Gate.io cryptocurrency derivatives
What is Gate.io?
Gate.io has been on the market since 2017. It is aimed at traders from all over the world, so the exchange site supports more than 10 of the most popular languages.
The exchange stands out among other similar ones for its friendly interface, advanced service for clients and a large number of digital assets for trading. The site offers more than 350 cryptocurrency pairs for trading, among which you can find quite rare coins. Most commonly used assets: EOS / USDT, ETH / USDT, BTC / USDT, BCH / USDT, HT / USDT, GTC / USDT, LTC / USDT, ONT / USDT.
The exchange pleases with even low commission fees, the presence of a mobile application, a rather pleasant site design, and most importantly - a high level of security. The client is offered various protection options that will ensure the safety of funds.
Gate.io is essentially the successor to the Bter exchange, which ceased to exist after restrictions were imposed in China in 2017. At one time, the Bter exchange was regularly attacked by hackers and was even hacked several times. For example, in 2015, cybercriminals stole 7000 BTC from Bter accounts. There were no such incidents during Gate.io's days. The platform has eliminated all the flaws that were noticed on Bter and provides users with a reliable service.
What are crypto derivatives?
Derivatives are financial appliances such as: futures, forwards, options and swaps, used in transactions that are not directly related to the purchase and sale of tangible assets. Cryptocurrency derivatives are used to insure risks (hedging) and extract additional, speculative profits.
The price of a derivative and the nature of its change are usually closely related to the price of the underlying asset, but not necessarily the same.
Derivatives can be a useful tool for both investors and speculative traders.
There are several types of derivatives on the area. The table below shows the most effective ones:
|Futures||The contract for the sale and purchase of the underlying asset at the cost at the time of the agreement. The sale or purchase takes place in the future at a certain time. Futures work on exchanges.|
|Forward||Non-standard contract, OTC equivalent. The purchase and sale and conditions are determined between the buyer and the seller.|
|Option||The buyer has the right to complete the sale and purchase transaction, provided that he pays the seller a fee.|
What is crypto derivatives exchange?
Until a few years ago, cryptocurrency derivatives were considered something new in the market. Now you won't surprise anyone. All the leading platforms quickly realized that these instruments were the perspective of the cryptocurrency industry and began to actively include derivatives in their lists.
Therefore, now almost all sites that previously offered only the spot market offer derivatives to their clients. Nevertheless, the trading conditions and the list of tools may differ significantly.
How does cryptocurrency derivatives trading work?
Trading in derivatives, like any trade, has a number of advantages and disadvantages. Below are the main pros and cons of trading futures. This type of derivative is the most popular in the market.
|Cryptocurrency futures trading permits you to play against the market. You can make a profit both when the value of crypto assets rises and when they fall.||Volatility. High volatility does not necessarily play into the hands of traders. It is not always possible to accurately determine market movements.|
|Cryptocurrency futures provide the ability to leverage your capital. This is useful as traders gain substantial access to the asset by paying only a fraction of its cost. Therefore, leverage is considered the most attractive feature of futures trading.||High risk. Leverage makes cryptocurrency futures one of the most risky trading instruments. Novice traders should minimize futures trading and develop a robust risk management strategy.|
|Hedging opportunity. Futures are a great opportunity to hedge your portfolio.|
Thanks to cryptocurrency futures, traders gain access to digital currencies without having to own a real asset. This is one of the factors why derivatives have become so popular.
How to trade Gate.io derivatives in India
To start trading on Gate.io derivatives in India, you need to register on the platform. This is not a difficult process and we will look at it in detail below.
In general, it is worth noting that it is very convenient to trade on Gate.io derivatives in India. The platform offers a very user-friendly interface that can be easily mastered by a user who has previously worked on other exchanges. The platform also offers a fairly convenient terminal, which will be overwhelmed by an impressive number of settings.
How to register?
You can start the registration process on the Gate.io crypto derivatives trading platform by clicking the “Register” button in the upper right corner.
Registration takes place using e-mail. After filling in the required information, an activation email will be sent to your email address.
Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done, click on "Email activated, please sign in".
You can also register on the platform using the mobile application. The registration process vanishes and consists of the same stages.
It's worth noting that Gate.io mobile apps are very user-friendly. They are available in the official Google Play Store and AppStore. Applications are installed on the gadget in a standard way.
The programs are successfully adapted for mobile devices, they contain convenient drop-down menus, an intuitive interface and even analytics tools. Trading on Gate.io crypto derivatives in India via the mobile app is quite convenient. Your trading terminal will always be at your fingertips.
Gate.io has also developed a standalone PC application. You can download it from the official website. Web versions of the applications are available for Windows and Mac.
Gate.io derivatives trading platform actively cooperates with new ICO projects, therefore, AirDrops of tokens are regularly held on the site.
Information about listing new coins and tokens, swaps, updating or disabling wallets, deleting coins appears in the Announcements section. All key news are displayed on the home page.
After seven days after registration, users are given access to the chat. Rooms are available in different languages.
How to replenish a deposit?
It should be noted right away that the trading platform does not work directly with fiat money. Therefore, it is possible to replenish an account on the Gate.io derivatives trading platform only with cryptocurrency.
To deposit funds on the exchange, you need to go to the "Wallets" section - a page will open where all currencies that can be traded on Gate.io are listed.
Next, you need to do the following:
- We select the currency that we want to enter on the exchange.
- Opposite the selected currency, click on the red button "Deposit".
- We copy the wallet address generated especially for you (or read the QR code - it depends on which wallet you will be making the transfer from).
- We insert this address into the "Beneficiary's address" column in the wallet (or resource) from which you will transfer funds.
- Click "Send".
- We are waiting for the arrival of funds to the exchange.
Using only cryptocurrencies for deposits and withdrawals gives more freedom to use the trading platform. You can freely deposit and trade on Gate.io crypto derivatives in India or another country, as cryptocurrency payments are not tracked.
How to withdraw money?
To withdraw funds from the Gate.io exchange in the same "Wallets" section, opposite the currency selected for withdrawal, click on the green "Withdraw" button. Next, you will need to fill out a specific form and wait for the completion of the transfer.
Gate.io derivatives list
The list of available tools is very long. However, it is constantly changing. The platform regularly adds new altcoins. Therefore, it is better to familiarize yourself with the current list of instruments on the Gate.io derivatives trading website.
How does Gate.io crypto derivatives trading work?
To start trading on Gate.io cryptocurrency derivatives in India, you need to go to the "Trade" section on the main page. After that, you need to select the type of market and you will be redirected to the Gate.io cryptocurrency derivatives trading platform page.
Standard and limit orders are available on the platform.
Alternatives to Gate.io cryptocurrency derivatives
There is a lot of competition on the market now. Almost all leading exchanges have supplemented the spot market with the ability to trade cryptocurrency derivatives. Therefore, Gate.io crypto derivatives trading platform is not unique.
Nevertheless, this site has taken its own market niche and is quite popular among traders. Gate.io cryptocurrency derivatives trading platform gives you the ability to trade with a fairly large amount of coins.
Also a great function of checking interest in new coins before listing them is trading new coins for a while. If users have shown interest in a new coin, then it appears on the exchange on an ongoing basis, and if not, then it is simply deleted (and you can withdraw this coin from the exchange within a certain time after its removal).
In general, Gate.io is not much different from the leading exchanges in the cryptoindustry, there are many platforms with similar functionality. Whether or not to trade on Gate.io cryptocurrency derivatives in India is up to you.