How Gatecoin Exchange Impacts Bitcoin (BTC) Value?

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Even with the constant fluctuation in the coin market, we still see exchanges trying to stabilize and increase the efficiency of currencies. One of the exchanges that contribute to the efficiency of transactions involving some of these cryptocurrencies in the crypto market is, Gatecoin.

Gatecoin is a Hong Kong-based cryptocurrency exchange which allows customers to exchange their digital money to fiat currency. Gatecoin trades Bitcoin (BTC) and Ethereum (ETH) token worldwide with USD, EUR and HKD. Gatecoin also operates an OTC platform.

The Gatecoin trading platform is designed to be available for both individual investors and institutions. The exchange works in compliance with Hong Kong anti-money laundering regulations, meeting global best practice standards.

Impact of Gatecoin on Bitcoin (BTC)?

Bitcoin's intense volatility makes it challenging for investors to forecast price, but big exchange's like Gatecoin tend to operate in ways that can make the coin market more efficient and reliable. In fact, Gatecoin's mode of operation enhances the following:

Transactions between fiat currencies and Bitcoin (BTC)

Gatecoin users can make deposits and withdrawals in any of the three fiat currencies supported (USD, EUR, and HKD). However, fiat transferred in and out of an account held on the exchange must be made via bank transfer. While, Bitcoin (BTC), Ethereum (ETH) and a select Ether, ICO, and TGE tokens are also traded on GatecoinBitcoin (BTC) and Ethereum (ETH) token transfers are conducted directly between an external wallet and a Gatecoin account, in the same way as any cryptocurrency transaction.

Decreased transaction charges

A Gatecoin account can be funded with USD, EUR and HKD via bank transfer or with Bitcoin (BTC) and Ethereum (ETH) as per a normal cryptocurrency transfer process. There are no fees attached to Bitcoin (BTC) or Ethereum (ETH) token deposits into a Gatecoin account, while Bitcoin (BTC) withdrawals cost 0.0006 BTC. However, Gatecoin does not only make the Bitcoin (BTC) transactions faster but also cheaper.

Secured exchange

The hacked systems of Gatecoin have been improved and now meet "bank standards". The exchange itself is now built according to security standard. Cryptocurrency is in "cold storage", which means, wallets are not available from online and only minimum volumes of cryptocurrencies are kept in "hot wallets" on online servers. So, Gatecoin's security is intended to protect, monitor and audit exchange and client funds.

Although many investors and big institutions are curious about how Bitcoin's underlying blockchain technology will restructure the financial sector, Gatecoin also offers a platform where Bitcoin (BTC) can be regulated and traded in a more secure and efficient medium. However, the quality and compliance standards set by Gatecoin leads the way in cryptocurrency.

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

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