What is Gateio Referral ID?
Gate.io is one of the cryptocurrency exchanges, a platform where users can trade various digital assets. The Gate.io referral ID is a unique identifier used when an existing user invites or recommends a new user as part of the referral program provided by the exchange.
Signing up using a referral ID is better than not applying it:
- Rewards: When new users sign up and start trading using their referral ID, existing users are rewarded. This reward usually comes in some form of compensation, including transaction fees. Thus, existing users can generate additional revenue through referrals.
- Network Expansion: Referral programs allow existing users to refer and attract new users. This increases the number of users on the exchange, and more people get to know the exchange.
- Community building: The referral program helps build community. It creates an atmosphere where existing users support and help new users.
- Marketing Effectiveness: Attracting new users using referral ID increases marketing effectiveness. This can attract new users in a more efficient and cost-effective way than traditional advertising.
However, there are some caveats to using referral IDs. Because some users may use referral IDs to sign up for misleading purposes or utilize referral programs in spammy ways, exchanges may set policies and restrictions to prevent such malicious behavior. Therefore, it is important to comply with the exchange’s policies and conditions when using the referral program.
How to get Gate.io fee discount
The various ways to receive fee discounts on the Gate.io exchange are as follows:
- Referral Program: If you are already a member of the Gate.io Exchange, you can refer other users and those users sign up using your referral ID, and the referral members can receive a partial or full discount on trading fees. This helps you attract new users, and you get a commission discount every time the user you refer makes a transaction.
- Discounts based on holding tokens: Some exchanges have programs that offer trading fee discounts to users who hold certain tokens. For example, the Gate.io exchange offers fee discounts to members who hold the flagship token, GT Token.
- Discounts based on trading volume: Exchanges sometimes operate programs that offer discounts on trading fees to users whose trading volume exceeds a certain level for a certain period of time. The higher your trading volume, the bigger discount you can get.
- VIP member benefits: Some exchanges operate a VIP tier system, whereby users are granted VIP tier by meeting certain conditions, and VIP members are entitled to lower trading fees. VIP status is usually determined by considering several factors, such as trading volume and holdings.
- Participation in events and promotions: Gate.io exchanges also hold time-limited events and promotions. By participating in these events, you may temporarily receive a discount on trading fees.
The above methods are some of the fee discount benefits generally provided by Gate.io Exchange. However, these benefits are subject to change according to the exchange’s policy, and please check the exchange’s official website or notice for details and conditions.
What is Gate.io Exchange?
Gate.io is a cryptocurrency exchange founded in 2017. Exchanges provide a platform for users to trade and store various digital assets. Users can trade various cryptocurrencies such as Bitcoin, Ethereum, and Ripple, and tokens of new projects are often listed.
The main features of Gate.io and why many people use it are as follows:
- Listing various cryptocurrencies: Gate.io is focusing on listing various cryptocurrencies. As a result, users can trade a variety of tokens, and new project tokens are quickly listed on the exchange, giving more investment opportunities.
- Leverage and Margin Trading: Gate.io is a platform that supports leveraged and margin trading. This allows users to make large-scale transactions with small amounts of money, which can earn high profits, but at the same time have high risks, so caution is required.
- User-friendly interface: The exchange provides a user-friendly interface to make trading easy and convenient. It is specially designed to be accessible to beginners.
- Security: The exchange pays attention to security and is committed to protecting the assets of its users. We provide security features such as two-factor authentication (2FA) to increase your account protection.
- Accessibility: Gate.io is accessible to users worldwide. Users from different countries can participate in the transaction, and thanks to language support and localized features, the diverse needs of users can be met.
- Referral Program: We also operate a referral program where users who are already members can refer others and receive rewards when they sign up using their referral ID.
For these reasons, many people prefer the Gate.io exchange, and the trading volume and number of users are continuously increasing. However, cryptocurrency trading is risky, so users should always make careful investment decisions and pay attention to security for safe transactions.
How to sign up for GateIO
We will explain the process of joining the Gate.io exchange by inserting a referral code. Below is a step-by-step explanation of the sequence:
- Exchange access: First, access the Gate.io exchange website through a web browser.
- Sign Up: When you access the main page, you will find a “Sign Up” or “Join Now” button in the upper right corner. Click the button to go to the membership registration page.
- Fill out the signup form: Fill in the information requested on the signup page. You are usually asked to enter personal information such as email address, password and nationality.
- Enter referral code: To apply the referral code, you must enter the referral code (or referral ID) in the registration form. This code can be obtained from a referral member (referral) or through a special event offered on the Internet.
- Registration completed: If you have filled out all information correctly and applied the referral code, click the “Sign Up” or “Join Now” button to complete membership registration.
- Email Confirmation: When registration is complete, you will receive a confirmation email from Gate.io Exchange to your registered email address. You will need to confirm your email to activate your account.
- Login: After confirming your email, you can log in to Gate.io Exchange. Enter your registered email and password and click the Login button.
You are now registered for the GateIO Exchange. After signing up, you can recommend friends or acquaintances through the referral program and provide a referral code to receive rewards for using the exchange. However, these programs are subject to change according to the exchange’s policy, and to apply the referral code, you must enter it accurately during the signup stage.
Gate.io transaction fee
Gate.io spot trading fees are as follows.
Gate.io spot trading fees are as follows.
A variety of trading types are available on the Gate.io exchange. The main transaction types and fee information for each transaction type are as follows:
- Spot Trading:
- Spot trading is the most common form of cryptocurrency trading, where you actually own and trade cryptocurrencies. Users can buy or sell various cryptocurrencies.
- The fee depends on the order’s trading volume and VIP tier, and usually starts at 0.2%. The higher the VIP level, the lower the fee. (The more trading volume you have, the higher your VIP level.)
- Futures Trading:
- Futures trading is a derivative trading that allows you to buy or sell a cryptocurrency at a point in the future. It is a method of signing a contract in advance and trading the cryptocurrency at a set time in the future.
- Fees for futures trading are different for market makers and takers, and in both cases, the fee is determined by the order’s trading volume and VIP level. Order fees are usually between 0.02% and 0.2%.
- Options Trading:
- Options trading is a derivatives trade that allows you to buy or sell cryptocurrencies at a predetermined price and time. Similar to futures trading, except you only have the right to trade at a specific price.
- Fees for options trading also vary between market makers and takers, and are determined by the order volume and VIP level. Order fees are usually between 0.02% and 0.2%.
Fee information is subject to change depending on market conditions and exchange policies, so it is important to check the latest fee information on the exchange website before proceeding with a transaction. In addition, since futures and options trading carry high risks, it is recommended that you fully understand the detailed trading methods and risks before trading.