how to buy xrp on bybit

To buy XRP on Bybit, users must create an account, verify their identity, deposit funds, locate the XRP market, place a buy order, and confirm their purchase.

Oct 30, 2024 at 08:43 am

How to Buy XRP on Bybit

Step 1: Create a Bybit Account

Visit the Bybit website (www.bybit.com) and click "Register" in the top right corner. Complete the registration form with your email address, nickname, and password. Verify your email address to activate your account.

Step 2: Verify Your Identity

To purchase XRP with fiat currency, you must complete Bybit's identity verification process. Click on "Verification Centre" in the account menu and follow the instructions to submit your personal information, ID documents, and proof of address for review.

Step 3: Deposit Funds

To purchase XRP, you need to deposit funds into your Bybit account. Click on "Assets" in the account menu and select "Deposit." Choose your preferred deposit method (e.g., credit/debit card, bank transfer, crypto) and follow the instructions.

Step 4: Find the XRP Market

Once you have funds in your account, go to the "Trade" section. Click on "Spot" and then search for "XRP." You will see the XRP/USDT trading pair listed.

Step 5: Place a Buy Order

Click on the "Buy" button and enter the amount of XRP you want to purchase. You can choose from different market or limit order types. A market order will execute immediately, while a limit order will only execute when the market price reaches a specified level.

Step 6: Review and Confirm

Review your order details (price, quantity, order type) and click "Place Order." Bybit will process your order and add the purchased XRP to your spot account.

Note: Fees and Limits

• Bybit charges a 0.1% trading fee for spot trades.
• There is a minimum purchase order quantity of 0.1 XRP.
• Daily withdrawal limits apply (check with Bybit for current limits).