Live Bitcoin News Today & Step-by-Step Guide: How to Buy XRP on bitcoin redditBinance

Live Bitcoin News Today

There have been several significant developments in the Bitcoin space recently. Trump Media has announced that its Bitcoin assets have reached approximately $2 billion, accounting for two - thirds of the company's about $3 billion in liquid assets. This strategy is supported by $3 billion in working capital, and an additional $300 million has been used for Bitcoin - related options operations, which may be converted into spot Bitcoin in the future.

Strategy announced that between July 14 and July 20, it purchased 6,220 Bitcoins at an average price of $118,940, with a total cost of $739.8 million. As of July 20, 2025, Strategy holds 607,770 BTCs, with a total cost of $43.61 billion and an average price of $71,756.

The US pension fund OPERS increased its holdings of Palantir and Strategy in the second quarter of 2025. According to the 13F filing, it added 171,441 shares of Palantir and 21,499 shares of Strategy while reducing its holding of Lyft by 58,881 shares. As of June 30, it held 908,712 shares of Palantir, 101,880 shares of Strategy, and 166,628 shares of Lyft.

Bitcoin has reached new all - time highs. It briefly突破 $121,000 and then stabilized around $120,500, with a 2.54% price increase today, continuing the strong trend that started earlier this month. Key indicators suggest that the upward trend may not be over. The adjusted Spent Output Profit Ratio (aSOPR) is currently at 1.03, far lower than the level at the beginning of July 2025. Traders seem to be holding rather than selling, indicating that most of the coins moved on the chain are not being sold at huge profits, and this rally is not over - heated. The On - Balance Volume (OBV) is rising in tandem with the Bitcoin price, which is a key signal that buying volume is following the upward trend.

Step - by - Step Guide: How to Buy XRP on Binance

Binance is one of the largest and most popular cryptocurrency exchanges globally. Here is a step - by - step guide on how to buy XRP on Binance:

Step 1: Create an Account on Binance

Visit the official Binance website and click on the "Register" button. You will need to provide an email address and create a strong password. After that, complete the verification process as required by Binance. This may include email verification, phone number verification, and in some cases, identity verification.

FAQ: Why do I need to complete identity verification on Binance? Identity verification is a regulatory requirement in many regions. It helps to ensure the security of your account and the overall safety of the exchange. By verifying your identity, Binance can prevent fraud, money - laundering, and other illegal activities.

Step 2: Deposit Funds

Once your account is verified, you can deposit funds into your Binance account. Binance supports various deposit methods, such as bank transfers, credit/debit card payments, and cryptocurrency deposits. If you choose to deposit fiat currency, you will need to link your bank account or card to your Binance account. If you prefer to deposit cryptocurrency, you can transfer it from your personal wallet to your Binance wallet address.

FAQ: What is the minimum deposit amount on Binance? The minimum deposit amount may vary depending on the deposit method and the currency. You can check the specific details on the Binance website or in the deposit section of your account.

Step 3: Navigate to the Trading Interface

After depositing funds, log in to your Binance account and click on the "Trade" tab. You can choose between the "Spot" trading section for direct cryptocurrency - to - cryptocurrency trades or the "Futures" trading section if you are interested in trading with leverage. For buying XRP, we will focus on the Spot trading section.

FAQ: What is the difference between Spot and Futures trading? Spot trading involves the immediate exchange of cryptocurrencies at the current market price. You own the actual cryptocurrency after the trade. Futures trading, on the other hand, is a contract to buy or sell a cryptocurrency at a predetermined price and time in the future. It often involves the use of leverage, which can amplify both profits and losses.

Step 4: Search for the XRP Trading Pair

In the Spot trading section, use the search bar to find the XRP trading pair you want. The most common pair is XRP/USDT, which means you will be buying XRP with Tether (USDT). Once you find the pair, click on it to enter the trading page.

FAQ: Why is XRP/USDT a popular trading pair? USDT is a stablecoin pegged to the US dollar. It provides a relatively stable value compared to other cryptocurrencies, making it a popular choice for trading and a benchmark for many cryptocurrency prices.

Step 5: Place an Order

On the trading page, you will see two types of orders: market orders and limit orders. A market order allows you to buy XRP at the current market price. You simply enter the amount of XRP you want to buy or the amount of USDT you want to spend, and click the "Buy XRP" button. A limit order, on the other hand, allows you to set a specific price at which you want to buy XRP. If the market price reaches your set price, the order will be executed.

FAQ: Which type of order should I choose, market order or limit order? It depends on your trading strategy. If you want to buy XRP quickly and don't mind the current market price, a market order is a good choice. If you believe that the price of XRP will drop to a certain level and you want to buy at that price, a limit order is more suitable.

Step 6: Confirm and Monitor Your Order

After placing the order, double - check the details, including the amount of XRP you are buying, the price, and the total cost. Once you are satisfied, click the "Confirm" button. You can then monitor your order status in the "Open Orders" or "Order History" section of your account. If your order is executed, the XRP will be credited to your Binance wallet.

FAQ: What if my order is not executed? If your limit order is not executed, it means the market price has not reached your set price. You can either adjust the price of your limit order or cancel the order and place a new one. If you placed a market order and it is not executed immediately, it could be due to high trading volume or network congestion. You can wait for a while and check the status again.

In conclusion, buying XRP on Binance is a relatively straightforward process, but it is important to understand the risks involved in cryptocurrency trading. Always do your own research (DYOR) and only invest what you can afford to lose.

2025-11-09

Live Bitcoin News Today & Step-by-Step Guide: How to Buy XRP on Binance

Live Bitcoin News Today & Step-by-Step Guide: How to Buy XRP on bitcoin redditBinance