This blog will be about where you can buy Ripple, why it’s so hot and how to pick a wallet for storing your coins.
Ripple is on fire. In the last year, XRP, the coin associated with the Ripple network, has climbed more than 36,000%. At one point during the rally, it was the second-largest cryptocurrency by market cap. The price of XRP has since come down from its highs but many investors are still bullish on it.
But here’s the thing: there is a lot of confusion among new investors on where they can actually buy this thing. So let’s clear that up right now.
Ripple is a network (RippleNet) that uses blockchain in order to enable global transactions such as cryptocurrency trading. The payments made by Ripple are faster. It takes a few seconds to process your transaction, unlike Bitcoin transactions that take about 10 minutes to be processed. XRP is only used as a bridge currency to other currencies. In other words, when a bank wants to transfer money to another bank that doesn’t have an account in their banks, they exchange the money into XRP and transfer it over RippleNet and then exchange it back into their preferred currency.
Ripple is one of the hottest cryptocurrencies out there. It’s been featured in a variety of news outlets, from Bloomberg to Forbes. Its price has risen over 36,000% in the last two years! The current price of Ripple (XRP) is more than $3, which puts its market cap at $120 billion dollars.
Not only is it popular, but Ripple is also very useful. Unlike Bitcoin and other cryptocurrencies that are used primarily as a store of value and a medium of exchange, Ripple can also be used by banks to settle cross-border payments in real time. You see, Ripple was created to be a faster and cheaper alternative to bitcoin and other cryptocurrencies.
If you’re interested in buying Ripple XRP but don’t know where to start, you have come to the right place! This blog will be about where you can buy Ripple, why it’s so hot and how to pick a wallet for storing your coins.
Ripple XRP is the native currency of RippleNet, a network of institutional payment-providers. RippleNet connects banks and other large institutions to enable fast and cheap transactions between them. It is a real-time gross settlement system (RTGS), currency exchange and remittance network created by the Ripple company. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world.
Ripple XRP outperformed all other cryptocurrencies during 2017 with a staggering 36000% increase in price. Today Ripple XRP is still one of the top 10 cryptocurrencies by market cap, but it has lost almost 95% of its value since January 2018. Despite this dramatic decrease in value, many experts believe that XRP will continue to grow and can potentially reach $10 by 2020.
Where to Buy Ripple?
There is no single place to buy Ripple because there are numerous exchanges that offer you a chance to buy XRP from different parts of the world. The exchanges you’ll be using depend on what country you live in and what currency you want to purchase with. For example, if you are from Germany and want to buy with EUR, use Bitstamp or Kraken; if you live in Canada and want to purchase using CAD
Ripple (XRP) is one of the top ten cryptocurrencies and the second largest coin by market cap. It’s an open payment network for anyone to use.
The best-known cryptocurrency, Bitcoin, has gained more than 1,200% this year alone (as of the time of writing). However, other coins have outpaced BTC. Some pundits are even predicting that Bitcoin will soon be overtaken by some of its competitors such as Ripple.
Ripple is a distributed open-source protocol with its own currency, called XRP. It was created in 2012 by a web developer named Ryan Fugger and it leverages blockchain technology to facilitate cross-border payments.
So what’s all the fuss about? Well, Ripple’s payment protocol offers fast transaction times and low fees. And unlike Bitcoin and Ethereum which are aimed at individual users, Ripple provides a solution for enterprise payments such as remittances and cross-border transactions. This makes it very appealing to banks and financial institutions who want to take advantage of blockchain technology while maintaining control over their transactions.
Ripple is the third largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It’s widely considered to be one of the most important cryptocurrencies today.
Ripple is used as a payment system for banks and also for individuals who want to send money across borders fast and without high fees.
This system is attractive for banks because it can save them up to 60% in fees compared to traditional money transfer services like SWIFT.
Because Ripple can be used to make transactions faster, more secure and cheaper, banks look at it as a way to improve their services.
The Ripple network can process 1,500 transactions per second; Ethereum currently processes 15 per second, while Bitcoin processes only 7 per second.
Ripple has already signed on many major financial institutions that have committed to using the technology. These include Bank of America Merrill Lynch, Santander and UniCredit.
If you’re still wondering “what is Ripple?” or “what is XRP?” you might want to watch this video from Altcoin Daily where they explain what Ripple is all about:
Ripple is the latest cryptocurrency to wow investors. It is up 1,000% in only a few weeks and has a market cap of $16 billion. But it’s also raising concerns that it’s a bubble and might soon pop like other digital currencies have.
Cryptocurrency 101
Before you start looking at Ripple or any other cryptocurrency, you need to know what they are. Cryptocurrencies are digital currencies that use encryption techniques to regulate their use and generate their release. They are not backed by any government or central bank and operate independently of traditional banks.
How to Buy Ripple
Ripple is currently trading at about $2 per coin, but it’s been as high as $3.65 since December 2017. That’s just when its popularity started growing, so there’s no telling how high it will go in 2018. But if you want to get in on the action, here are three places where you can buy Ripple:
When it comes to the cryptocurrency market cap, the top five needs no introduction. Everyone knows Bitcoin, Ethereum, Bitcoin Cash, Ripple and Litecoin.
But what about lesser known cryptocurrencies such as NEO? Can they still make you money in 2018?
NEO is a blockchain platform that allows developers to issue and trade assets digitally. It is similar to Ethereum except for its use of the dBFT consensus mechanism.
NEO can also be used to create dApps and smart contracts. With these tools, you can digitise any kind of real-world assets (e.g. house, car) and make them tradeable on the NEO blockchain.
These features have earned it many comparisons to Ethereum. But unlike Ether, you can’t mine new coins using a GPU or ASIC miner.
This article will look at how to buy NEO and where it could be headed in 2018.