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Author Topic: Ripple: The Best Way To Legitimize Bitcoin  (Read 13086 times)
bitcoinrocks
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December 14, 2013, 11:45:34 PM
 #141

Which exchanges trade in XRP?
OnkelPaul
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December 14, 2013, 11:51:25 PM
 #142

Which exchanges trade in XRP?

Here's a list

SCNR

Onkel Paul

mmeijeri
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December 15, 2013, 01:47:41 AM
Last edit: December 15, 2013, 10:45:29 AM by mmeijeri
 #143

Quote
Yeah, that's the main thing I do care about.

Well, in that case the thing is not to buy more than the minimum amount of XRP you need to use the exchange functionality. I've only bought a tiny bit myself, and got some in a handout. I've also earned a grand total of 29 XRP through computingforgood.org. :-) I think I'll buy a small amount of XRP in case it takes off spectacularly, maybe 100 euros or so.

Quote
So far as I can tell this "robust exchange system" is nothing more than theoretical, though.

It's operational right now. Most of the liquidity is in the order books against XRP, which is not surprising since XRP was designed to be a bridge currency. The software does synthesise virtual order books, but the standard client doesn't display these synthesised books, just the underlying ones. This means that the effective depth in Bitstamp USD / Bitstamp BTC is much better than appears on your screen. If there's a setting I could tweak somewhere I'd love to hear about it. If you use the Convert menu option, it does use the synthesised order book, although you can only use it for market orders, not limit orders.

Quote
I said above that I'll jump through hoops to get myself going with Ripple in a heartbeat if someone can show how it can get me a better exchange rate than Coinbase for USD/BTC, with equivalent ease and trustworthiness. I'd probably even be willing to drop the "equivalent ease" part so long as I can access the USD within a few days and the trustworthiness is there (there needs to be a US company that I can sue if my money gets stolen, basically).

I don't how good Coinbase is, as I'm not in the US. I've bought most of my BTC through bitonic.nl. It's a very quick and reliable system, but it's also expensive. I did buy some through Ripple, but I was dissatisfied with Bitstamp. The two main reasons I'm reluctant to use Bitstamp for more than very small amounts is that the process is slow compared to Bitonic and that my experience with them and the fact that they are located in Slovenia mean that I'm not confident they'll be able to store my money / BTC safely. I'd love to use a gateway that is directly connected to the Dutch banking system, especially iDeal. It would also have to be based in a larger eurozone country with a more solid banking system than Slovenia. The Netherlands would be ideal for me, but Germany or Austria would be fine too.

Quote
But it's unlikely such a scenario would last very long, because I and a whole bunch of others would arbitrage the hell out of such a scenario.

That's what I'm hoping for. Ripple would be ideal for arbitrage and would allow us to get rid of the idiotic spreads between exchanges. The main thing we need for that is more and more trustworthy gateways. The software is already there.

Quote
Certainly Bitcoin can help Ripple, but not only do I not see the benefit of that, I can see some potential pitfalls. Ripple has the potential to become the nice government-sanctioned system which governments can point people at as they regulate the life out of Bitcoin. And for those of us who care about having a decentralized currency, which is we should not forget the primary purpose for which Bitcoin was created, that would be a tragedy.

XRP is just as deregulated, but more importantly, Bitcoin needs distributed exchanges to grow. And I think Ripple is just the thing that will prevent governments from shutting it down. It's basically digital Hawala, and governments around the world have been unable to eradicate Hawala.

ROI is not a verb, the term you're looking for is 'to break even'.
Slingshot
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December 15, 2013, 06:03:53 PM
 #144

RE: Ripple


 I received some ripple along with a lot of others here at bitcointalk.org back in February.

 Then I learned about Ripple and those behind it. (They got my attention).

 Then finally I kinda got exactly what Ripple is, and what Ripple isn't.


 But it's not easy to understand how and what to do to trade with Ripple.

 I would really like to trade coin and trade coin for fiat on Ripple, but it's far from easy to
understand how to do it.

 Just recently I again visited Ripple, and well again I couldn't figure out how to sell btc for usd
nor how to trade usd for btc. Not to mention trading various crypto types with Ripple.

 Ripple simply has to figure out how to make this much less daunting. If I have trouble figuring
it out how to even use it then most if not almost everyone else will too. That's a critical flaw.

 I am not really a smart person per say, but I am intelligent. And very knowledgeable about many
topics and subjects. I can fix and solve most puzzles and mysteries. What I am getting at here is
that I want something like Ripple. It's a great concept. And many here are absolutely not
understanding what Ripple is, and what it's not. And that's certainly because it's quite different
than anything else in the way it functions.


