There are currently over 400 million people worldwide that use cryptocurrencies.
The biggest crypto is Bitcoin, but thousands more have been developed over the years. Another early crypto that’s been one of the more popular choices for several years is XRP (also known as Ripple).
If you’re a crypto investor looking to diversify your portfolio or just getting started, you might wonder how to buy XRP. This guide covers everything you need to know.
Where To Buy XRP?
Whenever you want to purchase a cryptocurrency, you can do so through a crypto exchange or Bitcoin ATM. There are various exchanges available. While most online cryptocurrency exchanges are similar for the most part, they do have slight differences.
Exchanges vary in terms of fees and supported crypto coins, so it’s worth looking into these before making any purchases. Other bonus features like staking, and NFT trading might also interest you. It can also be worth researching things like the level of security and reliability of different exchanges before settling on one.
To find out what exchanges allow you to purchase Ripple, you can head to CoinMarketCap and look up XRP. Click on “Markets,” and you’ll be able to see where you can buy Ripple and what currencies you can use. If you want to use a specific currency, such as USD, you can look under the “Pairs” heading for XRP/USD.
How To Buy XRP
The buying process will differ for each exchange, and some have a more straightforward approach. The easiest way to purchase XRP will usually be with fiat. However, users can often make purchases with a debit/credit card.
If you don’t want to use a fiat currency, you can buy XRP with another crypto. To purchase XRP with another crypto, you must take out your chosen crypto wallet that supports the Ripple blockchain. You can then buy the crypto you wish to use for your purchase and use your selected exchange to purchase your XRP. Most exchanges have guides that can help you if you’re having trouble. You can also find a lot of helpful information on sites like YouTube and Twitter. Finally, you can contact the support team on your exchange if all else fails.
Once you’ve got your XRP, transferring it from the exchange into an external wallet is generally considered a good idea. You can use a hard or soft wallet. Both options are more secure than keeping your crypto on an exchange. Check out our ByteWallet for your crypto wallet and banking needs. Your Keys, Your Crypto.
Using Your XRP
Many people buy XRP and other cryptos as investments, but there may be times when you want to spend some of the cryptocurrency you have. Byte Federal has over 1,000+ Bitcoin ATMs across the US supporting a range of cryptocurrencies.