How to buy ripple cryptocurrency youtube

April 13, Reading Time: 9 min Cryptocurrency trading has become a big business and is extremely popular for people just entering into the trading space, as well as for major institutional traders, hedge fund managers and even sectors of Wall Street. The opportunity presented in cryptocurrency trading is something new, and is difficult to match in the traditional arena. This makes it exciting for traders, but also leaves some hesitancy and a feeling of being unsure.

But, this can be overcome with a little research and understanding, which this guide will provide. Part of the confusion when it comes to investing in cryptocurrencies is which currency to invest in. There are hundreds of viable options that all operate differently, and all have different markets that react unlike any others.

Most people will know about Bitcoin, and will want to invest there, but some will start to diversify and look for bigger opportunities, such as XRP. XRP, the token created by the US company Ripple, is one of the biggest cryptocurrencies in the market, and it is one coin that operates in a very unique way in comparison to other coins — this brings with it some new and exciting opportunities.

Ripple Investing: What Is It? Investing in Ripple is not too unlike other investing. It does take a different turn as it is a cryptocurrency investment opportunity, and the fact that the coin of choice here is Ripple makes it slightly different from say trading in Bitcoin. Cryptocurrency investing and trading is different in a good way from traditional investing as this space has been built to be very inclusive and have little to no barriers to entry.

Cryptocurrency investing requires a smart phone and usually a low minimum deposit before a trader can start — but on some platforms it can take as little as 5 minutes to get going. So, when it comes to Ripple investment, it is important to know what makes this cryptocurrency so different from others. While the likes of Bitcoin and Ethereum and other top coins strive for decentralization, XRP is wholly owned by Ripple. Ripple is also trying to make a cryptocurrency to fill a unique niche in the financial world as they feel that cryptocurrency can be best used serving banks.

The likes of Bitocin and others have been driving to replace or outdo banks while Ripple wants its token to be a coin banks use to transfer value over borders quickly and easily. This is a good gap in the market as there is ample opportunity for banks to take advantage and keep up with the times by using Ripple and their XRP solutions. But it means the market for XRP is more affected and impacted by news surrounding bank adoption and regulation of cryptocurrency.

With all this in mind, the question is how good of an investment is Ripple in and how long will it remain a top cryptocurrency asset that draws in investors. To answer that question, one needs to have a look at how the coin did in and years prior. Is Ripple A Good Investment? The coin suffered through and was one of the worse performing top crypto assets. But this means there is a lot of room for it to go up. To understand the path to how XRP will perform in , and how shaped it, it is pertinent to go back a few more years and examine the waves of XRP through its history.

XRP was created by Ripple as far back as with a pre-mined supply of billion tokens. This figure is a lot larger than the set supply of Bitcoin which is 21 million coins. Additionally, more XRP coins can be created whereas no more Bitcoin will ever be made. XRP continued to struggle all throughout and even while other top crypto assets picked up the pace in , XRP still lagged behind. Is It A Good Idea?

But to make this assertion, a few key understandings must be sought. It is important to understand if you are the right person to hold XRP and to trade it — to see if the coin suits your needs and wants. It is also very important to understand what drives the price of XRP and if its main role as a disrupter of the transaction industry is still relevant. XRP suits a number of different style traders and investors.

It is a good coin for general cryptocurrency enthusiasts as it is an altcoin — that is to say separate from Bitcoin — but it is still respected and grounded enough as a top five coin with an established market. At the same time, XRP is also a good investment for thematic investors in the financial sector seeing as XRP is a coin aimed at mainstream financial institutions. This means that people looking to invest in the future of transactions and payment would have a good shot at looking at XRP.

More so some factors which influence the XRP token are different than those which impact other cryptocurrencies. Therefore, it could be used as a hedging tool when investing in other currencies. And finally, and most relevant, is that XRP is a highly volatile asset and is very good for day traders as it can present many short-term trading opportunities, either for long or short positions.

