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Replies to #6164 on Ripple (XRPUSD)

GreedyAgorist

05/27/19 11:29 PM

#6165 RE: MindlessSelf #6164

Just so you’ll be prepared before you visit the Uphold website, I should note you want to take a picture of your ID (presumably your drivers license) both sides and then a picture of yourself holding that ID up to your face, then have those pictures ready to upload on whatever computer or device you will be using to sign up with Uphold. You probably want a two-factor authentication program already on your smart phone as well. And of course be ready with which bank account you will use to fund your account.

Speaking of bank limits: Note you may not have enough additional identification and paperwork to give them to lift their limit of $500 a day. I was happy to dollar cost average that much every day, but keep in mind that bank regulations will limit the number of ACH transfers per month (or statement cycle) to 6 per, so I am only adding $3000 next month, starting some time next week when and if I see a dip. As MS said, the transfer, once confirmed, locks price immediately but takes 5-7 business days, which frankly seems excessive in this day and age. Quite the opposite of the promised speed of the use case for XRP itself, perhaps ironically.