Download
1 / 11
110 likes | 115 Views
Ripple (XRP) is different from many other popular cryptocurrencies because it was created by a private, for-profit company. This company wanted to enable a frictionless way to send money globally, and its coin Ripple is the way it does it. Letu2019s find out more about one of the easiest way to buy ripple.
E N D
Ripple (XRP) is different from many other popular cryptocurrencies because it was created by a private, for-profit company. This company wanted to enable a frictionless way to send money globally, and its coin Ripple is the way it does it. Let’s find out more about one of the easiest way to buy ripple.
The biggest problem when it comes to Ethereum or even Ripple is, Ripple didn’t used to be the easiest crypto currency to buy. It used to require some additional steps compared to investing in Ethereum. But let’s break it down and show you what to do.Ripple was originally a payment processing platform that allows global transactions using its coin, XRP. Its global payment network was started in 2012, and has continued to grow as companies have adopted it, and currency speculators have taken interest in Ripple.
Ripple uses a blockchain ledger similar to Bitcoin and other crypto-currencies, but it also has come technical differences that claim to make it easier to process transactions, and more importantly, faster while remaining secure.
How Ripple Is Different?Ripple is different from its major competitors Bitcoin and Litecoin in that it was created by a private, for-profit company. It’s important to note that Ripple has been called a Bitcoin-killer since at least 2014, but it’s only recently that it has gained real traction and momentum among crypto-currency enthusiasts.
Ripple has had explosive price increases similar to other currencies recently, but it’s still very “cheap” in terms of price.With the SEC investigation, many exchanges have delisted XRP. You can still hold your XRP at places like Netcoins, but you can’t transact with it. As we mentioned earlier, Ripple is not “easy” to invest in. It used to require multiple steps — from investing in a basecoin, then transferring your account, then investing in Ripple.
Step 1: Register a Username and PasswordPick a username and password unique to you. It’s free and all you need is a valid email address to get started. Once you confirm your email address, you can proceed with verifying your account.Step 2: Verify Your Netcoins AccountVerifying your identity with a government issued ID is as easy as uploading a valid driver’s license or Canadian passport. Doing this online is fast, convenient and totally secure.
Step 3: Funding Your Netcoins Account to Buy RippleFunding a Netcoins account can be done using an e-transfer, online bill payment or bank wire transfer. Users can also deposit existing digital currencies onto the Netcoins platform and start trading as soon as the transaction is confirmed on the blockchain.Step 4: Buy Ripple XRP TokensRemember, buying your way into Ripple means acquiring the XRP token.
Netcoins allows you to do so through all of the classic order types offered by major trading exchanges. One of the best place to buy Ethereum, Netcoins also helps you buy bitcoin, Litecoin or bitcoin cash.SOURCE CREDIT: https://medium.com/@bitcoinwalletcanada/ripple-basics-what-is-the-easiest-way-to-buy-ripple-b08531fb750
