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Ripple

What is Ripple? A step-by-step guide to XRP

Ripple is a fast money transfer network and cryptocurrency. Read why it has enjoyed steady growth, and how to buy.

The Ripple network has been accepted by several banks as a legitimate money transfer system, and the currency (XRP) offers a range of useful features. It's a bit more complicated than most cryptocurrencies, though.

This guide goes through what Ripple is, how XRP works, what to consider before trading and where to buy.

Learn more Buy Ripple

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Quick guide: How can I buy Ripple in Australia?

  1. Register for an account with CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at top of screen.
  7. Search for Ripple and click on “Buy XRP”.
  8. Enter the amount of XRP you want to buy or the amount of AUD you want to spend.
  9. Review transaction details.
  10. Click “Buy XRP”.

What is Ripple?

CoinSpot Cryptocurrency Marketplace

Buy Ripple (XRP) on CoinSpot

CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.

  • Buy with Australian dollars
  • Huge selection of altcoins available to buy/sell
  • Beginner-friendly interface
  • Fund your account with cash, BPAY and POLi
  • Compliant with AML/CTF laws
Promoted
IconSymbolInitial release dateAlgorithm typeMax. supply
XRP2012Ripple Protocol Consensus Algorithm (RPCA)100 billion XRP

The goal of Ripple is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds. This is an ambitious goal meant to eliminate the use of older systems like Western Union or SWIFT.

How does Ripple work?

Consider this scenario: Alice and Bob need to send some money to each other. Alice uses Jamaican dollars (JMD) to conduct her business, while Bob operates in Bangladeshi taka (BDT).

While it might not be evident to end users, the process behind Alice sending Bob money involves converting the JMD to a common currency like USD, then transferring the money between Alice’s bank and Bob’s. Finally, the USD in Bob’s bank is converted back to BDT.

This incurs a lot of fees at every exchange and wastes a lot of time. The Ripple network and currency aim to fix this problem.

The alternative Ripple proposes is the use of XRP as a common currency underlying all money transfers between different currencies (USD is currently the most common currency). Not only are transaction fees much lower to convert from one currency to XRP and back, but transfers take a maximum of 4 seconds to execute and verify.

Quite a few global banks have already started embracing Ripple as it saves them a lot of money in the long run by avoiding exchange fees.

How to buy Ripple

You might consider the following Ripple brokers and Ripple exchanges. All of the following let you buy, sell or trade XRP, although their value for money and convenience might vary.

Name Product Deposit methods Fiat Currencies Available Cryptocurrencies
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 60+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cash, Electronic Funds Transfer, POLi
AUD
BTC, BCH, ETH, ETC, LTC, DASH, XMR, XRP, ANT, REP, BNT, BAT, BTS, BLK, CVC, CLAM, DCR, DGB, DGD, DOGE & 35+ more
Buy a variety of cryptocurrencies through an Australian exchange platform through POLi, Cash or Electronic Funds Transfer.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, ETP, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, ZEC, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cryptocurrency
XBT, ADA, BCH, EOS, ETH, LTC, XRP
Losses can exceed deposits.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
Credit card, Debit card, SWIFT, SEPA, Cryptocurrency
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC, XLM
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card, Debit card, Neosurf, Cashlib, Trustpay, ePay
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Credit card, Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptocurrency, Bank transfer
JPY, USD, SGD, AUD, EUR, CNY, PHP, HKD, INR
BTC, ETH, QASH, XRP, BCH, NEO, UBTC, RKT, QTUM, BCH, DASH
A global exchange which offers users both cryptocurrency and fiat currency deposit options.
Cryptocurrency, Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
As of 20/06/18, Bithumb has announced that it has temporarily suspended deposit and withdrawal services.
Debit card, Credit card, Cryptocurrency, SEPA, Wire transfer, AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Cryptocurrency
-
BTC, ETH, HT, LTC, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, OMG & 75+ more
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Electronic Funds Transfer, SEPA, Wire Transfer *payment methods vary per country
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Credit card, Debit card, Cryptocurrency, Perfect Money, SEPA, Wire Transfer, Payza, CryptoCapital, Money Polo, Payeer, Giropay, Yandex Money & more
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Cryptocurrency
-
BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VET & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Cryptocurrency
-
BTC, BCH, DRG, UKG, ENJ, TRX, LDC, MGO, AMLT, EZT, LALA, IPSX, FLIXX, STU, 1WO, TPAY, ETH, WIN, LTC, SPHTX, RKT, UBTC, ETN, ECH, QASH, NEO, HAV, XRP, ETC, STAC, FLUZ, VZT, XEM, XLM, VET, BMC, ONG, FDX, XMR, DENT, MCO, IND, GAT, ZEC, CAN, STX, QTUM, OAX, IXT, STORJ, MTN, REP, FCT, DASH
Owned by the team behind QUOINEX, QRYPTOS is a global crypto-to-crypto platform which supports over 50 cryptocurrencies and offers negative trading maker fees to generate liquidity.
Wire Transfer, Cryptocurrency, Express Polish Post Office 24/7, Express ?abka Market, Express DotPay
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Bank transfer, BPAY, POLi
AUD
BTC, BCH, ETH, ETC, LTC, XRP
Browse the various coin offerings of this Australian based exchange, where coins can be purchased through AUD, LTC and BTC currencies.
Cryptocurrency, Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Cryptocurrency, Bank transfers
AUD, NZD
BTC, ETH, LTC, XRP, POWR
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
Cryptocurrency, Bank transfer, Alipay, WeChat Pay
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.

