Hello, guys. In this video, I will show you how to buy Ethereum and Ripple.
I am sure some of you have heard of Coinbase, one of the biggest online platforms for buying, selling, and transferring digital currency. I like Coinbase but my problem is that Coinbase is not open to any cryptocurrency other than Bitcoin, Ethereum, and Litecoin. You cannot purchase anything on Coinbase other than Bitcoin, Ethereum, and Litecoin. So, what do we do if we want to buy Ethereum and Ripple, for instance, and store both types of coins in one secure place? In order to answer this question, I suggest that we go to the Ripple website first.
Ok, on this page I can see the list of online platforms supporting XRP. I will try to use Bitstamp. Let's explore this platform and buy some Ripple and Ethereum. Please note that each country has its own licensing regulations. Depending on the place of your residence you may be allowed or not allowed to use this website. My current location is NYC. Let’s see if I can use Bitstamp from here.
This step is pretty simple. If you want your Bitstamp account to be associated with you, click on 'personal account verification'. If you want your account to represent your business, you may want to click on 'corporate account verification'. Let's go over the 'personal account verification' form. I entered my name and address, I declared myself a U.S. citizen, I entered my Social Security number (only for the U.S. taxpayers), I uploaded a copy of my driver's license, and I uploaded a copy of my Internet bill as 'proof of residence'. If you want to learn how to buy other cryptocurrencies, please take our "Cryptocurrency Universum" course on YouToken.io.