How Buy Ripple With USD and EUR

23 Jul 2018

In 2017, the Ripple cryptocurrency has turned a lot of heads, especially on the price charts! Increasing in value several times over since the beginning of the year and making several partnerships with banks throughout the world. Most Recently, Ripple has also committed to “locking” 55Billion of their tokens in a special escrow contract.

As Ripple’s popularity grows, it becomes easier to buy it with fiat. Several exchanges have added trading pairs for Ripple, most recently Kraken. However, this guide will teach you how to buy XRP using the Bitstamp platform. So, let’s get to it!

Part 1 - Create an account with Bitstamp

Step 1: Click here to go to Bitstamp
Step 2: Click “Open Account

Step 3: Enter your personal details, agree to the terms and conditions and click “Register

Step 4: You’ll be sent an email with your login details, ID and password. Use these to login

Step 5: Go back to Bitstamp and click “Login

Step 6: Enter your ID and password and click “Login

Step 7: You’ll be prompt to change the password for security reasons. Enter the current password, the new password, confirm the new password and click “Change Password

Part 2 - Verify your account

Step 1: Scroll down a bit and click “Verify Account

Step 2: Now, enter your personal information and scroll down

Step 3: Confirm if you’re a US citizen and continue (Yes or No)

Step 4: Now, we need to upload our ID, front and back. To do so, click “Choose file” and upload your images

Step 5: Fill in the correct info on the ID you’ve just uploaded

Step 6: Upload proof of your address like a bank statement or utility bill

Step 7: Lastly, click "Submit Verification Request"

This process may take a while and Bitstamp will inform you once it’s done.

Part 3 - Deposit USD

Step 1: Now that your account has been verified, we’ll need to deposit USD or EUR. Click “Deposit

Step 2: Choose your deposit method

Step 3: Enter your information and click “Deposit

Step 4: and follow the instructions provided by Bitstamp

Part 4 - Buy Ripple (XRP)

Now that you have fiat in your account, it’s time to buy some Ripple (XRP).

Step 1: Click “Buy/Sell

Step 2: Choose your preferred pair in the left upper corner. We’re going with XRP/USD

Now, you can choose to do an instant order or to choose any other from the list on the left corner. For simplicity sake, we’re choosing the instant order which means that we’re going to take a sell order that has already been created. However, you can also choose to create your buy order in “Limit Order”

 

Step 3: Choose whether you want to buy or sell XRP. We want to buy in this case so click "Buy XRP".

Step 4: Enter the amount you want to buy

Step 5: Click “Buy XRP

Well done! Let’s see how the “Limit Order” works!
Step 6: Click “Limit Order

Step 7: Enter the amount of XRP you want to buy

Step 8: Choose the price (you can check the order book below)

Step 9: Click “Buy XRP

Well, you have now learned how to buy XRP! It’s pretty simple. If you want to sell it, just select “Sell” instead of buy on the Instant Buy page or fill out the buy tab (and not the sell tab) on the Limit Order page.

Alternatively, you can also mine other coins or you can also try buying a cloud mining contract with Hashflare or Genesis Mining. You can use the profits to buy XRP since Ripple itself can't be mined.

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