Keyboardwealth Posted January 5, 2018 Share Posted January 5, 2018 I Wanted to exchange 500 XRP to USD. (GateHub) They tell me it is worth a minimum of $1284.90. When I do the sum @ $3.20 I get $1600.00. Why do they quote $1284.90? Is that how much I'll get or is that only some sort of estimate? Am I doing something wrong or is this how much the costs are for only the small amount of value? Please help Link to comment Share on other sites More sharing options...
panmores Posted January 5, 2018 Share Posted January 5, 2018 8 minutes ago, Keyboardwealth said: I Wanted to exchange 500 XRP to USD. (GateHub) They tell me it is worth a minimum of $1284.90. When I do the sum @ $3.20 I get $1600.00. Why do they quote $1284.90? Is that how much I'll get or is that only some sort of estimate? Am I doing something wrong or is this how much the costs are for only the small amount of value? Please help You get the market price, which is not $3.2 right now. Rather $2.65 as we speak, which equals $1,325, so you likely are offered a slightly lower price, plus commission. So $1,284.9 sounds about right. Or you can make a buy offer for a certain price. Keyboardwealth 1 Link to comment Share on other sites More sharing options...
Raekwon Posted January 5, 2018 Share Posted January 5, 2018 (edited) 3.20 USD is the average price of all markets Gatehub prices are lower than the average, see below examples for your reference (screenshot from coinmarketcap Markets): See update below for XRP/USD: GatehubXRP/USD $2.60 (from CMC) Edited January 5, 2018 by Raekwon Link to comment Share on other sites More sharing options...
Keyboardwealth Posted January 5, 2018 Author Share Posted January 5, 2018 Thanks guys! You have been most helpful. I appreciate. Link to comment Share on other sites More sharing options...
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