Recently, there have been a lot of feedback from fans that the second-tier exchange Gate has problems with withdrawals not being credited to the account, and users are not allowed to withdraw funds for various reasons, and even have to trade and sell coins.
Today I want to talk about why this problem occurs. I have always suggested that you should not trade on second-tier exchanges or large funds. The reason is simple. Small exchanges have no supervision, no bottom line, insufficient trading depth, poor liquidity, and it is easy to eat up your principal.
Let’s take a look at the risks of Gate, a second-rate exchange.
First, we can query the status of all exchanges from Wikibit (Global Blockchain Regulatory Query Platform)
It can be seen that the gate has no supervision, the score is only 5.31 points, the influence C is basically a wild chicken category. For other indexes, you can compare the indicators of Binance Exchange.
It can be found that the variable score is 9.57 points, and the gate score is 5.31 points. Binance is regulated, and Gata is completely unregulated. The influence of Binance is 3A, and Gate is C. The difference is not a little bit.
In addition to the fundamentals, we can also discover the dark history of Gate Exchange in the past. You won’t know until you see it, and you will be shocked when you see it!
A user revealed that 1 million Ripple coins were directly hacked
Customer service is perfunctory and inactive
In response to user inquiries, Bither’s customer service has a variety of answers, which are not only contradictory but also inconsistent.
At first, they rejected investors’ inquiries on the grounds that “the platform was founded in 2018”, trying to deny users’ assets on the platform. But later, when users asked about account registration, they replied that the account was created in 2013. This is completely a slap in the face, and each time it gets louder than the last!
Do you think you can get your assets back if the customer service acknowledges your account?
Don't be silly, just look at the customer service reply below, they are very polite, but they didn't solve any important issues. They just said "submitting a work order will record the query", but they didn't mention when the assets can be obtained.
Therefore, for a platform that makes money but then ruins the pot, hacks the user's assets, and there is no way to complain! I suggest you stay away from it.
#IntroToCopytrading #MegadropLista
