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Ripple Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in Ripple
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/Ripple/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate a XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
Exchanges
The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC.
Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR.
You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to Ripple [link] [comments]

XRP Subreddit Rules, Helpful Links & Answers to Common Questions - READ BEFORE POSTING

You must read our rules before participating in XRP
Helpful links and answers to common questions will be updated frequently so check back often
 
 
Ripple Subreddit Rules
https://www.reddit.com/XRP/wiki/rules
 
Helpful Links
Ripple Insights - Top 9 Frequently Asked Questions About Ripple and XRP (Jan 18, 2018)
Ripple’s Ultimate Strategy; why XRP will increase in value
Removing inefficiency of international payments with XRP
Reasons to expect XRP to be the most popular bridge asset
"XRP is competitive now in the USD/MXN corridor"
Ripple's Decentralization Strategy Update
XRP Market Performance
List of Ripple Partnerships and RippleNet Implementations
 
People to Follow
Ripple on Twitter
Brad Garlinghouse, Chief Executive Officer at Ripple
Yoshitaka Kitao, executive chairman, CEO and president of SBI Holdings, Inc.
David Schwartz, Chief Cryptographer at Ripple | aka u/sjoelkatz
Stefan Thomas, Former CTO at Ripple, Co-creator of Interledger. Founder at Coil
Patrick Griffin, Senior Vice President of Business Development at Ripple
Miguel Vias, Head of XRP Markets at Ripple
Warren Paul Anderson, Product Manager, xRapid/XRP at Ripple
 
Hodor's XRP Blog
TplusZero - research & analysis on #XRP
 
Most Discussed Topics and Answers
● The Case Against BankCoin - Banks need an independent digital asset to enable truly efficient settlement
● Ripple Technology → Fast Payments → XRP → Fast Settlement
● Solving the chicken and egg problem - FI's bridging payments with XRP & companies saving money by holding XRP
● Banks hold XRP under a contractual agreement | Build liquidity to bridge payments to raise the demand for XRP
● How the global adoption of xRapid (XRP liquidity tool) would affect the value of XRP
● Besides instant cross-border payment settlement, XRP can capture other use cases, value that doesn't yet exist
● XRP Ledger has numerous technological advantages over blockchain systems that use proof of work
● Ripple is committed to making the XRP Ledger as decentralized as they possibly can
● Quantum-resistant signature schemes - Adding a new scheme is easy and fast
 
XRP Wallets
You need 20 XRP to activate an XRP wallet. Fees can be changed by the validators through the voting process.
The reserve requirement protects the XRP Ledger from spam or malicious usage.
 
When you are sending XRP to an exchange, destination tag is very important.
Destination tag is not needed when you transfer XRP to your own wallet address.
 
● XUMM by XRPL Labs | Developers
XUMM is a free app (iOS and Android) that makes sending, receiving and interacting with the XRP ledger easy & secure.
 
● Ledger Nano S | Tutorial | FAQ | Buy Online | Ripple Recovery Tool
Cryptocurrency Hardware Wallet
When you get your Ledger wallet, you must reset it and get a new set of 24 words seed before using it.
 
● The World Exchange | How to Create a Cold Wallet for Ripple
A free user-friendly and purely client-side wallet
 
● GateHub | Support | Network Statistics
GateHub XRP Web Wallet
 
Tools
Check XRP wallet balance - Bithomp | Graph | Transactions
Print raw information about an account, a transaction or a ledger - RPC Tool
 
Exchanges
The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC.
Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR.
You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
 
USD - US Dollar
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub |
Exrates | Exmo | Mr. Exchange | Bitsane | Sistemkoin | BitBay | Quoine
 
EUR - Euro
Kraken | Bitstamp | Gatehub | CEX.IO | LiteBit.eu | Anycoin Direct
The Rock Trading | Bitsane | BitBay | BitFlip | Bitlish | Quoine
 
