How to Buy sXRP (SXRP)

A Step-by-Step-Guide on how to buy sXRP (SXRP)

Step 1 – Signup to CEX.io

In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your Funds to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has 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 Exchange? (Follow this guide)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate sXRP (SXRP)

As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can commence purchasing and trading. To purchase sXRP (SXRP) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate sXRP (SXRP), you'll need to put the cointype (SXRP) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this also. Click on “SXRP/BTC” to go ahead.

Binance Hot To Buy sXRP (SXRP)
Binance How to Buy (SXRP) sXRP
Step 4 – Purchasing sXRP (SXRP)

As soon as you've spotted sXRP (SXRP), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the recent tariff sXRP (SXRP) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of SXRP you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole quantity of SXRP.

If you're glad, click on “Buy SXRP”. Your order will be filled as soon as a Vendor sells their SXRP for the price you submitted.

Step 5 – Withdraw (SXRP) sXRP

Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time period. To take off your (SXRP) sXRP, hover over the ”Funds” tab and mouse click on “Withdraw”. (SXRP) sXRP can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SXRP) sXRP by using the provided drop-down box. Put into the quantity of (SXRP) sXRP you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored sXRP (SXRP).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the sXRP (SXRP) is safe within your wallet, you are done.