I would like to convert some XRP in to cash, how do I do that?
Xumm does not currently have fiat on boarding or off boarding. This means that there is no way to convert XRP directly into cash using Xumm.
So what are my options?
There are several crypto exchanges which deal in XRP.
Some of the bigger players in the crypto exchange space include:
- Gatehub (https://gatehub.net)
- Bitstamp (https://bitstamp.net)
- Uphold (https://uphold.com)
- Kraken (https://kraken.com)
- Bitrue (https://bitrue.com)
If you create an account with one of them, you can send your XRP to your account with them and they will convert your XRP into fiat for you.
Please make sure that you thoroughly research the crypto exchange that you decide to go with. Each exchange has their own rules and fee structures that you should fully understand before signing up. As well, just because we provided a list of exchanges, it does not mean that we support or endorse any of them in any way. It is entirely up to you to decide which crypto exchange you use.
What about other XRP Ledger tokens? How to I cash them out?
Some crypto exchanges support multiple XRP Ledger tokens along with XRP. This will be one of the things that you research before you create an account with them. If you find that your current exchange does not support your desired XRP Ledger token, contact them directly and see if they have any plans to do so in the future.
Can't I just link my Xumm account directly to my bank account?
No. This is not currently an option. If your bank is interested in adding this feature, we would be happy to discuss it with them. Have them contact us!
What about Xumm Pro Beta? Will I be able to "cash out" with Xumm Pro Beta?
Xumm Pro Beta will soon be getting a fiat on-ramp/off-ramp (deposit, withdraw). Our plan is to start providing this service to users in the Netherlands, then slowly expand across Europe. Once we have complete European coverage, we will compile a list of other XRP friendly countries and go from there. You can learn more about Pro Beta here:
- What is XUMM? (Explainer video 1/5)
- Where are your funds stored? (Explainer video 2/5)
- How can you access your funds? (Explainer video 3/5)
- Welcome to Xumm Pro Beta! 🎉
We understand that you might have additional questions regarding this topic so you are welcome to contact us any time via the Xumm Support xApp in Xumm or you can simply scan this QR code with Xumm and be directed there automatically.