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Review on Gatecoin by Abraham Kaiful

Revainrating 3 out of 5

Gatecoin was a useful exchange, but failed to fully satisfy its users

Gatecoin is a cryptocurrency exchange initiative located in Hong Kong that uses blockchain technology. To be honest, I was happy with Gatecoin since I was able to trade my tiny quantity of cryptocurrency through it, and my transfers and trading operations were lightning quick.

In comparison to many other exchanges, commission costs were also reduced. It was an excellent exchange, especially for exchanging altcoins. Gatecoin made a bold foray into the cryptocurrency realm, but it ran into a slew of issues. Gatecoin, which had a slew of issues including hacking, fraud, the loss of user cash, and the termination of certain users' accounts, was shut down by its developers.

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This affected a large number of users, including myself. Gatecoin froze my bitcoin, which was worth around $20. Although it is stated on the websites that any money left in the victims' systems would be reimbursed, I have not gotten any reply e-mails despite sending many e-mails.

Pros
  • An exchange that was simple to utilize.
  • I don't believe there was a security issue.
Cons
  • An exchange that has ended.
  • Many consumers had issues with their assets.