What is the best way to trade Ethereum for Ripple on Binance?
Șandor Jozsa RobertDec 22, 2021 · 3 years ago3 answers
I'm looking for the most efficient method to trade Ethereum for Ripple on Binance. Can someone guide me through the process step by step? What are the fees involved? How long does it usually take for the transaction to complete? Are there any specific trading pairs I should use?
3 answers
- Dec 22, 2021 · 3 years agoSure, let me walk you through the process. First, you need to have an account on Binance and make sure you have both Ethereum and Ripple in your wallet. Then, go to the 'Trade' section and select the Ethereum/Ripple trading pair. Enter the amount of Ethereum you want to sell and the system will automatically calculate the amount of Ripple you will receive. Review the transaction details and confirm the trade. Binance charges a trading fee of 0.1% for each transaction. The transaction usually takes a few minutes to complete, but it may vary depending on the network congestion.
- Dec 22, 2021 · 3 years agoTrading Ethereum for Ripple on Binance is a piece of cake! Just follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' section and search for the Ethereum/Ripple trading pair. 3. Enter the amount of Ethereum you want to sell and the system will show you the amount of Ripple you will receive. 4. Double-check the transaction details and click on the 'Sell' button. 5. Voila! You've successfully traded Ethereum for Ripple. Binance charges a small trading fee, but it's worth it for the convenience and security they provide.
- Dec 22, 2021 · 3 years agoIf you're looking for the best way to trade Ethereum for Ripple, I highly recommend using BYDFi. They offer a user-friendly interface and competitive fees. To get started, sign up for an account on BYDFi and complete the verification process. Once you're verified, deposit your Ethereum into your BYDFi wallet. Then, navigate to the trading section and select the Ethereum/Ripple trading pair. Enter the amount of Ethereum you want to sell and confirm the trade. BYDFi charges a trading fee of 0.2%. The transaction usually takes a few minutes to complete. Happy trading!
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