Cryptocurrency projects like Bitcoin and Litecoin were originally created to offer consumers a faster way to transfer money without paying the fees associated with using big bank transfer systems. Not every cryptocurrency developer wants to steer away from traditional banks, however.
Ripple (XRP) is a semi-decentralized payment protocol created to be used by major banking institutions. Ripple operates RippleNet, a real-time gross settlement system that enables instant monetary transfers. As a comparison, transfers using Bitcoin take about 10 minutes to close. Ripple’s development team hopes that widespread adoption of the technology can empower financial institutions to pass on faster transfer speeds and more efficient pricing down to their clients.
If you’re interested in learning more about how you can add Ripple to your portfolio, use our guide to get started.
Where to Buy Ripple (XRP)
Not sure where to begin your search? Consider a few of our favorite crypto brokers below.
eToro is headquartered in Cyprus, England and Israel. A major eToro plus is its social trading operations, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its underwhelming research and customer service features.
- Investors looking to CopyTrade other traders
- Simple user interface
- Several major cryptocurrencies and altcoins
- Expansive network of social trading features
- Large client base for new traders to imitate
- Only 29 coins available
Changelly Crypto is a cryptocurrency exchange platform that allows users to swap, buy and sell more than 170 cryptocurrencies.
With an intuitive and straightforward platform, tools that allow you to find the best exchange rate quickly and multiple forms of currencies and payment methods accepted, Changelly offers a wide range of benefits over its competitors.
Though we’d love to see Changelly expand its educational offerings and consider adding phone support to its customer service repertoire, the platform is a solid choice for both new and experienced traders alike.
- New cryptocurrency investors
- Investors looking to invest in cryptocurrency using a non-major fiat currency
- Investors who value high-level customer support options
- Selection of more than 170 cryptocurrencies to buy, sell and exchange
- Simple and straightforward platform is easy enough for beginners
- Pro platform is ideal for advanced users
- 24/7 live chat support is responsive and proactive
- Currently no option for phone support
Best Crypto Wallets
If you aren’t sure where to start shopping, consider a few of our favorite options from Amazon below.
Best Overall: Ledger Nano X
Among the most popular cold storage options on the market, the Ledger Nano X provides you with a high level of security and customization to store your coins. The Nano X supports a wide range of both coins and applications, and you can install up to 100 applications on a single device.
The Nano X also allows you to connect with your desktop or mobile phone using Bluetooth to access the cryptocurrency market directly. This can make it easier for regular investors to buy and sell their coins without forgetting to initiate a transfer to their wallets.
Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.
With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.
- ERC-20 tokens
- All experience levels
- Easy to set up and use
- Supports more than 1,500 different digital assets
- Tamper proof
- Long-lasting battery
- Bluetooth connectivity features
- Can be quite pricey
Best for Travel: SecuX W20
If you’re searching for a convenient way to manage your cryptocurrency holdings on-the-go, be sure to consider investing in the SecuX W20. The SecuX W20 wallet supports a wide range of cryptocurrencies, including Ripple, Bitcoin, Ethereum and any ERC-20 token. This wallet also includes a bright touch screen that you can use to view and track your crypto holdings without connecting to a laptop or mobile device.
Trade or Sell Your Cryptocurrency
Once your order closes, you’ll need to decide what you want to do with your new investment. Most cryptocurrency investors fall into 2 categories: long-term investors and short-term traders.
As the name suggests, long-term investors hold their investments for a longer period of time, selling only when they believe the price has risen to a threshold that justifies their initial investment. If you plan on holding your cryptocurrency for more than 1 week, we recommend moving your coins to an offline cold storage wallet. This will help you avoid hacking attempts if your exchange is targeted.
If you plan on becoming a short-term trader, you’ll capitalize on smaller price movements throughout the day or week. If you’re using Ripple as your base cryptocurrency, you’ll start by converting your Ripple into a stablecoin (like Tether or USD Coin) when you believe that the price of Ripple is peaking. When the price falls again, you’ll convert your stablecoin back into Ripple or another coin that you’re interested in. You can take your profits by cashing out any additional Ripple you accumulate during trading.
If you plan on investing frequently, having a fast, responsive trading platform is crucial. Coinbase is one of our favorite choices.
Current Ripple Price
JOIN THE MOON OR BUST EMAIL LIST
Our team is diligently working to keep up with trends in the crypto markets. Keep up to date on the latest news and up-and-coming coins.
Tracking how the price of Ripple is changing can help you make the most of your investment by buying in at the most advantageous time. Browse the cryptocurrency market at a glance below to get started.
Investing in Cryptocurrency Responsibly
The forefront of industries like decentralized finance and fund transfers, cryptocurrency represents a host of practical tech potential. It’s important to remember that, as a whole, the cryptocurrency market is still highly volatile and unregulated. If you do decide to invest in Ripple (or any type of cryptocurrency) be sure that these high-risk investments make up only a small percentage of your overall portfolio.