How to invest in XRP Ripple, since you can't access it on Coinbase.
How to invest in XRP Ripple, since your can't access it on Coinbase.
In addition this will allow your to be verified fastest usually in 2-4 hours.
Step 1: Create a Coinbase Account.
You're going to need to first create a Coinbase account. It's easier to do this via the web. so go to www.coinbase.com and create an account. As you are creating this account a few things to be aware of.
- Store your login, password, and 2 Authentication password information in a safe place. I recommend printing these or writing them down by hand. - ** These should NOT be electronically transferred for safety and hackers
Step 2: Download Google Authenticator
There is a section that says 2 step Authentication - now as a NOOB i was a bit thrown off by this as its not too standard for me. But its really easy, this is a live updating password generator that can be added on your smart phone as an app. You just need a google/gmail account.
NOTE: That this authenticator will assist you in logging into both Coinbase and the other platform Binance so you can use 1 app for both authentications using both websites as you flip between the two as you are determining the buy/sell of Crypto Currencies.
To access this app - on android go to https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en
To Access this app - on iphone go to https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8
Step 3: Create a Binance Account
This is where you are able to purchase XRP - Ripple as well as other Crypto's. I liked this option the best as it allows a minimal verification step and you are able to quickly buy XRP - Ripple quickly without having to wait many days to be verified.
You can access Binance here to get started Click Here
- You can add additional ID credentials to increase your purchasing power. I sent Passport and Drivers License. Both were verified within 24 hours.
- Now my friends had fast luck with places like Kraken and Bitstamp. Unfortunately for me since there is so much hype about crypto currencies now, both still after a 8 days of submitting have yet to verify and approve me so I went with Binance until the other places like coinbase can catch up, Binance will work great.
- Note: I can sympathize with you about the uncertainty of using a chinese website while in the States or UK but i can assure you it is quite secure and really easy to use.
- Select Register on the right
Step 4: Buy some BTC, ETH, or LTC
- In order to purchase XRP you need to have a crypto currency to purchase it with. So in your Coinbase account buy one of the 3 options.
- It has been said that buying either ETH or LTC is better with transaction fees. I know i have been buying BTC and the transfer fee to binance is about $16 USD.
Step 5: Transferring your BTC, ETH, or LTC to Binance
- Open up your Binance.com account.
- Access Top Navigation: Funds > Deposits Withdrawals
- Scroll the list and look for the similar currency you purchased from Coinbase. For this example were using BTC.
- Scroll through the list to find BTC / Bitcoin and you will see two buttons. Deposit and Withdrawal. Select Deposit.
- On click - a drop down appears and a BTC Deposit Address appears in a window. -THIS IS YOURS!
- Important - This is the deposit address you will use to send yourself your coinbase BTC, ETH, LTC to your account in binance.
- Be sure this address is correct. There is NO turning back. - IMPORTANT Binance states: Send only BTC to this deposit address. Sending any other currency to this address may result in the loss of your deposit.
- I was a bit scared at first but it takes about 10 minutes to appear in your binance account so dont worry.
- Go back into Coinbase
- Select Accounts > Send
- Note you are going to be copying and pasting the BTC Deposit Address you copied from Binance.
- Enter the BTC Deposit Address you copied from Binance here.
- Note: Some crypto's in Binance require as stated additional information, tags etc, follow Binance's rules to do this, and place the additional information in the NOTE section below.
- Press Continue. now go grab a drink from the fridge and make a sandwich. Its going to take 10-20 minutes for the transaction to go through.
Step 6: HOOORAY LETS BUY SOME XRP - RIPPLE
- Now that you have updated your binance account after 10 - 20mins it should display your BTC or crypto currency in the section labeled Deposits and Withdrawals.
- Access this by Selecting Funds > Deposits and Withdrawals
- Note: there is a bit offset for the transaction transfer for fees.
- Select Exchange > Basic
Hopefully this made sense. If you appreciate the walk through tutorial I would appreciate some votes for me and if you have any questions feel free to reach out or post
I know when i asked friends and around i got limited "HOW TO" advice on how to do it. This now after my first week of using it is quite easy and now like brushing your teeth.
Thanks so much and upvote my post please!
Hi
This post has been upvoted from me :)
If you like what I'm doing please upvote this comment so I can continue to support accounts like yours.
awesome thanks!
Okay so we did do it today and ETH or LTC is going to be the way to go for less transaction fees. just letting you know guys!
Great post.
Resteeming this steaming pile of words!
sweet! Thanks @lastunts