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Best place to buy xrp?


xrpbomb
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Hey guys where do you guys recommend to buy xrp? I was thinking of using kracken but open to suggestions. And is it safe to store there as i want to accumulate and trade a bit first before trying to store in an offline wallet. Complete newbie so hello to everyone

Thanks guys 

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40 minutes ago, xrpbomb said:

Hey guys where do you guys recommend to buy xrp? I was thinking of using kracken but open to suggestions. And is it safe to store there as i want to accumulate and trade a bit first before trying to store in an offline wallet. Complete newbie so hello to everyone

Thanks guys 

For a start with Ripple, Gatehub is by far the better option as you have the choice between native Ripple wallets and/or hosted wallets.

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1 hour ago, enej said:

You might want to take a look at GateHub Wallet (https://gatehub.net).

Upon registration you will receive a pre-funded (50 XRP) native ripple wallet similar to blockchain.info for bitcoin but with trading capabilities. Secret keys will be encrypted end-to-end and accessible to you only.

Using GateHub you can trade & deposits & withdrawal the following currencies: EUR (SEPA), USD (International Wire), BTC (bitcoin), ETH (ethereum), ETC (ethereum classic), REP (Augur REP) and XAU (gold). Additionally you can also trade all of the other assets issued by third party gateways on the ripple network (RCL) using the same client.

Together with RCL our Wallet probably offers the best decentralized trading experience you will find in the blockchain world today.

P.s.: Welcome to the Ripple community!

 

Full disclosure: I am the founder and CEO of GateHub :)

 

 

I understand you will be biased, but in what way is Gatehub a safer alternative to store XRP than an exchange?  Is the wallet an online wallet or is it stored locally?   (sorry, noob alert)

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20 minutes ago, my1xy said:

I understand you will be biased, but in what way is Gatehub a safer alternative to store XRP than an exchange?  Is the wallet an online wallet or is it stored locally?   (sorry, noob alert)

1. Secret keys are generated locally inside your browser, encrypted with your passwords and then sent (encrypted) to GateHub servers for a secure storage.

2. When you submit TX's using our Wallet, secret keys are retrieved back from our server (encrypted) and then un-encrypted locally in your browser to securely sign the TX which is then submitted directly to the ripple network.

3. GateHub cannot access the funds in your ripple wallet because we never see your wallet's secret keys in an un-encrypted form.

In a nutshell, exchange has full control over your XRP while GateHub has no control (this only applies for native ripple wallets generated by default when you open an account, hosted wallets works similarly to storing money at an exchange).

While this is great please know that we have no ability to un-encrypt ripple wallets in case you forget your password and simultaneously lose your GateHub recovery key.

 

Edited by enej
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1 minute ago, enej said:

1. Secret keys are generated locally inside your browser, encrypted with your passwords and then sent (encrypted) to GateHub servers for a secure storage.

2. When you submit TX's using our Wallet, secret keys are retrieved back from our server (encrypted) and then un-encrypted locally in your browser to securely sign the TX to be submitted directly to the ripple network.

3. GateHub cannot access the funds in your ripple wallet because we never see your wallet's secret keys in an un-encrypted form.

In a nutshell, exchange has full control over your XRP while GateHub has no control (this only applies for native ripple wallets generated by default when you open an account, hosted wallets works similarly to storing money at an exchange).

While this is great please know that we have no ability to un-encrypt ripple wallets in case you forget your password and simultaneously lose your GateHub recovery key.

 

Awesome, great explanation.  will make a wallet today when I get a chance :)

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4 hours ago, my1xy said:

I understand you will be biased, but in what way is Gatehub a safer alternative to store XRP than an exchange?  Is the wallet an online wallet or is it stored locally?   (sorry, noob alert)

Another thing to note is that with a native xrp wallet you can hold IOU's from multiple exchanges using the same wallet. And you can actively trade ANY currency pair you choose. Between any two issuers. 

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5 hours ago, jargoman said:

Another thing to note is that with a native xrp wallet you can hold IOU's from multiple exchanges using the same wallet. And you can actively trade ANY currency pair you choose. Between any two issuers. 

