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How to get started and buy Ripple (and other crypto currency)

Tinder Surprise

This is a very simple guide on how to get started and purchase your first cryptocurrency.

There are numerous other ways but this is probably the most simplistic for the newcomer until you get to learn the ropes and fly for yourself

1.) sign up to Coinbase.com

2.) get verified (can take a couple of days)

3.) Once verified send €uros to you Euro wallet on Coinbase via credit card (instant) or SEPA Bank transfer (up to 5 working days)

4.) When €uros arrive in your Coinbase account/wallet then buy some ETH on Coinbase.

Whilst you are waiting on your Coinbase account to be verified sign up for an exchange account.

sign up to:[URL="https://www.binance.com]Binance.com[/URL] its a very good exchange for starters with a very good selection of cryptocurrencies.

You can still trade on Binance (albeit limited) whilst waiting to be verified ..no more new registrations available

5.)Send the ETH you bought on Coinbase to your Binance/exchange account and buy XRP (Ripple)

6.) Congratulations you've made your first purchase

7.)*N.B* move your cryptocurrency off the exchange into a crypto wallet as its recommended to take your purchase off the exchange(s) due to risk of hacking.

again; this is just a rough quick guide to get you going, but the same process can be used to purchase many other cryptocurrencies.

Hope This Helps

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BorneTobyWilde

What ID is acceptable for coinbase and what is process to get verified .

Gumbo

BorneTobyWilde wrote: »

What ID is acceptable for coinbase and what is process to get verified .

Drivers licence worked for me

BorneTobyWilde

kceire wrote: »

Drivers licence worked for me

Cool, thanks.
So just upload a image of licence? No selfie holding it, or a passport.

Tinder Surprise

BorneTobyWilde wrote: »

Cool, thanks.
So just upload a image of licence? No selfie holding it, or a passport.

Send passport and you're drivers license too.

The extra piece of verification will do you for GDAX (Coinbase parent company exchange) which uses the same credentials as Coinbase buy requires the second verified item

[Deleted User]

BorneTobyWilde wrote: »

Cool, thanks.
So just upload a image of licence? No selfie holding it, or a passport.

How are you getting on with the process?

As far as I remember, Coinbase let you know exactly what you need to upload and there's a check list as you do it.

I do remember taking selfies with my debit card and my passport, but don't think I had to submit a selfie with the driver's licence.

*Looks back through 'gallery' on phone, cringes at some horrendous selfies*

Nope, no drivers licence selfie, just pics of the licence itself.

Pussyhands

Deleted User wrote: »

How are you getting on with the process?

As far as I remember, Coinbase let you know exactly what you need to upload and there's a check list as you do it.

I do remember taking selfies with my debit card and my passport, but don't think I had to submit a selfie with the driver's licence.

*Looks back through 'gallery' on phone, cringes at some horrendous selfies*

Nope, no drivers licence selfie, just pics of the licence itself.

I've done the licence several times and it's been rejected.

Any tips?

sReq | uTeK

Pussyhands wrote: »

I've done the licence several times and it's been rejected.

Any tips?

Turn on flash

Pussyhands

sReq | uTeK wrote: »

Turn on flash

I'm thinking the shiny covering on the licence will be all glare in that case. I can try though...

Father Hernandez

uli84 wrote: »

which crypto wallet is recommended?

Asked this in another thread, would love to know what other wallets people are using to store XRP. Have some currently on Bittrex.

I'm using Etherscan for ETH and signed up to GateHub earlier today, awaiting verification, etc

GateHub a good one to store Ripple or what would you recommend?

sc0by

Pussyhands wrote: »

I've done the licence several times and it's been rejected.

Any tips?

I have a crappy webcam and the camera on my phone isn't working so I was getting nowhere with coinbase verification. Failed 3 times.

I logged in to coinbase and then to gdax.com which recognised that I had a coinbase account.
On gdax I was able to do verification because they allow you to upload an image of the license and passport that I had taken on a decent digital camera. I also had to do one selfie with the webcam so they could see i was the same person as in the ID's

I got approved within a couple of hours and once I had approval on gdax the same approval showed up in coinbase.

The last step was transferring some money from my bank account to coinbase via SEPA. That took about 2 days. Everything seems verified now and I have €10 in my coinbase euro wallet.
To the moon /s

[Deleted User]

Pussyhands wrote: »

I've done the licence several times and it's been rejected.

Any tips?

Sorry, only seeing this now.

Is your drivers licence the old pink paper type?

That could be the problem. Unless other boardsies got quick verification with the paper licence?

I had to get my licence renewed last year and they are replacing the paper licence with a more modern plastic card. It's this card I used for my Coinbase verification and had no problem or delay with it.

So, did any of you reading use the old paper licence for successful verification?

Pussyhands wrote: »

I'm thinking the shiny covering on the licence will be all glare in that case. I can try though...

Try it again, and remove the laminated wallet (assuming it is the old pink licence you have) and switch on the flash.

garrettod

Deleted User wrote: »

.....

