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In the financial market, digital assets are instruments that, when used smartly, can make one very rich. This is despite the market volatility that engulfs the industry at specific periods. One such token that has provided profits to traders is Ripple. Even though it is not the biggest according to the market cap, the token shows a potential of high returns.
What is Ripple?
Ripple (XRP) is the name of the token of the Ripple network. It is a privately-owned company, but the XRP ledger is open-sourced. Due to this reason, it allows traders to make cheap transactions at a faster speed. This, in turn, generates an improved long-term prognosis. The asset has been regarded as a game-changer by a lot of crypto analysts. One of Ripple’s missions is to provide the highest liquidity globally across different borders.
Ripple is fairly popular in the crypto market as most traders own the coin in their portfolio. Buying the asset should not be a problem as it is available on the most popular crypto exchanges. We will be taking you through a tutorial on how to purchase XRP on Changelly. Please note that the process is similar on other exchanges as well.
How To Purchase XRP on Changelly
Changelly is a platform that provides traders with all the services of a crypto exchange. According to the developers, the platform is an ecosystem that provides traders with a lot of options. They include buying, selling, and trading various digital assets. Even though it is young compared to some exchanges, it has provided traders with unrivaled services.
- Step 1: To purchase XRP, the first thing you will do is create your digital wallet, where you will store your assets. While you can keep the bought crypto on the platform itself, it’s safer to use the wallet. The most secure one is a hard wallet as it’s not connected to the world wide web.
- Step 2: After creating your wallet, you will need to sign up or log in to your Changelly account. You can sign up through several options such as Twitter, Google, and Facebook. On the mobile app, you can register through Apple. The process takes only a couple of steps and several minutes.
- Step 3: After signing up, you should log in to the exchange, where you should choose XRP as the token you intend to purchase. Then select the fiat currency if you wish to buy Ripple with dollars or euros. You may also exchange crypto for crypto, for example, BTC for XRP.
- Step 4: After choosing your trading pair, you will be required to submit your XRP wallet address. In the next step, you will be mandated to enter your details and verify them. Notably, verification on Changelly should take approximately an hour.
- Step 5: After the verification process, you will need to choose the payment method that you wish to use to purchase the token. The options are credit/debit cards, bank transfers, Apple Pay. After some minutes, the transaction will be processed, and the tokens will be available for your use in your wallet. Keep in mind that you can buy Ripple with credit card using changelly.com.
There are a lot of things that you can do after purchasing Ripple on Changelly. You can choose to trade the asset or hold it. You can also use the assets to purchase products from selected stores or send them to your loved ones regardless of where they are located.
Since Ripple provides users with the benefits of more than trading, it is advisable that a trader should hold it. This way, you can increase your initial investment.
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