How to buy Gate (GT) in the UK

Where to buy Gate in the UK

It looks like GT may not be available to purchase on an exchange in the UK.

You can still purchase GT by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase GT using a decentralised exchange.

1. Find GT on a decentralised exchange and make sure Gate can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for GT using an exchange like CoinJar. You will need to purchase enough ETH to swap for GT as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for GT on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the GT tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Gate wallets to store your GT

You can keep your GT on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your GT below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Gate a good investment?

Some of GateChain’s core selling points include:

• Fund security: The platform features a highly innovative crypto storage solution called ‘Vault Account’ that is designed to seamlessly retrieve one’s funds in case they are ever stolen by a third party. Its underlying framework consists of a ‘fault-tolerant mechanism’ that not only maximizes asset privacy, but also guarantees 100% financial coverage at all times.
• Operationally sound mechanics: The DEX powering GateChain provides a high level of transparency and decentralization while offering a relatively good transaction throughput (2000+TPS) rate. Not only that, it also features a fast block confirmation time of approx. 4 seconds.
• Solid design: GateChain utilizes a ‘Decentralized Governance’ module wherein every GT holder is given the chance to participate and vote on various proposals relating to the administration of the platform. Furthermore, GateChain is designed to be future-ready, such that it is compatible with a number of other public chains such as Bitcoin, Cosmos, and Polkadot.
• Solid backing: Gate.io is helmed by a number of trusted industry experts including CEO Lin Han and CMO Marie Tatibouet. It also bears mentioning that, as per several reports, the exchange was able to raise a whopping $64 million as part of its seed funding efforts back in early 2019.

Today's Gate price versus ATH

Compare today's price of Gate ($4.14 USD) against its all-time-high price of $12.94 USD on 12 May 2021. The closer the bar is to 100%, the closer GT is to reaching its ATH again.

How to trade, convert or sell Gate

You can convert or sell your GT with the same exchange you bought it through:

1. Sign in to the exchange you have GT on.
2. If you store your Gate in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of GT you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Gate.
6. Complete your transaction and move your GT to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.