The whole world is amazed by the dramatic changes in the values of cryptocurrencies. In 2017, we have seen many cryptocurrencies touch high values of all time. Bitcoin exceeds the list with Ethereum is XRP like the followers. The total market capitalization of all currencies exceeded $ 700 billion. All of this is happening because of the usefulness of blockchain technology in these currencies. The overall goal of all these platforms is to accelerate cross-border transactions. Ripple XRP he earned a special honor in this case because his blockchain processes cross-border transactions within three seconds.
What is Ripple XRP?
Ripple XRP is a cryptocurrency and a payment platform based on open source protocol. Like all other virtual currencies, it uses blockchain technology for faster cross-border transactions. In recent months, the reliability, security and scalability of this platform have made it one of the most important payment and cryptocurrency platforms in the world. The Ripple payment protocol processes the cross-border transaction in just three seconds. The professional team behind Ripple he invented many blockchain-based solutions. These include Cryptocurrency XRP, x current application for banks, xRapid for payment processors and xVia for companies.
Ripple broke many all-time records in the last week of December 2017. The currency even hit the all-time high of $ 3.80. This also made the world's second largest cryptocurrency with a market capitalization of over $ 140 billion. This surge in the value of Ripple XRP was due to the combination of large banks and payment platforms. The second largest money transfer company MoneyGram also announced to adopt the Ripple payment protocol for the transfer of cross-border payments. The adherence of American Express, Santandar and many large Japanese banks and credit card companies played a crucial role in increasing the price of this digital currency.
The following are some of the differences between XRP and other cryptocurrencies that have made it one of the best payment platforms in the world.
The very first difference between Ripple XRP and other cryptocurrencies it is the speed of transactions. XRP beats all other cryptocurrencies in the processing of cross-border transactions. Due to the mining process in other cryptocurrencies, transactions take longer to complete. In Ripple, a cross-border transaction is completed in only three or four seconds.
XRP is also superior to others cryptocurrency because it is not created by users through the mining process. Instead, the company itself created 100 billion XRP coins. Here, it is also important to remember that 55 billion of these are saved as a guarantee payment to increase the reliability of this payment platform.
Invest in Ripple XRP it is also useful because it works on a decentralized blockchain network. This means that investors can buy or sell Ripple XRP through the company's secure system. On the other hand, other cryptocurrencies are bought or sold through exchange centers that can freeze at any time and make users a big loss.
Rate 4 transactions
Such as XRP it works like a payment protocol, it takes a little bit of transaction fees. However, these fees are gradually reduced. The other cryptocurrencies require more transaction costs than Ripple. So, Ripple it is clearly the winner here too.
5-Tracking of information
Ripple offers more security because the company can track any type of information in its network. The other cryptocurrencies do not offer this information monitoring. These can only monitor the inflow or runoff of coins while Ripple can also track the balance of users' accounts.
Most people think that Ripple works like everyone else cryptocurrencies. They also think this as a currency that increases in value over time. But reality is not like that. First of all, Ripple is not a currency but a payment platform that helps to quickly process cross-border payments. Ripple takes the place of the banks in this type of transfer. It works exactly like banks in transferring money from one place to another. Carefully choose its nodes for transaction processing.
A very impressive thing in its operation is that it does not allow third parties to interfere in transactions. This means that it controls the transactions on its own account blockchain network. This reduces the time to complete the transactions. This increases the security, reliability and scalability of transactions. Allows the transfer of coins from one account to another through unique and verified nodes. The processing of transactions takes place through two verification methods.
All transactions are saved in an online ledger that is continuously updated by Ripple XRP. All transaction information is saved by the company and no information has been leaked. Unlike all other cryptocurrencies, Ripple knows all about accounts, their balances, various transactions and much more.
Is XRP worth buying in 2018? – Yes, it's in my opinions!
