Gatecoin exchange resumes accepting deposits in USD

The popular Hong Kong exchange Gatecoin has announced the full restoration of the possibility of depositing funds in us dollars. The option is available to all clients without exception and without any restrictions.

Update on USD bank transfers (03 April 2018)

In the second half of 2017, Gatecoin, as well as a number of other local cryptocurrency companies, faced problems with Bank transfers, after several financial institutions without explanation began to freeze their accounts.

Gatecoin announced the beginning of a phased resumption of the possibility of making deposits in United States dollars in February, but the process was subject to certain restrictions. Thus, this option was available only to verified users with accounts in Hong Kong banks.

In addition, in order to avoid additional load on the system, the size of deposits was limited to the amount of $25,000 per day per user.

As of today, these restrictions are removed, but the exchange recommends at the initial stage to limit deposits in the amount of $50,000 per transaction. In addition, users may be required to submit supporting documents.

The exchange also reports that the withdrawal process is close to a full resumption.

We will remind, earlier this week it became known about the plans to open a cryptocurrency exchange based in Antigua and Barbuda.
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