If you want to withdraw the Ripple cryptocurrency to Bitcoin (BTC) to get a more functional financial instrument, you should know about the main features of such operations. And the first thing to focus on is currency conversion methods. There are several of them, but each has its own nuances. These points must be compared to each other in order to make the only correct decision.
Best way to convert Ripple to Bitcoin (BTC)
Many users may find it more convenient to withdraw cryptocurrency directly through an exchange. But there are a number of nuances here:
- crypto exchanges mainly work with counterparties, due to which they set inflated commissions;
- the conversion rate may be unprofitable. Everything depends on the platform through which the withdrawal is planned;
- in order to make an operation, you will need to pre-verify on the crypto exchange, which is additional time and worries;
- BitCoin cryptocurrency (BTC) wallet can be credited within 3 days. This condition will not suit those who want to convert currency urgently.
As you can see, working with a cryptocurrency exchange in terms of digital currency conversion is not always convenient and profitable. Therefore, this method is rarely used in practice.
There is another option – p2p exchange. But he is also not considered the best, because there are nuances here:
- private individuals set high commissions;
- Bitcoin (BTC) reserves are often quite modest;
- there is a possibility of currency conversion at an unfavorable rate for you.
The third option is considered the best. It is about electronic exchangers. In this case, the only risk is to encounter fraudsters. But it turns off very easily. You only need to search for a service provider not by yourself through a search engine, but on the specialized crypto exchanger services. All services presented here have proven their honesty and transparency of work, have hundreds of positive reviews.
As for the advantages of working with exchangers, they are as follows:
- a large number of offers;
- actual conversion rates;
- objective commissions;
- large currency reserves;
- quick operations;
- exchange rate fixation.
In addition to everything, exchangers allow customers to exchange both a small amount of Ripple and make quite large deals. These services practice a client-oriented approach, so they try to make the service as high-quality as possible.
Now that it is clear how to convert Ripple for Bitcoin, it remains to understand the organizational aspects.
How to make a deal
First, you need to choose an offer with the best conditions to exchange Ripple (XRP) to Bitcoin (BTC) on the page https://www.bestchange.com/ripple-to-bitcoin.html. Pay special attention to the conversion rate and the terms of its fixation, commission. Having decided on a decision, go to the site of the exchanger and fill out the app. Next, familiarize yourself with the exchange rules, confirm the app. In the near future, a manager will contact you and provide a wallet number to transfer Ripple cryptocurrency. Pay the application according to the details, wait for the receipt of the equivalent in Bitcoin (BTC) to the wallet. The operation can be considered successfully performed.
Important nuances
It is important to understand that the success of currency exchange depends not only on the reliability of the exchanger, but also on compliance with the established rules by the client himself. Therefore, it is necessary to:
- enter up-to-date information in the application, check it for errors;
- transfer exactly the amount of Ripple that was indicated in the application;
- pay the application within the deadline set by the exchange service so that it is not canceled.
Remember – your transaction will definitely be successful if you follow the rules set by the exchanger. And read more info about Bitcoin here, https://www.bestchange.com/wiki/article-future-halving-bitcoin-btc.html. Therefore, in no case do not ignore the need to thoroughly familiarize yourself with the conditions of a specific site.
