If you’re into cryptocuurency, you might already know that Ripple is renowned for its digital payment protocol rather than its crypto token (XRP). Actually, Ripple operates through an open-source and P2P decentralized platform called the RippleNet. The good thing about this platform is that it allows for the simple and effective transfer of money in any form,
That aside; are you wondering how to buy XRP without the hassle? If so, there is nothing to worry about since you’ve definitely come to the right place. In this quick guide, we will take you through how to buy Ripple stock and store it safely.
Where to Buy XRP
Before going any further, you ought to know about where to buy Ripple. Fortunately, this doesn’t have to be the underlying reason behind your woes since you can buy XRP on several different platforms depending on your crypto purchasing needs. If you reside in the US, there is no direct way of purchase Ripple with an American credit card.
That’s not to say you will run out of options when it comes to determining where to buy XRP. To lend you a helping hand, you first have to buy Bitcoin or Ethereum tokens, after which you can use them to purchase Ripple tokens.
Where to Store XRP
Now that you have an insight into the best place to buy XRP, it is also vital that you know what it takes to keep it safe. One thing you ought to keep in mind is that storing coins on an exchange for an extended amount of time could end up working against you. This is because the strategy leaves you open to the chance of being hacked.
The good news is that you can never run out of options when in dire need of the best XRP Wallet to leverage. If you would rather go with a hardware wallet, there is nothing wrong with trying the Ledge Nano S. This device will work to your advantage if you already know how to invest in Ripple on a longer-term basis.
The Bottom Line
These are just but some of the things you need to know on how to buy Ripple. To reap maximum benefits, it is in your best interest that you do your homework. Things are not any different for those who want to know how to sell XRP without the hassle.