One of the most popular exchanges in the market is Binance. The platform launched in 2017 became a leader in the market and it offers the possibility not only to trade XRP but also a large variety of digital assets.
Some of the advantages of using Binance are its user-friendly interface and the very friendly support team that helps users solve the issues that could arise while trading cryptocurrencies.
In order to start trading through the Binance platform, you will have to create your own account. You can click in the ‘Register’ tab at the upper right corner of the screen.
You should always be sure that you are using the Binance.com platform rather than other sites. It is certainly possible to make a mistake and be scammed by hackers through a phishing scam.
Once you create an account on the Binance exchange, you will have to add funds to the account. One of the easiest ways to do so is by directly purchasing XRP through a credit card. Binance partnered with Simplex in order to offer users the possibility to acquire a wide range of virtual currencies with credit cards. You can purchase Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Litecoin (LTC) and some stablecoins.
If you purchase XRP with a credit card, they will be deposited in your account in a short period of time. You just need to check the official Binance page to understand how long it will take for your funds to be deposited.
If you have already Bitcoin or another cryptocurrency in a private wallet or other exchange and you want to buy XRP, you will have to send the funds to your Binance wallet.
In this way, you will be able to start trading cryptocurrencies, including Ripple (XRP). On the ‘Exchange’ tab, you will have to select which platform you would like to use to trade, the basic or the advanced exchange.
To start it is always recommended to use the ‘basic’ exchange. Once you open this page, you will have to type XRP in the search box and select the trading pair you want to use to exchange XRP.
It is always recommended to withdraw the XRP you purchased considering Binance doesn’t provide you with your private keys. The funds can be frozen by Binance or eventually stolen if there is a hack or an attack.