Gate.io WithdrawalsHow to withdraw money from gate.io?
Guide to withdrawing money from gate.io - let's take a look at gate.io withdrawal options, minimul withdrawal amounts, gate.io withdrawal limits and much more. Learn about everything related to how to withdraw money from gate.io.
Gate.io withdrawal options
Gate.io is currently a "no fiat" exchange, at least when it comes to withdrawing money from gate.io. This means that it is not possible to withdraw fiat currencies from your gate.io account.
If you want to make a withdrawal from gate.io, you need to withdraw a cryptocurrency to some other exchange (such as Binance) or crypto wallet (such as Luno).
What is Gate.io withdrawal limit?
Since march 2021, gate.io withdrawal limits are the following:
- Initial withdrawal limit is $100,000 USDT
- KYC1 verified accounts have a 2,000,000 USDT withdrawal limit.
- KYC2 verified accounts have a 5,000,000 USDT withdrawal limit.
These are all gate.io 24-hour withdrawal limits, not per week, month or lifetime.
Should you need to increase your withdrawal limit, you can do so by submitting a ticket to their customer service and it can be done case by case.
Gate.io maximum withdrawal limits also depend on the exact currency.
What is Gate.io withdrawal limit without KYC?
Gate.io withdrawal limit without verifying your account, or going through the KYC process, is zero. Before you can withdraw money, you need to go through the gate.io identity verification process.
So if KYC is an issue for you, you do need to be aware that if you want to withdraw from gate.io without KYC, you're probably doomed.
How long do gate.io withdrawal take?
Gate.io withdrawal time is generally up to 30 minutes. So the withdrawal time might be slightly longer compared to some other exchanges, but it's pretty good.
However, if you have recently changed any security settings (such as changed your password or set up/removed 2FA), withdrawals are suspended for 24h.
This rule is in place to further protect your account.
How high is gate.io minimum withdrawal amount?
Gate.io minimum withdrawal amount depends on the cryptocurrency you want to withdraw. While for some cryptocurrencies gate.io minimum withdrawal amount is reasonably low, for some currencies the minimum withdrawal amount is rather high.
For example USDT minimum withdrawal is 50 USDT while minimum withdrawal for TRX is just 1.1 TRX.
Gate.io withdrawal fees
Gate.io withdrawal fees depend on the exact currency as well. And as with the minimum amounts, some of them can be rather high.
For example gate.io withdrawal fee for USDT is 40 USDT. At the same time the withdrawal fee for TRX is 1 TRX.
How to withdraw from Gate.io - step by step guide
In order to make a crypto withdrawal from gate.io, click on your profile icon in the top-right corner and choose "Withdraw".
- Find the cryptocurrency that you want to withdraw
- Copy & paste the wallet address where you want to withdraw it
- Choose the amount you want to withdraw
- Choose the network you want to use
- Make sure that the wallet address you copied from your destination wallet is the address for the same network
- Press withdraw
- Enter your Gate.io fund password
Now, you should be done. Or in some cases, you might need to do the 2FA authentication as well.
Gate.io withdrawal issues and potential questions
What type of problems might you come across when trying to make a withdrawal from your gate.io account?
Or what are the main things you might be wondering about when it comes to Gate.io withdrawal topics?
How to withdraw money from gate.io to bank account?
You can not directly transfer money from gate.io to your bank account.
However, you can choose withdraw crypto to some other exchange with fiat withdrawal option, such as Binance. And then convert the crypto to fiat in that other exchange, and make a fiat withdrawal there.
Can you withdraw from gate.io without KYC?
At this point it is not possible to withdraw from gate.io without KYC. Even if you manage to do it, you should be aware that if your account has not been verified, you might be up for an unpleasant surprise when trying to make a withdrawal.
Why have withdrawals been suspended on my account for 24h?
Most likely you have just changed your security settings. If that's the case, you need to wait for 24h before you can make a withdrawal.