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Как продать Ripple за доллары США или биткойн - Binaryx

How To Sell Ripple For USD Or Bitcoin

The price of the Ripple digital coin continues to rise. It’s due to significant interest from traders and investors, despite the case with the SEC. However, problems with regulators did not prevent them from enlisting strong partner support. Thus, Asian banks are interested in the new technology. At the beginning of 2018, the Moneygram global transfer service signed the Ripple partnership agreement. This company expects to speed up and reduce the cost of transfers around the world through XRP. Therefore, many traders and investors have paid more attention to Ripple. Let’s find out how to sell this asset in USD or Bitcoin. 

How to sell Ripple for USD with Binaryx

Many analysts advise against getting rid of coins as soon as possible. After a series of negative news, many exchanges are back to work with Ripple. Therefore, the price of this asset is growing quite naturally. In short, the “SWIFT killer” is back in action!

But if you are still eager to sell your crypto, then there are a couple of ways. You can sell Ripple tokens directly for US dollars on an exchange that works with both currencies or exchange XRP for another crypto and only then convert it to USD. You’ll have more options in the latter case, but the process will take a bit longer.

In this article, you will learn how to sell XRP for dollars using the Binaryx cryptocurrency exchange.

Attention! The transaction does not take place at once. It may occur after a while.

Steps to selling Ripple for USD

To sell XRP tokens on the Binaryx exchange, follow these steps:

  1. Create an account using your email or social media account (Facebook, Twitter, Google);
  2. Go through the identity verification procedure. To do this, you need to provide pictures of documents – passport, ID card, driver’s license, or residence permit. It’s also necessary to pass a biometric face check;
  3. Deposit a certain amount of XRP into your account. At the same time, there is no exchange commission. Remember that you must use the deposit address and the deposit tag when recharging your account with Ripple. You can get this data in your wallet. And be sure to type the address and the tag correctly; otherwise, the coins won’t be credited to the account.
  4. Sell ​​XRP coins and buy US dollars through the “Quick Buy” menu. To do this, you need to select the sale currency (Ripple) and enter the amount. After that, do the same with the purchase currency (US dollar). We press the button “Buy,” and in the window of confirmation of the operation – “Confirm.”
  5. Withdraw the received USD from the account to the card or via bank transfer. 

Verification processes

Now let’s talk about how to go through the verification procedure. It’s required to withdraw money from the exchange. For example, let’s take the passage of KYC using a passport.

  1. Hover the cursor over the photo in the upper right corner of the screen and click on the “Account Settings” item.
  2. In the menu that appears, select “KYC.”
  3. The system will ask you to read the verification rules. After that, click “Continue on this device” or scan the QR code using your smartphone (if you want to continue the procedure on it).
  4. Please read the Terms of Service, Privacy Policy, and Returns Policy carefully. If you agree with their terms, check the appropriate boxes and click “Next Step.”
  5. Select your country of residence and the type of identity document (in our case, a passport).
  6. Take an unfolded photo of the first two pages of your document, following the on-screen instructions.
  7. Upload the resulting photos to the site and click “Confirm and Continue.”

After the download is complete, the second stage of verification will begin – biometric face verification. To do this:

  1. Take a selfie through your smartphone’s front camera or your PC/laptop webcam. The system will ask for permission to access the camera.
  2. Look into the camera and turn your head clockwise, filling in the stripes around your head.
  3. Make sure you can see your face on the screen.
  4. As soon as all strips turn green, a notification about the results of the check will appear. Sometimes it is necessary to re-pass the biometric verification.

In the end, you need to wait a while while the system checks the user data. A letter with the results of the check comes to your e-mail.

After passing the KYC procedure, you can withdraw the US dollars received from the sale of Ripple.

Fees and USD withdrawal methods

Depositing XRP to your Binaryx account is free. The minimum deposit amount is 1 XRP. Withdrawal of funds in US dollars to a card or bank transfer will be available on the exchange very soon!

Trading XRP to another cryptocurrency

Now it’s time to go through the exchange of Ripple tokens for another digital currency. Let’s see how you can do this on the Binaryx exchange through a trading terminal. 

Trading Ripple for another cryptocurrency on Binaryx

Many currency pairs can be traded on the Binaryx crypto exchange. Let’s take a look at the three most popular options to trade Ripple.

