Broker Review Contents
Gate.io is a cryptocurrency exchange which was established in 2013. Traders can access a wide range of products in a variety of markets, including spot, derivatives and NFTs.
Browser based platform and mobile apps for iPhone, Android, and tablets are among the online trading platforms offered by Gate.io.
Gate.io is a spot and derivatives cryptocurrency exchange. Therefore, this means that Gate.io offer products suitable for both investors and speculators. If you trade the spot market you own the actual coins which you buy and sell. Derivative markets allow you to speculate and trade on the price of a coin without owning it.
A minimum deposit of 1 USD is required for a live account. On the other hand, Gate.io, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. They aren’t currently regulated. Gate.io was established in 2013 and their head office is in the United States. Before we get into the specifics of Gate.io’s spreads, fees, platforms, and trading tools, you might want to open the Gate.io website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Gate.io’s spreads & fees?
Gate.io, like most exchanges, charges a fee based on the transactions which occur on the exchange. These can depend on the coin which you trade, as some coins have higher trading and withdrawal fees.
Choosing at what time of the day and through which coins to transact can lower your fees.
Before you complete a trade on Gate.io’s platform, it will show you a breakdown of all the fees which you may incur. Checking these fees before completing the trade could save you money.
As Gate.io is an exchange the spreads very depending on trader activity. Any spreads displayed on our website are for information purposes only.
As you can see, Gate.io’s BTC/USDT spread was 0.01 USDT when we wrote this review. This is low when compared to the average BTC/USDT spread of 8.00.
What can you trade with Gate.io?
Over 1000 different coins are available to trade at Gate.io.
Below, we’ve summarized the offering of Gate.io’s several types of markets, as well as the markets offered by some of their competitors for comparison.
What’s the Gate.io trading experience like?
1) Platforms and apps
Gate.io offers a web-based platform which allows you to use it on any device which has a browser.
They offer Android and iOS mobile apps, thus making it easy to keep track of and execute trades while on the go.
2) Executing Trades
You can trade as little as 1USD with Gate.io. Depending on the cryptocurrency you trade, this may differ. Maximum trade size depends on the available liquidity on the exchange.
Margin requirements vary by account, and instrument, as they do with most exchanges.
They offer leverage as high as 10x for spot trading.
Stop losses, trailing stop losses, limit orders, price alerts, api trading and other features are available through Gate.io.
Here you can find a list of all of Gate.io’s account features.
We have included a list of some of the most common funding options that Gate.io provides to its traders.
- Bank Transfer
3) Client support
Gate.io offers support in languages like English, Chinese, Vietnamese, Russian, Spanish, German, French, Italian, Portuguese and more.
4) What you’ll need to open an account with Gate.io
Most crypto exchanges allow you to open an account without providing documents. This type of account will be severely limited in terms of maximum deposit and withdrawals.
In order to have higher deposit and withdrawal limits with Gate.io you need to pass verification by providing the following documents:
- a colour copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
They may also ask you to go through a verification of identity via your laptop or phone camera.
If you decide to trade using leverage, you’ll also need to answer a few questions regarding your trading experience.
You may be able to explore Gate.io’s platform right away, but as mentioned before until you pass verification, your deposits and withdrawals will be capped. Verification depending on the circumstances could take from a few hours up to a few days.