RaiBlocks XRB to BTC – The first exchange that support this cryptocurrency

My discovery of the exchange

I haven't done any Mrai for the last two weeks since I am so busy with my blog. Really, for me to stay in front my computer resolving captcha take so much time, I prefer doing it when I have free time; rare commodity these days. At least I managed to accumulate over 600 Mrai on my Raiblocks wallet. I discovered a trading exchange that accepts the conversion from Raiblocks (XRB) to any cryptocurrencies of your choice.

On the Raiblocks website, you can see the Cryptopia Trading Exchange where you can sell your Mrai. Also, you can see two more in the process of acceptation, should be available as well in the near future.

Process of the operation

The first step for you to be able to send your Mrai to Cryptopia: you need to create an account on the platform; I created my account in less than five minutes. Once in your Raiblocks wallet, you need to send your Mrai to the public key provided under your profile in Cryptopia, then click on the send button.

In my case, I sent 573 Mrai to Cryptopia. You can see under the unconfirmed address the Mrai I sent, but before I can do something I need to wait patiently to see it under available. I waited less than 10 minutes before it switched to available, I think it is a reasonable waiting time to receive a confirmation from the trading exchange.

Now it is time to sell on the free market and open a sell order. I opened an sell order of 573 XRB at the current market price. I set the sell order at 699 BTC for each Mrai, and now I need to wait for my order to be executed. The server has implemented a fee on each transaction of 0.20%; it cost me around 800 Satoshi.

As you can see below, I have made the sale and received my money in Bitcoin. I have sold over 600 Mrai in two transactions and now I got my account credited with over 470,584 Satoshi.

The last step is to transfer this money to my Bitcoin wallet, let's see how much time it is going to take?

I transferred the money into my personal Bitcoin wallet and received the money almost instantly. The trading exchange charge a flat rate of 40,000 Satoshi to process the withdrawal. You must consider transferring enough Bitcoin or Altcoins to justify to pay this fee.

Conclusion

The process is not too hard and the user interface on the website is very user-friendly; it is easy to find where to make the operations. One thing I don't like about this exchange, it takes to much time to load a page and it gets on my nerves. I will not complain, it is the only exchange for our Mrai; before the only way to trade them was on a thread of the BitcoitalkTalk forum.

Great opportunity to sell your Mrai and I expect more trading exchange will soon accept it as well. I was happy to get 420,000 Satoshi in my wallet, and learning how to make this operation for this article. Don't hesitate my dear followers to ask questions on the comment section below.

4 thoughts on “RaiBlocks XRB to BTC – The first exchange that support this cryptocurrency

  • Thank you so much for the update, I checked on Cryptopia website.

    XRB / BTC market is closing

    Due to excessive support load from recaptcha click farmers, death threats to support, account abuse, deposit spamming and network syncing issue Cryptopia have been forced to close the XRB markets, We do apologize for the way this has happened but the safety of our other users and Cryptopia staff must take precedence over a single coins abusive community, Please close all open orders and withdraw ASAP

  • Very nice thank you for such clear description. There are now 3 exchanges and XRB trades for over 1200 SAT June 2017.

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