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Sakete, Benin Republic
4 Level
207 Review
581 Karma

Review on Gate.io by Temitope Babatunde

Revainrating 3 out of 5

You May Need To Weigh It Very Well Before Using This Exchange

Gate io exchange was launched in the latter part of 2017. But the history shows that this exchange has been in existence since 2013 but with different name(Bter com), then it was in China but because of ill treatment of China against cryptos the exchange has to move out.

It must be noted that during its old days the exchange has been hacked but the same has never happened since it was rebranded. No much information about those behind the exchange is available on the internet nor did the users fund are insured, even the exchange is not in anyway regulated.

Despite this, the exchange is doing extremely well in the area of providing security for its users and their fund. There is 2Factors authentication, sms 2Factors authentication, login verification, additional password when withdrawing, anti pushing code etc.

No deposit fee and the transaction fee is 0.2 percent for both takers and makers. There are various ways of obtaining discounts for the transaction fees which are explicitly explained on the website. The withdrawal fees depend on the type of coin one is withdrawing. The exchange may not be good for those without experience as the layer out of the website may be difficult to understand at times.

The website has many languages. The customer support is not bad as there are various ways by which you can contact them.

At any rate it will be at users advantage to consider very well those areas of red flag before using the exchange.



Pros
  • It recieved very good score from CER the body that is overseen cybersecurity.
  • It is an excellent IEO platform.
  • High liquidity as there are numbers of cryptocurrencies listed on the platform for trading.
  • Various method of getting discount on one's transaction fees.
  • There are various forms of trading that a user can choose from.
Cons
  • No deposit of fiat currencies.
  • No adequate information about the team behind the exchange.

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