How and Where to Buy Ripple

Ripple has been getting more and more attention in the last couple of years. It’s currently the third biggest cryptocurrency with a market cap close to 12 billion euros and a max supply of 100 billion Ripple coins. If you are interested in buying Ripple but you don’t know where to start, then don’t worry, we will help you out!

So if you are wondering “How can I buy Ripple online?”, or “What’s the best place to buy ripples?”, we’ve got you covered.

Whether you are wondering how to get ripples or how to store the Ripple coins you already own, this article will give you all the necessary information. You will know exactly where you need to go and how to buy ripples online. I will start by briefly summarizing the basics and then we will jump into the buying process. You can use the table of contents to skip ahead. So let’s jump in!

Buying Ripple: Where can I buy Ripple?

So how do you buy ripples? The easiest and most secure way to buy XRP is through an online cryptocurrency exchange that supports a credit card purchase and/or a bank transfer payment. Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currencies or traditional currencies like US dollars or Euro.

Purchase Ripple using an online exchange

I naturally recommend using the Kriptomat Platform, but there are other services available in case Kriptomat doesn’t fit your needs.

7 key factors you should look for in every exchange

Look out for these 7 things when choosing an exchange:

1. A list of the team working on the exchange. This is crucial. Never trust an exchange if its team is anonymous. Kriptomat’s team is publicly visible.
2. Responsive Support. Being able to contact the exchange’s assistance team anytime to solve a problem is essential.
3. Fee schedule. It’s extremely important to know what you pay to the exchange for its services. Kriptomat’s low fees can be found here.
4. Open API. If you are a programmer you know how it feels using an exchange with no API or a really bad one. Kriptomat’s developers delivered a clean and detailed API as well!
5. A bunch of informational content for people who are new to the crypto community.
6. 2FA (two-factor authentication) for security. You need security when you deal with money. This is a must. They have 2FA enabled by default. A code gets sent to your phone in order to log in, but you can also use Google 2FA.
7. Referral Link System. Get some profits if your friends sign up with your link.

Create an account on Kriptomat

1. Go to Kriptomat and click on the registration button on the top right corner of your screen. Also, remember that you can choose to use the platform translated into 21 different languages.

2. You will be redirected to a simple registration form where you will need to input basic personal info.

3. Enter your real name and last name.

4. Enter an email address that actually exists.

5. Create a strong password.

6. Solve the Captcha to confirm that you are not a robot.

7. Click the Create account button.

8. Right after step 6, you will receive a confirmation email from Kriptomat to that email address you just submitted. The email will contain a confirmation link, click on it to prove that you actually own this email address.

9. The link will redirect you to a page where you have to enter and verify your phone number. This is an additional security step to prove ownership of your user account. We take security very seriously.

10. Go to the next step where you will enter a six-digit code sent via SMS to the number you provided. We just want to make sure that the number is yours.

11. The identity verification is the last step before using the platform. You will need to upload an image of a personal document (Kriptomat accepts an ID card and a Passport from the list of supported countries) and a “selfie” where you hold the selected personal document in your hand.

If you need more clarification, then check out our video tutorial on how to open an account on Kriptomat.

How to Buy Ripple with a credit card

1. Go to the “Buy/Sell” section and select Ripple (XRP) in the list of cryptocurrencies.
2. Select the credit card payment method. You can enter the euro amount you want to spend or the XRP amount that you want to buy. Then click the Buy button.
3. Confirm the transaction and enter your credit card information. When you are sure that all the information is correct, click the purchase button. Follow the simple confirmation procedure, enter the requested information for the payment (eg. card number) and you are done within seconds. You now own XRP! Check your balance!

If you need more clarification, check out our general video tutorial on how to buy cryptocurrencies with a credit card on Kriptomat.

How to buy Ripple via bank transfer

1. Sign in to your Kriptomat account and go to the “Buy / Sell” section.
2. In the list of cryptocurrencies, select Ripple (XRP).
3. Select Euro in the payment method section. Then enter the amount you want to spend on your purchase.
4. Click the Buy button.
5. You will be redirected to a page where you can review the transaction and complete the verification.
6. You will receive your XRP within the next few minutes, if not instantly. Check out your wallet! New coins in there!

If you need more clarification, then check out our general video tutorial on how to buy cryptocurrencies on Kriptomat.

Buy Ripple via Paypal

A lot of people have expressed their wish to buy cryptocurrencies, including Ripple, using Paypal. Kriptomat is currently working on this and new payment options will be available soon! You will be able to buy Ripple with PayPal in the near future!

