Ripple is a digital payment platform that uses blockchain technology and a native cryptocurrency to facilitate faster and cheaper global transactions.
How To Buy XRP In Kenya
Before starting, make sure you create a Binance Kenya account.
- Step 1 – Create & secure an account
- Step 2 – How much Ripple XRP should I buy?
- Step 3 – Payment methods for buying Ripple
- Step 4 – Trade or buy your first Ripple
- Step 5 – Prepare for the crypto future!
Step 1 – Create an account
1.1 Safe account
Click on this link to go to Binance Exchange to create an account.
1.2 Strong password
Enter your email & strong password, tick off I agree to the Binance Term of Use and click register.
1.3 Verify your email address
After this step is completed a verification email will be sent to you.
Check your inbox and confirm your email address
1.4 Secure your account
Awesome your Binance account is created! Now follow the next steps and make sure your account is 2FA secured. This is highly recommended.
1.5 You’ve got an account now!
Your account is ready to use and buy Ripple (XRP)
Step 2 – How much Ripple (XRP) should I buy
The good thing about cryptocurrencies is that you can divide them and buy just a (small) piece. This way you still own your piece of Ripple and you can use it or hold it.
To build up your confidence it’s good to try with a small amount of Kenyan Shilling to learn about the process of purchasing Ripple after that you know the process and can easily scale up your transactions and buy more Ripple. (be aware of the fees that are involved when you buy and sell cryptocurrencies)
Step 3 – Payment methods for buying Ripple
On Binance you have over 100 payment options to deposit money and purchase your Ripple. Easily select your currency (in your case from Kenya, probably Kenyan Shilling) and the payment method you want to use. Of course, they also provide the most used payment options like Credit Cards, Bank Transfers & PayPal.
Note: every country has different payment options, simply log in and check the payment methods for Kenya. In the crypto world and on exchanges like Binance you can’t buy every coin directly with FIAT currency. Therefore they created stable coins like Tether USDT.
These are cryptocurrencies you can buy to later swap them over to the currency you want to buy. Before buying your preferred coin it’s good to look up what coins are paired with the coin you want to buy.
Step 4 – Trade or buy your first Ripple from Kenya
In the crypto world and on exchanges like Binance you can’t buy every coin directly with FIAT currency. Therefore they created stable coins like Tether USDT.
These stablecoins are cryptocurrencies you can buy to later swap them over to the currency you want to buy. The name stablecoin is from the USD as the price of these coins just uses the price of the USD. Before buying your preferred cryptocurrency it’s good to look up what coins are paired with the coin you want to buy. For example, some coins only pair with Bitcoin and Ethereum others also pair with stablecoins.
Step 5 – Prepare for the crypto future!
As mentioned earlier this guide is all about buying Ripple(XRP), preparing yourself, and creating multiple secured accounts on exchanges. This way you will be prepared for the future when you want to buy a new cryptocurrency that is not listed on the one exchange you are using.
Here are some of the exchanges that allow XRP to be bought or traded:
- Binance
- BitFinex
- Bitget
- Bithumb
- Houbi
- Kraken
- KuKoin
- OKX
- PancakeSwap
- Poloniex
- SushiSwap