In the rapidly changing world of cryptocurrency, Ripple has made a huge name for itself. Ripple is specifically designed for banks, and one of the best things about it is the fact that it increases the global liquidity of the money. You see, Ripple allows transfers across the world to process at record speeds at very low costs. So, how do you go about buying Ripple? Better yet, where buy ripple?
First, you must understand that you are required to buy Bitcoin in order to be able to buy Ripple. This means that you can only buy Ripple using the Bitcoin.
Herein are several of the best places where buy ripple.
Bittrex is one of the fastest growing cryptocurrency exchanges that has more than 200 cryptocurrency coins, including Ripple. It has very large BTC trading volumes and to get started; you must register with the site. To withdraw your funds, you will need to submit your identification documents, phone number and enabling two-factor authentication for the high limits. One of the best things about the site is that their account verification is very quick.
Binance is another fast-growing exchange and one of the cheapest as well. It is especially cheap if you decide to use Binance tokens to pay your exchange fees. Binance is also one of the best places where buy ripple on the go because they have apps and it also has some high volumes if you decide to get huge orders.
Bitfinex is the largest and one of the top exchanges. It has the most volume for BTC/USD pair and the second largest in XRP, which means liquidity, will not be a problem. In addition to that, its interface is very easy to understand as well. However, the registration process will take a while, stretching as far as 20 days before the approval.
When you register, you will have to verify your ID as well as authenticate yourself. Bitfinex has Android and iOS apps as well, which can be quite the convenience.
Shapeshift is not only easy to use but reliable and quite user-friendly as well. One of the things you might like about the site is the fact that you don’t have to register to trade. You can just start anytime. Of course, you will need to have Bitcoins and your own Ripple address.
Kraken is a large Bitcoins/Altcoin exchanges in the United States and handles the most volume for EUR currency. You are required to register on the site, but the process is quite straightforward. However, due to the recent surge in cryptocurrency demand, it might take a few days before you are approved. Kraken was a pioneer in supporting Ripple, and it is among the top exchanges with the most volume for XRP/Euro pairs.
There are other cryptocurrency exchanges where buy ripple, including Bitstamp and the Gatehub, but these are the top sites. Before, you invest, you must analyze the website and keep in mind the process it takes to buy other major cryptocurrencies on the site.