XRP is one of the unique blockchain projects that focus on creating a lightning-fast payment network with low transaction costs. Though the market is in uncertain conditions as of July 2023, you can benefit from your XRP investments in the next bull run. The present guide helps you buy XRP tokens by explaining how to buy XRP on eToro, one of the simple-to-ease exchange platforms.
Step 1 – Register and Create an eToro Account
Similar to any other application, you have to register on eToro before starting to use it and buying XRP on it. eToro platform makes the registration process simple and allows you to create an account in a few minutes.
First, you need to go to the eToro website and click on the “Join Now” button. Then, you must enter your details like name, address, email address, mobile number, password, etc. Verify that all the details are correct and complete the registration process.
Step 2 – Verify Your Identity on the eToro Platform
Next, you need to log in to your account with your username and password and verify your account and identity. You can verify your account in two ways – by verifying your email address or by using text messaging.
The next step is to verify your identity, which is a crucial step to continue using your account without any possible issues from the platform. For that, you would have to upload your identity cards and address proofs to ensure that you comply with the KYC and AML guidelines. Once you verify your identity, you wouldn’t have to worry about whether you comply with all the rules of the platform.
Step 3 – Add Funds to Your eToro Account
After registering and verifying your identity, the next step is to add funds to your eToro account. You can add funds in multiple ways – bank transfers, credit or debit card payments, online payment systems, etc.
Go to the dashboard of your account and select “Deposit funds” to add money to your account. Then, select a payment method and enter payment details and the amount you would like to add to your eToro account. Verify all the details and click on “Confirm” to confirm adding funds to your eToro account.
Step 4 – Search for XRP on the Watchlist
After adding funds, the next step is to search for the XRP token on the Watchlist of your account dashboard. After you found the token, a page containing all the information about XRP appears with a “Buy” option at the end. Here, you have to select the ‘Buy’ option to proceed with buying XRP tokens on eToro.
Step 5 – Verify Details and Buy XRP on eToro
Finally, the last step is to enter the details of the purchase and buy XRP on eToro. For that, you have to enter either the amount you would like to spend on XRP or the number of tokens you would like to buy. After entering the details, once again verify all the details and click on “Open Trade” to buy XRP. You can crosscheck if you have received your XRP tokens in the “Portfolio” section.
eToro is one of the best crypto exchange platforms that aims to make the trading of financial instruments as simple as possible for its users. As mentioned above, you can register and create an account within a few minutes and buy XRP without any hassle. Follow the guide and let us know if this guide helped you in making your first crypto purchase!