GateHub used to be one of the first names people thought of when they wanted to buy or store XRP. Back in 2015, it was a clean, simple platform built right into the XRP Ledger. But today? It’s a different story. If you’re looking at GateHub in 2026, you’re not just choosing a wallet-you’re deciding whether to trust a platform with a history of hacks, high fees, and shaky customer support. And for most people, the answer isn’t yes.
What GateHub Actually Offers
GateHub isn’t a full crypto exchange like Binance or Coinbase. It’s a wallet first, with a built-in trading engine that works only on the XRP Ledger. That means you can hold XRP, BTC, ETH, ETC, and a few other tokens-but only the ones that have been issued on Ripple’s network. You won’t find Solana, Cardano, or even Dogecoin here. GateHub supports just eight cryptocurrencies total, and most of them are there because they’re bridged through the XRP Ledger, not because they’re native.
Its biggest strength is simplicity for XRP users. If you want to send XRP to someone in Japan and get paid in JPY, GateHub lets you do that without leaving the platform. It’s one of the few places where you can swap fiat directly for XRP using USD, EUR, CNY, or JPY. That’s useful if you’re doing cross-border payments and don’t want to jump between five different apps.
The Hidden Costs: Fees That Will Shock You
Here’s the first red flag: GateHub’s fees are among the highest in the industry. According to Crypto Head’s November 2025 review, their trading fees are 376.95% above the industry average. Let’s put that in real terms. On Binance, trading XRP for BTC costs 0.1%. On GateHub? You’re looking at closer to 0.48%-and that’s before you even factor in deposit fees.
Depositing Bitcoin? That’ll cost you 0.00053 BTC. Ethereum deposits? 0.011 ETH. Those aren’t small amounts. If you’re depositing $500 worth of ETH, you’re handing over nearly $40 just to get it on the platform. Compare that to Kraken, which charges nothing for ETH deposits, or Coinbase, which lets you deposit crypto for free (and charges only for withdrawals).
And yes, there’s a mandatory 20 XRP reserve to open any wallet on the XRP Ledger. That’s about $12.60 at current prices. You can’t get around it. It’s not a fee you pay once-it’s money you lock up forever. If you ever close your account, you lose that 20 XRP. That’s not a deposit. That’s a tax on using the network.
Security: A History of Breaches
GateHub has been hacked-twice. In August 2017, $5 million was stolen. In June 2019, almost $10 million vanished. GateHub claimed no user funds were lost because they used a custodial model and covered the losses themselves. But that’s not the point. The point is: a platform that can’t keep its systems secure isn’t a place you want to store your crypto.
Even today, users report account suspensions with no explanation. Some say they got locked out after a simple withdrawal. Others say their funds disappeared for days, only to reappear after contacting support-weeks later. Trustpilot and Reddit threads from late 2024 show 68% of recent users had negative experiences. Common complaints: slow support, unresponsive emails, and transactions that vanish into a black hole.
Two-factor authentication is required, but that’s the bare minimum. No withdrawal whitelisting. No multi-sig options. No cold storage for users. GateHub holds your keys. That’s a big risk.
Who Still Uses GateHub-and Why
There are still people using GateHub. Mostly, they’re long-time XRP holders who remember when it was the only game in town. Some use it because they’re doing frequent XRP-to-fiat conversions and find the integrated payment gateway convenient. A few Reddit users say they’ve had no issues after years of use. One user wrote on forex.wikibit.com: “Money is withdrawn without any problems. Everything suits me. By the way, I’ve been on the site for 4 months.”
But these are the exceptions. The majority of users who stick with GateHub do so out of habit, not choice. They’re not comparing it to other platforms. They’ve just never left.
For new users? Don’t start here. If you’re buying your first XRP, use Kraken or Coinbase. They offer lower fees, better security, and more reliable support. If you need to send XRP internationally, GateHub’s payment gateway is still useful-but only if you’re moving small amounts and aren’t storing large balances.
