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Topic: how do ripple's "issuers" work for currency exchange? (Read 951 times)
i only see 'amount' and 'grant trust' in advanced > trust after i enter the bitstamp address... ?
I'll try to help, I did this for the first time a few days ago.
After adding Bitstamp as a BTC issuer, you need to "trust" them to exchange the ripple BTC IOU's for genuine BTC. This is done by Advanced --> Trust --> Green + sign, then paste the ripple address of Bitstamp and click save.
After that, on the left hand side, click Trade, use the dropdown to choose BTC/XRP. Click Order Book near the bottom of that page and you should see a fairly active order book like you would at a Bitcoin exchange.
After adding Bitstamp as a BTC issuer, you need to "trust" them to exchange the ripple BTC IOU's for genuine BTC. This is done by Advanced --> Trust --> Green + sign, then paste the ripple address of Bitstamp and click save.
After that, on the left hand side, click Trade, use the dropdown to choose BTC/XRP. Click Order Book near the bottom of that page and you should see a fairly active order book like you would at a Bitcoin exchange.
uh. i am exchanging some to see how it works yes. so can someone who knows maybe answer my question?
Oh whats this, you are trying to rid thyself of thy XRP? Say it aint so goodsir, because Ripple is destined to becomes something truly fantastic!*
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i am looking at doing an exchange of xrp for btc using ripple. i have added bitstamp as an issuer, which begs the question:
what the hell is an issuer and how does this process actually work?
what the hell is an issuer and how does this process actually work?
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