Bitcoin is far from the only cryptocurrency available on the market—alternatives like Ripple have popped up and begun to take market share from powerhouses like Bitcoin and Litecoin.
Learn how to buy Ripple with Coinbase now.
What is Ripple?
Ripple differs from Bitcoin because it values a more mainstream functionality. Unlike Bitcoin, which values anonymity and decentralization, Ripple has ties to banks and financial institutions.
It was invented in 2012 as a way for banks and forex investors to quickly transfer money across international lines, the cryptocurrency has quickly risen in value. Ripple is a great choice if you’re a novice investor looking to get the most bang for your buck.
Create an Account with Coinbase
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
Buying Ripple through Coinbase used to required a transfer through Binance, but Coinbase now support the direct purchase of Ripple. Once you have your Bitcoin in your account at Coinbase, you can buy Ripple. In your Coinbase account, simply click on Ripple (XRP) and place a trade.
Choose Where to Store Your Ripple
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Though you may choose to hold your Ripple inside of your wallet, most investors choose to download a desktop wallet to transfer their cryptocurrencies for safe keeping.
Some users go a step further and purchase an offline hardware-based wallet, like the Ledger Nano S, to store their Ripple. Your level of technical understanding and risk tolerance will determine the best type of wallet for you. You can also take a look at our picks for the Best Cryptocurrecy Wallets
Buy Ripple Today
Purchasing a new cryptocurrency can be exciting, but it’s easy to get lost in the many terms and confusing processes. If you’re a beginning trader, you can also use Binance or Coinbase as an educational tool and learn more about Bitcoin alternatives by watching the platform’s live value charts.
Check out Benzinga’s list of the best cryptocurrencies to invest in today, our beginner’s crash course in cryptocurrency mining and the best Coinbase alternatives.
Frequently Asked Questions
Is cryptocurrency a good investment?
Cryptocurrency can be a good investment for many consumers, but you must do your research, budget appropriately and monitor the markets carefully.
Is Ripple a good investment?
All cryptocurrencies carry a certain level of risk, but you can invest confidently in Ripple if you have done your research and use the token to diversify your portfolio rather than bolster it.
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