(XRP / USD) How to convert Ripple into dollars?
You can perform this transaction on any cryptocurrency exchange that accepts XRP deposits and USD withdrawals. If you wish, it is also possible to convert your XRPs to another crypto currency and then convert this currency to dollars. For example, if the stock exchange you are struggling with supports Bitcoin and not Ripple, you can first exchange between XRP and BTC, then send your BTC to the exchange where you will withdraw money in US dollars. Having to take more steps, there is no significant difference between the two options. Of course, it will be easy for you to choose Ripple trading exchanges that offer direct exchange such as XRP-TL or XRP-USD.
Bitcoin and Ripple Labs boil a dollar
The cryptocurrency exchanges listed below allow you to deposit XRP and withdraw money in USD. You can access the pages of the exchanges by clicking on their names:
Bitfinex
Bitstamp
Exmo
Gatehub
Bitsane
Kraken
Selling Ripple step by step
To sell your XRP on any of these exchanges (XRP-USD or XRP-TL), you need to follow some steps:
To make an account, register on the stock exchange and confirm your e-mail address via the e-mail you receive.
Verify your account. You will be asked to present your name, country, national identity card or passport when you want to withdraw money in fiat units, even on exchanges with optional account verification. In some exchanges, additional information such as photo and residence document may be requested in addition to the identity file. You can find a more detailed description of the registration and verification processes for Bitstamp and Kraken exchanges here
Deposit your XRP into your account wallet. Only Gatehub and Bitfinex charge a fee for this transaction. You can find the fee tables below.
Sell your XRP and buy US dollars.
See the table below for the methods and fees you have to pay when withdrawing US dollars.
Verification processes
In the trading platforms mentioned in the list, when you want to withdraw the amount in your account in fiat currency, you must make a verification process. The requests from the user are as follows:
Bitfinex: Filling out the online form completely, phone number, e-mail address, residence address, two official valid identification documents with photo (passport, national identity card, driver's license, residence card, work permit card, etc.) name of the account holder (Bitfinex ' e your first deposit must come from this account) and a proof of residence.
Bitstamp: Name, address, postal code, date of birth, country, city, identity document and a document proving the place of residence (such as bank statement, invoice, state statement, residence certificate).
Exmo: Passport or ID card (both sides of the card must be clearly visible); proof of residence (bank receipt, invoice, tax documents or proof of residence issued by local authorities), a printed and signed user agreement, and a selfie with the user who keeps his identity open in the background with their EXMO accounts.
Gatehub: Phone number, profile photo, profile information, identity card (passport, national identity card or driver's license) and proof of residence.
Bitsane: Identity card (identity card or passport), proof of residence (bank statement, tax return or public agency invoices) and a photograph of the user while holding his identity.
Kraken: Name, date of birth, country, phone number, proof of residence (an official invoice not older than 3 months), government-issued identification and social security number (US only). Those who live in Germany or Japan, or use a German or Japanese bank account, are required to provide photographs taken with their IDs.
XRP-USD withdrawal and commission list
Exchange
Operation
Bitstamp
Kraken
Gatehub
Bitfinex
Bitsane
Exmo
Depositing XRP
Free
Free
0.2% commission
0.02 XRP commission
Free
Free
Cash Withdrawal
(USD)
$ 3.45 commission
Not accepting
Not accepting
Not accepting
Not accepting
Not accepting
Withdrawal by bank card
(USD)
$ 10 fixed up to $ 1,000; 2% commission for transactions on it.
Not accepting
Not accepting
Not accepting
Not accepting
Not accepting
Withdrawals by bank transfer (USD)
0.09% commission (minimum commission 15 USD / EUR)
Domestic $ 5; $ 60 commission on SWIFT transactions. ACH is not supported.
0.1% commission. Minimum 15, maximum $ 130.
0.1% commission (minimum 20 USD / Euro)
"Temporarily not allowed"
$ 20 commission
Advcash withdrawal (USD)
Not accepting
Not accepting
Not accepting
Not accepting
5% commission
Not accepting
Converting XRP to different cryptocurrencies
Ripple in your hand is different on exchanges
