GateToken is an essential part of the GateChain blockchain. GateChain is a public blockchain that focuses on asset safety and aims to eliminate problems related to asset theft and private key losses. The GateToken is responsible for facilitating many services offered by the blockchain. The token is based on the Proof of Stake (POS) consensus mechanism offering its users rewards for staking it. Other uses include payment of transaction fees, voting for features on the Gate.io platform, accessing DeFi features, and trading discounts.
The GateChain provides innovative solutions to developers which makes GateToken a valuable coin to hold. The guide will help you purchase GateToken simply and securely.
How To Buy KuCoin Token In 4 Easy Steps?
The following steps will take you through the process of buying and storing your GateToken.
Step 1: Choose a Crypto Exchange Platform
To begin, select a crypto exchange platform where you can buy the coin. Before selecting a platform, you must ensure that the platform offers good security, ease of transaction, and most importantly, your preferred fiat currency or altcoin exchange pair. Once you analyse these factors, you may proceed with the platform for the purchase.
If you want to purchase GateToken with INR, you may choose to proceed with BitFinex. Other platforms like Hotcoin, HTX, and Gate.io provide valid exchange pairs for USDT (Tether), Ethereum, and Bitcoin.
Step 2: Register on any of the Platform
Once you select the platform, you must proceed to the registration process. The registration will require some personal details such as email address, residential address, and phone number along with a valid ID like a passport. The specific details vary with the platform, and it is advisable to verify the requirements before you start the process.
After you enter the details, the platform will require a few hours to verify your details. Once the verification is complete, your account will be ready to use for trade.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Your newly created account is now ready to trade. First, you will have to deposit funds to your account using one of the payment methods offered by the exchange which may include bank transfer, credit/debit cards and more.
Some platforms will allow you to use a fiat currency to buy GateToken. For example, BitFinex allows the use of INR for coin purchases. If a direct exchange is not an option, you may buy another available altcoin and trade it for the required GateToken. Common exchange pairs for GateToken are USD Tether, Ethereum and Bitcoin, offered by HTX, Gate.io and some other platforms. Before you begin the trade, analyse the exchange trends of the currency and make the trade at an appropriate time to maximise the amount of GateToken you obtain.
Step 4: Store the Cryptocurrency in a Wallet
With the purchase completed, you must transfer your GateToken to a wallet for added security. Go to the withdrawal section of your account and enter the public address of your wallet that supports GateToken. Complete the transaction by entering the amount of the token to be transferred.
Choose a wallet based on the features it offers. You may look for security features, easy user experience, customer support, community reviews and other such factors before the transaction. Wallets like Guarda, Atomic Wallet, Tangem, MetaMask, and Ledger are recommended to store your GateToken.
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Popular video guides on buying GateToken (GT)
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Where to buy GateToken (GT)
Bitfinex was founded in 2012 and was one of the first platforms built for crypto trading. The platform is geared toward experienced traders and professionals who want to manage their cryptocurrencies. It offers services like margin funding, over-the-counter (OTC) trading, spot trading, and many others.
Factsheet
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Operational Since: |
2012 |
|
Deposit Methods: |
Credit/Debit cards, Bank wire, Crypto, and Tether |
|
Deposit Fees: |
0.1% (Min 60 Euro/USD) for wire transfer and 0 for cryptocurrency |
|
Cryptos Listed: |
170+ |
|
Trading Fees: |
0.1% for the maker and 0.2% for the taker |
|
Fiat Currencies Supported: |
USD, EUR, JPY, TRY, GBP |
|
Trustworthiness: |
Safe and Reliable |
HTX (previously Huobi) was founded in 2013 by Leon Li to enable every person to achieve financial freedom using its platform. It offers many trading and financial services including research, incubation, spot trading, futures trading, trading bots, and more. By offering financial Web3 services to over 45 million registered users, HTX has gradually become one of the leading trading platforms in the world.
