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How to buy RippleXRP coins in China Tutorial on how to buy Rip

Date:2024-04-08 18:59:49 Channel:Exchange Read:
In today's digital currency craze, Ripple (XRP), as one of the most watched cryptocurrencies, has attracted more and more investors. For newbies, how to buy XRP in China has become a hot topic. This article will give you a detailed introduction to a complete set of tutorials on how to buy XRP for newbies, allowing you to easily get started in the world of digital currency trading.
First, to buy XRP, you need to register an account on a digital currency exchange. In China, some well-known digital currency exchanges such as Huobi and Binance provide services for purchasing Ripple coins. The process of registering an account is usually simple. You only need to provide basic information such as email address and mobile phone number, and you can start trading after completing identity verification.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

After registration is completed, top up RMB in your exchange account. Most digital currency exchanges support recharge through bank cards, Alipay, etc. After the deposit is complete, you can start buying XRP coins. Find the trading pair corresponding to Ripple on the exchange's trading interface, enter the purchase quantity and price, and confirm the transaction to complete the purchase.
In addition, in order to ensure the security of the transaction, it is recommended that you withdraw the purchased Ripple coins to your own digital currency wallet after the transaction is completed. Digital currency wallets are divided into hot wallets and cold wallets. Hot wallets are suitable for daily transactions, while cold wallets are safer and suitable for long-term storage. Choosing a safe and reliable wallet to transfer XRP to will help keep your assets safe.
For newbies, in addition to buying XRP, it is also crucial to understand the basics of the digital currency market. Cryptocurrency prices are highly volatile and investment is risky. It is recommended that you fully understand the market and formulate a reasonable investment strategy before investing. At the same time, pay more attention to industry trends, adjust investment portfolios in a timely manner, and reduce investment risks.
When buying Ripple, you can also pay attention to some trading techniques, such as fixed investment strategies, stop-profit and stop-loss, etc. The fixed investment strategy refers to the regular fixed amount purchase of digital currencies, which can diversify investment risks and reduce the impact of market fluctuations. Stop-profit and stop-loss are to set profit and loss thresholds in transactions to help you control risks and stop losses and profits in a timely manner.

Before answering this question, the editor of the currency circle will first tell you about the general situation of Ripple. With a market value of 12.498 billion, Ripple is firmly ranked third in the market value list. The current circulation volume has reached 43.685 billion, and the 24-hour transaction volume has reached 2.97 billion US dollars. , it can be seen from these data that Ripple already has a place in the currency circle. So, how does China buy Ripple/XRP coins? In response to this problem, the editor of the currency circle has compiled a tutorial on how to buy Ripple coins for novices for investors' reference.

## Tutorial on how to buy Ripple coins for newbies:

By conducting transactions, you can do spot transactions or futures transactions. Proceed as follows:

1. Open the OKX official website and click [ ] on the right side of the homepage to enter the registration page.

2. Select a mobile phone number to register on the registration page, enter the mobile phone number and password and click [Register] (Note: Since registration using email requires binding a mobile phone number, it is recommended to use a mobile phone number to register)

3. Verify your identity (KYC verification) before you can conduct transactions. Click [Personal Center] - [Identity Authentication] on the homepage for identity authentication.

Precautions:

(1) The higher the certification level, the easier it is to match better merchants and more favorable prices when conducting legal currency transactions.

(2) The official website cannot perform LV.3 video certification. Please download the Ouyi APP to complete the certification.

4. After completing the identity authentication, you can proceed with the transaction. Click Transaction-Basic Transaction on the homepage. Enter the transaction page

5. Search for XRP, the abbreviation of Ripple, and click on the XRP/USDT trading pair to see the real-time price of XRP.

6. Fill in the XRP purchase quantity, and note that the minimum purchase quantity is 1 XRP.

## What is the investment value of Ripple?

1. Bitcoin 99 Degrees’ Comments on the Prospects of XRP Coin

Ripple is mainly used for cross-border payments. As an old currency, it has been tested by the market. It has fast transactions and almost zero handling fees. It has also been recognized and supported by many traditional financial institutions. However, Ripple also has many shortcomings. For example, Ripple’s algorithm is too It is centralized, easy to be manipulated, and has a single application scenario, mainly payment. In fact, Ripple does not have an absolute advantage in the blockchain network that can currently pay. Moreover, Ripple’s positions are overly concentrated, and a large number of coins are in the hands of a few people. The company still has There are a large number of coins in hand. Based on the inherent value of Ripple, it is not worth holding for a long time. From an investment perspective, I can only give 5 points.

2. Doudou’s comments on the prospects of XRP currency

There is no transparent and open operating mechanism, no direction for technological development, and no large-scale community participation. It only exists as game currency in the hands of monopolies. Eventually it became the bottom line of the group's hype. The contribution to the blockchain world is minimal.

Therefore, it is difficult to serve as a value transmission tool in the blockchain world. Eventually it became the bottom of the hype. And good for nothing.

3. Zhengxin’s comments on the prospects of XRP currency

The issuance of Ripple coins is 100 billion, and the market circulation is 33.9 billion. 22 billion will be used for market adjustment, and 40 billion will be released to the market. With the promotion of Ripple protocol,
With the continuous participation of banks and other financial institutions, Ripple’s status as a financial currency is becoming more and more stable.

Ripple (XRP), as the winner of the increase in 2017, fully demonstrates that this currency is not empty and is worth investing in.

Through the above introduction, I believe everyone has an understanding of the process of purchasing Ripple coins. The editor of the currency circle reminds investors that they must not take out loans or borrow money to purchase Ripple coins. If they do not have enough funds to invest in Ripple coins, they can wait and learn first. As we all know, one of the most important rules when investing is to invest with funds that are not necessary for the future. At the same time, if you do not understand Ripple, do not invest blindly, otherwise investors will easily lose money, and in serious cases, they will lose everything. If you want to know more relevant knowledge, you can follow the currency circle. The editor of the currency circle will continue to update relevant reports in the future!

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