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Withdrawing BTC from Gatehub


eSfrY
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I hope someone here can help.  I've been trying to withdraw BTC from my Gatehub account for a few days and I've contacted Gatehub support, all to no avail.

I have an account on Gatehub and my primary wallet specifies I have 49.9608 XRP in it, and 0.0363 BTC in a 'trustline'(?) called SnapSwap.  (See the attached jpg.)  I want to withdraw all the BTC to an external BTC address.  It seems I need to get the BTC out of the SnapSwap trustline and into where? so I can send it out.  I've created a contact with my BTC address so I can select that under "Send Payment", but when I specify the amount of BTC it says my account has insufficient funds or the receiver doesn't accept BTC.

So how do I get my BTC to a place where I can send it out?

Thanks,

 

 

gatehub-1.JPG

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Initiate the transfer/swap from Changelly or Shapeshift. You will transfer it from the Gatehub wallet to another Bitcoin/Litecoin/XPR/ETH wallet. It will go from

Gatehub -> Changelly adx and then on to the 'wallet' address of your choice. I couldn't swap ETH to XRP from Gatehub exchange and did it with Changelly for .65c and made 17% more than I would have from another exchange swap. It literally took 18 minutes to complete.

Remember me when you are rich.

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1 hour ago, namini said:

Snapswap is a defunct gateway, you can still sell the btc but below face value. Are you an old user?

So yes you need to sell the btc for xrp I think, check in trade & exchange page.

So I've started a sell transaction for XRP, but I would REALLY rather just transfer BTC out.  Is there a way I can do that once I get the XRP?  I want to get everything out of my account and close it.

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1 hour ago, Wilbur14 said:

Initiate the transfer/swap from Changelly or Shapeshift. You will transfer it from the Gatehub wallet to another Bitcoin/Litecoin/XPR/ETH wallet. It will go from

Gatehub -> Changelly adx and then on to the 'wallet' address of your choice. I couldn't swap ETH to XRP from Gatehub exchange and did it with Changelly for .65c and made 17% more than I would have from another exchange swap. It literally took 18 minutes to complete.

Remember me when you are rich.

Thanks for the reply, but where do I find Changelly or Shapeshift?  There doesn't seem to be an option for those anywhere that I can find.  Yea, you'll probably have to hold my hand and walk me through it.... :-(  As stated above, I REALLY just want to convert everything in my wallet to BTC and send it out and close the account.

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7 minutes ago, eSfrY said:

Thanks for the reply, but where do I find Changelly or Shapeshift?  There doesn't seem to be an option for those anywhere that I can find.  Yea, you'll probably have to hold my hand and walk me through it.... :-(  As stated above, I REALLY just want to convert everything in my wallet to BTC and send it out and close the account.

www.changelly.com 

Be slow and methodical. It is really simple. If you need help, post here. I am arbitraging all night.

 

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On 5/10/2017 at 9:31 AM, namini said:

You don't need shapeshift or changelly, you need to convert your Snapswap.BTC to Gatehub.BTC, directly or by converting to XRP first.

You can only do that on Gatehub website.

Attempting to "exchange" the 0.0363478 BTC from Snapswap results in "You will get exactly $22.76"  I'm not doing that because at today's USD/BTC price of about $1850 I should get around $67.  So $22.76 is nowhere close to a fair price.  Other options such as XRP seem just as funky.

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On 5/9/2017 at 9:35 PM, Wilbur14 said:

www.changelly.com 

Be slow and methodical. It is really simple. If you need help, post here. I am arbitraging all night.

 

changelly requires me to send them the BTC.  The problem is Gatehub won't let me send out BTC.  If it did I wouldn't be having this problem.

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12 minutes ago, eSfrY said:

changelly requires me to send them the BTC.  The problem is Gatehub won't let me send out BTC.  If it did I wouldn't be having this problem.

Sorry. I am doing transfers into my Gatehub wallets (trusts). I did read an article this morning that there are ~ 100,000 bitcoin transactions on backlog. Doesn't sound like that is your problem though. Good luck. I know the Gatehub engineers are working hard on it.

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6 minutes ago, Wilbur14 said:

Sorry. I am doing transfers into my Gatehub wallets (trusts). I did read an article this morning that there are ~ 100,000 bitcoin transactions on backlog. Doesn't sound like that is your problem though. Good luck. I know the Gatehub engineers are working hard on it.

I very much appreciate your effort to help, even if it didn't work.  Right now I've got a sell order to sell the BTC for XRP for what seems a fair price.  I'll see how that goes.  I noticed XRP seems to have exploded overnight.

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You will only be able to sell them at the price someone agree to buy them from you. Again Snapswap has been a dead gateway for years, but the iou is still traded by some people.

 

You (and people still having snapswap btc) might want to check this post too:

https://www.xrpchat.com/topic/4543-absurd-exchange-rate-when-trying-to-send-bitcoin-payment-on-gatehub/#comment-43776

Edited by namini
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