How To Sell Ripple (XRP)?
The most important thing appears to be the choice of a crypto platform where you will trade. You should always be sure that all operations are secure. One of the exchanges you can trust is CEX.IO.
The next step you need to do is check your cold or hot wallet for the availability of XRP. Cold storage represents a device allowing you to keep your assets offline. It can be, for instance, a piece of paper with a QR code on it. Remember that your crypto wallet has a private key that you should never disclose. Make sure you don’t confuse public and private keys because they look similar. The cold wallet can also be represented as a hardware device that often looks like a USB flashcard. However, they may seem complicated for newcomers in use. Generally, each hardware wallet disposes of a mobile application.
As well, you may have XRP on your balance at a crypto exchange platform like CEX.IO. There are some methods to deposit your Ripple (XRP) on your account. After this, you can benefit from the offered services. You can hold your digital assets, sell, get some passive income, get a crypto loan, or buy different cryptocurrencies for fiat funds, like XRP to EUR.
In case you decided to exchange cryptocurrencies, for example, sell Ripple for Bitcoin, analyze the market thoroughly. Let’s go through the whole process of selling crypto.
Top up your account with fiats
Supposing you are new to a platform. It’s possible to buy Ripple at CEX.IO if you deposit funds from your card or bank account and then proceed with a market order (in case you want to buy this coin now) or with a limit order (which will be filled when the coin achieves the price that you preset).
Exchange XRP to another digital asset
Now when you already have some cryptocurrency at your balance, you can go to the Trade section and opt for the pair you want to trade with. As well, you can open the Exchange section in the mobile app and choose the currency which you want to exchange for Ripple. For instance, you can convert XRP to BTC.
Transfer XRP from the cold wallet
If you own some Ripple (XRP) on your cold wallet, it’s convenient to transfer them to your CEX.IO account. You need to fill out values, the destination tag, addresses, etc. Be very attentive in order to do everything right and mind the commission. After the transaction is completed, the desired amount of XRP will go from your external wallet directly to your CEX.IO balance. In the same way, you may send Ripple from other platforms.
How to sell Ripple for USD?
In case you need to get some cash on your credit or debit card, exchanging XRP to USD might be a great idea. First of all, make sure that market conditions are favorable on the price chart. Then, if the situation on the market caters to your needs, choose the Sell section on the site or Instant Sell option in the mobile app to get dollars instead of Ripple and send money to your card. You may also sell XRP to profit from price fluctuations of different crypto pairs, for example, BTC in USD.
Should I sell Ripple?
Whether you doubt which decision is right for you at this very moment, do some research. If you see on the price chart that the price of XRP goes up, that could mean that the digital asset has growth potential so you may think of buying XRP. Conversely, in case you suppose that the XRP price is going to decline, ponder the market conditions to decide to buy it or not.
How to understand price chart?
To understand better how to sell, buy or trade Bitcoin, XRP, or any other digital assets, it would be a good idea to study technical analysis. Consequently, while observing price charts you could make your own decisions on what will be a better action currently, to sell crypto or not.
Always mind, that even professional analysts can not be 100% sure their predictions concerning the price fluctuations are true.
Where & when to sell Ripple?
Where to sell Ripple?
The right place to sell any digital asset is a cryptocurrency exchange. In order not to make a wrong choice of crypto platform, opt for the one with the following features:
- Reputable. The exchange is well-known, and there are many positive reviews on popular sites and forums;
- Legitimate. The platform disposes of all necessary registrations and licenses, ensuring its actions are regulated;
- Secure. It conducts verifications (KYC), has 2-factor authentication;
- Offers various payment options;
- Had a variety of assets to choose from.
One of such exchanges is CEX.IO. The platform protects users under a level one PCI DSS certificate. In other words, it has proven to have a high level of security for storing, processing, and transmitting card payments.
How to sell Ripple from the wallet on CEX.IO?
When you created and verified your account at CEX.IO, you may benefit from a plethora of selling options. We have elaborated not only the web version but also the mobile app, so you can sell crypto in the most comfortable conditions. Here are the options of selling your Ripple at CEX.IO:
Instant Sell on mobile
You can sell XRP in a moment via CEX.IO mobile application. It’s important to note that the market prices are constantly updating, so due to the service Instant Sell you can buy coins for market price avoiding fluctuations: we freeze the current price for you for 120 seconds.
The user-friendly interface of our platform allows you to see the prices for currency in the order book below the chart and follow the limit orders that are proceeding at this very moment. The full order book ensures that we’ve enough liquidity to execute your order. As well, you can analyse the Market depth to understand the number of people who want to buy crypto, so-called pending limit orders.