Ripple is a decentralized payment system majorly for the banking industry that lets them receive and send currencies and also settle transactions much more faster and cheaper than their current banking system. Ripple has three parts: the Ripple Labs, led by CEO Brad Garlinghouse; RippleNet, which is the payment system itself, and XRP which is the token used on the Ripple network for peer-to-peer transactions. Where Ripple parts of Bitcoin is that it was not the intention of the RippleLabs for it to be a digital currency like bitcoin, it was a utility the banks used to conduct their transactions. It was called a settlement token for the Ripple blockchain. Ripple is not a minable coin like bitcoin and ether; where more coins are created by activities of miners, instead Ripple is verified by different parties. How and Where to Buy XRP? There are a lot of exchanges on which Ripple is listed and depending on your location; you can buy from the following places. Because security is essential, Bittrex employs the best security technologies available, having to save up to 90% of deposited monies in an offline wallet. These are the big coins that represent the base currency of the crytosphere. You can first buy bitcoin or ethereum from friends or at LocalBitcoins. Then you are set for purchasing some Ripples on Bittrex. Binance Here is another option for those residing in the EU. Those from South Korea should find the following places easy to use: Coinrail The platform, suitable for Asians helps in exchanging cryptocurrencies just like other exchange platforms. The advantage it gives the South Koreans is that Ripple can be traded against the South Korean Won KRW which is the local currency for the South Koreans. The site might be a little tricky for international users, but with the help of a page translator, people should be able to get on the platform just fine. Bithumb is similar to Coinrail as well, located in Seoul, Korea. Deposits on the exchange platform can also be in KRW or other cryptocurrencies available to be deposited on the platform. After deposit, you can then go ahead to trading your deposited funds for the Ripple. Trying to exchange your cryptocurrencies for Ripple without an exchange? Then consider this: Shapeshift The platform, similar to Changelly is a place where you get your cryptos exchanged without having to deposit your cryptos first on an exchange or you needing a verified account to do so. Your cryptocurrencies go from your wallet, and the exchanged funds end in the other wallet for the crypto you exchanged to. Having a huge number of cryptocurrency listing, you can easily trade your cryptocurrencies for the Ripple. Alternatively, you can trade Ripple against USD. Deposits and withdrawal are fast, and the platform is pretty easy to use. Bitstamp This is also a big name among exchanges. With lots of volumes being traded daily, you can exchange your bitcoin, ether, and other altcoins for Ripple. You also get to deposit to the platform in USD, especially when you are depositing from a European bank account. The SEPA transfer option on the makes depositing in USD easily. Kraken The platform is a top European based exchange that offers a variety of pairs which includes trading for fiats as well. Security on the platform is high with them offering the two-factor authentication option. Withdrawals and deposits on are variable depending on methods. You can easily trade the EUR or USD for Ripples on the platform. As much as you can buy cryptocurrencies with fiat, if you have some other cryptocurrencies aside Ripple, you can as well exchange them for Ripple smooth and fast on any of the platforms above to save time. Having to deposit fiat takes a lot of time sometimes, in some cases, days. Another thing you would want to put into consideration before choosing an exchange would be the exchange that allows you trade without restrictions; having to submit documents that may not be readily available before you can buy or sell your cryptocurrencies. Copyright © 2018 UseTheBitcoin. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Please consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, cryptocurrency or other investment.
