how to buy euro?

[kiwissz]

hey so wondering how i buy eur with my xrp?  looking at coinmarket lets say its 0.01 and i want to buy euro at that price what shall i put on the price 0.01?

[cap]

You have two ways to buy/sell any currency on Gatehub:

1. Exchange. You click on exchange, type how many XRPs you want to sell and Gatehub will let you know how many euros you'll receive for them. If that's acceptable to you, you say OK. Otherwise, you don't.

2. Trade. (Where you are right now.) You say you want to buy 200 euros and set whatever price you want to buy for them. You can go with the coinmarket price, or any other price you want. You're making an offer. If someone wants to sell you 200 euros at that price, they will. If not, the order will go unfulfilled. Or you can look at what the people who are selling euros are asking for, and buy at that price. 

 

[kiwissz]

4 minutes ago, cap said:

You have two ways to buy/sell any currency on Gatehub:

1. Exchange. You click on exchange, type how many XRPs you want to sell and Gatehub will let you know how many euros you'll receive for them. If that's acceptable to you, you say OK. Otherwise, you don't.

2. Trade. (Where you are right now.) You say you want to buy 200 euros and set whatever price you want to buy for them. You can go with the coinmarket price, or any other price you want. You're making an offer. If someone wants to sell you 200 euros at that price, they will. If not, the order will go unfulfilled. Or you can look at what the people who are selling euros are asking for, and buy at that price. 

okey so i can go with coinmarket price, so what shall i put on the price 0.09 current price at coinmarketca[

 

[kiwissz]

i see people ask for 10.60  between those prices what does 10.60 really mean lets say i want to buy at coinmarketcap  ( lets say current price 0.099xx what i put on price bottom of 200 euros i put

[cap]

Again: You put in whatever price you want to pay. (I can't tell you what that is. I don't even trade in euros.) If this is too complicated, go to exchange, where everything is automatic and the price is set for you. (Keep in mind: you might get a worse rate, though. I'm not sure. I've only used the exchange once.)

[kiwissz]

what do you mean whatever price lets say i want to go with coinmarket cap what to i put???

[winston]

8 minutes ago, kiwissz said:

what do you mean whatever price lets say i want to go with coinmarket cap what to i put???

You just put in the price you want to pay or receive at. For example: I want to sell 10 xrp for 0.1 euro a piece. I put that price in and get 1 euro. This rate might be semetrical to 1 euro/10 xrp. So you pay 10 xrp a euro.

However this is a limit order if you put in your own price and you won't be sure of selling. With exchange you can sell immediately, but you need to check what you really get for it.

 

Hope I helped you, although I don't use that exchange

Edited May 6, 2017 by winston

[kiwissz]

you see thats where im confuse   where it says price??  

 

I was looking at ask price that people put order book  you see 10.78,10.72 and so on  

so to get the best rate the higher bid the higher rate i get for my XRP right e.g. 12.00

[kiwissz]

if i scroll bottom i see bid XRP 8. so that means its the worst rate am i right? and higher bid means better rate for xrp e.g 10.78 gives besr tatem what difference between BID and ASK