This article explains how to deposit, withdraw, and use spot trading at the cryptocurrency exchange Gate.io. Leverage trading and spot trading can be done at most cryptocurrency exchanges. Many people do spot trading while trading, so it’s a good idea to remember this. I hope you will find the explanation of how to operate the exchange useful.
What is spot trading?
As the name suggests, spot transactions refer to transactions in which physical goods and cash are traded at the time of settlement. This is a very common trading method in which you can buy with only your own funds and when selling, you can sell the actual items you own. When selling, it is a prerequisite that you already own virtual currency. In other words, when you first start, you have no choice but to start by buying. We recommend the major coins BTC, ETH, USDT, and XRP. Get market information through industry news, etc.
Advantages of spot trading
The advantage of spot trading is that no matter how much the loss increases, you will not lose more than your cash on hand. When buying and selling virtual currencies, profits and losses occur as a result of price fluctuations. As long as you invest in spot trading, it is an advantage that there is no risk of loss and debt.
Also, there is no lever principle like leverage, but in the case of spot trading, because there is no leverage, there are not many traders who take short-term bets. Because of this, there is the advantage that you don’t have to leave it alone and look at the chart for a long period of time, so it is very unlikely that you will be glued to the chart.
Disadvantages of spot trading
It is to enter only from buying. Since it is a physical item, you cannot sell it unless you first own it. You should wait until the price drops before buying. Therefore, you will have to wait for the timing to make a profit.
Another disadvantage of spot trading is that the spread is large, making it difficult to make large profits in a short period of time. Therefore, most spot trading users invest with the premise of long-term trading. There is a significant difference in capital efficiency compared to leveraged trading. Not suitable for those who like short trading.
Long-term hold
For those who want to hold for a long time, we recommend the physical item. It handles a large number of items both in Japan and overseas, and since its establishment in 2013, it has the largest number of items in the world. When selecting detailed items, users can choose the best coin from a large number of options. Since there are many listed coins, the price and amount are likely to be stable, so staking is recommended. It is also licensed by the Financial Services Agency, so you can trade major coins from the network at any time. There are also campaigns, so make use of them.
What is futures trading?
It is often compared to spot trading, and there is also something called futures trading (derivatives), which is said to be indefinite. A futures transaction is a transaction that promises to buy or sell a specified virtual currency in the future and has no expiration date. Because the transaction will take place in the future, the system does not involve physical delivery or settlement at the time the futures contract is entered into. When trading futures, you are required to deposit margin with the exchange. Unlike spot trading, you can also enter by selling. The timing of canceling the contract is the timing of payment and remuneration.
How to start spot trading
In order to start spot trading in the market, you must first open an account. I will introduce it in the article below, so I hope you find it helpful. It is recommended to buy before the stock price rises. Deposits can be made in legal currency via bank transfer, P2P, credit card, etc. You can also make profits by doing margin trading of products, defi, options trading, liquidity mining, etc.
After opening an account, please log in first. Click on “Spot Trading” from “Trading” on the top left of the home screen. Also, if you participate in events before holding a position in the market, you can also receive bonuses by applying for them. The latest information is disseminated through the media.
Source : Gate.io
Since it will be the actual transaction screen, select “Purchase” on the right side of the screen. Enter the quantity and click “Purchase” at the bottom of the screen to complete the purchase of virtual currency. The center of the screen will be the chart. Also, the immediate left side of the purchase screen is the trading board, where you can see buy and sell orders in real time. At the bottom of the screen you will see your active orders. To make a payment, click the displayed order to make the payment.
Source : Gate.io
You can also switch currency pairs by clicking the currency pair on the upper left of the screen. A search box will also appear, so you can also search for your favorite currency pair.
Source : Gate.io
Gate.io deposit methods
When you deposit money into Gate.io, the money will first go into your wallet. After that, you will need to transfer the funds to your trading account and use them. Gate.io is quite famous among overseas crypto exchanges such as Binance, and the deposit setup method is very easy and recommended. You can deposit with metamask, credit card, Bitcoin, etc. Points will be awarded. You can transfer virtual currency by scanning the QR code or copying and pasting the address. There is a detailed fee for the exchange, but it will enable effective trading. You can transfer money on-chain at any time, step by step, multiple times from the official site, and support is also available.
Security measures
Gate.io has a strong security function provided by the operating company as an option, and has a two-step authentication function. Basic information and password management are also safe. If you sign up for the VIP service, you will be treated even better. It is easy to access and operate with a PC browser or smartphone. Transaction history can be downloaded. Since changes and strengthening are also made at the official center, sending information is also safe. Information can also be viewed on blogs and chats. High security is achieved regardless of time.
Many trading methods
Compared to exchanges in Japan, it has a wide variety of the latest trading methods. It supports multiple market prices, including staking, mining, spot trading, and futures trading. There are many types, and it supports BTC, ETH, etc. The advantage is that you can also hold your own token GT, and you can earn and receive airdrops. We also have our own platform.
Pay attention to market movements
Due to the characteristics of spot trading, you can only enter from the buy position. Analyze price trends every week and start investing with low risk. You can also enter using the application from a mobile app terminal, so use indicators etc. to aim for the timing of the decline. There are no guarantees with financial products, so you need to develop and refine your skills yourself.
Multilingual support available
Gate.io will be a global cryptocurrency exchange. Therefore, we support multiple languages such as español, Русский, việt, 简体, 中文, deutsch, türkçe, tiếng, indonesia, português, etc. We have traders participating from all parts of the world. Many institutional investors also participate. Coins also support major currencies, including Bitcoin, Ethereum, Cardano, USDG, and Gatetoken.
maximum leverage is high
The current maximum leverage is 125x, which is very high. What’s more, you can also trade through the app, which is a great deal. You can also download your transaction history. The official website also has a glossary and terms of use, so take a look. The bonus is very attractive because it can be used as a margin as a credit. There is also an invitation program, individuals can introduce friends, and newly listed coins can be traded flexibly.
Plenty of learning content
Gate.io also has a wealth of learning content about trading. After creating your profile, learn about financial products within your web account. There’s always a lot to learn about digital asset management, including economic indicators, martingales, hedging, arbitrage, Gridbot, Launchpad, and more.
Supports fiat currency
Deposits can be made via bank account, debit card, or credit card, as well as fiat currencies. Compatible with: There is also testnet, and you can start with a demo. Before making large trades, it is recommended that you first become familiar with various trades online.
USD/JPY/EUR/GBP/NGN/PHP/IDR/EGP/UZS/CAD/MYR/BRL/RUB/INR/TRY/KZT/AED/CNY/HKD/ZAR/PLN/ARS/UAH/PGK/XOF/KES/PKR/GHS/UAH/THB/TWD/XAF/PLN/MXN/COP
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