How to Buy Ripple (XRP) in Mongolia

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

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your welcome 10$.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Ripple (XRP) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find Ripple (XRP)

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

In order to discover (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 choosen the right pairing, we've marked this also. Click on “XRP/BTC” to go on.

Step 4 – Purchasing (XRP) Ripple

Once you have spotted (XRP) Ripple, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation (XRP) Ripple was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of XRP you want to purchase. The “Total” field is the total price in BTC that you will pay for the complete quantity of XRP.

If you are happy, make a mouse click on “Buy XRP”. Your order will be filled as soon as a Seller trades their XRP for the price you offered.

Step 5 – Withdraw (XRP) Ripple

Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your (XRP) Ripple, go to the “Funds” tab and mouse click on “Withdraw”. (XRP) Ripple can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (XRP) Ripple by using the given drop-down box. Put into the volumen of (XRP) Ripple you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.

Congratulations! You've successfully bought and stored (XRP) Ripple in Mongolia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Ripple (XRP) is safe inside your wallet, you're all done.