A Step-by-Step-Guide on how to buy Ripple (XRP)
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Ripple (XRP) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (XRP) Ripple As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence invest and trading. To invest in (XRP) Ripple on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover (XRP) Ripple, you'll need to insert the short name of the asset (XRP) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this also. Click on “XRP/BTC” to advance.
Step 4 – Buy (XRP) Ripple As soon as you have discovered (XRP) Ripple, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most latest price (XRP) Ripple was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XRP you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of XRP. When you are happy, click on “Buy XRP”. Your order will be filled as soon as a Seller sells their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you're trading, best advise is not to keep coins on an Exchange for an extensive time period. To withdraw your Ripple (XRP), go to the tab called “Funds” and click on “Withdraw”. Ripple (XRP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the given drop-down box. Put into the quantity of Ripple (XRP) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.