Reason for this visit

Japan is one of the largest cryptocurrency markets in the world, and it was one of the first countries to regulate the cryptocurrency market. There are many cryptocurrency exchanges in Japan, meanwhile, there are many foreign exchanges that want to enter this market. To help investors know more about the local exchanges, the survey team will go to Japan for on-site visits.

On-site visit

This time the survey team visited the cryptocurrency exchange Bitgate in Tokyo, Japan, with specific address at 7/F, 1-12-1, Sumiyoshicho, Naka-ku, Yokohama City, Kanagawa Prefecture.

The survey team came to the destination of this survey, an office building in Yokohama, Tokyo, Japan, near Yokohama Stadium. The building is not very tall and looks a bit old on the outside.

The survey team went to the 7th floor, and found no information such as the logo or name of cryptocurrency exchange Bitgate Co. around the entire floor, and the offices on the 7th floor belonged to other companies.

Conclusion

The survey team went to Tokyo, Japan to visit the cryptocurrency exchange Bitgate, and found that the exchange doesn’t have a business premise at the official business address shown, which means the given business address is fake. Please be prudent if trading with this exchange. 

Disclaimer

The content is for informational purposes only and it is not intended as a recommendation or advice.