How to Buy Ripple (XRP) in Pakistan

Ripple, with trading symbol of XRP, is the third leader in total market capitalization of cryptocurrencies. It has a solid use case of blockchain technology for a decentralized ledger with transaction records that’re easily accessible by global financial institutions. Their growing number of partnerships with world’s leading financial & banking institutions is proving Ripple’s use case and adoption.

Though, most of the people in Pakistan or probably even in the whole world, have no idea about what Ripple (XRP) exactly is & how it tends to solve the high fees of global cross-border payments, still, a number of Pakistani crypto enthusiast have invested in it and more & more people are getting curious about buying Ripple. So, here’s a guide to help you get a taste of cryprocurrency, Ripple (XRP).

To buy Ripples in Pakistan, you first need to buy some Bitcoins. Don’t worry, you don’t exactly need to buy 1 Bitcoin, you can buy Bitcoins worth even less than PKR 10,000 or $100 USD. Follow the guide to signup over Bitcoin & other cryptocurrency exchanges (if you haven’t already) and then follow the below steps to buy Ripples from the crypto exchange of your choice.

How to Buy Ripple (XRP) From Binance

• Sign in to your Binance account
• Go to Exchange > Basic

• Type XRP in the search box at your right side (XRP is the symbol of Ripple) & click over it. This’ll open up the Ripple buying/selling options.

• Right below the graph in the center of your screen, you’ll find Buy XRP & Sell XRP buttons

• This is the section of Binance trading platform where you can buy Ripple with 3 sets of options:

1. Limit: with limit option, you can set your preferred buying price of Ripple. Your buying order will only get processed if your preferred buying bid is hit.
2. Market: with market option, you can buy Ripple at the available price. (recommended for new users). Simply enter the amount of Ripples you want to buy & the trading platform will execute the trade right away.
3. Stop-Limit: this option is only for the advance users. Only those, who’ve experience in financial market tradings, should use it. So, i’m not going to explain it because if you’re an experienced user, you don’t need an explanation & if you’re not an experienced user, it NOT for you!

Once you’ve completed your trade, you can visit Funds > Balance section of your Binance account to verify your Ripple (XRP) purchase.

How to Buy Ripple (XRP) From HitBTC

• Sign in to your HitBTC account
• On your right side, you’ll find a section titled Instruments

• Select XRP from the list

• After selecting XRP from the Instruments list, you’ll find Buy Market & Sell Market buttons

• Here you’ll find the same three options as Binance, Market, Limit & Scaled (stop-limit). Simply use the Market option to buy Ripples.

The Account section of your HitBTC terminal will show you the amount of Ripples you’ve bought.

So, now you’ve converted your Bitcoins into Ripple (XRP). I hope your investment gets you the returns you’re expecting! At the time of writing this article, Ripple is priced at $1.59 USD or PKR 175 appx. with the total market capitalization of more than 61 billion USD. Let us know how much you’ve bought the Ripple for & how much gains you’re expecting, in the comments section below.