 Ripple needs to get easy. Far easier. I am holding out, and holding on to the Ripple I have in
the hopes they succeed where so far they haven't; getting it simple, easy, and getting the
critical mass of trading going so that suddenly we have a new type of digital paypal per say.

 If it was just easy enough to use I would help start getting that critical mass of trading going on it.

 I am crossing my fingers they can get it right. Already the online wallet is easy, and well
SnapSwap seems okay.

 But figuring out how to do the trades and this nonsense about having to trust others when
we can't trust anyone when it comes to money very much in the first place. Especially strangers
online of all folk.

 The best thing an old attorney of mine taught me was this:

 "you can trust people to a point. And that point is money".

 Or in other words one cannot trust people when it comes to money issues.
At least not some people. And thus why i had to retain that attorney in the first place.
(to get my money that they refused to hand over without a legal fight). But I did then get
my money, less the cost of the attorney. And why I don't trade here person to person because
I have no idea who can be trusted and who can't be trusted. Nor for HOW MUCH they can be
trusted. Many are honest. Many are not. Thus:

 "you can trust people to a point. And that point is money".


 
 I am crossing my fingers for Ripple!

 But it's got to be made dummy proof if it is to succeed in the marketplace. Otherwise it's going
nowhere fast. Most people are not smart. Maybe I am wrong but most wont be even able to
comprehend what Ripple is, and what it's not. Just like here in this thread some don't even grasp
what it is after it's clearly been laid out. I don't know why that is so, but it's obviously the case.

 At least that's what my senses tell me. And if it's not easy, simple, and foolproof, along with
safe then it's not going anywhere at all.

 The entire Ripple Project needs to solve these critical issues first, other wise...
...their beating on whats termed a 'dead horse'.



Best Regards to Ripple,



Caveat emptor - let the buyer beware!
PirateButtercup (OP)
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December 30, 2013, 08:48:19 PM
 #145

Inside your wallet...on the left is a button that says 'convert'.

After you click on 'Convert', choose the quantity and currency you want to end up with (ie. .10 USD)
The web client will show you what currencies you have available and how much it will cost in order to get what you want.

It can't get much simpler.....

In fact, I've NEVER seen such a simpler way!!!

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mehransaam
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January 10, 2014, 03:22:10 AM
 #146

I had 40K ripple. I tried to move it to my WeExchange account. It "got lost", and was never seen again, despite transaction confirmations and info.

Generally you cannot send Ripples to gateways because gateways do not want to act like Ripple wallets, you need to send USD or Bitcoin equivalent from your Ripple account.  If you contact WeExchange with date and transaction info they should be able to send your Ripples right back. But for them to do this, you first need to open in your Ripple account a Trust line with them (ask them for their Ripple Trustline address or something named like that). The trust line must be equal to or more than 40K ripples so your Ripple account can accept funds from them. 
OnkelPaul
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January 10, 2014, 10:05:00 AM
 #147

No, for XRP you don't need a trust line - they are the built-in currency, and you can send and receive them within Ripple to any account.
It's strange that weexchange didn't just send the XRP back when they got them - this would be appropriate behavior for a gateway when you send them something they cannot handle.

Onkel Paul

Sukrim
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January 10, 2014, 10:52:48 AM
 #148

Weexchange still holds ~0.25 BTC from me hostage that they received in April or May last year. They seem to generally blame anyone else but themselves for not being able to operate a rippled in a stable way (and are reluctant to use other, public servers). I consider them as vastly incompetent at best, scammers at worst.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
funchiestz
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January 17, 2015, 05:59:41 AM
 #149

Which exchanges trade in XRP?

Our Bitcoin exchange in Indonesia also just open for XRP/BTC with 0% trading fee. Please give it a try

www.Bitcoin.co.id
BTCwriter
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January 17, 2015, 06:45:07 AM
 #150

Ripple is 100% premined, it's a simple answer.
mihtju
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January 17, 2015, 04:21:06 PM
 #151

How can I create RIPPLE ( XRP ) account and which exchanger do you suggest with highest volume?

funchiestz
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January 17, 2015, 04:33:44 PM
 #152

How can I create RIPPLE ( XRP ) account and which exchanger do you suggest with highest volume?

You may check it in coimarketcap.com >> http://coinmarketcap.com/currencies/ripple/#markets

We are from Bitcoin.co.id havent listed yet there because we just launch it today
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January 17, 2015, 05:27:06 PM
 #153

So what do you think, is XRP good as a long term investment in 2015?

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