Here’s a comprehensive guide on selling your XRP for USD, EUR, or other cryptocurrencies, whether through centralized exchanges or peer-to-peer (P2P) platforms.
Note: To sell XRP, you’ll need to transfer your coins from your wallet or storage account to an exchange. Simply initiate a withdrawal from your wallet to the exchange’s deposit address. Transactions may take time to reflect in your exchange account.
How to Sell Ripple (XRP) for USD/EUR
Option 1: Direct Exchange
Sell XRP directly for USD/EUR on exchanges supporting fiat withdrawals.
Option 2: Indirect Exchange
- Trade XRP for another cryptocurrency (e.g., BTC, ETH).
- Sell that cryptocurrency for USD/EUR on a fiat-supporting exchange.
Recommended Exchanges
- Bitfinex
- Bitstamp
- Kraken
- Gatehub
- Exmo
Steps to Sell XRP for USD/EUR:
- Register and verify your account (ID and proof of residence required).
- Deposit XRP into your exchange wallet.
- Sell XRP for USD/EUR via the trading pair (e.g., XRP/USD).
- Withdraw fiat to your bank account (check withdrawal fees below).
Verification Requirements
- Bitfinex: Government-issued ID, proof of residence, and bank statement.
- Kraken: ID, proof of residence, and phone number.
- Bitstamp: Personal details and residency documents.
Trading XRP for Other Cryptocurrencies
Example: Selling XRP for BTC on Binance
- Sign up and enable 2FA.
- Deposit XRP (ensure you include the destination tag).
- Navigate to Exchange > Basic and select XRP/BTC.
- Place a sell order (limit or market).
- Confirm the trade in Order History.
Fees Comparison
| Exchange | Deposit Fee | Trading Fee |
|----------|------------|-------------|
| Binance | Free | 0.1% |
| Kraken | Free | 0.16%–0.26% |
Peer-to-Peer (P2P) Selling
Platform: Cointal (only major P2P option for XRP).
Steps:
- Create an account on Cointal.
- List your XRP for sale or browse buyer offers.
- Complete the transaction (1% fee applies).
Safety Tips:
- Trade only with "Trusted Sellers."
- Never share personal info (email/phone).
- Report suspicious activity to Cointal support.
Should You Sell Ripple?
Pros:
- Market Stability: XRP consistently ranks top 3 by market cap.
- Advanced Blockchain: Handles 1,500+ TPS (vs. Bitcoin’s 7 TPS).
- Strong Partnerships: Apple, Santander, and Western Union use Ripple’s tech.
Cons:
- Regulatory Uncertainty: Ongoing SEC litigation may impact price.
Final Tip: Monitor market trends via CoinMarketCap or Cointelegraph.
FAQ
Q1: What’s the fastest way to sell XRP for cash?
A: Use Bitstamp or Kraken for direct USD/EUR withdrawals.
Q2: Can I sell XRP without ID verification?
A: No—exchanges require KYC for fiat withdrawals.
Q3: Are P2P transactions safe?
A: Yes, but only with verified traders and escrow protection.