It seems as if everyone is jumping onto the crypto train and you probably feel that it's time for you too to be a part of a future that's still therefore young, yet therefore promising. Or maybe you've been in this area longer than some of us – however, whatever the reason for you being a part of this, you sure have created one of the best investment decisions of your life.
Even with all the craze resulting in the emergence of latest coins every, and each day, very few manage to stand out from the crowd. Ripple is one such coin and has grown to become one of the hottest coin alternatives within the cryptocurrency market nowadays. However growth aside, however precisely do you purchase Ripple, and even a lot of importantly, is it possible to do therefore on Coinbase?
There have been several controversies regarding where you'll and can't purchase this coin, and in this guide, we will set the record straight on a few things regarding shopping for Ripple, including how to buy Ripple on Coinbase.
Create an account on Coinbase, where you may choose to purchase either Bitcoin or Ethereum, that you may use to acquire Ripple. You'll need to deposit funds into your Coinbase account to be ready to buy the coins you need, and once that's done, you need to head over to Binance.
Binance is an excellent place to buy a couple of cryptos, and it's very simple to set up. You'll need to sign-up by providing an email address and a password. Once you're done signing up, you'll go to 'Funds' and so 'Deposits and Withdrawals'.
If you bought Bitcoin on Coinbase, you'd need to transfer that to Binance. This could be done by writing within the search bar of the Binance platform the initials 'BTC' and Bitcoin will be filtered out. Click on the 'Deposit' icon under Bitcoin then copy the address. On the Coinbase platform, choose 'Send' under Bitcoin. address space can seem where you will paste within the address copied from Binance.
You'll need to choose a quantity of Bitcoin and so click 'Send'.
Once that's done, you will receive the Bitcoins in your Binance account, where you can go ahead and exchange with Ripple coins. You'll then transfer your Ripple coins for safekeeping to an offline wallet.
How To buy Ripple on Coinbase
1. sign up to Coinbase
2. sign up to Kraken, Bittrex, Bitstamp or Binance (cryptocurrency exchanges supporting Ripple)
First, you deposit cash into Coinbase in EUR or USD. If you already have some cryptos on Coinbase, this won't be required. Then, grab the Bitcoin public address from your cryptocurrency exchange. This is the address you will use to receive Bitcoins within the future as well.
Make sure that you don't change the address within the slightest since sending Bitcoin is non-refundable and if you have one error within the code, it might send to someone else's wallet, and not yours. It's suggested to send a test quantity of $1 to create sure it's working correctly.
Once you have tested and sent over the quantity to the exchange of your choice, it's time to exchange the Litecoin, Bitcoin, Ethereum or Bitcoin cash for Ripple. And voilá, you have bought Ripple on Coinbase (sort of)!
We hope that, within the future, Coinbase adds support for Ripple so that you don't have to go through this hassle to buy Ripple on Coinbase. Even though this method may appear a bit confusing at first, it's a very easy method and usually doesn't take more than a few minutes to get done.