Topic: A basic guide to trade in the internal Ripple exchange (Read 7580 times)
Does Ripple Exchange accept eToken? o.o?
Solid Ripple intro video: http://vimeo.com/63784865
Useful intro for Bitcoin/alt users: https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners
Useful intro for Bitcoin/alt users: https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners
How to withdraw BTC from ripple account?
i don't understand why there's a barrier for beginners to using the full function. it's not user friendly for newbies
Agreed. I would have thought making it user-friendly would be in their top priorities, but i guess not....
...
It is not user-friendly, but creates artificial demand for XRP that the founders intend to monetize down the road.
It is not user-friendly, but creates artificial demand for XRP that the founders intend to monetize down the road.
Lol...
CAn someone please explain what is being a liquidity provider or how it really work?
Say I have USD at Bitstamp but I need to pay someone who only accepts USD from WeExchange. A liquidity provider is someone who will accept USD from Bitstamp in exchange for USD from WeExchange. Using that liquidity provider, I can make my payment. If you tell Ripple that you equally value USD/Bitstamp and USD/WeExchange, whenever you hold one of them and are below your limit on the other, you act as a liquidity provider automatically and may find your balance shifting between issuers from time to time.But how to tell ripple that? Because i want to transfer btc from weexchange to bitstamp
time to go back and take digital currency 101..
Is someone able to get the order books to update, auto or manually, without
logging out and logging in again?
logging out and logging in again?
Not working yet, you need to log out to update the order books.
It's up and running, full auto. Yay...
CAn someone please explain what is being a liquidity provider or how it really work?
Say I have USD at Bitstamp but I need to pay someone who only accepts USD from WeExchange. A liquidity provider is someone who will accept USD from Bitstamp in exchange for USD from WeExchange. Using that liquidity provider, I can make my payment. If you tell Ripple that you equally value USD/Bitstamp and USD/WeExchange, whenever you hold one of them and are below your limit on the other, you act as a liquidity provider automatically and may find your balance shifting between issuers from time to time. 
Is someone able to get the order books to update, auto or manually, without
logging out and logging in again?
logging out and logging in again?
Not working yet, you need to log out to update the order books.
Is someone able to get the order books to update, auto or manually, without
logging out and logging in again?
I enabled all java plugins in Firefox, then tried Chrome, but no way...
(missing *auto* update is an open issue in the git bugs forum)
logging out and logging in again?
I enabled all java plugins in Firefox, then tried Chrome, but no way...
(missing *auto* update is an open issue in the git bugs forum)
i don't understand why there's a barrier for beginners to using the full function. it's not user friendly for newbies
It is not user-friendly, but creates artificial demand for XRP that the founders intend to monetize down the road.
i don't understand why there's a barrier for beginners to using the full function. it's not user friendly for newbies
I have some more questions too, regarding trading:
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
You can move money into Ripple through gateways. Probably your best bet right now is to open an account at Bitstamp.net. You can deposit bitcoin to the account with the "Bitcoin" deposit method (which will give you a Bitcoin address to send to), then withdraw it as Bitstamp BTC IOU's in Ripple with the "Ripple" withdraw method. It was a little buggy the last time I tried it (it didn't recognize my Ripple address at first) but when it worked it was quick and easy.
Your first trade has to be XRP for BTC since you probably don't have any BTC in your ripple account. For example right now you could enter on the Buy BTC tab:
Amount to Buy: 0.05 BTC
Price of each: 50,479.95 XRP
[Order value: 2523.99]
That order should fill right away and then you will see 0.05 BTC in your Ripple account. Your XRP balance will then be 2523.99 lower as well. Now you have a tiny bit of BTC to trade. Like you I don't know how to fund with BTC directly other than getting someone to send you BTC. The idea eventually is you use a gateway you trust to fund BTC directly. Looks like two are up: https://ripple.com/wiki/Gateway_List
After the trade you will automatically trust the exchange for the amount of the trade. For example I now trust Bitstamp.net (rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B) for 0.05 BTC.
