Jump to content

Small remark @Gatehub

kanaas

By kanaas,
in Gateways and Exchanges

 Share

Recommended Posts

kanaas

kanaas

Posted
Posted (edited)

I've noticed that when making an order with exact the same price as another order on the list (that second order coming from whatever other account), that both orders are shown on the orderbook being added up. I can live with that but as a result my order is no more marked, not on the orderbook and not on the graph. No big deal but the marking is a nice feature to see where your orders are situated on the orderbook. The only workaround as a user is to make the orderprice slightly different (ie change it from 0.0062 to 0.006201...)

Edited by kanaas
typo
Link to comment
Share on other sites
  • Replies 17
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

T8493

T8493

Posted
Posted
23 minutes ago, tulo said:

Other remark: why is it possible to send bank payment with hosted wallet only? Isn't the same to use any wallet, in which a payment to gatehub.EUR is made, with currency conversion in Ripple?

Hosted wallet is equivalent to private ledger on bitstamp. When you send IOUs to bitstamp you send IOUs to their address (+destination tag). But in this case you send IOUs to your (hosted) address. Maybe I'm wrong.

Link to comment
Share on other sites
tulo

tulo

Posted
Posted
12 minutes ago, T8493 said:

Hosted wallet is equivalent to private ledger on bitstamp. When you send IOUs to bitstamp you send IOUs to their address (+destination tag). But in this case you send IOUs to your (hosted) address. Maybe I'm wrong.

Yeah, but why do I need two step: send EUR.gatehub to my hosted wallet --> send (redeem) EUR.gatehub to gatehub to perform SEPA.

It can be done in one step only.

Link to comment
Share on other sites
T8493

T8493

Posted
Posted
Just now, tulo said:

It can be done in one step only.

What is this one step?

Their procedure is equivalent to sending IOUs to Bitstamp and then logging in to your Bitstamp account and withdrawing your funds from there. You always need 2 steps: sending IOUs somewhere + providing info for SEPA.

Link to comment
Share on other sites
tulo

tulo

Posted
Posted
6 minutes ago, T8493 said:

What is this one step?

Their procedure is equivalent to sending IOUs to Bitstamp and then logging in to your Bitstamp account and withdrawing your funds from there. You always need 2 steps: sending IOUs somewhere + providing info for SEPA.

The one step is: Select SEPA payment from any wallet, provide data for SEPA, send EUR.gatehub with a particular TAG. 

In this way instead of giving a credit on the hosted wallet, the EUR are directly redeemed and sent as SEPA. The only problem I see is if there is a fee for SEPA, but it can be included directly into the payment.

Link to comment
Share on other sites
kanaas

kanaas

Posted
  • Author
Posted (edited)

 

16 minutes ago, tulo said:

Yeah, but why do I need two step: send EUR.gatehub to my hosted wallet --> send (redeem) EUR.gatehub to gatehub to perform SEPA.

It can be done in one step only.

Regulation/compliance perhaps? From a hosted wallet Gatehub has a full view on what and with who you're sending/receiving. This way they can report when a suspicious transaction needs to be "investigated".When they make it technical possible for you to send a payment straight from a Ripple wallet to a SEPA account, you probably can do SEPA bridging with Ripple accounts on their behalf, but from another wallet/interfacing. On those payments they might have no control or viewing but stil be responsible for the SEPA bridge...

It's also a way to keep your payments/receiving completely private.

Edited by kanaas
Link to comment
Share on other sites
tulo

tulo

Posted
Posted
3 minutes ago, kanaas said:

 

Regulation/compliance perhaps? From a hosted wallet Gatehub has a full view on what and with who you're sending/receiving. This way they can report when a suspicious transaction needs to be "investigated".When they make it technical possible for you to send a payment straight from a Ripple wallet to a SEPA account, you probably can do SEPA bridging with Ripple accounts on their behalf, but from another wallet/interfacing. On those payments they might have no control or viewing but stil be responsible for the SEPA bridge...

It's also a way to keep your payments/receiving completely private.

They still have the full control on SEPA. What they are not in control is Ripple related payments but that is the same as it is now.

And payments would still be private. In both case, a public EUR payment on Ripple is visible and a SEPA payment is private.

Link to comment
Share on other sites
T8493

T8493

Posted
Posted (edited)
32 minutes ago, tulo said:

The one step is: Select SEPA payment from any wallet, provide data for SEPA, send EUR.gatehub with a particular TAG. 

I don't undertand why this is better than the following procedure: send EUR.Gatehub to a special account (hosted wallet) and select SEPA from there?

You imagine that you don't have access to your hosted wallet. Then there is only one step ;)

EDIT: Maybe I don't understand correctly. Do you submit second transaction from hosted wallet to their Ripple account or Gatehub submits this transaction automatically (because it can access the secret of hosted wallet).

Edited by T8493
Link to comment
Share on other sites
tulo

tulo

Posted
Posted
1 minute ago, T8493 said:

I don't undertand why this is better than the following procedure: send EUR.Gatehub to special account (hosted wallet) and select SEPA from there?

 

Because it is too complicated. When I select SEPA from a Ripple account it says: "SEPA are available only from hosted wallet". Then I have to do two payments, and because I know Ripple is fine (but still boring), but imagine a new user. It's overcomplicated and useless. If they want people use it it should be the easier possible.

Link to comment
Share on other sites
T8493

T8493

Posted
Posted (edited)
3 minutes ago, tulo said:

Because it is too complicated. When I select SEPA from a Ripple account it says: "SEPA are available only from hosted wallet". Then I have to do two payments, and because I know Ripple is fine (but still boring), but imagine a new user. It's overcomplicated and useless. If they want people use it it should be the easier possible.

Are you sure that you need to submit second transaction and that Gatehub doesn't submit transaction automatically on your behalf?

Edited by T8493
Link to comment
Share on other sites
T8493

T8493

Posted
Posted
1 minute ago, tulo said:

What kind of transactions do you mean?

First transaction = transaction from your Ripple account to hosted account.

Second transaction = transaction from hosted account to Gatehub account. I *think* (but I'm 100% sure) that they do this transaction automatically (because they have access to secret key AFAIK).

 

Link to comment
Share on other sites
tulo

tulo

Posted
Posted
6 minutes ago, T8493 said:

First transaction = transaction from your Ripple account to hosted account.

Second transaction = transaction from hosted account to Gatehub account. I *think* (but I'm 100% sure) that they do this transaction automatically (because they have access to secret key AFAIK).

 

No, the second payment is not on Ripple...it is on the internal Ledger. But still the user needs to do two payments.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

  I accept