Be prepared for the next XRP moon mission. Avoid the rush; Learn how to get registered, verified and cash out quickly on the most popular crypto exchanges.
Historically, when an XRP bull run occurs, crypto exchanges go down due to server overload. For instance, when Binance experienced server load balancing issues. They were forced to perform server upgrades to handle it.
Before that, in December of 2017 Bittrex had to turn off user registration to preserve their servers.
Crypto exchanges can't predict the level of traffic they receive day-to-day. It's important to keep your XRP safe and off exchanges.
I personally use the Ledger Nano S for this. It's easy to set up, secure and provides an easy to use interface for sending and receiving.
I wrote this list of the top XRP supported crypto exchanges to help you cash out fast. Increase your odds of being able to cash out your XRP by signing up to these 5 Ripple XRP supported crypto exchanges.
List of Exchanges to Cash Out Your Ripple XRP Fast
Binance Exchange
Binance was founded in September of 2017. As of January 2018, Binance is the largest crypto exchange with a BNB market capitalization of $1.3 billion.
For this reason, Binance may also be the best exchange for cashing out your Ripple XRP quickly.
According to coingecko.com Binance get the highest volume of users at 17.6% at the time of writing this. While Bithumb gets the second highest volume of users at 12.2%. Next, Bitbank is the third highest volume of users at 10.8%. Leaving Huobi with the lowest volume of users at 10.1%.
Because Binance gets the highest volume of daily users, the exchange may be best suited to handle the next XRP bull run.
Binance Fees for Withdrawals
Binance requires a withdrawal of 22 XRP minimum and charges 0.25 XRP per withdrawal.
Binance offers free deposits. Visit the Binance Fee Schedule for more information.
Read my Binance registration and verification guide. This step-by-step guide will help you complete the registration and verification process.
Using Binance to Cash Out Your Ripple XRP
To begin, log in to your Binance account and go to the Deposits page. You can locate the Deposits page in the header menu under the “Funds” drop-down.
Now, you should be on the Binance Deposits page. Here, you can search for the currency you wish to deposit — such as “XRP”.
Select “XRP – Ripple” from the search box. Next, you'll be taken to the Ripple XRP deposit confirmation form.
To clarify, this is confirming that you understand you must use your generated address and destination tag to send XRP to Binance.
Confirm by checking the “I understand that deposits without a Tag will be lost.” box. Then, click the “Continue Deposit” button to continue.
On the next page, you'll be given an XRP Deposit Tag and XRP Deposit Address. Use this information when sending your XRP to the Binance exchange.
Once the XRP is deposited to your account, you'll be able to trade it on the exchange.
Kraken Exchange
Kraken is a U.S based cryptocurrency exchange founded in February 2011. Kraken operates in the United States, Canada, the EU, and Japan.
Kraken's XRP trading pairs
- XRP/USD
- XRP/EUR
- XRP/CAD
- XRP/JPY
- XRP/XBT
Here's a full list of supported trading pairs on Kraken.
Kraken Fees for Deposits
| Augur | REP | Free |
| Bitcoin | XBT | Free |
| Bitcoin Cash | BCH | Free |
| Cardano | ADA | Free |
| DASH | DASH | Free |
| Dogecoin | XDG | Free |
| EOS | EOS | Free |
| Ether | ETH | Small fee to move ETH into Kraken's wallet |
| Ether Classic | ETC | Small fee to move ETC into Kraken's wallet |
| Gnosis | GNO | Ğ0.004 address setup fee |
| Iconomi | ICN | 0.5 ICN address setup fee |
| Litecoin | LTC | Free |
| Melon | MLN | M0.01 address setup fee |
| Monero | XMR | Free |
| Qtum | QTUM | Free |
| Ripple | XRP | Free |
| Stellar Lumens | XLM | Free |
| Tether USD | USDT | Free |
| Tezos | XTZ | ꜩ0.05 address setup fee + ꜩ0.05 deposit fee |
| Zcash | ZEC | Free |
The Address Setup Fee is a one-time fee charged to the first deposit to a newly generated deposit address. Visit the Kraken Deposit Fees page or Kraken Fee Schedule page for information on fees.
If you haven't registered yet, check out my Kraken sign up and verification guide. A step-by-step guide that will help you complete the signup and verification process.
Using Kraken to Cash Out Your Ripple XRP
Login to your Kraken account at kraken.com/login. Then visit the Kraken deposit page at kraken.com/u/funding/deposit. You'll see a list of cryptocurrencies on the left sidebar.
Find Ripple (XRP) and click the link to get started depositing XRP. Then you'll be taken to the Ripple XRP Deposit page as seen below.
Click the “Yes, I acknowledge” button to get started with the deposit process. The page will refresh, giving you the option to generate a new Ripple XRP address.
Now, click the “Generate New Address” button. You'll be given a new deposit address and destination tag. Send your XRP to this address and destination tag.
Once your XRP is deposited to your Kraken account, you can trade it for USD or EUR currency. Get started by visiting the Kraken Trade page.
Start by going to the “New Order” tab and toggle to “Sell” mode. Your trade page by default is set to simple mode and currency pair XRP/EUR. Change this to Intermediate if you need to change the currency pair to XRP/USD.
Click the box to the right of the Buy/Sell toggle button to select your desired currency pairs. Ex: XRP/USD. Now, when you go back to simple mode, you'll see USD instead of EUR.
DCEX Exchange
DCEX launched in July 2018 as a cryptocurrency marketplace for retail and institutional investors . DCEX is the first digital currency exchange to go live with Ripple XRP as the exclusive base currency.
