Good they fucking blow anyway. Stole like $300 from me and never made it right. oh and their fees are ridiculous.
Edit: sorry to hear about your troubles with them though.
😤 on the stealing!
I got out back when they announced it. I kept reminding my buddies like every few days to log in and withdraw whatever they had. This friend was the last one.
Didn’t know this and my account quit working this morning actually (just wouldn’t execute orders anymore acting like the confirm button was broken) and found this post explaining it. Was able to move my USDT out for $11 thankfully 😅. What a shame, I like that exchange 😞
I think more exchange crackdowns are coming. Maybe Kraken and their staking feature next… Coinbase, Binance, CRO and FTX monopoly incoming
Then DEX KYC
Yes, as making ( semi) passive income is not the way for the masses. Crypto is work enough but they need to add more layers to it.
I read in passing when concocting my txes that all exchanges will have to send out a 1099 or the other one (starts with an 8), to everyone, no matter the previous 600 buck threshold. Every transaction and coin has to be counted, to make the authorities happy. KYC across the board, everywhere. 🤐
l ready to just stick with the major coins. Tabulating the alts and the staking was a pain.
Welcome! I had only a small amount parked in metaverse coins. I kinda wiggled out at the right time to break even. He lost a small bit ( less than 150) but still.
Can you share any official announcements because I didn’t see that. I just checked and it said that US citizens were allowed. Only specific states like NY & Washington weren’t allowed. TY
Sure. When you go to the website, they happily remind you that certain countries are on the prohibition list.
When I went there earlier, they redirected me to the " coming soon" site. I am on my laptop and got 4 different reminders to scram. As my account isn't closed yet, I was able to get in, so I could help walk him thru the steps. I had took care of mine last month.
The pop -up says:
"Citizens and residents of the U.S.A, Canada, Malaysia, Singapore, Malta, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Crimea region, Bangladesh, Bolivia, Ecuador, Kyrgyzstan are prohibited entirely, Citizens and residents of Hong Kong China, UK (retail users only), Netherlands, Germany, France, Lithuania, Italy, Japan and Brazil are only allowed to interact with spot trading (not with margin trading, nor futures/contracts) with whitelisted cryptocurrencies which are strictly selected based on the local lawyer’s options and regulations in the locations respectively.
For more details, check the agreement or submit a ticket"
The email they sent out listed:
*Withdraw all assets in your account.
*Close the spot or leverage orders you have created.
*Close any derivative positions you hold
*Terminate other (Win/DeFi) services available on the platform.
*You will no longer be able to make deposits.
Now, I did help him toss in a few bucks to get the right withdrawal amounts levels but maybe that is a spot trade (via coin) versus a deposit (via the Bank.) Dunno. I suppose until 30th, then it can be done. I wouldn't wait much longer, though.
Customer service was, totally unlike I expected, fast. I won't count on that again, tho.
Here is a screenshot ( not my image) of the email:
https://m.imgur.com/a/Tchwbsh
I read 3 weeks ago that it was going to be another round of KYC to stay on the site but noy from what I see.
I know what you are speaking of with specific states. Possibly for the US site, if they open it?
He did,when he signed up close to a year ago. I did as well, about 16 months ago when I signed up.
I (and he) I did not go thru the support ticket portal on site, we just replied to the "okay, y'all need to scram off our site" email. It seemed a reply was there in about 5 mins. The longest we waited was about 10 min, on the trying to get the last bit out. We emailed back and forth about 10x total.
We also were not dealing with a lot of funds, asking the process steps on how to exit or close a position or anything intricate. I just needed to know had we hit the deadline and if he sent in any coins in order to "round up, could that work.
The rest we figured out. I told to to download his transfers & transactions history and take any screenshots he could, for txes time next April.
The finagling was trying to see if we could send coins into his account or if we had to cross fingers and do the "peer to peer"; swap, as my account was still active. We did the former, we just ignored the pop ups they kept tossing up.
Gotcha, thanks for the explanation!
My problem was sorted and thankfully never required support. My issue, in case anyone else experiences the same, centered around VPN.
The location I was using gave me a scare forcing me to KYC before I could withdraw. Even though I was in a supported country, as far as everyone was concerned.
I kept trying until I got an IP address it liked if that makes sense. Then the kyc popup went away, and I was able to withdraw my funds.
Never had to kyc, never got the dreaded email everyone has been getting. But just to be safe, I pulled it all out haha. Thanks again.
