Withdrawing from Gatehub

[xrpwillrise]

Hi all,

I currently have my XRP holdings in Gatehub. I am looking for the quickest and most affordable way to withdraw the XRP's from my Gatehub wallet, and convert the XRP's to USD. 

The way I have done it in the past is by using shapeshift.io to convert the XRP's into Bitcoin - which are then sent to coinbase. Then from coinbase, convert the bitcoins into USD. Is this the best way to withdraw funds? 

Thank you in advance for helping out a noob!

[Internethobo]

I have never used Gatehub, but you can try opening a BitStamp or Kraken account.  Then send your GateHub XRP there and convert to USD.  Then you can wire your USD to your bank account.

[tulo]

36 minutes ago, xrpwillrise said:

Hi all,

I currently have my XRP holdings in Gatehub. I am looking for the quickest and most affordable way to withdraw the XRP's from my Gatehub wallet, and convert the XRP's to USD. 

The way I have done it in the past is by using shapeshift.io to convert the XRP's into Bitcoin - which are then sent to coinbase. Then from coinbase, convert the bitcoins into USD. Is this the best way to withdraw funds? 

Thank you in advance for helping out a noob!

Depends where you are based. From gatehub you can directly send a payment to the bank using XRP. It will convert the XRP agains USD.gatehub and then send those USD to your bank. Check the fees for withdrawal and compare with the fees of coinbase + shapeshift.

[SaladFingers]

Pretty sure you can withdraw USD directly from Gatehub.

https://support.gatehub.net/hc/en-us/articles/115003192625-FIAT-EUR-or-USD-Withdrawal

[cap]

I've withdrawn several times directly from Gatehub to my bank account. You pay GH U$15 per withdrawal, plus whatever fees your bank charges. The whole process, from making the withdrawal to the money showing up in your bank account, should take about 6-7 days.

[taebuoytogI]

I've done it.  It was not an issue.  I did a wire transfer to my USD acct., the money was in my acct. in 4-5 days.  I live outside the U.S. also if it matters.

[Vacek_aka_Luschka]

But you won't have any XRP ... 

[xrpwillrise]

7 hours ago, cap said:

I've withdrawn several times directly from Gatehub to my bank account. You pay GH U$15 per withdrawal, plus whatever fees your bank charges. The whole process, from making the withdrawal to the money showing up in your bank account, should take about 6-7 days.

Thanks for the information! Would I use the "International wire withdrawal (USD)" option as seen at the link below to withdraw to my bank account?

https://support.gatehub.net/hc/en-us/articles/115003192625-FIAT-EUR-or-USD-Withdrawal

 I am based in the US. 

[xrpwillrise]

6 hours ago, Luschka said:

But you won't have any XRP ... 

haha, no need to be concerned... just prepping for the moon. Long term hodlr here. 

Edited October 12, 2017 by xrpwillrise

[tulo]

9 hours ago, cap said:

I've withdrawn several times directly from Gatehub to my bank account. You pay GH U$15 per withdrawal, plus whatever fees your bank charges. The whole process, from making the withdrawal to the money showing up in your bank account, should take about 6-7 days.

Are you sure $15? Because on gatehub they say 0.1% capped at 130$.

[cap]

4 hours ago, tulo said:

Are you sure $15? Because on gatehub they say 0.1% capped at 130$.

Yup. $15, no matter how much you transfer.

[xrpwillrise]

32 minutes ago, cap said:

Yup. $15, no matter how much you transfer.

Hi Cap, really appreciate all your insights here. 

Would I use the "International wire withdrawal (USD)" option as seen at the link below to withdraw to my bank account?

https://support.gatehub.net/hc/en-us/articles/115003192625-FIAT-EUR-or-USD-Withdrawal

 I am based in the US. 

Thanks again!

 

[cap]

1 hour ago, xrpwillrise said:

Hi Cap, really appreciate all your insights here. 

Would I use the "International wire withdrawal (USD)" option as seen at the link below to withdraw to my bank account?

https://support.gatehub.net/hc/en-us/articles/115003192625-FIAT-EUR-or-USD-Withdrawal

 I am based in the US. 

Thanks again!

That's what i use, but I'm in Latin America. You might want to check with someone based in the US.

[Mercury]

2 hours ago, xrpwillrise said:

Hi Cap, really appreciate all your insights here. 

Would I use the "International wire withdrawal (USD)" option as seen at the link below to withdraw to my bank account?

https://support.gatehub.net/hc/en-us/articles/115003192625-FIAT-EUR-or-USD-Withdrawal

 I am based in the US. 

Thanks again!

 

Yes. A couple points to remember- you need your banks SWIFT/ BIC number. North America banks don't usually show these- you may have to ask specifically for it.

The banks name is the name of your full bank (Bank of America for example), but the address is the branch that your account is at.