If you feel that you fall into the category of investor or trader for XRP the next thing to consider in if this is the right coin for you is to see what shifts its market. As expected in the cryptocurrency space, general trends to the overall ecosystem play their part and XRP is known to move in tandem with other coins, notably Bitcoin.

Technological development aids the XRP market as Ripple is still considered a startup, and as such, could introduce many innovations, and could even pivot. XRP is now already back to trading well above the prices before the story broke, making it likely for the altcoin to soar to new highs. Someone new to the space can quite easily get their hands on XRP and begin their investing journey with the coin by just holding onto it and waiting for appreciation — or depreciation.

However, there are a number of different ways that a person can actually invest in Ripple and start to make money off of XRP. It all begins with buying and holding. This is one of the more common and popular methods employed with investing in cryptocurrency and has especially paid off with regards to Bitcoin.

Buying and holding isa simple and usually effective method to profit from a cryptocurrency, but it may not be the best use of XRP. As explained above, XRP is a volatile asset and it has been fluctuating in price for some time now. Its movement has not been steadily upwards like other coins as its price is affected by a few different factors as it is owned by a full company in Ripple. To decrease the risk of any failures in the validation Ripple decided to make a diversification of nodes by their region, computing powers and other requirements.

They validate tranasctions and protect the network from any malicious actions. The next step for centralization will be to decrease Ripple nodes from validation. Ripple will decrease the number of self-governed nodes with every two newcomers to the UNL unique node list. Then every node will receive their own Token unique number that will be used for Vailidators Rotation.

And the final step for the nearest future will be implementing Cobalt consensus algorithm. All you need to do is just follow these simple steps: Download Atomic Wallet. Here you can see a verification form to fill out. The further transaction processing will be performed via Simplex, an EU certified card processing company. Receive crypto to your Atomic wallet address.

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A user must authenticate his identity and link his bank account to the Exchange, after which the user can purchase ripple. Depending on the exchange, there are different ways in which ripple can be purchased. A user can buy ripple on an exchange by buying another cryptocurrency first and purchasing ripple with the cryptocurrency like bitcoin or ether.

Users can directly purchase ripple as well using currency like USD or Yen. To store the cryptocurrency safely after purchase, the use of cryptocurrency wallets is recommended. The video below serves as a guide as to how to use the Binance exchange: Source Image: www. These sites provide for an easy manner of trade between different cryptocurrencies.

It may sound like a complicated procedure but it is quite simple to execute. If one means to store the cryptocurrency safely after purchase, the use of cryptocurrency wallets is recommended. There is no tension regarding the volatile nature of an exchange. Cointal is a trusted site that allows you to trade currency for ripple. Users can pay using PayPal, credit or debit cards, or their bank accounts. A user must authenticate his account, choose his method of payment, and simply specify the amount of ripple they want to buy, or the amount of money that they are willing to spend.

There is no direct way of buying ripple in the US, hence ripple must be purchased through the exchange of another cryptocurrency, or through direct trade. The video below serves as a guide to buying ripple on Cointal: Source image: www.

Never store your ripple on an Exchange! Wallets are secure and prevent theft of cryptocurrency. It is also sold at some cryptocurrency ATMs. Learn how to buy XRP, how it works, and how you can invest in this cryptocurrency and its technology. The Ripple payment platform enables fast and cheap cross-border transactions. Several U. When the ledger was developed in , the developers placed a cap of billion XRP on the token and gave 80 billion of them to a company now known as Ripple , which used them to develop a fast and global payment system.

However, XRP is primarily meant to serve as a settlement layer—the payment method—for international banking transactions, but it is treated also as a cryptocurrency by the community. XRP functions as a sort of informal money transfer network based on blockchain technology.

Ripple states that its XRP Ledger platform can settle transactions in three to five seconds. The XRP consensus algorithm relies on trusted sub-networks—networks that are part of a larger validator node spread across geographies—to reach a consensus on transactions. This design aims to produce a consensus mechanism that a limited group of bank-owned servers can operate to confirm XRP transactions.