XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized .
How To Buy XRP In Ghana
Want to buy Ripple? Learn how to buy Ripple in a few easy steps. As you might notice famous companies now also invest in cryptocurrencies, the time seems right to be ahead on the herd and own your own crypto-valuta like Ripple.
This transparent beginners guide will take you safely and step by step through the process of buying Ripple. When you follow these steps you’ll own your first Ripple today! How awesome!
Step 1 – Create & secure an account
Step 2 – How much Ripple XRP should I buy?
Step 3 – Payment methods buying Ripple
Step 4 – Trade or buy your first Ripple
Step 5 – Prepare for the crypto future!
Step 6 – More information about buying Ripple
Step 1 – Create an account
Binance is one of the biggest platforms in the world. Big help is that it is very simple to buy Ripple on Binance. As per normal currency trading you pay a small fee on every trade you make and Binance has good rates. Once you bought Ripple you can choose to keep your coins online or send them to a hardware wallet if available for your coins.
Step 2 – How much Ripple (XRP) should I buy
Todays Ripple value is $1.3860 (1.61%) The good thing on cryptocurrencies are that you can divide them and buy just a (small) piece. This way you still own your piece of Ripple and you can use it or hold it.
It’s good to first try with a small amount of Ghana Cedi to gain confidence about the process of buying Ripple and then scale up your transactions and buy more Ripple. (be aware of the fee’s that are involved when you buy and sell cryptocurrencies)
Two SMART reasons it’s good to be active on multiple exchanges
The demand of people are increasing and sometimes you want to trade quickly. As some exchanges have waiting times for approval what can take weeks. Therefor its good to have already accounts on multiple exchanges.
Another reason to have an account on multiple exchanges is that not all exchanges list the same cryptocurrency coins. When you discover a new coin that you want to buy with your Ghana Cedi (GHS) you don’t want to end up in line waiting for approval but just take action before the price goes up.
Step 3 – Payment methods buying Ripple
On Binance you have over 100 payment options to deposit money and buy your Ripple. Simply select your currency (in your case from Ghana, probably Ghana Cedi) and the payment method you want to use. Of course they also provide the most used payment methods like Credit Card, Bank Transfer & PayPal.
Note: every country has different payment options, simply login and check the payment methods for Ghana.
Step 4 – Trade or buy your first Ripple from Ghana
In the cryptoworld and on exchanges like Binance you can’t buy every cryptocurrency directly with FIAT currency. Therefor they created stable coins like Tether USDT.
These stable coins are cryptocurrencies you can purchase to later swap them over to the currency you want to buy. The name stable-coin is from the USD as the price of these coins just use the price of the USD. Before buying your preferred coin its good to look-up what what coins are paired to the coin you want to buy. For example some coins only pair with Bitcoin and Ethereum other also pair with stable coins.
Benefit of using stable-coins As some cryptocurrencies can be volatile stable coins are often linked to the USD. Therefor their price stays very similar what will reduce the risk while trading fiat currency into other crypto coins and visa versa.
Step 5 – Prepare for the crypto future!
As said in the beginning of this article about buying Ripple(XRP), prepare yourself and create multiple secured accounts on exchanges. This way you will be ahead on the herd when you want to buy a new cryptocurrency that is not listed on the one platform you’re on.
Top 5 – help yourself
List of exchanges including our TOP 5 to buy Ripple (XRP) or other altcoins. Most of these exchanges have large trading volumes.
Binance
Coinbase
Huobi
Crypto.com
Bitfinex
Kucoin