[SOLVED] Ripple to BTC = 200$ Fee !!

[merdianii]

Im trying to exchange some of my Ripple worth of 1000$, but when I check the amount that I get is like 800$, 

Can anyone suggest me why I get this high cut off  ?

Have you had to pay 150$ or 200$ to exchange on Bitcoin?

[T8493]

Fees are usually not that large. It looks like this "fee" could be the consequence of illiquid markets.

On which exchange are you trying to sell XRPs? On RCL?

If on RCL - are you trying to buy Bitstamp BTC. GateHub BTC or something else?

[merdianii]

2 hours ago, T8493 said:

Fees are usually not that large. It looks like this "fee" could be the consequence of illiquid markets.

On which exchange are you trying to sell XRPs? On RCL?

If on RCL - are you trying to buy Bitstamp BTC. GateHub BTC or something else?

Bitstamp haven't tried yet, waiting for verification.

I'm on Poloniex and the fees are like 200$ even 220$.

Tried paxful, and Kraken, 

[T8493]

5 minutes ago, merdianii said:

I'm on Poloniex and the fees are like 200$ even 220$.

 

It looks like that on Poloniex XRP/BTC and XRP/USDT prices are consistent and that XRP/USDT prices on poloniex are similar to the XRP/USD prices on Bitstamp.

You'll need to provide more details if you want any help. Fees certainly aren't $200: https://www.poloniex.com/fees/

 

 

 

 

 

[merdianii]

14 hours ago, T8493 said:

It looks like that on Poloniex XRP/BTC and XRP/USDT prices are consistent and that XRP/USDT prices on poloniex are similar to the XRP/USD prices on Bitstamp.

You'll need to provide more details if you want any help. Fees certainly aren't $200: https://www.poloniex.com/fees/

 

 

Yes Fees on poloniex are 0.25% it says.

But I have Ripple and when I want to sell for BTC it shows me that from 800$ that I have on Ripple on BTC I would get 600$.

Others say that they pay like 5 or 10$ to exchange on BTC and I have to pay 120$ to convert on btc

 

 

 

[T8493]

1 minute ago, merdianii said:

 

You're probably doing something wrong or you're looking at the wrong number. This forum can't help you if you don't provide more details (how many XRPs are you selling, at what price, how many BTCs will you get, how did you recalculate values of XRPs and BTCs to USD, etc.)

 

[merdianii]

38 minutes ago, T8493 said:

You're probably doing something wrong or you're looking at the wrong number. This forum can't help you if you don't provide more details (how many XRPs are you selling, at what price, how many BTCs will you get, how did you recalculate values of XRPs and BTCs to USD, etc.)

 

Thanks for your help buddy.

Here's a photo

5700 Ripple are worth of 1820$

If I sell for BTC I will get 1610$ on BTC at this moment.

https://image.prntscr.com/image/EJQU3ziLQqCLZZpsyBXJMQ.png

[T8493]

6 minutes ago, merdianii said:

5700 Ripple are worth of 1820$

If I sell for BTC I will get 1610$ on BTC at this moment.

 

On Poloniex the value of 5700 XRPs is currently less than $1600: 5700 x $0.275 = $1567.5

 

[BAX]

16 hours ago, merdianii said:

Bitstamp haven't tried yet, waiting for verification.

I'm on Poloniex and the fees are like 200$ even 220$.

Tried paxful, and Kraken, 

 

This is just not true!  Kraken fees are very very small! XRPUSD-  0.16%-0.26%< 50,000!!!

https://www.kraken.com/help/fees

Change the name of the title! or moderators

[merdianii]

2 hours ago, T8493 said:

On Poloniex the value of 5700 XRPs is currently less than $1600: 5700 x $0.275 = $1567.5

 

on other charts is more higher, why polo has lower price of ripple

[T8493]

2 minutes ago, merdianii said:

on other charts is more higher, why polo has lower price of ripple

On which charts is it higher?

Bitstamp (exchange) has currently almost the same price as Poloniex.

[merdianii]

1 hour ago, BAX said:

 

This is just not true!  Kraken fees are very very small! XRPUSD-  0.16%-0.26%< 50,000!!!

https://www.kraken.com/help/fees

Change the name of the title! or moderators

Kraken if I sell my Ripple

http://prntscr.com/fnob0g

[merdianii]

2 minutes ago, T8493 said:

On which charts is it higher?

Bitstamp (exchange) has currently almost the same price as Poloniex.

https://coinmill.com/USD_XRP.html#XRP=5700

http://prntscr.com/fnobw5

[T8493]

1 minute ago, merdianii said:

https://coinmill.com/USD_XRP.html#XRP=5700

http://prntscr.com/fnobw5

It is probably impossible to figure out how they calculate the price. If you want "real" prices, you should always look at prices at exchanges and not at some kind of price aggregator.