Is Gate.io exchange legit?

[Weider]

Hi guys. Do you have any experience with this exchange? Is it legit? Thank you.

[1713881983]

1713881983

[1713881983]

1713881983

[1713881983]

1713881983

[nydiacaskey01]

I was looking for the same topic of discussion about this site Gate.io I found this thread and another thread accusing Gate.io as the previous bter.com and theres a scam accusation about this gate.io that can be found here https://bitcointalk.org/index.php?topic=1605244.0

The site layout looks nice and I see posts from different traders claiming that they have an account in gate.io. I don't want to kane any deposits yet until I read a good feedback about this site, specially since tehres an open scam accusation about both bter.com and gate.io

[UAE Seasider]

I am not using it yet myself as I have plenty of other options, however my top coin Centra listed on there a few weeks ago, and whilst the volumes are still light compared to other exchanges they see to be doing a decent volume agaisnt Tether.

[Tone147]

If you want to do the exchange of altcoin tokens, try to do some big trading sites, such as bittrex, polonie, and so on

[Futurm]

This is perfectly legal, but the gate site used to be a Chinese trading platform called Bter, now called gate, and I suggest you go to binance.

[Weider]

I use it yesterday anyway, before anybody respond here. I need it to buy Streamr Data coin ASAP and that's one of the few exchanges where they have it. Streamr have low liquidy and soon will be listed on hitBTC - need to have before that!

[FleurTunisienne]

I use it yesterday anyway, before anybody respond here. I need it to buy Streamr Data coin ASAP and that's one of the few exchanges where they have it. Streamr have low liquidy and soon will be listed on hitBTC - need to have before that!

In order to avoid complexities with gate.io which is have a bad reputation like mentioned in an accusation thread above, you can gently ask traders in the trade sections of the forum and by whatever you want. It's may be risky and you will need an escrow for medium/big transactions but it's safer than sending your coins to a strange place.

[rhyoanime]

is this a new exchanger? I never heard of it before. maybe you need to find out about an exchanger before trying to deposit bro.

[JohnDoe3490]

I don't have any information on it other than it is really easy to get coins onto their exchanges. I don't really trust the reviews right now since it could all be shills for all we know.

[rhyoanime]

This is perfectly legal, but the gate site used to be a Chinese trading platform called Bter, now called gate, and I suggest you go to binance.

well maybe binance is much better than gate, i also suggest you to play trading there. because I myself have tried and the volume of the market in the bin includes quite large,

[conkeconke]

Hi guys. Do you have any experience with this exchange? Is it legit? Thank you.

Stick with the top exchange and don't go to some shady site even with low fees or similar.

[FallingKnife]

Stay far away from Gate.io

https://bitcointalk.org/index.php?topic=2766621.msg28258802#msg28258802

Not a legit exchange.

[crairezx20]

Stay far away from Gate.io

https://bitcointalk.org/index.php?topic=2766621.msg28258802#msg28258802

Not a legit exchange.

Any proof that gate.io is not legit i was planning to make account in gateio but i found some article that gateio is old bter.com with scam history before..
I just wondering if ever i deposit there i'll experience of pending transaction or never sent transaction like the other trading site..
But according to other people here and some article gate.io is legit and they are still trading in that site..

[Apekool]

Stay far away from Gate.io

https://bitcointalk.org/index.php?topic=2766621.msg28258802#msg28258802

Not a legit exchange.

Any proof that gate.io is not legit i was planning to make account in gateio but i found some article that gateio is old bter.com with scam history before..
I just wondering if ever i deposit there i'll experience of pending transaction or never sent transaction like the other trading site..
But according to other people here and some article gate.io is legit and they are still trading in that site..

The user who posted this withdrew his post.

There are strange things on Gate.io. Huge whales just go from coin to coin, fixing the price with huge amounts of coins in the orderbook, and then pick off the small amounts in between. It's a small exchange so it doesn't take much compared to Binance to do this. I'm following one now and put a small amount of coins 1 decimal below the price to which he is going to move the coin. He might just leave so I'm not sure if it works.

That method is probably best at a coin that currently holds a stable price.

Sounds a bit vague, I'll make some screenshots if it happens.

[Apekool]

Rofl I have always been using Gate.io exchange without complaints, but lately there's concerning things happening. I'm not sure what to make of this, but it almost seems like some of the largest users / whales run the place, the trading and the exchange I mean.

QSP is being farmed for some days now. Here:

cap made 1-2 days ago


That small amount next to the green arrow is the only sell order not made by the same user. And in the trade history is one.

cap made 10-20 minutes ago



Everyone's lucky number is 0.011 this week. And someone doesn't need sleep? This happens more often at this exchange, and it's way passed the rate of coincidence. All buy and sell orders you see in the above cap are the same user. It's so obvious, everyone is avoiding QSP now there, except for buyers who then withdraw QSP to wallet. Because if you go buy and hold QSP there, looking for a short-term profit, you will end up selling it >1ct lower, or you will have to buy through that entire order listing of him and become the next boss of QSP at Gate.io (wouldn't surprise me if at some point your account gets locked then)

Dozens of examples like this. Might be that someone on the inside turns a blind eye, because they couldn't have missed this for so long a time.

[Didin]

never use this exchange,
but, better you use a large volume exchange like bittrex and binance
because low trading volume in exchange is too risky,

[Apekool]

Here is one of the wallet addresses used to transfer the QSP from/to Gate.io. It's used for QSP only, and coincides with the activity and quantity of Gate.io QSP trading.

https://etherscan.io/address/0x5472de2989f56c790b1052bb097a45e5bb0dfd3e

[choychifung]

go delete Gate.io now.

[Apekool]

Is there any useful tool to dig in the Ethereum blockchain / transaction history?

Besides doing that manually

[Apekool]

Located many more wallet addresses involved. Addressed this to Binance in an ongoing support ticket filed previously about withdrawal issues. Ticket got closed after the withdrawal issue was solved.

Hello,

Thank you for contacting customer support.

We are closing this ticket because we believe you no longer need attention for this issue.

Please let us know if you do have any further questions or issues related to this or anything else with our service.

Thank you for your continued patronage.

A misunderstanding probably(?). Filing a separate one for this QSP thing. Will update later.

Hope the tokens will not have been moved by then. The tokens are currently accumulating in several ether wallets. It becomes more difficult to track in time however. Just one account holds almost half a million tokens, to give an impression of the volume. The rate by which the tokens are accumulating implies that this is going on longer than the timespawn previously posted. The scale and 24/7 presence implies more than one individual being involved, and/or an automatic mechanism / bot providing support.

edit: filed a ticket @ QSP website as well (<1 day)