The Ripple cryptocurrency (Ripple, XRP) is a digital asset that allows you to make payments anywhere in the world in the shortest possible time. The coin appeared in 2012. The emission of cryptocurrency is not limited, it cannot be mined. At the moment, Ripple’s technologies are being implemented by banks and financial companies to conduct interbank payments. The advantages of cryptocurrency are fast transactions (about 4 seconds), while ordinary bank transfers take several days; the ability to scale (now 1500 transactions per second are processed, but this parameter can be increased to the throughput of the Visa payment system – 50,000) and very low commissions. The technology is open source, which is posted on Hithub and has a lot in common with the well-known blockchain technology. Ripple is a US based company headquartered in San Francisco. This article from the editors of Btcnewsweb.com is for those who want to buy Ripple, but do not know how and where to do it, which wallet to use.
You can buy Ripple (XRP) in the following ways:
✅ On cryptocurrency exchanges. For example, EXMO, Binance, Currency, Bybit, FTX, CEX.io, Crex24, Huobi, BTC-alpha and others. They have the opportunity to get cryptocurrency to your exchange wallet. A brief overview of the sites where ripple is included in the listing and can be bought or sold for fiat money (regular money):
- Cryptoexchange EXMO – buying XRP for rubles, dollars, euros, hryvnia or other cryptocurrency through “Exchange” (market execution) or “Bidding” (creating a limit or market order). A wide selection of payment systems for deposit and withdrawal is presented, including Visa / MasterCard bank cards after account verification. More details about it below.
- Binance exchange is the largest trading platform in the world. The site has been translated into Russian. XRP / BTC pair trading is available. You can replenish the deposit only with cryptocurrency, which can be bought for fiat money in the exchanger. Their list is below.
✅ Buying Ripple in cryptocurrency exchangers is a simple and quick option, you first need to create a wallet for the coin:
You just need to select the direction, specify the amount, the Ripple wallet address and the Destination tag (if necessary). For example, exchange Sberbank rubles for Ripple:
Further on each method in more detail.
Today, Ripple is the third largest cryptocurrency (USD 53.2 billion). Market Value (Nov 16, 2021): 1 XRP = $ 1.13. A total of 100 billion coins were issued.
Article: “How to buy bitcoins for rubles”
How to buy Ripple (XRP) on a cryptocurrency exchange
The simplest and best solution is to register on a cryptocurrency exchange, where you can buy Ripple and store coins in your account wallet. The purchased cryptocurrency can be withdrawn to another wallet or exchange at any time.
Among the Russian-language platforms, EXMO is distinguished, where you can buy not only ripple, but also buy cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, Monero, Tether, Waves, Dogecoin, Zcash, Bitcoin Cash, Ethereum Classic. And what is important, there is a replenishment of the account with fiat currencies: Russian ruble, Ukrainian hryvnia, dollars and euros. Although this exchange is not the largest (it is in the top 25 in terms of daily trading turnover), it is very simple and convenient for carrying out operations with cryptocurrencies. The exchange ranks first in popularity in Eastern Europe, and the number of clients is already more than 700 thousand.
Official website of the exchange: exmo.me
To create an account on the Exmo exchange, you must fill out a small registration form: specify your login, real email, phone, password and accept the terms of the user agreement. An email will be sent to confirm registration, you must definitely do this by clicking on the link. Verification for work is not required if you do not plan to work with bank transfers, cards and some other payment systems (Neteller).
The exchange initially offers a wallet with all currencies that are present on the site, including Ripple (XRP):
To buy any cryptocurrency, you need to replenish your account (USD, EUR, RUB, UAH) by any available means. After verification, replenishment of the USD and EUR account with Visa and MasterCard bank cards is available, without verification, you can enter money from cards of Ukrainian banks to the UAH account. For the RUB account, the methods of replenishment are Yandex.Money and Qiwi (the limits for these directions end very quickly), payment systems AdvCash, Payeer and others.
The most convenient option is to buy the exchange’s internal currency or EXMO code from cryptocurrency exchangers. For example, reliable online services: Xchange, 60cek. Using codes, you can deposit money on EXMO in the most popular and affordable ways: bank cards, banks (Sberbank, VTB 24, Russian Standard and others), electronic payment systems (Yandex.Money, Qiwi, Perfect Money, Payeer, AdvCash and so on) …
For example, exchanging rubles from a Visa or MasterCard to the EXMO USD code in a 60cek crypto exchanger:
You can also purchase an EXMO code through the AdvCash payment system: to do this, you need to top up the account balance, and then select “Transfer funds” – “To e-currency” – “EXMO”:
After receiving the code, you need to download it on the exmo.me website in the “Wallet” section:
The balance will be replenished instantly, the exchange does not take a commission for operations with codes.
You can use the options offered on the exchange website. Opposite each account there are different ways of depositing or withdrawing. For example, a dollar account can be replenished with the following payment systems: ePay, Okpay, AdvCash, Payeer, Neteller, bank transfer, and so on.
After replenishing the balance, you can proceed to buying the Ripple cryptocurrency. To do this, just go to the “Exchange” section and select the desired conversion direction. For example, buy Ripple for rubles (RUB):
The second way to buy XRP is through the Bidding tab. It is possible to create a limit order or buy at the current market price. Placing a limit order means that the cost of buying (selling) a cryptocurrency can be set by yourself at an attractive rate. A buy order will enter the general order book and will be executed when the set value is reached.
