Gate.io

reviewURL: gate.io

Gate.io is a new cryptocurrency trading site that aims to offer its members an alternative to the exchanges currently dominating the market. The site has been in operation since 2017 and aims to capture a portion of the cryptocurrency trading market by offering its users hassle free access to a number of hard to find coins and up and coming projects. The site is also designed to help investors find specific information related to both their preferred coins and overall market trends.

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Score
7.1
Gate.io
Gate.io
Gate.io
Score - 7.1Score7.1
Score Android - Score Android
Score iPhone - Score iPhone
Location - Location
Currencies - BTC, ETH, EOS, BTM, ONTCurrenciesBTC, ETH, EOS, BTM, ONT
Languages - ENLanguagesEN
Buy with - BTCBuy withBTC
Fees - 0.2%Fees0.2%
Altcoins - YesAltcoinsYes
Margin trading - NoMargin tradingNo (Exchange does not support margin trading)
Trust score - CTrust scoreC
Beginner friendly - NoBeginner friendlyNo (Exchange is complex and difficult for beginners)
Stability - 3. MuchStability3. Much (Exchange is stable, but it has a downtime in the high stakes)
Fiat - NoFiatNo (The Exchange does not support Fiat currency like USD, EUR, etc ...)
Support speed
SafetyB
API - YesAPIYes (API is available for public to use)
Rest API - YesRest APIYes (The Exchange has Rest API support)
Websocket - NoWebsocketNo (The Exchange does not have Websocket)
Mobile app - YesMobile appYes (Exchange has a mobile app)
Credit card - NoCredit cardNo (Exchange does not support credit cards)
Referral - NoReferralNo (Exchange does not offer an affiliate program)
Two factor authentification - YesTwo factor authentificationYes (The Exchange supports two factor authentication)
Withdrawal limit
Verification time
Lending - NoLendingNo (Exchange does not support lending)
Stop limit - NoStop limitNo (Exchange does not support stop limit)
US licence - NoUS licenceNo (Exchange don't have US licence for Money transmitter)
PGP support - NoPGP supportNo (Exchange does not have PGP encryption)

Gate.io is a cryptocurrency exchange platform that started in 2017; the site is available in both English and Chinese and provides access to a wide range of cryptocurrencies. There is currently little information available on the company or team behind the exchange and despite being new to the industry, the exchange has grown steadily and accounts for a significant amount of daily cryptocurrency trading.

The platform operates as a crypto to crypto exchange and supports BTC, ETH, USDT and QTUM trading pairs. Gate.io currently experiences approximately $40m worth of daily trading activity with the majority of trading taking place in the form of BTC, ETH, EOS, BTM, ONT, and USDT pairings.

Manuals for Gate.io

Security rating of Gate.io

The exchange utilizes both cold storage and a hot wallet in order to store funds and has not yet currently been hacked. Gate.io also offers two-factor authentication, SMS notifications and KYC verifications.

Client accounts are secured by using two factor authentication and a combination of a ” login password” which allows users to log into their Gate.io account, and a “fund password” which provides access to trading and asset withdrawals. When signing up to the exchange users are advised to:

  • Set strong login password and fund password.
  • Check the Bind IP box for login.
  • Enable two-factor authentication for your account.
  • Secure the email tied to your Gate.io account with a strong password and two-factor authentication.

Gate.io also utilizes a tiered verification system for higher deposit accounts. For any withdrawals stuck in verifying status, it is necessary to go through the KYC2 stage.

To perform the KYC verification you can access your account, then click Wallet> KYC to upload your photo card and required information.

After finishing KYC1, you can continue to go through KYC2, and after finishing the KYC2 verification, your withdrawal will be processed immediately.

Review of Gate.io

Gate.io is a young crypto-exchange that appears to be operating out of the USThe platform offers trading in more than 20 digital currencies with rather competitive fees and mobile app is also available. However, it may not be convenient for all investors, as it supports only blockchain transfers in the cryptocurrencies that are being traded at the exchange.

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