Gate IO Review 2022 with Fees and Token Is it legit

Gate IO Review 2022 with Fees and Token – Is it legit?

Gate io is one of the top Bitcoin and altcoin trading sites with many crypto trading features.

Here, you can find anything you are looking for like many listed markets for spot trading, margin trading, crypto futures, perpetual, flash swap, crypto options, leveraged ETFs, warrants and copy trading.

In addition, Gate io has other online crypto products like cloud mining, liquidity mining, margin lending and more.

What is Gate IO?

Gate Io is one of the best crypto exchanges in many categories.

  • Gate IO is in the number 6th position at Coingecko for spot market crypto exchanges
  • Gate IO is in the number 3th and 2nd position for listed cryptocurrencies and trading pairs.
  • Gate IO is ranked as the 10th cryptocurrency exchange for crypto derivatives at Coingecko
  • Gate IO has many trading and Earn features among many other products

Gate IO Trading Features

In the table below, we have listed all the Gate Io trading features with a short explanation. Gate IO has many crypto trading features compared to many other crypto exchanges.

Gate IO Earn Review and Summary

Gate io Earn is a great feature to earn on your HODLing cryptocurrencies. Here, you find many alternatives to invest your cryptocurrencies, all listed in the table below with a short explanation.

Gate IO Points and GT token

  • You can earn GatePoints (POINT) by completing certain tasks on the platform. The POINTS can be used to pay trading fees. POINT is used in the Gate.io system to deduct trading fees at a rate 1 POINT = 1 USDT.
  • GateToken (GT) is the exchange token of Gate.io exchange and the native token to the Gatechain public chain. By holding the GateToken you can reach higher VIP tier levels and pay lower trading fees.   

 

GT became an exchange token of Gate.io formally on March 2, 2020, with the new name “GateToken”. GT is a significant part of the Gate.io ecosystem.

Gate IO Trading Fees - Spot and Futures

Gate IO offers competitive trading fees for the spot, futures, and derivatives markets.

However, they don’t offer the lowest crypto spot trading fees or the lowest crypto derivative trading fees.

But there are ways to lower the listed trading fees for Gate IO.

  1. 30% off by using our referral link
  2. Pay the trading fees with Gate.io Points
  3. Pay the trading fees with the GT token. Only applicable for the spot market
 

Gate IO Spot Trading Fees

Gate IO lists spot market fees for maker and taker are 0.2%

  • You can reduce the fees by up to 30-70% by paying them with Gate.io Points (1Point=1USD).

Gate IO Futures Trading Fees

Gate IO listed futures trading fees are

Maker:0.0150%,Taker:0.0500%

  • You can reduce the fees by up to 30-70% by paying them with Gate.io Points (1Point=1USD).

Gate IO Trading Volume Review

Gate io has decent trading volumes for both the spot markets and the derivative markets. 

Gate IO Spot Trading Volume Review

Gate io has 6th place among crypto exchanges with a reliable reporting to Coingecko of trading volumes. The trust score indicates how verifiable the actual trading volume is.

Gate IO spot trading volumes from Coingecko

Gate IO Futures Trading Volume Review

Gate IO ranks a bit lower for futures trading volume compared to spot trading volume. As you can see in the Coingecko screenshot below, Gate IO ranks at the 14th place for derivative trading volume.

Gate IO Listed Markets Review

Gate io has many listed markets and this is one of their value proposition. Here, you find many listed cryptocurrencies for spot market trading and the mote listed perpetual contracts for any single crypto exchange.

Gate IO Listed Spot Markets

Gate IO has among the most listed markets and cryptocurrencies among all centralized and decentralized crypto exchanges.

Here, you find 1402 coins and 2625 trading pairs.

Gate IO Listed Derivative Markets

Gate IO has most listed perpetual crypto trading contracts of all exchanges. As you can see in the derivative volume trading screenshot above, they have impressive 294 listed perpetuals.

Gate IO Supported Countries and Geo Restrictions

Use of the Gate Io crypto exchange by users from the United States of America, Mainland China, Canada, Singapore, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Crimea region, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan are prohibited.

In addition, many users in Hong Kong China, the UK (retail users only), Netherlands, Germany, France, Lithuania, and Italy are prohibited from using products and services provided by this website other than spot trading.

Read more in Gate IO full terms and conditions.

Verification and KYC Requirements

It’s mandatory to obatin KYC ID Verification at Gate.io for all users.

Only after your account has obtained KYC ID verification, can you withdraw funds, use credit cards or debit cards to buy cryptocurrencies, and participate in Startup projects.

Gate IO Copy Trading

Gate io copy trading is one of the largest social and mirror trading communities with 2.283.686 active strategies with a total of $3.10B in assets under management and 392.111 copies.

Read more about what crypto trading is in our article about the best crypto copy and social trading sites.

Gate IO Crypto Trading Competitions

Gate IO is a large crypto exchange with many incitements for signing up and starting trading. One of them is the trading competitions with great prize pools and rewards.

Follow this link to see all the current best crypto trading competitions with the highest prize pools and rewards.

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