How to Buy Ripple (XRP) in the UK?
Ripple (XRP) became a very important cryptocurrency in the last few years. This is why we will analyze in this article how to buy Ripple in the UK. Ripple is one of the largest digital currencies worldwide, and it has been expanding in the last years.
The United Kingdom is one of the richest countries in the world. Despite the fact they have been hit by the Brexit, they have a massively large crypto community. This is why many of the investors in this market are asking how to purchase Ripple in the UK.
If you want to know how to buy Ripple, you can read our complete guide.
Ripple is the company that is behind one of the largest payment networks in the world. With it, many banks and financial institutions are able to reduce costs on cross border payments and transfers. Ripple wants to free billions of dollars that are now in nostro and vostro accounts.
By creating a network of organizations, individuals, and companies, Ripple could give a new impulse to the economy. All the funds that would reach the market would definitely help the financial industry.
Ripple is currently promoting the use of the XRP digital asset. By using it, transaction times and fees can be reduced even further. This would make the whole financial market much more efficient. Banks will operate efficiently, and customers will enjoy better services and lower fees.
At the moment, XRP is used by a few firms that perform remittances and cross border payments. Nonetheless, in the future, Ripple may be able to reach even a larger number of markets.
How to Buy Ripple in the UK
Bitcoin (BTC) has recently surpassed $15,000, and other virtual currencies are also expanding in the market. XRP / GBP has started a bull trend in early January, which could continue in the future. However, entering the market and diversifying a crypto portfolio is not an easy task to do.
We will share with you some of the best ways on how to buy Ripple in the UK. The article will contain a list of sites where users can easily buy different digital assets, including Ripple. Although not all of them offer the same solutions, they will certainly be useful for many of us.
The United Kingdom is a market that offers better regulations than other jurisdictions, and because of this, the market was able to grow and expand. This expansion provided investors with a wide range of solutions for traders. Now, there are several companies offering services for individuals to enter the space.
Coinbase is one of the most popular crypto exchanges in the market. At the same time, it is one of the oldest. Founded in 2012, Coinbase offers the possibility for users to have access to the crypto market. Although it took some time for it to provide XRP support, now it is one of the easiest ways on how to acquire Ripple in the UK.
This crypto exchange allows you to buy Ripple with fiat currencies. This is certainly useful for newcomers who want to enter the market or acquire Ripple. Considering this is working in the United Kingdom, customers can directly use British pound (GBP) to acquire Ripple.
It is worth taking into account that Coinbase has very high fees on its platform, but those who want to buy Ripple and other cryptocurrencies may pay very high fees. This is why it is certainly recommended to use Coinbase Pro. Coinbase Pro is the professional platform for traders that allow users to have reduced fees.
After several years of operating, Coinbase is now offering a wide range of virtual currencies. This is also good for individuals that want to have a diversified crypto portfolio.
Binance is a well-known crypto exchange in the market. This is also a very useful platform for those who want to acquire Ripple. Compared to Coinbase, Binance was launched in 2017, and it has experienced a massive expansion since then.
This platform is now allowing users to purchase a large number of digital assets. Indeed, there are hundreds of trading pairs. Nonetheless, the exchange also includes several XRP trading pairs.
Users can exchange XRP against Tether (USDT), USD Coin (USDC), True USD (TUSD), and many others. Some of these digital assets include PAX, ETH, BUSD, BTC, and BNB. Individuals will have the possibility to buy Ripple using debit and credit cards as well.
Binance is a multifunctional platform. They are offering a wide range of services. For example, it is worth using Binance to search for alternative investments. Users can stake digital currencies, lend their funds, or just speculate in the spot market. Moreover, there is a future market, margin trading and so on.
Another interesting feature of this exchange is Binance Launchpad. This is a platform that helps users participate in a wide range of Initial Exchange Offerings (IEOs). In the future, new solutions could be offered by Binance for traders and investors alike.
Another platform that would be very useful for users in the UK to purchase XRP is CEX.IO. This would simply help you to go to traditional crypto exchange and get XRP in just a few steps. Users on CEX.IO can simply deposit GBP to the platform and exchange them for XRP.
The transfer may take a few days to be processed, that’s why it is important to have some funds available. Investing in Ripple will be a simple task once the funds are on the platform. Although this exchange is not as large as Binance or Coinbase, it is very useful for traders.
You can simply go to the “Buy and Sell” page or place an order on the “Trade” section. Trades would be the more advanced option where you can decide the kind of order you place. In addition to it, the “Buy and Sell” page could be useful if you want to get Ripple fast.
This digital currency exchange fulfils all the necessary things for users to acquire Ripple. If you have any doubts about how to use it, they have good customer support.
Ledger Cryptocurrency Hardware Wallet
Now that you learned how to buy Ripple in the UK, you will have to secure your XRP. As you may know, handling digital currencies in exchanges is sometimes a dangerous thing. If you hold large amounts of virtual currencies, the best thing to do is to send them to your crypto wallet.
A cryptocurrency wallet would give you control over your funds at all times. This is true as long as you own the private keys of that wallet. As there are different crypto exchanges, there is also a wide range of crypto wallets. Hardware wallets (cold storage) are the best solution for large amounts. Hot wallets are better for small amounts of crypto.
Ledger is one of the largest and most recognized hardware wallet producers in the world. They have created several solutions and products for users to properly store their funds. The best solutions include Ledger Nano S and Ledger Nano X.
With these hardware wallets you can be sure your Ripple will be protected. Exchanges can be hacked at any time, and many of them do not have insurance on their funds. This is why it is always recommended to use a hardware wallet to store digital assets.
You can visit the official site of Ledger to know more about their incredible solutions. If you are a larger company, you can easily see their options for institutions or corporate investors.
With this article, the main goal was to show you how to buy Ripple in the UK. We explained to you which are the most useful exchanges in the country and how to purchase XRP. In addition to it, we have told you how Ripple is expanding all around the world.
Furthermore, Ripple is now moving forward in the market. This digital currency may provide great opportunities for investors that search for different ways on how to diversify their portfolios.