Buying Ripple: Binance or Bitstamp?

[Gravel PitParticipant]

I know that I can transfer Bitcoin from Coinbase to Binance and buy some Ripple with it. The trouble is how am I going to get it back out? Binance is not like Bitstamp or Coinbase.

Option A: Convert the Ripple back into Bitcoin and back over to Coinbase for withdrawal? Basically working in reverse?

Option B: Transfer all ripple to a Ripple cold wallet (don’t know how to do it) or send it to Ripple wallet on another exchange like Bitstamp?

Bitstamp offers XRP Ripple so I guess ill wait for my verification to go through. I’m wary of buying the Ripple on Binance because I don’t know how to withdraw it in Dollars in my bank. They don’t deal in dollars, they deal in bitcoin.

Any explanation from people who know they’re doing in crypto, please advise us noob guys who just got in. We’re your mgtow brothers. LOL

[MarketWatcherParticipant]

Option A is the simplest solution. It is also the most expensive.

Also, Google “Reddit Ripple”. Lots of pros there.

[Gravel PitParticipant]

Update:

When trying to send $50 worth of Bitcoin, from Coinbase to Binance: the Coinbase is basically going to harvest $29 worth of it, and only deposit $17 worth in the Binance account.

For obvious reasons, when I saw that, I decided not to transfer that amount just to buy Ripple on binance. I’m getting gypped out of $30.

Does anyone know, if I send about $500 worth of bitcoin, will coin base still charge the same $30 or are they going to rip me off for over half of the deposit in that case too?

[Gravel PitParticipant]

Thanks Market Watcher

[MarketWatcherParticipant]

Gravel Pit wrote:

Coinbase is basically going to harvest $29 worth of it, and only deposit $17 worth in the Binance account.

Yup. F~~~ that. The fees are based on a percentage of whatever transaction you are trying to make. Also, if you would have made the transfer it could take hours before is goes through the blockchain and into your other wallet. /if you are lucky/

Gravel Pit wrote:

Thanks Market Watcher

Anytime Sir.

Good luck and for now remember to “HODL”.

[CarnageParticipant 22113]

I was a ripple fan till I saw something.

Why is litecoin Soo expensive?

The answer, market cap/cripto volume.

There is only 21 million litecoin and market cap was around 10 billion… do the math.

Problem with ripple is there is 100 billions ripple, when they all out in market you wold need 100 billion market cap invested to make it worth 1 dollar…

1 trillion to make it worth 10 dollar… good for making business between company, but not a good idea if you plan to invest 1000 and await for it to grow…

Iota has smaller volume, for example.

I sold my ripple at 69 cents (bought at 23 cents)

Buyed BCH couse i thoug it wold go up after the coin base inclusion… losing a few hundred rigth now.

The good think about ripple is it is supposed to have some giants like vida behind it… iota is all jumpy about IoT wich I see ax net neutrality stuff (we will make you pay for everything) if it is connected to the net you will pay for it with iota.

Has anyone seen the movie “on time” with Justin Timberlake?

Just cut the death part by now.

Anyway any opinion on why some cripto May become the next big thing is welcomed… I gave those 1000€ for lost long ago anyway.

Hahahaha

To those following me, be careful, I just farted. Men those beans are killers.

[Gravel PitParticipant]

MarketWatcher wrote:

if you would have made the transfer it could take hours before is goes through the blockchain

Well, after considering the $30 down the toilet, I went ahead and did it anyway just to know it can be done. Luckily, the whole thing went down in about 20mins. I had the balance showing in Binance. I went ahead and bought the Ripple so now I own 17 Ripples. Oh joy to the world right? … It cost me $50 do to this but now I have them. Coinbase is a bit obscene with the butchering fees. I don’t feel bad because this is what I wanted to do so now I have them lil’ bitches and they aint moving. Maybe one day they will be worth the $29 fee I paid to put them there.

Carnage wrote:

Problem with ripple is there is 100 billions ripple, when they all out in market you wold need 100 billion market cap invested to make it worth 1 dollar…

I still need to understand that whole bit. I totally admit I don’t know much but I’m sure I will pick up speed. Thanks for the comments.

And as Vention says, Don’t get married. 🙂 Ice them Out and Man Out MGTOW MONK here forever.

[CarnageParticipant 22113]

Gravel pit.

Is not hard to understand:

My runner up list:

Omisego
Santiment
Iota
Avt
Edo
Eos looks good also.

I got at least 10 of each.

Someone has to hit jackpot… maybe.

To those following me, be careful, I just farted. Men those beans are killers.

[CarnageParticipant 22113]

Hummm none of you guys share you honey pot bet.

F~~~ers, there is no reason to be greedy, the more money goes in the more you might win… like any good scam.

To those following me, be careful, I just farted. Men those beans are killers.

[MarketWatcherParticipant]

Gravel Pit wrote:

Luckily, the whole thing went down in about 20mins

Good to know. For what you paid to make it happen it should be quick. Keep researching and good luck.

[Gravel PitParticipant]

Carnage wrote:

Someone has to hit jackpot… maybe.

That’s the spirit brother! 🙂

I’m into this thing for less than $600 so I’m nice and comfy with that for now.

I have Litecoin (1.6 coins)
and Ripple (17 coins)

Nothing to brag about but I’m in the game! A month ago I was nothing, now at least I have a place in line. Wish I had more to invest but I’m having fun, learning a lot and its entertaining

[MarketWatcherParticipant]

Gravel Pit wrote:

Nothing to brag about but I’m in the game! A month ago I was nothing, now at least I have a place in line. Wish I had more to invest but I’m having fun, learning a lot and its entertaining

At this point that is what the game is about. Right attitude brother!

[CarnageParticipant 22113]

2 lite
160 iotas
7 eidoo
10 omisego
24 santiment
20 aventus or what ever the name is.

As I said those 1000€ are wasted, I expect to lose every cent of it.

To those following me, be careful, I just farted. Men those beans are killers.

[Author]

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