GateHub Wallet Review – An All-In-One Wallet (1)

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GateHub Wallet Review An 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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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 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)
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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  
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  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  
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  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.  
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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 cant access them.
There is a special gateway for digital assets
apart from Ripple on GateHub. Its named GateHub
Fifth.
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Summary This online wallet provides a simple
and convenient platform with competitive trading
fees.