Ripple (XRPUSD)

[WiseYoda]

I use Uphold, Bittrex and Coinbase and although I have a Kraken account I’ve never accessed it. A friend of mine uses Kraken and their level tier 4 allows $100k withdraw a day and so do verified Coinbase accounts. I believe that’s so with Coinbase as the process for me was automatic so not fully sure how their levels of withdraw work. In the beginning my daily Coinbase withdraw limit was $10k, which was moved to $50k and then eventually to $100k a day. I’ve never withdrew a large sum of money out of Coinbase so I do not know if its a smooth transaction to withdraw $50k-$100k daily or even once a week. These are large sums of money so the wrong move can easily lock up ones account. I would recommend small amounts at first with weekly increases. I tested out $100 once after reading about stories of Coinbase users not being able to get their money out of their accounts so I tested it with $100 and it went through without any issue but again it was only $100. I do like the Bittrex platform better than Coinbase’s and on Bittrex I can easily sell all my XRP and convert it into Bitcoin and then send all of it to Coinbase and immediately liquidate, and begin withdrawing, carefully withdrawing. For me, this plan will no longer be necessary as Bittrex is now adding USD to its platform so I will be able to exit through Bittrex when the time comes. Currently Bittrex allows a daily withdraw limit of 100 Bitcoin for verified accounts, and once they integrate USD is when they will give dollar amounts for daily limit withdraws. Ive heard of the Poloniex Exchange but never have used them or known anyone personally to have used them but I have read that verified accounts with level 3 verification comes with a $25,000 daily withdrawal limit.

NOTE: Whichever way you choose make sure to have all your ducks in a row. If you haven’t already be sure to note down what you paid for each block of XRP so captial gain configurations can be easily completed. I use a spreadsheet with dates, and dollar amounts along with all necessary documentation for my CPA. Easy breezy. No sense in digging all that stuff up after the fact.