With dozens of cryptocurrencies appearing on the internet almost every day, it is difficult for cryptocurrency investors to determine which cryptocurrencies are worth investing in. One such cryptocurrency exchange platform that was created in 2017 to address this particular dilemma is Gate.io.
In addition to providing a platform for cryptocurrency investors to trade digital currencies, Gate.io may also provide its users with specific information about the cryptocurrency markets. The platform allows you to view different prices for a wide range of altcoins that are associated with 4 major cryptocurrencies: Bitcoin, Ethereum, USDT and QTUM.
Deposits and withdrawals
The Gate.io crypto exchange does not support fiat currencies, and therefore the only way that you can deposit or withdraw funds from Gate.io is through cryptocurrency wallets. Wallets on Gate.io are provided free of charge to all account holders on the platform. To make a deposit, you must activate the “Wallet” option at the top of the service’s web page.
Crypto exchange gate.io – key features
- Available crypto-coins: Ethereum, Bitcoin, Qtum, Dash, Ripple, EOS, Zcash, Dogecoin
- Accepted countries – 189 countries
- Payment Method – Cryptocurrency
- Withdrawal Options – Cryptocurrency
- Headquarters – USA
- Year of foundation – 2017
- Contacts Website: https://gate.io Email: (hidden)
Payments and fees
In terms of trading fees, Gate.io charges a small fee of just 0.2%. The fee is actually considered to be one of the lowest fees in the industry.The minimum order size or trade order on Gate.io is $10. As trading volume increases, the exchange also offers a discount on trading fees:
BTC LEVEL DISCOUNT
- VIP0 No < 3 BTC
- VIP1 5% discount for ≥ 3 BTC
- VIP2 10% discount for ≥ 6 BTC
- VIP3 15% discount for ≥ 12 BTC
- VIP4 20% discount for ≥ 25 BTC
- VIP5 25% discount for ≥ 50 BTC
- VIP6 30% discount for ≥ 150 BTC
- VIP7 35% discount for ≥ 400 BTC
- VIP8 40% discount for ≥ 1000 BTC
- VIP9 45% discount for ≥ 2500 BTC
- VIP10 50% discount for ≥ 5000 BTC
In terms of fees for depositing and withdrawing funds, Gate.io exchange does not charge fees on deposits for withdrawals.
Privacy & Security
In terms of verification requirements, Gate.io does not specify what specific requirements are for users. It is assumed that since the exchange deals only with cryptocurrencies, account holders are not required to verify their accounts, i.e. this is a crypto exchange without verification of the client’s user profile.
Security on the Gate.io exchange is ensured by the fact that the platform uses cold wallets to protect the funds of its clients. Transactions on the platform are additionally secured using SSL encryption technology. On the part of clients, security is provided by the fact that they must activate two-factor authentication. Judging by what reviews there are about gate io, passing this verification stage is quite easy, even for an inexperienced user.
Conclusion.The gate io cryptocurrency exchange, which was reviewed in this article, in addition to the fact that this platform supports a wide range of cryptocurrencies, there is one significant drawback. It still has very few features that will make this platform attractive. The platform is relatively new, and there is not much information about its founders either. In terms of security, the platform also makes no guarantees that customer funds will be completely secure. There is an opinion among experts that you can find a better choice than what the Gate.io marketplace offers.