RippleMas Posted June 1, 2017 Share Posted June 1, 2017 Hi, I have a Ripple Wallet on Gatehub and I want to understand how to convert to USD. In order to get USD for the XRP, I do an Exchange is that correct? That will then go into the Gatehub.USD wallet? Then once that is done, you can "SEND" the USD to a bank account? Thank you for your helping me on this topic. Link to comment Share on other sites More sharing options...
Dxeed Posted June 1, 2017 Share Posted June 1, 2017 Yes. You can go to 'EXCHANGE' and trade your XRP for USD, but I highly recommend to go to 'TRADE' and add the XRP/USD pair so you are able to see the books and get exact amounts for your trades instead of the estimates given when using 'EXCHANGE'. And correct, once you have your USD, simply wire transfer it to your bank account. Galahad 1 Link to comment Share on other sites More sharing options...
Ripcurldog Posted June 1, 2017 Share Posted June 1, 2017 It's actually quite easy, I did one myself last week and funds were in my Bank of America account five days later. You can also buy physical gold from Gatehub and have it delivered to your house (I did a small $500 test purchase to make sure it was legit, and I was blown away with the service and the packaging). Each gram of gold comes wrapped in a laminate covering, and the gold is stamped as 99.999% pure. I highly recommend a little gold for your safe. You can exchange any currency that you have in your Gatehub account for physical gold! DEPTataku 1 Link to comment Share on other sites More sharing options...
susli Posted June 2, 2017 Share Posted June 2, 2017 don't do exchange! Do trade only. I got burned by doing exchange and lost a good chunk of my money. Link to comment Share on other sites More sharing options...
Galahad Posted June 2, 2017 Share Posted June 2, 2017 3 hours ago, susli said: don't do exchange! Do trade only. I got burned by doing exchange and lost a good chunk of my money. How so? Were you paid significantly less than the exchange rate visible on coinmarketcap? (https://coinmarketcap.com/currencies/ripple/) Link to comment Share on other sites More sharing options...
susli Posted June 2, 2017 Share Posted June 2, 2017 6 hours ago, Galahad said: How so? Were you paid significantly less than the exchange rate visible on coinmarketcap? (https://coinmarketcap.com/currencies/ripple/) yes... Link to comment Share on other sites More sharing options...
playpunker Posted June 6, 2017 Share Posted June 6, 2017 How do you avoid getting dinged like susli? When I go under the exchange it gives me an estimate. When I go under trade it asks me to enter selling price, how do I base the selling price? Will the value of USD that I see under the trade be the same amount deposited into my account? Thanks Link to comment Share on other sites More sharing options...
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