Ripple is a famous cryptocurrency. Ripple is created to simplify day to day transactions, especially for banks. With traditional currencies, there are many limitations to transactions. As we know banks cant transfer any amount on weekends and holidays. But the market needs constant cash flow, to overcome this issue some banks came up with a concept of their own cryptocurrency. With Ripple banks can interchange funds irrespective of holidays.
What Is Coinbase-
Coinbase is a global digital asset exchange company, which gives a platform to trade cryptocurrencies like Bitcoin and Ripple. If a person wants to buy or sell a digital currency, a platform is needed to trade. Coinbase provide a platform to a person who wants to trade in cryptocurrency. Coinbase is a reliable platform for Bitcoin trading, you can easily estimate the trust factor of coinbase because it is trusted by over 10 million customers and executed the exchange over 50 Billion USD.
How to buy Ripple on Binance from Coinbase:
You must have some worth of Bitcoin, Ethereum or Litecoin to exchange for Ripple. Therefore you have to learn how to buy Ripple on binance with bitcoin. If you don’t have any of cryptocurrencies as mentioned above. You can buy Bitcoin with fiat money. There are multiple options to buy Bitcoins and other cryptocurrencies. If you are new to cryptocurrency trading you must follow below steps to exchange
Step1- Create an account on Binance exchange
To open an account on Binance go to the official site and click on “Register” tab.
Step2- Verify your account
Fill the details in the form open on clicking Register tab. For added security and to remain anonymous you can try temporary email service.
Step3- Send some cryptos to Binance
After logging in, You need to find “Funds” tab and click it. After clicking on “funds” a list of options will open find “Deposit” option and click on it.
Step4- Select a cryptocurrency to deposit
When you click on the drop-down a list of cryptocurrency will open, choose desired crypto to deposit. If you select Bitcoin, “Total balance Bitcoins”, “Bitcoins in order” and Remaining bitcoins will appear in a box along with a BTC deposit address will be generated which is used to generate wallet address.
Step5- Generate a wallet address
Copy the generated wallet address code, copy the wallet address code and go to the wallet you used earlier and send the wallet address generated by Binance. After transferring the BTC, you should wait for a minute for the transferred BTC to reflect in your wallet and confirmation.
Step-6 How to buy Ripple with Bitcoin on Binance
After performing all the steps mentioned above you can buy Ripple by following these steps
After getting confirmation of BTC transfer look for the “Exchange” link click on it and select “Basic” option. Wait for the “basic” page fully loaded. Select the crypto pair you want to exchange between. You can find this section on the upper right corner of the page. For exchange Bitcoin to Ripple choose BTC/XRP.
Find the “limit” tab under the BTS/XRP price chart. Make sure limit tab is active, Set the price on which you want to buy Ripple and you can set the percentage of amount you want to spend from your fund. Now click the buy button.