Compare up to 4 providers

How to buy Ripple with USD or AUD

You can buy Ripple with AUD at CoinSpot, and can buy Ripple with USD at Bitfinex, Changelly and eToro.

How to buy Ripple with PayPal

You have to buy bitcoin with PayPal using one of these methods, and then trade bitcoin (BTC) for Ripple (XRP).

How to buy Ripple with a credit card

You can buy Ripple with credit card at eToro and Changelly.

If paying with AUD, it will be converted to USD first which might incur extra costs.

How is Ripple different from bitcoin?

The Ripple coin and the Ripple Network have been built with slightly different purposes in mind, and it's worth considering whether they provide advantages over bitcoin.

Fast and cheap

Ripple transaction processing only takes four seconds since it’s significantly less active compared to bitcoin. This has the added bonus of cheaper transaction fees, whereas the price for bitcoin transactions has been on the rise lately as more people adopt the platform.

Mining-free

All the 100 billion XRP that it’s possible to use on the platform already exist. While they’re not all on the market – a few are released into the market every month to avoid flooding – there is no use mining as there is nothing of value to be added, unlike in more traditional cryptocurrencies.

XRP in escrow

In May 2017, Ripple pledged to lock up 55 billion XRP in 55 different smart contracts, essentially putting billions of dollars in escrow. Each month, a contract then releases 1 billion XRP into the market.

The primary motivator for this move was the fear that Ripple would suddenly reduce the price of the coin by releasing the billions of XRP that it’s holding onto the market.

The move to lock up XRP will mimic the effect of mining as seen in other currencies like bitcoin, with the goal of keeping XRP steadily growing

Bank acceptance

The Ripple platform and coin being accepted by banks gives the process legitimacy and, at least from a purchaser's standpoint, can be a little more reassuring. This is not the case with bitcoin and other currencies as they are seen as competition by the banks.

Today's Ripple price

1
0
Updated: 20 Jun 2018 09:48:27 UTC

Where can I use Ripple?

XRP is still a long way from being as widely accepted as coins such as bitcoin, Litecoin or Ethereum. It was never the goal to use Ripple as a payment method. Instead the aim has always been to use XRP to grease the wheels, in order to make fiat money transfers easier, faster and more secure.

However, there are still some merchants that accept Ripple. You can find a list here on the XRP forums.

