How to Buy XRP In Nigeria On Remitano
How to Buy XRP on Remitano
Remitano is a peer-to-peer cryptocurrency exchange that allows you to buy and sell major cryptocurrencies like Bitcoin, Ethereum, and XRP.
Buying XRP on Remitano is simple and straightforward. In this guide, I’ll walk you through the step-by-step process for purchasing XRP on the platform.
Prerequisites for Buying XRP on Remitano
Before you can buy XRP on Remitano, there are a few prerequisites:
- You’ll need to create an account and set up your wallet on Remitano
- Fund your account by depositing cash into your wallet or connecting a payment method
- Verify your identity by submitting your personal information and documents
Once you fulfill these prerequisites, you’ll be ready to start purchasing XRP. Let’s look at each of these steps in more detail.
Step 1: Create an Account and Set Up Your Wallet
- Navigate to the Remitano website and click on “Register”
- Enter your email address and create a secure password
- Agree to Remitano’s Terms of Service and click “Register”
- Check your email for a confirmation link – click it to verify your email address
- Set up two-factor authentication for additional security
- Once your account is created, Remitano will automatically generate a Ripple (XRP) wallet for you
Having your own XRP wallet on Remitano allows you to store, receive and send XRP coins on the platform.
Step 2: Fund Your Remitano Account
Before buying XRP, you’ll need to deposit money into your account to fund your purchases. Remitano offers several funding options:
- Bank transfer – link your bank account to transfer funds into your Remitano balance instantly
- Credit/debit cards – Visa and Mastercard deposits incur a 5% fee
- Cash deposit – generate a barcode to deposit cash at supported banks and financial institutions
- Gift cards – link eligible gift card codes to add funds
I recommend using bank transfer or cash deposit to avoid fees. Fund your account with the local currency amount you wish to spend on XRP.
On Remitano.com, you can Buy and Sell Bitcoin and 15 other Altcoins worldwide. It is the Top one P2P marketplace.
Step 3: Verify Your Identity
As part of their know-your-customer (KYC) compliance, Remitano requires ID verification before you can start trading.
- From your account, go to Profile > Verifications
- Submit details like your full name, date of birth, address, and phone number
- Upload images of your government ID (e.g. passport, driver’s license)
- Remitano will review your documentation and verify your identity
This process usually completes within a few hours. Once verified, you’ll have full access to buy and sell on Remitano.
How to Buy XRP on Remitano
Once your account is funded and identity confirmed, navigate to the homepage and click on “Buy Coin”:
Then follow these steps:
1. Enter XRP Amount and Payment Method
In the buy box:
- Enter the amount of XRP you wish to buy
- Select your payment method (bank transfer, cash deposit, etc.)
- Click “Search” to view available offers
For example, you could buy $100 worth of XRP via bank transfer.
2. Browse Seller Offers and Choose One
This will display a list of buy offers from verified sellers with details like:
- Seller username, response rate and reviews
- Price per XRP (quoted in your local currency)
- Minimum and maximum trade limits
- Seller’s preferred payment methods
Browse different offers and select one that matches your preferred price and payment method.
3. Open Trade With the Seller
Click “Buy” on your chosen offer to open a trade. This will initialize the deal in Remitano’s secure escrow wallet.
Next, carefully read through the seller’s terms and trade instructions. Enter the XRP amount you wish to buy and click “Buy” again.
4. Follow Payment Instructions
This will open up a trade chatbox where you can communicate directly with the seller.
Follow the payment instructions precisely by:
- Sending the exact transfer amount
- Including any required account details or memos
- Attaching payment confirmation files if necessary
Use the chatbox to clarify any questions with the seller or ask for assistance.
5. Mark Payment as Complete
Once you have fully paid the seller according to the agreed terms:
- Click the “I have paid” button in the trade screen
- Wait for the seller to confirm they’ve received funds
If you don’t mark the payment as complete within the stipulated time window, the trade may automatically cancel.
6. Release XRP and Leave Feedback
After the seller verifies payment, Remitano will release the XRP amount directly into your wallet balance.
You can track transaction confirmations via the blockchain explorer linked in your trade details. Once the purchased coins reflect in your wallet, the deal is complete!
Finally, leave honest feedback about your experience to help establish the seller’s reputation on Remitano.
And that’s it – you’ve now successfully bought XRP on Remitano!
Begin Trading or Withdrawing XRP
Now that you have a XRP balance in your account, you have two options:
Trade XRP In-Platform
Use your coins to trade Bitcoin, Ethereum and other cryptos directly on Remitano at competitive rates.
Navigate to the exchange section and place buy/sell orders using your XRP coins as base currency.
Remitano’s order-matching engine will pair your trades with matching buyers/sellers for seamless swaps.
Withdraw XRP to External Wallet
To take custody of your coins, withdraw XRP from your Remitano wallet to an external crypto address.
In your Remitano account, go to Wallet > XRP > Withdraw.
Enter the XRP receiving address and carefully double-check it before sending. Transfers on the XRP Ledger are instant and irreversible.
Once your withdrawal transaction processes, the XRP balance will reflect in your external wallet.
You now have full control of your XRP to hold long-term or spend however you wish!
Tips for Buying XRP on Remitano
Here are some useful tips when purchasing XRP to maximize security, privacy and value:
- Compare multiple sellers to find the best XRP price in your area
- Transfer exact trade amounts to avoid overpayments
- Use anonymous payment methods like gift cards or cash for privacy
- Enable two-factor authentication and account password for security
- Withdraw to a private XRP wallet to control your own keys
- Track XRP rates to buy the dips and lower your average entry price
Conclusion
I hope this guide covered the essential process for how to buy XRP on Remitano step-by-step. The platform makes purchasing Ripple coins easy and direct from local sellers.
You simply need to create an account, add funds, verify your ID, choose an XRP offer, make payment securely and finally withdraw to your external wallet.
Remitano also allows you to trade your purchased XRP coins for other cryptocurrencies using the built-in exchange.
So get started buying XRP safely today to invest in this practical cryptocurrency for fast, affordable global payments!
Frequently Asked Questions
What payment methods can I use to buy XRP on Remitano?
Remitano accepts various local payment methods to fund your account and trade – bank transfers, credit/debit cards, cash deposits, gift cards and more. Payment method availability varies by country.
Is buying XRP on Remitano safe?
Yes, Remitano implements top security precautions. All trades occur via secure multi-signature escrow wallets to protect user funds in deals.
Remitano also has a robust dispute resolution system. Take safety measures like enabling 2FA on your account and reviewing seller reputations.
What are Remitano’s fees?
Remitano charges 0% trading fees, but you may incur some third-party payment processing fees depending on your selected funding method.
For example, cards incur around 5% charges. Bank transfers and cash deposits are usually fee-free.
Can I sell my XRP on Remitano too?
Yes! Remitano allows you to become a seller and list your own XRP buy offers once you have a sufficient balance.
Simply create a sell order specifying your asking XRP price, min/max limits and payment methods to liquidate your coins.
Is Remitano available worldwide?
While primarily focused on emerging markets, Remitano is accessible worldwide. However, certain payment methods and features may be limited depending on your country.
Browse Remitano to view available fiat currency pairs and P2P buy/sell offers in your region.