Gate.io provides 180 different cryptocurrencies, as well as around 400 cryptocurrency markets.
The coin rankings on Gate.io are determined by default, symbol, and market capitalization. Bitcoin, Ripple, Ethereum, Stellar, Tether, BinanceCoin, and other popular coins are among the most common; lesser-known coins include Atonomi, Traxia, Endor, Lino. For sure, Gate.io offers a wide variety of coins to choose from and trade.
It's simple to join. However, being a human instead of a machine necessitates an unexpected verification procedure. You may use the exchange's main features once you've clicked the link sent to your email. There are several tabs to discover, as well as some current competitions.
There are a lot of cryptocurrencies to choose from. There are approximately 180 distinct coins and almost 400 distinct cryptocurrency markets to pick and trade or invest in. Using margin trade with up to 10 times leverage, trading is accessible.
Nonetheless, there is also margin lending and borrowing resources for traders and investors to join in on period investment programs like the Perpetual Contract, which is extremely leveraged and comes with a warning about the associated dangers. There is a crypto collateral loan also available.
Gate.io does not take fiat currency deposits. The traders must send their cryptocurrencies to the exchange in order to trade any cryptocurrency. This might be a barrier for those who are new to trading. In general, deposits are free, although there is a withdrawal fee for each currency. It's vital to remember that there are daily withdrawal restrictions.
Gate.io provides free bitcoin wallets to all account holders on the platform. To deposit, go to the Wallet section and pick from among the numerous bitcoin wallets available.
In the case of deposits and withdrawals, traders must pay close attention to the sending address because it will not be the same as the deposit address. If a transaction is made using any non-supported digital currency, the funds will be lost due to gate.io's inability to provide a refund.
So, it is critical to double-check these deposit and withdrawal safety procedures for both. The time it takes to process both deposits and withdrawals is brief, but delays in the length can sometimes be caused by the speed of the blockchain.
There is a comprehensive page dedicated to the gate.io API on our website. Various facets of the rest API, trading pairs API, market information API, and tickers API are covered in detail. The minimum purchase amount for all trade pairs is $1 USD in value. If you have any queries regarding a specific amount for a certain pair, you may use the Market Info API to check it.
It's simple to register, but a trader must create two separate passwords. One password for logging in and one fund gate.io password for trading any cryptocurrency as well as withdrawing assets.
The ability to alter the background color of the main page by clicking the moon or sun buttons, which are next to the Mobile APP tab, is one of many recent and innovative functions. The three colors for night mode are green, blue, and gray. Blue is the most soothing color to use. There are three choices for daytime: green, blue, and purple.
The KYC verification (know your customer) procedure is as anticipated on Gate.io, which has a rigorous analytical process for KYC verification (know your customer). We are confident that the Gate.io exchange is not a fraud since we witnessed it with our own eyes.
What is the process for obtaining a Gate.io account? Each new client on the Gate.io exchange must submit either a national identification, passport, or driver's license as part of the KYC process. There is, however, a more stringent KYC verification process. The new customer must take a photo of himself or herself holding the specified form of identification and write down the gate account ID during Gate.io verification.
It appears odd at first, but it provides more protection and should not be overly time-consuming or complicated. You will not be able to use the exchange if you do not validate your information. There is a notice informing you that identity verification is required that keeps popping up on the screen.
The main page contains a Help tab for customer support, as well as additional options such as notifications, support center, ticket system, security center, feedback, downloads, and voting activities. The Gate.io customer support center has a lot of material and a thorough user guide. You may submit an issue ticket, which the exchange encourages users to provide feedback on.
The major concern of everyday customers is that the exchange will not accept new American users in the near future, and it is unclear if this will ever change. The SEC's strict rules and guidelines were a major consideration. Customers searching for "gate.io" in the United States are more likely to use the keywords: "locker," "password reset," and so on.
In general, the exchange is secure. Gate.io also includes two-step verification and SMS alerts, as well as KYC verifications as expected. The process of using two-factor authentication involves a login password and a fund password for trading and withdrawing assets. Still, there is a story about the exchange being hacked back in January 2019.
On Twitter, the gate.io account claimed that the hacker returned a large sum of money, $100k worth of ETC to the exchange, and that since then a stricter security and protection has been in place.
The features offered by Gate.io are extremely appealing and it is well worth considering if you are a cryptocurrency trader. There is a large number of cryptocurrencies to choose from, as well as the ability to use margin trading, which should be treated with caution and care since it is dangerous.
Overall, the site is functional, but there are many tabs and visitors may become confused at first until they get used to the main tabs and most common activities such as deposit, withdrawal, or trading. One of the most appealing aspects of the exchange is the fact that it offers coins that aren't available on other comparable platforms, especially those with poor liquidity. This, on the other hand, may be risky for conservative traders since low liquidity might render it difficult to trade frequently, and there could be significant spreads.
Furthermore, the marketing team made an effort to set apart the site by providing the option of selecting three options in the night and day modes, which is a useful feature to play with.