common-close-0
BYDFi
Trade wherever you are!

What is the process to buy Ripple on Coinbase and store it in a hardware wallet?

avatarAbdulAziz2001Dec 26, 2021 · 3 years ago3 answers

Can you provide a step-by-step guide on how to purchase Ripple on Coinbase and then transfer it to a hardware wallet for secure storage?

What is the process to buy Ripple on Coinbase and store it in a hardware wallet?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Here's a step-by-step guide on how to buy Ripple on Coinbase and store it in a hardware wallet: 1. Sign up for an account on Coinbase and complete the verification process. 2. Deposit funds into your Coinbase account using a bank transfer or credit/debit card. 3. Navigate to the 'Trade' section and search for Ripple (XRP) in the available cryptocurrencies. 4. Select the amount of Ripple you want to buy and review the transaction details. 5. Confirm the purchase and wait for the transaction to be processed. 6. Once the Ripple is in your Coinbase account, go to the 'Accounts' tab and select your Ripple wallet. 7. Click on the 'Send' button and enter the address of your hardware wallet. 8. Double-check the address and confirm the transfer. 9. Wait for the transaction to be confirmed on the Ripple network. 10. Once confirmed, your Ripple will be securely stored in your hardware wallet. Remember to keep your hardware wallet safe and make sure to backup your wallet's recovery phrase in case of any loss or damage.
  • avatarDec 26, 2021 · 3 years ago
    Buying Ripple on Coinbase and storing it in a hardware wallet is a straightforward process. First, create an account on Coinbase and complete the verification process. Then, deposit funds into your account and navigate to the 'Trade' section. Search for Ripple (XRP) and select the amount you want to buy. Confirm the purchase and wait for the transaction to be processed. Once the Ripple is in your Coinbase account, go to the 'Accounts' tab and select your Ripple wallet. Click on the 'Send' button and enter the address of your hardware wallet. Confirm the transfer and wait for it to be confirmed on the Ripple network. Your Ripple will then be securely stored in your hardware wallet.
  • avatarDec 26, 2021 · 3 years ago
    To buy Ripple on Coinbase and store it in a hardware wallet, follow these steps: 1. Sign up for a Coinbase account and complete the verification process. 2. Deposit funds into your Coinbase account using a bank transfer or credit/debit card. 3. Go to the 'Trade' section and search for Ripple (XRP). 4. Choose the amount of Ripple you want to buy and review the transaction details. 5. Confirm the purchase and wait for the transaction to be processed. 6. Once the Ripple is in your Coinbase account, go to the 'Accounts' tab and select your Ripple wallet. 7. Click on the 'Send' button and enter the address of your hardware wallet. 8. Verify the address and confirm the transfer. 9. Wait for the transaction to be confirmed on the Ripple network. 10. Your Ripple will now be securely stored in your hardware wallet. Please note that these steps may vary slightly depending on the version of Coinbase you are using. It's always a good idea to double-check the process on the Coinbase website or contact their customer support for any specific instructions.