In the growing crypto market, there is an evolving need for exchanges that offer access to newly launched tokens before they hit major platforms. Gate.io crypto exchange is one of the oldest digital asset trading platforms that has a strong expertise in the early listing of emerging tokens.
It also provides advanced trading features with high liquidity, which makes it the hub for all crypto enthusiasts. If you are new to this exchange, exploring and understanding its service offering, features, and other key insights should be a priority. So let’s review the exchange with its features, functions, services, security features, and pros and cons to find out if it’s a good fit for crypto traders.
What is Gate.io?
Gate.io is one of the oldest cryptocurrency exchanges, which was founded by Lin Han in 2013. It was a China-based crypto exchange under the name Bter, but in 2017, due to the ban of crypto exchanges in China, it was shifted under the new brand name “Gate.io”.
Gate.io is currently headquartered in the Cayman Islands with more than 22 million registered users across 130+ countries. It supports over 3800+ cryptocurrencies, including major crypto coins like Bitcoin, Ethereum, Solana and more.
Gate.io offers multiple crypto trading-related services, which include spot, margin, futures and options trading, as well as various other services like Earn Program, Auto investment, Crypto lending, NFT marketplace, etc. All these offerings make it one of the aspiring crypto exchange platforms in the ever evolving crypto industry.
According to Coingecko, Gate.io is currently 12th largest crypto trading platform on the basis of trust score, and its total crypto reserve reportedly sits at $10.865 billion.
Key Features of Gate.io Crypto Exchange
Here are some key features of Gate.io that make it one of the popular crypto exchanges:
Spot Trading
Gate.io provides its users with an opportunity to trade more than 2500 cryptocurrencies and more than 2900 spot trading pairs. It also provides leverage up to 10x for certain assets, which are marked with 10x symbols on the platform.
Futures Trading
The exchange offers multiple futures trading options which include perpetual futures options, delivery futures, and unified accounts. It also provides traders with an option of 100x leverage and choose from the 255 available futures trading pairs.
Margin Trading
Gate.io also offers its users with margin trading, which is available on more than 470 assets with up to 10x leverage. Currently, there are two margin modes available on the exchange, which include cross margin and isolated margin.
In cross margin trading, the margin is shared between all open positions with the same settlement crypto, while in an isolated margin, the margin is assigned to a position and its restricted to a certain amount, and if the margin falls below maintenance, the position will be liquidated.
Pre-Market Trading
Pre-market is one of the unique features of the platform, which provides investors with an opportunity to trade cryptocurrency over the counter before its official launch. This feature helps traders to secure their desired price and liquidity in advance.
Crypto Staking
The crypto trading platform provides token holders with an opportunity to earn passive income by staking their tokens on the exchange and earning higher returns on their investment.
Trading Bots
The trading bots on the Gate.io exchange are helpful for new investors, where they can use these bots for making their trading strategies and also have the option to use them for trading on investors’ behalf. It has various types of trading bots, which include spot grid bot, futures grid bot, average cost bot, etc.
Copy Trading
Crypto trading is a very complex process where there is always a need for guardians who can help in making the best trading strategies, and hence Gate.io comes with a copy trading feature that mirrors the trades of expert traders to help new traders earn on their investments.
Gate.io NFT Marketplace
It provides a platform for artists, creators, individuals, etc to mint, buy, and sell digital assets. The platform provides a good interface with minimum minting fees for the NFTs.
Gate.io Lending
Gate.io crypto exchange provides a platform that allows users to lend and borrow funds in a peer-to-peer mode without any intermediary. This service offers flexible lending terms with a default period set at 10 days and is ideal for investors with extra capital to earn passive income.
Gate.io Mobile App
To make crypto trading accessible from any place, Gate.io comes with a mobile application with a catchy interface that allows users to trade from anywhere. The mobile application increases the user base because it helps traders who do not have access to computers and laptops.
Trading Fees in Gate.io
Trading fees play a very important role in deciding the user base. Here is a detailed fee structure of the Gate.io exchange based on the market.
Spot Trading Fees
The exchange charges a flat trading fee of 0.2% for both makers and takers. However, it uses a VIP level structure where, with the increasing level, the fee is reduced and can go down up to 0% for maker and 0.02% for taker.
Further, if a user pays via GT, a native token of Gate.io, then it gets an additional 10% discount. Currently, it has 16 VIP levels, which are based on the user’s trading volume.
Futures Trading Fees
Gate.io charges a futures trading fee of 0.02% for makers and 0.075% for takers. It also has a VIP level structure where, with increasing investors’ trading volume, the fees are reduced and can go as low as 0% for maker and 0.016% for taker.
Deposit and Withdrawal Fees
Gate.io crypto exchange does not charge any deposit fees, while withdrawal fees on the exchange depend on the token a user withdraws. For example, if a user withdraws Bitcoin, then a fee of 0.000254 BTC is charged, and when a user withdraws ETH then it costs around 0.000232 ETH.
Security Measures
Gate.io is regarded as one of the most secure trading platforms, which uses a dual-layer asset protection strategy to secure funds.
Gate.io uses cold wallets and hot wallets and protects them using Multi-sig technology, Trusted Execution Environment (TEE), Multi-Party Computation (MPC), etc. It also uses threshold signatures with all transactions undergoing risk management verification before being broadcast to the blockchain.
Gate.io, to enhance account security, uses two-factor authentication, anti-phishing measures, and additional security protocols like anti-DDoS attack mechanisms, DNS security, WAF protection system, and third-party cloud security etc. The platform also has an insurance fund with a reserve ratio of 128.58%, which indicates that users’ assets are fully backed and secured on the platform.
Customer Support
Gate.io provides its users with multiple customer support channels like Live chat, which is available 24/7 through the website’s help centre, Email support, where a user can send their inquiries, and educational materials, which include a collection of articles, FAQs, etc.
GT Token and Its Utility
GT (GateToken) is the native token of Gate.io Exchange, which is currently priced at $21.69 with a market cap of $2.69 billion. It has multiple utilities on the trading platform, where it can be used to pay trading fees with a discount of up to 10%.
GT token holders can also participate in early token sales, the staking program, gain VIP privileges, etc. It also plays an important role in governance, where a token holder can vote on major decisions of the platform. These utilities give the token practical and participatory value within the ecosystem.
Pros and Cons of Gate.io Crypto Exchange
| Pros | Cons |
| It supports more than 2500 cryptocurrencies. | Some cryptocurrencies have lower liquidity which makes it less accessible. |
| The platform has a well-designed user interface and positive customer reviews. | Some features of the exchange, like copy trading, have bad reviews. |
| Lower trading fees and VIP Level Structure. | Lack of fee-free trading for large volume traders. |
| Accessible in more than 130 countries. | Not accessible in major countries like the US, China, India, etc. |
| Provides 24/7 customer support. | Some users have reported a delay in solving their queries. |
Final Thoughts
Gate.io is one of the best crypto exchanges that offer a range of features like spot trading, futures trading, token lending, NFT services, etc. However, it also has some drawbacks, like limited accessibility, customer support, etc. Overall, it is a reliable platform for global users who want multiple functions with early market opportunities.
