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What should the buyer know before he purchases XRP
Cryptocurrency is becoming more and more accepted by Wall Street, and its audience is becoming wider and wider. So you may occasionally hear the news that a certain currency is soaring on TV or in bars. Such soaring prices are a temptation for many novices. Therefore, many people are eager to learn how to invest in crypto. Now, let’s see where and how to buy XRP for traders.
There are more than 8,000 cryptocurrencies in existence. Bitcoin, Ethereum, DOGE, BNB, USDT, XRP are well-known among them. Once you understand the trading operations of Ripple, you won’t be troubled by buying other crypto coins.
Before buyers purchase Ripple, they need to know the following things.
What is XRP cryptocurrency
XRP is a real-time gross settlement (RTGS) system created by Ripple Labs Inc. This currency being traded is Ripple (XRP).
Buying XRP is a venture capital
The crypto market is constantly in volatility, and its high volatility is both a risk and an opportunity. Therefore, people should not refuse to choose tokens, especially Ripple, as their investment portfolio.
Invest in Ripple within an affordable range
People may have heard a lot of thrilling success stories from the token market. However, the risk of a plunge in cryptocurrencies cannot be ignored. You need to confirm whether you can bear this possible unexpected loss. And spend time on research before purchasing XRP with funds.
Don’t ignore the investment value of XRP
The transaction price of this crypto coin was around $0.20 last year. As of December 2021, its value has exceeded $0.70. It is unimaginable that the cost of Ripple has soared more than three times in just one year.
Choose a reliable trading platform
You can trade XRP directly with buyers. But there is a risk of losing all funds. Therefore, it is necessary to choose a highly credible crypto transaction service. As the best cryptocurrency exchange, Bexplus is your wise choice.
If you are ready and plan to purchase XRP, you can go to the next step.
Where to buy XRP: Steps to buying Ripple cryptocurrency
Buying XRP was not easy in the past, but it has changed now. Let us break down the steps to show you how to do it in the Bexplus trading platform.
1. Create an XRP Wallet
It is essential to get a Ripple wallet to store your coins. You can choose between a software wallet and a hardware wallet.
Software wallet stores encrypted currency through a program or app, which is more like a digital bank account of the encrypted currency.
This kind of wallet is the most frequently used by traders. Download a program that can generate a public key on your computer or mobile device, and you can get the address of an encrypted wallet.
Hardware wallets are also called cold storage, which is a general term for physical devices that store encrypted private keys.
People can access their digital assets at any time through this portable key. Buy USB-like hardware, and then generate your encrypted wallet address on it.
In addition, you can also use wallets created by Bexplus or third-party online wallets.
2. Visit the Bexplus cryptocurrency trading venue and create an account
-Use an e-mail address to register an account on the official service platform of Bexplus.
-During the account opening process, KYC verification is not required. Therefore, you do not have to provide your name, address, passport, or utility bills. It only takes a few minutes to complete the account registration.
3. Purchase Ripple
Before the next step, you need to deposit Bitcoin or other tokens in your Bexplus account. Then open the purchase order page to invest in XRP coins.
Where can buyers invest in XRP (Ripple)
Like other cryptos, investors need to buy Ripple (XRP) on the online market. Where is such a platform? Savvy buyers can purchase from these four exchanges. We will introduce them in detail.
Bexplus is the best place to buy XRP
Bexplus is a safe and reliable crypto derivatives trading platform that provides a 1:1 deposit bonus. The leverage ratio of this brand new leveraged trading platform is 100 times. You can invest in XRP, ETH, BTC, ADA, and DOGE. In addition, 100x leverage means that buyers can get a hundred times more income than usual. It provides investors with profitable digital currency investment opportunities.
The Step 1 of Where to buy XRP
Before buying, selling, and holding XRP, you need to have an account on Bexplus. Browse its official website and click the “Sign Up” button in the upper right corner of the page to open an account. After the registration is completed, you can go to the next step.
The Step 2 of Where to buy XRP
At the far right of the navigation bar of the Bexplus website, click on your username icon. Then click the “Deposit” item in the pop-up drop-down menu.
The Step 3 of Where to buy XRP
Deposit funds for your newly registered account, and there are two ways to deposit.
