How to Buy Ripple (XRP) in Japan
In this article, we will explain to you how to buy Ripple in Japan. Users and investors will have the chance to do so in just a few clicks. Some of the exchanges are very user-friendly and offer great liquidity. Moreover, many of these platforms are already offering a wide range of solutions as well.
Ripple has been growing over the last few years as one of the most popular crypto companies. Side by side with its growth, the XRP virtual currency has also expanded. This is now a great way to send and receive money across borders.
Japan is one of the most important countries for virtual currencies. Indeed, it has established a clear and respected framework for crypto firms. This has allowed many companies to locate their offices there and start offering services. Nonetheless, firms such as exchanges must obtain a government license before they offer solutions.
It is good to have a reliable cryptocurrency news source to be up to date with everything that is happening around the world, and for this purpose you can access this site.
If you are curious about how to buy Ripple in Japan, you can always read our official guide. With it, you will have a general overview of XRP and how to buy this virtual currency.
What Is Ripple?
Ripple is considered to be one of the most important companies in the cryptocurrency market. Specifically, because of the services and products that it is now offering. The company is working on a daily basis in order to help firms and organizations process cross-border payments.
With RippleNet, financial firms can be connected and unified under a unique network. This allows them to have better contact with each other and process transactions. Nowadays, specifically in Japan, there is a large number of individuals sending funds to their home countries.
This remittance market that was created in the last days requires firms, such as Ripple, to offer services to clients. This is why they are now doing everything that is needed in order for these organizations to reduce costs.
With the XRP virtual currency, these transfers can cost even less and could be made faster. Firms just need to acquire some XRP with local currency, send the XRP abroad, and sell them. In this way, they will be able to get fiat currencies transacted in just a few minutes.
How to Buy Ripple in Japan
Buying Ripple is something that many users want to do for different reasons. Japanese investors play a very important role in the market. Indeed, after the U.S. dollar, the Japanese yen is one of the most transacted currencies against Bitcoin (BTC).
XRP is the third-largest cryptocurrency, and investors from all over the world want to have exposure to it. In the next sections, we will show you which are the best exchanges on how to buy Ripple in Japan.
There are several platforms that offer users the possibility to have access to virtual currencies. Nonetheless, they are offering different services and solutions. Some of these platforms will be more useful than others, depending on your needs.
It is worth mentioning that some platforms require a license to operate in the country. Exchanges are competing in order to get this license from the government, which are sometimes not easy to get.
Binance Crypto Exchange
Binance is known as one of the largest and most popular crypto exchanges in the market. This exchange was launched back in 2017 and has been expanding since then. They are offering a wide range of services for clients and a large selection of trading pairs.
This is certainly one of the best platforms on how to buy Ripple in Japan. It is easy to acquire funds, send them to the exchange, and buy XRP. Moreover, if you are a more professional user, you will certainly want to use this platform to increase your earnings over time.
One of the main advantages of this platform is the fact that it is offering users many trading pairs. Indeed, you can acquire Ripple through several other digital assets. You can exchange it for Bitcoin (BTC), Ethereum (ETH), or even stablecoins.
This platform is going to be very useful for traders who want to handle many other digital assets. Moreover, it will be useful to acquire XRP and other virtual currencies. They are offering users its Binance Launchpad to have access to Initial Exchange Offerings (IEOs). They have also launched their own decentralized exchange – Binance DEX, among other services.
This is one of the ways of having access to new assets that could grow in the future. Nonetheless, it is worth mentioning that these assets tend to be very volatile, even more than normal cryptos. Furthermore, Binance is also offering margin trading for professional and expert users. You can leverage your positions in the market by using margin trading as well.
KuCoin Crypto Exchange
KuCoin has also been growing as a popular cryptocurrency exchange in Asian countries. This platform is offering users a wide range of virtual currencies and trading pairs. The main difference with Binance is the fact that KuCoin doesn’t have so much liquidity.
Binance is the king of the exchanges in terms of trading volume in several trading pairs. KuCoin is a good platform due to the fact it didn’t require information and data to handle virtual currencies. Users could simply create an account and start handling virtual currencies in a fast and easy way.
This is one of the main advantages of this platform. Nonetheless, in the last year, they have added larger controls to handle virtual currencies. This exchange could continue to expand in the future as it has been doing in the last years. Nonetheless, it will certainly have to offer new solutions, such as Binance is doing.
Users can exchange XRP for Bitcoin, Ethereum, and Tether, the largest stablecoin in the market. If demand for XRP grows, it may be possible for the exchange to add new trading pairs as well. This exchange is going to be very useful for users who want to buy XRP and care about their privacy.
While Binance could be a good platform for exigent users, KuCoin makes trading easy, fast, and pleasant. Additionally, it has several virtual currencies, and XRP is available for trading.
Another platform that can be used to buy Ripple in Japan is CEX.IO. This exchange is among the largest in the world and is competing in order to become a leader. Although this is not easy, they are doing a good job by welcoming new users on a daily basis.
CEX.IO, like Binance or KuCoin, has a wide range of assets that would allow traders to build a nice portfolio. Despite that, this exchange focuses on more traditional virtual currencies. They are not offering small tokens for trading like KuCoin or Binance are doing.
This crypto platform was created back in 2013, and they are providing a wide range of solutions for users in the market. Indeed, they are now offering RUB, EUR, USD, and GBP trading pairs for traders. Moreover, users can withdraw and deposit funds using credit and debit cards. This is similar to what Binance is offering to users in some jurisdictions.
Moreover, the exchange has very good trading fees. This is going to be useful for individuals who are looking to maximize their profits while trading. Binance is currently offering similar solutions for traders who want to save some money. In the future, this exchange could start offering new solutions for traders and users.
This will help the platform to reach new users and clients. The Japanese market is very exigent, and it pushes companies to compete for users.
Ledger Hardware Wallet
Although we have explained to you how to acquire XRP, we also need to tell you how to protect them. Crypto exchanges are usually very unsafe to hold digital assets. They are generally targeted by hackers and other attackers who want to get users’ funds.
This is why it is always recommended to start using a hardware wallet. Hardware wallets protect your funds at all times, and you can only have access to them. At the same time, they allow you to spend the funds, receive more, or hold them.
The two most popular hardware wallets in the market were created by Ledger. This company is producing the Ledger Nano S and Ledger Nano X. Both of them are great options for users to hold XRP and many other virtual currencies.
In this article, we have shared with you how to buy XRP to JPY. This is one of the most important jurisdictions for virtual currencies. The market has been growing, and Japanese investors are involved in the space. Although this guide focuses on Ripple, it can be used for any other virtual currency supported by these platforms.
We have also explained to you how to properly store virtual currencies. Hackers are usually ready to steal funds, and the best way to protect them is through hardware wallets.