Gate.io, a virtual currency exchange, also has a demo account user account, so we will explain how to use and register it. As the name suggests, a demo account trades with fictitious money, making it a highly recommended account type for beginners. You can participate in trading by opening an account, so if you are a beginner, give it a try.
What is Gate.io? About main functions and features
Gate.io is a globally well-known virtual currency exchange. Users can trade while receiving numerous bonuses and campaigns. The commission is about 0.15~0.2% for Maker/Taker, so it is not that expensive. Setting up funds transfer within the wallet is easy, and there are a wide variety of payment methods available, including legal currency (USD, EUR, GBP), credit card, virtual currency (Bitcoin), and P2P. It is possible to create multiple sub-accounts and adopt various trading strategies.
Full of security measures
It has the latest security measures and regulations, so you can trade very safely. You can set up two-factor authentication, so you can make transactions and checks with great peace of mind. It is used by professional individual investors all over the world. If the margin becomes negative, a zero cut will be applied.
Many trading methods
There are various trading methods such as futures trading, spot trading, ETFs, margin trading, and staking. You can use API functions, and you can also download earnings and historical status from the official page. You can trade from either your device’s mobile app or your PC’s web browser. It has its own platform and buying and selling transactions are easy. Separate margin and cross margin orders are also supported.
Many coins are handled
Gate.io has a wide variety of altcoins such as BTC, ETH, USDT, and EOS, and you can trade the largest number of types in the industry. It boasts the same level of satisfaction as bitget, okx, kucoin, and binance. There is also official page support for twitter, telegram and instagram.
Lots of events
There will be a startup event, and you can receive airdrops by holding GT tokens and purchasing newly listed coins. You can check the latest information summary on the official website. There are also bonuses, campaigns, and perks. There is also a community where you can exchange opinions. There is also a VIP rank for core users.
Many brands available
Gate.io has the largest selection of stocks worldwide in the industry. Since it is possible to trade products, the service is enriched. Live market access, spot and futures, grid and liquidity mining is provided. The latest official news from brokers is posted on media such as blogs and SNS, which is useful.
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, 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, xrp, solana, dogecoin, 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.
Also compatible with fiat currencies
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
What is a demo account?
A demo account is a trading account that uses fictitious money provided by a broker instead of your own funds. In other words, even if you lose or make a profit, you won’t gain or lose. Since there is no need to prepare your own funds, there is no risk, so it is a practice account type. Demo trading is highly recommended for beginners because you can experience trading in the same environment as real trading.
Open an account for free
Official demo accounts basically cost no money. You can practice trading for free, so you can practice easily. The steps are to log in to the service, select the virtual currency from the screen, confirm, and click to complete the order with the price immediately. You can trade not only with a browser but also with an app from a smartphone such as Android/IOS. Cryptocurrency products can be traded now with perpetual contracts.
Beginners
Even if the balance decreases when trading with a demo account, you will not lose or increase the amount. It cannot be exchanged for cash either. This account type is highly recommended for beginners who are not yet familiar with trading. Also, when you have time, access news and media on the web to gather information and use it as a reference when making purchases. It’s a major company and has very good security and management, so you can rest assured.
Difference between demo account and real account
A demo account is very different from a real account.
real money
For real accounts you use your real money, but for demo accounts you use fictitious money. This will make a huge difference in human psychology. Therefore, many people think that they cannot practice at all unless they trade with a real account.
Can’t feel the market psychology
Real trade uses your own funds to trade, so you can see price movements due to investor psychology, but you can’t experience it with demo account trade. Demo accounts tend to be more mechanical than real trades.
Market impact
In real trading, the contents of trades other than yourself affect the exchange rate. On the other hand, demo trading does not affect the actual exchange rate even if the trading volume is large. In other words, no matter how much you win in a demo trade, the price movement is often different from the actual trade.
It’s not always possible to win in a real game
Since demo accounts involve the above factors, no matter how much you win, there is no guarantee that you can win with a real account. Therefore, the reality is that it is never good to trade with a demo account all the time.
How to join a demo account
In order to participate in a demo account, you must first open a free account online. Please refer to the article below for information on opening an account on the official website. Since there is no real money involved, you can easily start trading even if you are an individual or have no experience. There is a possibility of loss depending on the brand, but it will not hurt you.
After opening an account, there is a testnet server dedicated to demo accounts, so please contact the support center. If you ask a question, they will tell you the URL of the testnet server, so it would be a good idea to contact them. Our support center is available 24/7.
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