In this Gate.io review Australia we will try to clear all your doubts and queries regarding this crypto trading exchange.
Gate.io is one of the best cryptocurrency exchanges that originated in China. It has been operating since 2013.
And recently in 2017, it got rebranded as one of the oldest and fastest-growing cryptocurrency exchanges, which leads to IEO or Initial Exchange Offering, various features like margin trading, various cryptocurrencies, and much more.
Gate.io Review Australia – Is It Safe For Australians?
If you are a beginner and want to use the most trustable cryptocurrency exchange then Gate.io could be one of the best choices for you.
Currently, this exchange is not available in countries like Washington, New York, Cuba, North Korea, etc.
Read this Gate.io review Australia to know whether this platform fulfills your needs or not.
Key Points On Gate.io Exchange
◾ Gate.io is known for altcoins. It has listed over 180 altcoins and 400 crypto tokens. But it is not considered to be an ideal exchange to purchase tokens using fiat.
◾ Gate.io exchange offers a variety of features for traders to conduct trading. Some of the common features are margin trading, margin lend or borrow perpetual swap, and much more.
◾ The fees charged by them are quite low. A trade on Gate.io Platform costs around 0.2% of the total amount of crypto tokens you want to buy.
◾ Gate.io uses advanced security for securing all the users and assets owned by them. Also, this exchange has integrated a lot of security mechanisms that traders can use.
◾ It offers good customer support to the traders. The Live Chat is always available 24/7. Also, they have enlisted some important FAQs.
What Is Gate.io Australia?
Gate.io is one of the popular cryptocurrency exchanges that maintain integrity and transparency.
It charges zero listing fees and chooses some of the best projects. The trading volume on Gate.io Australia is quite huge and real.
The user interface of this platform is quite easy to use.
Interested traders can easily create their accounts and choose a market in which they want to trade.
Currently, It supports 4 primary markets, QTUM market, USDT Market, Ethereum Market, and Bitcoin Market.
Also, there is a feature that allows traders to make a custom market of any cryptocurrency pair they want.
It comes with both mobile and desktop applications. It is available for both iOS and Android Devices.
If you want to buy any cryptocurrency on Gate.io exchange, then you need to transfer stable coins like USDT to purchase it because Gate.io does not support fiat currencies.
Gate.io Australia Supported Coins
Gate.io Supports all the major cryptocurrencies. Such as BTC, ETH, USDT, BNB, USDC, XRP, LUNA, and SOL.
Also, it has listed various Altcoins; the whole complete list is available on their official website.
Gate.io Features And Advantages.
Gate.io exchange aims to give all traders a one-stop solution for cryptocurrency trading and investing.
This platform is spread across 250 markets and listed approximately 200 different cryptos. Traders can avail various features listed below.
Gate.io allows traders to apply and copy the trading strategy of someone. Users can view the complete list of strategies and their performance on the leaderboard.
If any trader is satisfied with the potential returns by any trading strategy, then can copy that.
But all the profits that one will gain from copying strategy, 5 percent of it will go to the trader who owns that strategy.
Earn Passive Income
Gate.io has launched its new product known as Gate.io HODL and EARN. Users can stake their holdings for a certain duration based on which they can earn interest.
But it doesn’t allow you to withdraw early and all the profits and principal amount are released once the staking period is completed.
The Mobile App Is Available.
If you don’t have a desktop or laptop, then you do not need to worry about it because the Gate.io platform has also launched a mobile app for both Android and iOS devices.
You can use that application to place your orders and trade different cryptocurrencies without any hassle.
This makes it quite easy for you since you don’t have to carry bulky devices with you always.
Gate.io User Experience
To make the trading experience greater, gate.io has recently introduced a new interface. This interface could be noticed on the website.
Some of the new features are for Spot and futures, the market is added.
All the crypto tokens are classified into broader categories like Exchange tokens, ETF and Halving.
Some of the Important features that you should know are Spot trading, Margin trading, perpetual trading, lending, c2c trading, and much more.
In short, Gate.io crypto exchange offers an easy-to-use user interface. You can easily navigate different features.
All the main categories of trades are listed in the main menu, so you can find all the things in one place only.
Gate.io Safety And Security.
As per many Gate.io review Australia,Gate.io is considered to be one of the safest crypto exchanges among all other exchanges.
It offers 10 different security solutions for traders and investors based on activities like Login, Transaction, Withdrawal.
Gate stores all the cryptocurrencies in the hot wallet. Such a hot wallet uses both multi-signature and threshold signature to ensure safety.
For cold wallet storage, the private keys are regularly backed up and stored in the safest place.
Any transaction from a wallet requires a signature from multiple people. For traders and investors, there is a withdrawal option available, that requires two more signature authentications after that only identity is verified and people can conduct trade.
Gate.io charges two different kinds of fees, market maker fees, and market taker fees. Also, there is a deposit fee for various fiat currencies but since gate.io exchange does not support fiat currency there is no deposit fee for it.
There are no deposit fees charged by the gate.io people. If you are depositing cryptocurrency from a different wallet, then you might pay the withdrawal fees over there as per the blockchain network on which you want to make a deposit of the crypto tokens.
