Gate.io Reviews: SCAM or LEGIT?

ahmedo24

Complete Stranger
Member
May 27, 2023
19
2
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Raw Dex
$0.000
Gate.io is among the top ranking exchange platforms on coinmarketcap. This exchange platform has been in existence for a very long time with high reputation and trade volume.
If you decide to use this exchange platform you will have access to trade different coins as they are listed on coinmarketcap.

It has provisions for both spot, futures trading and margin trading. Check it out today and share your experience.
 

Suba

Notable
Member
Nov 11, 2022
3,848
466
Dex
$0.000
Raw Dex
$1.265
Although Gate.io is included in the best spot exchange according to Coinmarketcap, it is not included in the top 10 according to Forbes and Investopedia. Even in the Trust pilot, Gate.io only got 2.5 stars, meaning that most users are dissatisfied or have complaints.
 

Stardom22

Well Known
Member
Sep 1, 2022
9,251
525
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Raw Dex
$4.778
I have never heard of it before. According to the reviews that are found on the trust pilot, the exchange seems very promising but not popularly used across the web.
 

Suba

Notable
Member
Nov 11, 2022
3,848
466
Dex
$0.000
Raw Dex
$1.265
@ahmedo24 is from Nigeria, maybe he has tried this crypto exchange, Gate.io is not well known, and many user complaints I encountered, so I think it would be better to avoid.
 

nomad

Moderator
Moderator
Member
Jun 22, 2022
6,961
392
Dex
$1.170
Raw Dex
$2.870
I have heard of this exchange but never used it. I mostly use Binance. BY thew way, how does this exchange compare with Binance in terms of features and availability of assets
 

Suba

Notable
Member
Nov 11, 2022
3,848
466
Dex
$0.000
Raw Dex
$1.265
The last news I heard about the Gate.io exchange, that Gate.io is having problems regarding insolvency and liquidity. But on May 31, Gate.io denied the issue/news. I don't know which one is right.
 

ahmedo24

Complete Stranger
Member
May 27, 2023
19
2
Dex
$0.000
Raw Dex
$0.000
The last news I heard about the Gate.io exchange, that Gate.io is having problems regarding insolvency and liquidity. But on May 31, Gate.io denied the issue/news. I don't know which one is right.
Yeah, I also heard about it but I don't know how real the information is. I will also check this exchange platform later today. I learnt the owner of the exchange was arrested.
 

Suba

Notable
Member
Nov 11, 2022
3,848
466
Dex
$0.000
Raw Dex
$1.265
Although the news cannot be confirmed yet, the Binance exchange has already taken preventive measures to suspend token transaction services related to Multichain and Gate.io. So we don't trust enough to keep funds on the Gate.io exchange.
 

ahmedo24

Complete Stranger
Member
May 27, 2023
19
2
Dex
$0.000
Raw Dex
$0.000
It will disastrous for top exchanges like Gate.io, Binance, Kucoin, coinbase etc to short down because they seem to be the pillars for cryptocurrency ecosystem at the moment. I hope Gate.io will be back fully if the news is true .
 
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