Guidelines to choose trustworthy gateway

Guidelines to choose trustworthy gateway

Postby raghuvirsonghela » Sat Aug 19, 2017 3:38 pm

Hello,

I have been studying cryptocurrencies in general for a while. Now, I am planning to go for some hands-on experience.
I want to decide which gateway I should trust to open an account and start performing transactions.

I know that BitStamp, GateHub and many more are there in the market. But, which parameters/facts shall I use to make such a decision? Do we have any Ripple specific information for that? Or the decision must be made based on other factors (e.g., trends on social media)?

It will be great if I can get guidelines (if any) on how to choose and trust the gateway?

Thanks.
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Re: Guidelines to choose trustworthy gateway

Postby dami888 » Fri Dec 29, 2017 7:19 pm

Just use the ones found on ripples website found here: https://ripple.com/xrp/buy-xrp/

I use https://coinmarketcap.com/exchanges/volume/24-hour/ 24 Hour Volume Rankings (Exchange) to verify the top 10 exchanges (which are usually gateways) as a way to validate that they are still active and operational. The top 10 ranked in coinmarketcap have a huge market share based on the volume they trade and it is unlikely (though not impossible) that they will close down. Hope this helps.
Cheers,
Dami
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Re: Guidelines to choose trustworthy gateway

Postby dami888 » Fri Dec 29, 2017 7:46 pm

Here this is a more direct way of finding out which gateways to use cheers and happy money making :money:
https://coinmarketcap.com/currencies/ripple/#markets
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Re: Guidelines to choose trustworthy gateway

Postby Sukrim » Fri Dec 29, 2017 10:24 pm

Not all of the markets listed on that page are gateways. Actually very few are...
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