Gte.io is among the oldest cryptocurrency exchangesis working. It is a cryptocurrency exchange founded in 2013 by Lin Han in China. Although Gate.io was founded in China, it later moved its headquarters to the USA due to pressure from China. At the same time, it served as Bter until 2017, then changed its name to Gate.io. And the company realized its main growth after 2017.
Gate.io was hacked in 2015 and lost 700 BTC. Gate.io, which increased its security measures after being hacked, was not hacked afterward, although it was exposed to cyber attacks. Gate.io was named the most reliable cryptocurrency exchange in 2020 by Cryptocurrency Exchange Ranking (CER).
While Gate.io is among the exchanges with the highest cyber security score, it keeps user reliability at the highest level. 95% of information and assets belonging to customers are kept in cold storage wallets. It also has a system where customers are rewarded if they notice and report security vulnerabilities. In addition to being the most preferred two-factor authentication, the fund encryption advantage is also recognized.
Gate.io advantages and disadvantages are as follows:
Advantages
- Gate.io is among the rare exchanges that support 1000+ trading pairs and list over 800 cryptocurrencies.
- There are high security measures.
- It is an exchange with a high trading volume.
- There is a low commission rate for crypto-to-crypto transactions.
- The pool has high winning rates offered in prize and lottery systems.
- There are VIP membership levels.
- Coins that were not listed anywhere before can be listed first on Gate.io.
- Apart from futures, it also has options such as spot trading and margin trading.
- 24/7 live support service is provided.
- NFT trading is possible.
- Staking and lending transactions are carried out.
- Multiple sub-accounts can be created.
Disadvantages
- The most important disadvantage of Gate.io is that it does not support fiat currencies.
- Turkish does not have live support.
- The interface is inadequate and complex.
- The withdrawal limit is low.
- It has a mixed structure for withdrawals.
