can upbit xrp be transferred

Upbit supports XRP transfers, enabling users to trade, deposit, withdraw, and store the cryptocurrency within the platform, and offers internal transfers at zero cost and external transfers with varying fees.

Oct 31, 2024 at 07:56 am

Can XRP Be Transferred on Upbit?

1. Supported Assets

Upbit, a South Korean cryptocurrency exchange, supports trading and transferring a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

2. XRP Support

Yes, XRP is supported on Upbit. Users can trade, deposit, withdraw, and store XRP on the platform.

3. Transfer Options

Upbit offers the following transfer options for XRP:

• Internal Transfers: XRP can be transferred between Upbit accounts instantly and at zero cost.
• External Transfers: XRP can be transferred to other cryptocurrency exchanges, wallets, or personal wallets outside of Upbit.

4. Fees

• Internal Transfers: Free

• External Transfers:

  • Withdrawals to external XRP addresses: 0.25 XRP
  • Withdrawals to external ETH addresses (ETH-XRP bridge): 0.1 ETH

5. Steps for Transferring XRP on Upbit

To transfer XRP on Upbit, follow these steps:

1. Log in to your Upbit account.
2. Navigate to the "Wallets" section.
3. Select "XRP" from the list of assets.
4. Click on the "Transfer" button.
5. Choose the destination of your transfer (internal or external).
6. Enter the destination address and the amount you wish to transfer.
7. Review the transfer details and click on "Confirm" to complete the transaction.

6. Important Notes

• Always confirm the destination address before sending XRP. Sending XRP to the wrong address will result in a loss of funds.
• Withdrawals to external ETH addresses require an additional step utilizing the ETH-XRP bridge.
• Upbit may temporarily suspend withdrawals or deposits of XRP due to network maintenance or other factors.