A Step-by-Step-Guide on how to buy Ripple (XRP) in Latvia
Step 1 – Join Kraken You'll first need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) 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. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Ripple (XRP) As soon as your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To invest in Ripple (XRP) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To find (XRP) Ripple, you will need to put the short name of the asset (XRP) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have marked this too. Click on “XRP/BTC” to continue.
Step 4 – Buy (XRP) Ripple After you have spotted Ripple (XRP), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The “Price” field will be automatically filled with the most up-to-date valuation (XRP) Ripple was traded for. You can change this to your favoured price. The “Amount” field is the amount of XRP you like to purchase. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of XRP. When you're happy, click on “Buy XRP”. Your order will be filled as soon as a Seller trades their XRP for the price you introduced.
Step 5 – Withdraw (XRP) Ripple Unless you're trading, never keep your coins on an Exchange for an longer time frame. In order to take off your Ripple (XRP), go to the “Funds” tab and mouse click on “Withdraw”. Ripple (XRP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the provided drop-down box. Enter the quantity of Ripple (XRP) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be asked for verfication via phone/email before a take off.