Mini guide to fair market BTC/XRP trading and redemption

[lcq225]

I have add bitstamp.net,but I can't place an order.And how do I active bitcoin wallet in ripple?

[crazy_rabbit]

It doesn't look to be possible to buy XRP with btc through ripple , as ripple cannot be funded with btc.

Could be missing something or the point of ripple entirely.

Yep, you missed it. Open a Bitstamp account, fund it with Bitcoins then "Withdraw" the BTC to your Ripple account and use the Bitstamp BTC IOUs to bid on XRPs in the order book.

Okay but how do you do the reverse? IE: fund with Ripples and withdraw to BTC?

[alexkravets]

First you buy Bitstamp BTC IOUs, then inside your bitstamp you: deposit -> ripple

[crazy_rabbit]

I did it. Wow it was complicated. What problem is it supposed to be solving again?

[tokeweed]

thanks OP. finally got some btc in ripple.