It seems there is still a fair bit of confusion when it comes to convert XRP to a different asset. In most people’s opinion, you can only convert XRP to Bitcoin. Most cryptocurrency exchanges offer these trading pairs without any issues. However, converting XRP to fiat currency is slightly more difficult, even though there are quite a few options to do so.
XRP To Fiat Is Certainly possible
When it comes to converting your XRP holdings to EUR, USD, or other national currencies, options are seemingly limited. Very few people are aware of how the Bitstamp exchange provides an XRP/USD gateway for quite some time now. While this may not be the most liquid market, it is certainly an option worth checking out.The company also provides an XRP/EUR gateway for those who live in Europe.
Other exchanges around the world provide a similar feature. Coinspot, the Australian cryptocurrency exchange, lets users buy and sell XRP with Australian Dollar. This is another fiat currency gateway a lot of people tend to overlook. This is mostly due to there being zero interest in XRP until recently. Now that the XRP price is going up – and no longer seems to be affected by whatever Bitcoin is doing – people suddenly remember XRP is still around. Once again, this is a small exchange with low liquidity.
Perhaps the best platform to exchange XRP to a fiat currency is by going through the Gatehub portal. This is the official trading platform for XRP, and it provides a better chance at finding someone willing to offer or take fiat currencies in exchange for XRP holdings. In fact, this platform provides a lot of other XRP trading markets as well, including ETH, REP, ETC, XAU, CNY, JPY, and others. It is quite a powerful trading platform, to say the least.
All of this goes to show it is possible to buy and sell XRP with fiat currencies without friction. Just because mainstream exchanges have not implemented such a gateway – for whichever reason – does not mean it is impossible to do so. XRP Is quickly becoming a valuable asset for cryptocurrency enthusiasts, and its value continues to climb steadily.
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.