US investors permitted
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.
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’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.
Gatehub’s security score 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.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.