♣️ How to Sell Ripple (XRP) for GBP in the UK

Many investors are searching for how to sell Ripple for GBP in the UK. If you’re one of such, you’re in the right place and will find the answers you’re looking for in this well-researched guide.

Meanwhile, others also want to know where they can cash out Ripple if the price eventually skyrockets. Let’s dive right in!

A quick guide on selling XRP for GBP on OKX

• Sign up for an OKX account and complete the KYC process.
• Go to Assets > Deposit and obtain your XRP deposit address.
• Transfer XRP from an external wallet to the OKX address
• Go to the OKX Express Buy tab and switch the tab option to “Sell.”
• Enter the amount of XRP to sell for GBP (50 XRP minimum)
• Click “Sell XRP” and confirm the order details.
• Follow the prompts to add a payment method.
• Complete the transaction.

Next, we review a list of exchanges where you can sell XRP for GBP and show you exactly how to do it.

How to sell Ripple in the UK for GBP

OKX

OKX is one of the world’s largest cryptocurrency exchanges by trading volume. Although the platform does not offer a direct XRP/GBP pair, it provides a variety of options to sell Ripple into GBP using third-party partners. Aside from the earlier step, here’s another way to do it on OKX.

How to do it:

• Register with OKX and complete KYC verification.
• Deposit the XRP you want to sell to your XRP address on OKX.
• Go to Buy Crypto > Third-Party Payment
• Switch the order type to Sell
• Input XRP as the coin to sell and GBP as the currency to receive.
• Alternatively, use this XRP/GBP link
• Fill in the amount to sell and choose your preferred third-party gateway based on quoted prices
• Review the order and proceed with the transaction
• Provide a payment method and complete the sale

Fiat Withdrawal Options: Bank Transfer

Bitget

Launched in 2018, Bitget is another excellent option for selling of Ripple for GBP or other cryptocurrencies. The platform offers a direct XRP/GBP pair and the option to withdraw fiat directly to your bank account.

How to do it:

• Sign up for a Bitget account and complete user verification.
• Click on the wallet icon on the top right and select Deposit
• Select XRP as the asset currency to deposit.
• Copy your address and transfer funds from an external wallet.
• Go to Trade and select the XRP/GBP pair.
• Change the order option to Sell
• Switch Order type to Market.
• Enter the amount of XRP to sell and click “Sell XRP.”
• Return to your Bitget wallet page and initiate a GBP withdrawal
• Provide your bank details and complete the withdrawal

Fiat Withdrawal Options: Faster Payments.

Sell XRP on Coinbase

Coinbase is a US-based exchange and one of the largest in the industry in terms of trading volume. Coinbase offers its services to UK customers and is an excellent option if you want to sell some Ripple coins.

How to do it:

• Create a Coinbase Account and complete the KYC process.
• Go to Assets and select XRP to find your deposit address.
• Copy the address and transfer funds from an external wallet.
• Select the Trade Button and click Sell.
• Choose XRP as the crypto to sell and GBP as the currency to receive
• Confirm the transaction and initiate the withdrawal of GBP through your preferred method.

Fiat Withdrawal Options: Faster Payments, SEPA, PayPal, and Bank Cards.

Bitstamp

Bitstamp is one of the oldest cryptocurrency exchanges, having launched in 2011. For UK-based investors, it is an excellent option to buy and sell Ripple for GBP. The platform is regulated by the FCA and has a strong security record, having not suffered a major security breach since going live.

How to do it:

• Sign up on Bitstamp.net and complete the KYC verification process.
• Navigate to Deposit and fund your wallet with XRP
• Switch to Bitstamp Pro from the main menu
• Find the XRP/GBP pair.
• Switch the Order type to Market and enter the order details.
• Click “Sell XRP” and confirm the order execution.
• Withdraw GBP to your UK Bank account.

Fiat Withdrawal Options: Faster Payments, SEPA.

Gemini

Launched in 2015, Gemini is another FCA-licensed cryptocurrency exchange where users can trade XRP for GBP. The platform added native support for XRP in August 2023, meaning users can freely deposit assets using the XRP Ledger.

Additionally, Gemini offers GBP accounts meaning users can freely deposit and withdraw fiat currency from the platform.

How to do it:

• Sign up at Gemini and complete the KYC verification.
• Deposit XRP on the platform using the provided address.
• Find the Markets tab and select Sell
• Choose XRP as the coin to sell and XRP as the coin to receive.
• Input the amount of coins to sell 
• Review the order price, and if you’re satisfied, complete the sale.
• Find GBP in your Gemini account and initiate a withdrawal
• Add a payment method and complete the withdrawal.

Fiat Withdrawal Options: Bank Transfer and Plaid Direct Payments (UK)

Kraken

Kraken is another top-tier cryptocurrency exchange where you can sell your XRP for GBP. Initially, the platform only supported USD and EUR crypto-fiat transactions. However, the inclusion of GBP on Kraken makes it a viable option for UK users.

