Gate.io Review 2024

Gate.io

Gate.io is a leading cryptocurrency exchange and trading platform. They support 1636 coins across 2666 markets.

Gate.io

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Summary

Pros

  • Wide range of cryptocurrencies available with over 1300 listed
  • Advanced trading features including futures and leveraged trading
  • User-friendly NFT marketplace with diverse categories and features
  • Comprehensive fee structure with discounts for GT token holders
  • Supports a large number of fiat currencies for deposits
  • Extensive security measures including cold storage and anti-DDOS protection
  • Educational resources and tools for beginner traders
  • Copy trading and trading bots available for automated trading strategies
  • Robust customer support with multiple contact options
  • HODL & Earn program offering passive income opportunities

Cons

  • Not the most user-friendly interface for beginners
  • High deposit fees for certain methods
  • KYC verification can be time-consuming
  • Limited availability in certain countries due to regulatory restrictions
  • Reports of slow customer service response times
  • Complex fee structure with additional charges for various services
  • Not as beginner-friendly for futures trading
  • Potential issues with market manipulation concerns
  • Limited insurance for user funds stored on the platform
  • Long registration and verification process

Features

Spot Trading

Gate.io allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.

Futures Trading

Gate.io supports futures trading. Derivative contracts that you can trade on leverage without providing margin.

P2P Trading

Gate.io support P2P trading. Where you trade directly with other people through specific payment methods or giftcards.

NFT Marketplace

Gate.io has an NFT marketplace, where you can buy/sell NFTs and collectibles.

Trading Bots

Gate.io has trading bots that you can use to automate your trading strategies.

Copy Trading

Gate.io supports copy trading, an automated method of copying other people's trades; great if you're a newbie, or if you're not the best trader.

Options

Gate.io supports options trading. Pick a crypto, and guess the direction, if you're right, you earn more crypto.

Money

Fees

Like all centralized exchanges, Gate.io charges fees. This is how they generate revenue, and keep their operation running.

  • Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
  • Withdrawal fees. Gate.io charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Gate.io.
  • Gate.io's maker fees: 0.2%*
  • Gate.io's Taker fees: 0.2%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Gate.io supports 5 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

  • Credit/Debit Card
  • Bank Transfer
  • Crypto
  • Apple Pay
  • Google Pay

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Gate.io supports 2 fiat currencies.

Security

Keeping your funds safe

Gate.io offers 3 additional layer(s) of security. Aside from the obvious -- email and password.

  • 2FA
  • Yubi Key
  • SMS

KYC

Gate.io requires KYC to use their services. KYC usually involves sharing your personal details, some form of ID, a mobile phone number, and in some cases, proof of address.