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Turkmenistan
2 Level
64 Review
317 Karma

Review on Gate.io by Saparov Meylis

Revainrating 3 out of 5

Despite its youth, Gate.io is a good trading platform.

Gate.io is a cryptocurrency exchange that appeared on the market after the cryptocurrency began to rise sharply in price in 2017. There is no exact information about who is behind this project, but it is known that the domain is registered in Arizona, USA, owned by Gate Technology Inc, registered in Virginia.



The situation with the real owners and developers of the trading platform is clarified by the fact that earlier on the Bter crypto exchange before its closure, all clients were advised to transfer funds to Gate.io. So, in essence, Gate.io is the reincarnation of Bter under a new name. Developers had to take this step due to China's announced tightening of the rules for working in the cryptosphere last year.

The site is available in English, Japanese and Chinese, translation into Russian is not yet planned. On the main page of the useful, we note the section with the announcement of new events. It publishes data on coins that have been added or will soon become available in the trading terminal. It also publishes data on ICO, AirDrops. In terms of trade turnover, the site ranks 35th with a daily turnover of slightly less than $ 35 million. Several dozen coins are supported.



Features of the crypto exchange.



Let's briefly list the conditions for working at Gate.io:



* more than 100 cryptocurrency pairs are supported on the exchange

new altcoins are added frequently, so keep an eye out

section with news;

* trading commission is 0.2% for all crypto transactions;

fiat currency is not supported;

* commission for withdrawal is fixed and depends on the specific

crypts, the exchange will not take money from you when replenishing your account. You can replenish your account and withdraw funds in any crypt from among those supported by the exchange. Some of the coins are sometimes unavailable, but usually problems with depositing funds are resolved in it quickly;

special attention is paid to safety. To increase account security, you can activate two-factor authorization, set an anti-phishing code (all emails from the trading platform will be marked with this code);

there is a form for verification, but you can work without going through it. Note the high limits on withdrawals, for example, according to BTC, it is allowed to withdraw up to 100 BTC per day, for most traders this is enough. As for verification, the site writes that in most cases it is completed in 24 hours and allows the client to increase the withdrawal limits;

there is an opportunity to get a discount on the trade commission in the amount of up to 50%. The trading platform has a system for ranking accounts depending on the traded volume. To receive a 50% discount, you need to reach a volume of more than 5000 BTC within 30 calendar days;





there are applications for mobile devices;

using the Listing link, cryptocurrency developers can write to the administration and submit a request to add their coin to the exchange.

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Боковые панели

Pros
  • High limits on crypto withdrawal and no requirement for mandatory verification. From this point of view, Gate.io has few competitors. If we add to this the ability to work with a variety of cryptocurrencies (including new coins), we get a trading platform suitable for both beginners and experienced traders.
Cons
  • Among the shortcomings, one can note the trading commission, now you can choose an option with a commission of 0.1%, here the fee from the trading platform is twice as much. But it cannot be called critical, especially since the exchange offers a discount if you are actively trading.

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