XRP is a digital asset just like bitcoin. XRP is the native digital asset to the Ripple network. XRP is increasing becoming a way investors can store wealth that is outside of the traditional banking system.Its a digital asset that has no COUNTERPARTY RISK..Other great benefits of XRP is that you can hold other currencies in your ripple wallet aswell as XRP. The time transactions takes to confirm are seconds which is much quicker then bitcoins This guide is to help those interested in getting hold of XRP and investing in the digital currency.
To create a funded Ripple account, follow these steps:
- Create a Ripple account with a client application. Or another easy way is using these ripple tool
- Activate your ripple wallet . All ripple wallets need an initial 50 XRP to activate the functionality of your wallet
- Link your gateway account to your Ripple account
- Identify a gateway or exchange that you trust with your assets, register with it, and connect your gateway account to your Ripple account.
- Choose a Ripple gateway or exchange and create an account there. If your in europe i would recommend Bitstamp
- Follow the gateway’s procedure to link your Ripple account to your gateway account.
- Follow the gateway’s procedure to fund your gateway or exchange account.
- Trade for XRP using Ripple’s distributed exchange which allow users to trade without the need for a broker or a third party exchange. Anyone can post bids or offers into aggregated global order books, and the Ripple protocol finds the most efficient path to match trades.
- Check the exchange rate in your client application and ensure that you can accept the rate before approving the transaction.
- Place an order to buy XRP on the Ripple Consensus Ledger by using your client application.
- Create a Ripple account with a client application. Or another easy way is using these ripple tool
- Activate your ripple wallet . All ripple wallets need an initial 50 XRP to activate the functionality of your wallet
- Buy Bitcoins from Coinbase or Localbitcoins
- Buy 10,000 XRP from my Online Store using your bitcoins