XRP is a pretty interesting cryptocurrency from an investment perspective. Behind it is Ripple, one of the largest blockchain companies in the world. The system is built on open payment gateways, which explains the increased interest of banking institutions in it. In addition, XRP has significant advantages compared to the same bitcoin. The price of the cryptocurrency is very low, but according to experts, the value of the asset will increase, given that the demand for it is gaining momentum. In addition, given the high value of bitcoin or etherium, their price is unlikely to rise sharply in one day. And in this review, let’s look at how and where to best buy XRP coins.
How to buy XRP
How to buy XRP? Where can I buy cryptocurrency profitably? These questions are often asked in thematic forums and are of interest to everyone who is just discovering the great opportunities and prospects of cryptocurrency markets.
And so, the first thing to do is to decide on a way of storing cryptocurrency. To store your funds, create and write down your personal password on some medium, preferably on paper, and keep the information in a safe place.
Important: A secret key gives the owner access to their assets and funds stored in their digital wallets.
For more security, we recommend storing riple on hardware wallets. For example, use Ledger Nano S. This is the safest and most secure cryptocurrency wallet that has long supported XRP. You can also store other cryptocurrencies (bitcoin, etherium) on it and use it as a secure prepaid card.
Unfortunately, there is no reliable and functional mobile wallet for storing XRP and other cryptocurrencies yet. Who knows, maybe in time this problem will be solved.
Where can I buy cryptocurrency cheaply and quickly?
After creating a wallet, the question arises: “Where is the most profitable place to buy XRP?” First of all, let’s note that there are absolutely no problems with buying cryptocurrency. You can buy XRP Ripple in online exchanges or on well-known exchanges. Each option has its own advantages and disadvantages, which we will also consider in this article.
Buying Ripple on exchanges
There are many exchanges where you can buy cryptocurrency, including XRP Ripple, and do it on the most favorable terms. The most popular exchanges of 2019 are:
According to experts at the moment, the most profitable way to buy Ripple is on the well-known exchange Changelly.
Changelly have a nice, intuitive user interface, which can be called a distinct advantage, so even a beginner can understand the intricacies and nuances of the system. The site already has a wallet with all available and popular cryptocurrencies, including XRP Ripple.
After completing a simple and quite fast registration, you get a Ripple Wallet, where your crypto-coins will be stored. Verification is required to deposit and withdraw with a bank card.
Essentially, acquiring cryptocurrency on an exchange involves two consecutive steps, namely:
Replenishing your balance on the exchange. After registering and accepting the user agreement, go to the wallet section and click “Deposit” against the selected cryptocurrency. Choose an acceptable option for you.
In the “I give” tab enter the amount of selected currency (fiat currency, rubles, etc.). It is best to carry out an operation in the tab “exchange”. In the column “I give” you enter the sum, and in the column “I receive” you will see how many Ripples you will receive. After you click on “exchange”, you will instantly see RIPLE on your balance.
The exchange removes commissions for the transactions. Replenishment of balance and any other operations occur within minutes.
You can leave the purchased electronic currency on the exchanger wallet or send it to your hardware wallet. We recommend not to leave cryptocurrency in an exchange account, because in this case you do not exercise control over the private key for your coins.
If any problems arise or you mistakenly conduct the wrong transaction, you can contact the technical support at any time. However, given the high volume of users, it may take some time for an answer due to the increased workload of the staff.
Buying XRP on online exchanges
There are a huge number of exchangers on the World Wide Web, where you can buy, exchange cryptocurrency or electronic money by investing or exchanging real money. Working with exchangers is as easy as with the exchanges. Unlike exchanges and the Gatehub platform, you cannot store cryptocurrency in exchangers. In fact, exchangers are intermediaries in this process.
Exchange or exchanger?
Choosing where to buy cryptocurrency, consider the pros and cons of these options. Which of them to choose, everyone will decide for himself.
The pros of buying cryptocurrency on exchanges:
After the initial replenishment of the balance, transactions occur as quickly as possible.
The wallet, once created, is assigned to you forever.
On the exchange you can buy, store electronic currencies or exchange them.
Of the disadvantages of buying electronic money on online exchanges can be called a problem when buying ripl from the bank cards. For this, users must go through a verification procedure.
Advantages of exchangers:
Buy cryptocurrencies without registration and verification (not on all).
You can buy the desired cryptocurrency by any available method (bank cards, electronic money, etc.). In exchangers, unlike exchanges, there are more payment systems available (bank, electronic). But in order not to make a mistake and buy riple successfully, before carrying out the transaction, choose the exchanger with the most favorable rate. Use for this purpose monitoring services of cryptocurrency exchangers, such as Bestchange.
The main disadvantages of working with exchangers are the obligatory presence of a wallet and the duration of transactions. Any transaction takes from 10 to 15 minutes or more. In this case, during this time, there may be a change in the rate, both upward and downward.
Is it possible to mine Ripple
One of the most well-known ways to mine cryptocurrency, including bitcoin, is mining. In the case of the cryptocurrency Ripple, mining is not possible, you can read more about it here. All XRP coins have already been released into circulation, and riple can be purchased, as mentioned above on exchanges or online exchanges, or earned. You can get XRP Ripple for free at riple cranes, but these will be more than modest amounts.
Previously, Ripple itself offered some sort of mining. It was possible to take part in scientific development by performing operations specified by the management and using special computing algorithms, but that initiative has come to an end. Now a faster and more convenient way to get Ripple cryptocurrency can be called its direct purchase in online services.