How to buy ripple on binance

Buy XRP on Binance

Luckily, there are numerous crypto exchanges from where anyone will purchase Ripple with almost next-to-no effort. However, until these days, Binance remains one of the best choices out there. Despite being one of the newer crypto exchanges on the market, Binance has created its way to the highest of the popularity charts thanks to its crypto-to-crypto exchange services, spectacular number of ICOs, professional attitude, high-quality services and options (such as 2 commerce modes – basic and advanced), also as low commerce fees.

Below, you will find a simple yet complete guide on How to buy ripple on binance.

Step 1 – Register a Binance account

To use the exchange, you'll 1st have to produce an account. The method is fairly uncomplicated. Head over to the official web site and click the "Register" possibility from the highest right part of the screen.

Step 2 – Verify your account (optional)

To verify your account, you must fill within the registration type. Please note that 'you're not required to verify your account if 'you're not planning to withdraw over 2 BTC daily (level 1). Level 2 permits up to 100 BTC per day, however, it needs you to upload a photo ID and wait till the team approves the verification.

Step 3 – Fund your account

To fund your account, visit the "Funds" section. Choose the "Deposits/Withdrawals" option, choose the desired cryptocurrency to deposit from the drop-down menu. Click "Deposit" button next to it and use the provided wallet address to finish the method by sending the funds at the specified address. The confirmation time for this method varies depending on the coin 'you've selected. Usually, the confirmation times for many cryptocurrencies are quicker than Bitcoin, which can take a while.

Binance Fees

Regardless of your experience in crypto commerce, 'it's important to know 'Binance's fee system. Binance charges an average fee of 0,1% on every trade that you create. However, if you select to pay with the Binance Coin (the 'exchange's official token), then you get the 500th discount on all the commerce fees. The withdrawal fees tend to vary for every cryptocurrency. In 'XRP's case, the withdrawal fee is 0,25 XRP. A lot of info regarding the costs can be found on the official section.

Conclusion

Considering everything, 'that's been said, buying XRP on Binance is one of the simplest choices presently on the market. Even though Binance is a relatively new crypto exchange. 'It's one of the most secure transactions currently within the sphere it's very competitive fees and 'it's capable of process approximately 1,4 million orders every second.