- Deposit other coins on Bexplus
You can send BTC, USDT, ETH, LTC, EOS tokens to buy XRP as needed on the Deposit page. Scan the QR code on the page to transfer the encrypted currency from your other wallet to your Bexplus account. The wallet address corresponding to each cryptocurrency is different, so you must use the corresponding wallet for the transfer operation.
Deposit funds through a bank account
- Click the “Buy Bitcoin instantly” button on the Deposit page to jump to the purchase page.
- Fill in the “Choose your currency” and “Choose your country” items on the left side of the Buy page. You need to select “XRP” in the drop-down menu of the “You get” item.
- After filling in the purchase information, multiple real-time orders will pop up in the middle of the page for selection. Generally speaking, the “BEST OFFER” item will be the first choice of most buyers.
- Tap the “Buy now” button. Then fill in your XRP wallet address and destination tag on Bexplus in “Enter your XRP wallet address”.
- Wait for the web page to be redirected to the payment provider’s website.
- Check the order summary, and then select one of the payment methods from “Credit/Debit card” and “Global bank transfer (SEPA & SWIFT)”. Take a credit card as an example here.
- Click the “Credit/Debit card” item, and then click the “Continue” button to go to the next step.
- Fill in personal payment information in the “Card details” column. After filling in the data correctly, click the “Next” button to confirm.
- Once the order payment is completed, the XRP coins you purchased will be deposited into your Bexplus wallet.
The Step 4 of Where to buy XRP
For users who deposit other cryptocurrencies, you still need to perform this step to convert your digital assets into Ripple coins.
- After depositing the cryptocurrency, click “Trading”.
- Tap “XRP/USDT” and enter the purchased volume in the “Market” column.
- Check order information. Then click the “Ok” button to confirm.
At this point, you have successfully invested in XRP on Bexplus.
Other XRP cryptocurrency exchanges
Bexplus is the choice recommended by most people. However, these three cryptocurrency trading places are also mentioned on Reddit. You can also swap for XRP on these three platforms.
Coinbase is a cryptocurrency trading platform affiliated with Coinbase Global, Inc., allowing people to sell, buy, transfer, and even store various crypto coins online.
Support multiple cryptocurrencies
Coinbase has as many as 43 cryptocurrencies for users to trade.
Developed a mobile application
Coinbase also has a mobile app for users to manage their digital tokens.
Unique educational resource library
Users can comprehensively and systematically learn cryptocurrency-related information through Coinbase educational resources.
Not friendly to small transactions
Small amounts of cryptocurrency are expensive to buy and sell, with a fixed fee of US$0.99.
Complex fee structure
The complexity of the fee structure often surprises users.
Binance is an exchange with the largest average daily trading volume. It allows users to safely store funds in the wallet provided by Binance without creating a wallet by themselves. In addition, Binance has a token based on its blockchain, namely Binance Coin(BNB).
Support the most types of cryptocurrencies
There are more than 500 tokens that can be traded on this exchange.
Secure cryptocurrency service provider
Binance uses two-factor authentication, cold storage, and other technical means.
Binance is regulated in multiple countries.
You need to spend more time completing the token transaction.
Huobi is a global currency exchange, which was established in China. It is already a listed company in Hong Kong.
Support a wide range of cryptocurrencies
Investors can buy many altcoins and a wide variety of stablecoins.
Safe and convenient transaction service
Buyers can safely and freely trade hundreds of digital assets.
Not suitable for beginners
It takes a lot of time for users to understand all the functions of the exchange.
|Deposit Bonus||1:1 deposit bonus||×||×||×|
|Interest wallet||Up to 21% annualized interest rate||Lower annualized interest rate||Lower annualized interest rate||Lower annualized interest rate|
As of December 2021, the above four platforms provide XRP trading pairs. So choose one of them to get professional and safe XRP (Ripple) transactions.
In what payment method can a buyer purchase an XRP coin
Different payment methods correspond to various means of buying XRP. The following are common payment methods for purchasing cryptocurrencies, which are also applicable to XRP purchases.
Buy tokens through PayPal
For novices, the trading process of cryptocurrency is complicated. And PayPal can simplify the purchase process. You only need to register an account on PayPal and bind a bank account. Then you can buy and sell cryptocurrencies in the “Crypto” column of Paypal.
