Gatehub and my Ripple

[Keyboardwealth]

I Wanted to exchange 500 XRP to USD. (GateHub) They tell me it is worth a minimum of $1284.90.

When I do the sum @ $3.20 I get $1600.00. Why do they quote $1284.90?  Is that how much I'll get or is that only some sort of estimate?

Am I doing something wrong or is this how much the costs are for only the small amount of value?

Please help

[panmores]

8 minutes ago, Keyboardwealth said:

I Wanted to exchange 500 XRP to USD. (GateHub) They tell me it is worth a minimum of $1284.90.

When I do the sum @ $3.20 I get $1600.00. Why do they quote $1284.90?  Is that how much I'll get or is that only some sort of estimate?

Am I doing something wrong or is this how much the costs are for only the small amount of value?

Please help

You get the market price, which is not $3.2 right now.

Rather $2.65 as we speak, which equals $1,325, so you likely are offered a slightly lower price, plus commission. So $1,284.9 sounds about right.

Or you can make a buy offer for a certain price.

[Raekwon]

3.20 USD is the average price of all markets

Gatehub prices are lower than the average, see below examples for your reference (screenshot from coinmarketcap Markets):

See update below for XRP/USD:

GatehubXRP/USD $2.60 (from CMC)

Edited January 5, 2018 by Raekwon

[Keyboardwealth]

Thanks guys! You have been most helpful. 

I appreciate.