Gatehub Rip Off

[Guest]

Right now XRP is over $2

100 XRP should = $200

Look what you get.

[RegalChicken]

if that is actually "right now" pricing then it does seem pretty off. I show gatehub at $2.07ea xrp

[manateehunter]

$2.07 for btc or eth pair, $1.76 for usd...

[Guest]

40 minutes ago, DjemDiamond said:

Right now XRP is over $2

100 XRP should = $200

Look what you get.

Yes, I know. You’re right to point this out.

But we can’t have it both ways I guess? It’s been a great place to buy zerps, price-wise.

One day I’ll sell some, but not there.

[Tonnie]

Thats the difference between an Exchange and a trade

[Guest]

1 minute ago, Tonnie said:

Thats the difference between an Exchange and a trade

$30 for an exchange? Are you mad?

[xh3b4sd]

That is based on how technology and the market works. Nothing to do with Gatehub per se. Exchange takes all your XRPs immediately and converts it to FIAT based on the market, but to the worst price. When you trade you have to lookup the orders on your own and convert based on as many trades as you need to cover your desired amount of FIAT. You can get better prices there but have to do the work on your own.

[xh3b4sd]

BTW Coinbase is doing the same "rip off". 

[Tonnie]

Well, if you dont buy it on a market, you’re buying it from Gatehub...and thats very costly

[Tonnie]

1 minute ago, xh3b4sd said:

BTW Coinbase is doing the same "rip off". 

Yep

[Guest]

When XRP was flat for a few days, Gatehub nearly caught up in price. Still lower by a few cents, but not enough to make it worth the trouble of getting FIAT or other coins there, and then exchanging twice.

[Baka]

why dont you put it in BTC and sell it ? you ll lose too but maybe less

[Guest]

5 minutes ago, JaseEffect said:

When XRP was flat for a few days, Gatehub nearly caught up in price. Still lower by a few cents, but not enough to make it worth the trouble of getting FIAT or other coins there, and then exchanging twice.

Yea I notice that,  the price was very close, when XRP was $1.

1 XRP  =  $0.94 

Which is not bad.

 

The price of XRP has to stop moving then after 2, 3 days Gatehub will get closer.

Makes no sense.

Edited January 2, 2018 by Guest

[Guest]

I think coinbase trading at a premium in GDAX will be a good spot to cash out...just have to weigh that in with their transfer fees, which I think may be offset by the price difference. Then again in two years I think a bank will be holding my "bankers coin"

[bx549]

1 hour ago, Tonnie said:

Thats the difference between an Exchange and a trade

Yep. I made the mistake once. Never again.