Using Ripple to transfer money

Transferring money with Ripple works like any other cryptocurrency:

  1. Have some XRP available in your wallet. XRP wallets are the same as, for example, bitcoin wallets. Buy XRP on an exchange and then transfer the coins to your wallet.
  2. Scan or enter the recipient's address. Whether they provide you with the hashed wallet address or a QR code, just follow the simple instructions on your wallet of choice and you’ll be done in no time.
  3. Enter the amount and send. The transaction should be verified in a few seconds and you’re done.

Other ways to get Ripple

Unless you’re a bank willing to invest into the Ripple platform, and because there is no mining allowed on Ripple, there are only two major ways to make money from it.

Get paid in Ripple

Anyone who decides to get paid in XRP will see the coin sitting in their wallets, but will also be helping the currency gain legitimacy and wider use. Ripple will benefit from any merchant accepting the currency.

Purchase Ripple

While the Ripple platform might not be easily accessible to traders, anyone can find a way to buy XRP. As more and more merchants and banks adopt the platform, it's possible its price will increase too.

What to watch out for

As much as some people love Ripple and see it as the next generation of cryptocurrencies, there are also some who have concerns over privacy and centralisation.

  • Privacy concerns

Cryptocurrency has always been considered the poster child of privacy and anonymity. Ripple’s decision to market its platform exclusively to banks has been a cause of concern for some users who worry about big brother keeping an eye on their transactions.

  • Centralisation

Ripple’s platform is extremely centralised whereas most cryptocurrencies aim to be as decentralised as possible. The reason for this is that Ripple owns the vast majority of the coins available on the platform while currencies like bitcoin allow anyone to mine and acquire coins. The move to lock coins inside smart contracts was a step in the right direction to fix this issue, but every time the coins are released they first go to Ripple to do with them as it pleases.

What’s next for Ripple?

The company behind Ripple plans, as a priority, to improve the lack of decentralisation from which the platform is currently suffering. By adding more trusted validator nodes, the company plans to shake off the image that it’s just another central bank controlling the Ripple currency.

With that said, the future of Ripple appears to depend entirely on the adoption of the platform by banks and that’s where the focus of the people behind Ripple probably needs to be. As more banks join the network, the price of XRP will no doubt continue to rise, driving more people to the coin and enticing banks to join the platform.

Frequently asked questions

Image source: Shutterstock

Live Ripple price

Where to buy Ripple

Name Product Deposit methods Fiat Currencies Available Cryptocurrencies
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 60+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cash, Electronic Funds Transfer, POLi
AUD
BTC, BCH, ETH, ETC, LTC, DASH, XMR, XRP, ANT, REP, BNT, BAT, BTS, BLK, CVC, CLAM, DCR, DGB, DGD, DOGE & 35+ more
Buy a variety of cryptocurrencies through an Australian exchange platform through POLi, Cash or Electronic Funds Transfer.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, ETP, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, ZEC, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cryptocurrency
XBT, ADA, BCH, EOS, ETH, LTC, XRP
Losses can exceed deposits.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
Credit card, Debit card, SWIFT, SEPA, Cryptocurrency
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC, XLM
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card, Debit card, Neosurf, Cashlib, Trustpay, ePay
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Credit card, Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptocurrency, Bank transfer
JPY, USD, SGD, AUD, EUR, CNY, PHP, HKD, INR
BTC, ETH, QASH, XRP, BCH, NEO, UBTC, RKT, QTUM, BCH, DASH
A global exchange which offers users both cryptocurrency and fiat currency deposit options.
Cryptocurrency, Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
As of 20/06/18, Bithumb has announced that it has temporarily suspended deposit and withdrawal services.
Debit card, Credit card, Cryptocurrency, SEPA, Wire transfer, AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Cryptocurrency
-
BTC, ETH, HT, LTC, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, OMG & 75+ more
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Electronic Funds Transfer, SEPA, Wire Transfer *payment methods vary per country
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Credit card, Debit card, Cryptocurrency, Perfect Money, SEPA, Wire Transfer, Payza, CryptoCapital, Money Polo, Payeer, Giropay, Yandex Money & more
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Cryptocurrency
-
BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VET & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Cryptocurrency
-
BTC, BCH, DRG, UKG, ENJ, TRX, LDC, MGO, AMLT, EZT, LALA, IPSX, FLIXX, STU, 1WO, TPAY, ETH, WIN, LTC, SPHTX, RKT, UBTC, ETN, ECH, QASH, NEO, HAV, XRP, ETC, STAC, FLUZ, VZT, XEM, XLM, VET, BMC, ONG, FDX, XMR, DENT, MCO, IND, GAT, ZEC, CAN, STX, QTUM, OAX, IXT, STORJ, MTN, REP, FCT, DASH
Owned by the team behind QUOINEX, QRYPTOS is a global crypto-to-crypto platform which supports over 50 cryptocurrencies and offers negative trading maker fees to generate liquidity.
Wire Transfer, Cryptocurrency, Express Polish Post Office 24/7, Express ?abka Market, Express DotPay
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Bank transfer, BPAY, POLi
AUD
BTC, BCH, ETH, ETC, LTC, XRP
Browse the various coin offerings of this Australian based exchange, where coins can be purchased through AUD, LTC and BTC currencies.
Cryptocurrency, Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Cryptocurrency, Bank transfers
AUD, NZD
BTC, ETH, LTC, XRP, POWR
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
Cryptocurrency, Bank transfer, Alipay, WeChat Pay
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.