Cryptocurrencies have seen a great boom in the last year. Ripple XRP showed an increase of about 35,000% during 2017. The currency started its journey from $ 0.006 to January 2017 and reached almost $ 2.80 at the end of December. Not only that, the XRP touched the record of $ 3.80 in the first week of 2018. The whole boom is due to the adoption of Ripple's blockchain technology from many large banks and payment companies. The news of the accession of many Japanese banks and payment companies has increased investor confidence in the currency.
Cryptography experts are of the opinion that XRP is the cryptocurrency this will show a lot of bullish signals in 2018. This is due to the accession of many large banks, financial institutions and credit card companies. Ripple's ecosystem is expanding rapidly and more and more companies are joining it. Above all, the adhesion of American Express e Santandar has benefited a lot from it. Ripple XRP is the only one cryptocurrency this has facilitated the transfer of money between America and Europe. The activities between these two countries are expanding.
many Japanese banks have announced to adopt Ripple as a payment method. In addition, many Japanese credit card companies have joined Ripple to pay their customers. The adoption of Ripple by SBI Japan and Asia is very important in this regard.
Even three large companies have announced that they are joining Ripple's payment protocol for cross-border money transfers. The second largest transfer of money to the world MoneyGram company started the test. Both ripple and MoneyGram announced their draw. This played a crucial role in raising the price of Ripple XRP.
Here, it is important to mention it The price of Ripple showed a temporary decline this week due to the removal of South Korean cryptocurrency exchanges from CoinMarketCap. But Ripple's managing director, Brad Garlinghouse, wanted to tweet this misunderstanding and restore investor confidence in this currency. A slight price increase was noted after this CEO statement became viral.
On the other hand, cryptographers are of the opinion that XRP would have beaten Bitcoin and all other cryptocurrencies if its value touched $ 7- $ 10 in this year. This is because attainment $ 7, the market capitalization of this cryptocurrency will cross Bitcoin, which is the largest cryptocurrency in terms of market capitalization. Here, it is important to remember that Ripple has reached a high all-time high of $ 3.80 in the first week of 2018. The digital currency market capitalization has risen $ 140 billion and has become the world's second largest encrypted currency .
Seeing this, we can hope that XRP will certainly touch the $ 7 mark in 2018 as more and more companies are planning to join Ripple's blockchain network. In addition, Ripple's blockchain technology is worth using because it helps complete cross-border transactions in seconds. The currency is 10 times stronger than Bitcoin and other major cryptocurrencies in the world. So, investors are thinking of investing in Ripple because the value of cryptocurrency it could touch a record of all time.
Furthermore, if regulations for controlling the flow of funds through virtual currencies are launched, Ripple would certainly be the largest cryptocurrency to facilitate cross-border transfers. This is because it is not just currency, but a payment platform that uses the latest blockchain technology for money transfers. Brad Garlinghouse he is also confident that many other payment companies, banks and financial institutions will join his ecosystem and this will increase its value.
How can I buy Ripple XRP?
How Ripple is going to be the it is worth buying cryptocurrency in 2018, it is necessary to mention here the ways to buy this currency. XRP can be purchased via USD using a debit / credit card or through exchange with other cryptocurrencies like Bitcoin, Ethereum and litecoin We try to explain both these purchase methods in detail.
Before starting, check this article: How to convert Bitcoin (BTC) to XRP
1- Purchase of XRP through Coinmama
Coinmama is one of the largest cryptographic exchanges that offer trading in various cryptocurrencies around the world. This exchange is based in Israel and operates all over the world. The exchange has more than 1.0 million customers worldwide. The exchange has recently announced support for Ripple XRP. The investors warmly welcomed this decision because the exchange also offers purchase of cryptocurrency by credit / debit cards. One of the most interesting features of this exchange is that it offers higher XRP token purchase limits than all other cryptographic exchanges operating worldwide. Users can buy XRP tokens worth $ 5000 at a time. Furthermore, customers can buy XRP tokens worth $ 20,000 in a month. It is also one of those exchanges that also accepts a large number of legal currencies.
