A Step-by-Step-Guide on how to buy Ripple (XRP) in Armenia
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Ripple (XRP) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Ripple (XRP) Once your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To purchase (XRP) Ripple on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To discover (XRP) Ripple, you'll need to put the shortname of the coin (XRP) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we've highlighted this too. Click on “XRP/BTC” to progress.
Step 4 – Buying (XRP) Ripple Once you've spotted (XRP) Ripple, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Ripple (XRP) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of XRP you want to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of XRP. When you're happy, click on “Buy XRP”. Your plan will be filled as soon as a Seller sells their XRP for the price you introduced.
Step 5 – Withdraw (XRP) Ripple Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (XRP) Ripple, hover over the tab called “Funds” and click on “Withdraw”. Ripple (XRP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the given drop-down box. Enter the amount of Ripple (XRP) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You may be asked for phone/email verification before a take off.