Contents
This varies from coin to coin but is generally high enough to not affect most traders. However, the withdrawal requirements for individual transactions are lower than the daily limit. Traders have the option of meeting a VIP tier’s requirements by purely holding GT tokens or meeting trading volume levels and having a smaller amount of GT tokens in their wallets. VIP tier 1 requires a 30-day volume equivalent to 1.5 BTC or more and owning 20 GT tokens.
- Traders can login with their username and password and monitor or make trades anywhere there is an internet connection.
- It is also worth noting that withdrawal without KYC verification is limited and in some cases prevented entirely.
- A substantial selection of speculatory instruments is also listed on the platform, such as leveraged tokens, options contracts and crypto futures.
- OKX – OKX is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
However, a ban on fiat-to-crypto trading by the Chinese government in 2017 forced holistic changes for the origin service. The owner took this opportunity to rebrand the company to Gate.io and launch an international platform that accepts UK and US customers. The crypto services provider has since gone from strength to strength, surpassing 10 million global users in early 2022. Our currency converter will help you determine the value of all global currencies against each other. Keep reading to learn how the Invezz currency converter works, and how it can help you make informed decisions when trading currency.
Transaction Fees
The Gate.io mobile app aims to provide much of the functionality of the desktop platform with the added utility of being available wherever you are. Traders can login with their username and password and monitor or make trades anywhere there is an internet connection. For experienced programmers that wish to develop their trading bots outside of the platform, Gate.io provides API documentation and WebSocket integration to facilitate the implementation of third party software.
The daily withdrawal limit for Bitcoin is 100 BTC, while Ethereum stands at 3,000 ETH. The Gate.io platform runs around the clock to facilitate continuous trading on the perpetual crypto markets. Several technical charting tools are also available, such as moving averages and awesome oscillator indicators. Up to four charts can be displayed simultaneously for real-time tracking of several tokens. A dedicated NFT auction platform is hosted by Gate.io, featuring popular collections and live auctions. To encourage creators to use its service, the platform offers the chance to mint your first NFT with no listing fee.
In exchange for lending network tokens to emerging cryptos, traders are compensated with regular airdrops of the new token over the staking period. Gate.io is not merely a crypto and derivatives broker but a firm that offers financial services far beyond the scope of many other exchanges. In addition to fiat currency purchases, the flash swap facility provides OTC support for token-to-token exchanges.
While the coin list is comprehensive, some traders may be disappointed that the platform does not offer any bundled ETF packages. You should use the currency converter if you’re planning to buy, sell, or transfer ass crypto chart any kind of currency. Whether going on holiday and working out exchange rates or trading forex, this calculator can help. Gate.io is a crypto exchange offering a variety of derivatives on a proprietary platform.
Over-The-Counter Trading
A helpful and responsive customer service team is the hallmark of any top exchange. Gate.io customer service is available 24/7 and is experienced in dealing with platform issues. Crypto deposit times can range from instant to a few hours, depending on the crypto network. It is also worth noting that withdrawal without KYC verification is limited and in some cases prevented entirely.
The Gate.io trading platform is available through a web browser, as a standalone desktop app to download for PC and Mac and as a mobile application for both iOS and Android devices. Traders must pass verification to take part in Startup by providing full know-your-customer documentation. Additionally, this facility has significant country restrictions, with clients from many major jurisdictions, including the USA, China, Malaysia and Canada, excluded. The calculator will automatically tell you how much a certain amount of currency is worth in your desired currency. The app is available to download directly from the website in APK format or can be obtained from the Google Play or Apple App stores. App reviews are mostly positive, though some iOS users complain of freezes and withdrawal problems.
KuCoin – Kucoin is a global crypto exchange offering spot and margin trading alongside lending services and trading bots. While some brokers allow users to demo trade before they open a full account, Gate.io requires traders to sign up and complete identity verification before accessing the demo trading facility. While Gate.io does not offer fiat currency deposits, the platform’s over-the-counter transaction service provides a way to use traditional currencies to buy crypto. While OTC trading has the advantage of filling transaction requests instantly, users are purchasing crypto directly from the broker, often at a bumped-up rate compared to market prices. More than 60 tokens can be bought and sold using OTC trading in a range of currencies, including USD, GBP and EUR. When looking at a crypto platform like Gate.io, many traders will want to know “is it safe” before creating an account and sending in KYC-required identity verification documents.
