A Step-by-Step-Guide on how to buy Ripple (XRP) in Gibraltar
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Ripple (XRP) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate (XRP) Ripple As soon as your deposit has been verified, you will directly have access to your assets and you can begin buying and trading. To buy (XRP) Ripple on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot (XRP) Ripple, you'll need to insert the shortname of the coin (XRP) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “XRP/BTC” to proceed.
Step 4 – Buying Ripple (XRP) As soon as you have located Ripple (XRP), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation Ripple (XRP) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of XRP you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole quantity of XRP. When you are happy, click on “Buy XRP”. Your plan will be filled when a Seller trades their XRP for the price you gave.
Step 5 – Withdraw Ripple (XRP) Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Ripple (XRP), hover over the “Funds” tab and click on “Withdraw”. (XRP) Ripple can be securely stored using a Wallet, for example 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 take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.