Jump to content

Is XRP worth the same on different exchanges?


claudius850
 Share

Recommended Posts

Long story short, I currently have a bunch of XRP.

The first 25% are in my GateHub.

Then, I found a faster way to buy XRP in BitStamp, where I purchased another 25%.

As I became more familiar with cryptocurrencies, my preferred wallet became Bittrex, where I hold a bunch of different coins, including 50% of my XRP.

When calculating how much my XRP is worth, I find it confusing since someone told me that 1 Bittrex XRP might not be worth 1 GateHub XRP.

I also heard that it's best to keep it all on GateHub, is this correct? I intend to do so, but I have yet to figure out how to send XRP (it's different than sending any other coins I have)

Can someone clarify this? 

Link to comment
Share on other sites

1 minute ago, SimpleLife said:

Different traders on different exchanges value it differently, so the price maybe close but not identical.

If I have 5,000 XRP in GateHub and I send 5,000 XRP from BitStamp and 5,000 XRP from Bittrex to my Gatehub address, do I not have 15,000 XRP total? 

 

 

Link to comment
Share on other sites

9 minutes ago, claudius850 said:

If I have 5,000 XRP in GateHub and I send 5,000 XRP from BitStamp and 5,000 XRP from Bittrex to my Gatehub address, do I not have 15,000 XRP total? 

 

 

Yes you have 15,000 xrp in total but what they're saying is that each exchange might have a diffferent price for xrp. Bitstamp might be .25 cents, bittrex .2567 cents , polo .2589 Usdt, coinone .34 cents...so when you decide to sell, you should send all your xrp to the exchange that is trading xrp the highest, if you have an account. 

Link to comment
Share on other sites

11 minutes ago, claudius850 said:

If I have 5,000 XRP in GateHub and I send 5,000 XRP from BitStamp and 5,000 XRP from Bittrex to my Gatehub address, do I not have 15,000 XRP total? 

 

 

 

Im not sure but able to charge a% for the transaction ... likewise you can check in the terms and conditions offered by the page when you want to withdraw your money from a wallet to another one... Usually charge

Link to comment
Share on other sites

3 minutes ago, claudius850 said:

You are welcome as well. To leave. 

PS, I would take some time doing some research on here and try reading as much as you can. If you begin to insult known and contributing members, you wont enjoy your time here. Try to have some respect.

Link to comment
Share on other sites

1 minute ago, TB73 said:

PS, I would take some time doing some research on here and try reading as much as you can. If you begin to insult known and contributing members, you wont enjoy your time here. Try to have some respect.

Really !

Link to comment
Share on other sites

3 minutes ago, TB73 said:

PS, I would take some time doing some research on here and try reading as much as you can. If you begin to insult known and contributing members, you wont enjoy your time here. Try to have some respect.

 

1 minute ago, SaddamXrp said:

Really !

Newbies coming in here and expecting get-rich-quick-answers ought to be given the types of answers I have dished out.

We're not the Polo trollbox. At least do your homework before coming in here and asking questions that are a waste of time. 

Link to comment
Share on other sites

38 minutes ago, claudius850 said:

Care to elaborate...? 

You're not helping at all. Thanks for nothing. 

 

23 minutes ago, claudius850 said:

You are welcome as well. To leave. 

 

15 minutes ago, SaddamXrp said:

Really !

If I were you,I would take the time to apology to  @natethesnake. There are people on here that have spent countless years,months,days and hours researching  Ripple and Xrp. These people do this to expand their knowledge of their investment and also to help educate the new members that join this forum. I personally spend 4-8 hours a day doing research and have built quite a few excellent relationships with some very knowledge people here. We enjoy helping others but we don't enjoy being disrespected. We were all in your shoes once, but we took the time to learn. XRPChat members will go the extra mile to answer and debate questions but I can guarantee you, that once they see how you treated @natethesnake, it wont sit well with us. Also, investing in crypto isn't easy, sure you got the easy part out of the way, you bought a crypto. If you thought that was hard, well it actually is the easy part. It only gets harder from here and the people here can and will make it a lot easier for you if you give them the respect they deserve. Just my honest opinion. 

Edited by TB73
Link to comment
Share on other sites

1 minute ago, TB73 said:

 

 

I would take the time to apology to  @natethesnake. There are people on here that have spent countless years,months,days and hours researching  Ripple and Xrp. These people do this to expand their knowledge of their investment and also to help educate the new members that join this forum. I personally spend 4-8 hours a day doing research and have built quite a few excellent relationships with some very knowledge people here. We enjoy helping others but we don't enjoy being disrespected. We were all in your shoes once, but we took the time to learn. XRPChat members will go the extra mile to answer and debate questions but I can guarantee you, that once they see how you treated @natethesnake, it wont sit well with us. Also, investing in crypto isn't easy, sure you got the easy part out of the way, you bought a crypto. If you thought that was hard, well it actually is the easy part. It only gets harder from here and the people here can and will make it a lot easier for you if you give them the respect they deserve. Just my honest opinion. 

Apologies not needed. I'm too thick-skinned to be insulted anyways. Lol.

What does get to me is the fact that drive-by-newbies are a dime a dozen. They come in here and expect things to be handed down to them on a silver platter, and when they lose money, they heap on the blame.

What can never be said enough and deserves repetition again and again is to "DO YOUR OWN DUE DILIGENCE" and "TAKE RESPONSIBILITY FOR YOUR OWN INVESTMENTS". If you don't even understand basic methods of valuation and how different platforms/exchanges work, you still have your work cut out for you before you sink in any money towards ANY forms of investment, crypto or otherwise.

Link to comment
Share on other sites

1 minute ago, natethesnake said:

Apologies not needed. I'm too thick-skinned to be insulted anyways. Lol.

What does get to me is the fact that drive-by-newbies are a dime a dozen. They come in here and expect things to be handed down to them on a silver platter, and when they lose money, they heap on the blame.

What can never be said enough and deserves repetition again and again is to "DO YOUR OWN DUE DILIGENCE" and "TAKE RESPONSIBILITY FOR YOUR OWN INVESTMENTS". If you don't even understand basic methods of valuation and how different platforms/exchanges work, you still have your work cut out for you before you sink in any money towards ANY forms of investment, crypto or otherwise.

I know you are but new people shouldn't disrespect you. It rubs me wrong. 

And I totally agree with you. This was one of those questions that even caught me. If someone can't understand how crypto exchanges work and how each one has different trading prices for xrp or any other coin, then yes, crypto probably isn't something that should be added to their portfolio. This is why to me, besides the exchanges order books not having enough liquidity, it scares me to see these same people begin to Margin Trade. I know it will get better through time but as xrp gains, well I guess we just have to get used to these type of questions, I just hope the newbies can have a little respect in the future. Cheers

Link to comment
Share on other sites

  • Guest locked this topic
Guest
This topic is now closed to further replies.
 Share


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.