selling

[peeper]

I have a ripple wallet in XRP - How do i convert to USD and then transfer to wells fargo?  Ripple support is not getting back to me.  I don't know the steps and it is not clear on their website, someone please help?  do i "trade" it or do I "exchange" it? not sure proper steps to cashing out of XRP into USD and into my US bank account.

 

thank you.

 

[PaulKim]

How did you get the XRP in the first place?

lol?

[peeper]

bought bitcoin on coinbase, then used a 3rd party to convert and send to xrp...so my wallet is with gatehub currently in XRP......do i need to exchange it to USD first in my wallet? I have been verified so do i just click send payment, select bank, then put in USD amount at the bottom? how do i know how much though? do i need to exchange it first?

 

[peeper]

i mean send to gatehub in XRP

[PaulKim]

If you have XRP on gatehub, sell it for USD

Then follow their withdrawal process.

[BroCoin]

Use the same 3rd party provider to exchange back into btc on coinbase and then sell through them

[peeper]

right, that is where i am confused - there is a "trade" option and an exchange option.......?  I think i finally figured out the withdrawal process by clicking on "send" from my wallet and selecting "bank" and then filling out the information.  It is the fist part i am confused about - regarding trade/exchange

 

[PaulKim]

Just now, BroCoin said:

Use the same 3rd party provider to exchange back into btc on coinbase and then sell through them

Yea, if you have issues with XRP it is probably easier to exchange XRP/BTC then sell BTC for USD

It will lose you $ but might be easier if you are having issues with XRP

[PaulKim]

Just now, peeper said:

right, that is where i am confused - there is a "trade" option and an exchange option.......?  I think i finally figured out the withdrawal process by clicking on "send" from my wallet and selecting "bank" and then filling out the information.  It is the fist part i am confused about - regarding trade/exchange

 

I can't really explain it to you in text, sorry

An exchange is a place to trade. Gatehub is an exchange. They allow you to trade. For example XRP to BTC, or, XRP to USD, etc.

Use the EXCHANGE to TRADE then WITHDRAW

[peeper]

i dont think there is an issue, i just need to know if i "exchange" or "trade" on gatehub??

[peeper]

ok so exchange to USD basically, then withdraw by clicking on "send" payment?

[PaulKim]

Just now, peeper said:

i dont think there is an issue, i just need to know if i "exchange" or "trade" on gatehub??

Post a screenshot of what you have on gatehub, I don't really understand your question anymore...

[PaulKim]

Just now, peeper said:

ok so exchange to USD basically, then withdraw by clicking on "send" payment?

yes

[peeper]

got it - thanks so much for your help!

[smoothy]

7 minutes ago, peeper said:

right, that is where i am confused - there is a "trade" option and an exchange option.......?  I think i finally figured out the withdrawal process by clicking on "send" from my wallet and selecting "bank" and then filling out the information.  It is the fist part i am confused about - regarding trade/exchange

 

Always use trade, it gives the best ratings. After the trade, sent the usd to your bank account.