A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Gatehub consists of four parts: general information, fees, deposit methods and security.
Gatehub is a cryptocurrency exchange from the United Kingdom. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
On the date of last updating this review (16 July 2019), the following picture shows the trading volume of the different trading pairs possible to trade at the platform. We think it’s fair to say that there’s definitely some need for improvement of the exchange’s trading volume in order for it to compete with the industry leading exchanges.
This trading platform is not for people interested in the less established cryptocurrencies (Ethbits Token, Octoin Coin, Rebellious Coin, The GCC Coin, Trustnote Coin, or coins of roughly the same size). If you want to sell or buy any such smaller cryptocurrency, you’ll have to choose another trading platform that you can find by the help of the Exchange Finder.
It does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).
Gatehub Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at Gatehub:
Gatehub’s fees consist of deposit fees, trading fees and withdrawal fees.
Deposit fees vary dependent upon how you deposit.
Trading fees are 0.30% flat, meaning that takers and makers both pay 0.30% of the total order value of the trade as a fee to Gatehub.
Withdrawal fees are fixed at 0.005 BTC for BTC-withdrawals.
Gatehub Trading fees
This UK coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. They offer a flat trading fee of 0.30%. This fee is slightly above the industry average. The industry average is arguably around 0.25%.
Gatehub Withdrawal fees
The exchange charges a withdrawal fee amounting to 0.005 BTC when you withdraw BTC. This is far above average in the industry. One should consider whether the exchange has a strong offering to investors in other respects that outweighs the disadvantage of this higher withdrawal fee.
Gatehub offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course negative news to you if you would prefer to use your credit card for any reason.
The security score of this trading platform is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges.
There are only a few exchanges that – like the above exchange – receive Mozilla Observatory-scores of B or higher. The following list includes 9 such exchanges with very impressive security scores: