The world of cryptocurrencies has been growing recently. Individuals from all over the planet are becoming interested in crypto due to the high profit it enables, as well as the constant brainwork it involves.
There is a difference between various cryptocurrencies and it is deemed well to try and explore each one in order to understand the market. Each cryptocurrency has its own characteristics, and it would be great to take the time and explore each one thoroughly before investing.
One of the most famous cryptocurrencies is Ripple (XRP), and it started out as a form of digital payment founded by Chris Larsen and Jed McCaleb. It now serves as a form of digital payment network as well as a cryptocurrency, and it allows financial transactions to take place everywhere on the planet.
Ripple can be bought in various ways and various platforms, there are many options. In the U.S.A Ripple is quite popular. The price of Ripple went down due to the Securities Exchange Commission (SEC) allegations as an aftermath, however, Ripple is holding strong and its price is expected to increase back up.
When it comes to buying Ripple in the U.S.A it is quite an easy process. It can be done by anyone. Ripple is one of the top cryptocurrencies that you can directly buy through cryptocurrency exchanges, whether you are in the U.S.A or any other place in the world.
How To Buy Ripple in The USA?
If you're based in the USA and wish to buy Ripple – the process is now simple. All you need to do is to find a good online broker that offers competitive fees, deposit some funds with a debit/credit card, and decide how much you wish to invest in Ripple.
The steps below explain how to make a Ripple purchase right now.
1. Find a trusted crypto exchange
When buying Ripple, the best choice is trading platforms. There are many cryptocurrency exchanges out there. They enable buying and selling Ripple in a quick manner. However, it is crucial to pick a secure and reputable one such as eToro, which makes buying Ripple rather quick and easy. eToro is the best social trading platform worldwide and it is beginner-friendly, which makes it a perfect choice for those who are looking to invest for the first time.
2. Sign UP and verify your account
Now that you have found your trusted broker, the second step is to sign up and create an account. You can open your live account on eToro and verify it with some easily uploaded documents. 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.
3. Deposit funds
When you have finished the signing up part, then you deposit money in order to be able to buy XRP.
You can do this by using Visa or Paypal for a quick and secure process. It is all a safe process ensured by eToro.
4. Buy Ripple
Search in the bar box by simply type XRP or Ripple. Then you will see the dropdown with options to choose from. All you have to do is click on XRP which will take you to the XRP main page. Then click “Buy.”
Why Should You Invest in Ripple?
Investing in Ripple, especially, looks rather promising to new generations. This is due to the fact that Ripple is on for a promising future, with a chance to double in value by the end of next year, as per crypto experts.
According to predictions Ripple’s price is expected to increase. XRP’s price at the moment is $0.46 and it is believed that Ripple might reach $1 and even surpass it in the upcoming years.
Therefore it might be a good idea to buy Ripple now since its price is low. However, we must mention that cryptocurrencies are speculative and volatile, meaning that their prices move up and down often.
Is Ripple a Good Investment in the USA?
Ripple could be the future for investors who do not fear HODL. However, with the U.S. State Department lawsuit on the go, there could be some time before Ripple is full of power again.
According to crypto analysts, namely Faizan Farooque in InvestorPlace, “Even after the smoke clears on the SEC investigation, it will be a long time before Ripple becomes a viable digital asset again.”
SEC claims that XRP is security but Ripple has been called a "virtual currency" before by the Financial Crimes Enforcement Network (FinCEN). Therefore, it is possible for Ripple to win the battle with SEC However, it remains to be seen.
Ripple has quite a lot of backing in terms of partners and investors, thus it can thrive for the tallest heights.
Therefore, Ripple remains investment-worthy. Anyone who is willing to invest in the crypto market currently could surely be thankful in the near future as cryptocurrencies and XRP in particular are expected to rise in value and become more acceptable among institutions around the world.
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.