Below are a list of exchanges that you can utilize for yourself to buy & sell.
Recommended, is to OPEN an account with Coinbase first and then OPEN and LINK your account in Pro.Coinbase to REDUCE FEES for buying and selling.
UPDATE! – Due to the SEC case with Ripple, most all the exchanges for buying and selling XRP are halting trading. This means trading is being halted at the moment. XRP is not removed…. just being halted.
The only Exchange where XRP has been acquired since the SEC case news became available to the public is from the Simpleswap and Uphold Exchanges.
1. Pro.Coinbase
Update on Coinbase Pro – Coinbase is migrating the Coinbase Pro platform to just Coinbase moving forward. If you have funds on Coinbase Pro simply transfer funds and the migration will move all your assets to the coinbase.com platform. There is now an advanced setting inside of Coinbase.com which replaces the pro Coinbase version for advanced traders.
2. Coinbase
3. Kraken
Kraken also offers staking on specific tokens. Below is a description of staking for cryptos.
4. Gate.io
NO U.S. CUSTOMERS ALLOWED
5. Simple Swap
Simple Swap is a Central Hub that will find the best rate of exchange for you from multiple exchanges online that you can choose from. The process is simple, just tell them what address you want them to send your crypto to when requesting the swap.
WATCH the video on how it works below.
Instructions VIDEO
6. SwapZone.io
WATCH the video on how it works below.
Wallets
Below are wallets that you can download & utilize for storing your Cryptos offline and off an exchange
1. Exodus Wallet
Exodus Wallet is a place to store your cryptos offline in cold storage. If you want to know more about Exodus Wallet CLICK on the image to go to their website and read more. This wallet behaves real similar in fashion to the Atomic Wallet.
2. Atomic Wallet
Atomic Wallet is a place to store your cryptos offline in cold storage. If you want to know more about Atomic Wallet go to my Beginners fast track course and watch the video on Atomic Wallet.
3. THETA Walllet
Theta Wallet is a wallet specifically for THETA and TFUEL tokens. DO NOT send any other token to this wallet as it will be lost on the ETH blockchain and you will have to recoup it which will cause a lot of problems for you.
TIPS:
1. For private wallets such as Atomic Wallet and Exodus – Anytime you SWAP tokens or move tokens from one exchange to another you will want to make sure you have some ETH in that wallet to cover transaction FEES.
If you don’t do this, you won’t be able to make the swap or withdraw to another wallet or exchange of choice such as Coinbase.pro to liquidate back into US dollars or your currency of choice.
2. When converting from a token to a stable coin – First, you might be wondering why would you want to do this? If exchanges go down such as Coinbase or another where you want to liquidate into a fiat currency such as US dollars, you want to protect your profits from price volatility while your waiting for the exchange to come back. Another wards, you do NOT necessarily need an exchange to convert to a stable currency. This is where you can sit in profits and wait for exchanges to come back up.
(Example) Lets say you had 2 ETH and were in a profit of a 2,000.00 and you were getting ready to sell but your ETH was in a private wallet such as Atomic Wallet or Exodus. You want to move it to Coinbase.pro and sell back into US dollars but WAIT…. Coinbase is down now what do I do?
No problem, just swap your ETH for USDC or USDT… now you are 1 for 1 with the US dollar that is in a stable coin, sitting in your private wallet and you don’t have to worry about losing money say if ETH goes down in price.
3. If you do SWAP a token for a stable coin – understand that you will be paying triple the FEE that you normally would because, your first getting charged a FEE to SWAP say ETH to USDC or USDT like in the example above. Then, you will be charged again a FEE to SWAP from USDC or USDT back to ETH and again to move the ETH off the wallet to an exchange so you can sell back into US dollars.
So think of it as an extra FEE to keep your profits safe from price volatility during a time when you might not be able to access an exchange to sell back to US dollars right away. This SUCKS in my opinion, but better than the alternative of having to stay in an asset that may drop like a rock on you while you have no way to sell out of it into a stable currency.
4. Each private wallet will have a different FEE rate – Each transaction will have a FEE rate attached depending on the private wallet, so for example Exodus is at around a 4.5 or 5% FEE which is kind of high. The reason for higher rates is usually because the transaction SPEEDS are faster. So the trade off is less waiting for block confirmations of the transaction versus paying lower fees and having to wait longer.
