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 investors to make an investment in XRP.
Ripple Investment: Good or Bad?
It is worthwhile to ask whether the investment in the Ripple really makes sense or not? Given the use case analysis of Ripple, where it is increasingly finding favor with the financial institution and banks, the investment in the network cum cryptocurrency definitely makes sense. The distinctive competencies of Ripple, which include its ultra-fast processing speed and very low transaction fees, make it important long-term players in the industry. Find out more about it from our news section. Besides, the network is constantly upgrading its technology and introducing new services to achieve higher growth and acceptance among a wider set of audiences. These developments point in the direction that investment in the Ripple has the capability to turn out to be fruitful in the long run. You can also check the expert’s view on it & know about Ripple price prediction from our other pages.
Conclusion
Ripple is consolidating its position in the crypto sphere and thanks to its network capabilities, XRP is also finding favor with investors. The long-term success of the network will depend upon its capability to constantly upgrade the system, introduce new facilities, and invent new use cases that will help it to rewrite the rules of money transfer in the global financial system. There is hardly any doubt that the momentum is on Ripple’s side and now the network has to make sure that it continues its growth story by adding new clients while serving older ones with the same zeal and commitment. If Ripple is able to deliver on both these fronts, nobody can hinder its progress in the long run.