Find Out How To Invest In Ripple Online

To start, I’ll tell you a bit about Ripple. I’m sure you already have an idea about this cryptocurrency (otherwise you wouldn’t be here), but a little reminder to get started never hurts. After we will see Why and comment and or buy Ripple, etc.

What is Ripple XRP?

Now, before we start talking about Ripple, it’s important to know that – the cryptocurrency we call “Ripple” is not actually called “Ripple”.

You’re confused, I know, but stick with me.

Ripple is the name of the system in which the cryptocurrency operates. On the other hand, the currency is called XRP. However, people are so used to calling it Ripple that no one cares about it anymore and everyone understands the meaning. So for the sake of simplicity, in this tutorial, I will be referring to currency using the word Ripple (unless stated otherwise).

Now that it’s clear … What is Ripple?

To put it simply, Ripple is a centralized crypto currency which was started in 2012 by Chris Larsen and Jed McCaleb. I used the word – centralized correctly. Ripple is one of the few centralized cryptocurrencies that has stood out.

The term centralized means that Ripple is owned by a company – most of today’s cryptocurrencies are decentralized, which allows anyone to have the opportunity to contribute to its development. Decentralized cryptocurrencies have become the norm in the field – they are seen as the future of cryptocurrencies. And yet, Ripple succeeded, how is it done?

The Benefits of Ripple

For a long time, XRP Ripple was considered “the Bitcoin killer”. It’s a pretty daring name, but the currency had some arguments to make.

First, because Ripple is centralized, it thrives in its personalized ecosystem. This allows transactions made with Ripple XRP to be extremely fast, especially when compared to those of Bitcoin.

What has also greatly contributed to Ripple’s success is its relationship with banks. Ripple partners with over 100 banks around the world, enabling currency to be widely accepted. If you have an idea about cryptocurrencies, then you understand how important it is.

Currently, there are governments that outright ban cryptocurrencies from their countries. Ripple is the only cryptocurrency that has the green light – because it is centralized and regulated, institutions like banks are more forgiving and less suspicious.

The Value of Ripple

At the time of writing this article, Ripple is currently worth $ 0.44. The Ripple company claims to have developed a system to help the Ripple course to gradually increase.

The system is quite simple: when Ripple launched, 1 billion XRP Ripple units were issued to the public. The protocol was designed so that no more coins can be created – this means that when you use XRP in a transaction, the amount you used is permanently lost. Thus, the principle of rarity is applied – the fewer XRP Ripple units, the more valuable they become, just like gold or diamonds.

With the crypto market being so volatile, it’s hard to say whether this principle works or not. However, the fact that Ripple is still in the 3rd place in the market and people are still looking at how to buy Ripple is definitely a good sign.

How to Buy Ripple?

So… How to buy Ripple?

Buying Ripple can sometimes be more difficult than buying Bitcoin. And it’s not just because Bitcoin is so popular.

As Ripple is centralized, not all crypto exchange platforms list it. It’s kind of a drag for people looking for where to buy Ripple, when they see that their favorite platforms don’t host this currency. This is the case with people looking to buy Ripple on Coinbase – it’s just not possible (at least not with traditional methods).

For people residing in the US looking to invest in Ripple – there are a few sites that offer good exchange rates and transaction fees.

I have included a list of the most popular methods and platforms to buy Ripple. This list is not sorted in any particular order.

BitStamp

If you are thinking about buying Ripple XRP, BitStamp (according to popular opinion) is one of the most popular and easy ways to do this.

Even on Ripple’s official website (ripple.com), BitStamp is at the top of the list in the “Guide to Buying Ripple XRP” section. So, how to buy Ripple on this platform?

First you will need an account. Your last name, first name, e-mail address and country of residence are required to create a profile on the site. After that, you will get a unique user ID and password for your account. Remember this information – you will need it to log in!

Then, to be able to buy Ripple, you will have to verify your account. You can do this by providing proof of your identity.

