Step 1: Log in to your Gate.io account. Go to "Trade" - "Margin Trading". You can either choose "standard" or "professional" version. This tutorial uses standard version.
Step 2: Search and enter the pair you want to trade (GT/USDT as an example here). Click on "Cross Margin" below the candlestick chart.
Step 3: Click on "Funds transfer" and proceed as follows
① Determine the transfer direction
② Select the coin to be transferred
③ Enter the volume of the transaction
④ Click on "Transfer Now"
Step 4: Click on "Get loan" to borrow loans. Select the currency you want to borrow. Enter the amount. Then confirm borrowing the loan. Click on "see more information on market rates" to view more information on all borrowable currencies.
Step 5: Choose from "buy" and "sell" according to which currency you have borrowed. Set buying/selling prices and buying/selling amount (or exchange total). You can also click on the last prices on the order book to set the buying/selling price conveniently. Then click on "Buy"/"Sell".
(Note: The percentages under the "Amount" box refer to certain percentages of the account balance.)
Step 6: Confirm the price and amount. Then click on "Confirm Order" and enter your fund password.
Step 7: After successfully placing an order, you will be able to view it in "My Orders" at the bottom of the page. You can also cancel the order here by clicking on "Cancel".
Step 8: If you want to repay the loan, click on "Repay" and proceed as follows:
① Select the currency you want to repay
② Check the cumulative loans, cumulative interest, principal and interest.
③ Decide if you want to repay the full loan. If you only intend to pay off a part of the loan, enter the amount you want to repay in the box.
④ Check if every box is filled in correctly and click on "Confirm & Repay"