Ripple (a.k.a XRP) is a crypto asset, which was founded by Ripple Labs in 2012. Currently, it is among the top-10 most popular crypto assets, but the price remains quite affordable compared to Ethereum or Bitcoin. Transactions with Ripple can be completed in a few seconds, and the confirmations for them only require a small fee, charged in XRP.
You can easily buy Ripple using online crypto trading and exchange platforms. Below are some suggestions of such platforms with a brief explanation of purchase methods.
Changelly is an online trading platform designed to provide a beginner-friendly, fast, and secure way to exchange and buy more than 200 cryptocurrencies. Transactions on the platform typically take about 5-30 minutes, and there is a 0.25% service fee. To buy Ripple on Changelly, you will have to go through the following steps:
- Select the pair for a transaction (fiat and cryptocurrencies are possible)
- Confirm the transaction and log in using your email
- Send the exact amount of crypto or fiat currency to the address provided
- Receive Ripple to your crypto wallet
Kraken is another crypto exchange and trading platform. Founded in 2011, it provides more than 70 digital currencies to trade and simple explanations on theory for beginners. The algorithm for purchasing RIpple at Kraken is as follows:
- Sign up for an account with an email address and unique username.
- Verify your account by entering your name, country of residence, phone number, and date of birth (for fiat currencies, provide additional documents for identity verification).
- Make a deposit in crypto or fiat currency. For doing that, several options are possible, including domestic wire transfers, SWIFT, and SEPA.
- Buy Ripple through the order form at the New Order page, and receive it to your wallet.
CEX.IO is a UK-based platform for crypto trading, founded in 2011. It’s perfectly suitable for buying crypto with fiat currency. To buy Ripple at CEX.IO, all you have to do is follow these steps:
- Create an account and verify personal information.
- Link the card (credit or debit) to the account using its number and expiry date.
- Make a payment following the current exchange rates.
- Receive Ripple to your CEX.IO account.
Libertex is a trading broker company founded in 1997. Its online platform currently provides users with a convenient interface for cryptocurrency trading, including demo accounts for learning. You can easily purchase Ripple at Libertex for both fiat and cryptocurrencies. Service commissions start from 0.03%. The procedure for purchase goes as follows:
- Register an account and verify your identity
- Select a payment method (including bank card, e-wallets, SEPA, etc.)
- From the list of currencies, select Ripple and the wanted amount, and press buy
- Receive the purchased amount to your account
Thanks to the widespread availability of online exchange platforms and the comparatively low price of Ripple, it is a convenient option to invest in. The best way to buy Ripple is just to follow the instructions of one of the platforms listed above. Ripple can be thought of as an eco-friendly option for investment. XRP tokens were mined before the launch and are now sold from that collection, which reduces the use of energy spent on mining.
However, note that for US citizens, there are restrictions for buying this currency due to government regulations posted after the SEC lawsuit in December 2020.
Caroline is doing her graduation in IT from the University of South California but keens to work as a freelance blogger. She loves to write on the latest information about IoT, technology, and business. She has innovative ideas and shares her experience with her readers.