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Gate.io is a cryptocurrency exchange platform native to the GateToken coin. Although it allows you to swap a range of crypto assets, the exchange does not offer services in some countries, including the United States and Canada.
The public exchange offers all-inclusive trading services with enterprise-grade security and demonstrated reliability. It is among the oldest crypto-to-crypto exchange platforms and allows more than 180 cryptocurrencies on its trading platform. GT Exchange is still an unregulated platform when it comes to market liquidity and volume, with roughly 3,500 BTC volume daily.
GateToken (GT) is the exchange token of the Gate.io Exchange and the native token of the GateChain public main net. Initially, the token got distributed to Gate.io Point buyers as a gift. The initial supply was 1 billion tokens, but 0.7 billion burned out.
Circulation is currently capped at 300 million tokens. An essential aspect of the GT ecosystem is that you can use GateToken in trading fee debits and VIP tier escalation. The ever-growing application of the token will go a long way in improving its intrinsic value, especially with the expansion of the crypto market.
Who created GT?
Chinese coder Lin Han founded the Gate.io Exchange in 2013. It was initially known as Bter.com before rebranding into Gate.io in 2017 after the Chinese government banned fiat-to-crypto trading. As a result, the exchange dropped the old domain and the previous fiat cryptocurrency trading pair in favor of Chinese yuan OTC and crypto-to-crypto trades. GateToken was created to allow crypto enthusiasts to enjoy superfast processing speeds and zero commission rates for each transaction fee.
As a cryptocurrency, GT is deeply connected to the Gate.io blockchain and how it works. The coin can be used to make payments and facilitate liquidity between cryptocurrencies. Most importantly, GateToken and its exchange provide users with a high-performance trading experience with low transaction fees, fast speeds, and fee discounts.
How do I exchange and trade GateToken?
Exchanging and trading GateToken is not any different from other cryptocurrencies. Exchanges allow you to convert GateToken with fiat currencies and other crypto coins.
You pay a marginal fee when you trade on the Gate.io exchange. There are no fees for deposits, but you must incur a 0.2% spot and margin trading fee with each trade. The platform also charges low withdrawal fees, which change according to the cryptocurrency you are withdrawing.
Exchange GT using Rubix
Exchanging your GateToken for crypto coins of your choice can’t get any easier than this. With Rubix, all you need to do is create an account and then transfer in your GateToken. Afterward, select your preferred trading pair and enter the amount of GateToken you want to exchange. The trade happens instantly, and you will have the new fiat currency/crypto coins.
Rubix is an excellent platform for trading your GateTokens for other cryptocurrencies. For one, it has sophisticated security measures to keep your crypto assets safe. The platform also has convenient trading tools that make it easier to trade cryptocurrencies. You can also make direct trades between dozens of cryptocurrencies and fiat currencies, including GT tokens.
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