The exchange takes 6% transaction fees on almost all transactions. This means that the exchange requires a slightly higher cost than the other exchanges. This is because the growing database of exchange is increasing the liquidity of the exchange. Following are the pros and cons of this cryptographic exchange.
- It has larger operations all over the world.
- The exchange has a very nice and attractive user interface.
- Offers trading in many cryptocurrencies.
- In addition, it accepts payments in many local currencies.
- Offers higher purchase limits than other exchanges.
- Greater liquidity
- It provides numerous security features.
- Accept payments via credit cards.
- It does not offer cryptocurrency sales services, but only provides trading services.
How to buy Ripple XRP through this exchange?
Buying Ripple XRP through this exchange is like buying other coins. Users can purchase any of the tokens available by trading or paying through their credit / debit cards.
The first step for buying Ripple XRP through this exchange is to register with the exchange. Here, it is worth mentioning that this exchange works through a website and does not have a mobile application. Users can register with the exchange of visiting the exchange website. There is a tab Sign in the top right corner of the web page. Clicking on the Subscribe tab will open a form to fill out. Users must enter their name, middle name, surname, e-mail ID and then select the country of residence through a down arrow. By accepting the terms and conditions of the exchange the user account will be created.
Exchange offers buy XRP tokens worth $ 150 without any verification. However, for the purchase of large amounts of cryptocurrency, users must go through the KYC and AML verification processes. These processes may require a passport, driver's license or user ID card. The documents provided should clearly have your name, age, gender, address, date of birth. The registration process is completed in just 10 minutes. Once the process is complete, users can purchase Ripple XRP coins worth $ 500 at a time.
Users must select the currency to be paid and the amount of XRP tokens they wish to purchase and click on the Buy button.
2- Purchase of XRP through credit / debit cards Changelly
One of the biggest problems investors face in buying Ripple is buy Ripple XRP with the bank, debit card and credit card. . This is because only some of exchanges they give you the chance to directly buy XRP through your credit / debit cards. For the most part, you have to buy Bitcoin or any other cryptocurrency and then exchange it with Ripple XRP.
There is no need to worry now why Changelly has solved this problem by offering the purchase of Ripple XRP through credit / debit cards. Here, it is also important to mention it Changelly has become very popular thanks to the offer of cryptocurrencies directly through credit / debit cards. You only need a valid one Ripple wallet address to buy coins from this exchange. Below are the main steps for buying Ripple XRP through this exchange.
1-Register with Changelly
Registering with this website is quite simple and free. You can register through a registration button at the top right of the page. Registration requires only a valid e-mail ID so that the site can send you username, password and other necessary registration information. Here, it is also important to remember that this website does not charge any fees. You only have to pay when you are going through a transaction.
2-Select the digital currency
After creating the Changelly profile, you have to go to the home page to select the crypto currency you want to buy. You can also select the currency in which you want to pay Ripple coins. After making the right selections using the arrow keys, you can press the next button on the page. You will be directed to the login screen if you have not logged in. However, if you have already logged in, pressing the button will then access the order confirmation page. Here, it is also important to tell you that Changelly also provides you with exchange rates for various currencies on this page and you can select the currency of your choice by viewing these exchange rates.
Here, you will be asked to check all the details of your order and to press later. This page will also tell you the estimated time of achievement of XRP in your wallet.
4-Enter the wallet address
As already mentioned, it is necessary to have a valid address for the storage of coins. There are many online portfolios available but Ledger Nano S is the best of all Here, it is worth mentioning that some portfolios offer address tags for users. After entering the address of the portfolio and the address tag, if provided, you can proceed by pressing the next button. Here, once again, Changelly will ask for confirmation.
Read our article Information on: 7 Best Ripples XRP Wallet for 2018
Credit / debit card details 5
How are you going buy Ripple XRP by credit / debit card, the screen will show the payment with Visa / Master Card. Clicking on this card will take you to the new page where you will need to enter your credit card details. After filling all the information, click on the pay button. Here, once again the amount you are going to pay will be displayed.