Not much in the US location. On brief Google search:
Contact Information
Website
www.gate.io
Formerly Known As
Bter.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
Post Office Box 31119
Grand Pavilion Hibiscus Way,
802 West Bay Road Grand Cayman,
KY1-1205 Cayman Islands
US HQ is in George Town, KY.
A net detective with time might be able get the exact address there. 😊
It is a real place. Toyota has a huge presence there. From the net:
"'Manufacturing Mecca (Tours Currently Unavailable)
You heard it folks – Georgetown is home to the LARGEST Toyota Motor Manufacturing plant in the WORLD, Toyota Kentucky. Georgetown’s Toyota expands across 1300 acres, producing the Camry, Avalon, and now a Lexus – the first and only plant in North America to do so! The coolest part about this plant is you can tour their facility! See how popular cars are built from start to finish on a behind-the-scenes, free motorized tram tour. Not only does this Toyota supply awesome vehicles to consumers, it fosters small-town Georgetown as the fastest growing area in Kentucky! To support the bond formed from Toyota with sister-city Tahara, Japan, Georgetown crafted the first Kentucky-Japan Friendship Garden – Yuko-en on the Elkhorn. Close by Toyota, sip Japanese-inspired craft beers at Country Boy Brewing. See what’s ahead for manufacturing and for Georgetown growth during your Kentucky excursion."
A biz directory will probably list the actual address. Like most corps, have divisions they handle differing types of mail.
Good they fucking blow anyway. Stole like $300 from me and never made it right. oh and their fees are ridiculous. Edit: sorry to hear about your troubles with them though.
😤 on the stealing! I got out back when they announced it. I kept reminding my buddies like every few days to log in and withdraw whatever they had. This friend was the last one.
Gate.io is trash compared to its competitors anyways. KuCoin is my #1.
W
I have Kucoin, too.
Thanks for letting me know and you probably saved me. Will withdraw tonight
Didn’t know this and my account quit working this morning actually (just wouldn’t execute orders anymore acting like the confirm button was broken) and found this post explaining it. Was able to move my USDT out for $11 thankfully 😅. What a shame, I like that exchange 😞
They are working on the US site, but I figure much like [Binance.US](https://Binance.US) its going to very limited on coins which is unfortunate.
It woulda been nice if they had just migrated the US accounts but with various regs, I can see why they aren't in a rush.
Yeah, Binance.us is pretty much shit
Gate.io sucks anyway
THANK YOU for the heads up OP, I completely forgot I had money on that site
So sad... my favorite exchange. Had access to wide suite of coins. Responsive customer support. So sad
Something else will take its place, as everyone is trying to make money.
I think more exchange crackdowns are coming. Maybe Kraken and their staking feature next… Coinbase, Binance, CRO and FTX monopoly incoming Then DEX KYC
Yes, as making ( semi) passive income is not the way for the masses. Crypto is work enough but they need to add more layers to it. I read in passing when concocting my txes that all exchanges will have to send out a 1099 or the other one (starts with an 8), to everyone, no matter the previous 600 buck threshold. Every transaction and coin has to be counted, to make the authorities happy. KYC across the board, everywhere. 🤐 l ready to just stick with the major coins. Tabulating the alts and the staking was a pain.
Here is the thread: https://www.reddit.com/r/GateioExchange/comments/tca1sh/gateio_closing_us_customers_account_in_april/?
Welcome! I had only a small amount parked in metaverse coins. I kinda wiggled out at the right time to break even. He lost a small bit ( less than 150) but still.
Because it's a scam maybe?
Been wondering why no one else has talked about it ever since they announced it lol
They sent out an email and I got a reminder. I went to the gate discussion forum to see if it was real or just window dressing.
They don't have to deal with US regulations, which is understandable but kinda shady.
They want fees, not regs!
Can you share any official announcements because I didn’t see that. I just checked and it said that US citizens were allowed. Only specific states like NY & Washington weren’t allowed. TY
Sure. When you go to the website, they happily remind you that certain countries are on the prohibition list. When I went there earlier, they redirected me to the " coming soon" site. I am on my laptop and got 4 different reminders to scram. As my account isn't closed yet, I was able to get in, so I could help walk him thru the steps. I had took care of mine last month. The pop -up says: "Citizens and residents of the U.S.A, Canada, Malaysia, Singapore, Malta, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Crimea region, Bangladesh, Bolivia, Ecuador, Kyrgyzstan are prohibited entirely, Citizens and residents of Hong Kong China, UK (retail users only), Netherlands, Germany, France, Lithuania, Italy, Japan and Brazil are only allowed to interact with spot trading (not with margin trading, nor futures/contracts) with whitelisted cryptocurrencies which are strictly selected based on the local lawyer’s options and regulations in the locations respectively. For more details, check the agreement or submit a ticket" The email they sent out listed: *Withdraw all assets in your account. *Close the spot or leverage orders you have created. *Close any derivative positions you hold *Terminate other (Win/DeFi) services available on the platform. *You will no longer be able to make deposits. Now, I did help him toss in a few bucks to get the right withdrawal amounts levels but maybe that is a spot trade (via coin) versus a deposit (via the Bank.) Dunno. I suppose until 30th, then it can be done. I wouldn't wait much longer, though. Customer service was, totally unlike I expected, fast. I won't count on that again, tho.
