How to Buy Ripple (XRP)
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How to buy XRP
Just 3 easy steps to start investing in Ripple
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase XRP with PayPal, Google Pay, etc.
Choose XRP, select how much you want to buy, and make your first investment.
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Learn more about Ripple
What is Ripple ?
XRP – also known as Ripple- is a cryptocurrency built on a global payments network called Ripple. In fact, Ripple is the company that was created as a replacement for SWIFT (a leading money transfer network). It is designed to provide a secure and decentralized communication and payment network for financial institutions around the world. As a company, Ripple is a trusted agent that can facilitate transactions between two parties. It is located in San Francisco, USA, and makes decentralized financial products for banks and financial institutions.
What is XRP ?
To make it clearer, Ripple is the company and XRP is its token. Therefore, when you buy XRP, you are investing in Ripple's token, not Ripple itself. However, in the world of cryptocurrencies, XRP and Ripple are both known as a cryptocurrency. Therefore, wherever you read something about Ripple, you should know that Ripple and XRP are the same. XRP has been one of the top 10 cryptocurrencies by market capitalization and also on the list of top 5 of most profitable assets. Furthermore, XRP is a pre-mined crypto, which means that the company has a fixed number of coins- 100 billion XRP tokens. 55 billion XRP tokens are owned by Ripple itself, and the company sells one billion tokens per month.
Is Ripple reliable
Ripple was in the world of financial transactions for many years. XRP is also a well-known and popular token for financial institutions and banks. Many people invest in this coin because it has gained the investor’s trust from the beginning of its creation until now. Moreover, XRP is not mined like other cryptocurrencies, there is a fixed number of coins out there which makes it faster and cheaper for you to reach this crypto.
Moreover, if you are worried about the safety of your XRP tokens, you should know that the XRP ledger is one of the safest wallets to keep your tokens in. You can be sure that your digital money is secure in this wallet and no one can access your data and tokens without your permission.
After you've bought XRP
You may wonder what happens after buying XRP and how you can use it. XRP is used like any other digital currency. It means, you can use it as an investment or to buy something. You can also exchange XRP with other currencies, the process should be done on the Ripple network. Moreover, Western Union, Travala, and Red Cross are among the most popular businesses that accept XRP. You can also use Ripple (XRP) for products you want to purchase from Microsoft, Amazon and many other major businesses. Therefore, sometimes there is no difference between your money and XRP.
As mentioned, one thing you can do after buying cryptocurrency is holding it as an investment until its price rises and selling it to profit. But you should know, that’s not the only benefit you can get from buying XRP. You can use this coin to trade with other currencies, such as USD or EUR, or spend it like money to buy an online product. You should also know that like other cryptocurrencies, XRP or Ripple can be stored in a wallet. XRP ledger is one of the safest wallets for you to store this coin.
Your entry to the world of crypto
Other Methods of buying Ripple
Where can I buy Ripple
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Ripple or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Ripple directly from another person over the web.
Crypto Exchanges are the safest places for buying Ripple. You can use Blocktrade as a cheap, secure, and global exchange to buy XRP. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase XRP with a few clicks.
How to sell Ripple
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit XRP to your Blocktrade account
To sell Ripple on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Ripple address.
Start selling Ripple!
Once you deposited your Ripple in your Blocktrade deposit address, you’ll be able to sell your XRP.
Frequently asked questions
You should start buying XRP with at least $10. Therefore, the minimum amount of XRP to buy depends on its price of the day.
No. You should buy at least 20 ripples to activate the XRP wallet.
The cost of buying Ripple can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of XRP, you can either log in to our website and see the real-time price or check our Ripple Calculator to see the price of Ripple in your desired currency.
Chris Larsen and Jed McCaleb are the founders of Ripple network and its token “XRP”.
There are several options to buy XRP such as cryptocurrency exchanges, Peer-to-peer marketplaces, Ripple brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Ripple for beginners. You can easily buy Ripple without any buying fees from our exchange.
XRP has one of the most secure hardware wallets. XRP ledger protects your XRP investment from any fraud. Thus, no one can access your digital coins without your permission. However, there are other wallets you can use to keep your XRP tokens secure. Find the one that is suitable for you.
There is no right time to buy Ripple, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Ripple or any other cryptocurrency.