GateHub supported wallet types are XRP Ledger wallets and GateHub hosted wallets. Your account can hold up to 40 GateHub hosted or XRP Ledger wallets.
XRP Ledger wallets
An XRP Ledger wallet (also called XRP Ledger address or XRP Ledger account) exists on the XRP Ledger (formerly known as Ripple Consensus Ledger) and is publicly visible.
It is not tied to your GateHub account and can be exported elsewhere.
An XRP Ledger wallet allows you to receive and send funds, as well as trade funds on the XRP Ledger through the GateHub “TRADE” or “EXCHANGE” interfaces.
In order to gain functionality, an XRP Ledger wallet must be activated with at least 10 XRP and it must hold that amount of XRP at all times as required by the XRP Ledger protocol. This is called the XRP reserve and its purpose is spam protection.
GateHub hosted wallets
GateHub hosted wallets are stored on GateHub private servers and are not publicly visible.
A hosted wallet allows you to receive and send funds as well as exchange certain cryptocurrency pairs (available cryptocurrencies for exchange in hosted wallets are XRP, EUR, USD, BTC, and ETH) and does not need to be funded.
The "Trade" option is currently not supported in hosted wallets.
Switching between your wallets
You will occasionally need to switch between wallets in order to perform actions with a specific wallet like deposit, withdraw or trade your funds.
To switch between the wallets:
- Go to the wallet drop-down menu located in the upper-left corner of a screen.
- Click on the desired wallet to switch.