What you need to know before buying Ripple
Ripple is known for its almost free global financial transactions that can be processed in four seconds. If you want to get your hands on Ripple, go to a Ripple exchange where can buy, sell, convert, and trade the altcoin. This is also where you can see the current price of Ripple and other altcoins.
Find out the different ways you can buy this altcoin, the reliable exchanges that you can go to, and the qualities of a good exchange.
3 Easy ways to buy Ripple
Buy using credit cards
If you are planning to use your credit card to buy Ripple, make sure that the exchange allows that mode of payment. This is because a few online exchanges allow you to use Ripple directly with credit cards. To use credit cards, you just have to register with the exchange, select your currency, enter your Ripple address, and enter your credit card details. Coinbase, BitPanda, and CoinMama lets you buy Ripple using credit cards.
Buy through bank transfer
Using a credit card to buy Ripple is easier, but you can also use your bank account in some exchanges. Bank transfers have the same procedure with using a credit card but instead of entering your credit card details, you will be using your bank account details. You just have to connect your Ripple wallet, send your funds through the bank.
Buy with Bitcoin
This is the most common way of buying Ripple.You just have to go to a Bitcoin exchange, buy Bitcoin, then convert it to Ripple. This process will be much faster if you already have bitcoins. You can go to CoinSwitch if you are planning to use this method because it is the leading tool that converts Bitcoin to Ripple and vice versa.
Explore trustworthy exchanges for Ripple
- It is one of the largest exchanges in South Korea and it allows remittances and gift vouchers.
- This exchange is the third largest in Korea. It recently opened a physical cryptocurrency exchange where you can try face-to-face consultations on trading.
- This crypto exchange offers a merchant processor that allows them to add their online and offline stores.
- It is an exchange based in Taiwan that is open to multiple cryptocurrencies. It also has a funding market for traders.
- This US-based exchange has auditing programs to monitor the activities 24/7. This program reports and blocks all suspicious activities.
3 Qualities of a good Ripple exchange
Ripple is increasing in popularity because of its features, and therefore more exchanges are offering this altcoin. This is why you should be sure that the exchange that you choose is the best. Here are some of the elements that you should look for before you register to a certain exchange.
Convenient purchasing options
Check the payment methods that an exchange has: credit cards, wire transfer or bank account. Make sure that you choose the most convenient method for you.
Low exchange fees
There are exchanges with Ripple that require clients to pay high fees compared to the market rate. You should also check the additional charges.
Making sure that the exchange is secure is one of the first factors that you should check. Review the reliable protocols an exchange must have to be sure that your coins are secure.