Gate.io RBTC withdrawal issues [Case solved]

[Arrrvin]

I am happy to report that after two days of complaining with friendly admins, who cared enough to push the support team, and after a couple of publications such as this thread, Gate.io has adjusted the withdrawal settings. I have been succesful in withdrawing my RBTC!

The minimum is now 0.10005 RBTC (still a lot and actually too much) with a fee of 5.0E-5 RBTC.

Thanks to all responders for the support. It made me feel less alone in this matter.

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[Rikafip]

I am happy to report that after two days of complaining with friendly admins, who cared enough to push the support team, and after a couple of publications such as this thread, Gate.io has adjusted the withdrawal settings. I have been succesful in withdrawing my RBTC!

The minimum is now 0.10005 RBTC (still a lot and actually too much) with a fee of 5.0E-5 RBTC.

Thanks to all responders for the support. It made me feel less alone in this matter.

I am glad to hear that they decided to lower that minimum amount and that you managed to get our your money out of there! I still don't understand why the hell they enabled depositing RBTC if they don't plan to let people trade in the near future. I mean its one thing to enable deposits few days ahead of trading, but this is something completely different and doesn't make absolutely no sense to me.

[bL4nkcode]

I could sound dumb but what the fuck is an RBTC and how does it have the same value as BTC?  Is it not like any other Altcoin but just forked off bitcoin's network?

I don't know the exact wording but its like tokenized thing, like wrapped btc (kinda?) on eth blockchain and can be traded to some uniswap exchanges. Don't know also how it has almost the same value of btc.

I still don't understand why the hell they enabled depositing RBTC if they don't plan to let people trade in the near future. I mean its one thing to enable deposits few days ahead of trading, but this is something completely different and doesn't make absolutely no sense to me.

Obviously, to lure users and trap them like what OP experienced. Good thing it's now solved.

[Arrrvin]

I am glad to hear that they decided to lower that minimum amount and that you managed to get our your money out of there! I still don't understand why the hell they enabled depositing RBTC if they don't plan to let people trade in the near future. I mean its one thing to enable deposits few days ahead of trading, but this is something completely different and doesn't make absolutely no sense to me.

I agree. And what I also don't like / understand is that they lowered the withdrawal minimum only enough to let me withdraw. 0.10005 RBTC as a minimum is still a lot and in the future other people may get trapped again. I've learned but Gate.io didn't it seems.

[Arrrvin]

I don't know the exact wording but its like tokenized thing, like wrapped btc (kinda?) on eth blockchain and can be traded to some uniswap exchanges. Don't know also how it has almost the same value of btc.

I don't know the technical details either. I just use RBTC when needed, knowing its value is BTC pegged and knowing it's cheap to transact.

[janggernaut]

I don't know the technical details either. I just use RBTC when needed, knowing its value is BTC pegged and knowing it's cheap to transact.

If you haven't withdrew your RBTC yet, i would suggest you just convert it back to BTC to prevent similar problem later.

I filed a recovery claim with a cyber security representative because the attorneys did not handle it well as it is an internet situation after i lost $40,000 to this investment scam platform....

with referral from a colleague I was fortunate enough to get back all of my $ 40,000 invested through a group of cyber agents called Hackloop

You can also share your story how much have you lost to hackloop via email

No need as he already got his money from mercatox after waiting several days. This problem already resolved if you read the title

[Arrrvin]

If you haven't withdrew your RBTC yet, i would suggest you just convert it back to BTC to prevent similar problem later.

RBTC didn't have any trading pairs on Gate.io, that was part of the problem. Gate.io just lowered the withdrawal minimum and fees, but didn't add a trading pair.

I've withdrawn the RBTC and sent it to an exchange that does have such trading pairs (BitFinex). Now I can finally do business.