XRP/BTC

  1. Create a new account here. After that, check your email inbox, find a confirmation letter and click on the button (or the link below if it doesn’t work).
  2. Go through the verification procedure. How to do this, read in the “Verification process” section.
  3. Deposit XRP to your account through the wallet menu or in the purchase module in your account.
  4. After that, go to the trading terminal by clicking “Trade” at the screen’s top.
  5. Select the XRP/BTC currency pair and create a limit order with the desired price.
  6. As soon as the order is executed, go to the “Wallet” menu and check for BTC availability.

XRP/ETH

  1. Create a new account here. After that, check your email inbox, find a confirmation letter and click on the button (or the link below if it doesn’t work).
  2. Go through the verification procedure. How to do this, read in the “Verification process” section.
  3. Deposit XRP to your account through the wallet menu or in the purchase module in your account.
  4. After that, go to the trading terminal by clicking “Trade” at the screen’s top.
  5. Select the XRP/ETH currency pair and create a limit order with the desired price.
  6. As soon as the order is executed, go to the “Wallet” menu and check for ETH availability.

XRP/LTC

  1. Create a new account here. After that, check your email inbox, find a confirmation letter and click on the button (or the link below if it doesn’t work).
  2. Go through the verification procedure. How to do this, read in the “Verification process” section.
  3. Deposit XRP to your account through the wallet menu or in the purchase module in your account.
  4. After that, go to the trading terminal by clicking “Trade” at the screen’s top.
  5. Select the XRP/LTC currency pair and create a limit order with the desired price.
  6. As soon as the order is executed, go to the “Wallet” menu and check for ETH availability. 

How to sell Ripple via peer-to-peer networks

Now is the time to talk about other ways to sell XRP. There is only one way to buy or sell Ripple securely through a peer-to-peer network, and that is by using the P2P service Cointal.

Why use this method? Despite some limitations in operation, selling XRP through a peer-to-peer network has more benefits over traditional exchanges:

  • the exchange of funds is controlled by software;
  • both parties to the transaction are connected automatically.

Therefore, the Cointal service does not require KYC. It means that you can keep your data private. To create an account and check out new offers from Cointal, visit cointal.com.

The user is taken to a page with a list of currencies and offers to buy/sell an asset. In our case, select “Sell” and the Ripple currency. Next, we indicate the amount we want to receive for digital coins and the sale currency – the US dollar. A list of available offers will appear below. 

Cointal fees

Cointal will automatically charge a small commission of the transaction. Depositing funds to the wallet and buying assets costs zero. For withdrawing money and selling crypto, 1% of the transaction amount is withheld. 

Safety tips for trading P2P

Let’s talk about the safe work on such platforms. P2P sites act as an intermediary between a buyer and a seller. Therefore, they won’t be able to protect your rights after theft or fraud. You may be wondering why to take such a risk at all.

Luckily, Cointal offers two ways to protect yourself from fraudsters. First, victims can expect to receive some compensation. Secondly, there is a rating of trust in a particular user. After each transaction, the system offers to evaluate the “reliability” of the seller. Naturally, with successful deals, a high score from the community is guaranteed. However, Cointal advises checking each time to see if there is a “trusted seller” tag next to your username. Moreover, don’t forget to make your contribution and leave ratings to sellers on the service.

And finally, the standard rule of digital literacy: don’t share any personal data with Cointal users. The system doesn’t ask for a phone number or e-mail. If other users do this, immediately report to Cointal support. 

Should I sell Ripple?

This question is asked by almost anyone who works with this asset. After all, it is rather challenging to predict cryptocurrencies’ behavior in a given period. It’s due to the overall volatility of the crypto market.

However, the Ripple coin has already established itself as one of the most stable digital coins on the market. At the moment, the asset is among the top 5 currencies in terms of market cap. That is, XRP is now on par with such top cryptocurrencies as Bitcoin and Ethereum.

It is also worth saying a few words about the stability of the blockchain. Ripple’s distributed ledger is considered one of the most modern and highly productive networks. It processes over 1500 operations per second. According to this indicator, the XRP network has gone far ahead of the BTC, whose indicator is 7 transactions per second.

And, of course, we have already talked about a large number of partners. So, the most influential financial organizations and IT giants – Apple, Santander, Western Union, and many others – are interested in Ripple technology. All of this directly affects the future profitability of XRP as a crypto asset.

Therefore, you shouldn’t google for advice. At the moment, the Ripple digital coin can be called, without exaggeration, one of the most adequate and safe investments. But if there is a desire to sell coins and get real money for them, this is also possible. Luckily, there are enough options for action. And the Binaryx exchange offers convenient opportunities for selling XRP and top tools for market analysis. They will help you make essential decisions in the crypto trading process. 

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