With the explosion of XRP, many are now wondering how they can purchase XRP. The process is actually pretty simple, and here I will walk you through it. First thing is, XRP, like other cryptocurrencies, are traded on cryptocurrency exchanges. Ones that support XRP are listed on the official Ripple website.
There are several major exchanges, some which support buying XRP directly with fiat currency (such as euros or USD). The one I used to purchase my initial XRP during the early days when the price was still low, was Bitstamp. Bitstamp also allows buying XRP with Bitcoin. The general steps are to register, then use ID (e.g. passport) to verify identify, then to transfer money via bank transfer, or Bitcoin to your Bitstamp account, and then purchase XRP. If in doubt, Ripple has official instructions on purchasing on Bitstamp, Gatehub, and Kraken, which are three reputable cryptocurrency exchanges.
Once you have purchased XRP, it is crucial to not leave it on the exchanges (due to potential hacking), but to transfer the XRP to a secure cryptocurrecny storage wallet. So don’t forget to store XRP safely by using the popular and trusted Nano Ledger S Hardware Wallet. Also, Amazon has a range of cryptocurrency wallets, accessories, and tools, as well as books on cryptocurrency investing.
For information on how to buy XRP, click here. If you have been chatting with colleagues, friends or family members, or anyone that is on the fence or uncertain about XRP, direct them to this article: Ripple XRP – debunking the myths.
Disclaimer: This post is my own personal opinion. I am not a professional financial adviser and am not responsible for your own investment outcomes.
Disclosure: At the time of writing this post, I hold units of XRP.
Categories: Ripple XRP