How To Buy Ripple (xrp) Cryptocurrency?

What Is Ripple cryptocurrency? 

Ripple, or XRP, is both a cryptocurrency and a platform to trade digital financial assets. The companies can  transfer financial assets across geographies through the Ripple network using the XRP currency as a digital asset. Technically, Ripple is the trading name of the company's administration and network, and XRP is the cryptocurrency. This platform is an open-source protocol interface designed to allow speedy and cheap digital transactions. It helps in sourcing liquidity for cross border payments.

Inherently named as Opencoin and then renamed as Ripple Labs in 2015, the company was established in 2012 and is home-based in San Francisco, California.

Ripple was created by Ripple Labs Inc., a US-based technology company. It was released in 2012. Ripple is a real-time gross settlement system, currency exchange and money settlement network assembled upon a disseminated open source protocol, and supports tokens representing fiat currency, cryptocurrencies, etc.

The Founders of Ripple XRP are Chris Larsen & Jed McCaleb.

Objectives:

Binance offers several XRPs trading pairs to meet your needs. Once the XRPs are purchased, there is a requirement to look for a way to secure it. The best possible way to secure your investment is with a wallet that supports XRP. A wallet is a platform which avails you to send, receive and store a cryptocurrency. There are many varieties of wallets where you can store your digital assets safely, including software, hardware, and cloud ones. The option selected will depend on your individual needs and preferences. The price of XRP (Ripple) can be traced by XRP (Ripple) price chart against GBP over time.

Ripple is a combination of the Ripple payment platform and the XRP currency as a means to provide convenient and more efficient transactions globally using the blockchain oracle platform.

XRP can be purchased through various exchanges such as Kraken, Bitstamp, and GateHub.

It is decentralized Infrastructure which is a 3+seconds time consuming process to send a payment.

It provides 100% transparent modernised messaging.

Also, it provides 0% pre-funding liquidity solutions.

Ripple provides an open source development program that allows developers and entrepreneurs to build for the solutions of the real-world payment on the XRP Ledger.

How to buy XRP on Etoro?

This is the first social trading platform that enables anyone to join across the geographies. 

The platform attracted global-winning Finovate Europe Best of Show for 2011.

It was founded in Jan, 2007.

eToro is an Israeli multi-asset brokerage company, social trading platform that focuses on providing financial and copy trading services. It has registered offices in Cyprus, the United States, the United Kingdom, and Australia.

It provides a trading facility with confidence on the world’s leading social trading platform. There are hundreds of different digital financial assets to trade on eToro, across categorically: commodities, cryptoassets, currencies, indices and ETFs. Ripple is a mechanics of the real time gross settlements, money transfer systems and currency exchange.  It is known as Ripple transaction protocol (RTXP). XRP is the original local currency of the Ripple network. Currently, XRP are divisible to 6 decimal places, and the smallest unit is called a drop with 1 million drops equaling 1 XRP

1. Create an account: Visit the website and go through the registration form and fill your name , e-mail address with your country name.  Then as soon as you receive an email entailing with a user ID and password. Revisit the site and login into your account. Remember to change your password as soon as the process is completed.

2..Verification of the account:  Select "personal account verification " or "corporate account verification" considering  your situation. Further, you will be asked to process the submission of the personal information, a high quality image of an ID document, proof of evidence, an utility bill, a bank account statement, or a government-issued document.

3.. Once the verification of the account is done, then the process follows with the deposition of the funds. Go to https://www.etoro.com/login and select SEPA or international bank transfer, depending your address. Now process with providing the banking information and click "Deposit". Now have a look at Bitstamp's banking information. Then one can receive a notification email when the funds are transferred to your Bitstamp balance.

4.When one is buying XRP on Etoro, select the correct market (XRP), and complete an order in the main account. One is required to visit https://www.bitstamp.net/market/order/instant/ and select "Buy XRP" at the top of the screen. Type in how much amount to be invested in the "I want to spend" window and click the "Buy XRP" button at the bottom of the screen. Once the transaction is completed, check that the XRP has been added to your wallet balance.

In simpler words, 3 steps to Get started -Verify account-Start Trading -Send & Receive

The deposits and withdrawals of cryptocurrencies are free. This includes Bitcoin, Ripple, Ethereum, Litecoin and Bitcoin cash.

XRP is a cryptocurrency that aims to improve and necessitate the use of traditional payments, migrating transactions that occur on the present date between databases controlled by financial firms to a more open infrastructure-based global transactions.

Where can I buy XRP?

The convenient way to purchase XRP through an exchange is Kraken(for an example). Apart from providing a simple user-friendly interface  and lowest fees in the financial digital markets, Kraken is constantly top-listed and most recommendable secured and trusted crypto exchanges in the world. It matters because if there is any loss of cryptos it is nearly impossible to recover your losses. At Kraken, we secure the platforms seriously with state-of-the-art technology and procedures that protect client funds. We seriously work on the security of the platforms and we ask the same from our customers.  

RippleNet has made it easier to run a high-performance payments business.

According to the records of its sales, it sold $1,254.54 million worth of XRP from Q4 2016 to Q2 2020, the primary source of funding Ripple has been sales of the XRP cryptocurrency

Steps to buy Ripple in these following ways:

Step-1 Get a Ripple XRP wallet

The first thing to be done is to get a wallet that will hold or store XRP before purchasing the XRP.

Like most of the cryptocurrencies, there is an availability of selecting an option of software wallet and hardware wallet.

Step 2 - Find an XRP Exchange

There are limited options to buy Ripple XRP in the US. Depending on the location, one can buy Ripple XRP either with fiat currency or buy or sell for XRP on specific exchanges.

Step 3 - Withdraw your XRP to your wallet

It doesn’t matter where the coins are gathered from, but don’t forget to withdraw them into into your own non-custodial Ripple wallet (to access to the private key)

As soon as the transaction finishes off and is confirmed, the process of buying Ripple has been completed.

Final hypothesis:

Ripple is a private funded company registered in Delaware that does not want to reveal information to the public about sales revenues from professional and software services.

Circling around our customers, we are making a more inclusive-oriented financial system where more people and SMEs have access to better financial services.

Ripple provides transparency and speedy transactions for the international payments processed by the customers. Considering Nium’s use of Ripple in the Philippines and Mexico corridors, we have been able to expel pre-funding requirements and offer faster transactions at a lower cost.

Today, Ripple is the only enterprise blockchain oracle company with commercialization of the products by hundreds of customers across 55+ countries.