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Is Gate.io accessible in Germany?
If you are wondering if Gate.io is accessible in Germany , the answer is no. The platform is among the exchanges of restricted cryptocurrencies in the country due to the regulations imposed by the Federal Financial Supervision Authority (Bafin) . Some users try to get around this restriction using solutions such as VPNs. Why is Gate.io blocked in Germany? What are the risks and what alternatives exist? Let's decipher this together.
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Why is Gate.io prohibited in Germany?
Gate.io, founded in 2013 in China and now based in several jurisdictions, offers more than 3,600 digital active in spot, future and other derivative products.
In Germany, the Bafin (Federal Financial Supervision Authority) requires that any platform wishing to offer services related to digital assets obtaining an cryptocurrency care license . This license is compulsory for companies offering services such as conservation, administration or trading of crypto-actives on behalf of third parties. The criteria for obtaining this license include:
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Capital requirements : candidates must have sufficient initial capital, generally at least 125,000 euros, to demonstrate their financial stability.
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Compliance with AML/ KYC : implementation of rigorous procedures for combating money laundering (AML) and customer knowledge ( KYC ) to prevent illicit activities.
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Secure IT systems : Development of a robust technological infrastructure to ensure the safety of customer data and assets.
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Effective internal management : establishment of internal control mechanisms to monitor and manage operational risks.
Gate.io, not having obtained this Bafin license, chose to restrict access to its platform for German residents in order to comply with local regulatory requirements.
In which countries to access Gate.io?
Gate.io is available in more than 165 countries, but some jurisdictions prohibit or restrict its access due to local regulations.
Country where Gate.io is available:
- Latin America: Brazil, Peru, Mexico
- Asia: South Korea, Vietnam, Thailand
- Africa: Morocco, Egypt, Nigeria
- Europe (partially): Italy, Poland, Portugal
Country where Gate.io is restricted or prohibited:
- North America & Europe: United States, Canada, France, Germany, United Kingdom, Netherlands, Austria, Spain, Malta
- Asia & Middle East: Continental China, Hong Kong, Singapore, Malaysia, Iran, North Korea, Syria, Indonesia, Japan, Japan
- Latin America & Africa: Venezuela, Bolivia, Argentina, Sudan
- Other areas in conflict: Crimea, Luhansk, Donetsk, Myanmar, Ouzbekistan, Cambodia
Gate.io reserves the right to update this list at any time, depending on regulatory changes.
Gate.io regulatory authorizations
Gate.io has several regulatory licenses allowing it to operate legally in certain courts. These certifications are essential to provide crypto-active services to residents of the countries concerned. However, each nation imposes its own requirements for regulating digital assets, which means that an authorization obtained in a jurisdiction does not automatically guarantee access to the market in another country.
Here are some of the main licenses obtained by Gate.io:
- MFSA (Malta) : Category 4 license for financial services in virtual assets, authorizing the exchange and conservation of digital assets in the Maltese territory.
- Austrac (Australia) : Registration as a service provider for digital currency exchange, ensuring compliance with regulations in the fight against money laundering and the financing of terrorism.
- SCB (Bahamas) : Certification issued by the Bahamas securities commission, allowing Gate.io to legally operate on the local cryptocurrency market.
- OAM (Italy) : Registration as a service provider on digital assets, guaranteeing compliance with the regulatory requirements of the Italian market.
- DMCC (Dubai) : License granted by the Dubai Multi Commodities Center, giving Gate.io the right to exercise crypto-active trading activities with the United Arab Emirates.
Despite these accreditations, Gate.io remains ineligible in certain countries such as Germany, where specific requirements must be met to provide services related to digital assets.
Can we get around the restriction of Gate.io in Germany?
Although we did not recommend these methods, some users in Germany use the following solutions to access Gate.io:
Using a VPN : a virtual private network (VPN) allows you to hide your IP address and simulate a connection from another country where Gate.io is accessible. Here are the steps:
- Choose a reliable VPN (NordVPN, ExpressVPN, ProtonVPN, etc.).
- Connect to a server located in an authorized country (for example, Portugal or Morocco).
- Access the Gate.io without restriction site.
Risks : Gate.io can detect the use of VPN and block or suspend your account in the event of non-compliance with the conditions of use.
Gate.io would it be worth it?
Gate.io is one of the exchanges offering the widest range of crypto-active and offers several attractive features:
- More than 3,600 cryptos listed, including rareltcoins.
- Future and trading on margin with lever effect.
- NFT Marketplace .
- Copytrading and automated trading bots.
- Passive yields ( staking , Yield Farming, Lending).
However, the platform also has drawbacks:
- Not regulated in Europe.
- Criticized customer service.
- Little intuitive interface for beginners.
Thus, although Gate.io offers an impressive range of services, its lack of regulatory framework in Europe and certain aspects related to the user experience must be taken into account.
Alternatives to Gate.io in Germany
Since Gate.io is not accessible in Germany due to the lack of authorization from the Bafin, several regulated platforms allow German residents to legally trader cryptocurrencies. Here are some reliable alternatives:
- Binance : world leader in cryptocurrency exchange platforms, Binance is also accessible in Germany. It offers a complete offer including the spot trading, term (future) contracts, leverage, as well as various financial services. Its enlarged ecosystem includes features such as staking and Launchpad, allowing users to invest in emerging projects. Although Binance had to adapt its services to comply with European regulations, it remains one of the most popular exchanges to German traders.
- Bitvavo : Based in the Netherlands, Bitvavo is also accessible to German investors. The exchange is distinguished by its competitive and transparent costs, offering an interesting alternative to international exchanges. Its intuitive interface is suitable for both novice traders and experienced users. One of its main assets lies in its transparency policy: Bitvavo clearly displays the costs and any applied spreats, thus avoiding the hidden costs found on other platforms.
- OKX : OKX offers a wide range of advanced tools, including derivative products, options and a very liquid future market. Its platform offers very competitive costs (0.1 % max) and access to a large number of cryptocurrencies.
Otherwise you can buy your cryptocurrencies directly from a decentralized wallet (Metamask, Exodus, Trust Wallet ) by holding your funds directly on the blockchain.
If you do not know where to start, we have designed a free, ultra-detailed and illustrated guide step by step with screenshots. It will help you sail easily in the universe of cryptocurrencies.
What you will discover in this guide:
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Investments in cryptocurrencies are risky. Crypternon could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a property or service put forward in this article. Readers must do their own research before undertaking any action and investing only within the limits of their financial capacities. Past performance does not guarantee future results. This article does not constitute an investment .
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AMF recommendations. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital .
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
