Cashing out with GateHub
Converting your tokens into fiat
Last updated
Converting your tokens into fiat
Last updated
For years, GateHub has been a strong member of the XRP Ledger (XRPL) community and has worked with us (and many others) to help expand the ecosystem and make it a great place to do business. Recently we have added a feature to make off-ramping crypto a truly quick and easy process by integrating their platform directly through Xaman (formerly Xumm). This integration makes both on and off-ramping simple and efficient via the GateHub site.
GateHub is a payment gateway platform that allows you to buy, sell, trade and store digital currency. They have also issued over a dozen different tokens on the XRPL, including XAH, USDT, USDC, GALA, Flare, SGB, EUR, USD and GBP. All of their issued currencies will be honored by them as the actual asset they represent. The on/off-ramp feature requires the use of GateHub's issued coins.
Check out this article for more information:
1) Open an account at GateHub and activate it with 10 XRP.
Part of the process of opening an account includes going through the KYC process. You must successfully complete this process via the GateHub registration in order for our service to work.
1) Launch Xaman and tap the GateHub issued currency you would like to send to your bank account. (In this example, we are sending GH-EUR.)
2) Tap the Withdraw Euro button.
3) Enter your contact information and the appropriate information about your bank, then press the Continue button.
Note: The information you enter into this screen will be saved for future use. The Contact Name is the name you are going to give this information. Most people would call it, "Bank of America Account" or "Deutsche Bank Account" or "Whatever bank you are going to send your fiat to account".
4) Enter the amount you would like to send to your bank. Press Continue when done.
(In our example, we are sending 10 Euro.)
5) Review your transaction to make sure it is correct. Press Continue when done.
6) Review the transaction again and sign it with Xaman.
It could take anywhere from 1 to 3 business days for your funds to arrive in your bank account.
Ultimately this depends on how long GateHub takes to process the transaction, and how long your bank takes to process it on their end.
Unfortunately there is no way to do this. Xaman does not receive any information about the transfer after it has been initiated.
GateHub support can be reached here if you have any questions about your transfer or:
