A Step-by-Step-Guide on how to buy sXRP (SXRP)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. sXRP (SXRP) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find sXRP (SXRP) Once your deposit has been verified, you'll directly have access to your assets and you can launch buying and trading. To invest in (SXRP) sXRP on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find sXRP (SXRP), you will need to insert the shortname of the coin (SXRP) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this also. Click on “SXRP/BTC” to go on.
Step 4 – Purchasing (SXRP) sXRP Once you have found (SXRP) sXRP, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The “Price” field will be filled automatically with the latest valuation (SXRP) sXRP was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of SXRP you wish to buy. The “Total” field is the total price in BTC that you will pay for the complete volumen of SXRP. If you are happy, click on “Buy SXRP”. Your order will be filled when a Vendor trades their SXRP for the price you gave.
Step 5 – Withdraw (SXRP) sXRP Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. To take off your (SXRP) sXRP, hover over the tab called “Funds” and mouse click on “Withdraw”. sXRP (SXRP) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate sXRP (SXRP) by using the given drop-down box. Drop in the quantity of sXRP (SXRP) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.