What Is Gate.io?
Gate.io is a centralized cryptocurrency exchange where users can find a large number of crypto coins and tokens to trade. The platform supports over 1400 cryptocurrencies with over 2500 trading pairs. The project occupies one of the leading positions in terms of trading volume (more than 12 billion dollars in trading volume daily) and supports spot and margin trading. It also expanded services to other markets, including options, futures, and derivatives for investors.
Launched in 2013, the platform claims to be “steady and reliable,” offering a user-friendly platform with 24/7 customer support and a robust mobile app. However, the exchange is not highly regulated, and does not offer the option to withdraw fiat. In order to withdraw funds from accounts or deposit cryptocurrencies, users go through a mandatory KYC or “Know Your Customer” process.
Who Are the Gate.io Founders?
In 2013, the exchange was established in China by founder and current CEO Lin Han. He wanted to create a secure trading platform for everyone who believes in Bitcoin. Lin Han holds a Bachelor of Engineering degree in Computer Software Engineering and a Master’s degree in Mathematics and Computer Science.
When Did Gate.io Launch?
It was launched in 2013 under the name Bter or Bter.com, then in the fall of 2017 the exchange was taken over by Gate Technology Inc. and has been renamed.
Where Is Gate.io Located?
Gate.io is the earliest crypto-to-crypto exchange from China. The company is located in the Cayman Islands.
Gate.io Restricted Countries
The platform is available to all countries except Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea. Some services are not available to residents of the US (in Washington, New York) and Canada.
What Coins Are Supported on Gate.io?
Almost all the leading coins of the industry are listed on the platform, among them the top 20 cryptocurrencies by market cap.
How Much Are Gate.io Fees?
Commissions on the platform are quite competitive — while trading on the exchange, users do not have to pay deposit fees, while fees for withdrawal vary depending on the cryptocurrency.
Spot and futures trading fees are based on a tiered VIP level — depending on the user’s 30-day trading volume — and range from VIP 0 to VIP 16. Rates are based on a maker-taker model.
Is It Possible To Use Leverage or Margin Trading on Gate.io?
Gate.io offers to its clients margin trading with 10X leverage. The volume of the margin loan is determined by the leverage ratio: the exchange provides leverage ratios from 3X to 10X, which varies from market to market.