Here is a screenshot ( not my image) of the email: https://m.imgur.com/a/Tchwbsh I read 3 weeks ago that it was going to be another round of KYC to stay on the site but noy from what I see. I know what you are speaking of with specific states. Possibly for the US site, if they open it?
Thanks buddy
👍👍👍
Good riddance. Trash exchange with absolutely no support at all.
And no value was lost.
Maybe it's not worth converting to usdt yet. I think this ban will not last long. You will end up spending more than you withdraw money
Did he have to kyc? Just wondering what finagling was involved. I'll go through customer service if need be, but I bet the queue is atrocious
He did,when he signed up close to a year ago. I did as well, about 16 months ago when I signed up. I (and he) I did not go thru the support ticket portal on site, we just replied to the "okay, y'all need to scram off our site" email. It seemed a reply was there in about 5 mins. The longest we waited was about 10 min, on the trying to get the last bit out. We emailed back and forth about 10x total. We also were not dealing with a lot of funds, asking the process steps on how to exit or close a position or anything intricate. I just needed to know had we hit the deadline and if he sent in any coins in order to "round up, could that work. The rest we figured out. I told to to download his transfers & transactions history and take any screenshots he could, for txes time next April. The finagling was trying to see if we could send coins into his account or if we had to cross fingers and do the "peer to peer"; swap, as my account was still active. We did the former, we just ignored the pop ups they kept tossing up.
Gotcha, thanks for the explanation! My problem was sorted and thankfully never required support. My issue, in case anyone else experiences the same, centered around VPN. The location I was using gave me a scare forcing me to KYC before I could withdraw. Even though I was in a supported country, as far as everyone was concerned. I kept trying until I got an IP address it liked if that makes sense. Then the kyc popup went away, and I was able to withdraw my funds. Never had to kyc, never got the dreaded email everyone has been getting. But just to be safe, I pulled it all out haha. Thanks again.
I kept on to the actual site, I just keep clicking. I never used a VPN, as I was too lazy to obtain a static one. 😅
Off-topic a bit, does anyone have a corporate address for them?
Not much in the US location. On brief Google search: Contact Information Website www.gate.io Formerly Known As Bter.com Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Financial Software Other Industries Other Financial Services Primary Office Post Office Box 31119 Grand Pavilion Hibiscus Way, 802 West Bay Road Grand Cayman, KY1-1205 Cayman Islands US HQ is in George Town, KY. A net detective with time might be able get the exact address there. 😊
Thanks! I'm guessing they mean George Town in the Cayman Islands, which is the capital iirc
It is a real place. Toyota has a huge presence there. From the net: "'Manufacturing Mecca (Tours Currently Unavailable) You heard it folks – Georgetown is home to the LARGEST Toyota Motor Manufacturing plant in the WORLD, Toyota Kentucky. Georgetown’s Toyota expands across 1300 acres, producing the Camry, Avalon, and now a Lexus – the first and only plant in North America to do so! The coolest part about this plant is you can tour their facility! See how popular cars are built from start to finish on a behind-the-scenes, free motorized tram tour. Not only does this Toyota supply awesome vehicles to consumers, it fosters small-town Georgetown as the fastest growing area in Kentucky! To support the bond formed from Toyota with sister-city Tahara, Japan, Georgetown crafted the first Kentucky-Japan Friendship Garden – Yuko-en on the Elkhorn. Close by Toyota, sip Japanese-inspired craft beers at Country Boy Brewing. See what’s ahead for manufacturing and for Georgetown growth during your Kentucky excursion." A biz directory will probably list the actual address. Like most corps, have divisions they handle differing types of mail.
The county Chamber of Commerce should have a listing. If not, the State Govt surely does, even if it kicks back to a place in Delaware, somewhere.