Gatehub wallet review

Gatehub
Intuitive Ease of use,  Low Privacy,  Wallet platform Private Keys Stored

Gatehub is an open source web wallet that works primarily with the Ripple network. Users are able to buy Ripple with fiat funds and trade with other Cryptocurrencies and against precious metals. They also offer an API for financial institutions. Gatehub is also available on Android and iOS.

Gatehub is a Ripple gateway for individuals and financial institutions to access the Ripple network. It allows users to quickly and easily transfer funds to other users around the world. Users can transfer using the recipients name, email address, or Ripple address.

Company / organization behind the wallets

The Gatehub wallet platform is a product of GateHub LTD, a UK based company founded in 2014. The firm is focused on creating a global consumer financial network based on Ripple protocols and wants to provide a strong platform for smart contracts and other fintech applications. Most of the team operates from Slovenia and USA.

Traditional Currency Support

  • Euro (EUR)
  • US Dollar (USD)

Language Support

  • English

Supported Systems

  • Android
  • iOS
  • Online Only

In regards to security, the Gatehub wallet platform offers users detailed records of signed-in devices, access log with IP address and used browser, confirmation of wallet password before trading or sending payments. Also, it has two-factor authentication, a recovery key generated only once during signup and has no access over private keys.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
No
Private Keys Stored On
Wallet platform
Storage Type
The default is hot storage but there is an option to set up cold storage
Transactions Validation
Centralized validation
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

Users can reset password with their recovery key.

Gatehub has a pretty neat, user-friendly interface and the design is modern. The account set-up is free, but requires image ID, proof of residence, verification process may take up to 5 working days. Being easy to use and a multi-coin wallet with intuitive graphical interface of complete market data, Gatehub is best for newbies with an interest in trading and no issue with lack of anonymity.

Summary:

Gatehub is a multi-coin online wallet working on the Ripple network to provide users with instant transactions and an integrated exchange. It has live charts allowing for real-time stats and market trends which users can check before trading altcoins. Security is good with 2FA and cold storage option, but could be improved. Interface is easy to use and best for Crypto beginners keen on trading.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Comprehensive
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Buy coins using credit card
  • Withdrawal funds to bank account

Gatehub is a Ripple gateway for individuals and financial institutions to access the Ripple network. It allows users to quickly and easily transfer funds to other users around the world. Users can transfer using the recipients name, email address, or Ripple address.

The wallet platform has built the exchange function in their own software and manages it locally.

Help and support:

  • FAQ section
  • Email

Personal information for activation account:

  • Name
  • Email Address
  • Phone Number
  • Passport/ID
  • Proof of address

Most common customer complaint:

Slow customer service and response time