Why invest in XRP? What are Ripple investment pros and challenges? Here is everything you need to know about Ripple investing.
This guide on How to Invest in Ripple (XRP) will show you how to buy it in less than 10 minutes - with no need to worry about wallets.
We’ll also explain the ins and outs of how a Ripple investment works, what risks and potential rewards you need to consider, and how you can cash out your gains.
How To Invest In XRP - 5 Easy Steps Guide
This guide on how to invest in XRP will break everything down in Layman’s terms so that you do not make a purchase blindly.
If you’re strapped for time and simply want to invest in Ripple without reading our in-depth walkthrough - follow the steps below!
Step 1: Open an account with a regulated broker
Step 2: Deposit some funds with a debit/credit card, e-wallet, or bank transfer
Step 3: Choose the amount you want to invest in Ripple (XRP)
Step 4: Confirm the investment
Step 5: Leave your Ripple stored until you decide to cash out
As the 5-step walkthrough above highlights, the process of investing in Ripple (XRP) could not be easier. Best of all, there is no requirement to worry about cryptocurrency wallets - as regulated brokers like eToro will store the XRP tokens for you!
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What is Ripple?
While people usually use the terms Ripple and XRP interchangeably, they are actually quite different. In a nutshell, XRP is the cryptocurrency, while Ripple is the company that created XRP. However, you will mostly find that people refer to the cryptocurrency as Ripple. In fact, some people who are still young in the crypto market don't even realise the term XRP exists.
So, for the sake of keeping things simple, we might use the term Ripple to refer to the cryptocurrency from time to time.
One of the reasons why XRP is so interesting is because it conforms to a slightly different mode of operation than a standard cryptocurrency. In other words, it acts more like fiat currency, only that it is entirely digital. For one, the cryptocurrency is centralised and not decentralised like most of the other coins. This is because the coin was created by a private company to make profits.
Ripple, which holds most of the XRP available, wanted to develop a seamless way to send money globally. In other words, it is not just a cryptocurrency like Bitcoin or Litecoin. It is a payment protocol on a mission to modernise and streamline payments around the world.
XRP does not use distributed blockchain ledger technology as the other cryptocurrencies. Instead, it uses a common ledger that multiple people can access. The coin is not decentralised and is only controlled and developed by the company, Ripple Labs. It is much faster and claims to offer better security than the other open-source cryptocurrencies.
Merely a year after releasing XRP, researchers at MIT University named Ripple Labs one of the 50 Smartest New Companies. Some financial analysts and crypto optimists believe that Ripple could potentially replace SWIFT as a secure, reliable and standardised cross-border payment network.
As a result, most companies have adopted it, and it is continually attracting the attention of investors who want to tap into its success. In fact, the cryptocurrency is now backed by major investment firms such as the CME Group, Accenture, Google Ventures, Pantera Capital, IDG Capital Partners and Andreessen Horowitz.
This has enabled Ripple to grow significantly, and close partnership deals with renowned financial institutions. These include the Bank of America, UBS, Union Credit, Yes Bank, NBAD and MoneyGram
Whether you are investing in blue-chip stocks or a highly speculative cryptocurrency like Ripple - understanding the asset you are buying is crucial.
After all, you are going to be risking your own money on a financial instrument that isn’t guaranteed to increase in value. On the contrary, there is every chance that you will make a loss.
With this in mind, we are now going to explain the basics of Ripple and XRP.
So, Ripple is a digital currency project that was first launched in 2012. This makes it one of the oldest cryptocurrencies in the space - created three years after Bitcoin and two years before Ethereum.
The Ripple project itself is centralized, meaning that it is controlled by its founders. This is in stark contrast to the aforementioned cryptocurrencies, which are ‘decentralized’ and thus - not controlled by any single person or authority.
Nevertheless, Ripple was created with a clear goal - to revolutionize the cross-border payments industry. That is to say, Ripple’s underlying technology allows big banks and financial institutions to transfer funds domestically and overseas in a matter of seconds.
In addition to this, the fees associated with using the technology are minute. While Ripple is the technology that supports the network, XRP is the digital currency. The terms Ripple and XRP are, however, often used interchangeably.
Crucially, outside of the financial institution arena, the vast majority of people buy Ripple as a speculative investment. This means that they hope the value of XRP will increase over time, allowing investors to cash out for more than they put in.
How Does the Invest in Ripple (XRP) Process Work?
