No Result
View All Result
Advertise
Submit a Press Release
Contact Us
Coindoo
  • Cryptocurrency News
    • All
    • Bitcoin News
    • Ethereum News
    • Litecoin News
    • Ripple News
    Central Bank of Bahrain

    Central Bank of Bahrain Launches Sandbox for Blockchain Firms

    SEC Sets October 26 as the New Deadline For Submitting Comments on Bitcoin ETFs

    VanEck-Cboe Bitcoin ETF Proposal is Registered in the Federal Register

    gambling

    Blockchain Projects that Have Changed the Gambling Industry

    wallet app

    Coinbase Wallet App Now Supports Bitcoin Cash (BCH)

    crypto exchange

    Top 5 Barriers Reliable Crypto Exchanges Could Face

    Finablr RippleNet

    Instamatch Global to Test R3’s Corda Platform using Ripple (XRP)

    Trending Tags

    • ethereum
    • ripple
    • Tron
    • bitcoin
  • Analyzes & Reviews
  • Guides & Tutorials
    Where and How to Buy, Sell and Trade Litecoin Cash (LCC)

    Where and How to Buy, Sell and Trade Litecoin Cash (LCC)

    crypto

    The Beginners Guide to Everything Crypto

    9 Blockchain Technology Predictions for 2019

    9 Blockchain Technology Predictions for 2019

    Best Bitcoin Cash (BCH) Wallets for 2019

    Best Bitcoin Cash (BCH) Wallets for 2019

  • Events
No Result
View All Result
Coindoo
No Result
View All Result
Home Blockchain Guides & Tutorials

How to Convert Ripple to USD | Best Ways to Turn XRP into Cash

Anca Faget by Anca Faget
February 5, 2019
in Blockchain Guides & Tutorials
How to Convert Ripple to USD | Best Ways to Turn XRP into Cash

Ripple is a payment network and virtual currency which enable the processing of cross-border transactions in a faster and cheaper manner. The company has established hundreds of partnerships and collaborations with banks and merchants, its list of members constantly expanding.

At the time of writing, XRP ranks 2nd, having a market cap of $12,281,091,139 USD, and a current trading price of $0.298308 USD.

Below, we will look at the best ways to convert Ripple to USD.

Via Wirex Debit Cards

Wirex is a physical and virtual Visa debit card provider based in the UK, which links these account with crypto wallets in order to allow users to buy, pay, or withdrawal cryptocurrency, as well as convert it to local currencies anywhere Visa is accepted.

In July 2018, Wirex added support for XRP to its crypto Visa card.

Wirex Fees

The Wirex card can be ordered free of charge, but a monthly fee is charged to keep the account active. A Wirex virtual card will incur a cost of $3 and can be used right away after being purchased. A debit card will cost you $17, including the shipping fee.

Both virtual and physical debit cards enable its owners to fund their accounts via domestic and international bank transfers. Banks from 68 countries are associated with the card issuer, including big names such as Barclays, the Royal Bank of Scotland, Lloyds, and ING.

Creating a Wirex account

  • Enter Wirex website and register.
  • Confirm your account when you receive your account verification link.
  • Log in with credentials.
  • Enter your country code and phone number, then enter the verification code you will receive to verify your phone number.

 Funding Wirex Account with XRP

  • Log into Wirex account.
  • Select XRP from the list of cryptos.
  • Generate your XRP wallet address for this wallet and QR code.
  • You can transfer the funds yourself from your XRP wallet by using the address of your Wirex wallet. Other altcoins that you send are converted into XRP by ShapeShift and then sent to your wallet.

Via XRP ATM

A Japanese company has introduced an ATM machine which enables users to exchange their cryptocurrency and cash out in Japan’s fiat currency, the Yen.

A Twitter user that has the account handle @Matveevp posted a video showing how he exchanged his XRP for cash by using an ATM located in Japan. In the clip, Pavel Matveev introduced his XRP pre-loaded Wirex Visa card and made several configurations to withdraw his money in the Japanese currency.

Matveev then selects the withdrawal option, enters the amount and his card pin number and then the ATM gives him 10,000 JPY.

At an ATM in #Japan – Converting #XRP to #cash in seconds 👌#xrpthestandard @ripple @bgarlinghouse @chrislarsensf @JoelKatz @OKITATakashi @CoryTV @yoshitaka_kitao @marcus_treacher @wsculley @businessinsider pic.twitter.com/Fy9jr3AhdH

— Pavel Matveev (@matveevp) September 24, 2018

Exchanges to work with

– Exmo

EXMO is a cryptocurrency exchange established in 2013 which is headquartered in the UK. It supports popular cryptos such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) in addition to Ripple (XRP).

