Bottom Line: Gate.io is best for individuals and institutions in search of spot trading, NFT trading, crypto lending products, and interest-earning features. The exchange also offers more than 1,000 coins and supports more than 224 countries.
Gate.io
Account Minimum
$10
Fees
Maker fees -0.01- 0.2%; taker fees 0.025-0.2%
Investment Types
Cryptocurrencies, NFTs, and futures
/5
A five pointed star
A five pointed star
A five pointed star
A five pointed star
A five pointed star
Editor’s Rating
Open account
Gate.io
/5
A five pointed star
A five pointed star
A five pointed star
A five pointed star
A five pointed star
Editor’s Rating
Open account
Account Minimum
$10
Fees
Maker fees -0.01- 0.2%; taker fees 0.025-0.2%
Investment Types
Cryptocurrencies, NFTs, and futures
Pros & Cons
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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)
Details
Chevron icon
It indicates an expandable section or menu, or sometimes previous / next navigation options.
More Information
- Promotion: Sign up and get a $100 voucher
Overall rating
FeatureInsider rating (out of 5)Fees4.50Investment selection5.00Access3.50Ethics5.00Customer service3.75Overall score4.35
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.
Gate.io prosGate.io cons
-
More than 1,000 coins (access can vary by location)
-
NFT auction and creation platform allows creators to mint NFTs without fees
-
Margin accounts and futures available
-
Crypto staking and lending options available
- Fee schedule can be complicated
- You’ll pay more for transactions if you’re not using the gatetoken (GT)
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
FTX.US
Min. Investment
$1
Min. Investment
$2
Min. Investment
$0
Fees
Maker fees -0.01- 0.2%; taker fees 0.025-0.2%
Fees
0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.50% for Coinbase Pro
Fees
Crypto transactions: 0.00-0.10% maker fees, 0.05-0.40% taker fees; NFTs: $1 to mint/create, 2% to buy or sell
Investment choices
Cryptocurrencies, NFTs, futures
Investment choices
Cryptocurrencies
Investment choices
Cryptocurrencies, NFTs, derivatives
Open accountOpen accountOpen an account
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.
NFTs
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 U.S. citizens use Gate.io?
Yes. 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.
Related terms
- Cryptocurrency: Powered by blockchain technology, these digital assets allow for decentralized transactions between two parties. There are thousands of cryptocurrencies available for exchange.
- NFT: These unique tokens constitute as ownership of real-world items like art, videos, real estate, and other goods. The phrase “non-fungible” is associated with these tokens since they represent interchangeable data.
- Token: These currencies are created through existing blockchains, meaning they’re built on top of previously established databases.
- Staking: With this option, you can earn interest rewards for holding a certain amount of crypto assets for a set period of time.
Rickie Houston is a wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products. He is also a Certified Educator in Personal Finance (CEPF).
Previously, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. He’s contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News.
He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.
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