With cryptocurrencies booming, how do you buy Ripple (XRP), a hot alternative to Bitcoin? We've got all the answers to your questions, regarding buying Ripple and more.
The financial world has completely changed from what it used to be a decade ago. Digitalization is affecting this sector, too.
The crypto world is the future many are looking forward to, no matter their age or location. It can differ in frequency since some countries have gone ahead in their exploration as opposed to others, but there is a general interest hovering in the air.
Cryptocurrencies such as Ripple have become more famous in the past few years, and there are many deductions taking place as to how the evolving process will go on. There are many cryptocurrency exchanges where one can buy Ripple. But, we will elaborate in details below on how to buy Ripple and where.
Where to Buy Ripple?
If you want to buy Ripple, you must know where to do so. Cryptocurrencies can be purchased through crypto exchanges. And, there are many cryptocurrency exchanges where you can buy Ripple. Let’s dive into more details below.
When you buy a cryptocurrency, including Ripple, you have to store it in a wallet. You can store them in a digital wallet or in a physical one that looks like a USB. A secure digital wallet where you can store your Ripple is eToroX, and it stays an appealing option for crypto investors. eToroX is a great place where you can keep your coins safely.
Cryptocurrencies such as Ripple can be bought on many platforms. In a crypto exchange, you can transfer and exchange various currencies, such as cryptocurrencies or dollars. The crypto tokens such as XRP can be exchanged with dollars and vice versa.
Many recommendations are available when it comes to buying Ripple, one of the main ones includes eToro. This platform makes the buying process easy and simple. There is also a big social element in the way they incorporate their business flow, and your cryptocurrency investment can be a pleasant process for you.
How To Buy Ripple
The platforms where you can do such a purchase are many in number, however, it is crucial to pick a trustworthy one. The ones that offer more transparency and trust during the transactions are the best ones to go with. Moreover, platforms such as eToro are easy to use and keep your assets safe.
How to Buy Ripple Now?
Although there are many other crypto exchanges that support Ripple, eToro is a great place to buy XRP. Below we will show you the steps to buying Ripple right now.
1. Sign Up
Go to the eToro site and click “Sign Up”. You can sign up with an email and afterwards verify your account. To verify the account you need to upload proof of identity (POI) and proof of address (POA). Once you open your account and verify it then you are ready for the next step.
2. Deposit Funds
To buy Ripple through eToro you need to deposit fiat currency in eToro. For US residents, the minimum for the first deposit is $ 200. After the first deposit, there is a minimum deposit amount of only $50. After you have selected your deposit amount, click "Deposit".
3. Search for XRP
Once you are signed up in eToro, you can search XRP or Ripple in the search bar in order to buy it. When this happens, there will be a drop-down list where you click on XRP, and then additionally you can deduce XRP on the main page.
4. Buy Ripple
The next very easy step is to buy XRP on eToro. Once you have found Ripple in the list, then click the green "Buy" button on the top right. Then select the amount you want to invest. So you made your investment in Ripple and now you are a Ripple holder.
The procedures are more or less the same for any exchange, but make sure that before you make any investment, you are using a secure platform. eToro is the safest platform you can use to buy Ripple or other cryptocurrencies. Your assets will be safe.
Why Buy Ripple?
Ripple has also seen a rise and is expected to double in price by the end of 2021 according to Medium, which makes it attractive for investors. There are many reasons behind wanting to make a crypto investment. One of them is wanting to gain an additional amount of profit, namely through this initial investment.
Ripple could be a profitable investment as its price is expected to rise. This is likely to happen in today’s time, with crypto prices skyrocketing and the crypto market thriving more than ever.
Although Ripple has recently experienced charges from the Securities Exchange Commission (SEC), in which case it was delisted by many crypto exchanges, consequently experiencing big losses, it has begun to experience growth again. Experts believe that the price of Ripple is likely to increase in the coming months and years.
What Is Ripple?
According to Investopedia, Ripple is a “technology that acts as both a cryptocurrency and a digital payment network for financial transactions.” Essentially, in order to ensure validity Ripple uses a ledger network that is on a shared public database.
- The financial world has completely changed from what it used to be a decade ago. Digitalization is affecting this sector also.
- There are many crypto exchanges but one of the most famous ones where you can buy Ripple is eToro.
- A secure digital wallet where you can store your Ripple is eToroX.
- There are mainly four steps to buy Ripple on eToro: sign up, deposit money, search for XRP on eToro and buy Ripple.
- Although Ripple has recently experienced charges from the Securities Exchange Commission (SEC), suffering losses, recently it has begun to experience growth.
- Experts believe that the price of Ripple is likely to increase in the coming months and years.
- According to Investopedia, Ripple is a “technology that acts as both a cryptocurrency and a digital payment network for financial transactions.”
eToro – The Best Platform To Buy Ripple
eToro have proven themselves trustworthy within the industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.