Changelly will ask you for confirmation by sending an SMS to your registered mobile phone number. The insertion of this code on the page will confirm the payment and the order. You can also confirm through other ways except for the SMS confirmation. This is through a code on your email address or your photo with your ID card or passport in your hands. In this case, you will be sent a unique code within 15 minutes. By entering this code, payment and order will be confirmed.
7-Riceking Ripple XRP Coins
After entering the confirmation code, the transaction will be completed and you will receive your coins within 5-30 minutes. The time of receiving the coins also depends on address of the portfolio. Ledger Nano S , here, once again takes the lead as the transfer of coins in this portfolio takes place quickly. Here, one thing worth mentioning is that the first transaction takes a long time because a lot of confirmation from the company is needed. The transfer rate of the coins also depends on the policies of the portfolios.
3- Buy Ripple XRP via Bitsane
Ripple is the third largest cryptocurrency in the world. But it is not very popular and can not be bought as easily as other cryptocurrencies. One of the easiest ways to buy Ripple is through the exchange of Ripple with other cryptocurrencies like Bitcoin and Ethereum. Following are the steps to buy Ripple through Bitsane.
1- Creating accounts with Ripple Exchange
The first and most important step in buy Ripple through Bitsane it is the registration with the exchange. Here again it is pertinent to remember that most exchanges around the world do not offer Ripple. But, Bitsane is the exchange that offers you Exchange Bitcoin / Ethereum / Litecoin..To Ripple XRP and Bitsane you too buy Ripple XRP through US dollars and euros.
2- Purchase of Bitcoin or Ethereum or Litecoin
You will need to purchase Bitcoin or Ethereum through any of the cryptocurrency exchanges. CoinMama they are the best exchanges to buy cryptocurrencies like Bitcoin and Ethereum.
if you want buy Bitcoin or Ethereum or Litecoin with 15 minutes you can buy from Changelly
Follow our guide on how to buy Litecoin Using Changelly for this step.
3- Moving Bitcoin or Ethereum into Bitsane
After buying Bitcoin or Ethereum, you will have to transfer these coins to Bitsane. This step seems complicated for some users, but it's the easiest way to do it buy Ripple. For this you will have to follow the following steps.
- Click on the "sales" at the top of the Bitsane.
- Selection of ethereum or bitcoin press deposit.
- Copy the address generated from the previous address.
- After reaching your wallet, click on the submit button and specify the amount to be sent.
- Enter the address you copied and click Submit.
- You will have to pay a minimum fee for this.
4- Purchase of Ripple XRP
After your Bitcoin or Ethereum have arrived Bitsane, you can buy Ripple through the exchange. For this, you will need to select the XRP / ETH exchange. This will allow you to buy Ripple. Choose the size of the order and the market to buy Ripple.
Now you can check the amount of Ripple XRP that reaches your account. Because the Ripple value is lower than Bitcoin and Ethereum, you can do it buy a large amount of Ripple coins. Later, you can exchange these coins to buy Bitcoin or Ethereum and exchange them with physical currency. These Ripple coins that you have exchanged with other cryptocurrencies reach your wallet. Here, once again the receipt of the coins in yours wallet depends on the selection of the portfolio. Different wallets offer different speeds. Ledger Nano S it is the best portfolio in this sense that provides the user with the best speed. The exchanged coins reach yours Ledger Nano portfolio with 30 minutes of exchange.
Follow our guide for the best Wallet XRP 2018
Except for the exchange of Bitcoin or Ethereum with Ripple, Bitsane also offers a buy Ripple XRP directly through American Dollar. This Irish exchange offered the The Ripple business in June 2017. Users can purchase Ripple directly through the USD currency. For this purpose, they must register Bitsane. Registration requires a valid e-mail ID and is absolutely free. On the home page, click on the registration button and enter all the necessary information.