XRP is the cryptocurrency supported by the ripple network. It’s among the top cryptocurrencies in the world and is certainly worth investing in. Ripple is an American technology company that was founded in 2012. It aims to revolutionize the global banking system through its RippleNet network based on a Ripple protocol. This digital payment protocol recently started to be adopted by many banks and institutions such as Finestra in the UK, Royal Bank of Canada, American Express, which affected the increase in the price of XRP. If you want to know how to buy XRP, and how to store them, first you have to know where to buy XRP. This article enlists all the viable options below.
The most appropriate way to buy and store your cryptocurrency is by using the services of cryptocurrency exchange platforms. When it comes to these platforms, they offer fiat money to crypto transactions and crypto to crypto transactions. That means you can transfer dollars, euros, pounds, or any other currency into XRP and vice versa. However, not every platform allows transferring your assets from the platform’s account into a digital wallet.
You can receive and store your XRP using digital wallets. Like any other digital wallet, a ripple wallet can be physical or online and is protected by the private key to which only you have access. Among the popular physical ripple wallets in the form of USB is Ledger Nano S and when it comes to an online wallet supporting Ripple, good choices include Toast Wallet and Abra Wallet.
For those wondering how to buy Ripple XRP in the UK with GBP, the first step is to look at the crypto exchange reviews to opt for the one that is suitable for buying XRP and operating in the UK. Once you have chosen your cryptocurrency exchange platform, you can start buying XRP with GBP by opening an account. Then you need to make a deposit in pounds via wire transfer or credit/debit card. And the last step is to buy your cryptos according to your GDP balance. The minimum initial deposit is equivalent to 20 XRP. Usually, bank transfers do not imply any fees while credit card transfer includes fees that may depend on a credit card provider.
Some platforms enable you to purchase XRP with PayPal, which is one the fastest ways. Still, when it comes to how to buy XRP you should start searching for platforms that offer this option. Also, to have the option of purchasing XRP via PayPal. But, you need to comply with the terms of Paypal itself and pass all the necessary approval and verification process with regards to their policies and conditions.
You can buy XRP in the US directly with US dollars using a credit card or bank transfer and store your assets on a digital wallet. Or you can go through the digital cryptocurrency exchange platform of your choice, deposit your money, and buy the cryptos.
To buy XRP on Bittrex, first, you need to create your account, pass through the verification process, and then deposit your funds. After completing all these steps go to the “Markets” button to view your options and click on the currency you want to buy, which is in this case, the XRP. For instance, let’s say you want to buy XRP through USD. Click on “Buy” and fill out the amount/quantity. Then go to the “Buy Ripple (XRP)” button to complete the purchase.
Poloniex is a crypto exchange platform that has partnered with a payments processing company Simplex to allow users to purchase XRP among many other altcoins. You can make a deposit and purchase XRP with your debit and credit cards and have your XRP stored directly on a Poloniex account. Simplex charges a 3.5% processing fee per transaction. After determining the amount of crypto you want to buy, you will be redirected to Simplex for processing your payment. If you are using the service for the first time, you have to verify your ID. Beware that you can’t withdraw your coins and cash out to your card through Simplex. You can only use Simplex.com to purchase crypto and have it deposited to your Poloniex account.
Create an account. Verify your identity. To prevent identity theft or fraud, you will need to provide photo identification to ensure it is you. Then buy XRP. Only 20 XRP is enough to start. You can either pay with your credit card or your bank account.
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