Security Considerations

Two-step verification

The Kriptomat Platform provides two-step verification by default. Kriptomat is a service that takes security extremely seriously since it handles funds. That’s why we made the two-step verification mandatory. The default option is two-step verification via the phone number. Each time you sign in to the Kriptomat, you receive an SMS with a unique code that you must enter into the appropriate dialog box.

Two-factor (2FA) is an additional security layer for our clients — helping to address the vulnerabilities of a standard password-only approach. In today’s online environment, the rudimentary “username and password” approach to security is easy prey for cybercriminals especially in cases where money is involved. Many log-ins can be compromised in minutes, and private data (such as personal and financial details) is under increasing threat.

The cryptocurrency environment is constantly attracting malicious actors to cause tons of digital funds are on the table. 2FA adds another layer of security, supplementing the username and password model with a code that only a specific user has access to (typically sent to something they have immediately to hand). This authentication method can be easily summed up as a combination of “something you have and something you know”.

How to enable Google Authenticator

When logging into a site supporting Authenticator (including Google services) or using Authenticator-supporting third-party applications such as password managers or file hosting services, Authenticator generates a six- to an eight-digit one-time password which users must enter in addition to their usual login details. The Google Authenticator app that is linked to your user account.

The application then creates a new personalized code every 30 seconds, which you must enter before entering the dialog box when entering the user account.

1. Sign in to your Kriptomat Account and go to the Settings section.
2. Select the Security tab.
3. Scroll down and here you can see that the default two-step verification is set as SMS verification. We want to change this, so we click on the Enable Google Authenticator button.
4. Install the Google Authenticator app for your Android or iOS device.
5. You will receive a QR code and a verification key.
6. In the Google Authenticator app on your phone, click the “PLUS” button to add the Kriptomat profile.
7. Now you have to scan the QR code that is displayed on Kriptomat. Instead of scanning, you can also manually enter the verification key that was displayed on Kriptomat. After you do so, the Google Authenticator app and your Kriptomat account will be linked.
8. Enter the verification key and enter your password to log in to your Kriptomat account. Then enter the six-digit code that is generated in the Google Authenticator app.
9. Click the Enable button.

Congratulations, you have made an important step towards improving the security of your account!

Where to store your XRP

Cryptocurrency Software Wallet

The fundamental answer to this question the usage of a cryptocurrency wallet. A cryptocurrency wallet is a secure digital wallet used to store, send and receive digital currency like Bitcoin. Most coins have an official wallet built by the coin’s team. In order to use cryptocurrency, you’ll need to use a cryptocurrency wallet.

At this point in time, there are wallets which can handle more than one cryptocurrency. Of course there are ones that are built specifically for one coin too. Every wallet has two important features. A public address, which you can share with other people so that they can send you funds. You can think of this as you IBAN number.

The second feature is your private key. This is a secret code that you should never share with anyone. Anyone with access to your private key can remove all your funds from your wallet. Think of the private key as your bank account password. It is used for proving an address is owned by you.

A wallet is essentially like your online bank account, and your address is like your account number. The blockchain is like the bank’s ledger, and your private key is like your password. Read more about crypto wallets here.

Some well-known wallets that support XRP are:

• Atomic XRP wallet (Linux, Mac, Windows, Android, iOS)
• Toast Wallet (Android, iOS)
• Abra Wallet (Android, iOS)
• Rippex (Linux, Mac, Windows)

Cryptocurrency Hardware Wallet

A hardware wallet is a special type of cryptocurrency wallet which stores the user’s private keys in a secure hardware device.

They have major advantages over standard software wallets:

• Private keys are often stored in a protected area its hardware, and cannot be transferred out of the device in plaintext.
• Immune to computer viruses.
• Can be used securely and interactively, private keys never need to touch potentially-vulnerable software.
• Much of the time, the software is open source, allowing a user to validate the entire operation of the device.

Buying Ripple: Conclusion

I hope that this article helped you figure out how to buy Ripple and how to store it. For the sake of safety, simplicity, speed, and accessibility, we recommend Kriptomat. It is a licensed and regulated service, and we are always available for assistance in your language.

Leave your thoughts and questions in the comments, and we will be happy to respond as soon as possible! We would also be glad to provide extra clarifications on how to get Ripple, in our platform, if needed!

Originally published at https://kriptomat.io/cryptocurrencies/ripple/how-and-where-to-buy-ripple/ on March 22, 2019.