Ripple would be one of the apt ways to name a global settlement network that makes it sending any form of currency to anyone around the globe within a matter of few seconds. Just like a small ripple over the lake sends millions of ripples all over it within seconds, the XRP- ripple sends currencies like ripples all over the world! Ripple is nowadays more preferred than even the bitcoins as per www.express.co.uk/finance/city/900494/Ripple-price-2018-news-why-rising-should-you-buy-xrp-token-Bitcoin. Ripple focuses more on coordinating with the banks as it is touted as the best, cost-effective and efficient way to send payments all around the globe. Let us take a look at the quick three steps to buy Ripples:
1. Get Yourself A Ripple(XRP) Wallet The first step is to get a ripple(XRP) wallet. But, you should ensure that you save the secret key in one or many secure places. The secret key helps users to access the wallet whenever they need it. The XRP wallets are similar in operation when compared to the bitcoin wallets. It is better that you keep the XRP in a hardware wallet to ensure the safety and security. Please ensure that you charge a new ripple wallet with 20XRP as a reserve to protect against spam attacks on low levels. You could even get desktop wallets for Windows, Linux, and Mac.
2.Get In Touch With A Ripple Exchange After getting a ripple wallet, next step you need to make is to get in touch with a ripple exchange. There is a wide range of options to buy ripple in the present scenario. You can buy it easily with fiat currencies like EUR, USD, etc. There are also special exchange centers to trade your bitcoins to ripples.
You can invest in ripples either via fiat currency, trading fund or with bitcoin. The trading fund method mostly works only if you stay outside the US. The platform can be used to trade bitcoins using fiat currencies. If you are someone who doesn’t own a bitcoin yet, is to buy it directly using your credit card or wire transfer methods. You could rely on Bitstamp or GateHub to purchase the Ripples.
If you are someone who owns Bitcoins, then you can use it to buy Ripples. It is also the cheapest ways to get Ripples. You could even buy Bitcoins first and then use it to buy Ripples.
3.Withdraw The XRP Coins To Your Ripple Wallet It is better not to withdraw the XRP coins on the same exchange you had purchased it from. If you do so, you will not be able to control the privacy of the key, and hence the coins won’t be yours. It is always better to withdraw the XRP coins to your ripple wallet itself. This ensures that your private keys remain safe and secure.
Ripple- A Worthy Investment Choice! The coming years, you will be able to observe a rise in the Ripple investments. Larger banks will choose Ripple as it is a great global settlement network. The network makes transactions easier all around the globe. Ripples are touted as a worthy and great investment choice due to the wide range of benefits it offers to the users.