Ripple cryptocurrency has been receiving well-deserved interest from investors for several years and is among the best coins by market capitalization. News of its use for interbank payments by various banks plays a positive role in this. The use of technology and XRP cryptocurrency allows transfers to be made quickly and cheaply to any country in the world.
How to sell Ripple (XRP)
If you decide to sell Ripple and cash out into fiat (traditional) money, you can do it in the following ways:
The most appropriate option, because the rates will be better than the exchangers. What exchange to choose – the final decision is up to you. It depends on what withdrawal method you prefer (fiat, stabelcoins, other cryptocurrencies), on commissions and other exchange conditions.
Most exchanges currently require verification of identity in order to work with them. Such a requirement is imposed by the regulatory authorities of different countries, and exchanges must comply with them if they want to work freely in one or another jurisdiction.
Examples of exchanges with Ripple:
Many popular destinations and payment systems are available in exchangers. The advantage is the fast exchange in just a couple of minutes, as well as the relative anonymity – verification is not required to work with the exchanger.
Exchangers are not suitable for active trading due to less favorable commissions, lower speed and liquidity compared to exchanges. But for a single transaction is a great option. There are many exchange destinations and payment systems: UMani, Qiwi, Sberbank Online, Advcash, Payeer, Bitcoin, Ethereum, Dash, Litecoin, Monero, Zcash and others.
Examples of exchangers with riple:
Bots in Telegram
They have essentially the same functionality, but in the form of a bot for the Telegram messenger. In the same way, you need to select a payment direction, create and pay for the application.
Examples of exchangers providing bot services:
Electronic payment systems
With the help of these services you can both sell and buy coins for fiat money. Payeer also includes a built-in exchange convenient for trading (trading commission of 0.95%). This payment system contains several accounts in fiat and popular cryptocurrencies, supporting instant exchange between them. After the exchange, fiat can be withdrawn by one of the supported methods.
AdvCash allows you to sell cryptocurrency by sending it to the offered wallet address, as in exchangers, but the fiat will go to the internal account of the payment system. From there it can also be withdrawn at your discretion.
Wallets with built-in exchangers can also be convenient for selling riple coins quickly. As a rule, withdrawal to cards or popular payment systems is supported – it depends on which payment processing provider the wallet is connected to.
- Trustee Wallet
Cryptocurrency ATMs are very convenient to use to buy and sell digital currencies, but there can be problems finding them. In Russia there are currently no cryptocurrency ATMs that support the sale of XRP, but there are in Ukraine and many other countries.
Website where you can see information about the nearest cryptocurrency ATMs: coinatmradar.com
These are the main ways to sell Ripple cryptocurrency (XRP) in 2022.
How to track a Ripple transaction
To make sure that a transaction when sending coins to an exchange or exchanger is successful, you need to use Ripple reviewers that provide this publicly available information. Examples:
Perspectives on currency
The outlook for XRP in terms of price growth is twofold. On the one hand, the currency is actively accepted by banks and other global institutions, which should make it more valuable. But on the other hand, it is one of the few digital assets that actually works the way it was intended, that is, it is more of a means of payment than a speculative asset.
Therefore, despite acceptance, the price remains low. At the time of writing (April 2022), it has declined by 50% over the past year. Experts believe that the decline will continue in the third quarter of the year as well.
In addition, the company is in a long-standing legal battle with the SEC. The outcome of the trial is expected to be a determining factor for the price.
How do I sell XRP on an exchange?
The easiest way is to make a sale through the trading terminal, and then withdraw the received assets from the exchange by one of the ways it offers.
Which exchanges work with XRP?
Almost all known platforms, such as Binance and OKX.
How to sell riple through the exchanger?
Choose an exchanger with a suitable exchange rate, create an application, specifying the amount and your details. Send Ripple coins to the address provided by the exchanger. Wait for the return payment. The network is very fast, so transactions are almost instantaneous.
What exchangers work with Ripple?
For example, 60cek or Prostocash.
Which payment systems have XRP?
Is Ripple worth selling? What are the prospects for the coin?
It is difficult to speak definitively about the prospects, at least until the end of the trial with the SEC. Experts are rather negative, but things change every day in the crypto world.
Selling Ripple is possible in different ways, all of them are quite simple and do not cause any particular difficulties. On our website, you will find detailed guides and articles on each of the methods in case you have any questions. One of the main requirements for an exchange, exchanger or other tool is reliability and good reputation. Don’t get involved with exchanges that no one knows about, that are not in aggregators like CoinGecko and BestChange.