In this post we are going to see how you can withdraw your money from gate.io to your bank account step by step.
For this, I will use two platforms, binance and gate.io. If you don’t have an account with either of these platforms, in the description you will be able to find the links to create your account and follow the steps.
We will use binance to withdraw the cryptocurrencies to our bank account, as gate.io does not yet have this option. So first, we must send our cryptocurrencies from gate.io to binance, and then withdraw them from binance to our bank account.
My recommendation is to use usdt or tether, although you can use any cryptocurrency. In my case and in this example, we will use USDT to withdraw them to our account. The first step is to transfer the cryptocurrencies to usdt with the amount you want to withdraw.
With the usdt in the account, we go to spot account, and click on withdraw.
Here, as you can see, we are recommended to use the tron network, trc-20, since it is the most economical and is the one we will use. In chain, we indicate tron/trc-20.
In adress, we will have to copy the binance tether address. To do this, we will go to wallet, spot wallet, and search for USDT. Here, click on deposit, and check the tron-trc-20 network.
Now copy the address, and paste it into gate.io. Now it only remains to indicate the amount we want to withdraw, with a minimum of $70 at this point. As you can see, the commission is less than 1 dollar. All that remains is to enter the passwords and the verification code from your email, and you will have already withdrawn the funds to binance. Remember to indicate the tron network, trc-20 in both gate.io and binance when you copy the address to avoid errors.
The operation is the same if you want to withdraw funds to your metamask or trustwallet wallet, but always make sure you enter the correct network.
After a few minutes, the USDT should appear in our binance balance.
Remember that if you don’t have a binance or gate.io account, you can create one just below.
Withdraw cryptocurrencies from gate.io
With the usdt in our binance account, the next step is to exchange it for your currency, in my case euros.
To do this, we will go to markets, fiat markets and look for the euro/usdt pair or the one of your currency. Here, we will go to buy, and exchange the usdt for euros or the currency you want. Indicate the amount you want to withdraw, and click on buy eur.
Now we go back to the main panel, and check that we have euros or the currency we have exchanged. If so, click on withdraw. Here, we go to fiat and select our currency, and the way we want to withdraw the funds. Either by credit card with a 1% commission, but it arrives instantly, or by bank transfer with a 0.80€ commission. Indicate the amount you want to withdraw and click on continue. If you have used the bank card, you will be able to see the balance directly in your bank account.
I hope this has helped you to withdraw your funds from gate.io to your bank account. In case you don’t have an account with either of the two exchanges, you can create your account with the links you will find in the description.