A Step-by-Step-Guide on how to buy sXRP (SXRP)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. sXRP (SXRP) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find sXRP (SXRP) Once your deposit has been confirmed, you will now have access to your finances and you can launch buying and trading. To buy sXRP (SXRP) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To locate sXRP (SXRP), you will need to insert the cointype (SXRP) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've marked this too. Click on “SXRP/BTC” to go on.
Step 4 – Acquisition of sXRP (SXRP) After you have located sXRP (SXRP), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff sXRP (SXRP) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of SXRP you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole quantity of SXRP. When you are glad, make a mouse click on “Buy SXRP”. Your order will be filled as soon as a Vendor trades their SXRP for the price you submitted.
Step 5 – Withdraw sXRP (SXRP) Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extended time period. In order to withdraw your sXRP (SXRP), hover over the ”Funds” tab and mouse click on “Withdraw”. sXRP (SXRP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find sXRP (SXRP) by using the provided drop-down box. Drop in the quantity of sXRP (SXRP) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.