Ace0312 Posted December 11, 2017 Share Posted December 11, 2017 So I am new to the whole crypto game. Only have one question. If let's say xrp explodes and my position in it totals to a significant amount of money how the hell do I sell such a big amount in an xchange lets say like kraken? With all the limits and all.. please can someone help clarify this? Thanx ahead of time and pardon my ignorance Link to comment Share on other sites More sharing options...
Tonnie Posted December 12, 2017 Share Posted December 12, 2017 Just a newbie here. But I think this is all very basic economics... Like Kraken, all exchanges are markets to buy and sell (in this instance) XRP. The exchanges attach a buyer to a seller when the prices match. When the prices 'explode' it will be because demand is higher than supply. There will be a high demand for XRP. And so there will be buyers. When the demand decreases, the price will steady and then drop. Ripple-Stiltskin 1 Link to comment Share on other sites More sharing options...
Ace0312 Posted December 15, 2017 Author Share Posted December 15, 2017 I meant to take out actual usd Link to comment Share on other sites More sharing options...
Let_her_Ripple Posted December 15, 2017 Share Posted December 15, 2017 (edited) Hi @Ace0312, Most questions have answers buried somewhere here in the forums. Here's one from a few months back: You should find some clues there. In short, exchanges will typically allow you to transfer out in fiat. Have a look through their sites and you should find what you need. For example:https://support.kraken.com/hc/en-us/articles/204359203-How-do-I-withdraw-fiat-currencies-from-my-account- After a couple more runs like the last 48 hours this question will be very important. That, and finding a decent accountant for tax minimisation. Edited December 15, 2017 by Let_her_Ripple . Zerponaut 1 Link to comment Share on other sites More sharing options...
Ace0312 Posted December 16, 2017 Author Share Posted December 16, 2017 Thanx a million Link to comment Share on other sites More sharing options...
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