Ripple entered the online currency market in 2012. At that time, Ryan Fugger, Chris Larsen and Jeb MacCaleb joined forces. A developer, a businessman and a programmer.
The payment network specialises in international transactions. The aim is to provide blockchain solutions for end users as well as for large institutions and banks.
Buying XRP made easy: The coin is particularly interesting for investors. Kryptoszene.de has taken a closer look at Ripple and explains below how you can invest in Ripple. You should pay attention to the following points when buying Ripple so that nothing goes wrong:
We will now explain how to buy Ripple. We use the broker eToro for this, as it offers the advantage that you can trade both real cryptocurrencies and CFDs – Etoro combines the advantages of a broker and those of a crypto exchange.
First we need to register with eToro. To do this, we click on the link to register with eToro:In the form we enter user name, e-mail and password and accept the terms and conditions:We then receive a verification email where we click on the link to confirm the account.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/atm-4.png alt=u003e
In the next step, we need to fund our account with money in order to be able to buy Ripple. To do this, we click on the Deposit money button at eToro: We then select the amount and the payment method we want to deposit with and then click on the Send button to deposit the amount.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/savings.png alt=u003e
Now that we have topped up our account, we can start buying Ripple. To do this, we click in the search box at the top and enter Ripple there. Then we click on the Trade button:The purchase window then opens. Here we have the following options: 1. Buy or sell: In our case, we have to set it to buy.2. Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order). Amount: How much XRP we would like to buy. Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.5. Leverage: With which leverage we want to buy Ripple. With leverage X1 we buy real Ripple, with leverage X2 we buy leveraged Ripple CFDs. After we have configured all options, we click on the Open Trade button to complete the purchase.The purchase of Rippleist completed!u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/exchange-3.png alt=u003e
In our example we show the purchase with credit card. eToro also offers other ways to deposit:
|Buy Ripple with credit card|
|Buy Ripple with PayPal|
|Buy Ripple with SOFORT Bank Transfer|
|Buy Ripple with Rapid Transfer|
|Buy Ripple with Skrill|
|Buy Ripple with bank transfer|
|Buy Ripple with Neteller|
|Buy Ripple with UnionPay|
Basically, there are no differences between the countries in Central Europe as far as trading with cryptocurrencies is concerned. You can buy Ripple in UK and Austria with euros and in Switzerland with francs.
All this is possible with the help of our test winner eToro, which is available in all these countries. In any case, crypto trading with the US dollar works here. So when you load credit onto the platform, both euros and francs are converted into the US currency.
However, we repeatedly emphasise that the jurisdictions and tax issues of the individual nations may well be handled differently.
This can change in a very short time. Accordingly, we recommend consulting a tax advisor in order to be able to provide correct information in the tax return.
Let’s take a look at a few well-known crypto platforms to explain why we also recommend eToro for buying Ripple.
Because even if XRP is one of the largest cryptocurrencies of all, one should not assume that the token can be traded everywhere.
# has established itself primarily in German-speaking countries. The crypto platform is popular, but mainly focused on BTC. In principle, this is already revealed by the name.
Unfortunately, you won’t find Ripple here. BTC currency pairs are only available with other digital currencies such as Ethereum or Litecoin.
Coinbase is one of the most established trading platforms in the crypto industry.
For a long time, XRP could be traded here without any problems. However, due to the aforementioned disputes with the SEC, the crypto exchange decided to delist Ripple.
This is what the platform says: XRP is not supported by Coinbase.
Binance is probably the largest exchange for cryptocurrencies at all. But the XRP token is no longer listed here either.
Thus, in the meantime, you have to look even further to be able to trade Ripple seriously at all.
Bison is an offer from the Stuttgart stock exchange. This means that you are dealing with a German provider, which is not even that common in the crypto industry.
After all, we have a provider here that also allows Ripple to be traded. This is possible for a fee of 0.75%.
However, you can only pay in by bank transfer, which seems a bit old-fashioned in this day and age.
Let’s take a look at a classic bank. At comdirect, you can indeed find the one or other crypto certificate, but no real cryptocurrencies.
And so, logically, one also looks in vain for Ripple here.
Comparing the different offers in the industry, it should quickly become clear why we recommend eToro for buying Ripple.
On the one hand, the cryptocurrency is still included in the offer, on the other hand, you have the choice between CFDs and real XRP tokens.
In addition, you can use different payment methods and thus also buy Ripple via PayPal.
The payment service provider PayPal is internationally popular and is now also involved in the crypto sector. So it’s only natural to ask whether you can also buy Ripple with PayPal. Fortunately, this is possible.
We recommend eToro in particular. Here you can deposit with PayPal and then use the funds to buy Ripple.
There are also other payment methods available, such as instant bank transfer, credit cards or Skrill and Neteller.
For PayPal and the above-mentioned transaction methods, a minimum deposit of a manageable $200 applies.
However, you can also use a conventional bank transfer, even if you then have to deposit at least $500. In any case, this is a reputable way to buy Ripple with PayPal.
It is hardly surprising that there are now many different providers that allow you to invest in Ripple. In recent years, there has been a real crypto hype and more and more brokers (CFD) as well as exchanges (crypto exchanges) platforms and specialised service providers have been launched.
With a little research, you should also come across the US company Coinbase. The crypto exchange is one of the most popular platforms of its kind internationally.
So if you want an alternative to eToro, you will quickly find it with Coinbase. Which provider you ultimately place your trust in is likely to depend on a wide range of factors.
Nevertheless, we recommend our test winner eToro, as the fees are lower here. In addition, the broker eToro is fully licensed and regulated.
While crypto exchanges are still not regulated, Coinbase can at least be relied upon to enforce European laws.
If you are just starting out with crypto trading, we clearly recommend buying the real XRP cryptocurrency. CFDs are really more for experienced traders.
Although these can enable much higher returns, the risks are also incomparably higher than with regular trading. Furthermore, one should bear in mind that CFDs can regularly incur costs if one holds them for too long.
However, if you already have a little experience, you can definitely take a look at the additional functions of CFD trading. Here there are levers and you can take advantage of short positions.
A CFD is a so-called derivative. These derivatives are characterised by the fact that they only use the underlying asset to determine the price. A real transaction of the assets does not take place.
In this way, you can trade all kinds of values relatively cheaply. After all, you do not have to pay the price for the underlying asset itself.
In the meantime, cryptocurrencies have also found their way into the world of CFDs. And so there are also Ripple CFDs. Logically, you do not need a wallet for this, as you will not receive or send XRP tokens.
In any case, it makes sense to use a demo account to get to know new trading possibilities. This way, you can also test strategies without having to live with a risk of loss.
With our test winner eToro you have the free choice between fictitious trading in the demo account, real Ripple tokens and XRP CFDs. This is exactly what makes the offer so interesting and attractive.
We have already indicated that there are different arguments for different strategies. Let us go into this again in more detail. As a cryptocurrency, Ripple is a volatile asset. This means that the prices fluctuate constantly.
So you can also profit from this in the short term. So-called day traders have specialised in precisely this kind of strategy. With the help of CFDs, you can profit from both rising and falling prices. However, you should know what you are doing.
Amateurs and inexperienced investors run the risk of making big losses due to lack of knowledge. Therefore, one should first use the demo account before CFD trading with real money.
It is easier to invest for the long term. This raises the question of whether the technology behind the cryptocurrency is sustainable. Take a little time to study how XRP works and then ask yourself whether the system could still be around in a few years. If your answer is yes, then you can get some XRP tokens into the wallet.
Of course, it makes sense to look into the pros and cons of an investment. This is especially true for the controversial cryptocurrency Ripple. On the one hand, we can actually chalk up some arguments for the digital currency, or for a purchase, for a start.
Thus, there is already an immense market for the coin. Now that Ripple Labs wants to focus primarily on modern banking and international transfers are becoming more frequent, the cryptocurrency has positioned itself well. The founding team is one of the most experienced crypto developers in the industry and was active in the field early on.
The past has shown that there is enormous potential in the value, which could be reignited if successfully implemented in cooperation with partners such as Santander Bank.
The other side deals with sales arguments.
Here, the role of Ripple Labs as the issuer of the XRP cryptocurrency takes on a central role. “Central” is the right keyword here, after all, with digital currencies it is rather undesirable if one party can exert too much influence.
Thus, cryptocurrencies were initially created with the ulterior motive of providing an alternative to the previous financial system of central banks.
Moreover, one cannot ignore the current legal disputes with the US regulator. The group is accused of issuing over $1 billion worth of illegal securities.
If the authorities are right, this could endanger the entire Ripple project. In this respect, an investment is really only something for speculators who like to take risks.
Let’s take the following example when buying Ripple:
With these assumptions, we now go through the fees of the largest providers:
|Deposit||free of charge||3,99%||free of charge|
|Holding fees||free of charge||free of charge||0,05%*|
|Payment||5 USD||0.15 USD||1,9%|
|Current price in USD||0,5512$|
|Current price in EUR||0,45€|
|Total market value in USD||25.026.547,834|
|Total market value in EUR||20.604.358,00|
|Price change within the last 24 hours.||+4,54%|
|Updated||17.02.2021 at 17:00|
Ripple has had its share of ups and downs since the ICO in 2012. We show the most important moments in the past of the Ripple Coin:
Do traders have to have a Ripple wallet? This question can only be answered if one deals with the exact type of trading. For a general investment, a digital wallet is by no means necessary, as it is only this that allows you to manage the coin.
Anyone who has already tried the eToro platform or other internet brokers knows that you will never be asked for a wallet here. This is because they are CFD brokers.
Derivatives thus only use the various assets as benchmarks. The price is examined and is also relevant for the trade, but you buy an option and not the value itself. This can lead to enormous returns.
After all, you don’t have to spend any money to acquire the asset. However, if you are wrong with your predictions and forecasts, then you can be threatened with a total loss. Other traders therefore prefer the crypto exchanges to buy Ripple or invest in Ripple.
Anyone who registers on the exchange platforms will quickly notice that deposits are not possible with real currencies. Instead, the addresses of the various coins are displayed.
Without a wallet, you have no way of making a deposit, as you have no software solution that allows you to send the tokens. The Ripple wallet is therefore inevitably necessary if you want to trade the coins directly. The coins are managed here and the programme is also used for sending and receiving.
If you are planning to trade several online currencies and include them in your portfolio, you must make sure you choose the right type of wallet. Not every digital wallet is capable of managing all currencies. Click here for the big Ripple XRP wallet comparison.
How nice it would be if you could simply buy cryptocurrencies in the supermarket. But unfortunately that is not possible. Since they are digital currencies, it is correspondingly difficult to buy Ripple offline.
There are ATMs for bitcoin at a few selected locations, but these are also limited in their functions and restricted to the largest cryptocurrency. If you come across a dealer who wants to sell you XRP tokens on a dark street corner, then it is logical to refrain from doing so. Safety should be the first priority.
So the only real way to buy Ripple offline is by having a relative or acquaintance who agrees to make a transaction. You could pay him offline with cash and then give him your XRP address for the transfer. There is probably no other option.
Is it still possible to buy Ripple anonymously today? We do not recommend this either. Although you may discover one or the other platform on the internet that theoretically allows you to do this, numerous users repeatedly report cases of fraud, which are best avoided.
Even with supposedly established but unregulated offers, this can happen, as our analysis of the Uniswap experience shows, for example.
In this respect, we recommend only regulated offers. One example is eToro, which allows Ripple to be traded as a CFD, but also as a real cryptocurrency.
Although such platforms require verification, this is worthwhile as you gain enormous security.
Speaking of which, let’s also look at the possibility of buying Ripple without verification. Is this possible?
In principle, we have already answered this question. You may come across a website that offers XRP. However, unless an EU authority seriously controls the services, there is no security.
Thus, it is possible that one pays a price but then receives no XRP coins. Verification therefore serves as an important security factor.
With some brokers you will be able to start trading or try out a demo account without having completed the verification.
For real trading, however, this confirmation of the data is inevitably required.
