If you are about to buy cryptocurrencies in the UK and you are thinking about Ripple you might be asking questions like is XRP worth buying 2020, and where to buy XRP UK. Here is the complete guide of where and how to buy Ripple in the UK.
Is XRP Worth Buying in 2020?
XRP has shown enormous potential during the last couple of years since it currently has more than 300 cooperation partners and financial institutions who use the RippleNet network. Who in particular, carry out cross-border payments quickly and at low cost. Besides, XRP is the third most valuable crypto by market cap.
XRP, the token used by Ripple, is one of the must-buy cryptocurrencies if you want to diversify your portfolio. The best way to get it is to buy it with a bank card or exchange it for another cryptocurrency on cryptocurrency exchange platforms.
Buy Ripple with GBP
Buying XRP is becoming easier every day since almost every exchange platform will allow you to fiat to XRP and crypto-to-crypto transactions. That means if you have some bitcoins and you want to exchange them for XRP you need to perform a crypto to crypto transaction. In case you are willing to use pounds to buy XRP, it’s a crypto to fiat transaction. You can buy XRP using the following methods:
- Credit/Debit card
- Bank Transfer
Where to Buy XRP in the UK?
So, you have decided to buy XRP, but the question arises: Where is the best place to buy XRP in the UK? Buying cryptocurrency by credit card via digital currency exchange platforms is the best option. Here are some platforms allowing you to buy Ripple in the UK.
Buy Ripple with a Credit Card on eToro
eToro is one of the best platforms where XRP is worth buying in 2020.
Start by creating your account. The platform will ask you for some information, including your last name, first name or email address. Also, you will need to enter a username and password.
Start your process by registering on the eToro website. Once this step is over, deposit funds using your credit card, by going to the “Deposit of funds” page.
On the eToro dashboard, next to the amount is the conversion rate. Finally, you can buy your cryptocurrency by typing “XRP” in the search bar and selecting Ripple. This will then redirect you to the page dedicated to purchasing Ripple. All you have to do then is click on “Invest”, enter the amount, and complete your purchase with “Open position.” Complete your process by purchasing Ripple.
Coinbase is perfect for beginners. Being one of the world’s favourite cryptocurrency buying platforms, Coinbase is also very intuitive for beginners.
It will take longer to create your account on Coinbase than on eToro, but this is for security reasons. You will have to start by entering your name, first name and email address. Then you need to choose a password. When you log in, you will then need to verify your identity by entering a phone number (which will also be verified via a code) and providing photo identification.
Once this step is completed, you can buy your XRP. To do this, go to the “Buy / Sell.” In the drop-down menu, choose Ripple (XRP), and finally choose your payment method. All you need to do is define, and the purchase will be complete.
A little more for the experienced, Binance remains a very good choice. Originally an exchange (allowing crypto-to-crypto trading), Binance has recently enabled the purchase of cryptocurrency through Fiat currency.
Among the three platforms mentioned above, the registration process on Binance is the fastest as you only need an email address and password.
You can then go to “Buy cryptos”, then to “Credit/Debit card.” Select the Ripple, your amount, and then continue with “Buy XRP.”
Buying Ripple on Binance with Credit Card
Paying by credit card is the easiest way to buy any cryptocurrency. The transaction is also done instantly, unlike purchases by bank transfer.
However, pay attention to the differences in fees between the bank card and the bank transfer in particular. Taking the example of Binance, the card transaction fee is 3%, while by wire transfer there is no charge. So choose your payment method well depending on the situation. To make your choice, ask yourself these questions: “Do I need these XRPs now, or can I afford to wait a few days for a bank transfer transaction? What will I do with my XRP once purchased?,”etc.