A Step-by-Step-Guide on how to buy Ripple (XRP) in Uruguay
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your welcome $10.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need 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're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Ripple (XRP) Once your deposit has been approved, you will now have access to your assets and you can start purchasing and trading. To invest in Ripple (XRP) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To find Ripple (XRP), you will need to put the short name of the asset (XRP) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we have highlighted this too. Click on “XRP/BTC” to advance.
Step 4 – Purchasing 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 (Leftside of the image). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the latest tariff (XRP) Ripple was traded for. You can change this to your desired price. The “Amount” field is the volumen of XRP you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of XRP. If you're glad, click on “Buy XRP”. Your plan will be filled when a Vendor trades their XRP for the price you offered.
Step 5 – Withdraw (XRP) Ripple Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to withdraw your Ripple (XRP), go to the tab called “Funds” and mouse click on “Withdraw”. (XRP) Ripple can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ripple (XRP) by using the given drop-down box. Put into the quantity of (XRP) Ripple you'd like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You may be asked for email/phone verification before a take off.