A Step-by-Step-Guide on how to buy Ripple (XRP)
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Ripple (XRP) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Ripple (XRP) Once your deposit has been confirmed, you'll directly have access to your funds and you can start buying and trading. To buy Ripple (XRP) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Ripple (XRP), you'll need to insert the cointype (XRP) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have highlighted this too. Click on “XRP/BTC” to continue.
Step 4 – Purchasing Ripple (XRP) After you have discovered Ripple (XRP), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Ripple (XRP) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of XRP you like to buy. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of XRP. When you are satisfied, click on “Buy XRP”. Your plan will be filled as soon as a Vendor sells their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. In order to take off your Ripple (XRP), hover over the ”Funds” tab and mouse click on “Withdraw”. Ripple (XRP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ripple (XRP) by using the given drop-down box. Drop in the amount of Ripple (XRP) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.