KRW - South Korean Won
Bithumb | Upbit | Coinone | Korbit | GOPAX | Coinrail
 
JPY - Japanese Yen
Kraken | Bitbank | Quoine | Mr. Exchange
 
CNY - Chinese Yuan
RippleFox | Ripple China | Fatbtc
 
TRY - Turkish Lira
Vebitcoin | BTCTurk | Koineks | Sistemkoin | Ovis
 
INR - Indian Rupee
Zebpay | Koinex | Unocoin | Bitbns | BuyBitcoin | BuyUcoin
 
AUD - Australian Dollar
BTC Markets
 
THB - Thai Baht
BX Thailand
 
MXN - Mexican Peso
Bitso
 
IDR - Indonesian Rupiah
Indodax | Quoine
 
RUB - Russian Ruble
Exmo | BitFlip
 
ZAR - South African Rend
Altcoin Trader
 
CAD - Canadian Dollar
Kraken
 
UAH - Ukrainian Hryvnia
Kuna | BTC Trade UA | BitFlip
 
GBP - British Pound
Cryptomate
 
BRL - Brazilian Real
Braziliex
 
SGD - Singapore Dollar
Quoine
 
AED - United Arab Emirates Dirham
BitOasis
 
PHP - Philippine peso
CX | Exchange
 
USDT - Tether
Poloniex | Bittrex | Huobi | OKEx | CoinBene | Upbit | HitBTC |
ZB.com | Gate.io | Sistemkoin
 
ETH - Ethereum
Binance | Bittrex | Gatehub | OKEx | OTCBTC | Upbit | HitBTC |
Bitsane | Mr. Exchange | CoinFalcon
 
LTC - Litecoin
Bitsane | Mr. Exchange
 
BTC - Bitcoin
Kraken | Bitstamp | Bitfinex | CEX.IO | Gatehub | Binance | Poloniex | Bittrex |
HitBTC | OKEx | Upbit | Huobi | BTCTurk | BTC Markets | CoinEgg | Exmo |
ZB.com | OTCBTC | Coinrail | Bits Blockchain | Triple Dice Exchange | Indodax |
Exrates | Qryptos | Gate.io | Bitsane | Bitso | Ovis | BCEX | BitBay |
Mr. Exchange | Orionx | CoinFalcon | Abucoins | BitFlip | LakeBTC | Coinbe
submitted by nvok to XRP [link] [comments]

Fees for thought (x-post from /r/Neotrader)

Hi guys,
Long time lurker and just wanted to bring more awareness to the impact that fees have on the purchase price and potential gains/losses. This is particularly relevant to us Aussies with the impact of foreign exchange, may apply to other non-US countries as well. I’ll go through a comparison to illustrate some of the impacts (YMMV). Data from currency, exchanges and price obtained roughly at the same time.  
  A comparison between three scenarios is as follows:   1. Directly purchasing NEO on Coinspot 2. Purchase Bitcoins with $1,000 AUD on Coinspot, transfer to Binance, purchase NEO on Binance. 3. Purchase Bitcoins with $750 USD on Bittrex, transfer to Binance, purchase on Binance.  
Scenario 1: Using Coinspot - Start with $1,000 AUD   - NEO price in AUD (Coinspot): $62 - Formula of 3% purchasing fee: [ ( $1,000 / $62 ) – ( $1,000 / $62 x 1.03) ] x $62 = $29.13 - Actual NEO price in AUD: $63.86 - Approx NEO units: $1,000 / $63.86 = 15.659255 - NEO withdrawal fee: 0.10 - Net cost AUD: $35.52   Scenario 2: Purchase Bitcoins with $1,000 AUD, transfer to Binance, purchase NEO on Binance.   - Bitcoin price in AUD (Coinspot): $5,957 - Formula of 2% purchasing fee: [ ( $1,000 / $5,957) – ( $1,000 / $5,957 x 1.02) ] x $5,957 = $19.61 - Actual price purchased: $6,076 - Approx BTC units: $1,000 / $6,076 = 0.16457817 - BTC withdrawal fee (Coinspot): 0.0005 - Remaining BTC units: 0.16407817 - NEO price in BTC (Binance): 0.010382 - Transaction fee: Nil at the moment - Approx NEO units: 15.804100 - Actual NEO price in AUD: $63.27 - NEO withdrawal fee: Nil at the moment - Net cost AUD: $22.65   Scenario 3: Purchase Bitcoins with $750 USD ($1,000 AUD) on Bittrex, purchase NEO on Binance.   - AUD / USD Exchange rate (AusPost): 0.75 - Bitcoin price in USD: $4,378 - Purchasing fee (not confirmed): 0.25% or $2.50 - Approx BTC units: 0.17074006 - BTC Bittrex withdrawal fee (Reddit): 0.001 - Remaining BTC units: 0.16974006 - NEO price in BTC (Binance): 0.010382 - Transaction fee: Nil at the moment - Approx NEO units: 16.349457 - Actual NEO price in AUD: $61.16 - NEO withdrawal fee: Nil at the moment - Net cost AUD: $14.59   Summary points:   - Comparing scenario 1 and 3 - if you were in scenario 1 and wanted to purchase the equivalent amount of units in scenario 3, you would need the price to rise from $63.86 to $66.67 (about 4.4%).   - You can also purchase NEO on Bittrex which may be cheaper than Binance depending on the buy/sell spread, withdrawal and transaction costs and then you may transfer it to a wallet.   - Why Binance? At the time of this post, there are no transaction/withdrawal costs and holding NEO on the exchange also generates GAS as well as having a BTC / GAS market.   - Scenario 1: There are some implicit costs not mentioned – Forex rate (0.73 vs 0.75, about 2%), purchase price (buy/sell spread $5,957 vs $5,837 about 2%), opportunity cost of comparing against scenario 3 (4.4%).   - Scenario 2: Basically less costs than option 1 but skips obtaining USD.   - Scenario 3: This has preliminary steps to obtain a USD bank account in your location and FOREX costs which may increase the net fee.   - This is not a recommendation of which exchanges to use, but an exercise to show the differences of the effects of fees/costs and to manage your costs if trading which can accumulate quite rapidly.  
Feel free to comment if you have any questions or comments. If this has helped you out by giving you ideas about different ways of purchasing NEO or saved you money, please consider tipping GAS: AWQsn9Jn67b2pcBPpqogMniy6cUHvgZHtr
submitted by Gnoshi1 to NEO [link] [comments]