In fact, many people shy away from the idea of ​​verifying their accounts in the crypto world. They prefer to trade privately and anonymously, and thus verifying their identity is against their principles. However, you have to keep in mind that Ripple is centralized. It is therefore completely legal to buy Ripple, and to trade with it (unless otherwise specified by the government of your country). In this case, these verification processes are completely normal procedures.

Note: For added security, you can also set up 2-factor verification on your account, although this is not mandatory.

When you complete this process, you can then proceed to deposit fiat currencies into your BitStamp account and use them to purchase Ripple.

So, Thinking of buying Ripple from the United States? BitStamp is ideal for this – the platform provides its services to its customers in EU countries and the United States.

Kraken

There is also another very popular option for investing in Ripple in the US and EU countries, and that is Kraken. It is one of the best known and beloved crypto trading platforms in the market.

For quite some time, Kraken has been known to be the world’s most trusted trading platform. Based in San Francisco, Kraken was launched in 2011 – just two years after the creation of Bitcoin. Needless to say, the business was very successful afterwards.

How to buy Ripple on Kraken? Well, the process is similar to that of BitStamp. You create an account, verify it, then verify your identity and that’s it – you can invest in Ripple! You will need to deposit fiat currency on the platform to purchase Ripple. The most commonly used fiat currency on the Kraken is, logically, the US dollar.

If you are looking for ways to buy Ripple in the United States in particular, then Kraken is one of the best places to do it – not only is it popular and trusted, but it is also based in the United States. This makes it much easier for you to verify your identity and purchase Ripple.

Cex

Cex.io is a crypto platform which is widely used by people who want to buy Ripple online. While not as popular as the other platforms on this list, Cex has succeeded in gaining a reputation as a reliable platform.

The reason you might not have heard of it is that it is mainly used by the crypto community in Europe and the UK. Cex is both a crypto platform and a crypto wallet – making the process of buying, selling and trading cryptocurrency easier.

The platform was launched in 2013 and is fun for beginners. Cex also gives you the option of storing your funds in offline storage areas – providing an additional layer of security.

Buying Ripple on Cex is pretty straightforward and similar to other platforms on this list. Sign up, verify your account and identity, and deposit popular fiat currencies or cryptocurrencies like Bitcoin or Litecoin – and voila! You are ready to buy Ripple.

Ripple Coinbase, what’s the problem?

A lot of people are doing research like “Ripple Coinbase” hoping to find a way to buy Ripple on Coinbase. However – they quickly find out that their Ripple Coinbase search does not yield any results because the platform simply does not list this cryptocurrency.

But if it is not possible to buy Ripple on Coinbase, it is not inevitable, there are several other ways to buy Ripple. If you want to get Coinbase involved, you can buy another cryptocurrency on their platform and then use it to buy Ripple elsewhere.

It may sound complex, but it’s worth it. You see, Coinbase is the first stopover for people who are just getting into cryptocurrency and want to start trading. This is why Coinbase only offers a few major cryptocurrencies for trading (like Bitcoin, Ethereum, etc.). In addition, the platform tends to have very reasonable trading fees – which attracts a lot of people to the platform.

Acheter Ripple – Conclusions

As you can see, cryptocurrencies are causing a huge craze across the world. People aren’t just looking to buy Ripple – all popular cryptocurrencies are. And, truth be told – this craze keeps growing.

Thinking about it, we say to ourselves that it would make sense for cryptocurrencies that are decentralized to attract the most interest from the public. After all, the concept of a cryptocurrency is based on the freedom and the decentralization. Then, XRP Ripple stands out.

Ripple’s success in the market means that people are still interested in it, and the project is grand and promising, Ripple XRP is gaining more acceptance among the rather decentralization-oriented crypto community … Of course, that shows the strength of this centralized project.

In this tutorial, the goal is not only to know how and where to buy Ripple. I wanted you to get a general idea of ​​the situation – not only to learn more about the buying process, but also to understand why thousands of people around the world are looking to invest in Ripple.

Well we have reached the end of our guide on “How to buy Ripple?”. Hope you will very quickly use what you have learned to find the best Ripple trading platform for you!