A Step-by-Step-Guide on how to buy Ripple (XRP) in Nigeria
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Ripple (XRP) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate (XRP) Ripple As soon as your deposit has been confirmed, you'll directly have access to your funds and you can initiate purchasing and trading. To buy Ripple (XRP) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (XRP) Ripple, you will need to put the shortname of the coin (XRP) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “XRP/BTC” to go on.
Step 4 – Acquisition of (XRP) Ripple As soon as you've spotted Ripple (XRP), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're creating our own Limit Order. The “Price” field will be filled with the most recent price (XRP) Ripple was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of XRP you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of XRP. When you are happy, make a mouse click on “Buy XRP”. Your plan will be filled as soon as a Vendor trades their XRP for the price you submitted.
Step 5 – Withdraw Ripple (XRP) Unless you're frequently trading, you should never keepyour crypto coins on an Exchange for an longer period of time. To take off your Ripple (XRP), hover over the tab called “Funds” 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. Drop in the quantity of (XRP) Ripple you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You may be asked for email/phone verification ahead of a take off.