Ripple – Where to Buy in US?
When it comes to Ripple – where to buy in US, while some exchanges permit trading straight away, others insist on a KYC. The latter is preferable, even though it is time consuming because increased security is very important while trading Ripple.
Most cryptocurrency exchanges don’t permit the exchange of fiat currencies like USD for XRP. USD is, therefore, used to acquire a cryptocurrency listed as part of a currency pairing with Ripple like BTC or ETH and then exchange these for XRP.
- Clicking through to markets or exchange sections on the trading platform and searching for currency pairings you are looking for is fairly easy.
- There are so many exchanges to choose from.
- While there is an option of storing XRP units on the exchange itself, it is a measure which compromises on security.
- So experts recommend that it is safer to move Ripple into a secure wallet for storage.
While XRP was launched in 2012 by Ripple Labs, it sought to provide an enterprise-level blockchain solution for global payments. For example, RippleNet connects banks, payment providers, corporate entities and digital-asset exchanges for payments in real time. Cryptocurrencies like XRP are known for being speculative and complex. So, choosing the right exchange is important.
Top 3 Crypto Broker Comparison
Coinbase, Binance, Coinmama, and BitPanda: Key Options for Ripple Investors
Coinbase is one of the easiest and fastest exchanges for trading Ripple. Coinbase permits credit card purchases of Ripple with USD. Coinbase is available in the US, EU, UK, Canada, Singapore and Australia. Once there are bitcoins or ETH in your possession, you can even use exchanges like Binance to convert BTC to XRP in under 10 minutes. Binance is a great exchange for Ripple since it offers excellent volumes, which means that there is hardly ever a shortage.
Another good choice is CoinMama. It allows buyers to purchase BTC, ETH or Litecoin with credit cards from any nation. Once bitcoins or Ethereum are in possession, these can be converted to XRP using exchanges like Binance. For some US buyers, buying bitcoins or Ethereum with a bank account using Coinbase or another service can be a good first step to buy XRP. If you want to buy Ripple directly with a bank account, Bitstamp is a great option as it allows those in the US to transfer their funds directly. There is a minimum fee of $7.50 or 0.05% of the transaction, whichever is the highest. There are also a number of payment options for those situated in Europe and other parts of the world.
Which Ripple CFD Brokers Are Popular?
US-based Kraken is among the best CFD exchanges for the cryptocurrency. It's one of the oldest cryptocurrency exchanges in the world and was established in 2011. This exchange is lauded as being one of the first crypto exchanges listed on the Bloomberg terminals. For traders, dealing with Kraken often results in speedy results which allow them to take full advantage of buy and sell situations. As one of the most respected exchanges in the world, Kraken is now supported in Japan and many European countries as well. Kraken offers both bitcoins and altcoins to those who wish to diversify their portfolios.
Another favorite is the US-based Coinbase, which started off in 2012. This exchange has a vast list of cryptocurrencies available to discerning buyers, with accounts starting off with as little as $5. Coinbase currently enjoys a market cap of over $100 billion. They have over 20 million users and over $150 billion in transactions have gone through the platform. For traders, the vast list of options include BTC, ETH, BCH, LTC, and more. Advanced traders also have access to Coinbase Pro, Coinbase Asset Management, and Coinbase Paradex. Institutions have access to Coinbase Prime and Coinbase Custody. Business have access to Coinbase Commerce, while individuals can look forward to Coinbase Consumer, Coinbase Wallet, Coinbase USD Coin, and Coinbase Earn.
Social Trading Network Exchanges For Buying Ripple
For a social trading network exchange, look no further than eToro. Recently adding the US to its extensive list of clients, the platform has skyrocketed across the globe. It offers CFDs, is FCA registered and trades in not just Ripple, but also ETH and BTC. This exchange spans 15000+ markets. One of the most rapidly expanding cryptocurrency brokers, this social trading network was known as Retail FX when it was founded in 2006. There are millions of traders ranking in leagues around the world. The eToro site has over 4,500 thousand registered traders. Apart from being a leading CFD broker for forex and equities, bitcoin and Ripple are also on offer.
A social trading network makes it possible to earn cash by copy-trading. There are, therefore, multiple ways to buy Ripple. From purchasing Ripple directly at an XRP exchange to trading it with derivatives like CFD or spread betting brokers, there are many options. Buying Ripple directly means that the risk is higher. If Ripple reaches nil value, you lose the entire amount. Speculating with brokers like ETX is safer. Derivatives crypto brokers permit you to speculate on whether the price goes up or down without actually owning it. If Ripple is traded through the spread bet, capital gains on profits don’t have to be paid. Trading on leverage requires strategies because if you lose cash, it cannot be offset against investment profits.
