Ripple (XRPUSD): There are limits for transferring money...

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GreedyAgorist

Re: ceaa post# 16436

Friday, 06/12/2020 4:21:21 PM

Friday, June 12, 2020 4:21:21 PM

There are limits for transferring money to Uphold per day from your funding bank account. If you have only one gov-issued picture ID, it is $500 a day. That is my slow and steady route.

When I first started I tried to get as close to $500 worth of XRP as possible, but then I wised up and just transferred exactly 500 USD and then, from my stash of USD, bought XRP at my leisure, along with seven or eight other coins/tokens.

Did that yesterday when XRP was on the low end of the 19 cent handle. Wish I had done that again when it was below 19; I want some more to even out the rungs on my loan ladder (six-month loans via CredEarn).

I have yet to make a big purchase of coins with my USD, but I assume I could buy one BTC in one transaction from within Uphold. That would take a lot more than 500 USD. ; - )

Side note; XRP is a cryptocurrency, it is not a subsidiary of Ripple.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.