Purchase Ripple via Apple Pay
Apple is still on the sidelines for the crypto market. Therefore, Apple Cash does not support tokens such as XRP or Bitcoin. However, purchasers can use Apple Pay to trade Ripple(XRP) by registering Bexplus, Coinbase, and other platforms.
Purchasing Ripple with a bank transfer
If you prefer to use a bank transfer to buy XRP, you may need to wait a few days for the cryptocurrency exchange to clear the transaction. However, the price of XRP has been locked during this period. But the long wait will make you miss the best time to sell. This is a big flaw. Buyers choose bank transfers because the cost of buying cryptocurrencies is lower. This approach is very friendly to small XRP investments.
Invest in XRP through a bank card
Generally speaking, debit cards, credit cards, prepaid cards, and even virtual cards can be used to trade XRP. Using this type of bank card can quickly transfer Ripple to your wallet, but the purchase cost is relatively high.
At this point, you will find more or fewer flaws in these payment methods. Are there other cost-effective and reliable solutions? Buying XRP with other crypto is a cheap and fast technique, and many cryptocurrency exchanges accept this payment scheme. And Bexplus is one of the best, and it enjoys a high reputation in the crypto market.
Where to keep your XRP
The soaring price of Ripple has led to a significant increase in public hacking incidents. How can buyers safely store XRP? This is a concern of many people. Without calculating the cost, a hardware wallet may be the best choice. However, its user experience is troublesome, and you can only manage your XRP with a clumsy computer. Is there a safer and more convenient way to hold Ripple?
The answer is yes. This method is to use Bexplus’s savings wallet, which additionally provides an interest-bearing wallet function while ensuring safety.
All XRPs are kept in an offline storage system that uses multi-signature encryption technology. Therefore, these Ripple coins are under high-level protection.
Bexplus users can also earn interest from XRP deposited in their wallets.
How to buy XRP in different countries
Through the analysis and research on the cryptocurrency market data, we have listed the methods of buying Ripple (XRP) in three countries.
How to Buy XRP in Turkey
Recently, the increase in Turkey’s inflation rate has indirectly increased the enthusiasm of Turks to invest in XRP. How can a novice purchase this crypto? You can buy Ripple coins on the XRP trading platform. Here is a short guide on this.
- Register an account on an online cryptocurrency exchange such as Bexplus. The SEC is filing a lawsuit against Ripple, so not all platforms provide Ripple coin services.
- The created cryptocurrency account will need to pass a Know-Your-Customer verification. Most exchanges will have this requirement.
- Then you can transfer funds or other stable currencies to your account.
- Finally, you can trade your assets into XRP.
How to Buy XRP in Cyprus
More than 50% of people in Cyprus recognize XRP and believe that it will be one of the means of payment in the future. Therefore, Cypriots are very enthusiastic about tokens such as Ripple. Some analysts even predict that the cost of 1 XRP in the future is x10.
- Search for a reliable cryptocurrency trading website. Bexplus is one of the top Australian cryptocurrency trading platforms. Therefore, choose it. Then set up an account in this exchange with many currency pairs.
- Fill out a form on the web page. Then this exchange will verify your identity. This process only takes a few minutes. If the account is not confirmed, it is not possible to trade. Therefore, you will be required to submit information such as a copy of your passport to pass the identity verification.
- You need to find the deposit item to recharge your account and then deposit your digital assets into the account you just registered. After that, you can buy XRP tokens.
How to Buy XRP in Slovenia
Giant companies have bought many cryptocurrencies, such as XRP, Bitcoin, and Ether. It is time to invest in XRP in Slovenia. Ripple can be bought or sold in many different ways. The simplest solution is to use the Bexplus exchange. We will show you how to buy XRP in Slovenia easily.
- Bexplus is one of the best exchanges to buy Ripple. It is not only suitable for beginners but also experienced investors. Visit its official website, and then you can go to the registration process.
- In creating an account, please make sure that the information you fill in is correct. Then you will be asked for account verification.
- Once the account is ready, you can deposit your funds. Search for XRP on the market list. Then you can start buying your first Ripple (XRP) coin.
All in all, XRP is a worthwhile investment. Buying at the right time will result in considerable profits. Many professional organizations have also made optimistic predictions. After understanding where and how to buy XRP (Ripple), you should consider optimizing your investment portfolio.