Ripple exchange (XRP) – how to exchange Ripple for rubles, dollars, cryptocurrency on the exchange and exchanger

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The Ripple cryptocurrency is a digital asset used to carry out fast, non-refundable transactions with very low fees anywhere in the world. As you know, bank transfers are carried out within a few days, while a considerable commission is taken for servicing the operation. Ripple technology allows such transfers to be made in a matter of seconds, and the commission will amount to a few cents. The main problem of all cryptocurrencies is scaling, Ripple has a capacity of 1500 transactions per second and, most importantly, there is an opportunity to scale and increase this indicator several times.

How to exchange Ripple for rubles, dollars, other fiat currencies and cryptocurrencies:

  • Ripple exchange (XRP) on the cryptocurrency exchange: Exmo. There are sites that have deposits and withdrawals only in cryptocurrency, on others – there is an opportunity to use traditional currencies.
  • Through exchangers, the most reliable of them for exchanging Ripple are Prostocash, 60cek, Baksman, Kassa.

The Ripple cryptocurrency is trading above $ 3 XRP as of January 4, 2019. The rate has increased by more than 50% since the beginning of the year. There is good news on the development of ripple, banks are testing technologies, the coin is being added to exchanges, there is every reason to believe that the value will still grow significantly.

Market capitalization is growing and has already reached $ 125 billion:

Article review: how and where to buy Ripple.

Ripple (XRP) exchange via exchanges

Today, the main way to exchange Ripple is to use the exchanges where this cryptocurrency is traded. Initially, you need to make sure that the coin is included in the listing, and then, see which pairs are traded with and how the money is withdrawn. See if the exchange works with fiat money if you need to exchange XRP for rubles, dollars, euros, and so on. If you need to exchange XRP for cryptocurrency (Bitcoin, Ethereum, Dash, Litecoin and others), then you can do this on almost any exchange where it is listed.

For example, on the Russian-language exchange Exmo, the following pairs XRP / BTC, XRP / USD, XRP / RUB are available:

Instructions for exchanging Ripple on the Exmo exchange:

  • After registering on the exmo.me website and confirming by e-mail, to replenish the balance of the exchange and transfer the XRP cryptocurrency to it, go to the “Wallet” section and in the line opposite XRP, click “Replenish”:
  • You will see the address for receiving Ripple and the Destination tag – a unique indicator of a wallet on the network. The minimum amount is 10 XRP.
  • Next, transfer Ripple to the exchange from another wallet, for example, from Gatehub, specifying the address, destination tag and quantity in the form:
  • Enrollment on the Exmo exchange is almost instant. After that, Ripple can be exchanged in the “Exchange” section – at the market rate, choosing only the direction (XRP for rubles, dollars or bitcoin)
  • Or make an exchange through the “Trades” section by placing a sell limit or “by market” order. To do this, you need to select a currency pair, for example, XRP / USD:
  • At the bottom, under the chart, select the required type of order: by limit – you specify the selling price yourself. For example, exchange 100,000 XRP for dollars at a price of 3.05 USD. Now, the cost of Ripple is $ 2.99, when it becomes $ 3.05, the exchange order will be triggered.
  • “By market” – the sale will take place instantly at the current exchange rate, indicate only the amount of XRP to be exchanged:
  • Once the exchange has taken place, you can withdraw money. For example, the following methods are available from the USD account: Payeer, Okpay, Visa and Mastercard (after verification), Perfect Money, Advcash and others.
  • You can create an EX-code and cash it out in the exchanger where they are accepted.

Continued review article: how to withdraw Ripple (XRP) from the exchange and wallet.

How to exchange Ripple with Gatehub

Gatehub is not only a wallet for storing coins, but also a platform for buying, trading and exchanging Ripple for cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Dash, Bitcoin Cash (BCH), REP, QAU, DASH. Many people mistakenly consider it the official wallet and platform for conducting transactions with XRP. But, the official representatives of the Ripple company said that they have no connections with this service and do not guarantee its work.

Gatehub is an ordinary cryptocurrency exchange, but with unfavorable conditions. For example, to get started and activate the wallet, you need to top up with 20 XRP. This amount is not a downgrade balance and is not available for withdrawal. It turns out only for activation you need to pay $ 40-50 at the rate. In addition, not favorable exchange rates and a limited number of cryptocurrencies.

I do not recommend using the Gatehub service to exchange Ripple, there are many cryptocurrency exchanges (for example, Exmo) with better conditions, with the ability to exchange and withdraw to fiat. But, some people have a desire to use the Gethub, so I will briefly describe the process.

Verification on the gatehub.net website is only needed when working with fiat (bank transfers), when making transactions with cryptocurrency, it is not necessary to verify the account.

Learn more about registration and activation in the article: Ripple Official Wallet (XRP).

If you already have a cryptocurrency on your balance, then you can immediately go to the “Exchange” section and exchange Ripple for other coins or for dollars and euros after verification:

The XRP exchange through the “Exchange” will happen instantly.

Also, you can exchange Ripple’s cryptocurrency through “Trade”. Choose a currency pair and create an order indicating the value and quantity.

For example, the screenshot shows how to exchange Ripple (XRP) for Bitcoin (BTC). To do this, select the currency data from the drop-down list and fill out a limit order: buy 1 BTC for 5840 XRP and click “Buy”. Now the rate is higher, 5843, and as soon as it becomes equal to the one indicated in the order, an exchange will take place.

For clarity, the page contains the order book and the history of the latest trade deals:

If you have Ripple on another wallet, then to transfer them and replenish the balance on Gatehub, you need to click “Deposit / Receive”, select the method of replenishment and send the cryptocurrency to the specified address.

For example, when replenishing with Ripple cryptocurrency, copy only the address, since the Destination tag is not used on the Gatehub service (if it must be indicated when transferring, for example, from a cryptocurrency exchange, specify any whole numbers):

Transfer through Ripple will happen instantly, if you transfer other cryptocurrencies – within a few hours.

Continuing the review: rating of cryptocurrency exchanges.

How to exchange Ripple in the exchanger

Another way to exchange Ripple is to use online e-currency exchangers. Not many people work with this cryptocurrency, but we can recommend one – Prostocash, 60cek, Baksman, Kassa. Available directions: Advcash, Qiwi, Yandex money, Payeer, Sberbank, Alfa-Bank, Ethereum, Bitcoin, Dash, Litecoin, Monero, Zcash and other payment systems.

To make an exchange transaction, select the currency that you give and receive. For example, the exchange of Sberbank rubles for Ripple (XRP):

And then enter the required data – Ripple wallet address; Destination tag – if needed (when transferring to the Gatehub wallet, do not indicate it or simply indicate any numbers; when transferring to the exchange, this tag is most likely needed and you will receive it):

For example, if you transfer Ripple to the Exmo exchange, then copy the address and Destination tag:

After confirming the transaction on the network, you will receive Ripple to the specified address. You can track the status at bithomp.com or xrpcharts.ripple.com.

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