Few of my friends are regularly using Gate to buy some shitcoins and I don't remember them having any kind of issues so far, but what they did is very sneaky and shady. I mean, to enable deposit of the currency that you can't trade for anything and then set ridiculously high minimum withdrawal is basically an entrapment. And then when you add 8!! RBTC fee...It's something that not even shitty exchanges like Yobit and HitBTC would do I think.
One can argue that it's your own fault for not checking for what you can use RBTC for before depositing, but still, I wouldn't expect this from any exchange that cares about their reputation.
Contract law in my country is not only about what the letter says but also about what can be reasonably expected in a deal. This outcome after depositing was not a reasonable expectation I think.
@Arrrvin I am curious now, what are the RBTC withdrawal fees for RBTC on Bitfinex/Kucoin?
KuCoin fee: 0.00015 RBTC.
BitFinex fee: 0.001 RBTC.
I'm actually surprised to see so much difference between the two. Nothing compared to an 8 RBTC fee of course.
Yep, that's the big mistake that OP did as according to both CMC and Coingecko, RBTC is not tradable on Gate at all. That still doesn't explain why minimum withdrawal and withdrawal fees are so high. It doesn't make any sense to me, other than to entrap those who don't pay attention and don't check properly before depositing.
I lost my first crypto money when, rookie as I was, made a copy-paste mistake with the address. I double / triple check ever since. This mistake of not checking trading pairs or withdrawal fees (escape routes) I will not make again in the future.
In the meantime I am getting some support from the Gate.io social media admins on Telegram and Twitter. They agree that this is not reasonable and consented to let the support team know about this. Fingers crossed.