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Did I completel screw up???


beerfinger
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I've been desperately trying to figure out how to buy Ripple for days while I wait for GateHub to validate my validate my USD Gateway, meanwhile XRP is skyrocketing before my eyes. I'm trying to find anyone to take my damn money, but no one seems to want it!

Finally, about an hour ago, someone recommends that I go on Bitit and use a CC to buy BTC, then convert that into XRP. Unfortunately the max I can buy is $250, but beggars can't be choosers, so I do it. I manage to purchase the BTC, put it in my wallet, then using Changly I convert it to XRP and send it to my Rippex wallet. But, of course, my Rippex wallet requires 20 XRP to be activated and now I have no BTC left!

Ahhh! WTF??!?!? Is all my money gone??

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Sending any amount of XRP over 20 XRP to your Ripple wallet will activate it. If Changelly sent the XRP you should be fine. They may have a check on their end whereby they don't send to inactive wallets as a precaution. I would contact them to see where your funds are. You can also check your Ripple wallet address on http://bithomp.com/explorer to see if it's received funds.

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Ok!

I just checked bithomp and it says the wallet isn't activated yet, but Changelly says Blockchain is still confirming my transaction so I'm hoping it works out. I sent them an email like you said so I'll keep my fingers crossed.

Thanks for your help.

Any ideas for how I can further fund my wallet for the time being while I continue to wait on GateHub?

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Could always try - https://cex.io/verification#progress here you will buy bitcoin, then you want to send it to changelley, but you will be loosing out.

You are FOMO, so be careful.

 

They accept credit cards from all over the world

 

However you will be paying a 3 - 5% premium due to credit card fees.

Couple of things you need to do to verify yourself which doesnt take very long.

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4 minutes ago, beerfinger said:

I'm sure it could have! Any suggestions?

I would suggest you don't let others trade for you. You could have done the trade yourself on an exchange and wouldn't need to pay the fees you did. Also these types of services will usually fill at the first available rate, which is likely not ideal. But from what you've written, should I gather that was your first trade ? You're not holding more crypto are you ? If you are, some times parting with some of them can be a very quick way to open a position on another. Especially if sending funds to an exchange account is out of the question. 

One of the first things I did when I started, I was playing around with stuff like Shapeshift, but in the end I could not justify the added costs. Especially since a lot of my early purchases were with credit card, which carries additional cost. My main bank was giving me a hard time for transferring money to my crypto xchange.  I actually questioned them about it and they came back with the lamest answer ever which they could not objectively justify. I've made a mental note to revisit the matter in the immediate future ! 

In any case, I personally try to avoid unnecessary costs.

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2 minutes ago, kuyu said:

I would suggest you don't let others trade for you. You could have done the trade yourself on an exchange and wouldn't need to pay the fees you did. Also these types of services will usually fill at the first available rate, which is likely not ideal. But from what you've written, should I gather that was your first trade ? You're not holding more crypto are you ? If you are, some times parting with some of them can be a very quick way to open a position on another. Especially if sending funds to an exchange account is out of the question. 

One of the first things I did when I started, I was playing around with stuff like Shapeshift, but in the end I could not justify the added costs. Especially since a lot of my early purchases were with credit card, which carries additional cost. My main bank was giving me a hard time for transferring money to my crypto xchange.  I actually questioned them about it and they came back with the lamest answer ever which they could not objectively justify. I've made a mental note to revisit the matter in the immediate future ! 

In any case, I personally try to avoid unnecessary costs.

Oh I totally agree with all of that, absolutely. The issue was twofold:

1) GateHub takes their sweet time and drags their feet to validate my USD Gateway, so I had no other way of funding my account.

2) I was desperate to get in on the game for Ripple. I've been watching it and wanting to buy it since last week when it was at .15 but have had such a ridiculously difficult time finding someone to take my money. So I was just sitting there watching it skyrocket the past 24hrs not able to do anything. Frustrating, to say the least. My only option was to purchase $250 worth of BTC through Bitit (that's the max allowable amount) and then convert that to XRP, so I had to use Changelly.

Fully admit it was not by any means the most efficient/cost-effective route, but sort of a necessary evil. I certainly don't intend to do this again in the future - once GateHub finally activates me and I'm able to transfer Fiat money into my account and exchange that for cryptocurrency, that will definitely be my go-to method.

And yes, this was my first trade ever. Kind of reminds me of the first time I got laid, actually. Just as messy and pretty pathetic. But hey, at least I popped my cherry. :)

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12 minutes ago, PopeZAR said:

Could always try - https://cex.io/verification#progress here you will buy bitcoin, then you want to send it to changelley, but you will be loosing out.

You are FOMO, so be careful.

 

They accept credit cards from all over the world

 

However you will be paying a 3 - 5% premium due to credit card fees.

Couple of things you need to do to verify yourself which doesnt take very long.

Thanks.

And yes, you're right that I'm FOMO. Thanks for the heads up. I'm not going to spend anything I'm not willing to lose. 

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25 minutes ago, beerfinger said:

Ok!

I just checked bithomp and it says the wallet isn't activated yet, but Changelly says Blockchain is still confirming my transaction so I'm hoping it works out. I sent them an email like you said so I'll keep my fingers crossed.

Thanks for your help.

Any ideas for how I can further fund my wallet for the time being while I continue to wait on GateHub?

Ah, well now you will experience difference in speed between XRP (4sec) and the Bitcoin blockchain (an hour). 

Many people use ShapeShift as well in order to buy XRP. Poloniex also verified for small amounts pretty quickly. 

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28 minutes ago, PopeZAR said:

Could always try - https://cex.io/verification#progress here you will buy bitcoin, then you want to send it to changelley, but you will be loosing out.

You are FOMO, so be careful.

 

They accept credit cards from all over the world

 

However you will be paying a 3 - 5% premium due to credit card fees.

Couple of things you need to do to verify yourself which doesnt take very long.

Bummer, Cex looked promising but for some reason they don't service my state.

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15 minutes ago, cmbartley said:

Ah, well now you will experience difference in speed between XRP (4sec) and the Bitcoin blockchain (an hour). 

Many people use ShapeShift as well in order to buy XRP. Poloniex also verified for small amounts pretty quickly. 

It appears so! XRP are now officially in my wallet.

Looked into ShapeShift and Poloniex but they are just exchanges. I'm looking for ways to immediately buy BTC or XRP using a CC (for the time being).

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12 minutes ago, beerfinger said:

It appears so! XRP are now officially in my wallet.

Looked into ShapeShift and Poloniex but they are just exchanges. I'm looking for ways to immediately buy BTC or XRP using a CC (for the time being).

Bitstamp but need ID verification. 

Edit:   Actually ID needed twice.  Once Bitstsmp and once at their CC intermediary Simplex.  

Both fairly fast but likely bogged down now.  

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5 minutes ago, Tinyaccount said:

Bitstamp but need ID verification. 

Edit:   Actually ID needed twice.  Once Bitstsmp and once at their CC intermediary Simplex.  

Both fairly fast but likely bogged down now.  

Yup, tried that too. It's the same as Krakken and GateHub.

Oh well, thank you for your help.

I guess no one wants my money! ;)

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