How to buy Ripple (XRP)
Buy Ripple: Learn how to do it here!
- Ripple is a payment network that wants to act both as a foreign exchange market and as a peer-to-peer payment method
- Ripple supports any currency as well as theoretically any kind of goods (eg gold)
- The principle of Ripple is to provide gateways designed to build trust between different parties so that they can exchange currencies and goods.
Buy Ripple: Nothing works without a broker
Ripple is aimed primarily at commercial users or use cases. The provision of a kind of decentralized banking functionality makes it possible to transact cross-border transactions.
In addition, ripple or XRP is very interesting for investors and traders, as it theoretically has a lot of potential for future price gains.
If you want to buy Ripple, you will need to register with a crypto broker. Exchanges like Coinbase or anycoindirect do not support the cryptocurrency.
Buy Ripple at Binance
Buying an interesting crypto exchange for ripple is Binance. This crypto exchange is headquartered in Hong Kong and has not been on the market for very long.Nevertheless, this crypto exchange enjoys a good reputation in the scene. It is also of interest to investors as it has even created its own cryptocurrency. What also makes Binance quite interesting is the fact that there is no need for extra verification. For those who value privacy, Binance is a great alternative to buy ripple.
Also, if you want to buy Ripple, Binance is interesting because it offers two different user interfaces. One for beginners who are not technically (yet) well-versed and a different user interface for traders who value extensive trading features.
The only real drawback is that you already have to have a cryptocurrency to buy ripple. But no worry! We will explain step by step how to proceed.
Instructions for Ripple Buy at Binance
- Register at anycoindirect and perform the verification process
- Buy ether
- Register at Binance
- Send ethers from Coinbase to Binance
- Buy Ripple 😉
Buy ripple at cex.io
An alternative to the above Exchanges is cex.io. It is like Binance to an even younger crypto exchange. For beginners, however, it is very interesting because it has greatly simplified the purchase of Bitcoin. So you get right on the start page a selection of how much bitcoins you want to buy. Once you have decided on an amount you can immediately buy ripple. The user interface is well designed for both beginners and advanced users. Cex.io offers besides the possibility to buy ripple also numerous other crypto currencies. Of course you can also buy Ether, Litecoin and DASH there.
The verification process at cex.io is done quickly. You can pay conveniently by credit card. The transactions are quick and straightforward so you can buy Ripple just minutes after signing in.
Buy ripple at cex.io: Quick Start Guide
- Register with Cex.io
- Buy bitcoins
- Call Currency Pair Ripple Bitcoin
- Buy Ripple
Buy ripple at etoro (not for US-citizens)
An interesting alternative to Binance is etoro. It is one of the largest social trading platforms worldwide. What does social trading mean? You can follow successful traders or copy them and thus participate in their success. Every time one of these so-called Popular Investors opens a trade, you automatically open one. The size of the trades depends on the relative size of the trades of the Popular Investor. You can also trade yourself and be copied by others.This can ideally generate even a passive income.
Another advantage of etoro is that you can deposit money there by bank transfer or Paypal and you can buy ripple (but the verification process is also needed here).So you just need to register with a single provider to buy Ripple.
One drawback is that you can not send your XRP’s directly to a wallet. Although the cryptocurrencies that etoro offers to trade are physically deposited (that is, they buy the coins and deposit them in a wallet);
Here are the instructions for ripple buy at etoro:
- Register an account at etoro
- Perform the verification (you only have to scan and send two documents)
- In the search enter ripple or XRP
- Call up the cryptocurrency and buy the desired amount
What you should know about buying ripple
Ripple can theoretically be used to exchange all possible currencies and commodities. In essence, however, it finds application in the banking sector. In contrast to Bitcoin or Litecoin, for example, you can hardly (or not at all) use Ripple to pay for it in online shops (admittedly: the high transaction fees of Bitcoin also make this currency unusable as a means of payment). We are currently no credit cards or debit cards known that you could use with ripple. So if you want to buy ripple, this is a pure investment in a cryptocurrency. </ P>
Buy ripple as an investment: yes, but do not diversify
If you want to buy Ripple because you believe that the price of this cryptocurrency will continue to rise in the future, there is nothing wrong with that. But do not forget to diversify your crypto portfolio. Any professional trader will confirm to you that diversification is the key to sustainable profits. If the price drops after buying the ripple, you still have other crypto currencies in your portfolio that you can ideally compensate for or at least cushion the losses.