A Step-by-Step-Guide on how to buy Ripple (XRP)
Step 1 – Join Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get Funds.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Ripple (XRP) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Ripple (XRP) Once your deposit has been verified, you'll now have access to your assets and you can begin buying and trading. To invest in Ripple (XRP) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot Ripple (XRP), you will need to put the short name of the asset (XRP) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've marked this also. Click on “XRP/BTC” to go ahead.
Step 4 – Purchase Ripple (XRP) As soon as you have discovered Ripple (XRP), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Ripple (XRP) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XRP you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete amount of XRP. If you are satisfied, click on “Buy XRP”. Your order will be filled when a Seller trades their XRP for the price you introduced.
Step 5 – Withdraw Ripple (XRP) Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to take off your Ripple (XRP), go to the ”Funds” tab 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 provided drop-down box. Drop in the volumen of Ripple (XRP) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.