How to convert XRP to USD

[Guest]

Hi guys, after some searching around I bought a small bit of XRP by doing the following:

- Purchased BTC on Coinbase using my bank account

- Sent BTC to Binance

- Exchanged BTC to XRP on Binance

- Sent XRP to Rippex Offline wallet.

Before I go ahead and purchase larger amounts, I wanted to ask if the above method is the most efficient?

And most importantly, I wanted to ask how to I convert XRP into USD.   Do I need to completely reserve the process and send XRP from Rippex to Binance, convert to BTC, then send BTC to Coinbase, then finally sell BTC in USD.

Just want to make sure that if I buy a bunch and then it drop, I can quickly sell it off.

Many thanks in advance!

PS - Ordered a Nano S hardware wallet for when I buy more XRP.

Edited December 31, 2017 by Guest

[manateehunter]

I don't like sending btc cause they take forever, but yeah, that's pretty much the way until coinbase adds for support.

[Newsmaker22]

What manateehunter said.  Unfortunately, the way you are doing it is the best way for USD.  Obviously if Coinbase adds Ripple then it's a game changer, however you'll pay a premium as their prices for ETH & BTC are higher than pretty much all other exchanges.

[Guest]

Thanks guys.  Should I buy my BTC elsewhere before converting it to XRP on Binance?

Dumb question.  Can I buy BTC on Binance?

And understood.  Seems like you sit on it until Coinbase accepts it.

[Newsmaker22]

Yes you can...however IMO you should convert XRP to ETH as it is MUCH faster.  Bitcoin takes forever....and coinbase is constantly having delays with it.

[Guest]

Thank you newsmaker22!

I’ll work with ETH and test again.

Is Rippex safe until I have my Nano S hardware wallet?

 

 

[Newsmaker22]

I've done enough reading to think it's plenty safe.  I'm ok with it.  As long as you are careful...I'm comfortable with it...I use Rippex.

[manateehunter]

4 hours ago, misterford said:

Thank you newsmaker22!

I’ll work with ETH and test again.

Is Rippex safe until I have my Nano S hardware wallet?

 

 

It's as safe as your computer, make sure as many security measures are in place as seems reasonable to you.