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Gatehub Trusts HowTo


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In gatehub your account (wallet) is hosted on the XRP ledger.

On the XRP ledger, by default, you can only hold XRP, since that asset doesn't have any counterparty risk.

But since Gatehub is an exchange, to use it in any real capacity you will need your account to hold other types of assets. So, you need to tell the XRP ledger that your wallet "trusts" IOUs issued by them. Then, for instance, you can for instance sell XRPs for Gatehub-issued USDs. or trade Gatehub-issued BTCs for Gatehub-issued USDs. and so forth.


Edited by corak
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