Ripple is probably one of the riskier stocks on the market. The bet on XRP may well work out, in which case an investment would make sense, but the opposite could also happen and Ripple Labs could file for bankruptcy in the future.
Fortunately, there are other digital currencies with completely different characteristics and approaches.
Bitcoin is the historical number one of all digital currencies. An investment here is also an investment in the market leader.
Cardano issues the cryptocurrency ADA and is one of the hot irons in the fire of many DeFi investors. Numerous applications are soon to make their way onto the blockchain.
Ethereum has always ranked second in the world of cryptocurrencies. At the same time, the ETH blockchain can be used in a much more variable way than the BTC network.
The German cryptocurrency IOTA is a token that relies on a tangle network instead of the classic blockchain. Many partnerships from industry and institutions speak for the coin.
Cryptocurrencies are risky and volatile. Things are much calmer in stock trading. Investment beginners in particular are better off here.
At this point we will simply talk about Ripple shares, although we should actually talk about crypto shares.
After all, you can of course also invest in companies that deal with Ripple, similar technologies or crypto and blockchain in general.
Interesting values in this context are, for example:
Quite a few assume that the time has come to sell Ripple again. But how exactly does this work? We have created a guide that explains in a few steps how to sell XRP on eToro.
We assume that you already have a corresponding account. If this is not the case, you can use our guide above to get more information on how to register.
Navigate to the homepage or use the eToro mobile app. Then enter your login details here.
The login can also be carried out with a Facebook or Google account.
After logging in, we land in our general account overview. However, we logically want to get to the Ripple trading page.
So we either use the overview or the search field to enter “Ripple” or “XRP” here.
With just one click, we are then already in the right window. If we have XRP tokens, we can now enter into a simple “sell”.
At eToro there is also the special feature of taking a short position via CFD. This does not even require the possession of the tokens.
Since eToro also has its own wallet, we can also send the Ripple Coins via this. To do this, we enter the recipient’s address and confirm the transaction.
However, this is not like a real sale, as you cannot expect euros or US dollars in return.
Ripple is often perceived as an extremely exciting cryptocurrency and the interest of investors is immense. You have the opportunity to participate in trading via brokers and exchanges. Even if you are not convinced of further increases in value, you can profit from this.
For buying XRP, we recommend our test winner eToro, as it has the greatest security and the lowest fees.
The real Ripple purchase works either via providers such as Coinbase or on crypto exchanges. Only here can you get real coins. If you only want to trade and have little interest in actual tokens, crypto brokers such as our test winner are also an option.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/income-3.png alt= style=width: 100px;u003e
Brokers allow you to trade in the values via CFDs or options. On an exchange, you exchange currencies with other market participants. In order to be able to decide on a provider, Kryptoszene.de has compiled important assistance by comparing the best crypto exchanges.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/millionaire.png alt= style=width: 100px;u003e
The future of Ripple is as unclear as that of the entire crypto market. However, there are some signs that Ripple will continue to play a role in the future. In fact, the coin is often traded among the most promising online currencies. This is mainly due to cooperation's with Santander Bank and the possible application in the global financial market of the future.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/profit.png alt= style=width: 100px;u003e
This should be considered in advance when choosing a digital wallet. Not all wallets support multiple currencies. Certain platforms already offer an online wallet. However, there are also very secure hardware wallets that support both Bitcoin and Ripple.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cryptocurrency-2.png alt= style=width: 100px;u003e
Ripple has the abbreviation XRP. Often, however, a search field can be used to search for the desired value. Normally, you will then find certain currency pairs. These can include FIAT currencies in addition to Ripple, as well as other cryptocurrencies such as Bitcoin or Ethereum.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/strategy-2.png alt= style=width: 100px;u003e
The Binance trading platform is one of the largest cryptocurrency platforms in the world. Therefore, it also offers enough volume to enable the purchase and sale of Ripple at any time. However, payments here are only possible with crypto currencies. If you prefer to use your credit card or bank account instead, you can also trade with the help of our test winner.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/payment.png alt= style=width: 100px;u003e