Sell Ripple (XRP) to SATOS
Is the selling process still not entirely clear to you? No worries, we gladly elaborate on this. We find it important that you understand what you are doing, and that you become familiar with the process. Do you have any further questions? Then feel free to get in touch with our support team, either through live chat or over the phone.
Convert your XRP to Euro in 3 simple steps
Step 1: Place an order to sell Ripple
One advantage of selling and buying cryptocurrencies at SATOS is that you do not need an account to do so. Cryptocurrencies were initially envisioned as an independent form of money. This vision also informs our operations at SATOS, which is why we do not require you to create an account. The first step in the XRP selling process is to enter the amount of XRP you like to sell. You can also enter the amount in EUR you would like to receive. Have you entered the amount and do you agree with the proposed rate? Then click on ‘Place order.’
Step 2: Confirm your order
We now require some of your personal details to process the sales transaction. We need your email address so that we can send you the email containing the details of your order, as well as your bank account number and account holder name. This enables us to transfer your payment to you. Click on ‘Confirm order’ once you have entered these details to proceed to the final step.
Step 3: Send Ripple (XRP) to SATOS
The next step is to send your XRP to a SATOS wallet address. After filling in your details and clicking on send, you will be shown an address to which you must send us your XRP to. It is vital that you select an appropriate transaction fee. This ensures that we will receive your XRP before your order expires. Most XRP wallets automatically display a recommended and average transaction fee. Once you have uploaded your transaction to the network, you will need to wait for the confirmation of the blockchain. Wondering how long this takes? We will explain this process a bit further down the page. For now, let us go to the final step!
Step 4 – Verification and payment
Alas, even SATOS is obligated to follow up on verification procedures as after your transaction is confirmed on the blockchain, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which we will process your order as soon as possible.
Up-to-date with our verifications? Then we will do our best to pay your order out as fast as we can!
How long does it take before I receive euro on my bank account?
You have decided to sell your XRP, and now you would like to know how long it takes before you can expect to receive your payment in EUR. The speed of this process depends on a couple of factors.
- SATOS processing time
- Processing time of the Ripple network
- Bank processing time
SATOS processing time
On average, SATOS processes transactions within 15 minutes. Keep in mind that if this is your first transaction on our platform, that you may need to complete a couple of one-time verification steps. Fortunately, this is a one-time process. You can exchange currency without delay afterwards. It's also good to know that the payment you will receive will, in principle, be fixed from the moment you complete the first step of the selling process.
Processing time of the Ripple network
The total duration of this process not only depends on SATOS and banks; the speed at which the Ripple network is operating also plays into the mix. If the system is currently facing a lot of traffic, it might take a bit longer before miners successfully add your transaction to the blockchain. This is partly dependent on the transaction fee you have selected. In principle, every block on the blockchain only contains a limited amount of space. When choosing blocks to fill, miners prioritise more profitable transactions. So, the higher the fee you pay, the better the chances of your transaction being mined into the next block.
Bank processing time
The final factor determining the delay before you receive your money is the processing time of banks. Unfortunately, banks are generally not as fast as the Ripple network. It might take them a while to complete the processing of your transaction. Besides, banks are often closed on the weekends. It's possible that you will have to wait until the next working day before your euros appear on your bank account. As a rule of thumb, you can expect bank payments to be processed on the same day as long as they have been initiated before 3 PM. Payments conducted after 3 PM will be processed the next working day.
How do I know when to sell Ripple?
The crypto market is extremely volatile. The XRP exchange rate forms no exception. It is not unusual for exchange rates to soar or crash over a single day. No one owns a crystal ball, which is why you always have to decide whether now is the right moment to sell or buy. Do you want to know more about XRP pricing and the dynamics behind it? Then feel free to have a look at our ripple price analysis. It contains information about the factors driving prices and other pricing dynamics.
Why do customers opt for SATOS?
- Speed: SATOS processes orders nearly instantaneously and seven days per week.
- Reliability: SATOS has been the Netherlands’ primary broker for selling and buying cryptocurrencies for more than five years now.
- Support: our support heroes stand ready to assist, every day from 10 AM to 9 PM, whether it is through the live chat, over the phone, or by email.
- Secure: SATOS does not manage the assets of its clients. Are you buying XRP through SATOS? Then you will always retain full control over it.
- Straightforward: SATOS allows convenient payment, through iDEAL, Bancontact and SEPA.
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Can I also buy Ripple at SATOS?
Certainly! We do not only offer selling services; you can also buy ripple from us. We find it important to provide our customers with a platform where they can exchange their cryptocurrencies to euros and vice versa. Our mission is to make cryptocurrencies as easily accessible as possible for everyone! Wondering what other cryptocurrency you can sell at SATOS? Take a look at these pages: