Sell Ripple for Euros
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Sell Ripple (XRP) to SATOS
Do you need help with your Ripple order? This is where we come in! The SATOS team is available seven days per week to offer support to our customers who wish to buy or sell Ripple. After all, trading in crypto involves real money. We believe that we have to properly inform our customers and to make them feel secure. You can engage with us through the live chat, located at the bottom of this page.
Get the best XRP prices using SATOS
Step 1 – Create a Ripple wallet
It’s SATOS’ goal to make cryptocurrencies as accessible as possible. This also means offering a simple buying and selling process. For instance, you do not need to create a SATOS account to trade in cryptocurrencies. In principle, the only thing you require to buy Ripple is a Ripple wallet. You will need a wallet for us to transfer your purchased XRP to you (XRP is the name of the coin of the Ripple protocol). Compare it to a digital bank account, with the additional feature that you are the one in charge.
Step 2 – Place a Ripple order
After you have created your wallet, there’s not much more that needs to occur before you can place and finalise your SATOS order. We will first ask you to enter the amount of Ripple you would like to buy. Once you have entered an amount, you will be shown a real-time exchange rate. Do you agree with the proposed rate? Then click on ‘Place order’. You will then proceed to a screen in which we ask of you to enter your email address and your Ripple recipient address (i.e. the address displayed in your Ripple wallet).
Step 3 – Paying for your XRP
Next up is paying for the reserved XRP. SATOS allows payments through iDEAL, Bancontact, or SEPA. We do advise the use of iDEAL if possible, as it is the fastest payment method. Once you have paid for your order, we will safely reserve your coins and prepare them for depositing. You can now specify the wallet address you want to send your coins to.
Step 4 – Verification
Alas, even SATOS is obligated to follow up on verification procedures as after you have placed your order, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which they will process your order as soon as possible.
Up-to-date with our verifications? Then we will process orders to known addresses almost instantly!
Do you need help buying XRP? No problem, we stand ready to assist! Every day, SATOS strives to make buying and selling cryptocurrencies as simple as possible. After all, trading concerns your money, which is why it is vital that you are well informed and act safely. You can reach our team through the live chat, located at the bottom of this page.
Why do people buy XRP – Ripple?
- People invest in Ripple because it’s one of the largest and most well-known projects of the crypto industry.
- Ripple is of interest to many investors because of the promising technology behind the project, which may eventually enable it to transform Ripple into the international payment platform of the future.
- People also purchase Ripple because of the partnerships the project has with major banking companies.
- Buying Ripple is also popular because of the enormous rate fluctuations and accompanying profits, caused by the coin’s high volatility.
- People use SATOS to buy Ripple because it’s easy, and you can conveniently pay with iDEAL.
- Finally, the strong team behind Ripple is another reason why many opt to purchase XRP.
Remain in charge of your own Ripple wallet
At SATOS, we consider it crucial that people remain in charge of their assets. The main idea behind cryptocurrencies was to make people no longer dependent on intermediaries. This notion also informs our operations. As opposed to other brokers, SATOS does not manage the assets of its customers. Creating a Ripple wallet is a straightforward process and can be completed within no time! Your wallet allows you to have complete control over your Ripple! How cool is that?
What are some of the differences between Ripple and Bitcoin?
- Bitcoin was envisioned to grant people the opportunity to manage their fortunes, without the need for banking services. Ripple, however, has been developed to ease transactions between banks by making it cheaper and faster to transfer money.
- The maximum Ripple (XRP) circulation has been established at 100 million. The Bitcoin circulation limit sits at 21 million units.
- On average, Ripple processes 1,500 transactions per second, whereas Bitcoin handles seven transactions per second.
- Finally, all 100 million Ripple tokens have already been created. This occurred in a single instant. In contrast, Bitcoins form through a mining process.
Why do people use SATOS to buy Ripple?
- Speed: transactions are processed instantaneously (also weekends)
- Reliable: SATOS has been active as a crypto broker for more than five years.
- Support: we offer our customers live support through chat, social media, and by email, seven days per week.
- Secure: SATOS ensures that your cryptocurrencies always remain in your own hands.
- Straightforward: complete payments in no time with iDEAL, Bancontact, or SEPA.
