how to convert xrp to bitcoin on coinbase

Coinbase enables seamless conversion of XRP into Bitcoin by registering an account, adding a payment method, searching for XRP, previewing the transaction, confirming it, and subsequently purchasing Bitcoin with the exchanged funds.

Oct 23, 2024 at 11:54 am

How to Convert XRP to Bitcoin on Coinbase

Step 1: Sign Up for a Coinbase Account

Create a Coinbase account by providing your name, email address, and phone number. Verify your account by completing the required identity verification steps.

Step 2: Add a Payment Method

To purchase Bitcoin, you will need to add a payment method to your Coinbase account. You can choose from various options, including a bank account, credit card, or debit card.

Step 3: Search for XRP

Once your payment method is added, go to the "Buy" tab in Coinbase and search for "XRP."

Step 4: Enter Amount and Preview Transaction

Specify the amount of XRP you want to sell and click the "Sell" button. Coinbase will show you a preview of the transaction, including the exchange rate and estimated fees.

Step 5: Confirm Transaction

Review the transaction preview carefully and click the "Confirm" button to execute the conversion.

Step 6: Purchase Bitcoin

Once your XRP has been sold, use the proceeds to purchase Bitcoin. Go to the "Buy" tab, search for "Bitcoin," enter the amount you want to purchase, and click the "Buy" button.

Step 7: Transfer Bitcoin (Optional)

If you want to transfer your Bitcoin to an external wallet or exchange, go to the "Portfolio" tab, click on your Bitcoin balance, and select the "Send" option. Enter the recipient's wallet address and the amount you want to transfer.