Advantages and Disadvantages of Gate.io

Gate.io is a cryptocurrency exchange where we can find valuable gems in their ICO phase before they are listed on more popular exchanges such as Binance, Coinbase among others. It is currently among the top 10 exchanges with the highest volume by market capitalization where you can also buy crypto with credit card.

Advantages and Disadvantages of Gate.io

Gate.io as mentioned above is a centralized cryptocurrency exchange (CEX) platform so the funds are managed and stored by this company, in addition to being the ones who mark the transaction fees, the minimum purchase and exchange minimums and minimum and maximum cryptocurrency withdrawal minimums and maximums. Unlike decentralized platforms (DEX), commissions and amounts can be modified if required by the board.

Among the services offered by Gate.io we find that we are allowed to perform from the platform:

• Spot Trading
• Yield Farming
• Margin Trading
• Lending
• P2P trading
• P2P market
• Trading bot
• Futures market
• Futures market
• Staking

Advantages of Gate.io:

• High security, the platform has a defense mechanism against hacking attacks
• Good performance of the platform, it does not suffer from saturations as it happens to other much more popular Exchanges
• They have a large catalog of available coins, adding new project tokens on a regular basis.
• Very low commissions, between values of 0.1% and 0.025% depending on the volume of assets we work with.

Disadvantages of Gate.io:

• It does not allow Fiat deposits, although cryptocurrencies can be acquired.
• It does not allow Fiat deposits, although cryptocurrencies can be acquired.
• Variable commissions, their amount is different depending on the type of cryptocurrency in question, the commission changes in amount.
• Lack of Liquidity, like other small Exchanges of other platforms, they may suffer from certain drawbacks when investing in small cryptocurrencies.