This guide simplifies trading XRP for PRX on Gatehub and Rippex, ideal for beginners. Learn how to set up trustlines, navigate order books, and execute trades efficiently.
Prerequisites
Before trading PRX (Pareto Network), ensure:
- You have an active Gatehub or Rippex account.
- Your wallet holds sufficient XRP (minimum balance required for trustlines).
A trustline is extended to PRX’s issuer:
- Issuer Address:
rPRXcb4T8r7VezKkgRbQBuzGrftsjgJcUu
- Issuer Address:
Setting Up a Trustline
On Gatehub
- Navigate to your Wallet screen.
- Click the Advanced tab.
- Select Set Trust.
Enter:
- Currency Code:
PRX - Issuer Address:
rPRXcb4T8r7VezKkgRbQBuzGrftsjgJcUu
- Currency Code:
- Submit and confirm with your password.
On Rippex
- Go to the Trust Lines tab.
- Add the PRX trustline using the issuer address above.
Trading PRX on Gatehub
👉 Click here to access Gatehub’s trading interface
- Log in and select your trading wallet.
Order Book Overview:
- Bid Side: Buy orders (PRX offered for XRP).
- Ask Side: Sell orders (XRP offered for PRX).
- Last Price/24h Change: Real-time market data.
Placing Limit Orders:
- Sell XRP: Set a price (e.g., 1 XRP = 12,000 PRX). Orders remain until filled.
- Buy PRX: Immediate execution if price matches existing orders.
Trading PRX on Rippex
- Navigate to the Advanced tab.
Add Trading Pair:
- Base Currency:
XRP - Counter Currency:
PRX - Counter Gateway:
rPRXcb4T8r7VezKkgRbQBuzGrftsjgJcUu
- Base Currency:
- Use the order book to place bids/asks (similar to Gatehub).
FAQs
1. Why do I need a trustline?
Trustlines authorize your wallet to hold PRX. Without it, transactions fail.
2. What’s the minimum XRP balance for trading?
Gatehub/Rippex require ~10–20 XRP reserved for account activity.
3. How do I cancel a limit order?
On Gatehub: Go to Open Orders → Cancel.
On Rippex: Remove the order from the book manually.
4. Can I trade PRX on other platforms?
Yes, but ensure compatibility with XRP Ledger-based exchanges.
Pro Tips
- Monitor liquidity: Check 24h volume before large trades.
- Use simple mode on Gatehub for quick buys.
- Double-check issuer addresses to avoid scams.
👉 Explore advanced trading strategies here