Gate.io is a cryptocurrency exchange that was founded in 2013. The exchange has endured the ups and downs of the cryptocurrency industry that have occurred since then, and remains a very popular trading platform. active, especially for altcoin enthusiasts.
The exchange is accessible worldwide except for users in certain jurisdictions. This includes the United States of America, mainland China, Canada and Singapore, among others. For some jurisdictions, Gate.io offers its services on a product-by-product basis (for example, German users can use spot trading on the exchange but cannot trade derivatives).
Gate.io has a very extensive range of features, and we’ll cover the exchange’s most notable products in this article. Before we take a closer look at what Gate.io has to offer, let’s quickly review some of its most important pros and cons:
Advantages of Gate.io:
- Very large selection of listed cryptocurrencies
- Offers cash transactions as well as a diverse range of derivative products
- Supports staking, crypto lending, cash mining, and other passive income options
- NFT-enabled features
Cons of Gate.io:
- Accounts cannot be funded directly with fiat currency
- Does not accept customers from certain jurisdictions, including the United States and Canada
Supported Cryptocurrencies
The Gate.io exchange supports a truly massive selection of cryptocurrencies. The platform lists virtually all major cryptocurrencies, as well as hundreds of smaller altcoins. Users should be aware that the liquidity of some of the “micro-cap” altcoins can be quite low, although this should not cause too much of a problem for clients trading smaller amounts. When it comes to larger crypto assets, liquidity on Gate.io is solid and will be more than enough even for users who trade larger sizes.
Although there are hundreds of different cryptocurrencies available for trading on Gate.io, here is just a small sampling of the supported coins:
Commercial products
Variety is the name of the game at Gate.io, and that applies to their commercial products as well. Of course, the exchange offers standard spot trading, but it also offers derivatives that are suitable for more advanced traders.
Spot trading
Spot trading on Gate.io is available in “Standard” and “Professional” varieties. The difference between these two modes is the trading interface. The “Standard” mode provides a basic cryptocurrency trading interface similar to what you will encounter on other cryptocurrency exchanges. By switching to “Advanced” mode, traders can customize the trading interface according to their needs. In this mode, multiple pricing tables can be displayed on the screen and the interface layout can be customized with different color themes and layouts.
Charts on Gate.io are powered by TradingView, which allows traders to rely on charts and use technical indicators to set up their trading strategies.
Margin of negociation
Gate.io supports margin trading, which allows traders to access leverage by borrowing crypto assets. Margin trading is available for a large number of crypto assets, although the list is slightly smaller than what is available for trading on Gate.io spot markets. Leverage limits for margin trading on Gate.io range from 3x to 10x, and the limit depends on the specific cryptocurrency. For example, Bitcoin and Ethereum can be traded on margin with 10x leverage, while the limit for Solana is set at 3x.
Passive income products
Passive income products are becoming increasingly important for cryptocurrency exchanges – many users don’t want to actively trade their coins, but are still interested in earning yield through staking, lending and other services . Gate.io has done a good job catering to these customers, as the exchange offers an “Earn” product suite that encompasses crypto lending, staking, dollar cost averaging, liquidity mining, and Moreover.
Users who want to earn a return on their crypto holdings can choose from a variety of products on Gate.io, which includes short-term and long-term products.
Gate.io also provides staking services for many Proof-of-Stake cryptocurrencies listed on the exchange. This includes coins like TRON, Cosmos, Algorand, and Tezos. Fans of the Polkadot ecosystem can lock up their DOT or KSM tokens on Gate.io to participate in parachain slot auctions and earn token rewards from the projects they support.
GateToken
Gate Token (GT) is an exchange token that offers many benefits to holders using the Gate.io exchange. In addition to functioning as an exchange token of Gate.io, GT is also the native token of the GateChain blockchain platform.
By owning GT, Gate.io users can increase the VIP level of their account. Users with a higher VIP level can access higher trading fee discounts, access IEOs and other token sales on Gate.io Startup, and buy popular cryptocurrencies at a discount. GT holders can also vote on new token lists.
Starting Gate.io
The Gate.io Startup platform offers unique opportunities for holders of the exchange’s GT token. It offers token sales and airdrops of new and established cryptocurrency projects. Depending on the project, tokens can be offered at a discount or airdropped for free to users. Often, new projects featured on Gate.io Startup then go public soon after the token sale.
NFT features
Non-fungible tokens (NFTs) are taking the crypto world by storm, and Gate.io has ensured that NFT enthusiasts have a place on their platform. The exchange offers Initial NFT Offerings or INOs, where interested users can purchase NFTs from upcoming projects. Gate.io also has an NFT Marketplace, where NFTs can be purchased from other users. Users can switch between NFTs from issuers that have been verified by Gate.io, or browse the “Free Market” section which includes all NFTs on the market.
Account Funding Options
After creating an account on Gate.io, users can fund their account with a cryptocurrency deposit. It is also possible to buy cryptocurrency with fiat, although this is done through third-party services integrated by Gate.io to buy cryptocurrency with fiat. Users who want to buy crypto with a debit or credit card can do so through MoonPay, Simplex, and other services supported by the exchange. For users who want to buy crypto via bank transfer, Gate.io offers integration with Legend Trading.
One improvement we would like to see in Gate.io would be to support fiat currency direct deposits via wire transfer. However, this is not always possible as it can be difficult for crypto exchanges to secure banking services in some jurisdictions.
The bottom line
Gate.io offers virtually all the functionality one would expect from a modern cryptocurrency exchange. With spot and derivatives trading, passive income products, IEO token sales, and other products, Gate.io covers most of the key areas for crypto investors. Perhaps the most impressive property of Gate.io is the massive number of cryptocurrencies it offers for trading, which is virtually unmatched in the cryptocurrency industry. However, there is still room for improvement – the exchange does not yet offer direct fiat currency deposits, and we would also like to see the exchange improve the quality of some of its English materials.
Edward is a finance expert who experienced the 2007 stock market crash first hand. In 2010 he discovered Bitcoin and has been a cryptocurrency advocate ever since.
