How to buy Ripple (XRP) | Buy & Sell Cryptocurrencies
Ripple (XRP) is one of the many crypto currencies available, there are over 1500 crypto coins in use.
Ripple positions itself as a complement to, rather than a competitor with Bitcoin. Their site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network, which means transactions occur immediately across the network – and as it is peer to peer – the network is resilient to systemic risk. Ripples aren’t mined – unlike bitcoin and its peers – but each transaction destroys a small amount of XRP, which adds a deflationary measure into the system. There are 100 billion XRP at present.
Released in 2012, Ripple purports to enable secure, instantly and nearly free global financial transactions of any size with no charge-backs.
Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology with American Banker explaining that “from banks’ perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like Bitcoin.”
To commence trading crypto currencies you need:
To purchase Ripple (XRP) and other crypto currencies an exchange is required, there are several available however I find the application user interface and general ease of use and understanding of the Binance Exchange suits me. I have recently added BitMEX Exchange as this offers a trading strategy that has recently been introduce to the trading platform I personally use. To learn more please contact me directly via the ‘Contact Us’ page found on the menu bar at the top of this page.
The first step is to have an e-Wallet where Bitcoins can be purchased and stored, in this example for ease of use I am using CEX.IO.
When you have Bitcoin (BTC) or part thereof, send your chosen amount to the exchange, from the exchange trade your BTC for XRP and/or your preferred currency(s).
I am using Ripple (XRP) coin as an example as this is currently one of the most popular ICO to enter the market, so much so that XRP can be purchased directly within the CEX.IO e-Wallet and crypto service providers exchange. The exchange trading facility is limited to about the top 10 crypto currencies.
Ripple (XRP) is a coin to follow, their peer to peer trading has large businesses considering accepting them as a form of purchase within their trading networks. This would put them in a similar position to Bitcoin and a few other crypto currencies that are now accepted as a popular payment method for goods world-wide..
Many exchanges don’t offer more than 20 or so coins, Binance offers hundreds and focuses on hosting newer alt coins before other exchanges so often the cheapest place to buy certain cryptocurrencies anywhere online is on Binance
One of the biggest draws to BINANCE are the super cheap transaction fees.
Oct 2018 I am evaluating another platform & I see this as my new favored cypto trading BOT that connects via API with BINANCE. A particular trading BOT I am using automatically pre-selects 17 crypto currencies for you, this list you can edit at any time and is NOT restricted to 17. In addition to extensive ongoing training I am offering you the opportunity to smart trade with not only my bots but with access to additional signals on what coins to trade now with buy & sell limits. Foreign to you? well let me tell you, the trading platform does it all for you, no need to understand the graphs etc.
The pre-selected currencies are the most profitable and popular crypto currencies at the time of selection, this is worthy of noting to maximise your potential earnings.
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enter CTRD as the subject.