Ripple (XRP) is one of the hottest cryptocurrencies out there right now. Founded in 2012, they have a long history with banks and institutions. And as of the writing of this article, they are the 3rd biggest cryptocurrency in the world, growing over 10,000% this year alone. And word on the street is, they will get added on Coinbase sooner rather than later. And if that happens, expect price to surge even more.
But you don't want to wait for Coinbase to add Ripple (XRP) for you to get in on the action. If you get Ripple by the time it is added to Coinbase, you will be too late. See Bitcoin Cash as an example of laggards getting destroyed. So if you don't want to get Ripple at a great price for its spike, buy it before Coinbase adds it.
Unfortunately, you are unable to buy Ripple (XRP) with fiat currency yet (ex, US Dollar). But it is still pretty easy to get it. This tutorial will show you how with Binance.
Why Binance? Because they are the #1 exchange in the world (by volume) and you can start buying it right away without having to send verification documents. You may have to wait up to weeks if you sign up at other exchanges. By then, it might be too late.
You can scroll through this article and we've also provided quick navigation for you. But keep this article open during the process to ensure you are doing everything correctly.
In this tutorial, we are showing how to send your bitcoin from Coinbase to Binance. However, if you have your bitcoin elsewhere, it's the same process. You are sending your bitcoin to Binance in order to get Ripple. The user interface is just different on different sites.
***This is important: If this is your first time buying an alt coin, please keep this page open as you go through the steps to buying XRP. Although it is easy, it is always a good idea to follow the exact steps to ensure you are doing everything right***
1. Sign up for a Coinbase account here. If you already have a Coinbase account, skip to step 2.
2. Buy (a fraction of 1) bitcoin from Coinbase. If you already have bitcoin, skip to step 3.
Go to coinbase.com/buy and choose your payment source. If you use a credit card, the fees are extremely expensive. It is better to link your account to Coinbase to buy bitcoin. You don't have to buy one whole bitcoin. You can buy .01 bitcoins if you want.
3. Sign up for Binance by following the image instructions below
After signing up, they will send you an e-mail to confirm. And the best thing about Binance is that you don't have to wait for identity verification to start trading. You get to do it right away after you send your bitcoin there.
a. Go to Deposit Withdrawal on Binance
b. Search for bitcoin on the next row by searching for typing in btc in the search bar. Then hit the deposit button. Then copy the wallet address (#3 in the image below)
4. Now go back to Coinbase to send your bitcoin
Click on Accounts (#1) and then Send (#2) under bitcoin
5.Paste your Binance wallet address into the bitcoin field under Recipient
Double-check your Binance address to make sure that you are sending it to the correct address.
6. Once your bitcoin arrives, you can now trade.
a. Go back to Binance and click on Exchange and go to Basic
b. Type in the XRP in the search field. And then click on XRP/BTC when it appears
That's it! It's that easy. You probably have to wait 2-3 hours for your bitcoin to arrive in Binance. But once it is there, it's ready to go.