What is Gatehub? Advantages and disadvantages of using it

¿What is Gatehub?

Gatehub, is an exchange platform created in 2014 by a British company, this platform also works as an exchange and as a wallet.

This wallet allows you to send and receive cryptocurrencies, in turn you can also accumulate them, send virtual currencies to other Gatehub shareholders, which makes its use really easy compared to other wallets.

Gatehub allows you to access online through a web browser, which is available through a desktop, Android or iOS device.

Likewise, it has a fairly intuitive interface model, easy to access; this makes it great for beginning shareholders; what differentiates these wallets from many others is that it not only supports multiple virtual currencies but also real money fiat money.

Cryptocurrencies available

This platform has a selection of limited coins, which we will present below:

Bitcoin (BTC)
Ethereum (ETH)
Dash (DASH)
Augur (REP)
Dólar (USD)
Euro (EUR)

How to create a Gatehub account

Creating a GATEHUB account is relatively easy by visiting the official GATEHUB website.

Click on SIGN UP and a tab will be displayed enter your email and choose a secure password

A special service that the page offers you for more security is an account recovery key if you ever forget your password. as an option you can download it to your computer as a text file. An email will be sent to confirm the activation of your account click on the ‘Activate Account’ button in the email that has been sent to you.

Once you have created your account and logged in, you will be prompted to enter more information. as an individual shareholder or as a company

Enter your phone number once you receive the SMS code, enter the code when you have successfully verified your number, click ‘Continue’.

All you need to do is enter a public username. This is much like a username for a social network is used to receive funds. should not be too long or confusing

The last step is to upload a photo. If you don’t want to, you can click on Skip, I’ll do this later.’

Your wallet is ready to be used, the next thing you have to do is a verification of two agents. This will help the additional security of your account every time you log in a code will arrive on your phone.

Advantages

It is simple and intuitive, perfect for inexperienced users

It has a very structured platform

Implemented payment portal allows the euro and dollar in addition to cryptocurrencies

Relatively secure Maintains its position as trusted exchange platforms

Disadvantages

It had a security breach in 2017 there was a security problem that resulted in the theft of virtual currencies from users.

Lacks security – “hot” wallet