will appear in the ‘order tab’

Wallet Options

Gate.io offers clients the option to store cryptocurrency in hot or cold wallets. This incurs no additional cost. The Gate.io wallet is available on the exchange web browser and mobile app. Wallet.io is an alternative crypto wallet to store, transfer and receive funds. The Gate.io exchange and Wallet.io account can be held under a single username.

Additional Features

There are several additional features, trading tools and services available. Some of the main financial features include:

• HODL & Earn – A blockchain platform enabling users to earn income by holding cryptocurrency
• Cryptocurrency lending – Allows users to lend crypto at a specific interest rate for an agreed length of time
• Dual currency investment service – BTC & ETH portfolio. A dual-currency product with an 18-day holding period where a pegged price range is used for settlement and earnings at maturity
• Yield farming – Earn income from fees by providing liquidity to the market. Clients can stake crypto coins for a fixed time duration
• Margin trading – Gate.io offers leveraged trading opportunities up to 10 x the value of the entered position. This varies by token, for example, Flow (FLOW/USDT) is offered up to 3 x leverage
• Periodic investment plan – A USDT-cost averaging strategy to buy cryptocurrencies. Invest a fixed amount into a portfolio at a given time, repeatedly. Flexible, redeemable, and changeable at any time

Additional user benefits offered by Gate.io include news streams, announcement access, YouTube tutorial content, and live streaming videos. Topics include market order trading, a grid trading review, and a quantitative trading strategy. A profile page by username can be used. Clients can share trading ideas, opinions, chat and share insights. Clients can also access chatrooms and giveaways via the News section of the exchange website.

Gate.io also offers a useful help centre webpage on the crypto exchange website. This comprises several useful documents and links including educational resources such as understanding perpetual contracts, how to store Bitcoin safely, and API 2.0 documentation.

Gate.io utilises several third-party trading tools to enhance clients’ overall trading experience. These can be integrated within the trading platform. The extensive list includes 3Commas trading software, available to link to trading bots via an API key.

Order Types

Gate.io traders can utilise the following limit and conditional orders:

Limit Order

Set the desired price and select buy/sell. When the latest traded price reaches the order limit price, the order will be executed. Filled orders will move to trade history. Other settings, such as Iceberg order type or post-only order are also available.

Conditional Order

A conditional market order will be filled immediately once the trigger price meets the last traded price. A conditional order limit will be submitted to the order book pending execution. Price condition and time condition orders are available to suit the client’s needs.

Customer Support

Gate.io exchange offers the below customer service and support options, available 24/7:

• Email – support@mail.gate.io
• Message request – ticket service
• Live chat –  Found at the bottom right of each webpage
• Social media channels – Including Twitter, LinkedIn, Telegram and Biyong
• Address – P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman Islands

No phone number is provided, however, an extensive FAQ page covering several topics is available. These include; fund password reset instructions, how to deposit money, how to delete an account, change a trading currency, KYC document upload not working, withdrawal problem support, and discount code issues.

Security

A range of platform and account security protocols are available. Secure account features include; two-factor authentication (2FA) with Google Authenticator, SMS verification, fund withdrawal password, blind IP logins, and anti-phishing codes. QR code integration makes adding secure steps quick and simple. Visit the help centre for information on 2FA reset options or if this is not working on a device. There are no KYC bypass options. User funds are protected by utilising hot and cold crypto wallets.

It should be noted, the exchange suffered a 7000 BTC hack in 2015. Crypto coins were stolen from cold wallets. More recently, Gate.io clients were exposed to PAID network hacking in March 2021. Although the exchange has not accepted responsibility, they are offering compensation to victims.

Gate.io Verdict

Gate.io is an excellent crypto-asset exchange that offers a variety of instruments across the crypto market. There are unique additional features, such as the HODL and Earn scheme, as well as a strong choice of derivatives. Financial services, such as margin lending, periodic investment plans, and yield farming make the exchange an attractive prospect for experienced traders. Beginners may find the platform difficult to grasp and there is limited educational information to help those with limited experience understand the basics of crypto. Plus, the lack of global regulation may put some traders off.

Accepted Countries

Gate.io accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Gate.io from United States, Cuba, Iran, Korea, Sudan, Syria, Pakistan, Venezuela.

Payment Methods

• Bitcoin Payments
• Banxa

Gate.io Details

Cryptocurrency Trading Details

Compare Gate.io

Compare Gate.io with similar brokers that accept traders from your location. Among available brokers these are the most similar to Gate.io:

1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
   Go to IG Group
2. Kraken – Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
   Go to Kraken
3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex

Gate.io Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Gate.io and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Gate.io vs Other Brokers

Compare Gate.io with any other broker by selecting the other broker below.

FAQ

Is Gatei.io Safe?

Gate.io is a legitimate crypto exchange platform with suitable security features. Although it is safe, clients should be aware of previous hacking history, no regulation, and lack of transparency around the owners, founders and investors.

My Gate.io Password Is Not Working, How Can I Reset This?

A fund password can be reset within the ‘my funds’ page within an account. Click ‘forgot password’ and complete the required information. This may also be required after too many failed login attempts. Email reset options are sent to accounts for login passwords.

Does Gate.io Offer A Mobile Trading App?

Yes, Gate.io offers an advanced mobile app available for free download to iOS and Android devices. Traders can access all the trading platform features and tools available on the desktop version while on the go.

Is Gate.io Regulated In The UK?

Gate.io is not regulated by a financial body within the UK or any other global authority.

Does Gate.io Provide A Crypto Wallet?

The Gate.io wallet is available via major web browsers and mobile app for clients to store digital funds. Wallet.io is an alternative option to store, transfer and receive funds. Clients can integrate a Gate.io exchange and Wallet.io under one account.

	Visit	Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.
Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.