Gate.io Review - Stock exchange where you can find the latest projects

Gate.io, crypto-to-crypto, without KYC and including flipping through brand new coins? This is the Gate.io exchange, one of the oldest exchanges ever, where you will not find a fiat. Today's Gate.io reviews will give you a comprehensive view of the entire stock exchange, including how to choose from Gate.io and what they are Gate.io fees. Here we go!

1. Key information

2. How Gate.io works

The Gate.io exchange is a very complex trading platform and abounds in cryptocurrency derivatives that we would not recommend to a complete beginner. In addition to classic features, it can leverage tokens, order crypt lending, automatic trading strategies, and even yield farming.

The interface of the spot is nothing special, but again - a complete beginner can't do it. The graph is full of a huge number of functions and indicators. I appreciate the simple and fast display market depth.

VIP levels

The GT native token provides various benefits and lower loan fees.

3. How to register

Click on "Sign Up" and fill out the classic registration form. You can also open a company account, but then you must provide all documents about the company.

4. How to invest funds

1. Go to Wallet and find the coin you want to insert (there are hundreds of them)
2. Click on "Deposit". You will see a deposit page with the address where you want to send the funds and other fields such as memo / tag
3. Transfer funds to

How to choose from Gate.io? Exactly the opposite way.

5. Gate.io charges

Exchange fees are based on the possession of the GT token and the traded volume.

Picture of loan discounts by GT holding

Gate.io withdrawal fees are not completely low, however the good news is that they are not paid as a percentage.

6. Products

Now let's get to the core of Gate.io reviews and go through all the products of the stock exchange.

Spot trading

In addition to traditional spot trading, the Exchange offers a huge number of even the smallest and newest tokens. It is no coincidence that she earned the nickname "Binance killer".

CBBC (Callable Bull / Bear Contract)

CBBC or “reversible bull / bear contracts” is a special financial derivative that is either executed on the expiry date or is executed earlier if the price exceeds a certain threshold (strike price). Video here.

Perpetual contracts

Perpetual contracts are financial derivatives, which means multi-layered trading in the underlying asset. Unlike options, these contracts do not have a fixed expiration date, so you can keep the option to buy / sell "perpetually".

ETF

Gate.io offers dozens of different crypto-ETFs, which in this case are essentially leveraged tokens that do not require collateral. Gate.io is provided by the exchange FTX.

Gate.io HODL & Earn

It is something like a cryptocurrency online investment center offering a whole range of opportunities and financial products such as term deposits or control deposits (so-called PoS mining). The only catch of these products is the fact that their capacities are filled extremely quickly.

Wallet S1

In 2020, the company issued its own cryptocurrency wallet, but it is intended only for the Chinese market. It has a built-in display and a fingerprint reader.

Startup (2.0)

IEO (initial Exchange Offering) is similar to a more secure ICO, which raises funds for tokens through an exchange that risks its reputation. Instead of direct contact with startupists, the contract with the investor is secured by a third party - the stock exchange.

In 2020, Gate.io helped projects such as WooTrade, CoralSwap, Juggernaut, KardiChain and Meter in this way (the last two received 46 million UDs). Startup is considered to be the most profitable IEO platform of 2019.

Periodic Investment Plan

Periodic Investment Plan is a feature that allows regular purchases of the crypt in proportion to the preset portfolio (USDT-cost averaging, price averaging), for any period. The machine sets the limit order immediate-or-cancel to 99 % prices of the last trade. If part of the portfolio remains unpaid due to this condition, the machine will repeat the order again after a minute. Everything is free of charge and the portfolio can be freely customized.

ETH2 staking solution

Staking solution is a user-friendly way to manage participation in Etherea 2.0 staking. It takes place in a simple form - tokenization of the deposit. You will receive a certificate that you have provided the Company with an Ether to lock in smart contract that performs staking with up to 32 Ethers. So, it means nothing more than flipping through a new coin - ETH2. However, the company she described very well Ethereum 2.0. Like Binance the conditions for such staking are not entirely clearbecause both lock time and yield can vary depending on many factors.

GateChain

Gate.io review would not be complete without GateChain. GateChain will be a public PoS blockchain. Currently (2021) has 115 nodes. Its tokens are "GT", but it is still an ERC-20 ICO token running on Ethereo, although towards the mainnet it was a lot of work has been done and great progress has been made.

GT's total offer is 1 billion units, 300 million are already fully distributed among users and the rest will continue to be a source of funding for another 8 years.

GateChain solves 2 controversial issues of public blockchains - recovery of stolen resources and lost private keys using a customizable recovery delay.

