Mac Posted January 4, 2018 Share Posted January 4, 2018 2 hours ago, moto377 said: Just noticed some good news if you use GateHub - within the last hour XRP jumped up on GateHub and now trading more in-line with Bitstamp and Kraken. All three within $0.10 of each other as of this post. It has been a long time since I have seen GateHub trading competitively with other exchanges. We shall see if it holds. I noticed something similar this morning. Gatehub usually trades, on average, between 66 and 75% of coingecko's average price, but today Gatehub was running at 85%. Link to comment Share on other sites More sharing options...
LongTimeLurker Posted January 4, 2018 Author Share Posted January 4, 2018 8 hours ago, Mac said: At Longtimelurker, but remember, you also purchased at the whacky bargain basement price so you cant be losing. @MacGood Point - You'd think I got a deal, but I didn't. Otherwise everyone would be making that easy arb. My "purchase" wasn't from USD to XRP, it was from ETH to XRP. So the XTH/XRP conversion I got was decent, maybe got gipped 5% max. Here's the current math. I can swap one ETH into "at least" 266.98 XRP. Trust me you get basically exactly that "at least" as I have tried several times. So using bitsamp pricing, ETH is at 938 and XRP is at 3.30. So you'd expect to get 284 ish XRP. Subtract 0.2% fee gets you down to 278 or so. But you're only actually getting ~267. So through the exchange you lose out on something like 4-5%. That's enormous slippage if you are talking trading stocks, but I think at this stage in the game it's acceptable. The reason this "works" as others mentioned is because ETH price is also messed up on Gatehub, and the level is just so that the conversion isn't terrible. So theoretically the "arb" here is to wait until only one of the prices is completely messed up in the other direction lol. In this case they are both lower than bitstamp. Here is converting to USD With XRP at 3.30, you are getting royally screwed at getting 2.86. So that's what I'm saying to be careful about. You're better off taking a smaller hit by going into BTC or ETH and then you can move that off much easier. Mac 1 Link to comment Share on other sites More sharing options...
SS_Snowboarder Posted January 4, 2018 Share Posted January 4, 2018 3 hours ago, LongTimeLurker said: @MacGood Point - You'd think I got a deal, but I didn't. Otherwise everyone would be making that easy arb. My "purchase" wasn't from USD to XRP, it was from ETH to XRP. So the XTH/XRP conversion I got was decent, maybe got gipped 5% max. Here's the current math. I can swap one ETH into "at least" 266.98 XRP. Trust me you get basically exactly that "at least" as I have tried several times. So using bitsamp pricing, ETH is at 938 and XRP is at 3.30. So you'd expect to get 284 ish XRP. Subtract 0.2% fee gets you down to 278 or so. But you're only actually getting ~267. So through the exchange you lose out on something like 4-5%. That's enormous slippage if you are talking trading stocks, but I think at this stage in the game it's acceptable. The reason this "works" as others mentioned is because ETH price is also messed up on Gatehub, and the level is just so that the conversion isn't terrible. So theoretically the "arb" here is to wait until only one of the prices is completely messed up in the other direction lol. In this case they are both lower than bitstamp. Here is converting to USD With XRP at 3.30, you are getting royally screwed at getting 2.86. So that's what I'm saying to be careful about. You're better off taking a smaller hit by going into BTC or ETH and then you can move that off much easier. Everyone needs to use the TRADE option on Gatehub not Exchange it's a way better rate. Mac 1 Link to comment Share on other sites More sharing options...
LongTimeLurker Posted January 5, 2018 Author Share Posted January 5, 2018 Thank you. The Trade page is where i was getting my numbers from. Market is still thinner than bitstamp, although I admit I have seen it get closer to exchanges like Bitstamp ironically since I started the thread. Link to comment Share on other sites More sharing options...
LongTimeLurker Posted January 5, 2018 Author Share Posted January 5, 2018 Right now you can drive a truck through the bid/ask of ETH. Trading under 950 while should be at 975 Link to comment Share on other sites More sharing options...
LongTimeLurker Posted January 7, 2018 Author Share Posted January 7, 2018 Update on my activity - Opened up a Binance account. Transferred everything there. Bye Gatehub Link to comment Share on other sites More sharing options...
XRPHillbilly Posted January 9, 2018 Share Posted January 9, 2018 Has anyone requested USD from Gatehub to your checking account? I did this 12 days ago, and have not yet received my deposit. I have emailed Gatehub twice and all I get is an automated response. Any suggestions? Link to comment Share on other sites More sharing options...
Jonsereds Posted January 10, 2018 Share Posted January 10, 2018 On 1/7/2018 at 6:22 AM, LongTimeLurker said: Update on my activity - Opened up a Binance account. Transferred everything there. Bye Gatehub Did your coins actually get fully transferred? Link to comment Share on other sites More sharing options...
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