Is your drivers licence the old pink paper type? ....

That's not the problem for Coinbase imho, I have one of those (complete with rabbits ears, folds starting to rip and shaped to resemble my left a$$ cheek), which was accepted.

Tinder Surprise

Binace now back open to registrations (cant seem to edit the OP)

Pussyhands

garrettod wrote: »

That's not the problem for Coinbase imho, I have one of those (complete with rabbits ears, folds starting to rip and shaped to resemble my left a$$ cheek), which was accepted.

I've tried everything and no good.

Taking 3 days to send ETH to Kucoin...

99 Bortles of Beer

Is there any issues buying ETH on Coinbase using a Revolut card? Would I have to withdraw to the same card or could I withdraw to a different bank account?

Tinder Surprise

99 Bortles of Beer wrote: »

Is there any issues buying ETH on Coinbase using a Revolut card? Would I have to withdraw to the same card or could I withdraw to a different bank account?

You can only do SEPA using your Revolut

You can withdraw to any card or account

orme

[font=Times New Roman","serif]Ormeus Coin is the name of a new cryptocurrency assembled by a team of cryptocurrency experts, programmers, and developers.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Ormeus Coin brings the “gold-standard” of Bitcoin together with the programmable smart contracts of Ethereum in order to create a coin that has never been seen before in the history of cryptocurrency. A cryptocurrency that is backed by Bitcoin mining and is designed to outpace the growth of Bitcoin.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Ormeus Coin will be backed by Bitcoin and company revenue. Unlike other cryptocurrencies that are only pegged to the value of Bitcoin, Ormeus Coin already owns Bitcoin mining rigs that will back the token. Each Bitcoin Mining rig is capable of producing $500,000 of Bitcoin every 30 days. Ormeus Coin is currently in possession of two BTC Mining rigs and will be purchasing more as time progresses. 40% of all Bitcoin generated by the BTC mining rigs will be reinvested into purchasing more.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Download the ORME White Paper here[/font]

Drumorig

orme wrote: »

[font=Times New Roman","serif]Ormeus Coin is the name of a new cryptocurrency assembled by a team of cryptocurrency experts, programmers, and developers.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Ormeus Coin brings the “gold-standard” of Bitcoin together with the programmable smart contracts of Ethereum in order to create a coin that has never been seen before in the history of cryptocurrency. A cryptocurrency that is backed by Bitcoin mining and is designed to outpace the growth of Bitcoin.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Ormeus Coin will be backed by Bitcoin and company revenue. Unlike other cryptocurrencies that are only pegged to the value of Bitcoin, Ormeus Coin already owns Bitcoin mining rigs that will back the token. Each Bitcoin Mining rig is capable of producing $500,000 of Bitcoin every 30 days. Ormeus Coin is currently in possession of two BTC Mining rigs and will be purchasing more as time progresses. 40% of all Bitcoin generated by the BTC mining rigs will be reinvested into purchasing more.[/font]
[font=Times New Roman","serif] [/font]
[font=Times New Roman","serif]Download the ORME White Paper here[/font]

When you see a coin being spammed by someone called orme you know something isn't right.
Stay well clear of this one lads. They are being called mlm / ponzi...

long_b

Forgive my ignorance, but can I store holdings of crypto in a wallet only my local PC instead of one of these online wallets?

Suitably backed up and secured, wouldn't this be safer?

Tinder Surprise

@Mod

Can you please allow me edit my OP..it's a little out of date

Thanks

Pussyhands

So I have DBC on kucoin. I want to buy another coin instead. So I need to transfer to eth and then buy the other coin?

How do I withdraw to eth. I tried earlier but not sure if it worked. I went to my eth wallet and clicked deposit to get the eth wallet address.

Copied it.

Went to my DBC assets and clicked withdraw. Entered the eth wallet address and clicked OK.

Said it was a wrong address though.

Any ideas?

Whelo79

Pussyhands wrote: »

So I have DBC on kucoin. I want to buy another coin instead. So I need to transfer to eth and then buy the other coin?

How do I withdraw to eth. I tried earlier but not sure if it worked. I went to my eth wallet and clicked deposit to get the eth wallet address.

Copied it.

Went to my DBC assets and clicked withdraw. Entered the eth wallet address and clicked OK.

Said it was a wrong address though.

Any ideas?

You need to sell the coin on the ETH/DBC market. You then have ETH to buy your other coin. This is a very basic crypto process. I suggest you do a bit of homework before you lose a lot of money. Transferring a coin into a wrong wallet means the coin is lost forever.

EagererBeaver

Absolutely agree with the previous post. You're going to lose yourself a lot of money very quickly if you go trading and moving coins about without understanding the very basics. An exchange is a place for you to buy and sell your coins. You can only do this for actual coin pairings. Generally, on most decent exchanges you should be able to trade any coin for BTC or ETH.

Wallets - only coins of the wallet denomination go into it.

Take a step back and do some reading, watch some intro videos on YouTube, read the beginners thread here etc