GateHub is a digital wallet. It allows users to store, send and exchange these cryptocurrencies in a built-in exchange. All private keys and passwords are hashed and encrypted using industry standard algorithms, even GateHub cannot access them. Facebook LinkedIn. This website is only provided for your general information and is not intended to be relied upon by you in making any investment decisions. You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice.
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Exchanges Mining. Popular Coins. Home Wallets. This simply means that the Gatehub platform allows you to store and trade crypto and fiat. The Gatehub wallet platform is online and can only be accessed through the internet using either a desktop device Windows, Linux or Mac or a mobile device Android or iOS. But with time and further advancements in its development, it now supports other coins. Gatehub was developed by Gatehub Ltd, a UK-based multinational fintech company that specialized in the development of financial services and products, which include blockchain-based global settlement system, interledger based payment scheme, digital wallet, connector, and gateway service.
With Gatehub, you can receive, send and store cryptocurrencies. It becomes much easier if the transfer is between two Gatehub users as all the sender needs to do is input the receiver's Gatehub username in order to make a seamless and straight forward transfer. This feature of Gatehub could be seen as lacking in other crypto wallet platforms if a comparison is to be conducted.
Gatehub was built for crypto adopters — crypto users and traders, to enable them easily store and transfer ripple XRP and other cryptocurrencies amongst other Gatehub users and also to other crypto wallets or exchanges. But currently, Gatehub supports a total of 8 different cryptocurrencies including Ripple. Gatehub also supports fiat. It comes with a built-in payment gateway system that makes the deposit of fiat possible.
But, you will need to go through a KYC verification procedure before being able to use the fiat feature and deposit through your bank account. This verification procedure will require some detailed information about you as an individual or company if you are registering and verifying as a corporate body. Then the uploading of required documents which will include copies of any accepted identification document and your personal or company's proof of address using either a bank statement of accounts or any approved utility bill document available.
One particular flaw about this verification procedure is that it can take a couple of days before your account is verified, so it is rather not a very good approach if your plan is to buy a particular coin immediately after getting a Gatehub account, you will have to fund your account using cryptocurrency until your account get verified.
Also, unlike most wallets that accept various forms of bank wire transfers, Gatehub is limited to only SEPA and SWIFT and it does not even accept deposits through debit and credit cards. Apart from these flaws, Gatehub stands out as a classic crypto wallet through its fiat deposit support. Also, with its user-friendly wallet interface and the website, in general, it is very easy to use coupled with its current support of other popular coins apart from Ripple, Gatehub becomes the perfect wallet platform for cryptocurrency beginners and other users who are not used to wallet technicalities.
Apart from the crypto and fiat wallet provision, the Gatehub platform also comes with an exchange where it's users can internally trade their coins for other coins at an average trading fee with no hassles and without having to transfer such coins to an exchange. The trading fees are marked at 0. The deposit fees are not fixed but vary. It all depends on the method used by the user to deposit funds into the Gatehub account. Gatehub account set up is however free, deposits using SEPA are free too.
But there is a ripple fee of 0. This makes Coil responsible for the provision of a new Interledger-based deposit method for Gatehub and coil users which will, in turn, enable content creators to monetize their websites and get paid in real-time. So in this case, Coil provides the new interledger-based payment scheme and Gatehub makes XRP payments to the content creators on Coil.
This is a big development to both Coil, Gatehub and the blockchain ecosystem at large. According to Mozilla Observatory, Gatehub scores B in security. This security score is more than the average score when compared to other wallets and trading platforms. Gatehub has several security features put in place to help keep accounts secure which include 2FA codes, email confirmation of new IP addresses and new devices, authorization and unauthorization of devices, and also the provision of an access log, which helps users keep tabs on when and where their accounts were accessed in order to easily identify any suspicious access.
A Gatehub review won't be complete without taking note of this big but negative event that struck the Gatehub wallet platform. Sometime in , Gatehub had some security issues with their systems and there was a purportedly reported hack on its centralized servers. It was reported that this event affected around 80 to 90 Gatehub users, and that about However, Gatehub made a statement acknowledging the hack but with a refusal to refund stolen funds stating that funds missing were from personal accounts and so was a personal account hacking.
According to the largest and most recent empirical study on the subject of crypto exchange trading fees, this one , the global industry average taker fees are 0. Compared to these averages, Gatehub is slightly below on taker fees but slightly above on maker fees.
Gatehub charges a withdrawal fee amounting to 0. This fee is a bit above the global industry average. Global industry average BTC-withdrawal fee is according to the abovementioned report around 0. So Gatehub is substantially above average on their charged withdrawal fees. This of course negative news to you if you would prefer to use your credit card for any reason.
Your experience on this site will be improved by allowing cookies. Gatehub Review What is Gatehub? Gatehub is a cryptocurrency exchange from the United Kingdom. It launched in Trading Volume Information On the date of last updating this review 16 July , the following picture shows the trading volume of the different trading pairs possible to trade at the platform.
Only The Bigger Cryptocurrencies This trading platform is not for people interested in the less established cryptocurrencies. US-investors It does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
Gatehub Trading View Different exchanges have different trading views. Mickey B. Users can set market and limit orders. New social In this Video, I'll show you how to get 20 ripple into your gatehub account so you can start trading, and how to transfer bitcoin into How to send XRP from gatehub to binance vn today. Digital Assets Daily. Digital Assets Daily on Twitter..
This video will explain the trading and exchange features on gatehub. Please comment below with feedback and questions. I suspect that somebody is using a bot to Gatehub minimum XRP Problem. Belinda Van Graan.
Hi Guys, it seems that some folks have run into an issue where they could not transfer their Bitcoin to Gatehub due to a problem Tax Demo CryptoTrader Tax.