Cheaper to buy XRP with USD or BTC? RE:Fees on Gatehub?

[skywalker]

About to buy 50k USD of Ripple on Gatehub.  

1) Should I buy BTC on coinbase, send to BTC  Gatebub and Exchange money there. 20% Fee?

2) Wire USD directly to Gatehub and Exchange to XRP ? 20%fee?

3) Cheaper to buy XRP on the ledger than use the EXchange?

 

I've bought before but smaller amounts etc.  

[g00p]

With 50K I'd wire it to gatehub for a couple reasons, but I'm not sure you'll be able to send that much in one go. Depending on your bank there will be a flat fee, 40 bucks maybe, and then a 15 dollar fee from Gatehub. 

With Coinbase they will not give you a good starting rate, so your 50k could right off the bat become like 48-49 k and then the fees to transfer the BTC. 

Just my two cents though. 

[skywalker]

thanks g00p. I was thinking of cutting up the 50k into 3 pieces during wiring and purchasing etc.  So I don't have my eggs all in one basket. 

 

Current thought: wire USD to Gatehub, exchange to XRP and send to my Trezor. HOld and wait for XRP to explode up!

Looks like it's a 20% fee to exchange from USD to XRP on gatehub. 

[7strings]

Is Kraken not an option for you? I think their fees are much lower.

Edited August 9, 2017 by 7strings

[skywalker]

 

 

kraken is an option. I'm in the USA  Is that better? 

Fee wise?

[g00p]

4 minutes ago, skywalker said:

thanks g00p. I was thinking of cutting up the 50k into 3 pieces during wiring and purchasing etc.  So I don't have my eggs all in one basket. 

 

Current thought: wire USD to Gatehub, exchange to XRP and send to my Trezor. HOld and wait for XRP to explode up!

Looks like it's a 20% fee to exchange from USD to XRP on gatehub. 

Don't just exchange it. Trade it and pick the price you want to buy at. Will take more time, but makes you more money. 

[7strings]

Not sure about USD.
Below you can find all Kraken fees and compare them with Gatehub etc.
https://support.kraken.com/hc/en-us/articles/201396777-What-are-the-deposit-fees-
https://www.kraken.com/help/fees
https://support.kraken.com/hc/en-us/articles/201893608-What-are-the-withdrawal-fees-

[7strings]

One more thing about Kraken:
Tier 3 or 4 verification required before you can deposit USD and there are deposit limits:

https://support.kraken.com/hc/en-us/articles/215791158-How-do-I-deposit-USD-into-my-account-US-Resident-

[jeffk14]

2 hours ago, skywalker said:

thanks g00p. I was thinking of cutting up the 50k into 3 pieces during wiring and purchasing etc.  So I don't have my eggs all in one basket. 

 

Current thought: wire USD to Gatehub, exchange to XRP and send to my Trezor. HOld and wait for XRP to explode up!

Looks like it's a 20% fee to exchange from USD to XRP on gatehub. 

Wow, are you sure? I'm brand new at this but I may have to rethink my plans. 20% seems awful high. I didn't see that listed on the fee schedule for Gatehub. There was a "Ripple Fee" of 0.2% but I didn't see a fee for changing USD to XRP.