[Gate.io: For beginners] Creating additional accounts Sub accounts

Gate.io will be one of the cryptocurrency exchanges used by over 10 million users worldwide. Since there are many users, the strategy also varies depending on the user. Depending on the strategy, some users trade using multiple accounts. How can I have multiple accounts?

Owning multiple accounts

Gate.io does not allow multiple accounts. As mentioned in the article below, your account will be subject to suspension. In other words, it is a rule that the same person cannot create multiple accounts on Gate.io. However, it is worth noting that it is possible to have multiple accounts in another way instead.

[Gate.io: For Beginners] Prohibitions and Account Suspension and Freezing

Gate.io will become one of the most popular cryptocurrency exchanges in the world. This is why we have so many registered users. Under such circumstances, certain users may perform prohibited acts and their accounts may be suspended. I have summarized what kind of actions are prohibited as an article, so I hope you can refer to it.

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2023.05.28

Create a subaccount

So how can you add an account, there is a subaccount. You can create multiple accounts with one main account. This means that a user can only have one main account, but can create multiple sub-accounts from the main account.

Advantages and disadvantages of subaccounts

What are the advantages and disadvantages of users creating multiple accounts? In general:

merit

The advantage is that by creating multiple accounts, you can separate strategies for each account. One account is dedicated to long-term trading, and the other is dedicated to short-term trading. Gate.io also allows staking, etc., so it is worth creating a sub-account for users who have multiple strategies.

Demerit

The disadvantage of sub-accounts is that management becomes complicated. This is because you have multiple accounts, and multiple trades are being made, so you have to check from time to time what kind of trades you are doing with each account. It can be said that it is a strategy that is not recommended for those who feel that management is troublesome.

How to create a subaccount

To create a subaccount, you must first open a main account. Create an account first, as described in the article below. Creating an account is free and risk-free.

[Gate.io: For beginners] How to register How to open a free account and verify your identity (KYC) and how to operate

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.

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2023.05.27

After logging in, click the red mark to expand the menu and select a subaccount.

Source : Gate.io

It is possible to create a subaccount from the button on the upper right.

Source : Gate.io

You can create a sub account by selecting a username and account type. After creation, Google security verification or mobile phone number verification. After entering the corresponding verification code, click Confirm. After successfully creating a subaccount, you can check the created account on the subaccount management page.

Source : Gate.io

Subaccount assets

Sub-account assets can basically be transferred from the main account to the sub-account or from the sub-account to the main account. In other words, it is not possible to transfer assets between sub-accounts.

Subaccount restrictions

Please note that P2P transactions, fiat currency loans, point card remittances, and red packet functions cannot be used with sub-accounts. If you want to use these features, you must do so with your main account.