Have you ever wondered how to properly sell your Ripple coins? There are several users that would like to move their Ripple to PayPal, and it may be somehow difficult. The best way to do so is by using cryptocurrency exchanges and moving the funds to PayPal later on. Despite that, there are some options that would reduce the steps you have to take to move Ripple to PayPal.
Cryptocurrency exchanges that support Ripple would help you sell your funds. Nonetheless, not all of them can be linked to your bank account. This is why it is important for you to know which of the exchanges can be linked to your bank. After all, you will have the possibility to send the funds to PayPal.
What Is Ripple, and What Is PayPal?
As you may know, Ripple is one of the largest companies in the crypto space. It has been offering solutions to financial firms all over the world, and it has promoted the XRP cryptocurrency.
With the solutions provided by Ripple, it is possible for organizations and clients to reduce cross border payment costs. In this guide, you will see how to connect Ripple to PayPal.
Meanwhile, PayPal is one of the most popular financial firms in the world. It provides services for merchants and individuals in a wide range of countries. At the moment, this is one of the most used platforms to transfer money in just a few seconds.
Ripple to PayPal via Coinbase
This is perhaps the best way of moving Ripple to PayPal. Coinbase is one of the oldest and most popular crypto exchanges in the world. This platform is very useful for traders who want to handle their virtual currencies. One of the coins that it supports is XRP.
If you were previously using this platform to hold and buy Ripple, then things would be easier. Coinbase offers the possibility to link your PayPal account to your Coinbase account. If you hold USD, EUR or GBP, you will then be able to easily send them to your PayPal account.
At the moment, Coinbase offers users the possibility to sell Ripple for USD, EUR, or BTC. If you want to hold GBP, you will have to sell your Ripple for BTC and then transform them to GBP. This will you move your Ripple to PayPal.
If you are using another crypto exchange, you can easily send the funds to Coinbase. Your XRP will be later sold for fiat currencies that can be sent to PayPal or to your bank account. This solution is also good if you hold your Ripple in a hardware wallet, such as Ledger.
The Binance exchange is different from Coinbase because PayPal is not yet supported as a withdrawal method. However, you can easily handle your funds through this platform. You can sell your XRP here and send BTC or other digital currency directly to Coinbase.
After it, you will be able to extract your funds to PayPal or to your bank account. This exchange has large liquidity for a wide range of coins and trading pairs. This is very important for many traders who are searching for different ways to expand their portfolios.
There are other exchanges that will work in different ways and may allow you to withdraw funds to your bank. This would be great to upload funds from Ripple to PayPal. In just a few steps, you will get your money in PayPal.
Once you have funds in PayPal, you will be able to send them, store them, or use them to pay for goods and services. Considering PayPal is a worldwide service, you will certainly have the opportunity to use it.
In addition to it, there are other platforms that would easily help you to sell your Ripple. The most important thing you need to take into consideration is that you have to connect your bank account to PayPal. After all, if you are able to move the funds to your bank, you will easily get access to PayPal.
Moving Ripple to PayPal is not a difficult thing to do if you have been in the crypto market for several years. Nevertheless, it can be somehow tricky if you are a newcomer. Coinbase is the best platform to connect to your PayPal account. Binance and other exchanges would also make it easy to sell your Ripple.