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Released in 2012, Ripple is a real-time gross settlement system also known as RTGS. It is also called the Ripple Transaction Protocol (RTXP) or Ripple protocol and is based on a distributed open source Internet protocol and a consensus ledger. It aims to provide secure, instant and almost "free" global financial transactions without chargebacks.
As I write this, Ripple has just made a deep dive and currently has a value of around $ 2.60 per coin. Only until yesterday, the value of Ripple was enjoying a steady increase. The last time I checked, the price was higher than $ 3. In the Korean markets, it was valued at more than $ 4 per currency.
Now that the price of Ripple has dropped dramatically, it's a good time to invest your money in it. Today's immersion in Ripple's price reflects CoinMarketCap's decision to ignore the price of the Korean markets that led investors to believe that its price was dropping.
Step 1: Create your account in an exchange
The biggest cryptocurrency exchange is now Coinbase. Coinbase recently put an end to rumors that they would add Ripple to their platform. That's why you need to find an exchange that supports Ripple and features in your country.
I use the EXMO bag based in the UK to buy Ripple. They have an easy-to-use interface and allow easy exchange of many "coins". This includes Bitcoin, Litecoin, Ether, Ripple, Doge among others.
The first step will be to create an EXMO account. Register your account with the correct details as you will need to verify your identity later. Choose a login, enter your email address and enter the password twice. Accept the terms and conditions, click on "I am not a robot" and click on Register.
Check your email now. If you have received a confirmation e-mail from EXMO, click on the confirmation link and activate your account. If you have not done it, then wait. Their systems are sometimes overloaded.
Step 2: Verify the identity
Once your account is activated, you will need to verify your identity and address. After confirming your identity and address, you will need to sign an agreement to complete the verification.
Scan / take a good photograph of the identity card or passport issued by the government showing the details and the photo. Do the same with a bill / utility bill / bank statement or another government issued residency certificate showing your full address.
Step 3: Adding money to EXMO Wallet
Ok, you have created an EXMO account and have applied for verification. Verification can take a long time, usually around two weeks or more. However, you can start trading without a verified account.
Before buying Ripple, you will need to add money to your EXMO wallet. You will then use this money to buy Ripple or any other currency supported on the platform. There are many ways to add money to your EXMO wallet, including credit / debit card and bank transfer. There are many third-party services that you can use to transfer money to EXMO too.
Go to the Finance section and click Deposit in front of your favorite currency. You can add USD, EUR or RUB. When you click on Deposit, you will be shown different ways to add that currency. These ways differ based on the money you want to add.