SpreadX, IG: Future Options for Buying Ripple in the US
Since its inception in 1999, SpreadX specialises in BTC, ETH, Litecoin, Dash and, of course, Ripple. This FCA registered CFD spread betting broker covers over 15,000 markets. Then, there is IG which also specialises in Bitcoin, Bitcoin Cash, ETH, and Ripple. Spread betting, CFDs, registration with the FCA are some of the benefits. Founded in the 1970s by S. Wheeler, IG is a publicly-listed brokerage firm in London. As of 2017, IG had a market cap of 2.4 billion pounds and an active client base of 185,000 users. While rollout to a US market hasn't been announced, the platform is slowly finding its feet across Europe. One of the reasons a rollout to the US should happen with this platform is due to the high levels of trust their client base has. It also happens to be a client-centric platform that provides speedy responses through their live chat service.
IG has offices in several European and Asian countries as well as the Middle East. It covers over 15000+ markets. As one of the most-frequented platforms in Europe, it's hard to imagine that it doesn't have a US presence. The site does state, however, that a US launch is iminent and that trading in the US markets will commence shortly.
Diversifying Your Purchase: Why Coindirect Offers Value
Markets for cryptocurrencies like Ripple are undergoing high levels of growth. These are impacted by speculation, so a fair amount of volatility is there. This can also work to your advantage. Diversifying the cryptocurrency portfolio is essential. This is why you should consider buying more than one cryptocurrency. Research the different options before you. For a diversified cryptocurrency trading strategy, Coindirect gives the ability to purchase, sell or convert over 34 altcoins instantly and effectively. There are unique alternative options that can take over several days.
A cumbersome process can be averted by choosing the right cryptocurrency exchange. Withdrawing XRP to an offline wallet like Ledger Nano S or any other wallet that can be controlled is advisable for ensuring maximal security. This is why an exchange like Coindirect is a good choice. The wallet creation facility offered at this exchange offers a secure and easy way to transact business online.
Buying Ripple with PayPal or cash is not possible through an exchange. There is no direct way to buy Ripple with PayPal, but Binance is an exchange that permits purchase of BTC with PayPal and conversion of the same to XRP. Some cryptocurrency ATMs support Ripple, amounting to less than 1 percent. Buying Ripple with cash, therefore, requires buying BTC with cash and converting this to XRP using an exchange like Binance.
Buying XRP with Cryptocurrencies or Payment Gateways
Binance is used to easily exchange bitcoins for Ripple. Once there is ETH or BTC available, Binance and other such exchanges can be used to convert coins to Ripple. Swap your bitcoins or ETH for XRP at Binance and you’ll benefit from the most liquidity as compared to any other exchange. Binance permits trading within minutes of signing up. ShapeShift is another useful exchange for converting any coin to Ripple. Shapeshift.io makes it so easy that you don’t even need to open an account. Shapeshift further only holds funds for the duration of the trade.
Coinbase altcoins are, however, the easiest to buy. This is one of the largest cryptocurrencies in the world. For trading Ripple CFDs, forex broker AvaTrade is a good bet. AvaTrade offers CFD trades with 2:1 leverage. Trading Ripple starts from as little as 100 pounds. The broker offers round-the-clock Ripple trading for maximum convenience. Go short on Ripple and you’ll benefit even when the markets are down. Further, AvaTrade offers nil commissions on Ripple trading and does not charge bank fees on transactions either. Regulated on 5 different continents, AvaTrade orders can be executed in just under 3 clicks.
Several crypto exchanges handling the XRP token include the popular Bitstamp, Gatehub, Kraken and Coincheck.
Buying Ripple at US Exchanges Securely and Instantly
Some of the basic steps vary but creating an account on any of these services requires identity checks. Kraken even has a two-factor verification process. Then, Gatehub has a system where a PIN code is received by SMS. Once the account has been set up and information has been verified, funds need to be deposited into the account and trading commences. For buying XRP, bitcoin needs to be purchased first and deposited into the account. Many exchanges accept USD as the preferred fiat currency, but others also accept GBP and the Euro. You can even trade cryptocurrencies for other digital currency. Depending on the Ripple exchange you choose, the time taken to clear order contracts vary. For example, while XRP transactions are instantaneous in most cases, other transactions require complex processing. To sum up:
- Many exchanges around the world accept payment in fiat currencies like USD.
- Depending on the exchange chosen, contracts vary in the time taken to execute them.
- Ripple transactions are completed in an instance for most exchanges
- Ripple is a popular altcoin and exchanges that trade in XRP reflect this.
But while considering the BTC versus XRP debate, Ripple would win hands down. With the fastest transaction and processing time, Ripple offers amazing value for those seeking anonymous, free and decentralised transactions. In light of this, buying Ripple is a sound financial move and the future of this altcoin is bright, indeed.