Deposits on Gate.io exchange
After you have signed up for gate.io exchange, how does gate.io deposit feature work?
Making deposits in gate.io is simple and there are currently three ways to do it:
- Crypto deposits
- Deposit/instant buy with credit card
- Gate.io bank transfer deposit/instant buy option
How to deposit on gate.io (cryptos): step by step guide
So how can you make deposit in gate.io?
Making deposits is fairly simple.
First log in to your account, or create an account here.
Then you have three ways of finding the deposit button:
- Under Wallet tab on top-right menu, choose Deposit
- Wallet -> Spot Account -> Deposit button in the top right corner
- Wallet -> Spot Account -> Search the crypto you want to deposit and click deposit button next to it
After you have chosen the coin you want to deposit, choose the correct chain/network to use for the deposit.
Keep in mind that the network you choose here has to be the same as you chose at the place where you're depositing from.
How to deposit on gate.io with credit card: step by step guide
Gate.io started accepting credit card and bank account deposits just recently.
If you want to use credit card to buy crypto on gate.io, you can use Visa, Mastercard, Apple Pay and Google Pay to buy digital currencies.
And the digital currencies can be bought using either USD, EUR, or GBP.
Also many other currencies might be available, such as AUD, NOK, PLN, BRL, TRY, SEK, and many others.
- After you have logged in, click "Buy Crypto" in the top-left corner
- Choose "Credit Card"
- Choose your currency and enter the amount you'd like to spent
- Choose the currency you'd like to buy
- Choose a service provider
- Click "Place order"
- Now you'll see how much crypto you can get for it as well as the fee
- Click "Create Order" button
- Now you need to go through the Identity Verification for the payment provider
Usually you can only use your country's official currency through this feature.
How to deposit on gate.io with bank transfer: step by step guide
You can also use gate.io instant buy option when using your bank account to buy cryptocurrencies.
Currencies that can be used here are USD, EUR, GBP, AUD, CHF, HKD, SGD, MXN.
The third-party payment provider here is Legend Trading.
- After you have logged in, click "Buy Crypto" in the top-left corner
- Choose Bank Transfer
- Click "Buy digital currencies"
- Tick "I have read and accepted the disclaimer"
- Click "Purchase"
- On the payment page choose the crypto you'd like to buy, and the amount you'd like to spend on it
- Click "Enable Now" (if you're doing it for the first time)
- Choose if you're an individual or Business
- Submit all the details you're asked for. Such as name, country, address, date of birth, phone number, email
- Click "Save and continue"
- You might be required to submit some more information
- Now you'll be taken back to the page where you can buy the crypto
- Click "Review order" and follow the steps that are given to you
How much do gate.io deposits cost?
It costs nothing to deposit crypto in gate.io. At least from gate.io's side.
When it comes to instant buy fees using your credit card to buy cryptos on gate.io, or buying cryptos with bank transfer on gate.io, the fees can be high.
In theory the deposit fees here are 1-5%, but sometimes they can be higher than 10%.
So before you use gate.io instant buy options, be sure to review the fee details there.
How long do gate.io deposits take?
Gate.io deposits don't usually take more than half an hour. At least when it comes to crypto deposits.
Credit card deposits shouldn't normally take more than two hours.
Gate.io deposit time using bank account can be longer. Up to days.
Gate.io deposit issues
Sometimes it can happen that the deposit doesn't arrive on your account for days. We haven't experienced it ourselves, but we have read about some other people having this type of issues.
Whenever your gate.io deposit hasn't arrived within 12 hours max, we suggest you get in touch with gate.io customer support immediately.
Why is gate.io charging so high fees?
Gate.io instant crypto buy is done through third parties and there can be high fees there. The main reason for the high fees are just this - they are using third parties.
Conclusion
At this point gate.io is not accepting fiat deposits or withdrawals. While you can buy crypto for fiat instantly using your credit card or bank account, you can not just deposit fiat and have fiat money on your account.
And gate.io instant buy fees can be quite high.
The best way to deposit money to gate.io is through some other exchange. In other words - deposit fiat on another exchange, convert it to some cryptocurrency, and then send it to gate.io.
I became interested in cryptocurrencies only a bit more than two years ago. Since then I have been in investing in cryptos using different exchanges. And I also launched Cryptolorium.com when I started trading, just to share my crypto journey and my results.