What are the key differences between Bitcoin and Ripple (XRP)?
A post by Lisa Cantin
1 XRP equals $6.07 XLM
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Platform | XRP | Stellar |
---|---|---|
YouHodler | 1 XRP | 6.07 XLM |
To buy XRP using Stellar, first, find a cryptocurrency exchange that supports the XRP/XLM trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XRP/XLM pair on the trading platform and place an order to exchange your Stellar for XRP. If the XRP/XLM pair is unavailable, you can first exchange Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for XRP. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell XRP for Stellar, first, find a cryptocurrency exchange that supports the XRP/XLM trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XRP into your exchange wallet. Locate the XRP/XLM pair on the trading platform and place a sell order to exchange your XRP for Stellar. If the XRP/XLM pair is unavailable, you can first sell XRP for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Lisa Cantin
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