There are no withdrawal fees charged by gate.io. If you want to withdraw your crypto tokens and deposit them to a different wallet, then you need to pay a gas fee, which is basically a network fee that most of the blockchain charges for making any transactions related to smart contracts or crypto tokens.
If we talk about the trading fees, the minimum fees that gate.io charges are approximately 0.2 percent.
This is one of the lowest fees among all the cryptocurrencies that they charge. But there is a minimum requirement that the order value should be or equal to 10 USD.
If you do trading of more volume then you can get some discount.
Gate.io Australia Pros And Cons
Gate.io exchange offers numerous features that can help you to trade seamlessly without any hassle.
But it also has some cons, here in this Gate.io review Australia, along with the pros we will discuss Some of the Cons of Gate.io
- The platform is used in more than 400 markets and lists over 800 cryptocurrencies.
- It offers a great platform for IEO or Initial Exchange Offerings.
- Available as both desktop and mobile applications.
- Offers various trading facilities like margin trading, leverage trading, and spot trading.
- It is an unregulated exchange, hence it is not validated by ATO or Austrac.
- It is not easy to use for the beginners level of traders.
Gate.io Customer Reviews And Complaints
As per different Gate.io customer reviews, Gate.io Platform has listed a good number of crypto tokens.
Also, most people like to use features like ETF and crypto trading that help them to earn good profits.
Despite a lot of good features, there are some complaints by the people since most of the time they see a yen symbol for cryptocurrency prices, hence they always need to refresh or change it from settings.
But cumulatively it offers a lot of great tools and guides to do trading on Gate.io. If you are looking for an advanced trading platform and multiple tokens then this is the best choice.
Is Gate.io Legitimate?
Gate.io is one of the cryptocurrency exchanges which offers trade at cheap rates.
There might be some trades, which might not happen at a cheap rate due to the blockchain network but it utilizes all the safest security measures to keep funds of traders and investors safe.
This is a completely legal cryptocurrency exchange that is operable in almost all the countries in the world.
If we look at security measures then some of the best security measures that it follows are SMS 2FA authentication, login verification, Anti Phishing code, additional withdrawal password, 2FA with google authenticator, and much more.
Gate.io Contact And Customer Service
If you are facing some problem and would like to contact the customer service department, then you should use a mobile application.
On the mobile application, there will be an option for Customer support that you need to click.
Once you click on it you will be given three ways to contact them, one would be the live chat and the other two would be the submit a request or bug bounty.
You can choose any one of them at your convenience. If you want some urgent solution, then live chat is the best choice to contract them since you can ask your queries in real-time.
How To Use Gate.io Australia?
As we mentioned above in this Gate.io review Australia Gate.io offers a great user-friendly interface even beginners can use hassle-free.
Those who are still confused about creating an account on Gate.io can follow the steps given below.
Step 1: Open a Gate.io Account
You need to visit the official website or download a mobile application and click on the signup button.
This will lead you to a form where you need to fill in all the necessary information like email, name, password, withdrawal password, and much more.
Once you have filled out the form your account will get open. But you need to verify your email and set up security measures like 2 FA to use it further.
Step 2: Verify Identity
Once you have created an account, you can log in and click on the profile. This will ask you to verify your KYC or Know your consumer process if you haven’t done this already.
Here you would need to choose whether you are an individual or the company that is trying to verify the account, based on that you can proceed further and submit all the required documents.
Step 3: Deposit Funds / Instant Buy
After your gate account is verified and you are good to go to do trading, then you can log in to the application and choose the deposit option to deposit some funds.
Based on the account, whether it’s a spot trading account, you can deposit. Here you would need to choose which token and from what chain you would like to deposit because it does not support fiat currencies.
Step 4: Storage
If you don’t want to store your cryptos in the Gate.io hot storage wallet, then you can withdraw them and send them to the wallet address where you want to keep them safe.
Mostly you can use a cold storage device to keep your cryptocurrency safe. You need to pay the withdrawal fees as per the network on which you will be withdrawing.
Gate.io Review Australia – Conclusion
As per our research for Gate.io review Australia we found that Gate.io is a one-stop solution and one of the best altcoin exchanges, that offers a great user experience to all traders.
Apart from different altcoins, it allows traders to do margin trading with 10x leverage which is lucrative.
Some of the best trading activities that you can conduct are perpetual contracts trading and offering margin borrowing and lending.
It might look like quite a complex choice for beginner-level traders but advanced traders can take advantage of such features.
It is highly recommended that beginners should not try all these complex features without learning and proper guidance.
Frequently Asked Questions
Gate.io is one of the trustworthy cryptocurrency exchanges. It has listed over 800 cryp[tocurrencis and does not charge any listing fees. For advanced traders, it is one of the best choices to do cryptocurrency trading on.
Yes, you need to do KYC for your account on Gate.io. There are two options available, one is for the organization and another one is for individuals. For both cases, you need to complete your KYC to do trading.
There is no limit on crypto tokens. But there might be a someday limit, like on a particular day you can withdraw only a certain amount of cryptocurrencies.
Gate.io Does not support the withdrawal of fiat currents or their deposit. You can withdraw or deposit only crypto tokens from different blockchains like Tron or Ethereum.