Btc to xrp binance

The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases, shitcoins, and have often tried to present themselves as modified or improved versions of Bitcoin. Types of Altcoins Cryptocurrencies Cryptocurrencies are intended for payments, transmitting value akin to digital money across a decentralized network of users.

Many altcoins i. Tokens There are also blockchain-based tokens that are meant to serve a different purpose from that of money. One example could be a token issued as part of an initial coin offering ICO that represents a stake in a blockchain or decentralized finance DeFi project. If the tokens are linked to the value of the company or project, they can be called security tokens as in securities like stocks, not safety. Other tokens have a particular use case or function. Examples include Storj tokens, which allow people to share files across a decentralized network, or Namecoin, which provides decentralized Domain Name System DNS service for Internet addresses.

These are known as utility tokens. Today, while many crypto users understand and appreciate these differences, traders and lay investors may not notice the difference because all categories of tokens tend to trade on crypto exchanges in the same way. Ethereum ETH The first Bitcoin alternative on our list, Ethereum ETH , is a decentralized software platform that enables smart contracts and decentralized applications dApps to be built and run without any downtime, fraud, control, or interference from a third party.

The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling because those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.

The applications on Ethereum are run on ether, its platform-specific cryptographic token. Ether ETH is like a vehicle for moving around on the Ethereum platform and is sought mostly by developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. On Sep. PoS is less energy intensive because it removes incentivized mining, makes the blockchain more efficient, and allows it to scale better.

Ether, launched in , is currently the second-largest digital currency by market capitalization after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. Tether USDT Tether USDT was one of the first and most popular of a group of so-called stablecoins —cryptocurrencies that aim to peg their market value to a currency or other external reference point to reduce volatility.

Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility , Tether and other stablecoins attempt to smooth out price fluctuations to attract users who may otherwise be cautious. The system allows users to more easily make transfers from other cryptocurrencies back to U. As of Sep. Because Circle is based in the U. It ranked fourth in market cap and trading volume.

It is the third-largest cryptocurrency by market capitalization. Those who use the token as a means of payment for the exchange can trade at a discount. The Binance Exchange was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes.

It eventually had its own mainnet launch. The network uses a PoS consensus model. Instead, client applications sign and send transactions to the ledger servers. The servers then compare the transactions and conclude that the transactions are candidates for entry into the ledger. You can do it through an exchange or an app that's similar to a traditional stock brokerage. You can check here to find a list of exchanges that meet that criteria. Depending on where you live the best place to buy Ripple with USD will be different.

After registering on an exchange you can add your payment method, whether that's a bank account or debit card, and then buy your Ripple. Once the payment clears you can withdraw your coins to an external wallet. That's really all there is to it. Congratulations, you're now a cryptocurrency investor! If you don't have access to an exchange that allows for buying Ripple with USD there is another option: you can purchase Bitcoin first and then trade it for Ripple XRP.

Bitcoin is the most popular cryptocurrency by far and every major and minor exchange supports it. A full list of exchanges which support this trading pair is available here. Then create another account on the exchange that you'll use to buy the Bitcoin if the exchange you're using to buy Bitcoin doesn't support XRP.

After the Bitcoin transaction has cleared you can exchange the Bitcoin for Ripple and you're good to go! Withdraw the XRP to your hardware wallet then put the wallet somewhere safe. Also, there may be fees for the Bitcoin withdrawal. Can I buy Ripple with credit card? Although it's not as easy as it used to be it's still definitely possible to purchase Ripple cryptocurrency with a credit card. There are actually numerous ways to do so, however, so we'll cover just some of the most popular methods.

Again, the best onboarding platform will depend on where you live and which exchanges you can sign up for. Buying Ripple on Binance Binance is the world's largest cryptocurrency exchange, and for good reason. They have more trading pairs than almost any other exchange and they're constantly adding new ones. They allow their users to trade Ripple and even buy it with a credit card.

To do so you'll need to register on Binance. So long as you're not living in the United States this should be simple. There is a Binance subsidiary exchange based in the United Sates but it's only possible to buy Ripple with a debit card. Once you've registered on Binance follow these steps to get your XRP. Sign in to your account Navigate to the upper left hand corner of Binance's website and look for the menu item "Fiat" Under "Fiat" will be an option to "Buy Crypto" - You should click on this Choose XRP and then specify how much you want to buy Click next If you haven't already done this you'll need to complete the KYC verification.

Many exchanges require this step, especially when using a credit card to purchase cryptocurrency. After completing the KYC verification you'll be able to purchase Ripple with a credit card although there are limits to how much you can buy at one time. It's that simple! If you've wanted to know how to buy Ripple on Binance you now have your answer.

Buying Ripple on Coinmama Coinmama is a website which allows its users to purchase Ripple with a credit card. It is one of the more popular fiat to crypto exchanges in Europe, especially in countries like Germany and France. If you'd like to know how to buy Ripple on Coinmama the first step is to sign up.

You must have a valid email address. Similar to Binance you'll need to verify your identity before you can use a credit card to buy Ripple. Once you've completed this verification process you can begin purchasing. Just enter the address where you want Coinmama to send your Ripple to then enter how much you want to purchase.

Click buy, wait for the transaction to process and then the Ripple will automatically be sent to your wallet address! Coinmama is especially useful as they have a USD EUR option so that you can buy Ripple in whatever currency is most convenient for you. Buy Ripple with a Crypto Wallet The final way to get your hands on some Ripple isn't through one of the exchanges, it's through a crypto wallet.

Atomic Wallet , for instance, lets its users make payments with a credit card for Ripple. One of the major advantages of buying through a wallet is that the coins are sent directly to your wallet address, there's no chance of accidentally losing your crypto. This makes it an ideal option for people who want to purchase Ripple for the first time. Free Wallet is another great choice for anyone who would like to purchase Ripple.

Free Wallet is a popular wallet for Ripple that's been around since That might not sound like long but in the world of cryptocurrency a four year old company actually has some prestige. The advantage of a mobile wallet is that it makes it simple to spend cryptocurrency at the store.

While a desktop wallet is generally considered more secure it's obviously not possible to spend crypto at a physical location if your coins are stored on your computer. Conclusion As we move past Bitcoin's tenth birthday more and more people are asking where can I buy Ripple? They feel that it's a great alternative investment as compared to Bitcoin or Ethereum.

Both of these currencies have a scaling problem while Ripple can already scale to thousands of transactions per second. While it's not smart to over generalize it's probably fair to say that Coinbase is the best exchange to buy Ripple.

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