XRP difference in Buy and Sell value on Gatehub

[Chappy]

I am using Gatehub.

If I exchange 1000 XRP right now, it is worth $744.

If I want to exchange that $744, I only get 902 Ripple.

This means a difference of 88 XRP which is a lot of "commission" !!

Is this normal??? Very hard to trade with such a high take from Gatehub. Or is this purely related to the sell values that other traders are setting?

[corak]

There is a gigantic spread in the order books accessible from GateHub, please do not use them, you will get inferior prices in both directions.

You can either issue a trade order for a fair price and wait for it to fill (which might take a very long time), or move your funds to an exchange that has better liquidity, such as Bitstamp, Bittrex or Binance, there you will get reasonable spreads and fees.

[Chappy]

thanks Corak, understood. I will definitely rather use the Trade function instead of Exchange from now on if I remain with Gatehub.

I am in South Africa, so my options for exchanges are limited.

[Graine]

4 hours ago, Chappy said:

thanks Corak, understood. I will definitely rather use the Trade function instead of Exchange from now on if I remain with Gatehub.

I am in South Africa, so my options for exchanges are limited.

Why not use local exchanges, like altcoin trader?

[Tonnie]

Do not use the Exchange on Gatehub. Just use Trade.