What Is Gate.io?
Gate.io is a centralized cryptocurrency exchange that provides an extensive array of cryptocurrencies and tokens for trading. With support for over 1400 cryptocurrencies and more than 2500 trading pairs, the platform boasts a prominent position in terms of trading volume, facilitating more than $12 billion in daily trading. Gate.io offers a range of trading options, including spot and margin trading, and has further expanded its services to encompass options, futures, and derivatives for investors.
Established in 2013, the platform prides itself on being a "steady and reliable" choice. It offers a user-friendly interface, round-the-clock customer support, and a robust mobile application. However, it's worth noting that the exchange operates with relatively low regulatory oversight and does not facilitate fiat withdrawals. Users are required to complete a mandatory KYC (Know Your Customer) process to withdraw funds or deposit cryptocurrencies.
Who Are the Gate.io Founders?
Gate.io was founded in 2013 in China by Lin Han, who currently serves as the CEO. Lin Han holds a Bachelor of Engineering degree in Computer Software Engineering and a Master's degree in Mathematics and Computer Science. His vision was to establish a secure trading platform accessible to everyone who believes in Bitcoin.
When Did Gate.io Launch?
Originally known as Bter or Bter.com, the platform was launched in 2013. In the fall of 2017, Gate Technology Inc. acquired the exchange and rebranded it as Gate.io.
Where Is Gate.io Located?
Gate.io is considered one of the earliest crypto-to-crypto exchanges from China. The company is headquartered in the Cayman Islands.
Gate.io Restricted Countries
The platform is accessible to users from most countries, with a few exceptions, including Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea. Certain services are not available to residents of specific U.S. states (Washington, New York) and Canada.
What Coins Are Supported on Gate.io?
Gate.io lists a wide range of leading cryptocurrencies, including the top 20 cryptocurrencies by market capitalization, providing users with a comprehensive selection.
How Much Are Gate.io Fees?
Gate.io offers competitive fee structures. Deposit fees are typically not applicable, and withdrawal fees vary depending on the specific cryptocurrency. Spot and futures trading fees are determined by a tiered VIP level system, based on a user's 30-day trading volume, ranging from VIP 0 to VIP 16. Fee rates follow a maker-taker model.
Is It Possible To Use Leverage or Margin Trading on Gate.io?
Gate.io extends margin trading to its clients with leverage of up to 10X. The volume of the margin loan is contingent on the chosen leverage ratio, which ranges from 3X to 10X and varies according to the market.