[Gate.io: For Beginners] Classic Account and Portfolio Margin Account How to Transfer Funds

Gate.io has recently created a new account type, the Portfolio Margin Account, which is a comprehensive account. If you open a new account, you will be able to use both the old classic account and the portfolio account. So what is the difference between the two

[Gate.io: For Beginners] How to register, how to open a free account, how to verify your identity (KYC), and how to use the virtual currency exchange

In order to actually use Gate.io, you have to register. However, registration is very easy and can be done in no time as long as you have an email address. When actually using it, it is very preferable to complete the identity verification. Once you have done this, you will be able to trade, deposit and withdraw without restrictions.

www.cryptonftasia.com

2023.05.27

About Gate.io features and functions

Gate.io is one of the most popular cryptocurrency exchanges around the world. Many institutional investors participate and there is also a VIP program. The fees are also somewhat low and there are many traders. There is also a point system, which can be used like money within the exchange. Additionally, there is a chat room function where users can exchange opinions with each other. It is also very secure and has two-factor authentication.

Easy to buy and sell

Buying and selling virtual currency (bitcoin) is very easy. Withdrawals are in virtual currency, and deposits are in legal currency, remittance by scanning a virtual currency QR code, credit card, P2P, etc. API functions are also available. It can also be operated using a mobile app or web browser. There are portfolio and classic accounts, and you can also make transfers.

Wide variety of transaction formats

Gate.io allows a wide variety of transactions such as spot trading, futures trading (derivatives), grid bots, ETFs, margin trading, liquidity mining, etc. We handle major altcoins such as BTC, ETH, USDT, and DOGE. Earnings history is available for download. You can start trading cryptocurrencies in real time on the market.

Lots of events

Gate.io has a lot of bonuses and campaigns, and there are startup events, and you can get airdrops of newly listed coins by holding gatetoken tokens. The latest information can be checked on the official website. There is also a testnet where you can do demo trading.

[Gate.io: For Beginners] Reputation, reviews, features, advantages and disadvantages, thorough explanation of virtual currency exchange safety

Gate.io will become one of the most well-known cryptocurrency exchanges in the world. Although the exchange was founded in China, it is now based in the Cayman Islands, which is very reassuring. As of 2023, the number of users of this exchange will exceed 10 million worldwide, and you can easily see that it is one of the largest exchanges in the world.

www.cryptonftasia.com

2023.05.27

classic account

A Classic account is an older account type. In this account, spot trading, leverage trading, copy trading, etc. are separated and independent, and fund management is separated in each transaction. Therefore, fund management adopts a form to manage in each transaction form. In other words, the funds for spot trading and the funds for leverage trading are managed separately, so funds transfer is required as necessary.

portfolio credit account

Portfolio Margin Accounts created by Gate.io in recent years are different from the classic accounts of the past. It is an account type where funds are shared between portfolio accounts and margins are shared without segregation of funds between accounts. Portfolio Margin Accounts now allow margin and futures trading, but are now margin-shared, eliminating the need for users to transfer funds between trades.

Classic and Portfolio Margin Accounts

The differences between Classic and Portfolio Margin accounts are: There aren’t that many differences. The big difference is that the Portfolio Margin account allows you to share funds within the account, while the Classic account does not. A portfolio credit account is also known as a combined account. In the general account model, the account margin and maintenance margin are calculated considering physical margin trading and futures as a whole. A portfolio credit account eliminates the need for troublesome account fund transfers.

Source : Gate.io

Fund transfer method

I will also explain how to manage the funds. You may also move from a Classic account to a Portfolio account or vice versa. Please log in first to transfer funds. From Wallet at the top, select Fund Transfer.

Source : Gate.io

You can go from a Classic account to a Portfolio account or vice versa. Select which account you want to transfer money from to which account. Then you can send money by selecting the currency and quantity.

Source : Gate.io