How to Buy Ripple: A Complete Guide for Beginners

In the blockchain and cryptocurrency space, there are a number of prominent players catching the attention of masses across the globe. Bitcoin, Ethereum, Litecoin, etc., are some of the well-known names, but among these, Ripple has carved a special place for itself. The Ripple network has been specifically designed, keeping in mind the objective of increasing global liquidity. It is used primarily in the transfer of payments across borders and thanks to its competencies such as high speed and low cost; the network is emerging as a preferred choice among banks and financial institutions. This achievement is quite noteworthy given the fact that conventional thinking pits banks and the blockchain-crypto industry against each other, but in the case of Ripple, we are witnessing an unprecedented level of partnership and collaboration between two seemingly opposite ends of the global financial system.

The investment in Ripple makes for a good potential earning opportunity, and if you are also one of those who are willing to invest in this network cum coin project, then this article will provide you all the information required to go ahead with the investment. Just like other cryptocurrencies, you can buy XRP (Ripple’s native coin) on a number of different cryptocurrency exchanges. Here are the details of cryptocurrency exchanges that offer Ripple and how you should proceed.

Buying Ripple on Bitstamp

Bitstamp offers Ripple in three trading pairs: XRP/BTC, XRP/USD, and XRP/EUR. In order to buy XRP on the Bitstamp, you first need to create an account with the cryptocurrency exchange. After verifying the account, you need to click on to the deposit fund section of the main page to credit your account. Once the amount is credited in your exchange account, then you can select the market and place an order to buy XRP.

Buying Ripple on Kraken

Before going ahead with the purchase of XRP on Kraken, you need to open an account with the cryptocurrency exchange. Sign up for the new account and follow the instructions received from the exchange to login to your account. After logging in, you need to deposit funds into your account and unlike Bitstamp, here you need to first buy XBT (Bitcoin) before proceeding ahead with the buy of XRP. Once you get XBT only then you can go for the purchase of XRP/XBT to get XRP in your exchange account.

Buying Ripple on GateHub

The registration procedure on the GateHub includes storing the recovery key, verifying the account, and confirming your identity. Once you are logged in then the exchange will connect to a payment gateway in order to deposit funds in your account. You can then proceed with buying XRP on the exchange.

Other Options

In addition to the above-mentioned exchanges, there are a number of other cryptocurrency exchanges such as Binance, CoinOne, Bitso, Coincheck, Bitsane, and Qryptos where you can easily buy XRP/BTC and XRP/ETH. The wide acceptance of XRP among cryptocurrency exchanges makes it convenient for…