About Gatecoin

Gatecoin is an exchange dedicated to Bitcoin, Bitcoin Cash and Ethereum. It was launched in 2015 in Hong Kong and it was the first system to introduce ETH in an exchange.

Gatecoin works with bank accounts. It keeps user’s funds safe, known as Money Service Provider. In the event of a hack the company’s funds get hacked, they guarantee a refund.

Is Gatecoin secure?

Gatecoin assures users that it is a highly secure platform. It’s a decentralized and scalable exchange. As we mentioned above, they create different bank accounts divided from the company funds. So can’t lose your investment. This is due to legal regulation and partnerships with authorities. The Company is listed as a Money Service Provider.

What currencies does Gatecoin accept?

This platform has a very simple operating mechanism. Anyone who is a beginner can start trading. They can easily buy and sell Bitcoin, Bitcoin Cash and Ethereum.

The platform accepts major fiat currencies, such as USD, EUR, HKD, and CNY. In case you are not able to handle the process, there is a dedicated Support Team to help users at any time.

Can you use Gatecoin on mobile?

Sure. The platform is available on both desktop and mobile devices. The team behind this exchange claims they invest a lot in the interface, because it gives the first impression of their technology. Gatecoin has a user-friendly interface and is always improving its features to become more efficient.

Fee

Bitcoin and Ethereum buying and selling fees vary by transaction. For example, if you want to trade an amount less than 50 BTC, the creator pays 0.25% of the transaction and the receiver 0.35%.

If you trade more than 100 BTC or ETH, the creator pays 0.02% and the receiver pays 0.1% of the total amount of the transaction.

Transaction

The platform accepts trades made with a limited number of trading pairs. The most popular trading pairs are ETH/EUR, BTC/HKD, ETH/BTC and BTC/USD.

Due to high costs and sometimes problems, such as lack of currency information or lack of liquidity in some accepted trading pairs, many users become skeptical of the Gatecoin platform.

The platform tried to increase its user base in 2015 when it offered free transactions for a short period of time. But the results are not so good.

This platform is not too different from other platforms. Some of the advantages are that the platform has price charts that provide advanced data and a few charting features.

Pay

The only way you can deposit fiat currency into your account is through a bank transfer. Of course, they also ask for fees. There is no fee to send EUR. If you want to withdraw instead, you have to pay 5 euros for SEPA (European Union) and 0.5% of the transaction amount for other internationally accepted transactions (if the amount is above 50 EUR).

To deposit USD, there is a fee of 7 USD and when withdrawing, the cost will vary from bank to bank. To deposit with HKD, the default fee is HKD 50. To withdraw money, the fee is also equivalent to USD.

One disadvantage is that the accepted cryptocurrency trading pairs are quite limited.

Conclude

Gatecoin is an exchange based in Hong Kong. This platform allows you to sell, buy and send Bitcoin and Ethereum. Unfortunately, the exchange charges a high transaction fee.

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Via: TapchiBitcoin.vn/coindoo

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