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 Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Ripple (XRP) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Ripple (XRP) As soon as your deposit has been verified, you will directly have access to your assets and you can start buying and trading. To buy Ripple (XRP) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To discover Ripple (XRP), you will need to put the shortname of the coin (XRP) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this too. Click on “XRP/BTC” to proceed.
Step 4 – Purchase Ripple (XRP) After you've spotted Ripple (XRP), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most latest valuation Ripple (XRP) was traded for. You can change this to your preferred price. The ”Amount” field is the quantity of XRP you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole amount of XRP. When you are satisfied, make a mouse click on “Buy XRP”. Your order will be filled as soon as a Vender sells their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you're frequently trading, never keep your crypto on an Exchange for an extended time frame. To take off your Ripple (XRP), hover over the tab called “Funds” and click on “Withdraw”. Ripple (XRP) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the given drop-down box. Drop in the volumen of Ripple (XRP) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for email/phone verification before a take off.