If there is one thing preventing investors from purchasing Ripple - it’s a failure to understand how the process actually works.
But, once you see how simple it really is, you’ll have no issues investing in some XRP tokens yourself. This is because the Ripple investment journey is no different from buying traditional stocks.
For example, if you bought $500 worth of stocks, which then increased by 50% - you would see returns of $750.
In exactly the same way, if you invest $1,000 in Ripple and you made 20%, you would cash out $1,200.
To make sure we clear the mist, let’s look at a simple example of how the Ripple investment process works in the real world.
- You open an account with an online broker that sells Ripple
- You deposit $2,000 and invest the full amount into Ripple
- At the time of the purchase, XRP is worth $0.83
- You hold on to the XRP tokens for four years
- When you get around to cashing out, Ripple is worth $3.10
- This translates into a price increase of 274%
So, as the above example shows, you originally invested $2,000 of your hard-earned money into Ripple. After just 4 years, the digital tokens increased in value by 274% - so your investment is now worth $7,470.
Just like stocks, it’s then a case of closing your position and seeing the proceeds added to your brokerage account balance. Finally, you then withdraw the cash out to your bank account.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Why Should you Invest in Ripple (XRP)?
There are many reasons why you might decide to invest in Ripple and its underlying XRP token.
This includes the following:
1. Huge Returns on Ripple Since it was Launched
In a similar nature to other popular cryptocurrencies like Bitcoin, the value of Ripple has skyrocketed since the project was first launched. When XRP eventually listed on a public exchange, it was priced at just $0.014. That's just under one and a half US cents.
With interest in the XRP project increasing in the preceding years, the value of Ripple continued in an upward trajectory. Then, in early 2018, the digital currency reached all-time highs of $3.84.
This means that in just four years of being listed on its first exchange, XRP grew by 27,000%. In real terms, this means that had you invested in Ripple at a stake of $2,000 in 2013, your money would have been worth almost $550,000.
However, and much like the rest of the digital currency industry, the value of Ripple then went on a prolonged downward spiral. XRP hit lows of around $0.28 in August 2018, meaning that in just 8 months the cryptocurrency lost 92% in value.
2. Cross-Border Payment Industry Needs to be Revolutionized
Ripple and its XRP token are looking to disrupt an industry that is in dire need of being revolutionized - cross-border payments. For those unaware, trillions of dollars worth of currencies change hands each and every day - with the vast majority of this dominated by big financial institutions.
Most of these transactions are facilitated by SWIFT. The key problem is that the system is not only slow and expensive, but it is fraught with red tape.
For example:
- Let’s say a large-scale factory in Kenya buys $10 million worth of raw materials from Australia
- First, a Kenyan financial institution will transfer the money to a corresponding bank that deals in US dollars
- Then the corresponding bank will convert US dollars into Australian dollars with the corresponding bank of the Australian exporter
- Finally, the corresponding bank will transfer Australian dollars to the bank account of the Australian exporter
- The entire process is facilitated by SWIFT
As you can see from the above, SWIFT isn’t a payments network at all. On the contrary, it’s just a middleman that sits between financial institutions and corresponding banks. Crucially, this is where Ripple and XRP step in.
You see, by using the Ripple payments network, there is no requirement for corresponding banks or the use of a third currency like the US dollar. Instead, banks can transact on a peer-to-peer basis through the Ripple network.
Most importantly, the XRP token is what bridges everything together - meaning that the underlying currencies of choice are irrelevant! All in all, as more and more banks utilize the Ripple technology, this will drive the demand for XRP up and thus - its market valuation.
3. Low Token Price and Small Market Capitalization
It is also worth noting that the barriers of entry are really low when you invest in Ripple.
This is because - even at its 2021 highs, you will only pay $1.83 per XRP token. In fact, if you use a regulated broker like eToro, the minimum investment required is just $10.
So, by meeting the minimum, this means that you would get just over 13 XRP tokens! In addition to this, Ripple also carries a relatively small market capitalization at $51 billion.
While at first glance this might sound a lot, the Ripple technology is already being trialled or used by over 200+ financial institutions.
In turn, if Ripple becomes the de-facto protocol for facilitating cross-border payments, a market capitalization of $51 billion will seem like a drop in the ocean.
Read Also: Ripple Price Predictions
Will The Value Of XRP Rise?
Like most cryptocurrencies, XRP is highly volatile. In fact, based on its price history, we can say that it is more volatile than both Bitcoin and Ethereum. So, predicting its price is a huge gamble, and that is why there is a very wide disparity in the various predictions.
