Buying 20,000 XRP for 0.1 btc
As a public service announcement for others reading this ...
If you're not lazy, instead of taking these offers:
- Open a free bitstamp.net account
- Go to Deposit->Ripple and follow instructions or select the "Send using Ripple web client" button.
- In the Ripple client on the send page fill out the form to send a small amount of BTC (say 0.01) to Bitstamp
- Notice that one of the payment options is to use your XRP
- Note the exchange-rate/price is way better*
- Increase the amount of BTC to send until you're sending as much of your XRP as you care to (if you increase the amount too much the client will be unable to give you a payment option, obviously)
- Select "Send XRP" to make the exchange and tranfer
- Go back to bitstamp.net, go to their Withdraw BTC page
- Enter in any bitcoin address you control
- Enjoy your bitcoin at a better rate*
* Currently ~49500 XRP per BTC, instead of the 200,000 XRP per BTC offered here. That means for each (say) 5000 XRP you send/sell you'll get ~0.101 BTC instead of 0.025 BTC.
