2

I have 2 BTC in my Bitstamp wallet. I have over 10,000 XRP (no issue with reserve)

I have trusted Bitstamp up to $300 in my Ripple client.

I've tried to enter an order selling 1 BTC for 8400 XRP.

Transaction failed!

Error: Insufficient balance to fund created offer.

Is there a BTC wallet in my Ripple account where my BTC need to be? Your help is appreciated.

  • Yes there is. No idea how to get it there. – Steven Roose May 27 '13 at 8:01
  • Thanks. Do you know how to find the ripple BTC wallet? Is there a URL for it? – mardlin May 27 '13 at 17:50
  • What is an XRP? – Pacerier Aug 16 '13 at 12:34
  • The unit of currency in the Ripple network. ripple.com – mardlin Aug 17 '13 at 19:27
2

I have 2 BTC in my Bitstamp wallet. I have over 10,000 XRP (no issue with reserve)

If this is in your Bitstamp account then you need to withdraw it to Ripple before you can use it on the Ripple platform (e.g. just as BTC at MtGox can't be used on the BTCE exchange).

I have trusted Bitstamp up to $300 in my Ripple client.

To get bitcoin from Bitstamp you'll need to trust Bitstamp for >= 2 BTC (if you fail to do this before attempting the Bitstamp withdrawal, Bitstamp will redirect you to the Ripple client page to extend the required trust). No trust is required for USD unless you'll also be dealing in USD with Bitstamp.

I've tried to enter an order selling 1 BTC for 8400 XRP.

Transaction failed! Error: Insufficient balance to fund created offer.

The balance referred to here is your BTC balance within Ripple, which from the sounds of it is zero.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.