Step-by-Step Guide to Withdraw Ripple (XRP) from Bitstamp
Before initiating a withdrawal, ensure your Bitstamp account is fully verified. Verified accounts can withdraw Ripple (XRP) or fiat currencies with a streamlined process. Follow these steps:
1. Log in to Your Bitstamp Account
- Visit Bitstamp’s login page and enter your credentials.
- Complete two-factor authentication (2FA) using an authenticator app.
2. Navigate to the Withdrawal Section
- From the dashboard, select Withdrawal > Cryptocurrency.
- Choose Ripple (XRP) from the list.
3. Enter Withdrawal Details
- Paste the Binance XRP deposit address (ensure accuracy—transactions are irreversible).
- Specify the amount and confirm the transaction.
- Note: XRP withdrawals are fee-free but require network confirmation.
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4. Verify Transaction Status
- Check withdrawal history under Account > Transactions.
- Allow 5–10 minutes for network processing.
Pro Tip: Always test a small amount first for address accuracy.
Step-by-Step Guide to Deposit Ripple (XRP) on Binance
1. Log in to Binance
- Access Binance via official website and complete 2FA.
2. Locate Your XRP Deposit Address
- Go to Wallet > Fiat and Spot.
- Search for XRP and click Deposit.
- Copy the unique XRP wallet address or scan the QR code.
3. Initiate Transfer from Bitstamp
- Return to Bitstamp and paste Binance’s XRP address.
- Confirm the withdrawal.
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4. Monitor Deposit Status
- Track progress under Transaction History.
- XRP deposits typically reflect within 5 minutes.
FAQs
Q1: How long does an XRP transfer take between exchanges?
A: Usually 2–5 minutes, depending on network congestion.
Q2: Are there fees for XRP withdrawals?
A: Bitstamp charges no fees, but Binance may apply minor network costs.
Q3: What if I send XRP to the wrong address?
A: Transactions are irreversible. Double-check addresses before submitting.
Q4: Can I withdraw fiat from Bitstamp to Binance?
A: No—only cryptocurrency transfers are supported between exchanges.
Key Takeaways
- Security First: Enable 2FA on both exchanges.
- Precision Matters: Verify wallet addresses meticulously.
- Speed: XRP’s low-latency network ensures quick transfers.
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