How and Where to Buy Ripple | ChangeNOW | Blog
This article is aimed to explain the most popular and convenient ways to buy Ripple, one of the most promising currencies. In more details we will investigate the ways of buying Ripple.
5 ways to buy Ripple:
- How to buy Ripple with USD
- How to buy Ripple stock
- How to buy Ripple with credit cards
- How to buy Ripple on Binance
- How to buy Ripple with Litecoin
How To Buy Ripple
Ripple (XRP) is a digital cryptocurrency that allows you to conduct payments anywhere in the world as fast as possible. The coin was established in 2012. Ripple issuance is not limited and it cannot be mined. Currently, Ripple technologies are being adopted by banks and financial companies for interbank payments. Ripple’s advantages include fast transactions (they take about 4 seconds), while regular bank transfers take up to several days; the possibility of scaling (1500 operations per second are being performed right now, but this parameter can be increased to the amount that the Visa payment system has right now, 50 000) and very low fees. Ripple’s code is open source and published on GitHub and serves as a great example of the blockchain.
This article explains how to buy Ripple coins in two ways. The first option is to go on cryptocurrency stock exchanges. You can trade Ripple there for another crypto coin or fiat money. Be mindful as some stock exchanges do not allow you to buy ripple in USA so the best place to buy Ripple for you really depends on your place of residence. Another option is buying Ripple on cryptocurrency exchanges. It is a simple and quick way of obtaining Ripple, however, the stakes might not be great. In both cases, you will need to get a suitable wallet for Ripple.
Where To Buy Ripple
As mentioned above, there are two simple options to buy Ripple cryptocurrency. To prove a point, let’s take a closer look at them and begin with stock exchanges. As soon as the price and turnover of the cryptocurrency market reached billions in dollars, hundreds of exchanges appeared. There, people can buy ripple cryptocurrency with bank accounts, credit cards and electronic payment systems, trade in various altcoins and turn them into fiat money.
Any crypto stock exchange consists of computer hardware base and appropriate software. The software shell signs the user up and creates an account that they replenish with their digital and fiat money, where they withdraw funds from, and where they place to buy and sell orders. Many exchanges provide additional features, like chat, a news feed, course analytics, etc. The hardware is represented by servers on which operations are performed and data about users, their accounts, transactions they carry out are stored.
Usually, the signing up process is free and presents no difficulties for the experienced Internet users. You’ll need to enter your name, a password, and most exchanges require an e-mail address. But if you do not want to share your personal info just create a new one. On some exchanges, users are ranked and verification is required to increase the rank. Verification includes sending photos of your documents. You can’t preserve your anonymity in this case but you will have access to more trading operations, ways to deposit and money withdrawal.
4 best places to buy Ripple:
How To Buy Ripple Stock
If your questions are “How do I buy Ripple stock?” and “Where do I buy Ripple stock?” consider using Exmo stock exchange platform where to buy Ripple stock you will have to make the least amount of effort. Ripple and other well-known cryptocurrencies are traded there. The launch of the Exmo platform took place in 2012, and in 2014 the number of customers reached 100 thousand. In December 2017, more than 1 million traders from around the world became Exmo’s customers. The trading volume reaches about 10 thousand BTC per day, and according to this number, Exmo is among the world’s top 25 largest cryptocurrency exchanges. However, Exmo is not the best website to buy ripple in USA and you would do much better using Coinbase or Bitstamp if you are looking at the options to buy Ripple cryptocurrency in USA.
The guides on how to buy Ripple with Bitstamp and how to buy Ripple with Coinbase are pretty much identical. You will need to sign up, refill your account and place an order to buy Ripple at the desired price. Both platforms have an option to buy a coin quicker but bear in mind that the rate would be worse.
How To Buy Ripple With Credit Card
If you are not a fan of the answer that explains how to buy Ripple on Binance and would much rather prefer to buy crypto with credit card without any extra steps you should check out Coinbase.
To buy Ripple from Coinbase, you will need to sign up and confirm your identity. Unfortunately, this is a necessary step for a successful exchange. After your account is complete you can connect your credit card or bank account to it and start placing ordered on buying crypto. If all the data is correct, then within 5–15 minutes Coinbase will make the transfer of cryptocurrency to your Ripple wallet address.
Obviously, it wouldn’t be fair to call Coinbase the best app to buy Ripple (as everyone has different needs and standards) but the advantages of this exchange are prominent and it’s worth checking out.
How To Buy Ripple Cryptocurrency With USD
So, if you decide that the time has come to buy some promising Ripple coins then know that the most profitable way is to buy ripple on the cryptocurrency exchange. The exchanges are distinguished by the available currency pairs, commissions for internal operations, as well as for depositing and withdrawing funds from the exchange.
Today, Binance is one of the fastest growing trading platforms out there. It provides services for traders from around the world. There is an important piece of information that is crucial for a beginner to know: Ripple cryptocurrency on Binance can only be bought for cryptocurrency. That is, one option is using an online exchanger to exchange fiat currency for Bitcoins, transfer BTC to your account on Binance and exchange them for XRP. Unfortunately, there’s no simpler option of how to buy ripple with USD on Binance. If you are not keen on making so much effort maybe use Binance only if you are interested in how to buy Ripple with Litecoin or some other cryptocurrency.
Best Place To Buy Ripple
If a person gets a question regarding where to buy Ripple they first remember the stock exchange. This is not surprising, as these platforms offer the best rates and the highest security level.
We highly encourage you to make an account on one of the mentioned above websites and confirm it with the maximum amount of personal info that you are comfortable with sharing as the authorized users are provided with more favourable conditions.
Originally published at https://changenow.io on May 21, 2019.