How to sell XRP (XRP)

You can sell XRP on most major cryptocurrency exchanges that support XRP trading. Popular options include Bitget, where you can exchange XRP for fiat currencies like USD or EUR, or swap it for other cryptocurrencies such as Bitcoin or USDT. Always check the current list of supported trading pairs and make sure your chosen exchange complies with regulations in your country.

When selling XRP, you may encounter two main types of fees: trading fees and transaction (or withdrawal) fees. Trading fees are charged by the exchange for executing your sell order and typically range from 0.1% to 0.3% of the total trade amount, though fees may be lower on platforms like Bitget with VIP programs or staking benefits. Additionally, if you withdraw your funds from the exchange, a small XRP network transaction fee will apply. It's a good idea to review the fee schedule on your chosen exchange before selling to understand the total costs involved.

A Destination Tag is a unique numeric code required when transferring XRP to exchanges or wallets that use a single XRP address for multiple users. To include the Destination Tag, simply enter the provided tag in the designated field during your withdrawal or deposit process on the exchange. This ensures your XRP is credited to the correct account. Sending XRP without the correct Destination Tag may result in delays or loss of funds, so always double-check the tag before confirming your transaction.

People sell XRP for various reasons, including:

1. Profit-taking: When the price of XRP rises significantly, investors may sell the asset to realize their profits.

2. Diversification: Some investors may sell XRP to diversify their portfolios and invest in other assets.

3. Financial needs: People may sell XRP to cover expenses or meet other financial obligations.

4. Risk aversion: Some investors may be concerned about the volatility of XRP and sell to reduce their exposure to risk.

5. Market sentiment: Negative news or events related to XRP can lead to a price decline, prompting investors to sell.

It's important to note that buying or selling XRP can be risky, as prices can fluctuate significantly. Investors should carefully assess their financial goals and risk tolerance before making any decisions.

Bitget P2P currently charges zero fees. All merchants can post ads without any fees to help lower costs. If Bitget P2P introduces transaction fees for makers on completed orders in the future, an official announcement will be made.

*Please note that some payment method service providers may charge extra transaction fees.

If you're selling, never release the assets before confirming that you've received funds from the buyer. Please note that certain payment methods that buyers use are not instant and may face chargeback risks.