For instance, while some speculators think XRP might hit the $500 someday, others believe it will stabilise below the $1 mark for a long time. In the meantime, most experts believe that for the short term, Ripple might now be nurturing an uptrend to the $2 mark.
Given that the volatility Ripple has experienced in the past spreads across the board in the cryptocurrency market, there are hopes that its price might look up just like Bitcoin and ETH. Already, there is a plausible improvement by the end of the year, an indication that we might be looking at a higher valuation in the coming days.
Will Meade, a billionaire hedge fund manager, and former project manager at Goldman Sachs, predicts that XRP will increase someday to attain its previous $3 price.
Likewise, Michael Arrington, a legendary tech investor and Founder of the famous TechCrunch, believes that XRP is set for a bright future since it is “... a really, really good way to move money.”
Other experts such as Financial service advisor Sean Matthew believe that XRP might be going back to its glory days in 2017 and 2018 when it surged above the $3 mark.
To better understand the value of XRP, let's look at its technical and fundamental and Sentiment analysis.
XRP Technical Analysis
This technical analysis helps us evaluate the investment opportunity in Ripple by analysing its statistical trends and price history. Looking at various price charts on different Ripple exchanges, it is undeniable that early Ripple investors might be set for a high ROI if the current trend holds.
For instance, if we consider data from CoinDesk, we can see that Ripple grew by over 30,000% from 2016 to 2018. If that trajectory were to repeat itself in the next two years, we can easily see Ripple's price jumping above the $60 mark.
On the other hand, experts working with the more realistic Fibonacci ratios predict between $4 to $10 per token in the next few years. From these, we can see that Ripple is likely to see an uptrend after more than three years of experiencing a bear market.
If these predictions come to pass, it would mean a huge opportunity for current investors to shine and expand their portfolios even more.
XRP Fundamental Analysis
Unlike the technical analysis, which predicts prices using historical market data, fundamental analysis looks at how macroeconomic factors (like current adoption rate) and microeconomic factors (like company management) can affect the value of Ripple in future.
Unlike other cryptocurrencies, Ripple created a solution that is directly applicable to the payments industry. This pits it against established financial institutions like Swift, MoneyGram and Western Union. So, if Ripple were to replace these institutions (as it currently plans to), its market cap would surge to an estimated $2.4 trillion by 2027.
This would then raise Ripple’s price to about $50 per token based on the current supply of 46.8 billion XRP. Given Ripple’s current momentum and the fact that it has partnered with various banking institutions, we see that while it is difficult, the company may succeed in becoming the number one payment infrastructure.
This would, in turn, mean outlandish ROI for its investors, developers and executives. Also, the fact that Ripple is a centralised private company means better management and less risk compared to decentralised coins.
How to Invest in Ripple (XRP) - Various Options Available
There are several ways in which you can invest in Ripple (XRP) - some easier and more cost-effective than others. As we discuss shortly, the most convenient way of doing this is to use a regulated online broker like eToro.
With that said, depending on where you live, you can also invest in Ripple via a cryptocurrency ATM.
Let’s explore how this works.
1. Ripple ATMs
As the name implies, cryptocurrency ATMs allow you to buy digital currencies through a physical terminal. They look and operate much like a traditional ATM, but in reverse.
That is to say, by inserting cash into the ATM, you will receive a proportionate amount of cryptocurrency. Now, on the one hand, there are more than 12,000 cryptocurrency ATMs scattered around the world.
However, only a small percentage of this figure allows you to buy Ripple. Instead, most ATMs only support Bitcoin. In fact, there are less than 250 cryptocurrency ATMs that allow you to buy XRP, so unless you live in a major city like Paris, New York, or Berlin - you'll likely struggle.
Nevertheless, if you are fortunate enough to live near a supported terminal, here’s how a Ripple investment works via a cryptocurrency ATM.
- You visit your nearest ATM and select Ripple from the list of supported coins
- You then enter the amount that you want to invest in your local currency
- For example, if you’re based in Germany then you might enter 100 EUR
- The ATM will then display the exact amount of XRP that you will get - based on the size of your chosen investment
- For example, a 100 EUR purchase might leave you with 90 EUR worth of Ripple after fees
- You insert 100 EUR cash into the ATM
- Finally, the ATM prints a ticket with your Ripple wallet credentials
Now, there are several flaws with the Ripple ATM route. Firstly, cryptocurrency ATM providers charge hefty fees.
