Difficulties in Cashing Out RLUSD from Xaman | EU Users Seek Alternatives
Edited By
Jonathan Carter
Users based in the European Union are hitting roadblocks in converting RLUSD from their Xaman wallets, prompting suggestions and solutions from various forums.
A user raised concerns on user boards about withdrawing RLUSD from Xaman, stating issues with popular platforms like Kraken, Uphold, and MoonPay. This latest challenge underlines the obstacles many people face in off-ramping crypto assets in the EU.
Exploring Alternatives
While some users suggest that Uphold may support RLUSD, others are skeptical. One user pointed out, "Are you really sure Uphold doesn't support it? Their website says they do." Such confusion adds to the frustration among users seeking reliable methods to convert their funds.
Unique Solutions Proposed
A few alternative routes emerged in the conversation, including:
Swap RLUSD for XRP: A direct method highlighted by a user, who recommended converting RLUSD to XRP on a decentralized exchange (DEX), then off-ramping the XRP.
GateHub as a Backup: Despite some roadblocks, GateHub was mentioned multiple times. However, one user reported issues with UK residency restrictions even while living in Ireland: "Unfortunately, due to limitations, GateHub cannot offer our services to UK citizens"
Trusting the XRPL Network: It's crucial to understand that assets aren't held in Xaman but rather on the XRPL, as noted by a comment clarifying the wallet service's role.
User Sentiment
The sentiment across comments shows a mix of confusion and the drive to find solutions. People seem to want more clarity on the status of RLUSD's support in the EU.
"If you're able to off-ramp XRP, just swap RLUSD to XRP on a DEX and off-ramp the XRP."
While optimism regarding potential solutions exists, the clarity of services available remains uncertain for many users.
Takeaways
🔄 Many users propose using XRP as a workaround.
❌ Uphold's support for RLUSD remains contested.
↓ GateHub presents regional service limitations for UK citizens even overseas.