Pros, Cons, and Who Should Set up an Account

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fees

Maker fees -0.01- 0.2%; taker fees 0.025-0.2%

Investment Types

Cryptocurrencies, NFTs, and futures

fees

Maker fees -0.01- 0.2%; taker fees 0.025-0.2%

Investment Types

Cryptocurrencies, NFTs, and futures

pros

  • More than 1000 coins (access can vary by location)
  • NFT auction and creation platform that allows creators to mint NFTs without fees
  • Margin accounts and futures available
  • Crypto staking and lending options available

Cons

  • Fee schedule can be complicated
  • You’ll pay more for transactions if you’re not using the gatetoken (GT)

more information

  • Promotion: Sign up and get a $100 voucher

overall rating

Is Gate.io right for you?

Gate.io was founded in 2013, offering crypto trading and exchange services for traders around the world. Among its offerings are spot trading, leveraged trading, ETF services, futures, trading, staking, loans,


liquidity

mining, and more.

The crypto exchange also employs several blockchain solutions — including cross-cryptocurrency address technology, hot and cold wallet storage, multi-signature security protection technology, and real-time asset transfer technology — to keep its users’ assets and transactions safe.

Gate.io offers more than 1000 cryptocurrencies and offers support both for more than 224 countries and more than 80 million global users. The exchange’s mobile app is available on iOS and Android devices.

Not sure if Gate.io is right for you? Keep reading to see how it fares against similar investment platforms.

How does Gate.io compare?

Gate.io, Coinbase, and FTX.US all offer a vast collection of cryptocurrency products. But each platform differs when it comes to fees, features, and investment choices.

While Coinbase’s easy-to-follow fees, simple interface, and educational resources make it an ideal platform for both beginners and traders of all types, its lack of NFTs and margin accounts may make it less appealing for traders in looking to expand beyond simple crypto. trading.

FTX.US and Gate.io both offer cryptocurrencies and NFTs, but Gate.io has a much larger selection of cryptocurrencies.

Ways to invest with Gate.io

spot trading

Gate.io offers multiple ways to buy cryptocurrencies. You can buy crypto with credit cards or bank transfers, but you can also purchase more assets with crypto-to-crypto trading (this is also known as spot trading). In other words, you can sell one cryptocurrency to purchase another.

In addition, you can also use the exchange’s “push transactions” feature to transfer a crypto asset to another account, and Gate.io’s “flash swap” functionality lets you swap one currency with another in within minutes.

copy trading

If you’d rather rely on the expertise of other experienced traders, Gate.io’s copy trading feature allows you to mirror the strategies of successful traders. You can easily view other users’ performance to decide whether you’d like to copy their investment strategies, and Gate.io also offers daily copy-trading strategy recommendations. See more here.

NFT’s

If you’re looking to create or purchase NFTs, Gate.io’s Magic Box NFT platform could also be right for you. The platform allows for auctions and trading of NFTs in a vast range of areas, including art, games, music, and more.

Plus, creators can minimize gas frees by minting (this is the process for creating an NFT and adding it to the blockchain) for free. See more here.

Is Gate.io trustworthy?

Personal Finance Insider assesses trustworthiness by reviewing each investment platform’s Better Business Bureau profile. BBB ratings range from A+ to F and reflect the bureau’s opinion of how well a company interacts with its customers, but Gate.io doesn’t have a BBB profile at this time.

The platform was hacked in 2019, resulting in the theft of more than $200,000 worth of ethereum. But Gate.io works to keep its services and transactions secure.

However, it’s still crucial that you do your due diligence regardless of whether a company has a BBB profile. The BBB’s ratings don’t guarantee performance or reliability, so you’ll want to additionally do your own homework before making a final decision on an investment platform.

Gate.io — Frequently asked questions (FAQ)

Can US citizens use Gate.io?

And it is. Gate.io’s services and products are available to US residents in all 49 states, excluding Washington and New York.

Is Gate.io a US company?

Headquartered in Georgetown, Grand Cayman, Gate.io serves both individual and institutional crypto traders in both the US and across the globe. The exchange currently supports more than 80 million users, and its services are available in more than 224 countries.

How do you withdraw money from Gate.io?

If you’re using the Gate.io mobile app, you can withdraw funds by going to “wallet” and clicking “withdraw.” You can also click on “spot account” and withdraw your desired cryptocurrency.