One of the most talked about crypos is Ripple’s XRP, whose value in July had risen more than 3,000% since the beginning of 2017. After the rise of bitcoin 2017, crypto-currencies have become the new investment game.
Unlike these other two giants, buying XRP takes a little more finagling than just taking a trip to a popular exchange like Coinbase – although it’s still important.
Here’s how to buy your first batch of Ripple XRP parts
There are several exchanges for Ripple’s XRP, many of which are overloaded with requests at this time. For convenience, you can use Bitsane.
Bitsane is unique in that people in the United States cannot buy cryptos directly with their credit card, which is the case of Coinbase. You must exchange other cryptocurrencies like bitcoin or ether for XRP.
For most people, this means using Coinbase to buy ether, bitcoin or bitcoin first.
Here is an overview of how to buy ripple using Coinbase early last year.
How to buy Ripple: a Cryptocurrency guide
Let us preface by saying that this is not an endorsement for any cryptocurrency, Ripple or otherwise. The markets for these largely untested and unproven digital assets are extremely young and inconstant, as evidenced by the recent bloodbath that has taken place in recent days.
In the midst of this week’s crash, Ripple has managed to avoid some of the wildest fluctuations that plague other crypto-currencies, such as Bitcoin. In fact, XRP, as the Ripple chip is technically called, crossed for the first time the $ 1 mark last Thursday, and surpassed its market capitalization to more than $ 50 billion between Wednesday and Friday this week.
In seeking an explanation upward, some people have reported unverifiable rumors circulating in online forums that Coinbase, one of the largest cryptocurrency exchanges in the United States, could add support for this product. Who knows. We certainly have no proof that it is true.
However, given the interest of research, we have developed a quick guide on how to buy things. If you were interested in acquiring Ripple’s XRP, here’s how you could do it.
First, note that you cannot buy XRP on Coinbase. The site, which has become one of the most popular of the iPhone in recent weeks, recently supported Bitcoin Cash, a controversial Bitcoin fork. Coinbase already allows you to buy other cryptocurrences such as Bitcoin, Ethereum and Litecoin.
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From there, it’s pretty simple. You create an account at the address of your choice, enter personal information and browse to make your purchase. For detailed instructions, the Ripple website provides step-by-step instructions with screenshots for each exchange. Here are the guides for Bitstamp, for Kraken, and for Gatehub.