How to Buy Ripple (XRP): An XRP Step-by-Step Buying Guide

#1 Find Your Online Digital Currency Exchange 

You need to have an online digital currency exchange to buy Ripple (XRP) and other digital assets. Here are some online platforms you can consider when buying your digital assets: 

  • Binance 
  • FTX 
  • eToro 
  • Phemex 

Unfortunately, some platforms might suspend Ripple transactions because of the current lawsuit between Ripple and the US Securities and Exchange Commission. 

#2 Deposit the Amount to Buy Ripple (XRP) 

How to Buy Ripple (XRP)- An XRP Step-by-Step Buying Guide
Ripple and other digital currencies you can trade in an online platform

You would need to transfer your fiat cash into your trading platform to start buying digital assets. We recommend using a digital platform with a good reputation and with little to no security problems, especially when dealing with large sums of money. 

Trading platforms like Binance allow you to buy digital assets through your credit card. However, we recommend buying your investments with your cash on hand to prevent incurring additional debt if your trading decisions do not work out. 

#3 Do You Want to Be a Trader or Investor? 

How to Buy Ripple (XRP)- An XRP Step-by-Step Buying Guide
Ripple logo in a computer monitor

Before completing your purchase, you also need to determine whether you intend to become a trader or investor. If you are an investor, the fluctuations you would see day-to-day should not bother you since you intend to hold these assets for a long time. 

On the other hand, a trader would need to keep a close eye on their transactions and the perfect time to buy and sell their digital assets. 

Show More

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button