Supported Deposit Currencies:
- Ripple (XRP)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- EOS
- IOTA
- Monero (XMR)
- Tron (TRX)
- DASH
- Zcash (ZEC)
- OmiseGO (OMG)
- VeChain (VEN)
- TrueUSD (TUSD)
You can find more commonly asked questions at the DCEX FAQ page.
DCEX Fees for Withdrawals and Deposits
| Currency | Withdrawals | Deposits |
|---|---|---|
| XRP - Ripple | Free | Free |
| BTC - Bitcoin | Standard Network Fee* | Free |
| BCH - Bitcoin Cash | Standard Network Fee* | Free |
| BTG - Bitcoin Gold | Standard Network Fee* | Free |
| LTC - Litecoin | Standard Network Fee* | Free |
| ETH - Ethereum | Standard Network Fee* | Free |
| ETC - Ethereum Classic | Standard Network Fee* | Free |
| OMG - OmiseGO | Standard Network Fee* | Free |
| EOS | Standard Network Fee* | Free |
| DASH | Standard Network Fee* | Free |
| TRX - Tron | Standard Network Fee* | Free |
| TUSD - TrueUSD | Standard Network Fee* | Free |
| XMR - Monero | Standard Network Fee* | Free |
| VEN - VeChain | Standard Network Fee* | Free |
| IOTA | Standard Network Fee* | Free |
Visit the DCEX Fee Schedule page for more information.
If you haven't registered yet, check out my DCEX signup and verification guide. A step-by-step guide that will help you complete the signup and verification process.
Using DCEX to Cash Out Your Ripple XRP
Start by logging in to your account from the DCEX home page. Once logged in, you'll have a “My Accounts” tab in your left sidebar.
Click this tab to open your My Accounts page. From there you can locate the XRP currency.
Click the corresponding “Deposit” button to deposit XRP to your DCEX account. A popup will appear with an XRP address and destination tag as seen below.
This popup will include an address and destination tag for you to send your XRP to. I greyed out my XRP address, QR code, and destination tag for security reasons.
Enter this address and destination tag as the “send to” address from whichever wallet your XRP is stored.Once your XRP is delivered, you can trade it on the DCEX exchange.
Poloniex Exchange
Poloniex is a U.S based exchange founded in January 2014.
Poloniex Fees
Poloniex does not charge fees for deposits or withdrawals. Visit the Poloniex Fee Schedule page for more information.
Check out my Poloniex signup and verification guide. It's a step-by-step guide that will help you complete the signup and verification process.
Using Poloniex to Cash Out Your Ripple XRP
In order to cash out, you must first deposit your XRP onto the Poloniex exchange. Start by logging in to your account and visiting the Poloniex Balances page.
On the Balances page, search for “XRP” and click the “Deposit” link as seen below.
After, you'll be given a notice regarding the XRP wallet reserve. This is letting you know that a minimum of 20 XRP must remain in the wallet once transferred. Read more about the 20 XRP reserve requirement.
Click the “Deposit Address” link in the bottom of the message to continue.
Now, Poloniex will display your XRP deposit address. Optionally, you can click the “Show QR Code” link below it to display a scannable QR code address.
Keep in mind, you don't need a destination tag to deposit your XRP to this address. Once you deposit XRP to your account you can trade it in the exchange.
Bitstamp
Bitstamp is a cryptocurrency exchange based in Luxembourg. This exchange allows trading between USD, EUR, and cryptocurrencies.
Supported Deposit Currencies
- USD
- EUR
- Bitcoin
- Litecoin
- Ethereum
- XRP
- Bitcoin Cash
Bitstamp Fees
Bitcoin
| Transaction type | Fee |
|---|---|
| Deposit | Free of charge |
| Withdrawal | Free of charge |
| Withdrawal using BitGo Instant | 0.1% |
Ripple IOU
0.20% fee for IOUs transferred between accounts.
Ripple XRP
| Transaction type | Fee |
|---|---|
| Deposit | Free of charge |
| Withdrawal | Free of charge |
Litecoin
| Transaction type | Fee |
|---|---|
| Deposit | Free of charge |
| Withdrawal | Free of charge |
Ethereum
| Transaction type | Fee |
|---|---|
| Deposit | Free of charge |
| Withdrawal | Free of charge |
Bitcoin Cash
| Transaction type | Fee |
|---|---|
| Deposit | Free of charge |
| Withdrawal | Free of charge |
Visit the Bitstamp Fee Schedule page for more information.
ead my step-by-step Bitstamp registration and verification guide. It will help you complete the registration and verification process quickly.
Using Bitstamp to Cash Out During a Ripple XRP Bull Run
First, log in to your Bitstamp account at bitstamp.net. Once you're logged in, you can click the “Deposit” link in the header menu.
On your Deposit page you're given a left sidebar with different currencies. As seen below, select the “Ripple (XRP)” item to begin.
You'll then receive a popup warning message. This message is ensuring you enter your Bitstamp XRP address and destination tag when sending.
Check the “I have read the warning” box and click the “I AGREE” button to continue. Finally, you'll be given your XRP address and destination tag.
Once your XRP is deposited to your account, you can trade on the Bitstamp exchange.
Conclusion
In this guide you learned how to cash out your XRP on 5 popular exchanges. By using this guide, your chances of cashing out in the next bull run is almost guaranteed.
I also wrote step-by-step registration and verification guides for each exchange listed. By using these guides to increase each account's security and deposit/withdrawal limits.
Has this guide helped you? If you could give an XRP HODLer any advice for the next bull run, what would it be?
Visit the Resources page for more exchange guides, XRP guides and useful tools.
Posted from my blog with SteemPress : https://xrpontop.com/xrp-bull-run-cash-out-guide/