We appreciate our customers’ feedbacks! Here’s what some of our customers say about our work Trustpilot.
What should I keep in mind when buying Ripple?
The pricing of Ripple (XRP) is extremely volatile. It is not unusual for exchange rates to soar or crash by a couple of percentage points over a single day. Be aware of the risks that investing in cryptocurrency entails. Also, the enormous rate increases from the past do not offer any guarantees for future surges.
Despite Ripple’s controversial reputation (due to it being a platform aimed at banks and payment providers), it has managed to obtain an impressive track record. Multiple banking companies have joined the project as a client, often to test Ripple’s services. The future of Ripple is not guaranteed. Do consider potential investments in this light. It’s a high-risk investment, with high potential profits to be had.
If you consider Ripple’s net market value, you will notice that it has been performing well for quite a while now. The coin has firmly nestled itself in the crypto top three. Do keep in mind that the company still has great strides to take. The competition is getting fiercer as well. More and more banks start to experiment with cryptocurrency. Some even announced that they are developing their own native coins. Therefore, we advise you to research the opportunities thoroughly before you decide to invest in Ripple.
Can I also sell Ripple at SATOS?
Yes, that’s possible! Aside from allowing our customers to buy Ripple, we also offer Ripple to EUR exchange services. The only things we require of you are your bank account and the Ripples you like to sell. We will take care of the rest!
Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:
Veelgestelde vragen
Can I also sell Ripple at SATOS?
Yes, that’s possible! Aside from allowing our customers to buy Ripple, we also offer Ripple to EUR exchange services. The only things we require of you are your bank account and the Ripples you like to sell. We will take care of the rest!
Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:
Always double-check addresses before sending cryptocurrencies
Are you going to transfer cryptocurrencies? Like when selling Bitcoin? Then always copy the recipient address of the person you like to send the Bitcoin to. It is easy to make a mistake when re-typing the address. There is also nothing you can do afterwards to recover your payment. Indeed, if you accidentally send Bitcoin to a wrong address, there is a big chance you will never see your coins again.
Communicate with your bank before selling large amounts
If you are planning to sell large quantities of cryptocurrency, it is advisable to inform your bank of this in advance. If you fail to do so, your bank might start asking questions of you following a transaction. They even reserve the right to freeze your bank account if they smell something fishy. You will want to avoid this. Hence, always inform your bank in advance when major transactions are coming up.
Setting up a transaction fee for miners
We have already discussed this earlier on this page, but it remains crucial to add a reasonable transaction fee to your transaction. This ensures that the Bitcoin miners will quickly add your transaction to the blockchain. Miners are faced with limited transaction space per block, which is why they prioritise trades with high fees.
Cryptocurrency and paying taxes
It is essential that you declare your crypto assets with the tax authorities every year. This helps you to avoid future problems when you, for instance, attempt to exchange your Bitcoin to euros. In the Netherlands, cryptocurrencies are generally taxed in Box 3. The first 30,000 EUR is exempt from taxation. You can find more information about taxes at our dedicated bitcoin tax page.
Which bank does SATOS use?
Our accounts are administered by BUNQ. This allows us to offer you instant payment services. Are you also an account holder at a bank supporting instant payment? Then the money will appear on your account almost instantaneously.
Does SATOS pass on information to tax authorities?
No, SATOS does not provide tax authorities with any data. You are expected to communicate your received income to the tax authorities yourself.
How long does it take before I receive the money on my bank account?
You will receive your payment on the next working day at the latest. This differs from bank to bank. SATOS generally processes orders within 10 minutes. If your bank supports instant payments, the money will nearly instantaneously appear on your account. Take a look at our terms and conditions to learn more about how we operate and what you can expect from us. We have done our best to keep them as short and understandable as possible. That way you know for sure that you’ll never be confronted with unexpected surprises.
I need assistance; what is the most convenient way to reach you?
We are available seven days per week from 10 AM to 9 PM. You can reach us through the live chat, by email, or by using social media. For frequently asked questions, please first check our support-page.
What does SATOS use my personal data for?
We understand that privacy is a key concern for you. Therefore, we drafted an entire page covering just this subject. Please have a look at our privacy policy page.