User Notice: Reactive of On-Chain Deposit and Withdrawal Services
Dear Users,
As Gate TR, we have completed the system updates we have carried out in order to fully comply with Turkish laws and regulatory expectations. In this context, by fully complying with the requirements of the Financial Crimes Investigation Board (MASAK) Communiqué (Sequence No: 29), deposit and withdrawal transactions have been reactivated.
Thus, all our users can safely deposit money into their accounts and make withdrawal transactions. We would like to reaffirm that all your funds and assets are safe and state that we continue to work to improve our service quality.
Important Note: Deposits and withdrawals of Turkish Lira (TRY) between bank accounts and the Gate TR wallet are not subject to these rules. Within your limits, you can deposit and withdraw TRY as you wish.
Followings is the brief summary of the updates
- Transaction Description Requirement
When initiating an on-chain transaction, you are required to provide a description of the transaction’s purpose consisting of at least 20 words. This description should accurately reflect the specific purpose of the transaction. - First Withdrawal Restriction
Your first withdrawal can only be processed after a 72-hour waiting period following the deposit or spot buying. During this time, withdrawal requests will not be processed. - Deposit and Withdrawal Time Restrictions
For each on-chain deposit or spot buying, withdrawals will only be available 48 hours after the deposit or spot buying has been made. Please ensure that the appropriate waiting period has passed before submitting your withdrawal request. - Withdrawal Limits
You are subject to a daily Stable coin withdrawal limit of $3,000. The cumulative monthly withdrawal limit is $50,000. Withdrawal requests exceeding these limits will not be processed.
Withdrawals of all cryptocurrencies other than stablecoins will remain unaffected by these limits and will continue without changes.
We thank you for your patience and understanding during this process. For more information, you can follow our official website or contact our support team at destek@gate.com.tr.
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Best regards,
Gate TR Team