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How to buy Ripple in India: Guide to purchasing XRP on Indian cryptocurrency market
How to buy Ripple in India: Guide to purchasing XRP on Indian cryptocurrency market
RIPPLE has taken the cryptocurrency market by storm over the past 12 months, growing by more than 35,000 percent last year. But how can you buy XRP in India?
Ripple’s XRP cryptocurrency was trading at just $0.006 per token at the start of 2017, before a remarkable year saw the digital currency surge to an all time high of $3.84 on January 4, 2018.
This has since dipped back down to under $1.30, though Ripple’s coin market capitalisation is still more than $48billion as of January 30.
Following Ripple’s staggering rise, more and more traders in India are looking to jump on the crypto bandwagon.
in India is easier than ever before. It is a process that involves setting up a crypto wallet and signing up to a crypto exchange account.
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The first thing you need to do to buy Ripple is set up a secure cryptocurrency wallet.
This can be done online, but it is important to choose a reputable brand that will protect your Ripple tokens from any potential thieves and hackers.
Online wallets tend to charge fees for transactions, so an alternative is to purchase a physical hardware wallet. These are widely considered to be safer as they cannot be hacked remotely.
However, one advantage of an online wallet is that it can be accessed from anywhere in the world.
Ripple price chart: XRP has fluctuated hugely over the past three months
though users in Ripple Price Live Inr , though users in
may face a premium charge for use of foreign services.
Popular cryptocurrency exchanges that allow Ripple trading in India include Koinex and BTCxIndia.
India’s leading crypto exchange Zebpay does not support XRP yet, but is expected to add Ripple in the near future.
Steps will vary between platforms and verification could take a number of days to complete, but creating an exchange account will always require a valid email address, phone number and full name.
Once your account has been established, you will be ready to deposit some funds and start trading.
Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year
Some Ripple exchanges allow you to purchase XRP with Indian rupees (INR), while others will first ask you to buy bitcoin.
The process is relatively straightforward either way. Simply follow the instructions provided by your chosen Ripple exchange.
Once you have added funds, you can take your first steps onto the market. Ripple Price Live Inr
The main principle of crypto trading is that you use one currency to purchase another.
Ripple price chart: XRP surged earlier this month before crashing back down
If you have deposited 6,000 INR you will need to select the correct market to trade - in this case XRP/INR.
Once you have selected the right market, you will have to place an order for the amount of XRP you wish to buy.
Ripple prides itself on its speed so XRP transactions should be almost instantaneous.
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