The Ripple (XRP) is one of the rising currencies of the cryptocurrency scene, it allows among other things to secure payments and especially to transfer them in record time unlike Bitcoin (BTC). It should be added that there is no limit of Ripple (XRP) and that the fees are almost nonexistent.
Deposit money on Binance
To be able to buy your XRP, you must have another cryptocurrency to spend in exchange. Indeed, on Binance, you cannot deposit fiat currency like the euro or the dollar; it is a crypto / crypto exchange. Go to the next step if you have already made your first deposit or know how.
If this is the first time you buy a cryptocurrency, you must start with a platform that accepts the euro, such as Coinbase or Kraken. This is how to buy ripple directly with Euros by Kraken. If you prefer to use Coinbase , it is advised you to buy Ethereum and transfer them to Binance.
To deposit a cryptocurrency on Binance , place your cursor at the top, on the ” Funds ” tab . A second menu will then appear, click on “Deposits “.
Then, indicate the symbol or the name of the corner you wish to deposit. If this cryptocurrency is available on Binance, it should appear, and then click on it. All you have to do is copy the receiving address. Then paste this address on the site where are currently present your crypto-active.
To see if a deposit is in progress or has been made, visit the Binance Deposit page. All you have to do is waiting until the transaction is visible and confirmed, then you can spend your coins.
Buy XRP on Binance
On Binance, it is possible to buy Ripples (XRP) for BTC, ETH, BNB or USDT. If you have another cryptocurrency, sell it for bitcoins, and use them to buy XRP. Step one: In the right window, select the cryptocurrency with which you want to buy. Then, enter “XRP” and click on the pair that is proposed to you.
The purchase page is then displayed, click on the “Market” button to buy automatically at the market price. Then enter the number of XRP tokens you want to buy, and then, finally, click the “Buy XRP” button.
And now, when you clicked on the Buy button, the XRPs arrived on your Binance account.
Secure your XRP
As we explained in the article Is it dangerous to leave its corners on an exchange? it is never advisable to leave one’s corners on an exchange platform. Thus, if you count hold, that is to say, keep your XRP for a long period of time, it is recommended that you transfer them to a wallet. Alternatively, you can use GateHub , the most used online wallet to manage your Ripples.