A Step-by-Step-Guide on how to buy Ripple (XRP)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Ripple (XRP) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate (XRP) Ripple As soon as your deposit has been confirmed, you'll directly have access to your funds and you can commence purchasing and trading. To invest in (XRP) Ripple on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to discover (XRP) Ripple, you'll need to put the shortname of the coin (XRP) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this too. Click on “XRP/BTC” to continue.
Step 4 – Buy (XRP) Ripple As soon as you've located (XRP) Ripple, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order. The ”Price” field will be filled with the up-to-date price (XRP) Ripple was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of XRP you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of XRP. If you're satisfied, click on “Buy XRP”. Your order will be filled as soon as a Seller trades their XRP for the price you introduced.
Step 5 – Withdraw (XRP) Ripple Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. To take off your (XRP) Ripple, hover over the tab called “Funds” and mouse click on “Withdraw”. (XRP) Ripple can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XRP) Ripple by using the provided drop-down box. Enter the volumen of (XRP) Ripple you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You may be asked for verfication via phone/email before a take off.