If you are a regular follower of the digital market then you have surely heard the name of Ripple. It has become an eye-catching currency in recent times because of all the benefits it has. Moreover, it’s not only a cryptocurrency but a platform itself. Therefore thousands of people are investing in this crypto to get the most out of it. However, before we go any further it’s essential to clarify a few things.
For example, Ripple is not a currency but the name of the company. So, this is something that every digital market investor should know beforehand. What’s the name of the coin you may ask? Well, it’s XRP. However, there are people who confuse it and therefore call the coin the same as the company’s name.
Ripple is a bit different from other popular cryptos because the developers or makers created it as a for-profit company. In other words, this company wished to enable a frictionless way to send money across the globe. This was made possible through the means of the coin.
So, if you are a person who wants to know more about XRP coins and how you can invest or buy them, then you have just come to the right place. Yes, in this article we shall discuss a few riveting facts on the company and its coin and also focus on how you can make a purchase.
Ripple An Overview
As we said earlier, it is a company but people often confuse it as a coin as well. So, this is actually a payment processing platform that can allow global transactions using the coin XRP.
Ripple is, of course, a global payment network that the developers started back in 2012. It has continued to grow over time and now the currency speculators have shown much interest in it.
This platform uses a blockchain ledger that is quite similar to coins like Bitcoin and other famous crypto coins. However, it has unique features as well that allows faster and smoother transactions. In fact, it also allows the users with security.
How is It Different?
So, as we said earlier, Ripple is quite different from other eminent cryptocurrencies because a private and for-profit company created it. When they made it, they released around 100 billion coins in the market. 20 billion coins were held by the creators and the rest were given to the labs. Since then, the lab has placed about 55 coins in an escrow account to ensure the stability of the users and the marketplace.
In fact, we can also call XRP a Bitcoin killer because it has shown much success. To be honest, it has shown explosive price increases throughout the years. However, what’s great about this coin is, despite such grand success the prices are still cheap.
Investing on Ripple
First of all, we need to realize the fact that a lot of exchanges have De-listed this platform because of SEC investigation. However, despite such fact, it’s still possible to invest in the company and get the coins.
For example, you can use XRP coinbase. However, it’s also true that we can’t transact with it yet. There are rumors that Coinbase will allow trading of this coin soon. Until then, we have to rely on Kraken, Coinmama, or even Uphold as options.
Therefore, we can see that it’s not quite easy to invest in this platform. In other words, it requires multiple stages to ensure that you have made a successful buy. For example, you can invest in bitcoin and then transfer the amount to your account and then invest in the platform. So, without further ado,
Let’s explore how you can invest in Ripple or buy them
1. Creating a Coinbase Account
The first thing one needs to do is to make a coinbase account. It’s pretty simple and if you deposit around 100 bucks then you get 5$ bonus as well. Coinbase is quite popular because they have a lot of popular currencies available for purchase on their website or app.
So, in other words, you can get XRP from the coinbase. XRP Coinbase is quite popular and pretty easy to buy on the app as well. Along with this currency, you can also buy Bitcoin and other famous cryptocurrencies. In fact, you can also transfer US dollars easily.
2. Buying Ripple
So, once you have Bitcoins in the coinbase account then it’s time to buy XRP.
In the coin base account, you have to click on the Ripple platform and then trade it. Once you have traded, it will show on the coinbase account. It’s relatively simple this way and doesn’t require much effort at all if you know what you are doing.
Final Thoughts
Like any other currencies of the digital market, there are risks in the Ripple as well. However, if you are dreaming big then taking such a risk is an effective option. So, now’s the time to invest in this platform and get maximum benefit. Through Coinbase XRP, you can easily invest in the platform and wait for a huge boost in upcoming years. We never know when a digital coin can skyrocket like Bitcoin.
So, it’s all about making sure that we are following a great path and securing success for the future. Hopefully, this article addressed the issues and gave clarity on the subject that you wish to know more about.
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