Any idea if the Gatehub wallet can hold MLN iou's from liqui.io?  That's an IOU that I have currently, but I literally have not 1 clue how it works.  

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3 minutes ago, my1xy said:

Any idea if the Gatehub wallet can hold MLN iou's from liqui.io?  That's an IOU that I have currently, but I literally have not 1 clue how it works.  

How it works is exactly what you have already done. You've trusted the ripple address of liqui.io and received an IOU. You can send those to anyone ripple wallet who trusts liqui.io regardless of the wallet app they use. Likewise you can hold IOU's from ANYONE if you've trusted their address. 

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2 minutes ago, jargoman said:

How it works is exactly what you have already done. You've trusted the ripple address of liqui.io and received an IOU. You can send those to anyone ripple wallet who trusts liqui.io regardless of the wallet app they use. Likewise you can hold IOU's from ANYONE if you've trusted their address. 

Thanks.  

10 hours ago, enej said:

1. Secret keys are generated locally inside your browser, encrypted with your passwords and then sent (encrypted) to GateHub servers for a secure storage.

2. When you submit TX's using our Wallet, secret keys are retrieved back from our server (encrypted) and then un-encrypted locally in your browser to securely sign the TX which is then submitted directly to the ripple network.

3. GateHub cannot access the funds in your ripple wallet because we never see your wallet's secret keys in an un-encrypted form.

In a nutshell, exchange has full control over your XRP while GateHub has no control (this only applies for native ripple wallets generated by default when you open an account, hosted wallets works similarly to storing money at an exchange).

While this is great please know that we have no ability to un-encrypt ripple wallets in case you forget your password and simultaneously lose your GateHub recovery key.

 

Thanks again for laying this out for me earlier, but I have more questions :D . You guys seem way more legit than Poloniex (maybe I'm just saying that because of your nicely structured responses) so I'd like to store most of my XRP at gatehub, ideally.  

Why is the profile identification so strenuous?  Wondering because I don't have a bank statement within 3 months handy and just generally curious, I'm sure you guys wouldn't be asking for this annoying security information if it wasn't for some regulatory reason.  Is this was a Ripple thing or a Gatehub thing or what? - I know linking up a bank account and doing wire transfers is tracked by the government and that's why you have to supply your SSN to the exchanges to do that type of stuff, but can't fathom why that would be the case for just opening a ripple wallet.  

 

Thanks again - Gatehub looks aesthetically great, very great setup.  Looking forward to using it.  

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1 hour ago, my1xy said:

Thanks.  

Thanks again for laying this out for me earlier, but I have more questions :D . You guys seem way more legit than Poloniex (maybe I'm just saying that because of your nicely structured responses) so I'd like to store most of my XRP at gatehub, ideally.  

Why is the profile identification so strenuous?  Wondering because I don't have a bank statement within 3 months handy and just generally curious, I'm sure you guys wouldn't be asking for this annoying security information if it wasn't for some regulatory reason.  Is this was a Ripple thing or a Gatehub thing or what? - I know linking up a bank account and doing wire transfers is tracked by the government and that's why you have to supply your SSN to the exchanges to do that type of stuff, but can't fathom why that would be the case for just opening a ripple wallet.  

 

Thanks again - Gatehub looks aesthetically great, very great setup.  Looking forward to using it.  

Hi @my1xy,

thank you for kind words.

You can submit any utility bill (phone, electricity, ...) it doesn't have to be bank statement. As for why we need to gather your personal information you basically answered the question yourself. Since you can deposit & withdraw fiat currencies to GateHub (not only crypto) we need to collect your personal information in order to comply with regulations.

PS.: You only need to provide that information if you want to use GateHub for depositing and withdrawing EUR, USD and XAU. For crypto currencies (BTC, ETH, ETC, ...) phone number verification will be sufficient until you hit a certain volume.

 

1 hour ago, xrpbomb said:

Thanks for all the replies guys. Much appreciated. Going to go with your advise and open a gatehub wallet . XRP to the moon :)

Welcome :)

Edited by enej
typo
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