Home
News
- 1 Introduced in 2012, Ripple (XRP) is a blockchain-based digital asset that is motivated to advance the payment world.
- 2 XRP’s current price is $0.4934, an upsurge of 1.40% in 24 hours with a market cap of $26.3 Billion.
From barter systems to credit cards and digital payments, the world of value transfer continuously evolved. Major credit goes to Bitcoin, one of the oldest and most powerful cryptocurrencies, which made value transfer much easier, decentralized, and secure. With time the wave of innovation rose, resulting in the creation of thousands of digital assets, offering a faster and more secure value transfer system. One such name in the list is the XRP coin, which serves several purposes, from a payment vehicle to a valuable asset.
Let’s delve into the world of XRP and its buying.
What is Ripple (XRP)?
XRP is a borderless coin streaming on the open-source XRP Ledger blockchain, introduced as a solution to improve payments worldwide. Jed McCaleb, Chris Larsen, and David Schwartz, as a team, introduced XRP in 2012. Using XRP crypto involves buying and selling the digital asset and can be purchased via various avenues. Features counting scalability, inherently green attribute, and around 1,500 transactions per second consolidate the Ripple crypto.
The XRP ledger (XRPL) is a public and decentralized blockchain led by a global community of developers and businesses looking to solve issues and create value. The network is referred to as a global payments network, service financial services, and major banks, to offer more secure, faster, and cheaper services.
How to Buy XRP and How to Choose an Exchange?
Buying XRP or any of the digital assets requires investors or traders to follow a simple procedure. Selecting a suitable cryptocurrency exchange, choosing how to buy or place an order for the respective cryptocurrency, and storing the coin are three regions to focus on.
The selection of a fitting cryptocurrency exchange and payment method helps in purchasing XRP more securely. After knowing the easy steps of XRP buying, the next question is how to select an XRP exchange.
As XRP reserves a powerful and recognized position in the market, finding an online crypto exchange operating with jurisdiction and trading in XRP coins is easy. Choosing an online exchange, registering with that exchange, and researching for cryptocurrency support are all you need to appraise when choosing an exchange.
Binance, Kraken, KuCoin, and OKX are some good options to look at. Here, one thing to remember is fees as it varies depending on the option you select. Once you select an exchange and create an account, the next thing to do is to connect your bank account or debit card with the respective exchange. Another factor to consider is the compatibility of the platform with the fiat currency. Some of the crypto exchanges facilitate fiat currency transfers whereas some only allow crypto asset transfers. The time funds reach your exchange account, you can start trading.
Security is a major factor to consider, especially when the amount of crypto is huge. XRP wallets including Ledger, Trust Wallet, Exodus, and Atomic Wallet are some good options to choose from.
How to Buy XRP with Cash, Credit Card, and PayPal?
Buying XRP with cash or fiat money is one of the easiest ways to become an XRP holder. Buying the respective crypto on a centralized exchange involves sending fiat money over the exchange through bank transfer and using the same fund for XRP purchase.
Online peer-to-peer (P2P) exchanges require KYC and AML processes and facilitate over-the-counter trading of local currencies for digital assets. P2P crypto services mainly operate as marketplaces that assist users in paying local currencies to individual entities. If you don’t want to buy XRP with cash, you can also avail of other options such as credit card or online payment gateway.
First, discussing credit cards, purchasing XRP with a credit card is similar to any other online purchase. Searching for credit card XRP brokers such as Plus500, Coinbase, and Eightcap, and registering an account by filling in the required details is a basic process to follow. Such platforms either need to fund the account or permit to purchase once while joining. You can use a credit card if you are required to fund the account. Hitting the purchase button and filling in the details will help you buy XRP without funding the account. It is important to note that not all credit card providers permit you to buy digital assets using a card.
Another good alternative to buying XRP cryptocurrency is using an online payment gateway, PayPal. PayPal is the world’s most popular payment offering, allowing individuals to buy XRP. However, you can’t directly buy digital assets using PayPal and require exchanges and brokerage platforms. You can use the aforementioned XRP brokers. Fewer fees and reduced slippage help in making the buying worth and risk-free. In addition to this, if you want to store XRP in a Ripple wallet, you need to purchase the coin using a cryptocurrency exchange.
Apart from XRP, PayPal also supports other powerful cryptocurrencies including Bitcoin Cash, Bitcoin, Litecoin, Dash, etc.
The next thing to consider while buying it and using the same for investment or trading purposes is current price and price prediction.
XRP Price Prediction
A person usually invests or trades to make money, thus, it is significant to note the current performance of XRP before investing in it. The price of XRP, at the time of writing, is $0.4934 with a market cap of $26.3 Billion. Also, the XRP value is all set to hit new heights soon.
Focusing on the price prediction, Ripple XRP price prediction is expected to see XRP coin price to $0.68 by the end of 2023. In addition to this, the XRP price prediction for 2025 is around $1.15 as per various analysts.
Conclusion
XRP, a blockchain-based digital asset, is well prepared to boom the crypto world soon. The coin is expected to hit $1.15 by the end of 2050, making it a strong competitor for other cryptocurrencies. Bitfiniex, Kraken, KuCoin, and OKX are some of the exchanges from where XRP can be purchased and stored in XRP wallets. In addition to this, XRP can be bought using cash, PayPal, and credit card.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
