At the moment Ripple is sitting around .72 strengthening for its next big move.
This guide will explain the best and quickest way to buy Ripple.
1. Buy Bitcoin on Coinbase with a Credit Card
Unfortunately, there is no easy and direct way to buy Ripple with a credit card in the USA.
In the United States, you are going to have to buy Bitcoin with your Credit Card then exchange your Bitcoins into Ripple. Coinbase is the easiest and safest way to buy Bitcoin with your Credit Card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
It is important that you purchase your Bitcoin with a credit card rather than through linking your bank account, because credit card transactions are instantaneous. When I did a bank account transfer, it took 6-7 days for my transaction to complete.
2. Get a Ripple Wallet
I downloaded a Ripple Desktop Wallet, which can be downloaded here.
Setting up your wallet is pretty straight forward, but it is very important that you write down your secret key and keep it safe somewhere. The secret key is the only way to recover your account in the event of your computer crashing and all the files being erased. For example, my wallet file didn’t save correctly and I would’ve lost my investments if it weren’t for the secret key.
You can also purchase a physical cryptocurrency hardware wallet to keep your cryptocurrency even safer. The Ledger Nano S is an example of one.
Also a reminder to not give you secret key to anyone else, especially over suspicious emails. They can steal your account with your secret key. Use your common sense.
3. Exchange your Bitcoin into your Ripple Wallet
I use Changelly and ShapeShift for my Ripple exchanges. They both offer great and quick service. They also allow you to keep track of the exchange. It is also very important that you put in the correct addresses or you may lose your cryptocurrency completely.
Your XRP Address can be found in your wallet.
The destination tag isn’t required, unless your wallet is being held by a company rather than on a file or hardware wallet.
Feel free to comment any questions down below. I’ll get back to you as soon as possible. Thanks for reading and good luck future Ripple Hodlers! Tips are accepted and much appreciated. ❤
XRP Address: rBp3uxnPWiEagPzMoT2r4v4t6TtFZt52ET
BTC Address: 1NcBFTJ8fbv5q8SHLeiBZnREGnAYUyHcDC