What is the process to do over-the-counter trades?

In case you are willing to connect to our Trading Desk and do some over-the-counter trades (min USD100,000 per trade), you will need to create an account on Gatecoin and upgrade it to Tier-2 (certified). Then, you will need to deposit fiat/crypto currencies and contact our Trading Desk.

 

Here is the detailed process flow to be followed:

 

1/ Go to gatecoin.com, set your email and password, enter your contact details, provide a proof of identity (ID card/passport), a proof of residence no older than 3 months and fill a source of funds questionnaire.

 

2/ Once the application is submitted, our compliance team reviews the information provided, background check the user and verifies the account. At this stage, you are entitled to transfer up to 50,000 USD-equivalent.

 

3/ In order to increase the limits, you need to send by post certified true copies of the proof of identity and the proof of residence, as well as a signed source of funds questionnaire. Our compliance team may also require some evidence of the said source of funds. Alternatively, if you are living or travelling to Hong Kong, you can schedule an appointment with one of our client relationship managers and come to our office with the original documents.

 

4/ Once received, your account is upgraded and you can transfer unlimited amounts in crypto or fiat currencies.

 

5/ You can then wire the funds to our bank account, they are credited on our bank account within a couple of days (or simply deposit the coins if you are willing to sell cryptocurrencies), and contact our Trading Desk by email (otc@gatecoin.com) for an Over-The-Counter deal request.

 

6/ We lock the funds, and use an instant-messaging channel to provide you a quote valid for 2-min. Once the quote is accepted and confirmed by email, the settlement is made within 48-hours and the funds are credited to your account, so that you could withdraw them from the platform to your own wallet or your own bank account.