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GateHub Wallet Review – All-In-One Wallet

GateHub is a payment gateway platform that allows you to store digital currency with instant payments at a good cost. Built-in 2014, GateHub is a UK-based cryptocurrency exchange that trades via Ripple network.

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GateHub Wallet Review – All-In-One Wallet

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  1. GateHub Wallet ReviewAll-In-One Wallet GateHub is a payment gateway platform that allows you to store digital currency with instant payments at a good cost. Built-in 2014, GateHub is a UK-based cryptocurrency exchange that trades via Ripple network.

  2. What is GateHub? • GateHub platform serves a dual-role; one as the payment gateway (wallet) and second as a cryptocurrency exchange. At best, it is a Ripple wallet called as Ripple GateHub. • The platform is a Bitcoin, Ripple, Ethereum Classic, Ethereum, and Augur wallet. You can trade these digital GateHub coins against the USD, EUR, etc. GateHub wallet also offers you “the crypto-to-crypto” trading option. • All passwords and private keys are encrypted and hashed using industry standard algorithms. Apart from Ripple, there is a separate gateway for digital coins on the platform called as “GateHub Fifth”. It gives BTC, ETC, ETH, and REP issuance on the Ripple network. • It uses Two-factor authentication (2FA) for additional security for its users. Here identity verification is mandatory only for bank transactions. (Not for crypto transactions)

  3. GateHub Wallet Benefits • Easy to use • Charges less trading fees (depends on the assets to trade on) • A good number of Altcoin that you can trade • Offers a mobile app that you can download on Android or iOS device • The payment gateway accepts  cash • Location is good and offers many services. (No specific EU requirements) • The nice and simple user interface

  4. GateHub Wallet Drawbacks • Before using the wallet you need the minimum of 20 XRP tokens. (Some wallets are free to use) • Lack of margin trading • Reports on cryptocurrency exchange have turned into a scam • Customer service is not up to standard • Security concerns as the company were previously hacked • Slows transactions processing times

  5. GateHub Fees • The GateHub wallet charges 0.00053 BTC for Bitcoin deposits, 0.011 ETH for Ethereum deposits and 0.1% for deposits in fiat currency. • International Wire Deposit attracts a min fee of $15.00. The majority withdrawals of cryptos are free.

  6.  Is GateHub safe? • It claims to be totally safe, while all passwords and private keys are hashed and encrypted using industry-standard algorithms. Moreover, GateHub.net itself can’t access them. There is a special gateway for digital assets apart from Ripple on GateHub. It’s named GateHub Fifth.

  7. Summary • This online wallet provides a simple and convenient platform with competitive trading fees.

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