After all, the machines need electricity to run, they need to rent the location that the ATM is positioned, and both maintenance and cash collection is required on a regular basis.
In turn, don’t be surprised if you end up paying a mark-up of between 10% and 20%.
Secondly, the investment process doesn’t end once you have left the cryptocurrency ATM. This is because you need to claim the XRP tokens via a Ripple wallet. Your private key and wallet address will be contained on the ticket that the ATM printed.
This is fine if you know what you are doing - but can be challenging if you’re a newbie. Additionally, don’t forget that all Ripple wallets required a locked deposit of 20 XRP to open. You can’t touch these funds for as long as you keep the wallet active!
Taking all of the above into account, we would suggest that you invest in Ripple through an online broker.
2. Ripple Exchanges
In a nutshell, by using an online exchange to invest in Ripple, it is entirely feasible to complete the process in less than 10 minutes. This is because you can quickly open an account by providing some personal information, and then instantly deposit funds with a debit/credit card.
In some cases, you might even be able to deposit via Paypal - which is also instant. Then, it’s just a case of deciding how much you wish to invest. As we uncover in a bit more detail shortly, online brokers are significantly cheaper than Ripple ATMs, too.
Additionally, if your chosen broker allows you to invest in Ripple with a fiat currency deposit method, then it must have the legal remit to do so. As such, the platform is required to keep your investment funds safe and ensure that it keeps criminal activity at bay.
Would you consider investing in Ripple XRP?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How to Choose a Platform to Invest in Ripple
In the section above we discussed how using an online broker is the best way to invest in Ripple. While this is true, the most difficult part is not only finding a trusted provider - but one that charges reasonable fees and accepts your preferred payment method.
As such, below you will find a range of factors that need to be considered before you invest in Ripple with a new broker.
1. Licensing and Reputation
Before you even get to metrics surrounding fees and payments, it’s crucial that you explore the regulatory standing of your chosen Ripple broker. This is because the cryptocurrency space is dominated by unregulated platforms.
The key problem for licensing bodies around the world is that digital currencies are borderless technologies. As such, if one government bans the unregulated platform it will simply move overseas.
Fortunately, there is a small selection of brokers that allow you to invest in Ripple in a safe and secure environment.
For example, eToro is regulated by three reputable license issuers. This includes the FCA, CySEC, and ASIC. For added weight, the platform is also registered with FINRA - which allows US citizens to safely invest in Ripple.
2. Fees to Invest in Ripple
Once you are sure that your chosen Ripple broker is licensed and fully regulated, it's then time to turn to the financials. At the forefront of this is the commission that you will need to pay to invest in Ripple.
This works like a traditional stock trading site - insofar that you will likely pay a variable commission that is based on the amount you invest in Ripple. For example, Coinbase will charge you 1.49% when you invest in Ripple, and again when you cash out.
This means that by investing $500, you will initially pay a commission of $7.55. If you chased out your Ripple investment when it was worth $800, then your 1.49% would translate to a commission of $11.92.
Although at first glance this might sound competitive, it really isn’t.
In addition to this, Coinbase - and most other Ripple brokers, charge you to deposit funds with a debit card. This stands at a huge 3.99%.
3. Minimum Ripple Investment and Payments
Once you are happy with the broker’s commission structure, it’s then time to see what the minimum Ripple investment is. At eToro, this stands at just $25. Other platforms require significantly more, so do check this out for yourself.
And of course, you also need to check what payment methods you can use to invest in Ripple. As we noted earlier, the easiest way to fund your Ripple broker account is to use a debit/credit card or e-wallet - which are instant.
If, however, your chosen broker only allows you to invest in Ripple via a bank transfer, you might want to reconsider. This is because it can take several days for the funds to arrive.
4. Storage and Cashing Out
Finally, it is also important what will happen after you have completed your Ripple investment. As we covered earlier, withdrawing XRP tokens to a Ripple wallet is an absolute pain.
Not only do you need to feel comfortable with wallet security, but you need to lock up 20 XRP to keep it active. This is why we think it’s best to use a regulated platform like eToro which can store your Ripple tokens for you.
This FCA, ASIC, and CySEC regulated broker utilized institutional-grade controls to ensure that your Ripple investment remains in safe hands until you decide to cash out.
When you do, it’s then just a case of clicking on the ‘Sell’ button. In doing so, the funds will immediately appear in your eToro cash account - ready for you to withdraw out!
