Bitcoin is already giving tough competition to gold, but the last couple of months have not been bad for Ripple. Ripple Labs, an American payments company and exchange network, has achieved commendable success in the past few months as its crypto token’s price has surged over 112%. Currently, XRP is ruling the crypto world with a market cap of $108.86 billion as per Coindesk, while BTC has a $935.68 billion market capitalization at the time of publication.
Therefore, at this stage, many crypto traders are wondering how to convert Bitcoin to Ripple as XRP seems to be a worthy investment option for the near future. Many BTC holders are considering investing in XRP because day by day, the value of Bitcoins is skyrocketing, making an investment in it expensive. However, Ripple is still available at an affordable rate but with a promising future. Therefore, this could be the best time to invest in XRP and gain profits. Crypto traders holding Bitcoins can find out what is the best way to get XRP with it below.
Steps to Convert Bitcoin to Ripple
The conversion process of Bitcoin to Ripple is hassle-free and straightforward. Crypto traders can visit a cryptocurrency exchange website of their choice and follow the below steps.
- Traders need to create an account first and then navigate to the homepage.
- After this, they can select XRP for conversion from BTC.
- Further, they can specify the amount of Ripple they wish to acquire. This also largely depends on the amount of bitcoin available with them.
- Finally, they would need to click the exchange button to let the conversion happen. The conversion process is automated and taken care of entirely by the crypto exchange.
- Users might need to confirm their wallet ID and wait for the conversion to complete.
- Cross-verification of the converted amount in the wallet is recommended.
How to Convert Bitcoin to XRP on Coinbase
Coinbase, an American-origin popular cryptocurrency exchange, operates remotely in more than 100 countries. It’s widely preferred for its low exchange fees, high safety features, multiple payment methods, and a vast number of supported currencies, and much more. In the below segment, we have elaborated the conversion process of Bitcoins to Ripple, demonstrating it with the steps required to be performed in the Coinbase Exchange.
Step 1: First and foremost, traders who wish to convert their existing BTC to XRP need to log into their Coinbase exchange account or sign-up on the platform.
Step 2: Then, they need to hit the Trade button of blue color located at the center towards the lower part of the screen in the mobile app. If they are on the website, they can identify the Trade button at the top right corner of the website screen.
Step 3: After this, they would be presented with options like Buy, Sell, or Convert. Traders need to select the third option, which could be found at the bottom of the mobile app screen or in the top right of the website screen.
Step 4: Next, in the converted bar, users could select the crypto asset that needs to be converted. In this case, they can choose BTC from the drop-down menu of the “From” section and XRP in the “To” section located underneath the “From” section.
Step 5: Further, investors would need to type the conversion amount that they wish to convert. For crypto-to-crypto conversion, the conversion charges levied by the Coinbase exchange are significantly less compared to fiat-to-crypto conversion.
Step 6: Finally, users can hit the Preview Convert button at the bottom portion of the screen to take them to the penultimate page. If all things appear appropriate and the user doesn’t wish to make any edits, they can tap the Convert button.
Thus, with the help of this step-by-step guide, it is clearly understood how to convert Bitcoin to Ripple easily. Traders can quickly initiate the conversion via the Coinbase Exchange to get XRP with BTC because, as per Brad Garlinghouse, CEO of Ripple Labs, Ripple has the potential to be the Amazon of the crypto market by 2025. If you want to make an investment in XRP, Bitcoin, or any other cryptocurrency to just make good profit, Then Bitcoin Loophole is the perfect platform for you. Find out Bitcoin Loophole review to know more about this authentic trading robot.