Bitcoin Forum

Jan. 14 it works again now

1.   Ripple wallet(if you have a ripple account, please see step 2)
1.1   Create an account on https://ripple.com/client/#/register
1.2   Login in
https://i.imgur.com/5wGMcjG.png
1.3   Fund your wallet(ripple wallet need at least 20 XRP as a reserve. If you want to trade on it, you need to fund more XRP.)
Tips: You may ask your friends send some XRP to your address, or buy some at your local gateway. You may find more useful and detailed info on ripple’s official forum: https://ripple.com/forum/viewforum.php?f=5

2.   Trust
2.1    click "Advanced"
2.2    click "Add trust"
2.3    Paste peercover’s address (ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV). 
        Fill in an amount you feel good.
        Change “USD” to “NXT”(should be uppercase)
2.4    And "Grant trust", and confirm.
https://i.imgur.com/wK5Gjeb.png
 
3.   Deposit NXT to your ripple wallet    
        Enter Peercover’s simplegateway:  http://peercover.com/#/simpleGateway
3.1    Choose “deposit” at the left and choose “NXT” at the right.
        Enter the ripple address you want to deposit
        Enter your e-mail
        Enter the amount
        “Deposit NXT”
https://i.imgur.com/F1wsAMq.png
3.2    Then, it will show you an NXT address like below(The NXT address vary whenever you deposit.)
https://i.imgur.com/wke8jDL.png
 
3.3    Send the amount of NXT from your NXT wallet to the address.
You will receive an e-mail saying that your deposit initiated and your ripple wallet will receive the NXT within 0.5--1 hour.

4.   Withdrawl NXT from ripple wallet to NXT wallet
        Enter Peercover’s simplegateway:  http://peercover.com/#/simpleGateway
4.1    Choose “withdrawl” at the left and choose “NXT” at the right.
        Enter your NXT account
        Enter your e-mail
        Enter the amount
        “withdrawl NXT”
4.2    Then it will show you a ripple address, copy it. Please select the whole address(for example, ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV?dt=22).
https://i.imgur.com/5JgoVOt.png
4.3    Go to your ripple wallet, click “send”, paste the address at “recipient”
        Fill in the amount you want to withdrawl
        Change “XRP- Ripples” to “NXT”
        Click “Send NXT” and confirm.
https://i.imgur.com/kgXI46j.png

Like deposit, peercover will send you an e-mail.


5.     Trade
        Now you have some NXT/BTC/USD(IOU) in your ripple wallet, and supposed that you have at least 31XRP as a reserve.
5.1    Click “Trade”, input XRP/NXT or NXT/XRP at 1
        Make sure that the issuer is peer at 2. If not, change issuer, and paste peer’s ripple address and confirm.
https://i.imgur.com/TERgTSc.png

5.2    Input the amount you want to buy or sell at 1, and the price at 2, the Order Value will be generated automatically at 3.
https://i.imgur.com/qvDlwZb.png

5.3    your orders
https://i.imgur.com/eM1qjKU.png

5.4    order lists
https://i.imgur.com/9EJR7lO.png

If you want to trade BTC/NXT, USD/NXT, make sure that you have trusted peer accordingly and select peer as the issuer.


If you have any question or correction, be kind to tell me.
And your donation is welcome.
Thanks.

BTC: 13YqAxyEqjc6SyNvxPw5inMkvFaWG4QLnm
XRP: rNvAsbi9ZUGBpdk53RBa4TEcJMLTNXW1Mk
NXT: 10717620662323188999

Sorry, but this has gotten out of control https://bitcointalk.org/index.php?topic=401028.0

It is recommended to have 31 XRP as funding: 20 for the base reserve, 5 for a trust line for your NXT issuer (or any other gateway you want to initially use), 5 more for a trade offer and 1 more to pay for ~100k transactions. Beyond that you do not ned to deal with XRP any more, unless you want to trade a lot or choose to buy/sell them.

There are some sites out there that give you a BTC deposit address and ask for your Ripple address, then convert + send funds there (you send BTC to the deposit and receive XRP) - I haven't used them though, so no recommendation by me.

Once there is a market against XRP by the way, you can trade indirectly for a LOT of currencies on Ripple - USD, BTC, CNY, EUR, LTC are only the more liquid ones, there's even more.

thank you for your further explanation and information.
let more and more people know different ways of exchange, join them, compare them, stimulate them.
this is the process of growth

So, deposits have been no problem - I just can't trade. When I click on sell, I am brought to the myoffers section but no trade is placed. Any ideas? Clearly trading works for others since there are existing trades and I'm able to trade ok on the default ripple wallet.

Has anyone placed a NXT/BTC trade today on peercover?

there are several orders under BTC/NXT and NXT/XRP this time,
do you select the "issuer" at the page of "Trade"?
if you want to trade BTC/NXT, you should select peer(its ripple address) as both BTC and NXT's issuer.
and do you have enough IOU to place an order

I tried a NXT withdrawal.. PeerCover said it was done, never received the coins..

Is there a support thread somewhere or is this it?

there is a support on the page of peercover's simplegateaway

I had the same problem last week. Withdrawal never showed up in Nxt blockchain.  Also I couldn't do the trade from Peercover. If I clicked 'buy' nothing happened.  I did the trade in my Ripple account.  Now in Ripple if I click Trade it just shows 'Loading Order Book ... '.  I guess something is wrong in Peercover and Ripple.

WTB 10XRP for BTC or NXT.

you may leave your ripple address , I will send you the 10XRP
if you just trade for a trial, you can refer to the above.

Hi

I sent 10,000 Nxt on Friday:
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=4070501502480809124

No Nxt in my Ripple though, what am I missing?

Why does Ripple is such a pain in the ass to use ?

Anyway thx for the tutorial.

Most problems imho come from people using the default public rippled servers - if you run your own local one, you are the only person using it... meaning it will not go under heavy load just because suddenly a bunch of people sign on and all request their trading history of the past year at once.

It seems the website http://peercover.com/#/simpleGateway is not accessable, whatis going on?

Peercover ceased their operations recently and are closing shop.

what will happen to the nxt they trade on ripple?

They asked their customers to withdraw them until the end of the month, you should have gotten a mail if you are one of their users.

I'm not, i just bought nxt on a ripple address and received it from their ripple address, but now i can't connect to the website. Do you have some kind of contact info?

I can't see a way but is it possible to withdraw Nxt directly from Ripple? I have a few Nxt coins in my Ripple account that I bought using Peercover.  Peercover is inaccessible for me.

I know this is not possible, only btc go directly because of bitstamp