The Ripple has become the talk of the town recently. It has become a well-known cryptocurrency in the market right now. It is worth more than $0.71 per coin and it is continuing to increase. The name of the coin is XRP Cryptocurrency but it is known as Ripple. It is different from many other Cryptocurrencies because it is made by a private for-profit company. They are making a frictionless way to distribute the money globally. Also, they are the largest holder of the Ripple. In the beginning, it was one of the hard cryptos to buy. But now this has changed.
Here you can find all the details of Ripple and how to buy Ripple.
Know about Ripple (XRP Cryptocurrency)
Ripple is a payment processing platform that permits transactions globally. Its coin is XRP Cryptocurrency. The company began in 2012 and is continuing to grow. That is why many currency speculators are having their eyes on it. The Ripple makes use of the blockchain ledger same as Bitcoin and other Crypto. But there are also some differences in technical matters but Ripple is fast and secure.
Why is Ripple different?
Ripple is different from other cryptocurrencies like Litecoin and Bitcoin. The creators of Ripple are a private, for-profit company. At first, over 100 billion XRP got released in the market. But 20 billion was with the creators and the remaining was offered to Ripple Labs. Now Ripple has placed 55 billion XRP in the escrow account. They wanted to ensure that this crypto has stability in the market.
Many people are calling Ripple the bitcoin-killer from 2014. Recently only it has gained more popularity and momentum. It has explosive price increases, the same as the other currencies. But when compared with other cryptos it is cheap.
You may also read: Best Cryptocurrency Platforms in 2021-2030
Where to buy Ripple (XRP Cryptocurrency)?
First, you have to realize that Ripple crypto is under SEC investigation. Many exchanges have decided to de-list the XRP. You will be able to hold the XRP in places such as Coinbase. But there is no way to transact it. There are rumors that Coinbase will permit XRP trading. Some of the options are Coinmama, Kraken, and Uphold.
Also, Ripple is not an easy investment. It uses many steps such as investing in the basecoin and also transferring the account and then investing in Ripple.
Here are the steps that will help you to invest in XRP
1. Make a Coinbase account
The first thing you have to set up is the Coinbase account. You will receive a bonus of $5 if you try to deposit $100. Coinbase is a famous choice as it has many currencies available easily. You can buy XRP Cryptocurrency easily on the app with Bitcoin and other Cryptos. Then you can also transfer the US dollars.
2. Buy Ripple
After you get the Bitcoin in the Coinbase you can easily buy XRP. In the account go to Ripple (XRP) and place a trade. Then it will show in the Coinbase account. Now you can track and follow up with the cryptocurrency with ease.
How to buy Ripple?
You will not be able to buy XRP directly from Coinbase. It suspended Ripple on January 19 after the SEC accused the creators of Ripple of unlawfully raking $1.3 billion in profits. It seems that Ripple Labs did not register with the SEC when offering digital asset securities. But you can follow this method to buy Ripple.
- First of all, open the Atomic Wallet app.
- Then click buy.
- In the ‘You send’ type how much XRP you want to buy and then choose the fiat currency.
- In the ‘You Get’ choose XRP.
- Click to Continue. There will be a 5% fee.
- You will be directed to the Simplex checkout page. Fill in the card details. Then agree to the terms and conditions.
- You will receive a verification code at your email address. Input the code and your order will get processed.
These are the ways that will help you to buy Ripple. At the moment its case is still going on. But still with the method given here you can buy the Ripple Crypto.
You may also read: Is it Legal to Purchase Cryptocurrency?