You can either sell the XRP directly for USD/ South African Rands using an exchange that accepts XRP deposits and USD/ Rands withdrawals, or what you can do is to trade your XRP for different cryptocurrency first, and then exchange that for US. The latter option offers you more exchanges to choose from, but it also involves some steps.
The following exchanges allow depositing XRP and withdraw USD/Rands.
• African Coin Exchange - https://www.afce.io/
• Bitfinex
• Bitstamp
• Exmo
• Gatehub
• Bitsane
• Kraken
Steps Required:
To sell XRP on any of the above exchanges, one must follow a few general steps:
- Sign up to create an account, and confirm through mail.
- Verify the account.
- Deposit XRP into the wallet.
- Sell the XRP and buy USD/ Rands.
- Withdraw the money in USD/ Rands.
Verification processes
The exchanges mentioned in the above list require verification for users to withdraw USD/ Rands. The particular requirements are:
African Coin Exchange: Here you can buy and sell Ripple with South African Rands directly. All you need to submit is profile information, phone, profile photo, ID (passport, national ID card or driver’s license) and proof of residence.
• Bitfinex: Fill and submit online form, phone number, email address, residential address, two forms of valid government issued identification with picture (passport, national ID card, driving license, residency card, employment permit card, etc.), a bank statement highlighting name as the account holder (your first deposit to Bitfinex must come from this account) and a proof of residence
• Bitstamp: name, address, ZIP code, date of birth, country, city, an ID document and a proof of residence (a bank account statement, a utility bill, a government-issued document such as tax statement, certificate of residency, etc.).
• Exmo: either a national passport, an international passport, or a personal ID-card (both sides); a proof of residence (bank statement, utility bill, tax documents, or proof of residence issued by local authority), a printed and signed user agreement, and a selfie with the user holding the ID with their EXMO account open in the background.
• Gatehub: phone, profile photo, profile information, ID (passport, national ID card or driver’s license) and proof of residence.
• Bitsane: ID (ID card or passport), proof of residence (bank statement, tax assessment or utility company bills), and possibly a photo of the user holding the ID in their hand.
• Kraken: name, date of birth, country, phone number, proof of residence (like a utility bill. No more than 3 months old), government issued ID and social security number (US only). Residents of Germany or Japan, or users who are funding using bank account, or using domestic USD funding, are also required to provide an ID confirmation photo.
Should I sell Ripple?
The thing with ultimately every single cryptocurrency is that it’s very hard to guess exactly how it will behave in the market that is fluctuate so much.
However, Ripple has already established as one of the most stable currencies. At the time of writing it comfortably sits in 3rd place in market capitalization, with only Bitcoin and Ethereum as rivals.
Additionally, Ripple’s blockchain is one of the most hi-tech there is. According to their records, it is already handling more than 1,500 transactions per second.
At last, Ripple’s large network of partnerships ultimately been added to XPR’s potential growth.
Moreover, in today’s manners, Ripple is one of the most advanced and secure investment opportunities available in the crypto market. Cointelegraph provides a very convenient details of the market designed to assist you in making important decisions while trading.
You can also visit https://diyblockchain.co/ for more insight about cryptocurrency exchange development or Blockchain development.