What is Gate.io?

Cryptocurrencies and trading platforms go hand in hand. Without a platform, you can't buy or sell your crypto. Nowadays, there are numerous exciting trading platforms. One of the top ten crypto platforms in the world is Gate.io.

What is Gate.io? Gate.io is an excellent crypto exchange platform that supports over 1,300 coins. It has Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), etc.

Lin Han created Gate.io in 2013 to provide a safe trading place. This Chinese platform is one of the oldest in the world.

Advantages of Gate.io

Gate.io has tons of benefits to offer. Listed for you are just a few. You totally have to try out this platform yourself to experience its full benefits.

1) Security

Providing security to its users is one of the main values of Gate.io. It utilizes both centralized and decentralized methods to achieve this. Gate.io helps users feel safe by;

Utilizing hot and cold storage systems

• Hot storage is where data is stored in software programs, usually online. On the other hand, cold storage implies that data is stored in physical devices, usually offline. Gate.io stores most of its data in cold storage to enhance security as it's less susceptible to hacking.

Multi-signature verification

• This is necessary when withdrawing funds and during the backup of user wallets. It helps eliminate any security breaches.

Two Factor authentication (2FA)

• 2FA eliminates nearly 80% of breaches. That's why Gate.io incorporates SMS 2FA. Meaning two or more pieces of evidence of ownership have to be provided to log in to your account.

Know Your Customer (KYC)

• Although recently introduced, this security measure has proven to be effective. KYC is all about knowing Gate.io users.
• You have to undergo identity verification by providing your ID and personal information as a user. Also, you need to provide your reasons for using the platform. Generally, KYC proves that users are who they claim to be.

2) Reliability

Gate.io has proven its reliability over and over again for nine years. It has successfully fulfilled its objective to introduce amazing projects to its users. Additionally, the platform has been pretty supportive of its users.

3) Variety

This platform offers a plethora of popular crypto products. You can trade with nearly all coins and NFTs. Not to mention the transactions are easy and speedy. As a user, you are saved from having to undergo stressful trades.

4) Low Fees

Most traders and investors prefer Gate.io due to its low transaction fees. Additionally, you get to enjoy the trading discounts. Users who hold and trade with the native token of Gate.io, that is, GateToken (GT), enjoy more.

Disadvantages

Gate.io is a fantastic online trade platform; however, it has a few downsides. The main one is the layout.

1) Layout

The platform has plenty of exciting features that can be quite confusing. Most new users find it difficult to navigate Gate.io for the first time.

Conclusion

Indeed Gate.io is a one-of-a-kind platform with myriads of services to offer. The platform even allows you to copy trade, create perpetual contracts and earn from crypto lending. How much better than this can it get?