Ready to invest in Ripple XRP?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tips On How To Invest in Ripple (XRP) And Make A Profit
Before you go ahead and begin the purchase process, check out the three tips listed below on how to invest in Ripple, and make a profit!
Tip 1: Set Some Financial Goals
Unless you are planning to invest in Ripple on a perpetual basis, you will at some point need to think about cashing your tokens out. As such, always set yourself some financial targets in terms of profit. This can be as simple as selling your Ripple investment when XRP hits $5.
Tip 2: Dollar-Cost Average Your Ripple Investments
Ripple is a volatile cryptocurrency - so it’s best to invest via dollar-cost averaging. This means that you might invest a fixed amount at the end of each month.
On each investment, you will pay a different price as per market conditions. In turn, you will average out your cost price, and thus - there is no need to worry about short-term volatility!
Tip 3: Diversify Your Ripple Investment
Experienced investors will rarely put more than 10% of their portfolio into a single asset. As such, it’s best to diversify your capital into several digital currencies - maybe adding some Bitcoin and Ethereum too.
You should then consider adding more traditional asset classes to reduce your exposure - such as stocks and bonds.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Now, if you believe that Ripple will make for a profitable addition to your investment portfolio, we are going to show you exactly how to invest in it.
There are three methods you can invest in Ripple:
- Buy and hold XRP
- Invest in startups and companies
- Trade Ripple for the short-term
Method 1: Buy and Hold XRP
This is the most popular and simplest method of investing in Ripple. All you have to do is buy XRP and hold it in your online or offline wallet, then sell later when the prices go up.
For instance, if you invest $50 right now, you can get around 45 tokens of XPR. Next, you store these tokens in your wallet then wait until the price goes up. Let's say in three years, the price will be $10 per token. That means, if you sell your tokens then, you will have about $400 in profit that you didn’t even work for.
Now, imagine you buy XRP worth $1000 or more? How much will it be worth in three years? While future prices can only be speculative, it is possible that the more you buy now, the more profits you will enjoy later.
Of course, this is a long-term investment, and you should only do it if you are not in a hurry to make money. The best you can do is buy and forget about it until the right price comes along.
How to Buy Ripple
Buying Ripple is not as straightforward as buying other cryptocurrencies. You can buy it using fiat currencies like the USD or other cryptocurrencies like Bitcoin.
There are several exchanges from where you can buy the coin. Our personal favourites are eToro and Coinbase. After buying, you can store their coins online or offline in a cold wallet.
Method 2: Invest in Startups and Companies
This method is not as popular as buying and selling XRP. We recommend it if you are a more seasoned investor and understand the market well.
In this case, instead of simply buying and holding XRP, you invest in companies or startups based on Ripple or other cryptocurrencies. This kind of investment might be a bit complicated with Ripple since it is centralised crypto and mostly controlled by the developers.
So, the best way to go about this is to invest in promising companies dealing in other cryptos such as Bitcoin then use your profits to buy and store Ripple like in method one.
Method 3: Trade for the Short-term
Unlike buying and storing for the long term, trading is a short-term investment strategy. To trade, simply buy Ripple and sell it as soon as the price goes up, then buy again when the price drops. All these can be done within hours instead of waiting for years for the price to go up.
So, in this case, you will simply be taking advantage of live price movements to make small profits. You stand to make much more, and the risk of capital loss is minimised since you will be frequently selling instead of holding.
However, trading requires skills and is time-consuming since you spend most of your time monitoring price movements.
Ready to invest in Ripple XRP?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How to Invest in Ripple Today - Step-by-Step Walkthrough
So now that we have explained everything there is no to know about XRP - we are now going to show you how to invest in Ripple today!
Step 1: Open an Account
Head over to the eToro website and click on the ‘Join Now’ button. Following the on-screen instructions by entering some personal information and contact details. Confirm your mobile number by entering the code sent to you.
This part of the process should take 3-4 minutes at most.
Step 2: Upload Some ID
As per anti-money conditions, eToro will ask you to upload some ID. Simply submit a clear copy of your passport/driver’s license and proof of address. The latter can be a bank account statement or utility bill.
Note: If you are not investing more than $2,250 into Ripple right now, you can upload the above documents at a later date.
Step 3: Make a Deposit
Before you can invest in Ripple, you will need to deposit at least $200 into your eToro account.
