Ripple (XRPUSD)

[Zilidium]

Your concerns are justified, that being said until you are completely comfortable with the process, buying, exchanging, and storing crypto, be very careful. Use small amounts of fiat to get started and DO NOT SPEND ANY $$ THAT YOU ARE NOT PREPARED TO LOSE.

#1 concern - no worries transferring XRP to your bank. You just need to exchange it to USD then transfer.

You can save a few coins if you buy with GDAX ( if you have a coinbase account you can open a GDAX instantly) Buy/Sell as a maker to reduce fees to 0.

Then transfer BTC, ETH to the ripple exchange of your choice I use Bittrex, but they are not taking new accounts. Binance works well also.


#2 Absolutely!
Now its important to get your head wrapped around the wallet thing, very important. You and you alone are responsible for managing the coins you collect. Exchange wallets are prone to hackers, not saying they will, just saying they have. Use them as a temporary place to hold your coins.

Get a desktop Ripple wallet, Rippex works well and store your coin there.Or even better, create a cold wallet. Here is a good link for getting a ripple cold wallet up and running,

#3 Yes, the process takes two weeks or so.
Open a coinbase account, get verified initiate a deposit, then
Click over to GDAX and open an account. It will be linked with your coinbase when its verified, then
Click over to Binance, open a new account. This will be an exhange account, no waiting because presumably you will only use it to send BTC,ETH to exchange for XRP.

Download Rippex.

wait 12 or so days for coinbase to do its thing, then buy BTC,ETH etc.

Start reading, read everything you can find about crypto.

Good luck.