Is Gate.io a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Gate.io is a good crypto exchange to start trading with. In this article you will learn whether Gate.io is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Gate.io
The exchange is a multifunctional trading platform that offers spot and margin trading in cryptocurrencies, as well as futures and ETF trading. The exchange allows you to trade Bitcoin, Ethereum, Litecoin, Ripple, tons of other cryptocurrencies, and tokenized assets, including the site's proprietary GateToken (GT) coin. offers cloud mining, cryptocurrency loans, and lending options. There is an intellectual base of strategies with the ability to customize your strategy or customize one of the available strategies just for you. On-site monthly voting is held on the introduction of new assets. There is a news portal with analytical Live-broadcasts.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | 0.0001 BTC |
| ⚖️ Leverage: | Up to 1:125 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
Gate.io Pros and Cons
👍 Advantages of trading with Gate.io:
•all major cryptocurrencies are represented on the site;
•margin, spot trading, futures, and ETFs are at your fingertips;
•lending and borrowing system;
•cloud mining function;
•an interactive training system for newcomers with the possibility of earning money;
•functional and user-friendly TradingView trading terminal;
•an affiliate program with payments up to 40% of referral fees;
•optimized mobile application for trading on the stock exchange;
•24/7 multilingual technical support.
👎 Disadvantages of Gate.io:
•fiat currencies are not represented on the exchange;
•tech support doesn't have a call center.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Gate.io Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Gate.io offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 0.0001 BTC |
| ⚖️ Leverage: | Up to 1:125 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Not indicated |
| ⭐ Trading features: | There are tons of assets, There are no fiat currencies, There are lending programs, There is investment in mining cryptos, There are training programs, profitable fees |
| 🎁 Contests and bonuses: | Yes |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Gate.io commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
Like tons of other crypto exchanges, offers a flexible fee system. The size of the fee depends primarily on the trading level. The trading level is determined by two factors, which are the user's trading volume over the last 30 days and the number of GTs in the account.
Bear in mind that if you have a large trading volume, but there are not enough GTs to reach the next level, you will remain at the previous level! In this case, the calculation of the number of GTs is based on the average GT value that you hold in the account for 14 days.
The charged fee at zero levels is 0.2% for the maker and taker. At the highest, the sixteenth level, the maker's fee is 0.055% and the taker's commission charge is 0.065%.
There are three ways to reduce fees. The first is to purchase a pro-status (all the details are in the corresponding section of the site). The second is to actively participate in the life of the community and contests on the site, receiving points for activity, which can be used to extinguish commission fees. The third way is to receive bonuses in the form of rebates through the Traders Union.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.12% per order | No |
Investment programs of Gate.io
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Gate.io offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Gate.io crypto exchange does not offer investment programs, however, site users can invest in mining and lending to other traders.
The mining investment system is called HODL & Earn. The corresponding section of the site contains a list of constantly updated blockchain projects from the exchange partners. Any user can choose a suitable project and invest the available amount into it, based on the specified range. Deposits are made for a period of 7 to 98 days. The deposit cannot be withdrawn before the expiration date. The interest rate on payments varies from 1-100% depending on the project and asset.
The second investment option is crypto lending. A trader can go to the apropos section of the site and either take a loan or provide borrowed funds to another person. There is a list of loan applications, and you can create an offer yourself. The term and interest rate are determined individually. The loan repayment system is automated.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Gate.io’s affiliate program
The Gate.io crypto exchange has a typical affiliate referral program. After registration and verification, the user receives an affiliate link, which he can post on any site. Everyone who registers on the exchange following this link becomes a referring partner of the user. The partner brings income to the user who invited him in the form of a percentage of charged fees for trading operations. This value can go up to 40%, depending on the activity of referrals and their number.
All referrals and income indicators are presented in a separate tab of the personal account. The peculiarity of the referral program is that the user can study statistics for each affiliate link posted on third-party sites. The number of clicks, how many of them led to registrations, the activity of the invitees, etc. These indicators allow you to visually assess the success of placing a link on a particular resource.
Conclusion. Is Gate.io good for beginners?
The Gate.io cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Gate.io could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.