If you have chosen to trade XRP for another cryptocurrency, follow the steps below.
1: Create an Account
If you're planning to sell on the same site that you bought from XRP, skip to the second step. Nevertheless, if you intend to use a particular platform, first perform due diligence and find out the exchanges that accept XRP, then review their apps. XRP is one of the most significant digital currencies on the market and is therefore listed on several popular exchanges. The considerations that need to be checked are mentioned below, some of which involve fees and apps. After selecting an exchange, sign-up by sending your email and creating your password.
2: Deposit any XRPs in your new account
Transfer the amount of XRP that you intend to sell from your wallet to your wallet of exchange. Next, you need the XRP address of your new exchange wallet so that you can submit the XRP number, if you are trading on Binance, go to Funds on the upper black bar, and click Deposit, then click Choose Deposit Coin, and then choose XRP from the drop-down menu. You're going to see the alignment and instructions set.
3: Sell Ripple (XRP)
Selling Ripple with cryptocurrency, Upon getting the number, you intend to sell on your new wallet, go to the trading portion of the corresponding page. Use the search box to identify the currency pair you want to swap, and then specify the amount of XRP you want to offer and the amount of BTC you want to buy.
4: Transfer your new coin to a secured wallet.
If you want to keep your newly acquired cryptocurrency on your account of trade, you may. This is not advised, though, because swap wallets are not free from attacks. The best option is to use a hardware wallet, as it is so far inaccessible from hackers and helps you to protect your private key. Transferring your coins is pretty easy. On Binance, press the Remove button in the Funds section, and pick the coin or token that you want to pass and the key to the withdrawal number and address.
Cryptocurrencies are dynamic commodities, renowned for their price volatility. As such, it is essential that you fully understand all of the risks involved in dealing with these digital assets before continuing with them. Also, you will recognize several factors that may influence your trading intentions before you settle an exchange, including trading fees, authentication procedure, protection, customer support, transaction limits, withdrawal fees and procedures, and the type of site.