A Step-by-Step-Guide on how to buy Ripple (XRP) in Uganda
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get your first 10 Dollar.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Ripple (XRP) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Ripple (XRP) Once your deposit has been verified, you'll instantly have access to your finances and you can launch buying and trading. To invest in (XRP) Ripple on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate (XRP) Ripple, you'll need to put the cointype (XRP) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we have highlighted this also. Click on “XRP/BTC” to go on.
Step 4 – Buy Ripple (XRP) As soon as you have located (XRP) Ripple, 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 are creating our 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 desired price. The “Amount” field is the amount of XRP you wish to purchase. The “Total” field is the total price in BTC that you'll settle for the complete amount of XRP. If you are satisfied, make a mouse click on “Buy XRP”. Your order will be filled when a Seller sells their XRP for the price you introduced.
Step 5 – Withdraw Ripple (XRP) Unless you are regularly trading, never keep your coins on an Crypto Trader for an extensive time frame. In order to withdraw your (XRP) Ripple, go to the tab called “Funds” and mouse click on “Withdraw”. Ripple (XRP) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XRP) Ripple by using the given drop-down box. Enter the quantity of (XRP) Ripple you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.