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 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Ripple (XRP) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Ripple (XRP) Once your deposit has been confirmed, you will instantly have access to your finances and you can commence buying and trading. To purchase Ripple (XRP) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to discover Ripple (XRP), you will need to put the cointype (XRP) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this too. Click on “XRP/BTC” to go ahead.
Step 4 – Buy Ripple (XRP) As soon as you have spotted Ripple (XRP), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our Limit Order. The ”Price” field will be automatically filled with the latest tariff Ripple (XRP) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of XRP you wish to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of XRP. When you are happy, make a mouse click on “Buy XRP”. Your plan will be filled as soon as a Vendor trades their XRP for the price you introduced.
Step 5 – Withdraw Ripple (XRP) Unless you're frequently trading, never keep your crypto on an Exchange for an longer time period. To take off your Ripple (XRP), hover over the ”Funds” tab and click on “Withdraw”. Ripple (XRP) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the given drop-down box. Put into the quantity of Ripple (XRP) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You could be asked for email/phone verification before a take off.