What this exchange is
Gate launched in 2013 and is among the oldest crypto exchanges still operating. In an industry where venues close every year, twelve years of continuous operation is an argument in itself: it has lived through several complete market cycles.
Its second strength is the listing. On coin count Gate is consistently among the leaders and competes with MEXC, including fairly early projects.
Open reserves
Gate was among the first to publish Merkle-tree proof of reserves regularly. It is a technical procedure letting any user verify that their balance is counted in the exchange's total liabilities and that those liabilities are covered by assets.
Understand its limits: it shows assets exist at the moment of the check, not whether the exchange carries off-balance-sheet obligations. That is considerably better than nothing and considerably less than a full audit. But voluntarily publishing it on a schedule says something about the venue's attitude to transparency.
Fees and the GT token
Base spot rates are slightly above the top three and fall with volume and with GT held. Withdrawal fees per network are in the live table above; Gate usually sits mid-market on those.
Funding, withdrawals and P2P
Network support is broad. The P2P section covers more than seventy fiat currencies — among the widest we track, though advertisements in rarer currencies are sparse.
What to know
The exchange's early history includes an episode worth knowing: in 2015 the venue, then trading as Bter, lost a large sum in bitcoin to a hack. Ten years have passed, the exchange changed its name and its approach to custody and became one of the first to publish reserves — but mentioning it is more honest than leaving it out.
Who it suits
Anyone who needs a wide listing, and anyone who values a venue's longevity and openness about reserves. The interface is denser and less friendly to a beginner than Binance's or Bybit's — that is the price of the functionality.