Xrp ledger wallet gatehub

GateHub allows you to exchange your XRP for another currency before making a withdrawal. Before you can issue an exchange order, you must claim your XRP. The minimum amount you can claim is 1 XRP. Until the minimum amount is reached, the Claim funds button is disabled. When you claim your funds, an XRP deposit is made to your wallet in the corresponding amount.

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XRP Ledger powered exchange platform GateHub adds support for Litecoin (LTC)

Started in , GateHub is a UK-based cryptocurrency exchange that uses Ripple XRP as a form of digital coin for trading and moving money across the so-called Ripple network, but claims that it is a business independent from Ripple. Gatehub has a special gateway for digital assets other than Ripple, called GateHub Fifth. As most exchanges, GateHub uses Two-factor authentication 2FA , which adds a second layer of security for their users. Besides, the platform accepts payments with bank transfers, including SEPA transfers.

When compared to what other crypto exchanges, these fees are not that high. However, many similar venues have lower trading fees, for example CoinFloor , has no trading fees, and it only charges deposits and withdrawals. There are no specific EU requirements for the crypto exchanges yet, except that they apply KYC know your customer and AML anti money laundering procedures, but this regulatory area is still unclear. The project has been around for some time now and is clearly designed to cater to as many people as possible.

Another interesting thing to mention is that it is also possible to access the trade feature within the wallet itself. The trade page on GateHub is easy to use and very attractive to the eye, and includes all of the required elements as other crypto exchanges — a functional order book, order history, price and market depth charts.

Official mobile apps for Android and iOS are also available, so users can access the platform remotely. Check a snapshot below:.

GateHub does not provide leverage to its users. On the other hand, there are some UK-based crypto exchanges, like Cex. In most exchanges deposits in cryptocurrencies are free of charge. On the other hand, GateHub charges coin deposit fees. These fees are not to be underestimated, for example deposits in Ethereum incur a fee of 0.

Deposits in fiat are also charged 0. The company said that capital has been restored and that no client information has been compromised.

However, some users said that they never got their coins back. There are many negative reviews about GateHub on reddit and xrpcha, people losing XRPs — some in thousands. Many users complain of slow or unresponsive customer support, delayed transaction times, slow ID verification, etc.

There are even rumours that the exchange has turned into scam. However, it seems that its founders originate from Slovenia. This exchange has a special focus on Ripple XRP and accepts fiat currencies and supports a decent amount of coins.

It offers simple and nice trading platform and wallet with competitive trading fees. There are also concerns regarding the security of the platform and its reliability the exchange has been hacked. For those of you who prefer to trade securely with a licensed entity, a forex broker might be a better choice. Is GateHub legit? In most countries, including the UK , regulations of crypto exchanges are still fuzzy, while there are duly licensed forex brokerages that also offer trading in Bitcoin.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Torsten Hartmann has been an editor in the CaptainAltcoin team since August He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism.

Since , he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.

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Gatehub Wallet

Make your payment. Bitcoin BTC Coinomi is already trusted by millions of users. May When I point it to my wallet. For Bitcoin wallet installed on mobile device, most of the mobile applications stored wallet.

Product. Auto-Bridging. The XRP Ledger decentralized exchange is a fully.

The GateHub Hack: More Than 100 XRP Ledger Wallets Affected

Gatehub disclosed, in the statement, that they were notified by customers whose wallets were compromised. Estimated count of all affected users was about , but the platform has stated that it has not been confirmed that all the affected XRP wallets were hosted on GateHub. The company stated that they discovered an increase in application programming interface API calls coming from a small number of IP addresses. Gatehub is reportedly still working with law enforcement and other security professionals to figure out what happened and whether their system remains at risk. The firm hopes to get things back to normal soon. It turned out that the account robbed was managed through Gatehub. To prevent further breaches, Gatehub has disabled all access tokens on June 1st after the suspicious API calls were stopped.

ChangeNow catches 500,000 stolen XRP from the GateHub hack

xrp ledger wallet gatehub

Hackers have stolen The company admitted to the security breach in a preliminary statement posted on its website. While the staff is still investigating the incident that led to customer funds being siphoned from GateHub wallets, the company said it believes the hacker abused its API to carry out the attacks, albeit it is unsure how. A report published by XRP Forensics, a group of XRP community members working to prevent and counter scams on the XRP Ledger, included more details about the thefts , such as a history of suspicious transactions and 12 of the XRP addresses to which the hacker collected the stolen funds.

Get started with quick start guides, protocol documentation, a Javascript SDK, and fully open source code.

Sologenic to Airdrop $250M+ to XRP Holders With the Launch of a New Cost-Efficient NFT Marketplace

Gatehub wallet started off in as a Ripple-specific web-based wallet. In the past five years, however, it has morphed into the more popular Gatehub platform we know today. It not only supports more coins and functionalities but also introduced the Gatehub mobile and desktop apps. And according to their website, the wallet is designed to provide crypto enthusiasts with true value. But how safe is the wallet?

Trade on the XRP Ledger.

Gatehub Wallet is one of those wallets. We kindly ask you to visit Gatehub Exchange instead for a more detailed review on Gatehub's offering. To find a secure wallet not connected to an exchange, please refer to our Cryptocurrency Wallet List. People often associate the GateHub wallet with Ripple. Many people still think it is solely XRP based. However, GateHub supports other cryptocurrencies. There is no affiliation between GateHub and Ripple. You can use it for transferring funds across the Ripple network.

Moreover, XRP Ledger or XRPL is the name of their decentralized, Recovering access to Ripple Wallet funds using GateHub works like this.

Number of reaping targets will increase relative to the price of RPR at the time of the vote snapshot. Coupled with increasing interest in the crypto world, and virtual reality world, icoin opens up the market to a pool of potential users to target. Although the initially voting options will be controlled, Reaper Financial LLC will relinquish more and more control as the RPR ecosystem evolves and grows. This is done setting up a Trustline.

GateHub , a cryptocurrency wallet provider, recently reported that around XRP Ledger wallets were compromised. Reports indicate that over 23 million Ripple coins were stolen approx. Upon the discovery, GateHub contacted its users by email and calls with an immediate action step needed for protection: transfer Ripple wallet balances to a hosted account. Why a hosted wallet? In a follow-up statement, GateHub explained :. GateHub does not have access to users' native RCL wallets and we do not know your encrypted passwords.

The new marketplace is built on the XRP ledger solving the high cost and slow transactions of current NFT marketplaces on the Ethereum blockchain. Users can simply hold their assets on the supporting centralized exchanges or create a Trustline directly from their own private wallets to claim the airdrops.

GateHub was founded in by Enej Pungercar. Like most developed platforms, it has a native exchange that lets users purchase and sell cryptocurrency with low fees by using Ripple. With these currencies, you can purchase different types of cryptos. Cryptocurrency exchanges can offer different market orders — spot, margins, and futures. GateHub only offers spot markets, meaning you can buy or sell coins immediately at the best current price. The markets section of GateHub is an instant crypto exchange. The purchase and sell orders have a fixed fee of 0.

Recently, we have been notified by our customers and community members about funds on their XRP Ledger wallets being stolen and immediately started monitoring network activity and conducted an extensive internal investigation. Although we have not identified any action or omission by GateHub that may have facilitated or allowed this apparent theft to occur, we apologize deeply to all of our customers for this issue and pledge to get to the bottom of it. At the moment we estimate that approximately XRP Ledger wallets were compromised. So far it looks like all the victims had their XRP Ledger wallets hosted on GateHub, but we cannot yet rule out that some wallets were not.

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  1. Tarek

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