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Best Place to Buy Ripple Coin: Ripple Trading

Best Place to Buy Ripple Coin: With ticker, XRP Ripple is a cryptocurrency and a digital payment network. Founded and published in 2012 by Ripple Labs. Ripple operates as a real-time network (RTGS) and a money transfer network.

Ripple’s goal is to make almost instant financial transactions listed in a distributed ledger called the blockchain. Ripple is one of the most centralized digital currencies and Ripple Labs controls the supply of ripple and multiple network nodes.

Best Place to Buy Ripple Coin

How to buy Ripple?

You can buy ripples from the marketplace (cryptocurrency exchanges). But before you can buy ripple, you need to open an account and verify your identity on the marketplace. You may need to set up a Ripple wallet to store XRP if the selected marketplace does not offer it on the platform.

It can take a few minutes to a few weeks to create an account, verify your ID, and process payments.

Where to buy ripples?

There are different types of cryptocurrencies exchanges to buy Ripples. Exchanges bear a resemblance to traditional stock exchanges (for example NYSE, NASDAQ). You can buy ripple from other traders in exchange trading – and without personal communication.

The Exchange is therefore responsible for matchmaking, i.e. to set ripple prices and find one or more sellers for your order. Crypto exchanges are often tailored to the needs of professional traders. For this reason, they offer sophisticated business features that can be difficult to use and confusing for beginners.

Brokers, on the other hand, sell XRP from their own ripple stock. Buying ripple from brokers means that there are no transactions with other merchants, except brokerage services.

Brokers of cryptocurrency often charge higher fees than crypto exchanges, but instead offer better user experience and more payment methods than cryptocurrency exchanges.

Finally, the P2P (peer-to-peer) directories are platforms where one can buy ripple directly from other crypto traders. However, it is riskier to buy Ripple from peer-to-peer directories due to a lack of third parties.

Also Read: Best Platform to Buy Bitcoin

What to keep in mind when buying ripple

As you learn more about the cryptocurrency market, you may be wondering, “What is the best crypto exchange for me?” To buy ripple keep in mind the things mentioned below: 

Verification

Before you buy Ripple, most cryptocurrency exchanges will ask you to verify your identity (for example, by uploading your passport size photograph) and a permanent residence certificate (for example, by uploading a recent service bill). This process can take several minutes – several weeks.

Wallet service

Ripple Wallet is software that you can use to save ripple coins. We recommend that beginners choose a crypto exchange that offers built-in wallet services. Keep in mind, however, that a wallet with self-steering is usually a safer option, but it needs to be learned to use. 

Prices and fees

Ripple prices are determined by supply and demand. Prices are set on by the crypto exchanges which are based on the number of people who want to buy and sell ripple. Brokerage services adjust their prices on the current main exchange rates, but their services are usually subject to a surcharge and fee.

Besides transaction fees, ripple deposit and withdrawal fees may be charged.

Payment Methods

Before you can buy XRP, you need to put money on the exchange. Most exchanges only offer bank transfers, but brokerage services often offer convenient payment methods, for example, Skrill or credit cards for an extra fee.

Security

Security plays a key role in cryptocurrency investing. Also, see for security features like 2-step authentication (2FA) or cold storage. It is recommended that you do not store notable amounts of fiat or cryptocurrency on the crypto exchange as these exchanges may be subject to cyber-attacks.

Best place to buy Ripple coin

Binance

Binance is a fast-growing crypto exchange as we know. But so far, it’s safe to say that Binance is also one of the cheapest exchanges you can use if you use Binance token to pay exchange fees, and it’s also the best exchange for buying and selling cryptocurrencies on the go with its user-friendly mobile application.

With the following trading pairs, XRP can be bought and sold in Binance and the volume is also large enough for large orders:

Ripple supports pairs: XRP / BTC, XRP / ETH

For buying XRP one needs to transfer BTC or ETH and exchange them with ripple. If you do not own Bitcoins, you can get them from crypto exchanges like CoinMama, Cex.io etc with a credit or debit card.

