Gate.io doesn't only offer many pairs to trade tether with, but also enables traders to choose various types of trading schemes that include margin trading and flash swap.

With the rising popularity of cryptocurrency and NFT trading, many applications and websites have started to provide crypto trading services. Some of them are good, while some of them are bad or even down-right scams. Some provide a TON of trading pairs, some limited their services to only popular cryptocurrencies.

Many new traders might be wondering about trusted and secure platforms to trade their coins while using niche cryptocurrencies like Tether (USDT). This article will review one of the top listed crypto trading platforms, Gate.io.

Trading Tether with Gate.io

 

Why Choose Gate.io to Trade Tether (USDT)?

Gate.io has delivered the best experience in selling and buying Tether (USDT) internationally since 2013. Until now, they offer up to 1600 token pairs and more than 1400 of them are paired with Tether (USDT). If you don't know what is pairs or pair trading in cryptocurrency, it is a strategy to exchange or trade two cryptocurrencies with each other.

While this strategy has been used in many futures trading, not all exchanges provide many crypto pairs to trade with. The most common trades using Tether (USDT) in Gate.io are the Bitcoin-Tether pair (BTC/USDT), Ethereum to Tether (ETH/USDT), and Gate coin to Tether (GT/USDT).

Tether (USDT) is one of the only four cryptocurrencies that can be bought by fiat currency in Gate.io. You can use a credit card or bank transfer to buy Tether (USDT). They also allow peer-to-peer (P2P) transactions to buy Tether (USDT). The peer-to-peer transaction is a feature where you can buy cryptocurrency from other people directly. To use this feature, there will be a 0.2% fee per transaction.

After buying your desired amount of Tether (USDT), you can store it in the Gate.io crypto wallet, the Wallet IO. It supports hundreds of mainstream coins. It uses added protections of 2FA and data synchronization for easy access across devices you use. Its open-source feature allows you to track your asset transparently and safely both on its website and application.

 

Featured Transactions Using Tether (USDT)

Since Tether (USDT) is one of the major cryptocurrencies used in Gate.io, it facilitates traders with any type of transaction using Tether (USDT). There are spot trading, margin and leveraged trading, push transactions, and flash swaps.

 

1. Spot Trading

Spot trading is the most common type of trading in cryptocurrency. You deposit a certain amount of money or tokens and then trade it with their paired cryptocurrency like usual. Novice traders are advised to do this type of trading as a starter to familiarize themself with how trading works. For spot trading, Gate.io charges a 0.2% fee for each transaction. This amount can be reduced if you use the Gate.io token, the GT Coin, to pay for the transaction.

 

2. Margin Trading and Leveraged Trading

These two types of trading involve borrowing money or otherwise increasing the volume involved in trade beyond what you could afford when paying in cash. The price in these two types of trading use derivatives as their base, thus fluctuation and volatility are so much higher than spot trading. It is very risky to trade using these two transactions if you are not experienced.

 

3. Push Transaction

This feature is introduced by Gate.io in 2021. A push transaction is a type of transaction/transfer of asset at a given price from one account to another just like a peer-to-peer transaction. This transaction requires both parties to login into their Gate.io account.

 

4. Flash Swap

Flash Swap transaction allows you to immediately change one currency with another with just one button. This is not a trading feature per se, but more like a way for traders to quickly exchange their owned crypto with other cryptos. Of course, there are some limitations to using this feature. The buying price is usually higher than the market price and the selling price is lower than usual. The good news is, you don't need to pay any fee when doing it.

 

Conclusion

As one of the most popular trading websites to trade crypto, Gate.io has a lot of things to offer, especially when you want to trade with Tether (USDT) as your main currency. Signing up with Gate.io provides you with many cryptocurrencies to trade against Tether (USDT), easy access across devices, and a secure wallet to store your asset. The platform also facilitates many transaction types to ensure you have the best experience trading with Tether.

 

Gate.io is known for its capabilities in providing various services related to cryptocurrencies. Not just trading, but also other features like periodic investment plan that you can learn thoroughly here.