20 Jul 2018 Kristina Pavlova
Spotlight: Gate.io Exchange
The exchange’s website is available both in English and Chinese, to attract investors from the big crypto markets. The daily trading volume is $40 million, and the marketplace supports 200 cryptocurrencies.
The account verification process is simple and user-friendly. It requires a valid e-mail address, a username, and passwords for deposits and withdrawals. A two-factor authentication completes the procedure.
The platform offers crypto-to–crypto trading pairs with information about the current global financial market, trading history, and present buy-sell prices.
The strategy of Gate.io to attract customers and breakthrough is by offering easy access to cryptocurrencies and upcoming projects. Some of them are Bitcoin (BTC), Ethereum (ETH), Qtum (QTUM), Ontology (ONT), Nebulas (NAS), Theta Token (THETA), TRON (TRX), Ethereum Classic (ETC), Zilliqa (ZIL), Cardano (ADA) and many more.
Although the exchange is situated in the United States, the country is excluded from the platform due to the extensive legal terms that have to be met. Investors from Iran, Iraq, Bosnia and Herzegovina, Ethiopia, Yemen, and Cuba are also unable to use the exchange platform.
There are no minimum deposit amounts required on Gate.io, but daily withdrawal limits vary on the specific currency. The trading fees can be as low as 0.2%, and if the volume increases, users get discounts on the charge. The exchange doesn’t support fiat currencies.
The platform is safe because of the implemented cold storage and hot wallet. It provides SMS notification, KYC verification and two-factor authentication system to ensure the users’ funds are secure.
Generally, Gate.io is functioning well, and the cryptocurrency community is satisfied with the experience it presents.