How to Buy Ripple 2021? Our guide to safe & cheap XRP purchase!

Table of Contents

Ripple entered the online currency market in 2012 . That was when Ryan Fugger, Chris Larsen and Jeb MacCaleb got together. A developer, a businessman and a programmer.

The payment network specializes in international transactions . One would like to provide blockchain solutions for end users and also for large institutes and banks.

Buy Ripple: What should you look out for in order to buy Ripple cheaply and safely?

Buying XRP made easy: The coin is particularly interesting for investors. So Kryptoszene.de has dealt more intensively with Ripple and explains in the following how you can invest in Ripple. You should pay attention to the following points when buying Ripple so that nothing goes wrong:

  • Where are the best places to buy Ripple? We recommend our test winner eToro . Here you not only get the opportunity to buy the crypto currency directly, but also to use leverage or shorts using CFD positions.
  • Do I want to hold or actively trade Ripple for the long term? That depends on your own trading strategy. Both variants have their advantages and disadvantages. Your best bet is whether or not you believe in Ripple's big breakthrough. If “yes”, a long-term strategy could be appropriate. The best way to benefit from short price movements is through active trading.
  • How does a ripple wallet work? eToro offers a simple integrated wallet. The XRP tokens are stored here. You also get an address that you need for all transactions in the network. This is a unique code that is assigned to a specific user.
  • Is it worth investing in Ripple? Ripple is one of the promising cryptocurrencies. However, you currently need a thick coat. Ripple Labs has to overcome a number of hurdles, including a legal dispute with the US regulatory authority SEC. However, if Ripple is victorious, then a current investment should be worthwhile.



What is Ripple?

RIPPLE

Ripple is a US cryptocurrency that specializes in cross- currency financial transactions .

Ripple Labs, the publisher behind the coin, has been able to enter into partnerships with various companies. These include Santander Bank and MoneyGram.

The latter cooperation partner has now jumped overboard again, as the unclear legal situation has led to uncertainties and non-payments.

The future will show whether XRP will be able to establish itself permanently and whether the technology has the potential for a cheaper and faster currency exchange.

How do I buy Ripple ? Buy Ripple Beginners Guide with eToro

We now explain how to buy Ripple. We use the broker eToro for this, as it offers the advantage that you can trade both real crypto currencies and CFDs – Etoro combines the advantages of a broker and those of a crypto exchange .

First step: Registration with a broker or a crypto exchange

First we have to register with eToro. To do this, we click on the link to register for eToro:TO THE ETORO REGISTRATION FORM

In the form we enter username, email and password and accept the terms and conditions:

We then receive an email for verification in which we click on the link to confirm the account.

Second step: top up your account

In the next step we have to top up our account with money in order to be able to buy Ripple. To do this, we click on the “Deposit money ” button at eToro :

etoro deposit

Then we select the amount and the method of payment with which we would like to deposit and then click on the “Send” button to deposit the amount.

Buy Ripple with PayPal, Sofortüberweisung and more

In our example we show the purchase with a credit card. eToro also offers other deposit options :

Payment optionpossible?
Buy Ripple with a credit card✔️
Buy Ripple with PayPal✔️
Buy Ripple with SOFORT Überweisung✔️
Buy Ripple with Rapid Transfer✔️
Buy Ripple with Skrill✔️
Buy Ripple with bank transfer✔️
Buy Ripple with Neteller✔️
Buy Ripple with UnionPay✔️

Third step: Buy Ripple online with euros

Now that we have funded our account, we can start buying Ripple . To do this, we click in the search field above and enter “Ripple” there.

Then we click on the “Trade” button:

Ripple trading
Buy Ripple

The purchase window then opens. Here we have the following options:

  1. Buy or sell : In our case, we have to select “Buy”
  2. Trade or orders : Here we can choose whether we want to execute the trade immediately (trade) or with a delay (order).
  3. Amount : How much XRP we want to buy
  4. Stop Loss and Take Profit : At what loss or profit our position should be automatically sold.
  5. Leverage : With what leverage we want to buy Ripple. With lever X1 we buy real ripple , with lever X2 we buy leveraged ripple CFDs .

After we have configured all options, we click on the ” Open Trade ” button to complete the purchase.

The purchase of Rippleist completed!TO REGISTER WITH ETORO

Buy Ripple with Euro in Germany: Are there differences in Switzerland & Austria?

trade bitcoin for free

Basically there are no differences between the countries in Central Europe when it comes to trading in crypto currencies. So you can buy Ripple in Germany and Austria with euros and fall back on francs in Switzerland.

All of this is possible with the help of our test winner eToro, which is available in all of these countries. Crypto trading with the US dollar works here anyway.

So when you load credit onto the platform, both euros and francs are converted into the US currency.

Again and again, however, we emphasize that the case law and tax issues of the individual nations may well be handled differently.

This can change in a very short time. We therefore recommend consulting a tax advisor in order to be able to provide correct information in the tax return.

Buy Ripple at Bitcoin.de , Coinbase, Binance, Bison & Comdirect – Why we recommend eToro as an alternative

Let's take a look at a few well-known crypto platforms to explain why we also recommend eToro for buying Ripple .

Because even if XRP is one of the largest cryptocurrencies at all, one must not assume that the token can be traded everywhere.

BITCOIN.DE

Bitcoin.de logo

Bitcoin.de has prevailed especially in German-speaking countries. The crypto platform is popular but mainly focused on BTC . In principle, the name already reveals this.

So you are looking for Ripple in vain here. BTC currency pairs are only available with other digital currencies such as Ethereum or Litecoin.

