There are several investment options to choose from if you do not wish to trade crypto directly. When it comes to the range of offerings and key features, we consider Gate.io is doing very well. Gate.io is based in Singapore, extending its reach to a global audience and offering various investment options for its users, partners, and investors. Gate.io also has more features and products when compared to competitor exchanges. While Gate.io called on ETC to fix their issue, Gate.io raised the confirmation number of ETC to 4,000 to make any further hack attempt easily detectable and stopped.įollowing the series of hacks and ensuing challenges, rebranded as Gate.io and has since stepped up its game. This weakness left a vulnerability in all exchanges that support ETC. For a start, in the spirit of transparency, Gate.io reported that the hack resulted from the weak hashing power in the Ethereum Classic network. However, the exchange now claims to adopt several security protocols to safeguard its investors’ funds. In January 2019, Gate.io suffered another hack, which saw the exchange lose over $271,500 worth of Ethereum Classic (ETC) tokens. In 2015, while it was still known as, the exchange suffered a major hack in which the hackers got away with over $1.7M worth of BTC. The exchange ceased operation temporarily in 2017 when the Chinese government terminated the issuance and use of Bitcoin in the country. It has been in operation since 2013, rebranding from to its current name. Platform User Interface and Trading ExperienceĪ brief background into Gate.io shows it is one of the oldest crypto exchanges to come from China. Over 800+ crypto pairs available for trading The exchange is also safe for trading and open to US citizens, except New York and Washington. Nowadays, Gate.io’s security measures are great, and there are educational tools available for users. Fees are relatively standard and low too. Its customer support system and UI is not too good as beginner traders may not find it convenient to use. Gate.io is a good exchange with a vast range of features and offerings. This Gate.io exchange review x-rays the platform’s entirety, covering its key features and range of offers, fees and commission structure, pros and cons, and some FAQs you may want to learn about the exchange.Īfterward, you can make well-informed decisions and not only navigate the exchange with ease but understand its functions and know if it’s a suitable exchange to trade cryptocurrencies.
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