GateHub-Some important Details about This Broker

Note: Regrettably, the official website of GateHub, namely https://gatehub.net, is currently experiencing functionality issues.

What is GateHub？

Established in 2014, GateHub is a UK-based cryptocurrency exchange that operates independently from Ripple, utilizing Ripple (XRP) as a digital asset for trading and facilitating transactions across the Ripple network. The exchange offers web-based and mobile trading platforms, ensuring accessibility and convenience for traders on various devices. However, concerns regarding the reliability of GateHub's platform have been exacerbated by the unavailability of its official website.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros:

- Diverse Coin Selection: GateHub offers a range of cryptocurrencies for trading, including popular options like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), allowing users to diversify their portfolios and explore various investment opportunities.

- Mobile Accessibility: GateHub's mobile apps for both Android and iOS platforms allow traders to stay connected to the markets and execute trades conveniently on the go, offering flexibility and accessibility.

Cons:

- High Transfer Fees: GateHub imposes high transfer fees for cash deposits, potentially deterring users who are sensitive to transaction costs or seeking more cost-effective options.

- Unregulated: Operating in an unregulated environment raises questions about oversight and accountability, potentially posing risks for users in terms of investor protection and financial integrity.

- Inaccessible Website: GateHub faces reliability concerns due to the unavailability of its official website, which may undermine user confidence in the platforms stability and functionality.

Is GateHub Legit or a Scam？

GateHub asserts its commitment to user security by implementing Two-factor authentication (2FA), a feature designed to bolster account protection with an additional layer of verification.

However, GateHub operates without the backing of valid regulation. This absence of regulatory oversight implies that governmental or financial authorities do not monitor or regulate GateHub's operations. Consequently, investing through GateHub entails inherent risks stemming from the lack of external scrutiny, leaving investors vulnerable to potential fraudulent activities, mismanagement of funds, and other unscrupulous behaviors that may go undetected.

Furthermore, the unavailability of GateHub's official website exacerbates concerns surrounding the platform's reliability. The inability to access the website raises questions about the stability and integrity of GateHub's trading platform. Without consistent access to essential services, such as managing investments, accessing support, or executing withdrawals, users face uncertainties and challenges that may compromise their investment experience.

Market Instruments

GateHub presents a diverse array of trading instruments, catering to the preferences and investment strategies of its users. The platform facilitates the trading of various cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Dash (DASH), Quantum (QUA), Stellar (XLM), and Xaucoin (XAU). This extensive selection encompasses a range of digital assets, spanning from established cryptocurrencies like Bitcoin and Ethereum to alternative coins such as Quantum and Xaucoin.

Trading Platforms

GateHub provides web-based and mobile trading platforms. At the core of GateHub's offerings is a functional order book that allows users to view real-time buy and sell orders for various cryptocurrencies listed on the platform. In addition to the order book, GateHub equips its trading platforms with order history features, enabling users to track their past transactions and monitor the execution of their trades. GateHub provides users with access to price and market depth charts. These charts offer valuable insights into price trends and liquidity levels, helping traders identify potential entry and exit points with greater precision.

Moreover, GateHub extends its trading capabilities to mobile devices through dedicated mobile apps for both Android and iOS platforms. These mobile apps offer users the flexibility to trade on the go, ensuring accessibility and convenience for busy traders. With the mobile apps, users can stay connected to the markets, manage their portfolios, and execute trades seamlessly from anywhere, at any time.

Trading Fees

GateHub imposes trading fees ranging from 0.2% to 0.3% per transaction, depending on the specific cryptocurrency pairs involved. For instance, the cost of exchanging Bitcoin (BTC) to Ripple (XRP) is listed as 0.2%, while transactions involving Ethereum (ETH) to XRP incur a fee of 0.3%. This fee structure applies consistently to several other coins like Dash, Ethereum Classic (ETC), Augur (REP), and others, with the exception of QAU.

Moreover, GateHub positions itself as more than just a trading platform, offering an integrated online wallet solution for XRP owners. This “official” wallet allows users to send funds to other individuals using various identifiers such as their name, wallet name, Ripple address, or email address.

Deposits & Withdrawals

GateHub offers users the convenience of directly exchanging fiat currencies like USD, EUR, CNY, and JPY for Ripple (XRP) or other digital coins.

Additionally, GateHub supports payments via bank transfers, including SEPA transfers, facilitating both fiat deposits and withdrawals for users across different regions.

GateHub implements coin deposit fees, which users should take into account. For instance, deposits in Ethereum (ETH) attract a fee of 0.011 ETH, while Bitcoin (BTC) deposits incur a fee of 0.00053 BTC.

In contrast to cryptocurrency deposits, fiat deposits on GateHub are subject to fees, with international wire deposits incurring a charge of 0.1% of the deposit amount, with a minimum fee of $15.00. This fee structure applies to users looking to fund their accounts with fiat currencies, adding to the expenses associated with utilizing GateHub's services. Moreover, SEPA withdrawals are also subject to fees, with charges of either 1.00 € or 8.00 € depending on the withdrawal amount. These withdrawal fees, albeit nominal, contribute to the overall cost of accessing funds from GateHub accounts.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Email: support@gatehub.net

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, and Linkedin.

Conclusion

In conclusion, GateHub offers a diverse coin selection and mobile accessibility, providing users with opportunities to diversify their portfolios and trade conveniently. However, the platform faces significant challenges, including reliability issues stemming from website unavailability, high transfer fees for cash deposits, and operating in an unregulated environment, which raise concerns about oversight and accountability.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.