Small trade efficiency from GBP

[gunner]

Looking for best practice on 2 fronts:

 

1/ when buying from GBP.. currently I deposit directly to Coinbase purchasing ETH. Through changelly I convert to XRP with it being deposited in Toast Wallet.

Is that the best way for me to do it? I’m only buying maybe £50 a go... ($70). And getting stung for fees every time. 

If not, what’s the best way?

 

2/ with the last dip... and there undoubtedly being more. How do I capitalise on this? My thinking is selling my XRP when the dips start and buying back more when I feel the dips at its lower point. I know there’s risk here - I get that I might sell and it might not dip much at all. So, putting aside that risk, how do I best sell XRP to rebuy? Do I send from toast wallet to coinbase again and back into GBP? Is this how I would ‘cash out’ if I ever wanted to go down that route?

 

i am in for the long haul, but if we took some major jumps it would be difficult not to cash some out - and I’d like half an idea on how to do that! 

Thanks folks

[Internethobo]

@gunner

1) Are you buying with Credit Card?  If so, try Bitstamp.  If your Credit Card is 3D verified, I believe their fees are a bit lower and you can buy XRP directly.

2) At your low purchase level, I do not recommend that you try selling the top and buying the dip.  95% of the time you will not time it correctly and you will lose out.  If you are in it for the long haul, I recommend to hold and buy more XRP during the dips.

[gunner]

2 minutes ago, Internethobo said:

@gunner

1) Are you buying with Credit Card?  If so, try Bitstamp.  If your Credit Card is 3D verified, I believe their fees are a bit lower and you can buy XRP directly.

2) At your low purchase level, I do not recommend that you try selling the top and buying the dip.  95% of the time you will not time it correctly and you will lose out.  If you are in it for the long haul, I recommend to hold and buy more XRP during the dips.

The XRP I currently have is on toast wallet. If I can buy XRP directly on bitstamp, is it easy enough to send it to Toast Wallet?

[RobertHarpool]

17 minutes ago, gunner said:

The XRP I currently have is on toast wallet. If I can buy XRP directly on bitstamp, is it easy enough to send it to Toast Wallet?

Yes ... it is very easy and straightforward to send XRP from Bitstamp to the Ripple address in your Toast Wallet. 

[gunner]

7 hours ago, RobertHarpool said:

Yes ... it is very easy and straightforward to send XRP from Bitstamp to the Ripple address in your Toast Wallet. 

Thanks. I’ll look at this for next purchase. Must admit, coinbase then using changelly has been pretty simple but I feel there’s a number of stages involved and fee’s at each stage!