- Huge selection of crypto coins, tokens and trading pair
- Unregulated exchange with no fiat currency deposits
Check out our full list of pros and cons or read on.
Updated
Gate.io offers over 500 crypto assets and 1,000 trading pairs. Here's our review which covers fees, cryptos
In this guide
Check out our full list of pros and cons or read on.
Product Name | Gate.io Cryptocurrency Exchange |
Cryptocurrencies | BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, LUNA & 1599 more |
Deposit Methods |
Bank transfer Credit card Cryptocurrency Debit card |
Trading Fee |
Maker: 0.30% Taker: Varies |
Deposit Fees |
None |
Withdrawal Fees | Fees vary |
Gate.io is a crypto-to-crypto exchange platform that started in 2013 as Bter.com before rebranding to Gate.io in 2017. The exchange was originally based in China, but has since moved to the Cayman Islands. An important aspect of Gate.io is that it is an unregulated exchange. This means there is no oversight for the platform and this increases risks of using it.
Gate.io offers an extensive selection of cryptocurrencies for trading, with competitive trading fees. It also specializes in smaller market cap assets that many regulated exchanges will not list.
Gate.io supports over 1609 cryptocurrencies. In total, Gate.io carries 18 of the top 20 cryptos by market cap.
Popular assets on Gate.ioTransaction type | Fee |
---|---|
Deposit funds |
None |
Withdraw funds |
Fees vary |
Before you can even get started trading on Gate.io, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Gate.io's commitment to certifications and compliance with regulations and insurers.
Gete.io has strong security, and has only been hacked once in its history. Gate.io has no insurance policy for users.
Past hacks
There have been no hacks of Gate.io under its current iteration. However, it started as Bter.com, which was hacked successfully in February 2015. During the hack, 7,170 BTC was stolen from the platform. The company announced that affected users would be repaid in batches using the exchange's future profits in conjunction with a BTC loan they received. There have been no hacking incidents since.
Security audits
There have been no audits of the exchange's security systems. In 2020, the company had an audit to prove Bitcoin reserves done by Armanino. It proved it had the reserves to cover customers' holdings. However, it is the only asset it has had audited, and it proves nothing about the security of the exchange.
Insurance
There is no insurance provided for users of Gate.io. However, in instances where users' accounts were affected, the company reimbursed them out of pocket.
All centralised exchanges, including Gate.io, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
![]() |
![]() |
![]() |
|
|
|
|
|
|
Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Gate.io offers little in the way of customer support. There is a live chat option that initially directs you to the FAQ. Failing to find an answer in there, you can talk to a bot. If that doesn’t solve the issue, then users can choose to speak to a human who responds fairly quickly (under 2 minutes when requested by Finder). The only other contact is by email.
Both methods of customer service have been rated poorly by sites such as Trustpilot. Poor reviews indicate a lack of helpful answers, or really slow response times. Users are advised to do due diligence before registering for any exchange, including Gate.io.
Evan Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Evan Jones was a writer for Finder. Evan was introduced to cryptocurrency during the 2017 bull market and has been writing about it full-time since 2019. Having already completed a degree in history, he has completed an editing certificate. See full profile
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.