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Gate is truly generous. The stock transfer function is now live. Transfers into and out of Gate incur no platform fees.
More importantly, holdings from external brokerages can be transferred into Gate, indicating that Gate is dealing with real stocks, not stock tokens.
This time, cross-brokerage transfers for US and Hong Kong stocks are supported. Stocks you hold at other brokerages can be transferred into Gate; stocks you hold at Gate can also be transferred out to other brokerages.
US stocks go through the DTC system, Hong Kong stocks go through the CCASS system, using the FOP transfer method. The entire process generally takes 3-15 business days, depending on the efficiency of both brokerages and market clearing.
The operation process is simple. In the Gate App, go to 'More' - 'Frequently Used' - 'Transfer In Stocks / Transfer Out Stocks', select the US or Hong Kong stock market, and fill in the brokerage information, stock ticker, quantity, etc.
If transferring into Gate, you need to contact the original brokerage first to initiate the transfer out; if transferring out from Gate, fill in the receiving brokerage information.
In addition, Gate is also offering a limited-time transfer subsidy this time.
From July 1 to July 7, successfully submit a US or Hong Kong stock transfer application, with a successful transfer value of 3000 USDT or more, and provide the original brokerage's transfer fee receipt, to apply for the subsidy.
The maximum subsidy for US stock transfers is 15000 USDT, and for Hong Kong stock transfers is 6000 USDT. You can also get a VIP level upgrade, up to VIP 9.
I think Gate's stock business is no longer just about being able to buy US, Hong Kong, and Korean stocks, but is improving the entire account system, constantly providing convenience to users.
It now supports 10,000+ US stocks and ETFs, 1,500+ Hong Kong stocks, and 1,000+ Korean stocks, totaling over 12,500 global stocks and ETFs. Plus, with unified accounts, USDT trading, fractional share trading, VIP rates, and stock transfers, the cost for users to manage crypto assets and traditional stock assets will be much lower.
For those who already have USDT and want to allocate to US and Hong Kong stocks, following me and choosing Gate covers it all in one go.
❤️❤️❤️I have consulted customer service. Gate holds US stocks and still has subscription rights/dividend rights, etc.! ❤️❤️❤️