Huobi Pro

This crypto exchange is an international exchange that originated in China but now moves around the world to serve more and more investors. It is based in Singapore and has been operating well in this area from the last five years successfully.

In terms of volume, it ranks 3rd on the CoinMarketCap list and has 244 pairs of cryptocurrencies. Therefore, of course, you will never face liquidity problems on these exchanges.

Huobi also has a mobile application for Android and iOS for users who want to trade cryptocurrencies on the go.

The registration process is also fairly simple and easy on Huobi, so go and do what is necessary. Fees of the exchange are also quite low.

XRP supports pairs: XRP / BTC, XRP / USDT

Changelly

This exchange is a product of the MinerGate Mining Pool. Changelly has a proven track record of consistently put out excellent products in the cryptocurrency area.

The best thing about this exchange is that you do not have to go through a lengthy registration or verification process. You need to just log in with your email address (or any other email address) and start using the exchange.

For each trade, they charge about 0.5%, which maybe is a minimum in exchange for the fluctuation and risk they bear on behalf of their users. Apart from commission, the user also pays a mining fee which is directly deducted from their cryptocurrency balance.

But all you need to buy from Changelly is a Master/ Visa card (debit/credit card) or any cryptocurrency and any wallet supported by Changelly where you want to get new coins.

Bittrex

This is one of the famous cryptocurrency exchange among the crypto traders with over 200 cryptocurrencies to choose from including Ripple.

Bittrex handles BTC’s one largest trading volume in the world and takes a standard fee of 0.25% for trading on its platform.

You will need to register and sign in with your email ID to get started on Bittrex, but to withdraw your funds you will need to complete KYC by providing your credentials and phone number, and for higher limits, you need to enable 2FA (two-factor authentication ).

The account verification process is very fast on Bittrex which is a good thing about this exchange. You can visit the Bittrex website and open an account thereby providing your Email.

Ripple supports pairs: XRP / BTC, XRP / USTD, XRP / ETH

Bitfinex

This exchange is the largest Bitcoin exchange with the largest volume for BTC / USD pair. In supporting XRP coin for its users it is one of the pioneers.

With the second-largest amount of XRP, liquidity has never been a problem for Bittrex, and the user interface is also relatively easy to understand.

However, their registration process is relatively long and time-consuming. After submitting a valid identification proof it usually takes 15-20 business days before you are accepted into the Bittrex platform. To start using Bitfinex, sign up, verify your ID and confirm yourself.

And if you are bored with the online version or want to do business on the go, you can use the Android and iOS mobile application of this exchange.

XRP supports pairs: XRP / BTC, XRP / USD

Kraken

This exchange handles the most volume in EUR currency. It is based out of San Francisco and is one of the largest Bitcoin/Altcoin exchanges in the United States. 

The registration process is relatively simple but can take several days as the demand for cryptocurrency has increased recently.

They are also pioneers in supporting the Ripple cryptocurrency.

Although this exchange is the second-largest crypto exchange with the most ripples for the euro pair, others are also supported by this exchange:

Ripple supports pairs: XRP / EUR, XRP / BTC, XRP / USD

ShapeShift

To get your favorite crypto coins ShapeShift is one of the easiest ways because it is reliable, fast, and user friendly. Plus, you don’t even have to register with KYC to start using this exchange.

Including ripple ShapeShift currently has over 50 convertible cryptocurrencies that can be exchanged with each other. 

You only need two things if you want to buy Ripple on ShapeShift:

Ripple address where you want to get your Ripple coins.

You should have Bitcoins or Altcoins to exchange with Ripple.

Conclusion

The above-mentioned crypto exchanges are the best place to buy ripple coins. Do not use these exchanges as a wallet to store large amounts of Ripple as such centralized exchanges are always vulnerable to threats.

If you are a serious buyer or holder of Ripple then it is recommended that you should buy a Ledger Nano X hardware wallet to ensure that you have control over all your coins.

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