Ripple XRP is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP(ripples).
Released in 2012, Ripple XRP purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”
It supports tokens representing fiat currency. This seems to be the one to look out for in 2018, with large companies such as Amex, Visa, The bank Santander and some large Japanese credit card companies all signed on to test Ripple in the New Year the price can only really go one way, and that’s UP.
To buy Ripple (XRP) we found the best way is to open a Coinbase Wallet if you haven’t already got one. Coinbase is a secure online wallet that is actually insured against any cyber hacking. For signing up you will get $10 for free to change into whichever Crypto Currency you want. Just click on the link above or the image below to get yourself a Coinbase wallet.
Once you have signed up to Coinbase you will then need to sign up for Binance, an exchange where you can buy Ripple (XRP). Signing up to Binance again is very easy, just click on the image below to sign up.
Now you are signed up to both of these you are half way there, its seems complicated but it’s actually not too bad.
1 – Firstly deposit some money into Coinbase via a debit or credit card. Once your money is in Coinbase you can then buy either Bitcoin or Ethereum. I prefer Ethereum as the transfer rates are smaller and it’s quicker through the Blockchain. You can also transfer Litecoin to Binance but you would then need to exchange it for BTC or ETH in binance as these are the only two coin you can trade with Tron or Verge.
2 – Once you have your Ethereum or Bitcoin you need to log into Binance and click on your estimated value icon, top right of the screen, this shows all the coins that Binance offer and how much you have of them.
3 – Go down to Ethereum and click Deposit, this will then give you your own personal Ethereum deposit code, like below. Make sure you use the code it gives you and click copy.
4 – Go back into Coinbase, click on Accounts along the top menus. This then gives you a list of all the Coins in your wallet and again how much you own of each. Go to your Ethereum wallet and click on the button that says send. On the next screen you input your address that you have copied from Binance as the address to send to and type in how much Ethereum you would like to send.
5 – Click send…..It will probably take an hour or so depending on how busy the networks are but you will receive an email from Binance once your Ethereum has been deposed into your Binance account.
6 – Now you have received your Ethereum you need to click on the exchange button, top left of the screen on Binance, best to use the basic one. Once you have gone to the exchange page at the top right hand corner select ETH for Ethereum and type XRP into the search box. Now click on what appears underneath – XRP/ETH.
7 – You are now ready to buy. Binance allows you to select 25% / 50% / 75% / 100% of your Ethereum to use in the purchase, so select which you want. Select Market so you get the current market value as it is at that second and then click BUY XRP and your done. you can also select Limit which allows you to set a price you want to buy at.
8 – If you are using Market value you may find that it comes up with an unsuccessful message, that is because the market is updating every second so you need to keep hitting the 100% button underneath so it updates how many Tron you are buying should the price have changed.
9 – You are now the proud owner of Ripple (XRP)
It seems quite hard to get your head around but it’s not actually that bad. Essentially as Binance can’t take credit card you are buying your coin in Coinbase and transferring an amount to Binance. You then exchange for the other coin of your choice. You can keep your coins in Binance or download to a Ledger Nano or something similar, this is the safest way to store them. You can buy below for the cheap price of €58.
I can not be held responsible for viruses, misuse of your computer or any problems that arise from the information I have given on this website or any websites that I link to. You are doing this at your own risk and should have good anti-virus software running, only invest what you can afford to invest as there is a good chance you may lose your money.