The webs most detailed Gate.io review: This Cayman Islands cryptocurrency exchange with a lot of utility has been put under the microscope by our expert. Keep reading to find out exactly what makes this platform special and why so many traders keep coming back.
In this section of our Gate.io review we highlight 6 special features that deserves extra attention.
Gato.io is a cryptocurrency exchange that only allows for crypto deposits. It is based in the Cayman Islands and was founded back in the fall of 2017. The operating company is called Gate Technology Inc and is registered at P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman Islands.
The main product on Gate.io is of course the cryptocurrency trading and it’s highly recommended thanks to both simple and advanced interfaces. It might take some time to get used to all features on the platform but once you get the hang of it you will see it’s not all that complicated.
Why use Gate.io
Gate.io is the perfect fit for someone who is looking for a new platform that offers a lot of utility and different instruments. This is a non-reguated cryptocurrency exchange that offers spot trading, contract trading, ETF, short-term options, mining pools, crypto lending and different investment plans.
Trading on Gate.io
On the spot trading platform you will enjoy the standardized Tradingview charting package which never lets you down. The interface itself is built to easily guide you when ever you want to swith product or change the order types. Standard market depth and order flow is also added to the right hand side of the screen.
There are a lot of different instruments to trade on Gate.io which is great if you are trying to find out your niche or if you are looking for new opportunities. There are some complex order selections and you will be able to add a stop loss and take profit to your positions. Leverage trading is of course an option on this crypto exchange.
Payment methods and limits
Gate.io only accepts cryptocurrency deposits and there is no option to deposit fiat money yet. The limits are sky-high as expected when it comes to blockchain transactions.
Things we don’t like
The obvious elephant in the room is here again, live chat delay. This is huge problem for many platforms and not only Gate.io. We still stress that this will reduce the rating on this exchange as well because it’s such an important element for traders to be happy with a service.
Also, since there is no government regulation on this crypto exchange we have point it out and we don’t recommen that you keep cryptocurrencies store on the exchange while not trading.
About the special features on Gate.io
Gatei.io is full of extra utility that I know a lot of traders like. You will find yield farming, trade leaderboards, automated trading, backtesting, warrants, market news, calendars, and you can also vote for the next coin to be listed which is kind of cool. Gate.io also has a very well-structured bonus campaign section where you can do small tasks to earn rewards. There are also deposit and welcome bonuses to get you started if you are a new trader. All cryptocurrency bonus is for you to keep and it will always go directly to your own account.
Use the crypto lending service to borrow cryptocurrencies up to a maximum of 5 million USDT. The daily interest of 0.01% is one of the lowest available on any crypto lending platform.
Periodic Investment Plan
The periodic investment plan is based on USDT and is a cost averaging strategy where you can invest weekly or monthly. There is no management fee and it is aimed at people who want to invest in the cryptocurrency sector over a longer-term.
Margin Borrowing / Lending
Here you can borrow or lend cryptocurrencies with leverage up to 10x. It’s very easy to access this platform and the instructions for leveraged lending are very straightforward. Choose the amount you want to lend, the rate per day, and also the duration feel comfortable with.
Dual Currency Product
This is a new investment service on the platform where you have the opportunity to speculate on the future price of BTC or ETH. The holding period varies between 2 to 30 days and you can earn up to 84% annualized rate of return if you have the skills to predict the prices a week or a month forward in the future.
Is Gate.io safe to use?
There are a lot of different security settings that you can activate to make your account secure such as login verification email code, SMS setup, two-factor authentication, email setup, fund password, anti-phishing code, and more. However, we can’t guarantee that Gate.io will protect your funds at all times, and right now we don’t have a lot of info regarding the security from actual users.
Is Gate.io regulated?
No this is a non-regulated cryptocurrency exchange.
Frequently asked questions
Read the most frequently asked questions about Gate.io. Find answers without searching the web.
All citizens of the US except traders from the state of Washington and New York are allowed to trade on Gate.io.
This cryptocurrency exchange is registered in the Cayman Islands at this address: P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205.
Yes, we consider it to be trustworthy thanks to sufficient security features. However, we do not recommend that you keep a lot of cryptocurrencies stored on the exchange while not trading.
It is a cryptocurrency exchange for both bitcoin and altcoin trading with several products and instruments for digital asset trading.
Head over to your funds and choose which cryptocurrency you want to withdraw. Simply click withdraw and select the amount.
Yes, to start trading you need to go through the KYC process.