Fees for thought

Hi guys,
Long time lurker and just wanted to bring more awareness to the impact that fees have on the purchase price and potential gains/losses. This is particularly relevant to us Aussies with the impact of foreign exchange, may apply to other non-US countries as well. I’ll go through a comparison to illustrate some of the impacts (YMMV). Data from currency, exchanges and price obtained roughly at the same time.   Do you guys think it would be worthwhile x-posting this to /neo?
  A comparison between three scenarios is as follows:   1. Directly purchasing NEO on Coinspot 2. Purchase Bitcoins with $1,000 AUD on Coinspot, transfer to Binance, purchase NEO on Binance. 3. Purchase Bitcoins with $750 USD on Bittrex, transfer to Binance, purchase on Binance.  
Scenario 1: Using Coinspot - Start with $1,000 AUD   - NEO price in AUD (Coinspot): $62 - Formula of 3% purchasing fee: [ ( $1,000 / $62 ) – ( $1,000 / $62 x 1.03) ] x $62 = $29.13 - Actual NEO price in AUD: $63.86 - Approx NEO units: $1,000 / $63.86 = 15.659255 - NEO withdrawal fee: 0.10 - Net cost AUD: $35.52   Scenario 2: Purchase Bitcoins with $1,000 AUD, transfer to Binance, purchase NEO on Binance.   - Bitcoin price in AUD (Coinspot): $5,957 - Formula of 2% purchasing fee: [ ( $1,000 / $5,957) – ( $1,000 / $5,957 x 1.02) ] x $5,957 = $19.61 - Actual price purchased: $6,076 - Approx BTC units: $1,000 / $6,076 = 0.16457817 - BTC withdrawal fee (Coinspot): 0.0005 - Remaining BTC units: 0.16407817 - NEO price in BTC (Binance): 0.010382 - Transaction fee: Nil at the moment - Approx NEO units: 15.804100 - Actual NEO price in AUD: $63.27 - NEO withdrawal fee: Nil at the moment - Net cost AUD: $22.65   Scenario 3: Purchase Bitcoins with $750 USD ($1,000 AUD) on Bittrex, purchase NEO on Binance.   - AUD / USD Exchange rate (AusPost): 0.75 - Bitcoin price in USD: $4,378 - Purchasing fee (not confirmed): 0.25% or $2.50 - Approx BTC units: 0.17074006 - BTC Bittrex withdrawal fee (Reddit): 0.001 - Remaining BTC units: 0.16974006 - NEO price in BTC (Binance): 0.010382 - Transaction fee: Nil at the moment - Approx NEO units: 16.349457 - Actual NEO price in AUD: $61.16 - NEO withdrawal fee: Nil at the moment - Net cost AUD: $14.59   Summary points:   - Comparing scenario 1 and 3 - if you were in scenario 1 and wanted to purchase the equivalent amount of units in scenario 3, you would need the price to rise from $63.86 to $66.67 (about 4.4%).   - You can also purchase NEO on Bittrex which may be cheaper than Binance depending on the buy/sell spread, withdrawal and transaction costs and then you may transfer it to a wallet.   - Why Binance? At the time of this post, there are no transaction/withdrawal costs and holding NEO on the exchange also generates GAS as well as having a BTC / GAS market.   - Scenario 1: There are some implicit costs not mentioned – Forex rate (0.73 vs 0.75, about 2%), purchase price (buy/sell spread $5,957 vs $5,837 about 2%), opportunity cost of comparing against scenario 3 (4.4%).   - Scenario 2: Basically less costs than option 1 but skips obtaining USD.   - Scenario 3: This has preliminary steps to obtain a USD bank account in your location and FOREX costs which may increase the net fee.   - This is not a recommendation of which exchanges to use, but an exercise to show the differences of the effects of fees/costs and to manage your costs if trading which can accumulate quite rapidly.  
Feel free to comment if you have any questions or comments. If this has helped you out by giving you ideas about different ways of purchasing NEO or saved you money, please consider tipping GAS: AWQsn9Jn67b2pcBPpqogMniy6cUHvgZHtr
submitted by Gnoshi1 to Neotrader [link] [comments]

