A Step-by-Step-Guide on how to buy Ripple (XRP) in Hong Kong
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get your first 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Ripple (XRP) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (XRP) Ripple Once your deposit has been verified, you'll immediately have access to your assets and you can start purchasing and trading. To purchase Ripple (XRP) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To locate Ripple (XRP), you will need to insert the short name of the asset (XRP) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “XRP/BTC” to progress.
Step 4 – Purchasing Ripple (XRP) Once you've found (XRP) Ripple, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The “Price” field will be filled automatically with the recent price Ripple (XRP) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of XRP you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of XRP. When you're satisfied, click on “Buy XRP”. Your plan will be filled when a Vender sells their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time frame. In order to withdraw your (XRP) Ripple, go to the tab called “Funds” and mouse click on “Withdraw”. (XRP) Ripple can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XRP) Ripple by using the provided drop-down box. Enter the quantity of Ripple (XRP) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.