Ultimate guide on how to
buy XRP (XRP) on BCEX

Step by step overview on how to buy XRP (XRP) on BCEX

BCEX is an exchange where different cryptocurrencies are both offered.  This platform provides clear instructions in processing transactions from setting up an account to buying your first XRP (XRP).

The steps below will help you start trading XRP (XRP) on BCEX.

  1. Sign-up for an account on BCEX
  2. Verify your BCEXaccount
  3. Secure your BCEXaccount by setting 2FA
  4. Fund your BCEX account
  5. Start trading on BCEX

1. Sign-up for an account on BCEX

To start, open the BCEX site. Once the website is opened, click on “Sign up” to create an account. 

Click on “email registration” and fill out the form. Confirm your agreement with its Terms and Conditions and click on “Next Step.”

Enter your desired password and click on “Next Step.”

Verify your real name by filling out the form accurately  and click on “Submit.”

The page will prompt that you have successfully registered your account.

Perfect! You have created a BCEX account.

 

2. Verify your identity on BCEX

To secure your transactions on BCEX, you must verify your identity and get your account completely verified as well. After logging in, go to “Account Center” and click on “Real-Name Verification” and proceed with Certification Authentication by clicking on “Get verified.”

Real-Name Verification has two stages. The Primary Certification is mainly your personal information and the Certificate Authentication requires you to present an ID.

Follow the instructions on what ID you need to upload and how to exactly upload them.

Continue filling out the form. At the bottom, confirm that the documents you are about to submit are valid and click on “Submit.”

Nice one! You have verified your identity on BCEX. 

 

3. Secure your BCEX account by setting a 2-factor authentication (2FA)

What is 2FA?
Two-factor authentication, also known as 2FA, is an extra layer of security or added protection which we refer to as multi-factor authentication. Not only the username and password are required but also a piece of information that only a user possesses. This process is to confirm a user’s claimed identity.

The 2FA process helps lessen the number of identity theft cases and as well as phishing via email. It would be harder for potential intruders to gain access and steal someone’s identity and personal data without that piece of information that only the account owner knows.

In the case of exchanges, what the user has are his/her login details such as the username and password. The form of 2FA that a user possesses for this instance is a token or code. The code can be received either through SMS on a user’s mobile phone or via applications like Google Authenticator or Authy.

To activate 2FA on BCEX, scroll down to “Account Center” and select on “Set Google Authenticator.”

Scan the barcode, enter the generated code, and click on “Verify and enable.”

The page will then prompt that you have enabled Google authenticator.

Excellent! You have secured your BCEX account. 

 

4. Add funds to your BCEX account

It’s time to add money to your newly created and verified BCEX  account. You can deposit currencies like XRP (XRP).

For XRP (XRP) deposit, click on “Account” and type in your desired XRP (XRP). You can also manually scan the currency list, then click on “Deposit.”

You will be given a wallet address. This is the address that you need to use in processing your XRP (XRP) deposit. You have the option to scan the QR code to generate a new one. Make sure that the correct address is used in processing your transaction to avoid losing your funds.

Go to “Deposit record” to view your transactions.

Awesome! You have funded your BCEX account.

 

5. Start trading on BCEX

You can now start trading using the funds that you have deposited on your BCEX account.

Go to “Exchange.”

You’ll be able to view different currencies and markets. Scroll down to the “Buy” section.

After selecting your XRP (XRP), type in your desired amount. Whenever you’re ready, click on “Buy.”

At the bottom left corner, you have the option to view your latest and all transactions made. At the upper-right hand are your open and previous orders made.

You did it! You just bought your first XRP (XRP) on BCEX.

Transferring XRP (XRP) from BCEX to other exchanges.

Transferring XRP (XRP) from BCEX to wallets.

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.