A Step-by-Step-Guide on how to buy sXRP (SXRP)
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. sXRP (SXRP) 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 Crypto Trader? (Follow this manual) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find sXRP (SXRP) Once your deposit has been verified, you'll directly have access to your funds and you can commence purchasing and trading. To purchase sXRP (SXRP) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find sXRP (SXRP), you'll need to insert the cointype (SXRP) into the search box, which is marked in the image. Make sure you have selected the right pairing, we have marked this also. Click on “SXRP/BTC” to continue.
Step 4 – Purchase sXRP (SXRP) After you have discovered sXRP (SXRP), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The ”Price” field will be filled automatically with the latest rate sXRP (SXRP) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of SXRP you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of SXRP. When you are satisfied, make a mouse click on “Buy SXRP”. Your plan will be filled when a Vender trades their SXRP for the price you introduced.
Step 5 – Withdraw sXRP (SXRP) Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. In order to take off your sXRP (SXRP), hover over the ”Funds” tab and click on “Withdraw”. sXRP (SXRP) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find sXRP (SXRP) by using the given drop-down box. Put into the quantity of sXRP (SXRP) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.