Does Gate.io Require KYC? | Discover Their KYC Policy
Mike Harry
Feb 2024
2 min to read
Fact checked
Introduction: Gate.io is an innovative online cryptocurrency exchanges that was founded in 2013. One of the unique selling points of Gate.io is that it offeers a wide range of altcoins that are hard to buy elsewhere.In this breakdown, we answer the most frequent questions regarding Gate.io KYC process and whether all customers are required to pass it.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Does Gate.io Require KYC?
Gate.io is a global cryptocurrency exchange founded in 2013 by Lin Han in the Cayman Islands. The exchange is in over 180 countries but has restrictions in the United States and Canada, and limited product offerings in the UK, France, Netherlands, Germany, and Italy.
Gate.io Exchange
The exchange offers over 1,500 cryptocurrencies and a diverse service range including spot trading, margin trading, futures, and options trading.
Gate.io app
It serves a vast user base of over 12 million primarily in Europe and Asia. Furthermore, the Gate.io mobile app, available on Android and IOS, has been downloaded more than a million times.
To ensure the safety of its users, Gate.io has implemented a Know Your Customer (KYC) process for all of its customers.
This process is designed to verify the identity of its users and to prevent fraud and money laundering. The processing time to pass Gate's KYC process can take between 30 minutes up to 12 hours.
Is Gate.io KYC mandatory
Gate.io introduced KYC (Know Your Customer) requirements for all users on May 8, 2023.
Gate.io KYC is mandatory
This means that all new and existing users are required to go through the identity verification process to comply with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.
Gate.io KYC requirements
Gate.io requires the following information in order to pass their KYC:
1. Personal Details: This includes your full name, date of birth, nationality, and other relevant personal data. 2. Proof of Identity: A valid government-issued ID such as a passport, driver's license, or national ID card. 3. Proof of Address: A document that confirms your country of residence and address, like a utility bill, bank statement, or a tax invoice that's not older than three months. 4. Selfie with the ID: Some platforms may ask for a photograph (selfie) of you holding your ID or a piece of paper with the exchange's name and the current date written on it. 5. Facial recognition: You will need to scan your face to prove that you are indeed the person on the ID card.
Can I trade without KYC on Gate.io?
It is not possible to trade on Gate.io without having completed and received approval on your KYC process.
Having said that, for users that want to trade without KYC, we recommend using alternative exchanges that don't require KYC like MEXC.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
