How to buy XRP

In this guide I will explain how you buy Ripple. To do this we are going to use two exchanges, Coinbase and Binance.

Step 1 (disregard this step if you already have a Coinbase account with linked a payment method)

  • Coinbase

    Based in USA, Coinbase is one of the biggest exchanges on the market, it is a very friendly looking exchange, easy to understand and to start investing in crypto.

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First thing you have to do is to sign up and create a Coinbase account. You will have to verify your identity before you can start buying or selling and I recommend you doing this with your passport. If you try to verify using your ID it might be declined as its harder for Coinbase to verify if its a real ID.

Together with Coinbase we can offer new customers $10 in BTC if you deposit a minimum of $100.

Step 2

After you are done signing up and verifying your account you have to either connect your bank account or credit card. You will have to add you bank account sometime anyway because if you want to sell your BTC and take the money out in FIAT, you are going to transfer the money to your bank account.  

Step 3

When you have added a payment method and money to your Coinbase account, press “Buy/Sell”. After that you are going to press Buy, choose BTC and payment method. Enter the amount of BTC or EUR/USD you want to buy XRP for. Press “Buy Bitcoin Instantly” and you are good to go. Now you can find your Bitcoins in your portfolio.

Step 4

  • Binance

    Based in Hong Kong, Binance is a large exchange who offers over 100+ alternative cryptocurrencies for trading.

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Create a Binance account. Its free and you dont have to verify your identity. 

Step 5

Now you are going to transfer the BTC from Coinbase to Binance. To do this you have to first log into your Binance account, press “Funds” and then “Deposit”. After you have done that you can see a list on the left side, find Bitcoin and select it. Press “Copy Adress” and head to your Coinbase account.

Step 6

Once you login to your Coinbase Account, press “Accounts”, then you have to press the “Send” button under your Bitcoin Wallet. Enter your Binance Bitcoin adress that you copied earlier. Enter the amount of Bitcoin you want to send to your Binance account (the amount you want to buy XRP for). Press “Continue” and follow the steps from there. 

If you type in the wrong Bitcoin adress you might loose the Bitcoins, so i recommend you to double check the Binance Bitcoin deposit adress.

Step 7

Now when you have your Bitcoins on Binance, you are going to buy XRP, todo this, press “Exchange” and then “Basic”. On the right side you can see alot of different trading pairs. Press on BTC and then use the search field and type in “XRP”, select “XRP” and the trading pair XRP/BTC. Head to the middle of the website and you should see the options Buy XRP, Sell XRP. In the Buy XRP section, enter the amount of XRP you want to buy. If you want to buy XRP for 100% of your BTC balance hit 100%. After that, press “Buy XRP”, and you are done, welcome to the XRP family!