Users who wish to trade crypto-to-crypto without the fiat gateway are not required to submit KYC documents when opening the account. The only action needed to begin crypto-to-crypto trading is to validate the user’s email.
After you validate your email, you are allowed to trade in BTC and ETH pairs immediately. Account holders will be able to transfer-in unlimited amount of BTC and ETH. However, users who wish to withdrawal any cryptocurrencies or use fiat trading pairs will be required to upgrade their account to Tier 1 with standard KYC procedure. For instructions please refer to the following FAQ article.
It’s important to note as a licensed Money Services Operator regulated by the Hong Kong Customs and Excise Department, Gatecoin is committed to the highest standards of anti-money laundering (AML) compliance. The new verification requirements will only be possible for new crypto-to-crypto traders who registered on our platform after September 18th, 2018.