EST 100 BTC
Cryptocurrencies are fast becoming an asset used by various individuals, businesses and organizations in performing different transactions. Amidst its rapid acknowledgment as a valuable asset, it needs a platform that will facilitate its trend. One of the many platforms for such is GateHub.
GateHub is a cryptocurrency exchange network developed by London-based GateHub Limited, in 2014 and is based on Ripple as its digital currency. It can be operated using the Ripple currency or any other cryptocurrency. It is based in the United Kingdom. It offers a trading and wallet platform for cryptocurrencies. More so, GateHub offers trading in BTC, BCH, ETH, ETC, REP, DASH, QAU, XAU, and XLM. It has a nice and user-friendly interface with charts and prices of cryptocurrencies is the market.
As mentioned earlier GateHub is situated in the United Kingdom but it’s operations has expanded across Europe especially the European Union, the United States of America, Canada and Australia. Currently, there are no regulations by the European Union and other areas of operation regarding the usage of this platform.
The GateHub is a database, which includes a ledger that is used in tracking and keeping records of the past transactions of the user. After registration, a verification link is sent to the registered email address. Upon verification, the account can be activated by depositing ETH or BTC. It also accepts Fiat currency (Euro, Dollars, JPY or CNY). This can be carried out after linking your bank account with your GateHub account.
The sole aim of this real-time network is to encourage instant cross-border payment and promote the connection of global banks. In order to make a transfer, you can type in the recipient’s Ripple address or email and click on the send option to instantly perform the transaction.
GateHub offers transaction fees as low and affordable as 0.2%. GateHub charges separate fees according to the cryptocurrency used. For Bitcoin deposits, it charges 0.00053 BTC while for Ethereum deposits, it charges 0.011 ETH. Deposits using Fiat currency attracts 0.1% deposits of the currency. Wire transfers can be performed which attracts a minimum fee of $15.00. There is no fee attached to the withdrawal of the cryptocurrencies.
There are layers of security that were further enhanced after 2017 hacking. It has a two-factor authentication that encompasses Google authentication and email authentication. The transactions and storage are strongly encrypted to avoid intrusion and theft.
In 2017, the GateHub community witnessed a massive hit after the exchange platform was hacked and a significant amount of digital assets worth over $5 million were lost. The customer support system is slow and sometimes unresponsive. There is also delay in transactions services.
Despite these slew of shortcomings, GateHub has been making consistent improvements to ensure that these bad features are eradicated and exchange services improved for users. It remains one of the most reputable and reliable cryptocurrency exchanges and wallet in the market.