Although smart contracts are not yet running on GateChain, they are already running on Meteora's public testnet. GateChain smart contracts should be compatible with EVM (Ethereum Virtual Machine) and Ethereum smart contracts, which is quite interesting, because they can be modified, for example, in Solidity.

Gate.io Point

Point is an element of the internal ecosystem of the stock exchange that reduces fees. 1 point = reduction by one dollar (USDT) from the business fee. It is not transferable. Because Point costs around $ 0.3, it significantly helps reduce spot fees, margin trading and perpetual contract trading. The discount is shown in the table below - for example, you get 120 Points a discount of USD 120 on fees of USD 200, ie. discount 40 % etc. When using them, the discount is not combined with the VIP level. New from September 2020, they are valid for 3 years from purchase.

You can get points with one-time tasks (subscription on social networks, first deposit, first margin trade, etc.) or by following the VIP rankings - the higher your 30-day trading volume, the higher your level.

In addition to Points, you can also get the so-called USDTest, which is a special coin designed for USDT activities (and cannot be selected directly).

Time-limited activities

Needless to say, the Gate.io stock exchange is full of various rewards and discounts. Just look at their abundant portfolio of limited events.

The category of events and giveaways, mostly associated with listing a new token, is very diverse. The Gate.io exchange is known for listing even the smallest and least known altcoins (a bit like Binance at the beginning of its era), very regularly.

Activities usually include:

• Listing Votes - The new altcoin lists only with sufficient voting support; you vote using GT tokens (1 token = 1 vote) and a 14-day average of the amount held is calculated (including funds in the Lending / Borrowing Market and GT purchased on margin for USDT); only users with a verified identity; the project with 10 million votes wins and is listed; After finishing you are qualified to buy a coin for a certain price first / get a proportional amount of airdrop

• Trading Competitions - competitions consisting of several activities (mostly competing for the largest trading volumes in the period under review, for the first deposit, Twitter Giveaways, etc.); the traded volume favors earlier participation in the competition

Liquidity Mining Service

A microplatform for centralized liquidity extraction by providing a cryptocurrency exchange pair. Unlike others, it clearly shows the so-called volatile loss.

Crypto Loan

Crypto Loan works within its own spot - other users place loan offers in the orderbook. The loan period is set to 10 days by default, but pay attention to the interest that is listed daily.

If you check the appropriate box in the order settings, you will allow the borrower to automatically extend the loan by 10 days whenever he does not have time to repay it.

Margin Lending

The microplatform for lending capital for marginal trades also works on the principle of user-user, from which interest the Exchange Gate.io will take 18 %.

What is the maximum amount I can borrow?

Quantitative Trading Strategies

Quantitative Trading Strategies is a tool for the application of trading strategies based on various indicators.

Dual Currency Product

The last special derivative from the company's portfolio allows you to deposit in one currency and withdraw in another, if it pays off. It combines an option (possibility (not an obligation) to sell / buy until the expiration date a certain amount of cryptocurrency at a certain exchange rate) with a deposit product. Here is a nice illustration.

Mobile applications and desktop applications

The application does not have good feedback in reviews, but everything is fine with the desktop application (including Linux support).

7. Transfer limits

• Selection limit without KYC: 100 BTC / 24h
• According to VIP level 20-100 sub-accounts within which the portfolio can be managed (you can create them by going to Account Settings> Security Settings> Sub-Account management)

8. Credibility of the company and security

In 2019, the Gate.io stock exchange faced a data leak, but all funds were (unknown) how to return. Its predecessor Bter.com has 7000 BTC total losses (from cold wallets).

The company provides a guarantee of 100% reserves (own certificate for reserves and underwent an audit from the accounting firm Armanino LLP). Security mechanisms are provided by the company Hacken.

Despite the fact that it is an unregulated company, at least it is not based in a tax haven and has been with us since 2013.

9. Customer support

Gate.io's support review is her Achilles heel. According to numerous opinions on Medium, Reddit, etc., it is unfortunately very bad and slow.

10. Tips and tricks

Take the time to get to know each product separately. Trade small amounts first. Don't lock any coins you don't understand. Use Points.

11. FAQ

What is a Push Transaction?

Type of direct transaction between users. You can access it under the account tab. Both parties have the option not to accept such a transaction.

Does the platform have affiliate programs or referrals?

Yes. If a new user registers via your link, he has 10 % cheaper fees per year and you have 30 % from them.

Does the stock exchange allow even more complex types of orders?

Yes. Cyclic, time-related and trailing reversal. Gate.io reviews do not give room for their detailed explanation.

12. Conclusion

The font style on the site and sometimes inside the interface looks like a poorly optimized font from 2010, but behind it lies one of the most sophisticated trading platforms I've ever seen. If you liked Gate.io reviews or have questions, write to us in the comments.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.