How to Sell Ripple (XRP) in 2022

How-To-sell-Xrp
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The cryptocurrency, known as digital currency, encompasses different currencies/tokens under which XRP (also called Ripple) falls. Our focus is on how to sell XRP in us. First, we must understand why it is worth talking about.

The birth of XRP was in 2012 to solve banks’ and financial institutions’ problem of slow and lagging transactions. XRP also solves the problem of high transaction fees, which can be extremely annoying and discouraging to users.

Let’s get down to the juicy business of different platforms where you can sell XRP in crypto or cash and avoid scams. If you’re interested in “how to sell XRP on Trust wallet” and “how to sell XRP on Binance app with making some interest in mind;

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About trading platforms

Trading platforms were built to protect both buyers and sellers of XRP anonymously and stop scammers from stealing by adding KYC (know your customer) to the registration process.

There are tons of trading platforms where you can sell XRP and a whole lot of digital currency take place safely. And, we would gladly walk you through most of it with a focus on our expert recommendations on how to sell XRP.

These trading platforms allow XRP to be bought using either peer-to-peer (P2P), your local bank cards, and bank transfer, depending on the country where you reside.

Trading platforms

  • Binance
  • Kucoin
  • Crypto.com
  • Huobi Global
  • Bitfinex
  • Trust wallet

These trading platforms are used across the world to sell XRP, which protects you from scammers.

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Selling XRP on Trading Platforms

Have you been bothering your little pretty head about where you can sell XRP 2022?

Below, we have compiled a comprehensive list of the steps required to open an account at specific trading platforms so that you can receive payment for your Ripple XRP.

How To Sell XRP on Binance

1. Opening an account

As soon as you open the website, you will notice a registration button that you must click on to create a new account.

2. Upload your ID

During the registration process, you will be required to provide a copy of a valid government-issued identification document to validate your identity and facilitate the registration process.

Your passport, a driver’s license, or proof of residency is required for identification in Binance.

3. Deposit funds

Although some brokers may require an initial deposit of at least $250 to begin trading, Binance allows you to deposit as little as $15.

When you select a payment method from the payments section, you have a variety of options, with the most popular ones being; credit cards, debit cards, bank transfers, and PayPal.

4. Buy XRP

So, how do you get your hands on some Ripple XRP? If you are only interested in buying Ripple, enter ‘XRP’ inside the search bar to narrow down the currencies that are displayed to you.

On the next page, enter the amount you want to buy, and then select the ‘buy ripple’ option. Easy peasy!

However, if you are buying from an individual on the platform check their profile to see reviews from their previous buyers. And more importantly, check that they’re verified.

5. How to Sell XRP for Cash Binance/ How to Sell XRP for USD

To sell your cryptocurrencies on Binance, go to your Binance account’s trade section. Make sure you’re in your Binance account’s SPOT TRADE section.

  • Click on the XRP/USDT coin pairs to learn more.
  • Click the sell button
  • You will see a meter that shows the percentage of the assets you want to sell, such as 25%, 50%, 75%, or 100%. If you want to sell all of your XRP holdings, click the 100 percent button, or type in the quantity manually.
  • Select the sell button
  • You can sell using a market order (to sell immediately) or a limit order, which will sell your XRP at a predetermined price.
  • You can either sell your USDT on the P2P market or withdraw it from your bank.

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Kucoin

1. Sign-up an account on KuCoin

The first step in selling XRP (XRP) on KuCoin is to create an account.

2. Safeguard your KuCoin account by enabling two-factor authentication (2FA)

Two-factor authentication, or 2FA, is an additional layer of security or protection that we refer to as multi-factor authentication. Not only is the username and password required, but so is a piece of information that only the user has. This procedure is used to validate a user’s claimed identity.

Let’s turn on 2FA for your KuCoin account. When you log in, the first box that appears is the Account Security box, which prompts you to enable 2FA. Navigate to Account and select “Bind 2-step verification.”

3. Verify your identity on KuCoin

you get to use the KYC(know your customer) and set up your account, to verify your identity. Which is good to protect customers that want to sell XRP.

4. Deposit in your Kucoin account

You can deposit your XRP from another wallet and also sell your XRP to another buyer on their site.

The selling of XRP is made easy and secure on the Kucoin platform.

The platforms listed and also the two explained in detail how to sell XRP is trustworthy because of the approval rate globally.

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Is XRP A Good Investment

As mentioned earlier XRP is a cryptocurrency with very low entry barriers for investing and trading.

Someone fresh to the space can easily obtain XRP and begin their investment journey with it by just holding on to it and waiting for appreciation or depreciation and also being a digital coin, which is not yet acceptable around the world just like it is big brother Bitcoin.

Cryptocurrency comes with its difficulties and XRP is no different we hope someday it will be generally accepted and it will solve the problem, it was created for.

Pro & Cons of Selling XRP

PROs

The coin is still cheap to own which makes you own a fraction of a whole.

High market capitalizations like this indicate investor confidence, and the fact that XRP as a company is also doing well and is valued highly adds to that sense of assurance.

Cons

Ripple is currently embroiled in a legal battle with the US Securities and Exchange Commission. The SEC claims that when Ripple issued XRP, it sold unregistered securities to US investors.

XRP is controlled by the board which is not good because it means the growth of the coin can be controlled.

 “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

Warren Buffett

The pro and cons will guide your decision to either sell or buy more XRP.

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FAQs

How many XRP will ever be created?

All the XRP that can ever exist (100 billion) were already created at inception. Mining is very costly in terms of energy and the environment and is not very effective at distributing a currency fairly (i.e. due to mining cartels).

Is it possible to mine XRP?

There are no more XRP to be mine because they are all in circulation now and it will take at least 14 to 15 years before it finishes.

Where can I sell XRP 2022?

#1) Bitstamp

Bitstamp is one of the largest spot marketplaces for XRP and other cryptocurrencies by trading volumes ($444 million as of January 2022).

Can I sell XRP on Binance?

Please be aware that Binance.US does NOT support XRP and any XRP assets sent to any wallet on the Binance.US platform will be permanently lost.

How do I convert XRP to Bitcoin?

  • Log in to your Changelly account. …
  • Select XRP and BTC in the conversion window, then enter the amount of the coins you’d like to swap.
  • Choose whether you want to convert these currencies at fixed or floating rates.
  • Enter your BTC or cryptocurrency wallet address.

Conclusion

Cryptocurrency is an evolution from paper currency to digital, which is yet to be understood fully by everyone and it has cost a lot of people to lose their hard-earned money to scammers.

Based on it is not accepted yet around the world as a financial sector, you face the risk of losing your money to the founder of the coins because the government does not protect you.

You conduct strict research of any cryptocurrency before buying and you hold it for a long time before you sell it off.

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