• 24/06/2024 10:13

What is GATEio

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What is GATEio: we are talking about a cryptocurrency trading platform that launched during the era of soaring interest in cryptocurrencies, especially Bitcoin, in 2013.

This information was reported by the official resource GATEio, reports URA-Inform.

A bit of history

To begin with, it is worth noting that its founders remain a mystery, although it is known that Lin Han from Beijing is at the origins of this service. In fact, the company's headquarters are located in China, but it is registered in the Cayman Islands.

At first, only Bitcoin trading was available on Gate.io, but over time, other cryptocurrencies were added there. Today, almost all known coins are represented, but four of them – BTC, ETH, USDT and CNYX – occupy leading positions and determine the prices for other tokens.

Key feature of GATEio< /h2>

One of the main advantages of Gate.io is the ability to trade without identity verification. But verification is still provided on the platform, and in some cases it must be completed. The exchange does not allow withdrawal of funds over $1,000 dollars in cryptocurrency equivalent to users with an unconfirmed account, therefore, if operations for such amounts are planned, completion of the procedure is mandatory.

How to trade

To buy cryptocurrency on the Gate.io exchange, just click on the “Buy Cryptocurrency” button. A menu will open with three purchasing methods: credit card, bank transfer or P2P. The first two methods come down to exchanging fiat money for tokens at the current rate, often through third-party payment services. P2P transactions allow you to buy cryptocurrency from other users of the exchange.

If you use a card or transfer, this is actually an exchange of fiat for tokens, made through third-party services that you select before making the transaction. Each of them has different conditions, so the commission on transactions will vary.

When purchasing from another user, you must have enough funds on your balance. This is why P2P transactions are impossible without first topping up your account.

Favourable commission

The commission on Gate.io depends on the status of the trader. It can be standard or VIP. VIP status is available if two conditions are met: a daily trading volume of at least 1.5 BTC and the accumulation of at least 20 Gate Tokens (the exchange’s internal cryptocurrency). This is the amount that is written off for status upgrades. Thus, becoming a VIP trader on Gate.io is possible only with large turnovers. For small trading volumes, privileged status is not available. Thus, many people understand what GATEio is.

Other platforms and games where you can earn money

There are a huge number of platforms on the cryptocurrency market, including not only GATE.io, but also such giants as WhiteBit,  Binance, OKX, BingX, which offer a variety of earning opportunities. They open up a wide range of methods for users to make money on cryptocurrency, including trading, staking and the use of decentralized financial protocols.

Recently, participation in cryptocurrency markets through gaming clickers has become increasingly popular. Platforms such as NEAR Wallet, Avacoin, TapSwap, WormFare, Harvest MOON, TOM Clicker, Click Arbuz and many others offer unique game mechanics for earning cryptocurrency – from simple clicks to complex farming and trading.

At the same time, additional information has recently appeared about what the OKX exchange is and what advantageous offers it has for traders.

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