What is Gate.io?
Gate.io is a Chinese cryptocurrency exchange that launched in 2017. It is available in both English and Chinese, which is helpful for Chinese investors. Gate offers a wide selection of trading pairs, with most of the new altcoins available here. The trading volume on Gate can reach up to USD 100 million daily. The top 10 trading pairs on Gate usually include Tether (USDT) as one part of the pair; so, to summarize the foregoing: Gate has a vast number of trading pairs and extraordinary liquidity.
Gate.io has also spent a lot of time adjusting its exchange interface to be more user-friendly on mobile devices. The Gate.io app has gained a lot of popularity among traders as well.
Gate.io offers leveraged trading on its trading platform, which means that you can receive a higher exposure towards a certain cryptocurrency’s price increase or decrease. Leveraged trading is essentially borrowing from the exchange to bet more than your original stake, which in simple terms essentially means that you are betting against yourself.
The exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you do not have any cryptocurrencies but want to start trading here, you will first have to purchase them on another exchange and then deposit them here as a second step.
This exchange offers cold storage and hot wallet options for storing funds. It allows customers to set up 2FA (two-factor authentication) and can send SMS-notifications upon certain events.