Apart from Bitcoin (BTC), another cryptocurrency that has gained traction is Ripple (XRP). XRP, however, is different compared to other popular cryptocurrencies as it’s a creation of a for-profit company, which still owns the majority of the currency.
The world of cryptocurrencies is quickly changing, and Ripple has made a name for itself. What’s interesting about it and what leads financial analysts and institutions to predict a future for the network is XRP’s design. It is made to increase global liquidity of currency as it allows transfers across the globe at record speed along with a minimum fee.
The innovative technology that’s behind the achievements of the cryptocurrency is what has helped it to gain 4,300 percent in value (year to date) from December 12, 2017. If you’re wondering how to buy XRP online, it is available on different exchanges like every other cryptocurrency. According to the website, you purchase the cryptocurrency token of Ripple, XRP, through exchanges, but they suggest to do so from a reputable one.
How to Buy XRP on Bitstamp
Bitstamp provides XRP/BTC, XRP/USD, and XRP/EUR trading pairs. For you to purchase XRP on the exchange, you first need to make and verify your account with Bitstamp. Simply open the website of the exchange to sign up, and follow the instructions. Make sure you confirm the email address you registered. As soon as your account is live, log in and then follow further instructions that the exchange provides to secure and verify the account.
Next, deposit funds in the account’s main page. There, you will find a ‘Deposit’ link. After the funds are credited to your account, you will receive a notification from Bitstamp. That is when you will be able to buy XRP on the exchange. Don’t forget to select the right market for the currency and complete an order on the main account.
How to Buy XRP on Kraken
Kraken is another exchange for cryptocurrencies that you’ll be able to use to buy XRP. In order to do this, just visit the page of Kraken and sign up to create an account. Login after you’ve followed the verification instructions. Then, deposit funds to your account. With this specific exchange, you first need to purchase XBT. Place your order for XBT. Next, place another order with the currency pair, XRP/XBT. This will let you complete the transaction for XRP.
How to Buy XRP on GateHub
As with the two other exchanges we mentioned, you can purchase XRP from GateHub as well. Start by visiting the GateHub website. Sign up to make an account and store the recovery key somewhere safe. Verify your account. Following the email confirmation, sign in to the website and be prepared with your identification details as you will need them for identity verification to conduct transactions. You can then connect to a gateway to deposit funds. As soon as you make a deposit, that’s when you’ll be able to purchase XRP on the page.
You don’t have to jump through hoops to buy XRP. Just follow the steps we mentioned above. There are also other exchanges where XRP can be bought, namely Bitsane, Bitbank, Korbit, and CoinOne.