Factsheet
|
Operational Since: |
2013 |
|
Deposit Methods: |
Bank Transfer, Credit/Debit card transfer, P2P trading and Cryptocurrency |
|
Deposit Fees: |
Free |
|
Cryptos Listed: |
700+ |
|
Trading Fees: |
0.2% for both maker and taker |
|
Fiat Currencies Supported: |
ALL, AUD, BGN, BRL, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, KZT, MDL, MKD, NOK, NZD, PHP, PLN, RON, SAR, SEK, THB, TRY, UAH, USD, VND. |
|
Trustworthiness: |
Safe and reliable |
Gate.io was launched in 2013 as Bter.com but was later renamed after changes took place in its ownership. The platform boasts its safety and reliability, offering 24/7 customer support and a user-friendly platform along with a mobile app. In terms of daily trading volume, the platform consistently ranks amongst the top crypto exchange platforms in the world.
Factsheet
|
Operational Since: |
2013 |
|
Deposit Methods: |
Crypto Deposits, Gate Card, Bank Transfer, Credit/Debit Card |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
2100+ |
|
Trading Fees: |
0.2% per trade (Varies With VIP Level (from VIP 0 to VIP 16) |
|
Fiat Currencies Supported: |
15+ including USD, EUR, and GBP |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy GateToken With A Credit Or Debit Card?
You may purchase GateToken using credit or debit cards on BitFinex with INR. Enter the amount of GateToken you want and pay the amount in INR on the platform. Besides buying GateToken directly, you may purchase another altcoin such as Ethereum or Bitcoin and then exchange it for the desired token. Be sure to study the exchange rates before the transaction to make sure you get the best rate.
What Will You Need To Buy GateToken?
You will require the resources listed below to complete the process of buying GateToken
- An exchange platform: It will let you initiate the exchange for GateToken using a fiat currency or an altcoin. A valid ID like a driver’s license is necessary for registration on any platform. The platform will also help you make an informed trade with analysis and other services.
- Debit/Credit card: Depending on the payment options available on the exchange platform, you may require a debit or a credit card to make a purchase. The cards can be used to easily deposit money to your account from where GateToken can be purchased directly or with an exchange pair.
- Fiat Money: you must have access to a fiat currency to purchase the token if you don’t have another altcoin in your account. BitFinex offers an exchange with INR. For other exchanges, go through the policies to know about the supported fiat currencies.
- Crypto wallet: A crypto wallet is a safe storage for all your cryptocurrencies (including GateToken). Gatechain offers a wallet for Windows and MacOS. Other compatible wallets include Ledger, MetaMask, and Atomic Wallet. Research the wallet’s safety, reviews, and features before choosing one for your tokens.
- Primary Crypto: The platform you choose may not allow you to buy GateToken directly using fiat currency. In that case, you may use altcoins like Bitcoin, USDT (Tether), and USD Coin to trade them for GateToken. Study the exchange pairs offered on the platform to select a coin.
What Is The Easiest Way To Buy GateToken?
The easiest way to buy GateToken is to exchange it directly with fiat currency. Deposit the currency into your account and buy the coin. BitFinex is a platform that will let you make a direct purchase with INR. Transfer the purchased token immediately into your crypto wallet.
In case a direct purchase is not offered, the easy way is to buy an altcoin for which an exchange pair is offered. The altcoin can then be traded for GateToken based on the exchange ratio at that time.
Best Wallets To Store Your GateToken (GT)
Wallets are essential to keep tokens secure. To choose a wallet, compare the options based on your preferences and user reviews. Here is a list of popular wallets used for storing GateToken:
- Guarda: This wallet allows the users to buy, exchange and stake their cryptocurrencies. It allows users to access their wallets on multiple platforms along with 24/7 customer support.
- Atomic wallet: This wallet doesn’t require any registration for use. Services such as cashback and staking make it an exciting wallet to use.
- Tangem: It is a physical wallet that allows you to manage your cryptocurrencies. It offers several designs and ring versions as well.
