A Step-by-Step-Guide on how to buy Ripple (XRP)
Step 1 – Signup to CEX.io You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Ripple (XRP) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Ripple (XRP) Once your deposit has been approved, you will instantly have access to your finances and you can commence invest and trading. To buy Ripple (XRP) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Ripple (XRP), you will need to put the short name of the asset (XRP) into the search-box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this too. Click on “XRP/BTC” to proceed.
Step 4 – Acquisition of Ripple (XRP) After you've located Ripple (XRP), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation Ripple (XRP) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of XRP you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of XRP. If you are glad, make a mouse click on “Buy XRP”. Your plan will be filled as soon as a Vender trades their XRP for the price you gave.
Step 5 – Withdraw Ripple (XRP) Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To withdraw your Ripple (XRP), go to the tab called “Funds” and mouse click on “Withdraw”. Ripple (XRP) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ripple (XRP) by using the provided drop-down box. Enter the quantity of Ripple (XRP) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.