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Author Topic: Cannot buy xrp on ripple.com...anyone else having the same problem?  (Read 491 times)
tclo
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April 13, 2013, 03:04:32 PM
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Is the Order Book working or the entire system?   I am trying to place an order to buy 15000 xrp for $20...price of 750 xrp per $1

I enter the order in the system:

Amount to Sell ------ Price of Each -------- Order Value
20 USD --------------- 750 XRP ---------- 15000 XRP

It show the lowest Ask price as:

Ask Price ------Size (USD)
749.00 ------- 79.559200

So it accepted the order about 30 min ago (had to log out and back in for that even to work) but the order isn't executing and it isn't showing up in the order book either.  Is the entire system nonfunctional at the moment?
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tclo
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April 13, 2013, 04:19:29 PM
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Also, I just tried to do another order for $20 and it says:

Transaction failed!
Error: Insufficent reserve to create offer.

However, I have $50+ in my account so why would two $20 orders cause that message?
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April 13, 2013, 04:25:10 PM
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Also, I just tried to do another order for $20 and it says:

Transaction failed!
Error: Insufficent reserve to create offer.

However, I have $50+ in my account so why would two $20 orders cause that message?

you need 500 as a base to get started making bids etc, which means you almost need "invited in" by somebody sending you some, which I'll do unless I already just did on irc Smiley
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April 13, 2013, 04:33:44 PM
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Also, I just tried to do another order for $20 and it says:

Transaction failed!
Error: Insufficent reserve to create offer.

However, I have $50+ in my account so why would two $20 orders cause that message?

you need 500 as a base to get started making bids etc, which means you almost need "invited in" by somebody sending you some, which I'll do unless I already just did on irc Smiley

assumed you were rNXqK4ibcwi2JGmi8dJigTuszcinC61ths and send you 1k Wink
tclo
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April 13, 2013, 04:41:22 PM
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Also, I just tried to do another order for $20 and it says:

Transaction failed!
Error: Insufficent reserve to create offer.

However, I have $50+ in my account so why would two $20 orders cause that message?

you need 500 as a base to get started making bids etc, which means you almost need "invited in" by somebody sending you some, which I'll do unless I already just did on irc Smiley

assumed you were rNXqK4ibcwi2JGmi8dJigTuszcinC61ths and send you 1k Wink

Ok thanks much...I will repay it shortly as soon as I can get an order to go through, buying some more.  

However it was showing up and then disappeared...now back to showing 349 XRP as my balance.  

However, in my History and All Activity, it shows

All Activity
Received
Sent
Date   Source / Destination                      Amount                      Balance
Apr 13, 2013   rnWXXXXXXXXXXXiPCPWb2xegg   1,000XRP   1,299.999951XRP
Apr 13, 2013   rrXXXXXXXXXXXXXXXn1   50.82USD   50.82USD
Apr 13, 2013   rnXXXXXXXXXXXXXXyPT   100XRP   400XRP
Apr 11, 2013   rUuXXXXXXXXXXXXx8R33   300XRP   300XRP

I "X'd" out the addresses even though I don't know if that is necessary.

I don't get it...I know the site is in beta but just bugs galore and just wish I could get an order to go through.
dchapes
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April 14, 2013, 02:15:12 AM
 #6

I know the site is in beta but just bugs galore and just wish I could get an order to go through.
Works great for me  Grin (minus the occasional disconnect or the occasional failure to update the order book).

IMO, Ripple questions are best asked (and answered) on the Ripple forum and/or StackExchange
freequant
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April 14, 2013, 03:37:13 AM
 #7

Is the Order Book working or the entire system?   I am trying to place an order to buy 15000 xrp for $20...price of 750 xrp per $1

I enter the order in the system:

Amount to Sell ------ Price of Each -------- Order Value
20 USD --------------- 750 XRP ---------- 15000 XRP

It show the lowest Ask price as:

Ask Price ------Size (USD)
749.00 ------- 79.559200

So it accepted the order about 30 min ago (had to log out and back in for that even to work) but the order isn't executing and it isn't showing up in the order book either.  Is the entire system nonfunctional at the moment?

The currency pair is USD/XRP. The base currency is USD, which means that Ask = Sell USD, Bid = Buy USD.
The 79.559200@749 offer you are looking at is to SELL USD, not buy...  This order is in the same direction as your order, and even cheaper that yours, so you order will be inserted in second position in the Ask book.
If you want to get a fill, you have to sell USD for a price lesser than or equal to the best Bid price.
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