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Deposit bitcoin into gatehubGatehub Review: Still a Safe Web Wallet To Use in ?
Delays are possible. The transaction time depends on the bank system. We support cryptocurrency and bank transactions. Other payment options i. For more information, please refer to articles: Gateways Verification process for an individual account Company verification process Wallet funding and first deposit Third-party deposits are not permitted and will be rejected.
Select the wallet you want to deposit into blue drop-down menu in the upper-right corner of the screen. Click the "Add Funds" button on the left. This is your unique reference number that ensures that the funds are sent to the correct wallet.
In this Gatehub review, we will be analyzing the platform according to the following criteria so you can make an informed decision on whether or not Gatehub is safe to use for your crypto activity. We will evaluate Gatehub using the following criteria; usability, fees, partnerships, security the infamous Gatehub hack and we will even look at Gatehub alternatives should you choose to not use them.
Gatehub is an online web wallet platform that supports a couple of popular cryptocurrencies and also fiats like USD. Like most of the currently developed crypto wallet platforms, Gatehub also comes with its own built-in crypto exchange. This simply means that the Gatehub platform allows you to store and trade crypto and fiat.
The Gatehub wallet platform is online and can only be accessed through the internet using either a desktop device Windows, Linux or Mac or a mobile device Android or iOS. But with time and further advancements in its development, it now supports other coins. Gatehub was developed by Gatehub Ltd, a UK-based multinational fintech company that specialized in the development of financial services and products, which include blockchain-based global settlement system, interledger based payment scheme, digital wallet, connector, and gateway service.
With Gatehub, you can receive, send and store cryptocurrencies. This feature of Gatehub could be seen as lacking in other crypto wallet platforms if a comparison is to be conducted. Gatehub was built for crypto adopters — crypto users and traders, to enable them easily store and transfer ripple XRP and other cryptocurrencies amongst other Gatehub users and also to other crypto wallets or exchanges.
But currently, Gatehub supports a total of 8 different cryptocurrencies including Ripple. Gatehub also supports fiat. It comes with a built-in payment gateway system that makes the deposit of fiat possible. But, you will need to go through a KYC verification procedure before being able to use the fiat feature and deposit through your bank account. This verification procedure will require some detailed information about you as an individual or company if you are registering and verifying as a corporate body.
One particular flaw about this verification procedure is that it can take a couple of days before your account is verified, so it is rather not a very good approach if your plan is to buy a particular coin immediately after getting a Gatehub account, you will have to fund your account using cryptocurrency until your account get verified.
Also, unlike most wallets that accept various forms of bank wire transfers, Gatehub is limited to only SEPA and SWIFT and it does not even accept deposits through debit and credit cards. Apart from these flaws, Gatehub stands out as a classic crypto wallet through its fiat deposit support. Also, with its user-friendly wallet interface and the website, in general, it is very easy to use coupled with its current support of other popular coins apart from Ripple, Gatehub becomes the perfect wallet platform for cryptocurrency beginners and other users who are not used to wallet technicalities.
The trading fees are marked at 0. The deposit fees are not fixed but vary. It all depends on the method used by the user to deposit funds into the Gatehub account. Gatehub account set up is however free, deposits using SEPA are free too. But there is a ripple fee of 0. This makes Coil responsible for the provision of a new Interledger-based deposit method for Gatehub and coil users which will, in turn, enable content creators to monetize their websites and get paid in real-time.
So in this case, Coil provides the new interledger-based payment scheme and Gatehub makes XRP payments to the content creators on Coil. This is a big development to both Coil, Gatehub and the blockchain ecosystem at large. According to Mozilla Observatory, Gatehub scores B in security.
This security score is more than the average score when compared to other wallets and trading platforms.