Gate.io does not charge deposit fees on any coins, though there may be separate network costs. Withdrawal fees are based on a flat rate that is specific to each token, though in some cases a percentage fee also applies. Gate.io also allows users to pool their funds into large scale crypto mining operations. This lets you access returns from Bitcoin mining without the significant initial investment required to mine independently. Separate mining contracts are provided with different durations, hash rates, expected annual rates of return and contract prices.
Currency converter
Traders can choose between flexible and locked staking, with the former leaving them free to release their funds at any time while the latter prevents withdrawal during the staking period. Moreover, Gate.io offers weekly, bi-weekly and quarterly delivery contracts, in which underlying tokens are delivered upon expiry of the contract. All contents on this site is for informational purposes only and does not constitute financial advice.
In terms of account security measures, the company requires users to set up a separate fund password to provide extra safety when managing funds or making trades. Additionally, users can protect their accounts further by using a time-based one-time password from Google Authenticator for two-factor authentication . Trading data is secured with high-level encryption while the platform’s functionality is protected by anti-DDOS measures. Gate.io takes up to 18% of interest profits but fees scale depending on the account tier, referred to by the broker as VIP levels.
While there is nothing to suggest that this broker is not entirely legit, some traders will be wary of financial services providers that operate without regulation. That being said, many DeFi companies intentionally remain operate without regulation to protect anonymity and reduce external control. The stringent KYC checks that the exchange runs is a good sign that it operates with the best interests of its clients in mind.
Crypto Calculator
In addition to the most popular tokens, such as BTC, ETH and XRP, an abundance of altcoins and network tokens are offered. These include anything from the 2021 breakout token Safemoon to Flow Wallet and Paid Network, from AAVE, ACA and ADA to XCH, XLM and XPRT. Chances are that if a coin is listed on any exchange, it will have a Gate.io listing. The Gate.io platform was first launched in China in 2013 under the name Bter.com by founder Lin Han.
Opening futures and options contracts can be daunting for beginner and intermediate traders. Even with ample education and tutorials, the best way to learn how to trade is through experience. Gate.io also dabbles in options trading, offering monthly calls and puts on crypto spot prices.
Whether you are trading on the spot market, holding leveraged tokens or trading futures contracts, it is crucial to understand the Gate.io trading fees and how they apply to you. The Gate.io platform supports margin lending and borrowing on hundreds of its tokens to enable traders to deal in the spot and futures markets with additional leverage. Clients can take both https://cryptolisting.org/ sides to margin transactions, lending out their wallet holdings in exchange for interest or borrowing from other traders at a fixed interest rate. VIP levels entitle clients to lower exchange fees and greater profits for margin lending. Levels are allocated based on 30-day trading volume, GT token ownership and the value of an account’s total wallet holdings.
Crypto enthusiasts in the UK & USA will be happy to know that Gate.io accepts traders from America and the United Kingdom. However, US residents are excluded from startup crowdfunding, along with those from Canada and several other jurisdictions. According to the platform, identity verification time can be between a few hours and 24 hours in most cases. Gate.io news is regularly posted on the site, as well as on the exchange Twitter account and Telegram community. Look out for major news like the announcement of the upcoming addition of Binance Smart Chain contracts.
The platform introduces traders to staking through its USD Test promotional coin, which can be redeemed for free upon opening a new account. This coin can be staked for seven days, earning traders staking profits of 5% APY before the token expires as worthless. The calculator takes the latest information from currency markets to determine exactly how much each different currency is worth against others when making currency exchanges. OKX – OKX is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Great for newcomer and veteran crypto speculators alike, the exchange offers thousands of tokens and a wide range of advanced features. This 2022 Gate.io review will explore all the essential aspects of its offering, including fees, KYC verification protocols and limits, supported assets, platform security and payment methods. Due to the perpetual trading and highly volatile nature of the crypto markets, many advanced traders choose to utilise algorithmic strategies to maximise profits.