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Archive for December, 2017

How to Buy Ripple (XRP) With Coinbase

Posted on: December 30th, 2017 by jms No Comments

Ripple (XRP) has been on a hot streak recently and it is now claimed the number 2 spot for total cryptocurrency market capitalization, right under Bitcoin.

 

With all the hype and high growth surrounding XRP I’ve been trying to get in on the action but it hasn’t been smooth due to all of the identity verification requirements for the top exchanges that offer XRP. While identity verification is obviously a legitimate requirement, I’ve been waiting for both Kraken and Bitstamp to process my verification documents for over 2 weeks. I understand that there’s some lag time to be expected, but 2 weeks seems very long.

 

With the recent rumors about Coinbase potentially offering XRP in 2018, and with the news about a few big Japanese credit card companies signing up with Ripple, I decided I can’t wait around while XRP continues to rise. If Coinbase does decide to offer XRP, it’s price will likely jump, but by that time it’ll probably be priced high and the opportunity to get in early will be gone. So I started looking for other ways to get my hands on XRP without putting my investment at risk through shady or less secure alternatives to a reputable exchange, and I finally figured it out.

 

It is possible to transfer various cryptocurrencies between wallets using an app/service called Evercoin. This app basically acts as an instant escrow service for transferring altcoins and they support XRP as long as you have a wallet to transfer to, and setting up a free and secure XRP wallet is easy using an app called Toast Wallet.

 

Here are the steps necessary to acquire XRP using Coinbase, Evercoin, and Toast Wallet…

 

1) If you don’t already have an account with Coinbase, create one. Make sure you fund the account or have a balance of either Bitcoin, Ethereum, or Litecoin. Note: you can use any other exchange or Bitcoin wallet, it doesn’t have to be Coinbase, but Coinbase is what I would recommend for simplicity and efficiency.

 

2) Download the Toast Wallet app and set up a free XRP wallet. Note: all XRP wallets require a minimum of 20 XRP to become active, so you will see your Toast Wallet show your new XRP wallet as inactive until it’s funded with at least 20 XRP. This is a Ripple platform requirement.

 

3) Download the Evercoin app and follow the steps to transfer either Bitcoin, Ethereum, or Litecoin to your XRP wallet. Note: due to the recent high valume of XRP trading you may have to wait for Evercoin to have enough XRP in reserve. I had to wait about an hour before I saw XRP appear as an option on Evercoin.

 

4) Sit back and watch your new XRP grow, and if/when it does become available on Coinbase, I’m sure you’ll be able to transfer your XRP to Coinbase at that time.

 

Heres a good step-by-step tutorial provided by Evercoin… https://blog.evercoin.com/how-coinbase-users-can-buy-ripple-xrp-on-your-phone-b217766d2973

 

 

It’s Not Too Late to Give Some Bitcoin for the Holidays

Posted on: December 24th, 2017 by jms No Comments

If you’re like me, you tend to wait until the very last minute to complete your holiday shopping. With Christmas just a few days away, I’ve been thinking hard about what I can get for some close family and friends who are left on my shopping list for this season, and then it hit me! I can give the wonderful gift of Bitcoin.

 

With so many still speculating that Bitcoin will double or triple in the coming months / years, what better gift to give than the gift that keeps on giving?  Even with the recent correction in the price of Bitcoin and other altcoins, I still see a bright future for crypto currencies. We’ve seen many corrections over the years as it relates to Bitcoin, especially in 2017. Here’s a look at the ups and downs, and mostly ups, throughout 2017…

 

 

I don’t see Bitcoin loosing steam any time soon, so I’ll be giving some as gifts for my closest friends and family this holiday season.

 

Here are just a few ways you can give Bitcoin as a gift…

 

 

A Paper Wallet

 

You can visit bitcoinpaperwallet.com to get a fancy print out of newly created public and private key containing a Bitcoin value. There will also be a QR code for easy transfer to digital wallet providers like coinbase.com or other similar exchanges.

 

Click here to learn how to transfer your paper wallet to a digital wallet.

Click here to learn how to transfer your paper wallet to Coinbase.

 

 

Coinbase

 

Coinbase.com is a great way to send Bitcoin values to any email address. If you already have a balance with coinbase.com you can use their app to send any percentage of your balance to an email address of your choice. I’ve used their app to gift Bitcoin before and it’s very simple and secure. Just be sure not to send the gift until the day you’d like the recipient to receive it, since Coinbase will instantly send the email notification. Note, if you don’t yet have a balance and you’re not set up for instant buys, you won’t be able to get Bitcoin in time for Christmas this year using coinbase.com.

 

 

One of the above options would be my personal preference, but you can also use bit4coin.net to send Bitcoin gift cards, or even send a secure hardware wallet similar to a USB drive by visiting trezor.io. Both of these options are great, but each will take some time to order, so don’t count on them for this holiday season.