How to do it:

• Create a Kraken account and complete the KYC process.
• Go to Deposit on your dashboard and select XRP as the coin to deposit.
• Copy your address alongside the memo.
• Transfer the funds to Kraken from an external address.
• Click Sell on your dashboard.
• Pick XRP as the coin to sell and GBP as the currency to receive.
• Fill in the amount to sell and complete the order.
• Withdraw GBP from Kraken to your bank account.
• Alternatively, you can change the Kraken interface to Kraken Pro from the web app menu.
• Find the XRP/GBP pair
• Change the order type to Market 
• Input the amount to sell and click Sell XRP/GBP
• Go back to your account dashboard and withdraw GBP using the provided methods.

Fiat Withdrawal Options: FPS (Clear Junction), CHAPS (Clear Junction), BLINC, and SWIFT

Bitfinex

Bitfinex is another popular cryptocurrency exchange that provides an excellent option for converting XRP to GBP. Although the platform does not offer a direct XRP/GBP, you can go from XRP to GBP in a few simple steps.

How to do it:

• Register at Bitfinx.com and complete the full KYC verification process.
• Go to Wallet > Deposit, and find your XRP wallet address.
• For first-time users, generate a tag for your Bitfinex Exchange wallet
• Transfer assets from your external wallet to your Bitfinex-provided address.
• Once the deposit is complete, go to the XRP/USDT order book.
• Change the order type from Limit to Market.
• Input the amount of XRP to sell and complete the order.
• Follow the same steps as above and use the GBP/USDT pair to convert USDT to GBP
• Go to Wallet > Withdraw and withdraw GBP via Bank transfer

Fiat Withdrawal Options: SEPA, International Wire Transfer.

Selling XRP for cryptocurrency short step-by-step guide.

If you’re not interested in selling your coins for GBP and instead want to sell them for Bitcoin or any other cryptocurrency, you can follow the steps below:

• Create an account on your preferred exchange (we’ll use OKX for this example).
• Go to deposit and transfer Ripple coins from an external address to your OKX account.
• Go to markets and choose the XRP/USDT pair.
• You can also choose any other XRP pair that matches the coin you want to buy with XRP.
• Change the Order type to Market and fill in the amount to sell.
• Complete the order and receive the newly purchased coins on your OKX account

Note: While the features may differ from one crypto exchange to the other, the functions are primarily the same. To sell XRP for other cryptocurrencies, you have to go through the order book pair.

If you can’t find a pair that directly pairs XRP with the coin you want to buy, you can sell XRP for USDT or BTC. Next, you can sell USDT or BTC for GBP using their related pairs, e.g., USDT/GBP or BTC/GBP.

Things to consider before selling XRP

Before you sell XRP for GBP or other cryptocurrencies, there are some factors that you need to consider:

• Market Action: Before you sell your XRP holdings, it is helpful to consider the asset’s price action to determine whether or not you could realise more profit or loss by simply holding on for a little longer.

  You may also need to evaluate your entry point to see whether you’ll profit or lose by selling your assets.

• Trading Fees: It is vital to consider the trading fees associated with the transaction you want to execute. While XRP transfers cost almost nothing, exchange charges a fee for each trade and even more for fiat withdrawals.

  The exchanges covered in this guide are reliable and charge reasonable fees.

• Transaction Size: If you’re planning to sell a large quantity (up to £1,000,000), you may want to use an over-the-counter (OTC) trading desk instead of an exchange order book. An OTC desk allows you to sell or buy assets at a discount since the amount is substantial.

  OKX, Coinbase, Kraken, and Bitget offer an OTC service for such large trades.

• Transaction Limits: Sequel to transaction size, some exchanges limit the amount you can trade as a new user. There are also restrictions, such as the minimum amount you can sell or withdraw for a given period. Make sure to review these restrictions before initiating a transaction.

Privacy and security tips

We recommend the following measures to avoid losing your assets in the process of selling them.

• Always include the XRP address and the memo ID before hitting the send button.
• Double-check addresses after pasting as a way to guard against clipboard malware.
• Enable two-factor authentication (2FA) and other security features from the exchange you choose to use.
• Always send a test transaction if you want to make a large trade. You can follow up with subsequent trades after successful confirmation.
• If you hold large amounts of crypto, invest in a hardware wallet, which offers the best security for your wealth. (see our list of the best XRP wallets for UK users).

Conclusion

Whether you’re selling XRP to cash out a profit, minimize losses, or break even on your investment, you need to use the right platform. This article explained how UK users could sell XRP for GBP and other cryptocurrencies using reliable and fee-friendly exchanges.

We’ll then leave it to time to reveal whether or not XRP will eventually live up to the hype and become one of the most widely adopted cryptocurrencies for financial institutions.