Altcoin

How to buy Ripple.

October 1, 2019

By Team Basil Zaff

Ripple remains one of the world’s most popular cryptocurrencies. As there are many enthusiasts in cryptocurrencies that still continue to stick with Bitcoin amongst other cryptocurrency values, only a few are branching off into the use of Ripple and other coin values.

The future of crypto looks particularly bright especially for Ripple and other values like it. In this article, I’d like to explain a little more about what Ripple is, where you can buy it and how you can start trading at. As Ripple is one of the greatest emerging players in cryptocurrency, it’s very important to learn more about this offering if you are planning on starting a crypto investment. Here is some basic info on Ripple:

Intro.

Ripple is an extremely popular cryptocurrency that sits around third place in the cryptocurrency market. It’s become the center of attention for many different investors and there are a number of reasons why it is considered to be one of the best for investment right now.

What it is.

Ripple is a coin valued it actually isn’t distinguished by its name. It can be quite confusing to actually consider that the coin value itself does not keep the same name overall. Ripple is really only the system that holds the crypto coin in place. The coin value in ripple is called XRP. This is a coin that many people are investing in today. For the idea of simplicity in this tutorial we will be referring to the coin value as Ripple.

Ripple is represented as a centralized currency and it was first released back in year 2012. The concept was founded under Jeb McCaleb and Chris Larsen. Unlike other types of cryptocurrency which are often considered decentralized this is a system that is called a centralized cryptocurrency.

Ripple belongs to a company and unlike many of the other cryptocurrency values worldwide, is one of the very few cryptocurrencies that has made a name for itself as being part of a company as well. The Centralized nature of the cryptocurrency ensures that anyone can contribute in order to deploy the cryptocurrency through the company. Ripple has continued to scale over time due to some of its benefits.

The benefits of ripple.

Ripple was long considered to be the greatest alternative to Bitcoin. With the number of advantages that Ripple could present, it actually has a good shot at taking over as one of the top cryptocurrency values today.

Ripple is a completely centralized value and this means that it is built on its own ecosystem. The transactions that are produced with the help of the coin can be done extremely fast especially when compared against the Bitcoin speeds.
Ripple has also found success because of its financial positioning. Ripple has partnered with over 100 financial institutions worldwide in order to be accepted as a mainstream currency. If you have any knowledge of traditional digital currencies you may understand just how important it is for a cryptocurrency to have the ability to partner with a major financial institution and be recognized legally.

There are governments worldwide that are trying to advocate for the ban of cryptocurrency from circulation within their country. Because Ripple is a centralized and heavily regulated cryptocurrency, it’s gaining mass approval worldwide and many governments are much more trustful of the services that Ripple can provide.

What is the value of Ripple.

At the time that his article was published the current value of Ripple sits at about .45 USD per coin value. The price is set to gradually increase over time.

When Ripple was released there were 1 billion coins issued to the public and the protocol was designed to ensure that no more extra coins could be created. When you decide to use XRP for a transaction that coin value is going to be gone forever and transferred to the new owner. This scarcity ensures that the overall value of Ripple can continue to increase.

As cryptocurrencies can often be quite volatile it’s quite difficult to understand if this concept will work well or not. Ripple continues to rest on its perch as the third spot in the market position and buying in now could be a good idea especially as there will be no more coin values issued.

How to buy Ripple.

The process for purchasing Ripple can be a little more difficult than buying other types of Cryptocurrency. Part of the reason for this is because Ripple does not carry the same popularity as some of the other cryptocurrency values.
Ripple remains centralized and this means that it’s only available on a few exchange sites that have been approved by the company. Ripple can be difficult to trade for especially if you are extremely loyal to just a few trading platforms for cryptocurrency. When people are interested in purchasing Ripple in the USA, they may need to find a compatible exchange where they could change their US dollars for the coin itself.

Some of the most popular exchanges that carry ripple include:

Bitstamp: This is one of the best and most popular ways to access Ripple. Bitstamp even has its own buying guide for the platform to make the process very simple. To get started on this platform you will need to have a sign in with your name, email and basic profile information.

After you get your user name and ID you’ll be able to buy Ripple as soon as you verify your account. Ripple is completely legal to buy and sell in the United States because it is a centralized currency. In order to properly train the values you will need a legitimate proof of identification with a scanned driver’s license or passport. People who are interested in trading may not be used to this type of verification but it is important to set it up so that you can be off and training legally.

The exchange also recommends that you set up a two factor verification process to protect your funds with an added level of security.

After you’ve completed the process you can begin with depositing USA funds and trading for Ripple. Bitstamp also provides services to the EU.

Kraken.

As one of the largest exchanges online, this is one of the simplest places where you can purchase Ripple in the EU, USA and more. This remains one of the most reputable crypto platforms worldwide.

Kraken has established a foothold as being one of the greatest Bitcoin trading platforms. It’s based out of San Francisco and its systems were released to the public back in the year 2011. The exchange has been open since only two years after Bitcoin launched and they are considered true pioneers in the market.

The process for buying Ripple here is very similar to the idea of Bitshare. You sign in with a full profile, you verify your ID and then you can start the trading process by depositing your Fiat currency and naturally trading for Ripple.

Kraken has enhanced security over other exchanges and is widely considered one of the most trustworthy exchanges online.

CEX.

CEX.io is a platform that makes it very simple to buy Ripple online too. Even though it’s the third most popular exchange on our list, Cex is one of the most widely used European and UK crypto exchanges. Cex has an online coin wallet as well as an exchange. This can make securing your funds very easy and getting started even simpler. The process of training, selling and buying can all be done with ease on this platform and the purchase of coins is quite a fluid process here.

The platform launched first in year 2013 and has been considered one of the easiest for beginners to get started with. Cex also has off-line storage wallets available as an added level of security this can make sure that you can get access to enhance security when it is required with CEX.

Once you register and verify your account with an ID you can deposit Fiat and start trading for Ripple.

Coinbase.

Coinbase also remains one of the most popular places to search for buying Ripple. The big problem is that Ripple is not currently available on exchanges like Coinbase. The reason that Ripple and coinbase do not offer in exchange comes with the profile creation mechanism on Coinbase. Although you can trade Ripple on the platform, it cannot be purchased for Fiat currency on this platform.

Coinbase also offers the option for you to exchange other cryptocurrency values for Ripple on their platform. As long as you have some cryptocurrency to start, using coinbase can be easy. If you do need to make the exchange from Fiat currency to Ripple, it’s important to incentivize the use of another exchange.

Conclusion.

Cryptocurrency continues to cause a massive shift in investment perspective around the world. People are excited about the next great cryptocurrency and Ripple is widely considered to be one of the most popular in the market today. Although decentralized cryptocurrency continues to lead in the market, Ripple represents a brand-new perspective of investment in a centralized cryptocurrency value.

Successful positioning as a groundbreaker in centralized currency has made Ripple very popular and with a finite amount of coins available, it is possible that this could one day reach the top of the market. As distrust continues for decentralized currencies amongst many worldwide governments, Ripple is a cryptocurrency that could belong amongst FIAT currency worldwide.

By using this tutorial you will be able to Buy Ripple, understand why thousands of people are investing as well as determine the best spots for trading Ripple. Hopefully you can use this information today to start your Ripple investment so that you can diversify your cryptocurrency portfolio for the future.
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