What is XRP?
XRP (Ripple Coin) is a type of cryptocurrency (virtual currency) that utilizes the decentralized ledger technology developed by Ripple. Ripple aims to speed up international remittances and reduce fees, providing a technology that makes it easy and inexpensive for banks and individuals to transfer funds. XRP functions as the currency that supports Ripple’s payment network and is used as a transaction fee when sending funds.
How to Purchase XRP
XRP is mainly purchased through cryptocurrency exchanges. The following steps can help you proceed smoothly:
Open an Account at an Exchange
Complete the Know Your Customer (KYC) verification in advance and be sure to review the terms of use and fee structures before you begin.
Deposit Fiat Currency
Deposit euros or dollars via bank transfer or credit card so that the funds are available for trading.
Purchase XRP
Go to the “Spot Trading” or “Broker” section of the exchange, select XRP, then specify the amount or order type (market, limit, etc.) and confirm your purchase.
Binance and Bybit are among the well-known exchanges. Each platform has different fees, supported currencies, and user interface experiences, so choose an exchange that suits your needs.
How to Transfer XRP to a Wallet
By transferring purchased XRP to a wallet you control, you can store your funds more securely. There are several types of wallets:
- Online wallets (exchange wallets or web wallets)
- Mobile wallets (smartphone apps)
- Hardware wallets (e.g., Ledger Nano S/X)
When transferring XRP to a wallet, you may need to enter both the XRP address and a Destination Tag. This is especially important when sending to an exchange wallet or any wallet that uses multi-address functionality. If you make a mistake with the Destination Tag, your funds might not be credited properly.
Check the Wallet Address
Obtain the XRP address (and Destination Tag if required) for the wallet you plan to use (exchange wallet, mobile wallet, etc.). Make a note of these details.
Open the “Withdrawal” Screen on the Exchange
Log in to the exchange where you purchased XRP and go to the “withdraw” screen to transfer funds to your wallet.
Enter the Withdrawal Information
- XRP address of the destination wallet
- Destination Tag (must be entered accurately if required)
- The amount of XRP you wish to send
- Network fee (sometimes calculated automatically)
Review the Details and Execute the Transfer
Carefully verify that you have not made any typos, as even one character error in the address or Destination Tag can prevent your funds from being credited. Always copy and paste to ensure accuracy.
Confirm the Transaction
After initiating the transfer, use your wallet or a blockchain explorer (XRP Scan) to verify whether the transaction has been processed correctly.
When the transfer is complete, your exchange balance will decrease, and your wallet balance will increase by the amount of XRP you sent. Issues involving incorrect Destination Tags are common when transferring between exchange wallets or to multi-address wallets, so always double-check your details before sending.
How to Check XRP Transactions
XRP transactions are managed on a decentralized ledger called the “XRP Ledger,” developed by Ripple, rather than on a blockchain. If you want to confirm whether a transaction has been executed properly, you can do so in the following ways:
- Use an “XRP Ledger Explorer,” which functions similarly to a blockchain explorer.
For example, “Bithomp” or “XRPSCAN” are commonly used. You can enter your wallet address to view your transaction history. - Check the transaction history in your wallet or exchange.
Go to the “History” section of your wallet app or exchange to view records of your deposits and withdrawals.
Using XRPSCAN
Access xrpscan.com, and in section 1, enter the TXID or address to view detailed information.
Let’s Check It on an Actual Screen
TXID Input (1)
This is called the Transaction ID (TXID), which indicates the actual transaction. You can provide this number when contacting customer support.
Checking the Destination (2)
“Destination” indicates the receiving address. In this example, it shows that the funds were sent to Bybit.
Checking the Amount (3)
You can see the amount that was sent. In this case, 20.757923 XRP was transferred. If the transaction is successful but the funds are not reflected in your account, please contact customer support to have it resolved. On the other hand, if it says Failed, it means the transaction did not complete due to an issue such as insufficient gas fees or some other error.
Test: Let’s Check a Transaction
03C1ED9B1B4408ADE9787CE0CE9FC8B9E92CB6EE851CBB76AC7527B9D9517087
Clicking will reveal the answer.
crypto[.]com for 0.00001 $XRP. Reference
How to Deposit to Betrebels Using XRP
Betrebels allows you to easily make deposits in XRP. The overall process looks like this:
- Log in to your Betrebels account.
- Go to the deposit page and select XRP as the payment method.
- Copy the displayed XRP deposit address and Destination Tag.
- From your exchange or wallet, select “withdraw” or “send,” and paste the address and Destination Tag provided by Betrebels.
- Specify the amount of XRP you want to send and execute the transaction.
The deposit will typically appear in your account within a few minutes to a few tens of minutes, depending on network conditions. If your deposit does not show up after a while, there might be an error in the Destination Tag or a network delay, so check the transaction status again.
How to Withdraw from Betrebels Using XRP
When withdrawing XRP from Betrebels, the process is simply the reverse of depositing it.
In your Betrebels account, select “Withdrawal” and enter the amount.
Select XRP as the withdrawal method and enter your wallet address and Destination Tag (if necessary).
Some withdrawals require operator approval, which may take anywhere from a few minutes to several hours. If your withdrawal has not completed after 24 hours, please contact customer support.
What to Do if There’s an Issue with an XRP Transaction
If your deposit or withdrawal does not process normally, please check the following:
- Did you correctly enter the address, or did you make any mistakes with copy and paste?
- If the destination wallet requires a Destination Tag, did you enter it correctly?
- Is there any maintenance or downtime at the exchange or wallet you’re using?
- Is there a network congestion causing transaction delays?
If you still cannot resolve the problem, contact the support team at your exchange or Betrebels. Providing the transaction logs (TxID) from the explorer will help them troubleshoot more efficiently.
Frequently Asked Questions About XRP
A Destination Tag is required when the receiving wallet uses a shared address (multi-address). In particular, exchange wallets often share a single address among multiple users, so each user is assigned a unique tag. If the tag is not entered correctly, your funds may not be credited. Check whether a Destination Tag is needed by reviewing the instructions from the receiving wallet or exchange.
In most cases, an XRP transaction is confirmed within seconds to a few minutes. However, network congestion, exchange maintenance, or processing times on the receiving end can sometimes cause delays. If it has been more than 30 minutes and your transaction still hasn’t appeared, suspect potential errors in your transaction details or Destination Tag, and contact the support team of your exchange or wallet.
When buying XRP, you’ll generally encounter “trading fees” and “spreads.” Each exchange has different fee rates and spread widths. Broker-style platforms often have wider spreads, while spot trading with limit orders can help reduce spreads but may be slightly more complex to use. Check the fee schedule or user reviews of each exchange beforehand to avoid surprises.
You can view the Transaction ID (TxID) in the transaction history of your exchange or wallet after a transfer is made. It often appears in the details or history section. Copy this ID and paste it into an XRP Ledger Explorer (such as XRPSCAN or Bithomp) to see more details about your transaction. If you cannot find the TxID, contact customer support for assistance.
Summary
XRP is a cryptocurrency that allows fast, low-fee transfers and can be conveniently used for deposits and withdrawals at Betrebels. You can easily track your transactions using an XRP Ledger Explorer, making it simpler to deal with any potential issues such as missing or misdirected funds. If you encounter problems, double-check the address and Destination Tag, verify your TxID, and reach out to support if necessary. With a proper understanding of XRP, you can enjoy a smooth crypto experience and seamless use of online services.
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