It is hard to find anyone who has never heard of bitcoin. This digital currency has become a symbol of the crypto phenomenon since it has incredibly developed in recent years. Nevertheless, other attractive options are available as well. For example, ripple, although this is not exactly a crypto asset. Actually, it is a digital network for payments based on blockchain technology, and it works on a specially developed protocol with its own digital currency XRP.
So, Ripple is the name of the company, and as for XRP, it was designed for the purposes of this company’s network. It gained popularity recently due to the attractive increase in indicators. Nevertheless, for many users, questions about how to buy ripple or how to buy XRP with credit card seem to be synonymous, and users do not understand where to start and what to do in this area. Therefore, let us discover some useful details about this coin before you decide to buy ripple online with credit card.
What is it all about and how to buy ripple with credit card? First of all, it is necessary to note the purpose this instrument was developed. It was aimed at cooperation with financial organisations and introducing it into their daily activities. For example, the company’s protocol is utilised by such global giants as UniCredit, UBS, and Santander.
Therefore, it should serve as a reliable agent between those who take part in some operation. This network is able to confirm instantly that the process occurred correctly. Moreover, there are almost no limitations for the goods that are used in such operation, making this solution universal.
Its brief history is as follows:
Before you learn how to buy ripple, let us discuss the principles of creation and operation of XRP as this purpose-specific coin differs from those ways that you may know for others. Instead of mining based on calculations, which is not needed here, XRP utilises a special mechanism going through the servers for the confirmation of operations. Therefore, we can assume that it was mined in advance.
At first, 100 billion XRP were made, and those who are interested can buy ripple instantly. The company owns 6% of the total for needs to develop it further. 43 billion are reserved, and around 51.7 billion are with the users who purchased them.
The question of how to purchase ripple has at least three possible solutions:
On EXMO.com, you can buy ripple in a matter of a few minutes. You just simply need to create and verify your account, pick XRP on the "Buy crypto" page, enter the amount of assets you wish to get and specify your card details.
Like other coins, XRP tokens are assigned to certain addresses according to the processing of operations. When you buy XRP with credit card and are interested in the long-term storage of coins, it is better to utilise hardware wallets to be sure of proper protection.
To have quick access to them and conduct transactions, you can take an advantage of the official Ripple Gatehub wallet. By the way, it supports dollars and euros, so it is suitable not only for storing but can also be utilised to buy ripple with credit card instantly.
XRP is an excellent instrument for investments, which can also be utilised on an exchange as well as for payments when conducting financial transactions. Of course, some risks associated with this area due to the volatility of markets and unpredicted events always exist. However, you can still buy XRP with debit card and use or store it.