Compare up to 4 providers

Read our step-by-step guide to how to buy Ripple in Australia.

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8 Responses

  1. Default Gravatar
    NeilJanuary 8, 2018

    Hi there, how do i purchase ripple using cash? Do I go to an accredited australian post office (just like when buying bitcoin)? I do not want to pay via paypal or fund transfer hence, my question. Thanks, Neil

    • finder Customer Care
      ArnoldJanuary 9, 2018Staff

      Hi Neil,

      Thanks for your inquiry

      This will depend on the exchange you have chosen to buy XRP from. Please contact the exchange’s support for clarification about this.

      Hope this information helps

      Cheers,
      Arnold

  2. Default Gravatar
    MikeJanuary 2, 2018

    Hello
    I am a newbie at this ………I have XRP sat on two exchanges BTC and Etoro – should I move them into a wallet ?..or is it OK to leave them on the exchange?

    Many Thanks

    • finder Customer Care
      LouJanuary 3, 2018Staff

      Hi Mike,

      The answer to your question will depend on your intention. If you are not considering trading your cryptocurrency just yet, then the safest thing to do is always to withdraw your coins to a wallet.

      On this page, you may compare cryptocurrency wallets that you can use for the purpose of saving your coins. Ledger Nano is one that supports XRP.
      I hope this helps.

      Cheers,
      Anndy

  3. Default Gravatar
    AlissaDecember 22, 2017

    I am having trouble finding a suitable wallet to use for Ripple. Do you have any suggestions?

    • finder Customer Care
      ArnoldDecember 22, 2017Staff

      Hi Alissa,

      Thanks for your inquiry

      Ripple wallets require you to have 20XRP to book your wallet address. So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).

      Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses.

      Your first option is Ledger Nano S it is a hardware wallet that has recently added support for XRP.

      Being a hardware wallet, it is one of the best ways to store your cryptocurrency as it offers great security, ease of use, and you can carry it with you anywhere.

      Second option is Binance. It is not a wallet. It is a fast growing exchange that started in the mid of the 2017 year and is rapidly adopting many new cryptocurrencies for its users. If you want to get XRP right now, you can use Binance to get an XRP wallet.

      However, you should not store your XRP for more than 1-2 days on an exchange (any exchange) as exchanges can shut down or go into issues at any time and put you at risk of losing your stored coins.

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    joeDecember 14, 2017

    Hi.. I am looking for the cheapest way to buy into ripple either by bank transfer or poli. Can you recommend a platform with low fees to trade please.

    • finder Customer Care
      HaroldDecember 14, 2017Staff

      Hi Joe,

      Thank you for your inquiry.

      As per checking you are already on the right page. What you can do next is to compare the available options that will best fit your personal requirements. You can check the list of Ripple brokers and Ripple exchanges on the table provided above.

      I hope this information has helped.

      Cheers,
      Harold

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