Before Start Reading this Guide, Read Our Article: Is Ripple Coin Worth To Buy In 2017?
Ripple coin does not require any introduction anymore. Day by day, due to its growth rate, investors are now getting familiar with this digital currency which has been invented in 2004 but officially launched in 2012. One of the reasons which make Ripple coin popular is its investors. It is a venture capital, in which many formal companies including Google has invested in millions.
The year 2017 is truly the year of digital currencies like Bitcoin and Ripple coin. In past few months, the value of these two digital coins has been increased with extra ordinary growth rate. While the average growth rate of Ripple coin is more than 75% per day but the original growth in its price against the dollar is more than 3800% since its launch. Due to this reasons, investors are now choosing XRP for the investing purpose. Indeed, Bitcoins are out there in which investors can invest but the price of Bitcoin is now reached to very high which makes it very hard for small and medium size investors to invest. That’s why their second choice is Ripple coin and this is why Ripple has been ranked the Third most popular digital currencies.
You can buy as many as Ripple coins you want against EUR, USD, INR, and BTC etc. Like Bitcoin, there is no minimum amount of XRP are needed to purchase and invest for the investing purpose. Most of these websites which are dealing with BTC, also offering a solution to their investors to purchase XRP. For new investors who got attract with the growth rate of Ripple coin, it could be difficult for them to know that how to invest in Ripple coin and from where they can buy Ripple coin. That’s why I have decided to write this article and help those who don’t know how to buy Ripple and how to invest in to earn a profit?
How to buy XRP?
The official website has mentioned the list of their approved companies from where you can buy Ripple coin by creating an account on the websites. Every website has its own requirements and deals with different currencies. XRP can be exchanged with all the popular currencies of the world including USD, BTC, CAD, JPY, EUR, CNY, ETH and much more. To help the investors, the official website has also shared the detailed written tutorial of each and every website. They have also mentioned the list of banks which deal with Ripple coins. So, it is not really hard at all to find a reliable company to purchase Ripple for investment purpose. The same website which allows you to purchase Ripple coin, also allows you to sell them back.
Most of these websites which allow you to purchase XRP, also share the real time rate of Ripple and other currencies. These stats allow you to make strategy and decide that at what point you should purchase and sale Ripple to generate revenue.
Purchasing XRP works in same way as the purchase of any other currency online. While there are many websites and companies from where you can buy XRP but most popular and reliable are Bitstamp, GateHub, and Kraken. Indian users can buy Ripple from BTcXIndia website which is still in its beta version but works very smoothly.
How to Buy Ripple on Bitstamp?
Purchasing XRP from Bitstamp is totally free. You will only charge when you make a transaction. Registration on the website does not cost any more. Other than just XRP, the website also deals with BTC, USD, and EUR. So, you need to have one of these currencies to purchase XRP.
Step 1: Register on the website by using this link: https://www.bitstamp.net/account/register/. This required you to add very basic information like name and email address.
Step 2: After completion of the first step, you will receive an email with username and password. Use the link (https://www.bitstamp.net/account/login/) and information to log in on the website.
Step 3: Before depositing any money, you need to verify your Bitstamp account. This can be done by using this link: https://www.bitstamp.net/account/verify/. All you need to do is to submit the required information.
Step 4: Once you done with the verification process. The next step is to deposit the money. This could be done by clicking on the deposit option from the main menu or follow this link: https://www.bitstamp.net/account/deposit/. There are different options to choose from. Choose the right one and submit the information.
Step 5: The deposit process may take few seconds to 2 days (depends on the option you have chosen). You can verify the balance from this link: https://www.bitstamp.net/account/balance/. Now visit the buy and sell section or use this link: https://www.bitstamp.net/market/order/instant/ to convert your balance to XRP.
Step 6: The sell and buy section will show you the real time rate of XRP. So, it is now up to you that when to buy the Ripple coin. You can wait for few seconds to few minutes to purchase on the low rates and use the same strategy at the time of sale.
How to Buy Ripple on Kraken?
The process on this website is same as mentioned above except you need to purchase XBT first by depositing money to buy XRP.
Step 1: Register on the website by using this link: https://www.kraken.com/signup. You need to fill the form with username, password and email address.
Step 2: Once you receive an activation email. Simply click on the link mentioned in the email for the activation process.
Step 3: Like Bitstamp, you need to verify your account on Kraken website. They offer different Tier options for this purpose. So follow all the instruction mentioned on each Tier page. This will also require you to upload the scanned copy of your Photo ID.
Step 4: You will receive an email about the verification of your identity before you see the deposit option. Click on Deposit option which is under Account > Funding > Deposit in the main menu. You need to place an order to buy XBT first. On order page, you will see many options, select which suits you most.
Step 5: Once you did with the order, you will able to see the option to exchange XBT against XRP. Click once again on the new order and select the option Simple. Now you will able to use your XBT to buy XRP. Simply enter the amount and click on buy XRP button.
How to Buy Ripple on GateHub?
GateHub deals with many currencies including JPY, BTC, ETH, USD, CNY, and EUR etc. So, you have many options on this platform to purchase XRP.
Step 1: Register on the website by using this link: https://signin.gatehub.net/signup. Submit basic information like email ID and password. You can download recovery key on this page which you can use in future if you forget your password.
Step 2: Active your account simply by clicking on the link which you will receive through email.
Step 3: Now signup on the website and verify your identity. For this purpose, you need to have a mobile number where the company will send you a 4 digits verification code.
Step 4: Before depositing the money, you need to create a gateway. For this purpose, you need to click on the option called connect a gateway on the home page. From here you will select the currency like EUR (or any other) and click on confirm option.
Step 5: The gateway will allow you to depot the money. Click on Deposit option and select the option to deposit the money. You can use a bank account for this purpose.
Step 6: Once you successfully deposit the money in your GateHub account, you will see the amount in your wallet. This amount can be used to buy XRP. Click on the Exchange EUR to XRP option and enter the amount. You will see the real-time rate of XRP on this page. Click on the green button to buy XRP.