This article broadly talks about where to buy XRP (Ripple) cryptocurrency. As a matter of fact, cryptocurrency and blockchain technology is gaining mainstream popularity extremely fast in our time. As a result of this, people keep interacting with cryptos day by day. More especially XRP, Bitcoin (BTC), Ethereum (ETH), and more other existing altcoins every day.
Naturally, this has led to mass interest when it comes to cryptocurrencies trade precisely. As users keep engaging themselves with crypto, many also have the willingness to buy and sell cryptos. Are you one of those people?
If you said yes to that question, we’ve got you covered crypto fan! If you are interested in buying XRP but you don’t know how to go about it, then get ready to learn everything you need to know to answer the where to buy XRP question yourself. Reading this guide will aid you to know where you can purchase XRP without any hustle.
In this our where to buy XRP newsletter, I’m going to exclusively explain with details about where to buy XRP. We would also talk about Ripple (XRP) cryptocurrency itself and the company behind it. Further, I will also take advantage of this moment to let you know where to buy XRP for trading.
Also, we will further explain several different ways that you can easily use to buy XRP via the internet. Crypto advocates longing to trade XRP can do so at all times regardless of their whereabouts. However, knowing where to buy XRP and a reputable crypto exchange is what we are keen to guide you on. Don’t worry, you are not alone. We are here to help you.
Honestly speaking, many investors don’t know a proper way of handling XRP in their crypto investing journey. Investing your hard-earned money in XRP can be worth a thing. On the other hand, XRP can be pretty intimidating for both beginners and professional traders as well.
As said, XRP can be intimidating for traders if it appears that you don’t know much about it. For this reason, it is worth mentioning that doing your due diligence to know much about XRP and where to buy XRP is a good step.
Moreover, along the way, I will tell you where you can invest in XRP and the possible associated risks that you may encounter. Remember that guiding you on where to buy XRP is our top priority. Without further delay, let’s get started with a short overview of what Ripple is.
What Is Ripple (XRP)?
Like other popular digital assets including Bitcoin and Ethereum, Ripple is also one of the heavyweight crypto companies. It strives to be the “Internet of value”. Ripple was mainly designed to facilitate peer-to-peer (P2P) transactions.
Ripple started operating as a cryptocurrency in 2012. Chris Larsen and Jed McCaleb are the creators and masterminds behind Ripple’s success.
As an open-source monetary protocol, Ripple continues to gain momentum day by day. It is the parent company of XRP, which is also its native token. It serves as an empowerment tool that powers the overall transaction activities within the Ripple existing community.
In terms of technology, the XRP token is very user-friendly. Aside from this, the XRP protocol is an ever-growing blockchain-based tech available for any financial institution aiming to transact across the globe. With XRP, fintech companies can easily convert and transfer their funds.
Although we are eager to let you know where to buy XRP cryptocurrency for your comfort, let us first tell you how long XRP takes to process transactions. One XRP transaction takes 4 just 4 seconds on average to complete. Aside from this, it processes more than 1500 transactions per second.
As per Ripple, banking institutions can save about $3.76 for every transaction if they use its open-sourced protocol. This indicates that the more banks execute transactions, the more saving they do. This sounds awesome.
Where to Buy XRP?
Crypto exchanges come and go but where to buy XRP should not be your worry in any way. There are countless reputable crypto exchanges where you can easily choose to buy and sell XRP assets. In particular, as a trader, you can purchase XRP from several major exchanges of your choice. We don’t decide for you. The decision is yours.
These exchanges include Binance, Coinbase, Bitstamp, Kraken, GateHub, and others.
In this essence, we at CoinQuora do not tell you which exchange to buy or sell XRP. Instead, we only wish to enlighten you so you will know where and how you can go about buying XRP.
Without further delay, join me to briefly explain the aforementioned exchanges one by one in our where to buy XRP article. In doing so, you will get a broad knowledge to be able to decide on the preferred exchange you buy and sell XRP.
First on our list is the Binance exchange. If you are interested in buying cryptocurrencies, particularly XRP, then you can easily buy from Binance. Of note, Binance operates as a decentralized crypto exchange.
It is the top and leading cryptocurrency exchange currently. Also, as part of its peer-to-peer (P2P) crypto-related activities, Binance mainly does crypto-to-crypto and fiat-to-crypto services and vice versa. Aside from XRP, Binance also supports other altcoins.
Next is Coinbase. Coinbase is considered one of the biggest and heavyweight crypto exchanges that you can rely on. It is a decentralized crypto exchange working to provide overall XRP services. It has a customized and user-friendly interface that accelerates how users interact with the exchange every day.
At the start of its services, Coinbase was only enabling trading for Bitcoin (BTC). To increase its services for customers satisfaction, Coinbase quickly included other cryptocurrencies services that matched its decentralized standard.
To be specific, you can buy and sell XRP assets by using Coinbase exchange. As a trader, you can also use Coinbase Pro – an advanced trading platform for traders and every crypto enthusiast.
Last but not least, we have Kraken. Kraken exchange is also one of the best and preferable crypto platforms where traders can easily buy XRP. Historically, Kraken presents itself as one of the oldest and the largest of exchanges. Even more, aside from supporting XRP, Kraken also supports many other cryptos.
Since its inception in 2011, Kraken exchange has been offering well-rated and advanced XRP services to date. Furthermore, the exchange also allows margin trading and over-the-counter (OTC) trading options to anyone.
With its easy-to-use platform and convenient user-friendly exchange, Kraken does well by speeding XRP use cases. Note: You can do every XRP-related activity by using the Kraken exchange all the time.
Important note, before buying XRP cryptocurrency, make sure that you have your Ripple wallet readily available. In this case, you have the option to choose which wallet will be suitable for you. Just make sure you pick a software or hardware wallet that can securely store your XRP asset. Take a look at a few examples of XRP wallets: Ledger Nanos X, Edge, TREZOR Model T, Exodus, etc.
Comparatively, software wallets come as free blockchain-based programs. On the other hand, they are less secure compared to hardware wallets in function. Still, Software wallets are most convenient for handling a smaller amount of money.
Unlike Software wallets, Hardware wallets look promising and are much safer compared to Software wallets. In brief, Hardware wallets are those of the physical devices that join your personal computer. It safeguards users’ private keys via the computer itself.
Once you secure your Ripple wallet, you can forwardly create your XRP address. This happens after you get your wallet. At this time, you can directly embark and purchase XRP from all the above-mentioned exchanges. Also, in the course of trading XRP, you can even use your debit card in the buying process.
Due to how XRP is currently booming in popularity around the world, few banks have started welcoming the Ripple protocol at a faster rate. These banks mainly include Santander, Axis Bank, Yes Bank, Union Credit, NBAD, and more others.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.