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Title: how do ripple's "issuers" work for currency exchange? Post by: paulie_w on April 28, 2013, 03:16:52 PM i am looking at doing an exchange of xrp for btc using ripple. i have added bitstamp as an issuer, which begs the question:
what the hell is an issuer and how does this process actually work? Title: Re: how do ripple's "issuers" work for currency exchange? Post by: cdog on April 28, 2013, 03:23:55 PM Oh whats this, you are trying to rid thyself of thy XRP? Say it aint so goodsir, because Ripple is destined to becomes something truly fantastic!*
*http://members.rennlist.com/sharkskin/Smiley_Misc-SarcasmMeter.gif Title: Re: how do ripple's "issuers" work for currency exchange? Post by: paulie_w on April 28, 2013, 03:30:22 PM uh. i am exchanging some to see how it works yes. so can someone who knows maybe answer my question?
Title: Re: how do ripple's "issuers" work for currency exchange? Post by: traderjoe on April 28, 2013, 04:43:28 PM I'll try to help, I did this for the first time a few days ago.
After adding Bitstamp as a BTC issuer, you need to "trust" them to exchange the ripple BTC IOU's for genuine BTC. This is done by Advanced --> Trust --> Green + sign, then paste the ripple address of Bitstamp and click save. After that, on the left hand side, click Trade, use the dropdown to choose BTC/XRP. Click Order Book near the bottom of that page and you should see a fairly active order book like you would at a Bitcoin exchange. Title: Re: how do ripple's "issuers" work for currency exchange? Post by: paulie_w on April 28, 2013, 08:16:22 PM i only see 'amount' and 'grant trust' in advanced > trust after i enter the bitstamp address... ?
Title: Re: how do ripple's "issuers" work for currency exchange? Post by: malderman on April 17, 2014, 05:25:46 PM Cheapest and Fastest Account Activation:
http://bit.do/ripple |
