Gatehub Wallet is an online web platform that holds a bunch of accepted cryptocurrencies and fiats such as USD. Similar to majority of the recently processed crypto wallet platforms, Gatehub has its own in the built crypto exchange. It merely indicates that the Gatehub lets you stock up and trade fiat and crypto.
Gatehub Wallet review explains that it is an online platform that can be accessed with the internet only by using a desktop appliance or a mobile device. Desktop devices include Linux, Windows, or Mac, and mobile devices include Android or iOS.
In 2014, Gatehub was introduced and solely developed for the Ripple XRP cryptocurrency. However, as time passes and additional development come, it follows other coins now.]Gatehub Ltd developed Gatehub, which is a UK based international fintech company that focused on the progress of economic services and products. It includes a blockchain-based worldwide payment system, payment scheme based on inter ledger, connector, digital wallet, and opening service.
Supporting fiat currencies such as USD is one of the great features of the Gatehub Wallet. Other supported fiat currencies are EUR, JPY, and CNY. Initially, the wallet was made for the support of Ripple XRP.
Now, it supports eight coins, such as:
- Bitcoin BTC
- Ethereum ETH
- Bitcoin Cash BCH
- Ethereum Classic ETC
- Dash DASH
- Augur REP
- Xaurum XAUR
- Ripple XRP
- Easy Interface
- Less trading fees
- Altcoins are in a good amount for trading
- Mobile app available for Android and iOS devices
- Cash accepted
- Good location with lots of services
- User-interface is simple
- Margin trading is missing
- Maximum 20 XRP tokens are needed before using wallet
- Customer service is not updated
- Security concerns
- Slowdowns the transaction process
While using Gatehub wallet, the first thing you need to consider is that if you are in search of storing Ripple, you may have to hold at least 20 XRP. You will not be able to use these coins, as it is easy to turn on your wallet.
For instance, if you transfer 50 XRP to the Gatehub wallet, you can use 30 XRP. For all Ripple wallets, this is the same scheme, so there is no way to avoid it.
Apart from this, you are not required to pay fees to send or receive funds except the blockchain transaction fee. From depositing, trading, and withdrawing fees, the platform can make money.
As an XRP ledger doorway, Gatehub had moved out into a company agreement with Coil in 2019. For the terms of a new Interledger-based deposit way, it makes Coil accountable for Gatehub and coil users that can enable content makers to monitor the websites and get compensated in real-time.
So, Coil offers a new inter ledger-based payment system, and Gatehub enables XRP costs to the content makers on Coil.
Usually, wallet suppliers don’t have customer support because Gatehub is an exchange, and there are several ways to contact them. By sending an email to the team, you can make it easier. However, online reviews show that the support service is very poor in responding.
On several social media platforms, you can see the Gatehub team, such as Twitter, Facebook, and LinkedIn. Gatehub wallet review shows that it has a support team, and keep in mind that if you forget your password and authentication key or your funds get hacked, Gatehub cannot do anything.
Is Gatehub Safe?
For the protection of your Gatehub wallet, you can have specific security features. At first, you need to set up Two Factor Authentication that will ask you to enter a code sent on your phone every time you try to log in.
Moreover, if you attempt to log in from a new IP address or device, you need to re-confirm the email address. The platform encrypts all the data that helps to protect your personal information.
Gatehub can never reach your private keys because they are kept in a separate server of the main platform. It adds an extra layer of security, which shows that if you lose them, you can never recover the funds.
Gatehub wallet review explains that it is an XRP ledger compensation entrance that makes the delivery, storage, shift, and even trade of XRP, fiat, and other supported cryptocurrencies. It is known as a traditional wallet exchange source, which is recommended highly to the beginners because of the easy to use interface.