How do I move Assets from XRP Toolkit/ledger to other location?

[carverkings]

I traded XRP for ETH on the XRP ToolKit.  Now I have a Balance of ETH . How do I move that ETH to my ledger Eth Wallet. 

[SimpleXRPTools]

Other than XRP, everything listed on the built in XRP Ledger Decentralised Exchange is an IOU. To redeem whatever you've bought on the exchange for the real asset, you need to go through the organisation that issued the IOU. These links should help:

https://support.gatehub.net/hc/en-us/articles/360021238434-What-are-issuances-IOUs-

https://support.gatehub.net/hc/en-us/articles/360021426453-Gateways

[Sharkey]

On 1/19/2021 at 9:58 PM, SimpleXRPTools said:

Other than XRP, everything listed on the built in XRP Ledger Decentralised Exchange is an IOU. To redeem whatever you've bought on the exchange for the real asset, you need to go through the organisation that issued the IOU. These links should help:

https://support.gatehub.net/hc/en-us/articles/360021238434-What-are-issuances-IOUs-

https://support.gatehub.net/hc/en-us/articles/360021426453-Gateways

I had a similar question, and although this answer is a good start, I need more info.  Can you please point me in the right direction?  What does it mean to "go through the organisation that issued the IOU?"

[at3n]

@Sharkey There can be multiple "issuers" of the same IOU on the XRPL. This is represented by a dot after the IOU name, followed either by the name of the issuing entity, or by the address of the wallet that issued it.

So for example it's vague to say that you own USD on the XRPL, but accurate to say that you own USD.Gatehub or USD.Bitstamp.

Before you trade on the DEX, you should be made aware by your wallet software who the issuer of that particular IOU that you're buying is. The issuer is the entity that "owes" you the value of the IOU. Even though you may have no contract with Bitstamp, you could hold their USD IOU and technically they are liable for it.

If you wanted to turn the USD.Bitstamp into real USD, you would need to set up an account with Bitstamp, follow their procedure to return their IOUs to them, and then they should send you real USD in return. Alternatively you can trade it for another IOU whose issuer you do have a contract with, or you can trade for XRP, which of course is not tied to the fate of any company (or so they say )

Edited February 19, 2021 by at3n

[brianwalden]

If you bought anything other than XRP on Ripple's built in ledger, what you bought is an IOU that can be redeemed for the thing it represents (ETH in this case). But to redeem it you have to go to whoever created the IOU. For example, if it was issued by Bitstamp, Bitstamp's website will have directions on how to redeem it.