Newbie Question Coinbase to Gatehub Fees

[latetothegame]

So I'm currently kicking myself because I have been interested in xrp since October but am new to crypto currency and took too much time reading and understanding before the big jump in xrp so I get to sit around and calculate what my investment would be worth if I would have acted faster.....

But I have a question about fees. I have been waiting on my Gatehub account verification for more than a week which it sounds like is normal so I can buy with usd wire transfer.

However more than a week ago when xrp dipped below a dollar I did a test run of purchasing $150 worth of bitcoin on Coinbase by credit card and transferred it to my Gatehub wallet to see if it would be a way to purchase a larger amount while waiting for my Gatehub verification.

After paying some ridiculously high bitcoin fee to transfer to Gatehub I decided it wasnt as I ended up with about $100 dollars of bitcoin equivalent in Gatehub.

So long story short, is a 30 percent transfer fee normal for this? If it was lower I would have bought more, but this transfer fee scared me off and made me decide to wait on my Gatehub verification which I'm still waiting on like I'm guessing so many other possible investors are. With this recent dip I'm wondering if there is another lower fee way to get from Coinbase to Gatehub, or are people just paying those ridiculous fees?

Thanks.

[at3n]

Those fees were mainly Bitcoin miner fees. Bitcoin fees are ridiculous at the moment. If you'd used Ethereum instead it would probably have cost less than a dollar.

[latetothegame]

Thanks. I may have to try another $200 or so just to see how those fees work out. Frustrating waiting on my Gatehub verification for so long.

[at3n]

I know right? Took me about 7 weeks for verification, and that was back in the summer!

[BroCoin]

I just dont see how it took 7 weeks for verification. I have helped dozens of people sign up, many of which were in the last few weeks. And it NEVER took longer than an hour or so

[latetothegame]

You can open an account in an hour but no way you have it verified for usd wire transfer in an hour. I have been waiting over a week. I emailed their support and there response was it takes about 10 days and can be longer when busy.

[latetothegame]

Well etherium certainly costs less to send from Coinbase to Gatehub as it was only a $0.30 fee which is great. But the exchange rates on Gatehub for eth/xrp were much worse than the usd/xrp. So it still ended up costing me. Wish I could trade usd on gatehub.

[Eladio]

It is a Shame.

I made a BTC transaction to GateHub 2 days ago.  

They have "lost/..." my BTCs and I can not do anything. 

I had more than 20 Xrp in my account, I made the trust with BTC, I did everything possible but they stay my money.

I double checked the wallet ID,  I traced the transaction and the BTCs arrived correctly but they are not shown in my wallet. 

PLEASE AVOID Gatehub if you do not want your money to be "lost/...". 

Please make this be known to as much people as we can to avoid this unfair company. I have read in different blogs and Twitter that hundreds (may be more) of people are suffering the same problem.

EDIT: 3 days later my BTCs arrived. Late but they arrived.

Edited January 2, 2018 by Eladio