A Step-by-Step-Guide on how to buy Ripple (XRP) in Canada
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Ripple (XRP) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (XRP) Ripple As soon as your deposit has been confirmed, you'll now have access to your assets and you can start purchasing and trading. To invest in (XRP) Ripple on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot (XRP) Ripple, you'll need to put the cointype (XRP) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have marked this too. Click on “XRP/BTC” to proceed.
Step 4 – Purchase (XRP) Ripple As soon as you've discovered Ripple (XRP), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the most latest tariff Ripple (XRP) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of XRP you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of XRP. When you're glad, click on “Buy XRP”. Your plan will be filled when a Vendor trades their XRP for the price you offered.
Step 5 – Withdraw Ripple (XRP) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extensive time period. To take off your (XRP) Ripple, hover over the “Funds” tab and click on “Withdraw”. (XRP) Ripple can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ripple (XRP) by using the provided drop-down box. Drop in the amount of Ripple (XRP) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be asked for email/phone verification before a withdrawal.