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XRP is considered as a digital currency that was created in 2012 by Ripple. It’s designed to be used as an alternative payment method for banks and other financial institutions, which are looking for ways to reduce costs and fees associated with sending money worldwide.
The main benefit of using XRP instead of traditional currencies like USD or EURO is that transactions can happen almost instantly across borders without incurring additional charges. This makes it ideal for international payments where speed matters most.
XRP is a promising investment option because its price has been on the rise since 2017. It gained more than 1,000% from January 2018 until today. However, there have also been some setbacks over the past few months.
For example, the company behind XRP announced plans to shut down its crypto exchange service back in March 2019. But despite these challenges, we believe that XRP still offers great potential for investors who want to make long-term gains. In our opinion
How can I buy XRP
You can purchase XRP through various exchanges, including Coinbase, Kraken, Bitstamp, Bittrex, Poloniex, HitBTC, Huobi Pro, Gemini, etc. If you’re planning to invest in XRP, then you’ll need somewhere to store your funds safely, so choose a platform carefully. Some platforms may offer free storage, but this isn’t always guaranteed.
You should only use reputable sites such as those mentioned above. XRP is becoming increasingly popular among institutional traders due to its low trading fees compared to Bitcoin. So if you’re interested in investing in XRP, now might be a good time to start!
Do XRP uses PayPal
Yes, XRP does use PayPal. They’ve partnered up together to provide instant transfers between users’ accounts. Users simply enter their email addresses when they sign up for an account at one supported exchange. Once registered, they will receive an activation link via email.
After clicking the link, they must confirm their identity before transferring funds into their new account. This has become a widespread practice nowadays. Many companies require customers to verify their identities before allowing them access to sensitive information.
Buy XRP with a credit card
If you don’t mind paying higher transaction fees, you could try purchasing XRP with a credit/debit card. Although many people prefer not to pay high fees, others find it convenient to avoid going through the hassle of verifying their bank details online. When using credit card services, you usually get charged anywhere from 2%-5%.
There are no extra fees involved when transferring fiat currency into cryptocurrency. Therefore, it doesn’t matter whether you’re converting BTC to ETH or vice versa. All major cards work fine. We recommend choosing either Visa or Mastercard, depending on what country you live in.
Do XRP uses Bank Transfer
Bank Transfer is another way to convert fiat currency into XRP. Banks charge different rates based on how much cash you deposit. Typically, the minimum amount required varies from $10-$100. Fees vary according to the type of bank you select. Most banks allow you to withdraw your cash within 24 hours after deposit.
The process takes around 3 business days and costs about 5% per withdrawal. It’s important to note that most banks do not support international transactions. That means you cannot send money outside of your home country. Also, keep in mind that withdrawing large amounts of cash requires additional verification procedures, which take longer.
Where to buy XRP
There are several ways to acquire XRP. However, we highly suggest avoiding third-party marketplaces like LocalBitcoins because these markets have been known to scam buyers by selling fake coins. Instead, we advise looking for official sources where you know exactly what you’re getting. Here are some places to consider:
Coinbase
You can get XRP directly from Coinbase. To begin, click here to open an account. Then navigate over to the “Funding Methods” section and select “Credit Card”. Enter all relevant payment info and complete the rest of the form. Your wallet address will automatically appear once confirmed. Next, head back to Funding methods again and select “Cryptocurrencies”. Choose XRP and press continue. Finally, follow the prompts to finish funding your account.
Kraken
Kraken offers USD deposits and withdrawals as well as EURO and GBP pairs. You can fund your account by entering your identification number or scanning a QR code. If you choose the latter option, make sure you save the image somewhere safe so you won’t lose it later. To purchase XRP, first, log in to your account. Once logged in, scroll down until you see the trading tab at the top right corner.
Click this button and enter the following information:
Deposit Amount : 0.01
Currency Pair : USD / XRP
Once completed, confirm your trade by clicking “Place Order”. After placing your order, wait for the funds to be credited to your account before proceeding further. This may take up to 30 minutes.
Conclusion
XRP has become one of the best-performing digital assets since its inception. Its price increased more than 1,000 per cent between January 2017 and April 2018 alone. As such, there are plenty of reasons why investors should start accumulating XRP today instead of waiting for longer.