You can choose from the following payment options:
- Debit Card
- Credit Card
- Paypal
- Skrill
- Neteller
- Sofort
- Trustly
- Bank Transfer
Don’t forget, non-USD deposits will incur a small FX fee of 0.5%.
Step 4: Search for Ripple (XRP)
Once your deposit is processed, enter ‘Ripple’ into the search box at the top of the screen, and then click on the ‘Trade’ button.
Step 5: Complete Ripple Investment
You will now see an order box. Enter the amount of money that you want to invest in Ripple (minimum $10). Finally, click on the ‘Open Trade’ button to complete your-free Ripple investment.
Step 6: Cashout Your Ripple Investment
Once you have invested in Ripple at eToro, the XRP tokens are stored on your behalf. When you decide to sell your Ripple investment, just head over to your portfolio and click the ‘Sell’ button.
The cash will then be added to your eToro balance - which you can then reinvest or withdraw to your payment method.
Is It Too Late To Invest In Ripple?
Most wannabe Ripple investors are still on the fence as to whether they should invest. On the other hand, some think that it’s too late to start investing. While digital coins such as Bitcoin have been around long enough to disrupt the financial sector, the cryptocurrency market, in general, is still young.
This means that it is not too late to invest in any cryptocurrency, including Ripple. Diving all the way in is not a good idea either. Fear of missing out (FOMO) is very real in the crypto market, and many people have lost their money this way. So, while we advise that you start investing as soon as you can, you should first do your research, understand the market then decide for yourself if you are ready to start investing.
As long as you believe that blockchain technology has a place in the financial market, it is never too late to invest in Ripple. Remember that the cryptocurrency market is highly volatile, and you can lose your money as quickly as you can double it. Never invest more than you are willing to lose, and never make hasty investment decisions.
So, Should I Invest In Ripple?
Like with most investments, investing in Ripple is all about the risk vs reward factor. Before investing, you need to consider whether potential rewards are more than associated risks or vice versa. It is undeniable that Ripple, like most cryptocurrencies, has some risk factors.
For instance, its founders still hold a huge amount of the coins, it is not decentralised, there won't be any new Ripple in the market, and it can only be mined by its developers.
However, given the backing from investors and big financial institutions, Ripple might see bigger mainstream adoption compared to other cryptocurrencies. This means a lucrative opportunity for early investors to enjoy big returns on investment.
Ripple is a low-risk investment that promises plausible rewards. However, you should do some research then decide for yourself if Ripple is worth adding to your portfolio.
So, if you buy while the price is still low, you might have a rare opportunity to diversify your investment portfolio without exposing your other assets to significant risks.
How To Invest In Ripple XRP- The Bottom Line
Like any coin, there is a high degree of risk involved if you're considering investing in Ripple. However, given the low price point, it could have the possibility for a high return with low barrier to entry.
If you want to invest in Ripple XRP in the safest and most convenient way possible - forget cryptocurrency ATMs and exchanges. Instead, opt for a regulated broker like eToro.
Not only will you have the protection of the CySEC, and ASIC - but you can invest in Ripple from just $10.
Furthermore, you can instantly deposit funds with a debit/credit card or e-wallet.
You never know, Ripple could skyrocket as high as Bitcoin is today, and you might be thanking yourself in several years.
To invest in Ripple right now, choose a regulated exchange like eToro, meet the minimum deposit of $50 with your debit/credit card or e-wallet, and buy a minimum of $10 worth of XRP. This should take you no more than 10 minutes.
eToro – The Best Platform To Invest In Ripple XRP
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.
FAQs Invest In XRP Ripple
How much should I invest in Ripple?
The amount you invest in Ripple is a decision that only you can make. You need to take into account the risks and rewards of buying XRP, and ensure that you never invest more than you can realistically afford to lose.
Is Ripple a good investment in 2023?
Ripple has increased in value by over 730% since its 2021 lows of $0.22. Although these returns are huge, nobody knows what will happen in 2023. With that said, as more and more financial institutions begin to use the Ripple technology, this is sure to have a positive impact on the price of XRP.
Can I invest $100 in Ripple?
Yes, Ripple is one of the lowest-priced cryptocurrencies - with 2021 highs at just $1.83 per XRP token. The minimum amount you can invest in Ripple is dependent on your chosen broker. At eToro, it’s just $25.
Can you lose money on Ripple?
Of course. All investments come with a risk of financial loss. This is especially true with Ripple - which is a high-risk, speculative asset class.