BITCOIN $380K END GAME!! BINANCE LIBRA FORK? - Programmer Explains Bitcoin EXTREME Resistance! Manipulation of Bakkt? Tether FUD Serious!? Binance US Bans NY! Today's Crypto News (April 24): Bitcoin Price Analysis, Coinbase, Weiss Ratings, TD Ameritrade BINANCE EXCHANGE TUTORIAL REVIEW - HOW TO USE AND BUY/SELL COINS You are being LIED TO about BITCOIN 🚨DON'T BE FOOLED ... How to Buy on Binance with USD  *FAST & EASY* UPDATED 2019 GUIDE!!! Alternative Exchanges to Binance & Bittrex?!?! Blockport vs. Capdax Use a Debit Card on Binance US to Buy Bitcoin! - YouTube

Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume USD [US Dollar] BNB [Binance Coin] 0.01 US Dollar = 0.000365 Binance Coin: 0.1 US Dollar = 0.003654 Binance Coin: 1 US Dollar = 0.036543 Binance Coin: 2 US Dollar = 0.073086 Binance Coin: 3 US Dollar = 0.109629 Binance Coin: 5 US Dollar = 0.182714 Binance Coin: 10 US Dollar = 0.365428 Binance Coin: 20 US Dollar = 0.730857 Binance Coin: 50 US ... Examine the current Bitcoin US Dollar Bitfinex rate and access to our BTC USD converter, charts, historical data, news, and more. Binance Coin/Bitcoin Ratio: 1 BTC = 540.05 BNB Popular coins right now on CoinGecko. eToro Sponsored. Stellar 4.4%. Civic 58.5%. ShareToken 12.0%. cVault.finance 7.1%. Ocean Protocol 8.2%. xDAI Stake 16.0%. COTI 15.0%. Spot. Perpetuals. Futures. Affiliate disclosures Support CoinGecko. Links on this page may contain affiliate links. CoinGecko may be compensated when you sign up and trade on ... Bitcoin to United States dollar (BTC to USD) Quickly and easily calculate foreign exchange rates with this free currency converter. From (Please choose) To (Please choose) Rate Date Current Date ... BNB to USD (Binance Coin to US Dollar) history chart with exchange rates for today: 09/15/2020. BNB vs USD (Binance Coin to US Dollar) exchange rate history chart. You can choose the period from 7 days up to 1 year. We use accurate data from authoritative 3rd party services Binance trade volume and market listings

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BITCOIN $380K END GAME!! BINANCE LIBRA FORK? - Programmer Explains

This video shows you how to buy/sell coins and use https://www.binance.com It's very easy. Just remember to load some Bitcoin or coins before you start trying to buy things on there because that's ... I walk you through how to buy on Binance with USD, with crypto in your account in less than 30 minutes. I show you how to deposit USD (or EUR) in your Binanc... #Bitcoin erases five days of gains in about an hour! Massive resistance still looms ahead, Lightning Network vs $BCH, negative interest rates, Tether co-foun... Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videos Protect your crypto with a Ledger - the world’s best hardware wallet: h... Robert Kiyosaki interview: Blockchain technology, AI, Crypto, Bitcoin BTC Halving 2020 Robert Kiyosaki 58,261 watching Live now BITCOIN VS WORLD DICTATORSHIP + Cypherium Review (Stack vs Register ... !!👨‍💻 SET UP A BINANCE US ACCOUNT 👩‍💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... Binance is purely an exchange, whose distinctive features include a basic & advanced user interface for both beginner & more experienced traders to use. One thing that sets them apart from most of ... Bitcoin’s Value is on “Its Own Journey” to $10,000 in 2019, Then on to $1 Million USD Exchange Rate Litecoin is Gearing Up for a 500% Price Increase? Binance’s Report on LTC Halving Sheds ...

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