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 Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Ripple (XRP) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Ripple (XRP) Once your deposit has been affirmed, you will directly have access to your funds and you can start buying and trading. To purchase Ripple (XRP) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot Ripple (XRP), you'll need to put the short name of the asset (XRP) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “XRP/BTC” to proceed.
Step 4 – Purchase Ripple (XRP) After you've found Ripple (XRP), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date valuation Ripple (XRP) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of XRP you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of XRP. When you're glad, click on “Buy XRP”. Your order will be filled as soon as a Vendor trades their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Ripple (XRP), go to the ”Funds” tab and click on “Withdraw”. Ripple (XRP) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ripple (XRP) by using the provided drop-down box. Put into the quantity of Ripple (XRP) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.