Vacek_aka_Luschka Posted July 28, 2017 Share Posted July 28, 2017 I know this is very forward thinking and very early, however wondering what others are thinking as to have to move money form XRP to your Canadian bank account. I was thinking Kraken XRP>CAD and withdraw to my back account. But liquidity at Kraken for CAD is hit and miss. What are others thinking? What might be a decent way to plan for an exit should the day come and some are lucky enough to have this problem. And I'm not talking about $500 .... I'm talking 6 figures or more. Thoughts? Link to comment Share on other sites More sharing options...
ZIGXRP Posted July 28, 2017 Share Posted July 28, 2017 By then the landscape will be entirely different. You may even be able to just send it to a personal XRP bank account. That's my end vision at least, and doesn't seem unreasonable to me with XRP at those prices. anteksiler and IgboHendrix 2 Link to comment Share on other sites More sharing options...
Vacek_aka_Luschka Posted July 29, 2017 Author Share Posted July 29, 2017 while this would be nice, I think it is a lofty expectation and one we wont seen in 1-5 years time (which is when I plan to retire and withdraw my holdings, maybe ) Link to comment Share on other sites More sharing options...
ZIGXRP Posted July 29, 2017 Share Posted July 29, 2017 One "earlier" option I may look into is getting a US based account with my branch. It all sounds like a viable and hopefully easy solution if it needs to happen that way. then your US account is easily accessible and used from any exchange, and easily transferred once deposited. Link to comment Share on other sites More sharing options...
Vacek_aka_Luschka Posted July 29, 2017 Author Share Posted July 29, 2017 Thus far, the liquidity is in USD ... 100 times easier to purchase and sell in USD. Then BTC of course, but I don't like the fluctuation every .1 seconds. Can cost money quickly. Link to comment Share on other sites More sharing options...
Mercury Posted August 2, 2017 Share Posted August 2, 2017 I have been liquidating the 2theMoon project donations through Kraken. Since this isn't my money I have been keeping it simple and not playing with all the tools, but liquidity seems low. Orders are quickly touched but slowly filled (I am not placing far from mid peak). Seems the bots are quick to buy $2-5 at a time, but the serious $100-10000 chunks will take a while (unless your willing to sacrifice a lot). Vacek_aka_Luschka 1 Link to comment Share on other sites More sharing options...
Vacek_aka_Luschka Posted August 2, 2017 Author Share Posted August 2, 2017 in CAD ? If so, yes the liquidity is horrible. I've switched to all USD trading (at least for now) as it is easy to buy/sell ... when it comes time to make a serious withdrawal, I'll evaluate at that time I guess. Link to comment Share on other sites More sharing options...
vrippled Posted December 21, 2017 Share Posted December 21, 2017 On 7/28/2017 at 9:52 PM, ZIGXRP said: One "earlier" option I may look into is getting a US based account with my branch. It all sounds like a viable and hopefully easy solution if it needs to happen that way. then your US account is easily accessible and used from any exchange, and easily transferred once deposited. So an example for us as Canadians... - Hold XRPs in Ripple Wallet(s) in Gatehub.net account - Trade/Sell XRPs for $USD on Bitstamp - Open $USD account at my bank (One of the major banks: ...RBC, BMO, TD, CIBC) - Wire transfer (International wire transfer I presume) to my $USD bank account in Canada Questions: So is this a possible way to do it? Sounds relatively straightforward, but I don't know if this method is actually possible! If possible, would there be restrictions on Bitstamp side of things (e.g. fees, withdrawal limits...etc.)? Would I need to have some kind of account with Bitstamp as a Canadian? Link to comment Share on other sites More sharing options...
vrippled Posted December 21, 2017 Share Posted December 21, 2017 I just came across this thread. Thought you guys might also find it helpful and interesting. For the record, I'm nowhere and noway considering selling my XRPs. ...expecting for us to see $20 to $50++ XRP! I just want to know that there IS a method for an exit one day way way way in the future. Hopefully things will be even more intuitive and simple by then! Link to comment Share on other sites More sharing options...
vrippled Posted December 22, 2017 Share Posted December 22, 2017 Lol So quiet here. I think I'm the only one left in Canada. Everyone else has cashed in on their 20,000% XRP gains and left for Bahamas, Vegas, Fiji... Link to comment Share on other sites More sharing options...
tekkillah Posted December 23, 2017 Share Posted December 23, 2017 Still on HODL mode. Link to comment Share on other sites More sharing options...
ripplexrpking Posted December 28, 2017 Share Posted December 28, 2017 Withdraw from Bitstamp in USD to your bank account. There's a daily withdrawal amount. vrippled 1 Link to comment Share on other sites More sharing options...
vrippled Posted December 28, 2017 Share Posted December 28, 2017 (edited) 2 hours ago, ripplexrpking said: Withdraw from Bitstamp in USD to your bank account. There's a daily withdrawal amount. Have you tried this successfully already? How much are the international wire transfer fees to Canadian bank? And what is the daily Bitstamp withdrawal limits? Do you need to sign up for an account on Bitstamp? Thanks! Edited December 28, 2017 by vrippled Link to comment Share on other sites More sharing options...
ripplexrpking Posted December 29, 2017 Share Posted December 29, 2017 8 hours ago, vrippled said: Have you tried this successfully already? How much are the international wire transfer fees to Canadian bank? And what is the daily Bitstamp withdrawal limits? Do you need to sign up for an account on Bitstamp? Thanks! International withdrawals will be charged with 0.09% fee, minimum fee is 15.00 USD/EUR on Bitstamp's end and may incur additional international bank fees. Minimum amount for international withdrawal is 50.00 USD/EUR. Yes you need to sign up for an account on bitstamp and be verified. There are actually no withdrawal limits for verified users, however they can ask you for additional info. I've withdrawn about 50k successfully with no issues and little fees. vrippled 1 Link to comment Share on other sites More sharing options...
northerncrypto Posted January 21, 2018 Share Posted January 21, 2018 Ill be opening a USD Bank account and withdrawing from bitstamp or Quadriga...I'm pretty sure since Quadriga is adding XRP you'll be able to withdraw and they also have USD and CAD. vrippled 1 Link to comment Share on other sites More sharing options...
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