How to Buy Ripple (XRP) in Luxembourg

A Step-by-Step-Guide on how to buy Ripple (XRP) in Luxembourg

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your Funds to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Ripple (XRP) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Ripple (XRP)

As soon as your deposit has been affirmed, you will directly have access to your assets and you can commence purchasing and trading. To purchase Ripple (XRP) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

In order to find Ripple (XRP), you will need to put the shortname of the coin (XRP) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we have highlighted this also. Click on “XRP/BTC” to go ahead.

Step 4 – Acquisition of Ripple (XRP)

Once you have discovered Ripple (XRP), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff Ripple (XRP) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of XRP you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of XRP.

If you're glad, make a mouse click on “Buy XRP”. Your order will be filled when a Vendor sells their XRP for the price you submitted.

Step 5 – Withdraw Ripple (XRP)

Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To take off your Ripple (XRP), hover over the tab called “Funds” and mouse click on “Withdraw”. Ripple (XRP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XRP) Ripple by using the provided drop-down box. Put into the amount of Ripple (XRP) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you're happy, click on “Submit”. You may be asked for verfication via phone/email before a take off.

Kudos! You have successfully purchased and stored (XRP) Ripple in Luxembourg.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (XRP) Ripple is safe within your wallet, you are all done.