What’s Missing? A Lot.
GateHub doesn’t offer margin trading. No staking. No recurring buys. No API access for developers. No mobile app that works well-iOS ratings hover around 3.2/5. And if you’re in the UK? You can’t deposit or trade at all. Withdrawals only. That’s not a feature limitation. That’s a regulatory red flag.
Compare that to Coinbase, which supports over 200 cryptocurrencies, offers staking, has a mobile app rated 4.8/5, and lets you buy crypto with a debit card in under a minute. GateHub feels like a relic from 2016-clunky, slow, and stuck in the past.
The Verdict: Only for XRP Purists Who Accept the Risks
GateHub isn’t dead. But it’s not growing. It’s not innovating. It’s surviving on nostalgia and the stubborn loyalty of XRP believers.
If you’re a hardcore XRP fan who wants to send small amounts of XRP to friends overseas and doesn’t mind paying extra fees and accepting the risk of past breaches, then GateHub might still work for you. But if you’re looking for a safe, affordable, reliable place to hold or trade crypto? Keep looking.
There are better options. Kraken. Coinbase. Bitstamp. Even Exodus or Trust Wallet if you just want to store XRP. GateHub’s only real edge is its direct XRP-to-fiat on-ramp. But even that’s being copied now. In 2026, you don’t need to settle for a platform with a broken track record.
Use GateHub if you must. But don’t store more than you’re willing to lose. And never forget: if your keys aren’t yours, your crypto isn’t either.
Is GateHub still safe to use in 2026?
GateHub has a history of security breaches, including two major hacks totaling over $14 million. While the company claims user funds were never lost, the fact that these breaches happened at all raises serious concerns. The platform lacks advanced security features like withdrawal whitelisting or multi-signature wallets. It’s not recommended for storing large amounts of crypto. Use it only for small, active transactions if you must.
Why are GateHub’s fees so high?
GateHub charges fees that are 376.95% above the industry average, according to Crypto Head’s 2025 review. This includes high trading fees and expensive deposit charges (e.g., 0.00053 BTC for Bitcoin). These fees exist because GateHub operates as a niche platform with low volume and limited competition. Unlike larger exchanges, it doesn’t benefit from economies of scale. The fees also help cover the cost of maintaining its fiat gateway and XRP Ledger integrations.
Can I deposit USD or EUR into GateHub?
Yes, you can deposit USD, EUR, CNY, and JPY directly into GateHub to buy XRP. However, the verification process can take several days, and the platform doesn’t support bank transfers from all countries. UK users can no longer deposit or trade, only withdraw. If you need fast fiat on-ramps, platforms like Coinbase or Kraken are faster and more reliable.
What cryptocurrencies does GateHub support?
GateHub supports eight cryptocurrencies: XRP, BTC, ETH, ETC, REP, XLM, LTC, and USD. But most of these aren’t native-they’re issued on the XRP Ledger as tokens. This means they’re not as secure or liquid as their native counterparts. You won’t find Solana, Polkadot, or any newer altcoins here. GateHub’s selection is limited by its reliance on the XRP Ledger’s infrastructure.
Why can’t UK users deposit or trade on GateHub?
GateHub disabled deposit and trading functions for UK customers in late 2024 due to regulatory pressure from the Financial Conduct Authority (FCA). The FCA has cracked down on crypto platforms that don’t meet strict licensing and anti-money laundering standards. GateHub, as a UK-based company, chose to restrict services rather than comply fully. Users can still withdraw funds, but they can’t add new money or trade.
Is GateHub’s mobile app reliable?
The mobile app is available on iOS and Android, but it has a 3.2/5 rating on the App Store. Users report crashes, slow loading, and issues with sending transactions. The interface is outdated and lacks features found in modern wallets. For daily use, it’s better to access GateHub through a desktop browser. If you need a mobile wallet for XRP, consider using Trust Wallet or Exodus instead.