There are various transfer methods available including credit card, cryptocurrency, bank transfer (SEPA), wire transfer, and the platform supports five fiat currencies: USD, EUR, RUB, PLN, UAH.

You will be required to provide a copy of your passport or an ID card, proof of residence, a printed and signed user agreement, and picture of you holding the ID with their EXMO account open in the background.

Deposits are free, but cash withdrawals and debit card withdrawals are not accepted.  A 0.2% trading fee is charged for all transactions and withdrawal fees vary depending on the coin you use. For XRP the fee is 0.02 XRP.

Wire transfer withdrawals incur a $20 fee, Visa/Mastercard: 3% + $5 (USD), 3% + €5 (EUR), while Advcash withdrawals are free of charge.

– Kraken

This San Francisco-based exchange handles most of the EUR volume and was among the first trading platforms to support the Ripple cryptocurrency.

The registration process is easy, but it can take up to days to get an account due to a rise in customers. Fees are calculated according to the amount of the trade as a percentage of its currency volume. It accepts the following fiat currencies: USD, EUR, GBP, JPY, CAD.

Kraken is in the second largest exchange with the highest volumes of Ripple for Euro pairs, and it also supports the XRP/BTC and XRP/USD pairs.

– Binance

Binance features the most competitive fees on the market, and if you use their native Binance token in transactions, your exchange fees are discounted. This is a good option to use if you are planning on buying larger amounts and already have BNB in your wallet. It charges a trading fee of 0.1%, while withdrawal fees vary.

Deposit options are limited, as they only accept cryptocurrencies. Ripple (XRP) is available on Binance in XRP/BTC and XRP/ETH trading pairs, featuring decent volumes for larger orders.

Final words

If you are looking to convert Ripple to USD, then you should know that you can do so by using Wirex and its services. Always pay close attention to registration, payment and transfer requirements, and the same applies to using exchanges if you are interested in purchasing XRP.

Tags: Convert Ripple to USDcryptocurrencyrippleWirex Debit Card
Anca Faget

Anca Faget

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

Related Posts

Where and How to Buy, Sell and Trade Litecoin Cash (LCC)

Where and How to Buy, Sell and Trade Litecoin Cash (LCC)

by Anca Faget
February 14, 2019
0

Litecoin Cash is one of the newest hard forks to have entered the market, its parent coin being Litecoin, the...

crypto

The Beginners Guide to Everything Crypto

by Marina Bahova
February 21, 2019
0

Introduction Cryptocurrency is quickly increasing in popularity and gaining acceptance within mainstream society. This new and exciting product grants investors...

Best Bitcoin Cash (BCH) Wallets for 2019

Best Bitcoin Cash (BCH) Wallets for 2019

by Anca Faget
February 14, 2019
0

Bitcoin Cash is a forked coin from Bitcoin in 2017. If you are interested in purchasing and trading with BCH you...

crypto exchange

Top 5 Barriers Reliable Crypto Exchanges Could Face

by Erick Stingaciu
February 20, 2019
0

Exchanges that facilitate trading are an integral part of the crypto industry. Without platforms like Coinbase and CEX, investors would...

Finablr RippleNet

Instamatch Global to Test R3’s Corda Platform using Ripple (XRP)

by Solomon Magawi
February 20, 2019
0

Enterprise blockchain company R3 is partnering with Instamatch Global. The partnership aims to test R3’s Corda Settler’s ability to settle...

Load More

We Recommend

Top Rated Casinos
Bitstarz Casino
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Editor's Choice

gambling
Cryptocurrency News

Blockchain Projects that Have Changed the Gambling Industry

by Erick Stingaciu
February 20, 2019
0

Prime XBT: Helping You Build Cryptocurrency Wealth with 100X Leverage

Prime XBT: Helping You Build Cryptocurrency Wealth with 100X Leverage

January 8, 2019
bitcoin casino

Tips on How to Choose a Bitcoin Casino

January 7, 2019

5 Minutes of Blockchain & Cryptocurrency News!

We completely understand that your inbox is already full of junk emails. We promise that we gonna try to keep it clean by sending a daily newsletter with our latest news. You can always choose to unsubscribe to our newsletter if you're not satisfied.
coindoo icon
  • Contact Us
  • Advertise
  • RSS Feed
  • About Us
  • Partners
  • Terms & Conditions
  • Privacy Policy

© 2017-2019 Coindoo by Brantell Media.

The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

No Result
View All Result
  • Cryptocurrency News
  • Analyzes & Reviews
  • Guides & Tutorials
  • Events

© 2017-2019 Coindoo by Brantell Media.