Garth wrote:Hulohot wrote:Rumours suggest Ripple is going to be added to Coinbase on 8/1/17.
May not be true but there is still time to jump on.
I'm a noob, what do I do to get some?
Edit: noticed a post above!
I'm new to this too, I bought my first coins just before Christmas. I'm not going to pretend to be an expert I will just tell you what I done which is a relatively quick and easy way. There are more cost effective ways but this will get you started. The long time experts here will have more to say on this!
Coinbase is probably the most established trading company but they don't sell XRP (yet). So using Coinbase you buy Bitcoin which you then send to your Poloniex account - there you can use it to buy Ripple XRP.
Firstly you will need ID and preferably to download the Google Authenticator app for iOS or Android.
Go to
http://www.Coinbase.com and register and enable 2 Factor authentication which uses the Google App.
Go to
http://www.Poloniex.com and register and enable 2 Factor authentication which uses the Google App.
When you're all set up you must transfer money to your Coinbase account. You can do this with a debit/credit card. There is approximately a £40 fee to do this and initially you can only transfer about £500/£750 per week - transfer is immediate. Or you can make a direct transfer from you bank by making a SEPA payment up to £15000, the transfer
may take up to 2 days.
Once money is in your Coinbase account you use it to buy Bitcoin.
Then go to your Poloniex account and get your Bitcoin deposit code.
Go back to Coinbase and in your Bitcoin send section enter the deposit code and send. The process will take maybe an hour. Once the Bitcoin has arrived in your Poloniex you can use it buy XRP. This video better illustrates the process:
Once you have bought your XRP it will be stored with Poloniex. There are risks of hacks or company crashing and you losing your investment etc. But if you have a small amount I wouldn't panic about that too much but start looking at alternative storage. If you have a higher amount there are various ways to to store your XRP keys offline - but this is what I'm still learning about!
Others here have said you can do the above but with Gdax and Binance.
Gdax is the sister company of Coinbase and they have lower fees. Your Coinbase account should enable you to register their but you will need TWO forms of ID to trade with them (sadly I lost my old driving license ). Binance has XRP and a range of other alt coins too.
I hope this illuminates it all for you a little bit!