A Step-by-Step-Guide on how to buy Ripple (XRP) in Timor-Leste
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Ripple (XRP) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (XRP) Ripple As soon as your deposit has been confirmed, you'll directly have access to your assets and you can start purchasing and trading. To buy Ripple (XRP) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to spot (XRP) Ripple, you will need to insert the shortname of the coin (XRP) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “XRP/BTC” to continue.
Step 4 – Buy Ripple (XRP) Once you've located Ripple (XRP), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The “Price” field will be automatically filled with the latest price (XRP) Ripple was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of XRP you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of XRP. If you're glad, click on “Buy XRP”. Your plan will be filled when a Vender trades their XRP for the price you introduced.
Step 5 – Withdraw Ripple (XRP) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive period of time. To withdraw your Ripple (XRP), go to the tab called “Funds” and mouse click on “Withdraw”. (XRP) Ripple 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 quantity of (XRP) Ripple you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.