How to Buy Ripple (XRP) in Slovakia

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

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto 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 example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the correct coin you would like to deposit.

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

Step 3 – Locate Ripple (XRP)

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

In order to discover Ripple (XRP), you will need to put the cointype (XRP) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “XRP/BTC” to advance.

Step 4 – Buying Ripple (XRP)

After you have located (XRP) Ripple, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our Limit Order.

The “Price” field will be filled with the recent valuation (XRP) Ripple was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of XRP you like to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of XRP.

If 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, never keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your (XRP) Ripple, go to the tab called “Funds” and mouse click on “Withdraw”. Ripple (XRP) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Ripple (XRP) by using the given drop-down box. Drop in the quantity of Ripple (XRP) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Kudos! You've successfully purchased and stored (XRP) Ripple in Slovakia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Ripple (XRP) is safe in your wallet, you are all done.