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How to buy XRP Tutorial on buying RippleXRP coins and trading

Date:2024-04-08 19:02:00 Channel:Wallet Read:
In today's trend of the digital currency market, Ripple (XRP), as a high-profile member, is highly sought after by investors. For those who want to get involved in this field, knowing how to buy XRP is a crucial step. This article will give you a detailed introduction to the method of purchasing XRP and a trading tutorial so that you can easily master this technique.
First, to buy XRP, you need to choose a reliable digital currency trading platform. In the current market, there are many well-known exchanges, such as Binance, Coinbase, Kraken, etc., all of which support Ripple transactions. When choosing a trading platform, in addition to paying attention to handling fees and security, you should also consider the user experience and reliability of the platform to ensure smooth transactions.

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.

Once you choose a suitable trading platform, the next step is to register an account and complete real-name authentication. This is a basic requirement for digital currency transactions and an important step to ensure the safety of your assets. During the registration process, be sure to fill in accurate personal information to avoid affecting subsequent transaction operations. After completing the real-name authentication, you can recharge RMB or US dollars to the trading platform through bank cards, Alipay, etc., and start purchasing Ripple coins.
There are several ways to buy XRP, the most common is through the trading function of an exchange platform. In the trading interface, you can enter the purchase quantity and price, confirm the transaction and wait for the transaction to be completed. In addition, you can also choose different transaction types such as market orders or limit orders, choosing according to your needs and risk appetite. During the trading process, paying attention to market conditions and price fluctuations in a timely manner and making wise trading decisions are the keys to successful trading.
In addition to purchasing directly on the exchange, you can also purchase and store through your Ripple wallet. Ripple wallets are divided into two types: hot wallets and cold wallets. The former is suitable for daily transactions and convenient access, while the latter is more suitable for long-term storage and safe custody. Choosing the right wallet can better manage and protect your XRP assets and avoid losses due to security issues.
In the process of buying XRP, it is also crucial to understand trading tutorials and tips. For example, you can avoid risks by setting take-profit and stop-loss, spread costs through fixed investment strategies, and grasp market trends through technical analysis. Mastering these skills can help you better grasp market opportunities and achieve more robust investment returns.

With the recent bull market in the currency circle, Ripple has also been pushed to the forefront. This wave of fame is not due to the astonishing rise of Ripple, but because the market value of Ripple has been surpassed by Dogecoin, from the fifth place. It fell to the 6th place in the digital currency rankings. However, as of the deadline on May 17, 2021, Ripple has regained the 5th place in the digital currency rankings with a circulating market value of US$61.813 billion. However, judging from market reaction Look, the majority of investors are still optimistic about the prospects of Ripple. Many investors in the currency circle firmly believe that the investment prospects of Ripple are bright. So, how to buy Ripple? Below, the editor of the currency circle has compiled a tutorial on buying and trading Ripple/XRP coins for investors’ reference.

## How to buy Ripple?

By conducting transactions, you can do spot transactions or futures transactions. Register a digital currency trading platform that supports the purchase of Ripple coins. Today, the editor of Coin Circle will use an example to introduce how to purchase Ripple coins for investors. The steps are as follows:

1\. Open the official website of OKX Exchange, click the [ ] button on the upper right side of the page to enter the registration page, and enter your email address on the homepage.

2\. Slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes.

3. Then enter your mobile phone number and click "Verify Now"

4. Enter the six-digit verification code received on your mobile phone, which is also valid for 10 minutes.

5. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

6. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, and 1 symbol, such as:! @ # $ % and other conditions

7. After completing the account registration, verify your identity (KYC verification) before you can conduct transactions. Click [Personal Center] - [Identity Authentication] in the upper right corner of the page to enter the identity authentication page, and follow the page prompts to complete LV.1 basic authentication, LV .2 Advanced Certification and LV.3 Video Certification.

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.

8. After completing the identity authentication, you can conduct transactions. Click "Transaction" - "Basic Transaction" on the homepage to enter the transaction page.

9. Search for XRP, the abbreviation of Ripple. Click on the XRP/USDT trading pair to see the real-time XRP market price.

10. 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.

The above is an introduction to the issue of how to purchase Ripple. Finally, the editor of the currency circle would like to remind investors that in the process of investing in digital currencies, they must learn to analyze the news in depth. As we all know, a large amount of information is transmitted in the digital currency market every day. , then it is very important to conduct an in-depth analysis of this information. As a qualified investor, the most basic thing is to learn to distinguish the authenticity of the information, especially some half-true and half-false information is very misleading, and sometimes even A piece of news will directly affect the directional judgment of the market.

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