Should I use GateHub to store my XRP long-term?
No. GateHub is a custodial wallet, meaning they hold your private keys. That’s risky. Even if the platform is secure today, a future hack, regulatory shutdown, or company failure could leave you without access. For long-term storage, use a hardware wallet like Ledger or Trezor. GateHub is only suitable for short-term trading or sending small amounts of XRP.
People Comments
Man I’ve been using GateHub since 2017 and honestly? Still works fine for me. I don’t trade big, just send XRP to my cousin in Japan and get paid in JPY. No drama. Fees are high but I don’t care-I’m not trying to get rich, I’m trying to pay someone without waiting 3 days.
Oh wow, another ‘GateHub is dead’ hot take. Newsflash: the XRP Ledger doesn’t need your Coinbase-grade UX to function. You want shiny apps and zero fees? Go play with your DeFi sandwich on Ethereum. Meanwhile, I’ll be here moving value across borders without a single KYC form.
Wait so you’re saying the 20 XRP reserve is a ‘tax’? LOL. That’s literally how the XRP Ledger works. It’s not GateHub’s fault you’re mad about the ledger’s design. Also, if you’re depositing $500 in ETH and losing $40, maybe you shouldn’t be using GateHub at all. This review feels like it was written by someone who’s never actually used it.
They’re tracking your IP and selling your data to the Feds. That’s why the UK got cut off. They’re working with the NSA. I checked the source code-there’s a hidden script that pings a server in Virginia every time you log in. And that 20 XRP reserve? That’s not a ledger fee. That’s a backdoor for the government to freeze your coins. I’ve seen it happen to my cousin’s friend’s neighbor.
GateHub bad. Fees high. Support slow. But I use it for XRP only. Other exchanges too big. I like small platform. Simple. No confusion. Maybe not perfect but works.
Let’s be real here-this entire review is built on the assumption that crypto should be a retail-friendly, low-fee, high-UX experience. That’s not crypto. That’s a bank with a blockchain sticker. GateHub operates on the XRP Ledger, which was designed for efficiency, not convenience. The 20 XRP reserve exists to prevent spam and Sybil attacks. The high fees? They’re a function of low volume and the cost of maintaining a fiat gateway that literally no one else in the space bothers with. You want cheap? Use a centralized exchange. You want decentralization? Then accept the trade-offs. GateHub isn’t failing-it’s holding the line for the original vision.
I think GateHub is like a dusty vinyl record in a Spotify world. It’s not the best way to listen to music, but if you’re the kind of person who likes the crackle, the imperfections, the history-it means something. The platform feels like it remembers when crypto was about ideals, not IPOs. I don’t use it for trading. I use it to send XRP to my grandma so she can pay her garden club dues. She doesn’t know what a blockchain is. But she knows she got her money to Japan in 3 seconds. That’s magic. And magic doesn’t come with a 4.8 App Store rating.
I agree with the review but also kind of get why some people still use it. It’s not perfect, but if you’re already in the XRP ecosystem, it’s easier than switching. I’ve used Kraken and Coinbase too. GateHub’s just… familiar. Like your old car that makes noise but still gets you to work.
OMG I JUST GOT LOCKED OUT FOR 3 WEEKS BECAUSE I WITHDREW 5 XRP. NO EMAIL. NO EXPLANATION. JUST ‘ACCOUNT SUSPENDED’. I’M NOT EVEN MAD. I’M IN APOCALYPSE MODE. THEY’RE ALL CROOKS. I’M MOVING TO TRUST WALLET AND NEVER LOOKING BACK. RIP MY 20 XRP. I’LL NEVER GET IT BACK. THIS PLATFORM IS A SCAM.
GateHub has issues, yes. But for small users in developing countries, it is one of few options to convert XRP to local currency. In India, many banks block crypto. GateHub allows USD to XRP and then local transfer via partner. Not perfect, but helpful. Better than nothing.