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Gatecoin

4.1 from 9 votes
Hong Kong

Fees

Taker fee

0.35%

Maker fee

0.25%

Withdrawal fee

0.0006

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted

Exception(s):

  • Arizona
  • California
  • Maine
  • North Carolina
  • New York
  • South Dakota
  • West Virginia
  • Wyoming

Gatecoin Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Gatecoin consists of four parts: general information, fees, deposit methods and security.

General Information

Gatecoin is a cryptocurrency exchange registered in Hong Kong. There are loads of coin exchanges from Hong Kong. Hong Kong is in a way the Mecca of cryptocurrency trading. A non-exhaustive list of competitors to this exchange on its home turf is Binance, Bit-Z, KuCoin, BitFlip and CoinEx Market.

Through its trading platform, investors can invest in a wide variety of cryptocurrencies and blockchain tokens. Clients can fund their accounts with HKD, USD or EUR. The platform also has a functionality through which verified users can directly participate in token presales. These normally run before official token generation events (TGEs). Exclusive discounts are also available to Gatecoin’s users participating in token presales and TGEs.

US-investors are permitted with the following exceptions. You may not trade at Gatecoin if you are from any of the following states:

Arizona;

California;

Maine;

New York;

North Carolina;

South Dakota;

West Virginia; and

Wyoming.

So, if you are from any of the above states, you can’t trade at Gatecoin. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder here to find out which alternatives you have.

Gatecoin Fees

Gatecoin Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers that because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

This cryptocurrency exchange site’s trading fees for takers are 0.35%. Gatecoin does however offer a discount for makers, thus promoting the liquidity at the exchange. Makers pay 0.25%.

Gatecoin Withdrawal fees

Gatecoin charges a withdrawal fee amounting to 0.0006 BTC when you withdraw BTC. This fee is below the industry average and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.

Deposit Methods

Gatecoin offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.

Security

Gatecoin’s security score is D+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

***

If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

Gatecoin compared with other cryptocurrency exchanges
Cryptowisser – Your Trading Cryptocurrency Guide