In this detailed guide, we're focusing primarily on the Withdrawal Fees of Gate.io. Moreover, we will touch upon other expenses like fees for withdrawing cryptocurrencies, fiat withdrawal costs, and the associated limits. Stay with us to discover the competitiveness of the fees charged by Gate.io!
+1700 Cryptos & 125X Leverage
Spot, Perps, Margin, Options
Top 3 Spot Trading Volumes
Stacked Product Offering
1780 Cryptos & Deep Liquidity
Spot/Perps/Copy Trading
Low Fees & 200X Leverage
KYC Not Required
When it comes to evaluating the withdrawal fees of an exchange, you typically have to take into consideration fiat withdrawals and crypto withdrawals.
In the case of Gate.io, this exchange does not allow for deposits or withdrawals of fiat currencies which means that only crypto can be deposited and withdrawn.
Gate.io like most other exchanges out there allow for different withdrawal limits depending on the verification levels of it's users.
Gate.io has created three levels of KYC verification which includes KYC-1, KYC-2 and KYC-3. For users that have only provided the most basic personal information (KYC-1), they have a withdrawal limit of 100,000 USDT per day.
Users who have decided to complete advanced verification (KYC-2) which involves providing an ID and conducting a face scan, they are allowed to withdraw up to 2 million USDT per day.
And for users that also complete KYC-3 providing country of residence and street address, they are eligible for up to 8 million USDT withdrawals per day. In short, for the vast majority of users, KYC-1 will be more than enough to cover their withdrawal needs.
At the time of writing, Gate.io does not allow for any type of fiat withdrawals as no fiat currencies are supported on the platform.
Users can buy crypto with credit card on the website, but they are not able to deposit fiat currencies directly onto the exchange.
The minimum withdrawal for cryptocurrencies on Gate.io like always differ from one coin to another.
USDT for example has a minimum withdrawal limit of 1 USDT while the minimum limit for Ethereum and Bitcoin are 0.01 ETH and 0.001 BTC.
These are very low withdrawal minimums that should satisfy the needs of the majority of users.
Crypto withdrawal times always depend on which cryptocurrency is being withdrawn and on which blockchain.
Some blockchains like Bitcoin and Ethereum process transactions much slower and if they have a high usage rate at any point in time, the withdrawal times will be longer.
On the other hand, blockchains like Solana and Cosmos that process transactions much faster and cheaper normally require less than a minute before the funds arrive to their destination.
Gate.io offers crypto withdrawals for a vast range of over 1600 cryptocurrencies including the biggest names such as BTC, ETH, SOL, ATOM, DOT, DOGE, ADA and many others.
Gate.io users that wish to withdraw Bitcoin (BTC) from the exchange will have to pay a withdrawal fee of 0.001 BTC. This fee is on the higher end and more expensive than cheaper exchanges like OKX and Binance.
In regards to withdrawal fees associated with Ethereum (ETH), users on Gate have to pay a network fee of 0.0019 ETH for each withdrawal they make.
The withdrawal fees for Tether USDT on Gate.io depends on which blockchain that people use to conduct their transfers. Below we have outlined the fees associated with 5 of the most popular blockchains.
1. Tether USDT withdrawal fee on Ethereum: 4.8 USDT
2. Tether USDT withdrawal fee on EOS: 10 USDT
3. Tether USDT withdrawal fee on Tron: 1 USDT
4. Tether USDT withdrawal fee on Solana: 0.1 USDT
5. Tether USDT withdrawal fee on Avalanche: 0.1 USDT
+1700 Cryptos & 125X Leverage
Spot, Perps, Margin, Options
Top 3 Spot Trading Volumes
Stacked Product Offering
1780 Cryptos & Deep Liquidity
Spot/Perps/Copy Trading
Low Fees & 200X Leverage
KYC Not Required