The transaction browser appears only kind of work in Chrome, but this should be a trade: https://ripple.com/graph/?tx_id=C2A1004A293F474A314E77F4F9E5FB4A96F26DB7495EEAF017438C9A0F886EFD
Really I have to look up my address on that screen to see anything useful though: rPUZ2yrr94nXbamcoaZ9U9ABMo8VMXxRwt
Amount to Buy: 0.05 BTC
Price of each: 50,479.95 XRP
[Order value: 2523.99]
That order should fill right away and then you will see 0.05 BTC in your Ripple account. Your XRP balance will then be 2523.99 lower as well. Now you have a tiny bit of BTC to trade. Like you I don't know how to fund with BTC directly other than getting someone to send you BTC. The idea eventually is you use a gateway you trust to fund BTC directly. Looks like two are up: https://ripple.com/wiki/Gateway_List
After the trade you will automatically trust the exchange for the amount of the trade. For example I now trust Bitstamp.net (rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B) for 0.05 BTC.
The transaction browser appears only kind of work in Chrome, but this should be a trade: https://ripple.com/graph/?tx_id=C2A1004A293F474A314E77F4F9E5FB4A96F26DB7495EEAF017438C9A0F886EFD
Really I have to look up my address on that screen to see anything useful though: rPUZ2yrr94nXbamcoaZ9U9ABMo8VMXxRwt
I have some more questions too, regarding trading:
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
2) How can i buy XRP's with bitcoins if i can't fund the ripple account with bitcoins?
3) I would like to see a clear example of what to fill in the boxes, with a real-life example.
It would be nice if a tutorial/manual was made with screenshots, maybe it already exists ...?
Ciao
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
2) How can i buy XRP's with bitcoins if i can't fund the ripple account with bitcoins?
3) I would like to see a clear example of what to fill in the boxes, with a real-life example.
It would be nice if a tutorial/manual was made with screenshots, maybe it already exists ...?
Ciao
you can get XRP from the giveaways that ripple is doing
You don't need to trust anybody to see the order book – that information is public, and you just need to know the issuer address. You only need to trust them to receive the IOU's they issue, which is more or less a prerequisite to trading them. (This is important, because trusting two gateways without setting any other options amounts to agreeing to serve as a free liquidity provider, which may not be your intention.)
For reference, WeExchange's issuer address is rpvfJ4mR6QQAeogpXEKnuyGBx8mYCSnYZi. (And if you're interested in the fuzzy line between user and gateway, you can set the issuer to rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU to see the order book for molecular's BTC IOU's. Be sure you understand what you're doing if you buy any.)
For reference, WeExchange's issuer address is rpvfJ4mR6QQAeogpXEKnuyGBx8mYCSnYZi. (And if you're interested in the fuzzy line between user and gateway, you can set the issuer to rpH3zuMch2GrrYX724xGWwbMGwiQ5RbSAU to see the order book for molecular's BTC IOU's. Be sure you understand what you're doing if you buy any.)
Taking a look at the order books for BTC/XRP. So if I want to buy a Bitstamp BTC I've got to pay 68,000 XRP. If I buy molecular's BTC I'm only paying 60,000 XRP. That's the market discount on a non-Bitstamp BTC IOU... for the moment. Not all IOUs are created equal, I guess.
I made a order, but it does not show on the orderbook, why?
I have some more questions too, regarding trading:
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
2) How can i buy XRP's with bitcoins if i can't fund the ripple account with bitcoins?
3) I would like to see a clear example of what to fill in the boxes, with a real-life example.
It would be nice if a tutorial/manual was made with screenshots, maybe it already exists ...?
Ciao
1) Is it possible to fund your ripple account with bitcoins? If so, where can i find the bitcoin address?
2) How can i buy XRP's with bitcoins if i can't fund the ripple account with bitcoins?
3) I would like to see a clear example of what to fill in the boxes, with a real-life example.
It would be nice if a tutorial/manual was made with screenshots, maybe it already exists ...?
Ciao
I don't understood shit of this post.
CAn someone please explain what is being a liquidity provider or how it really work?
CAn someone please explain what is being a liquidity provider or how it really work?
Jump to: