Chappy Posted February 9, 2018 Share Posted February 9, 2018 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? Link to comment Share on other sites More sharing options...
corak Posted February 9, 2018 Share Posted February 9, 2018 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 1 Link to comment Share on other sites More sharing options...
Chappy Posted February 9, 2018 Author Share Posted February 9, 2018 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. Link to comment Share on other sites More sharing options...
Graine Posted February 9, 2018 Share Posted February 9, 2018 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? Link to comment Share on other sites More sharing options...
Tonnie Posted February 11, 2018 Share Posted February 11, 2018 Do not use the Exchange on Gatehub. Just use Trade. Link to comment Share on other sites More sharing options...
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