Ripple is real-time settlement network, connecting the global banks and making cross border direct payment done within seconds, aiming to disrupt current payment network. All of the payments and trades are carried through ripple gateway, which could be banks, money service businesses, currency exchanges, or any other financial institution. It eliminates the unnecessary steps and revolutionize the traditional way how money market is operating.
Money could be saved at the trusted gateways, the network makes sure the safety of your assets or coins. Even traders can come to ripple platforms to trade their popular coins, fiat, or assets .
Gatehub is Ripple’s one of those platforms.
Before taking advantage of the full function of gatehub.net, the first thing to do is to register a account , update your profile and verify your account with your ID, proof of residency . You can't carry out any activity, like connecting a gateway, deposit, withdrawal, trading etc. It is fast and efficient.
Beautiful Wallet Design
You can see the wallets net worth on the top and each balance kept for every gateway on the same page:
You can send any supported currency like Ripple, Bitcoin, Chinese Yen, Ethereum or US Dollar through your personal email, account name or your ripple address. The ripple network processes transactions instantly reaching your recipients with the desired currency.
Even if you didn't have a certain currency in your wallet, you could still send XRP and the network would exchange it to the desired currency automatically.
Gatehub.net , The ripple wallet has implemented strict security measures, like 2-Factor Authentication to make sure no unauthorized access to your account happens .
Furthermore, There are detailed records of signed-in devices and access log with IP address and browser used. Besides that, all of the communication and data are encrypted. Before trading or sending payments, the wallets password is required to make sure that the wallet owner is operating it.
Trading on Gatehub
The trading page includes all of the required elements as other professional exchanges does . There are price chart, order book, order depth and recent activity etc here. You could trade fiat, crypto currency, precious metals etc. You could trade any currency or metals pair from any gateway included the unconnected one, from which you cannot deposit or withdraw funds. However, it is easy to connect them. You just need to input the gateway’s name and ripple address to finish the connecting process.
One difference is that the trading pair is not fixed as other exchanges. You could trade CNY from RippleChina gateway to XRP (CNY/XRP) or XRP to CNY from RippleChina (XRP/CNY). The price for XRP/CNY is 0.2426 and for CNY/XRP it could be 4.12. Traders could freely switch them according to their requirements.
Even for the same currency there are some spread between different gateways, which act like exchanges. Traders could trade CNY RippleChina to CNY Ripple Fox. It is due to the different popularity or service satisfaction for each gateway. Therefore, the price could vary a bit. Users are easily moving funds or doing arbitrage between them in single one page of the ripple wallet.
There are mini price chart for each trading pair on the tap of markets, visual statistics on the tap of stats, which is showing assets distribution and price chart for a few popular currency pairs.
I would like to know what you think about Gatehub . Leave your comment below if you have any difficulty or to let us know what you think about Gatehub.
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