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Learn How To Sell Your Ripple XRP for USD in a simple, fast and effective manner! CryptoCurrency Tutorial
Ripple’s cryptocurrency has been adopted by banks and other financial institutions. Those companies believe Ripple’s system offers both better prices and is more secure than other digital currencies, including Bitcoin. It allows users to send, receive, and hold any currency in a decentralized way via the Ripple network. The company is cash-flow positive and holds a vast store of XRP, which it periodically releases into the market.
But the real appeal of Ripple’s XRP for banks is its liquidity.
“The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts. We believe very strong this is an inefficient model. You can use digital assets to fund liquidity, and Ripple is uniquely positioned to capitalize on that. Bitcoin takes four hours to settle a transaction. XRP takes 3.6 seconds.
Thank you for the video. If the price of Ripple increases and you want to sell it for a gain; how is the gain recognized if you have to purchase Bitcoin (or another currency) before transferring it to your bank account? I hope that makes sense……
Hey Faris! New subscriber & THANKS 🙏🏾 so much for amazing content!! Question: what if I don’t have a wallet just yet & my Ripple is still on the Binance exchange. Would I sell XRP first on Binance, then enter/paste the withdrawal address from Binance to the RECEIVE address on CoinBase? Again, thanks for any tips or suggestions. I’m new to all of this and don’t want to lose any alt coins I have on Binance while trying to sell & transfer to CoinBase for deposit into my account!
Hi great video. I LIVE in the Uk. Problem I have is when I click sell bitcoin on coinbase the deposit to option doesn't have my bank account that I bought bitcoin with. All it says is deposit to EUR WALLET OR GBP WALLET.
when i click sell on coinbase it says "Sells Not Supported
Coinbase does not currently support sells in your country. Subscribe to our blog to be notified when we add support for your country!" I'm in Alberta, Canada. is there another way I can sell my bitcoin or litecoin?
Shapeshift doesn’t work well. I sent 1 lite coin to try to buy ripple and send the lite coin and the timer expired and ended the transaction and when I got my lite coin back the took .015. Tried it again and the same thing happened again. Ended up with .97 lite coin after 2 timer expiring on me. Total scam in my opinion
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Davor Harni you can do that but I think you should hold onto the amount you have and add onto it as it will most definitely rise even more significantly. It looks like it will double the amount it reached today sometime in 2018
i have a address, a name a pass phrase and a secrete account key. where do I use these to #1 see how many coins i have ( ithink 15000) and #2 to change them for money? this is WAY to many things in your video and very confusing.. can you just write it down ? I cant get on coin base or gatehub it says I already have an account but never sends me the pass key when I try to reset my pass word. why cant I just plug my wallet code and password in and get paid for God Sakes?
Terrible idea. Why would you want to exchange your XRP into Bitcoin?? BTC has been terribly volatile lately. In the time it takes to exchange your XRP into BTC then transfer from Binance to Coinbase and then sell your BTC, you could lose hundreds or thousands of dollars. There's got to be a better and safer way.
If I sell my ripple and turn it to btc wont the ammount of money i get will be based on the current value of btc? For example: I sell ripple and get 0.5 btc and btc is worth around $10,000 will i get $5,000 or will i get the ammount of money i sold my ripple for?
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