Overview
1. Sign up for Coinbase and buy Bitcoin.
2. Sign up for Binance.
3. Send your Bitcoin from Coinbase to Binance.
4. On Binance, exchange your Bitcoin[1] for XRP[2].
Step by Step
1. Sign up for Coinbase
·
Go to Coinbase and sign up. You’ll need to
verify your email, phone number, and bank account.
·
Then, go to Coinbase.com/buy. After choosing your payment
source and how much you want to buy, click Buy Bitcoin.
2. Sign up for Binance
·
Go to Binance and
sign up for an account.
·
Verify your email.
3. Send Bitcoin from Coinbase to Binance
·
Log in to your Binance
account.
·
On the top of the
screen, hover over Funds and click Deposits
Withdrawals.
·
One the next page, you
will see many rows of cryptocurrencies. Find the Bitcoin row
and click the corresponding deposit button.
·
Now, go to Coinbase.com/accounts and
click “Send” under your Bitcoin wallet.
·
Paste your BTC
Deposit Address (which you just copied from Binance) in the Enter
a BTC Address field.
·
Enter your desired
send amount, and press Continue to send your Bitcoin to
Binance.
·
To see whether this
transaction has completed, go to Binance Transaction History. It can take 1–3
minutes for the transaction to appear, and 10–30 minutes for it to be fully
confirmed.
4. On Binance, exchange your Bitcoin for XRP
·
Go to Binance’s
BTC–XRP exchange: www.binance.com/trade.html?symbol=XRP_BTC (P.S.
This page may look complicated. Hang in there!)
·
In the middle of the
page you will see a chart. Just below the chart, there is an interface (below).
If Limit is selected, then click Market.
·
After the Market tab
is selected, click 100% (this means “convert allof the Bitcoin in
my Binance account into XRP”).
·
Then click Buy
XRP.
·
To view your newly
purchased XRP, go back to the Deposits/Withdrawals page on Binance.