Quote from: JoelKatz on July 14, 2013, 06:33:56 AM

Quote from: //v on July 14, 2013, 01:15:21 AM

I can't quite figure this system out. I deposited USD to my ripple wallet through a gateway (snap swap), but I apparently cannot convert those snap swap USD into XRP. I tried placing an order through bitstamp but it didn't work as my USD came through a different gateway.

When you place an offer, you have to specify the exact asset to be traded. If you have Snapswap USD, you have to place offers on the SnapSwap USD order book.

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So how do I convert those USD to XRP? If I can't, then what is the use of new gateways for USD like snap swap?

The easiest way is to make an XRP payment to yourself and pay with USD. Alternatively, you can trade on the Snapswap USD to/from XRP order book. At the moment, if I'm reading this right, you can actually get very slightly more XRP per Snapswap USD than per Bitcoin USD!

OK, now I think I figured both of those out. Thanks.

How does making a payment to myself work? I see how to do it, but what is the conversion based off? Who is setting that rate and who am I actually buying XRP from if I do it that way? From Opencoin? Also, what is the difference between making an XRP payment to myself but paying with USD and making a USD payment to myself, which does not seem to be possible (I get a message "No Path Found")?

//v

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