For example, XRP cryptocurrency and XRP / RUB currency pair.
As you can see, if you buy “By Market”, then 1 XRP = 12.81 RUB. Enter the required quantity and click “Buy”. Do the same if you want to sell:
When buying “By Limit”, you must indicate the amount of cryptocurrency and its price. For example, buying 1000 Ripple coins at the price: 1 XRP = 11 Russian rubles. If the value does not drop to the specified value, then the order will not work, it must be canceled.
If you already have a cryptocurrency, you can place an order to sell it in the same way.
As you can see, there is nothing difficult in buying ripples, as well as any virtual coin.
You can transfer from the exchange to any other wallet by clicking “Withdraw” and entering the Ripple address to receive. Limits and Commissions (XRP): minimum amount – 25; maximum – 100,000; commission – 0.02. Destination tag – any arbitrary integers if translated to Gatehub (for example, 132312333); if to other wallets and exchanges, most likely, the tag will be provided:
For withdrawal and cashing out through exchangers, you can use Ex-code.
Continuing: “How to buy ethereum”
Buy Ripple on the Gatehub exchange website
You can create a Ripple wallet on the Gatehub website, an exchange for trading and conducting transactions with some cryptocurrencies. On the site, you can exchange cryptocurrencies (Bitcoin, Ethereum, Dash, Augur, Quantum, Ethereum Classic), as well as replenish the wallet balance by bank transfer for subsequent exchange for XRP cryptocurrency or any available one.
Warning: Many people mistakenly think that Gatehub is the official wallet for XRP, but this is not the case. Ripple has not confirmed its association with this service. And to activate the wallet, you need a minimum amount of 20 XRP, which is a minimum balance and will never be returned. Therefore, we do not recommend buying Ripple and transferring another cryptocurrency to this exchange. The best option is to use other cryptocurrency exchanges (for example, EXMO). Trading conditions are better on them, there are no requirements for the balance on the account balance and the rates are much more attractive.
If, nevertheless, it is decided to use it, then we will describe the registration process in Gatehub: you only need to specify a real mailbox, since an email will be sent to it to confirm the creation of a wallet and a password:
At the next stage, it is important not to forget to write down the recovery key.
After confirming the registration, you must go to the site again and enter your password and login. There will be a transition to the official ripple wallet.
For verification you need to go to the “Settings” section. To work directly with the wallet, click “Wallet”. Verification when working with cryptocurrencies on Gatehub is not required. To protect your account, it is worth activating two-factor authorization.
The wallet address for transferring Ripple cryptocurrency to it begins with the Latin letter “r” and consists of approximately 34 characters.
Initially, the Gatehub wallet has a Disabled Wallet status, to activate you must have a minimum minimum account balance of 20 XRP. To replenish your account, you need to click “Deposit / Receive”. Transfer of cryptocurrencies Ripple, BTC, ETH, ETC, REP, QAU, Dash, fiat money (bank transfer) is available.
For example, select Ripple and copy the address to receive:
Next, transfer XRP cryptocurrency from the exchange by filling out the form and indicating the amount, wallet address, destination tag.
After completing the application, a notification will be sent to the mail from Gatehub that the balance has been replenished and the wallet has been activated. A detailed review in the article: “Ripple wallet”.
Further, in the “Exchange” menu, you can make exchange operations between currencies. For example, exchange XRP for Bitcoin BTC and vice versa.
Or vice versa, buy ripple for bitcoin:
The site commission for the operation is small – 0.2%.
In the “Trade” section, you can already place a buy (limit) order.
As you can see, this is not only a wallet, but a platform for buying and selling cryptocurrencies.
How to buy ripple in the exchanger
Another way to buy ripple is to exchange the currency that is available using an e-currency exchanger. If, when buying on an exchange or Gatehub, it is possible to store coins there, then exchangers are only intermediaries in this process. Therefore, the first step is to decide where to transfer the purchased coins. We recommend the review: “Bitcoin exchangers”.
To buy Ripple in the exchanger, you must enter the wallet address. On Gatehub, you can see it in the “Wallet” section,
on the exchange by clicking opposite XRP “Deposit”:
You need to go to a site, for example, X-pay and select a payment system for which we buy ripple. For example, for Sberbank rubles at the internal exchange rate, 513 XRP coins are obtained.
Next, start entering data: Sberbank card number, information about the card holder, wallet address. If necessary, the destination tag is also added (transfer to the exchange); if to the Gatehub wallet, then you need to select “No destination tag”. Then read the exchange rules, agree or disagree with them and complete the exchange.
If all the data is correct, then within 5-15 minutes the exchanger will transfer the cryptocurrency to the ripple address.
The advantages of this exchanger are the large number of available payment systems, both banking and electronic.
For example, on X-Pay you can buy XRP for rubles of Sberbank, Alfa Bank, Tinkoff, from any Visa and MasterCard of a Russian or Kazakh bank, electronic money Qiwi, Yandex.Money and others:
Continuing: “How to exchange bitcoins for rubles.”