COINBASE 

Coinbase logo

Coinbase is one of the most established trading platforms in the crypto industry .

For a long time you could trade XRP here without any problems. Due to the named disputes with the SEC, however, the crypto exchange decided to delist Ripple.

So it says on the platform: XRP is not supported by Coinbase.

BINANCE

Binance logo

Binance is probably the largest exchange for crypto currencies. But the XRP token is no longer listed here either.

So you have to look further in order to be able to trade Ripple seriously.

BISON

bison app

Bison is an offer from the Stuttgart Stock Exchange . So you are dealing with a German provider, which is not even that common in the crypto industry.

After all, we have a provider here who also lets Ripple trade. This goes with a fee of 0.75%.

However, you can only deposit via bank transfer, which seems a bit old-fashioned these days.

COMDIRECT

Comdirect logo

Let's take a look at a classic bench. At comdirect you can actually find one or the other crypto certificate, but no real crypto currencies.

And so you are logically looking for Ripple in vain.

ETORO

etoro logo

If you compare the different offers in the industry, it should quickly become clear why we recommend eToro to buy Ripple.

On the one hand, the crypto currency is still included in the offer, on the other hand you have the choice between CFDs and real XRP tokens.

In addition, you can use different payment methods and buy Ripple using PayPal.BUY RIPPLE FROM ETORO NOW

Buy Ripple Paypal: Where to Buy Ripple Using Paypal

Paypal logo

The payment service provider PayPal is popular internationally and is now also involved in the crypto sector. So the question arises as to whether you can also buy Ripple with PayPal. Fortunately, this is possible.

We particularly recommend eToro for this. Here you can deposit with PayPal and then use the credit to buy Ripple.

In addition, other payment methods are also available, such as instant transfer, credit cards or Skrill and Neteller.

For PayPal and the aforementioned transaction channels, a minimum deposit amount of a manageable $ 200 applies.

But you can also use a conventional transfer, even if you then have to deposit at least $ 500. In any case, there is a serious way to buy Ripple with PayPal.BUY RIPPLE WITH PAYPAL NOW

Broker or stock exchange: where is the best place to buy Ripple?

Ripple

It is hardly surprising that there are now many different providers that allow you to invest in Ripple. In recent years there has been a real crypto hype and more and more brokers (CFD) and stock exchanges (crypto exchanges) platforms and specialized service providers have been launched.

With a little research, you should also come across the US company Coinbase. The crypto exchange is one of the most popular platforms of its kind internationally.

So if you want to get an alternative to eToro, you will quickly find it at Coinbase . Which provider you ultimately place your trust in is likely to depend on a wide variety of factors.

We still recommend our test winner eToro, as the fees are lower here. In addition, the broker eToro is fully licensed and regulated.

There are still no regulations for crypto exchanges , but at Coinbase you can at least rely on European laws to come into effect.

Buy Ripple as CFD or real cryptocurrency?

If you are just starting out with crypto trading, we clearly recommend buying the real XRP cryptocurrency . CFDs are actually more for the more experienced trader.

Although these can enable much higher returns, the risks are also much higher than with regular trading. In addition, one should keep in mind that CFDs can regularly incur costs if you hold them for too long.

However, if you already have a little experience, you can deal with the additional functions of CFD trading . There is leverage here and you can take advantage of short positions.

What are Ripple CFDs?

CFD is a so-called derivative . The distinguishing feature of these derivatives is that they only use the underlying asset to determine the price. A real transaction of the assets does not take place.

So you can trade all kinds of values ​​relatively inexpensively. After all, you don't have to pay the price for the underlying asset yourself.

In the meantime, cryptocurrencies have also found their way into the world of CFDs. And so there are also Ripple CFDs . Logically, you do not need a wallet for this, as you will not receive or send any XRP tokens.

In any case, it makes sense to use a demo account to learn about new trading opportunities. You can also try out strategies without having to live with the risk of loss.

With our test winner eToro you have the free choice between fictitious trading in the demo account, real Ripple tokens and XRP CFDs. This is exactly what makes the offer so interesting and attractive.BUY RIPPLE NOW

Ripple Trading – Should You Hold Ripple Long-Term or Trade Short-Term?

XRP

We have already indicated that there are different arguments for different strategies. Let's go into that more specifically.

As a cryptocurrency, Ripple is a volatile asset. This means that prices fluctuate constantly.

You can also benefit from this in the short term. So-called day traders have specialized in precisely such a strategy.

With the help of CFDs, you can benefit from both rising and falling prices. But you should already know what you are doing.

Amateurs and inexperienced investors run the risk of losing money for lack of knowledge. So you should first use the demo account before CFD trading with real money.

It is easier to invest in the long term. The question arises as to whether the technology behind the cryptocurrency is sustainable. Take a little time to study how XRP works, then wonder if the system could still be around in a few years.

If your answer is yes, you can get some XRP tokens into the wallet.

Buy or Sell Ripple? Our advantages and disadvantages analysis

Per

Of course, it makes sense to deal with the pros and cons of a system . This is especially true for the controversial cryptocurrency Ripple. On the one hand, we can actually book some arguments for the digital currency or for a purchase.

There is already an immense market for the coin. After Ripple Labs wants to focus primarily on modern banking and international transfers are becoming more and more common, the cryptocurrency has positioned itself well.

The founding team is one of the most experienced crypto developers in the industry and was active in the field from an early stage.

The past has shown that there is enormous potential in this value , which could be rekindled if successfully implemented in cooperation with partners such as the Santander Bank .

  • Big market for Ripple
  • Experienced founding team
  • Good time to start
  • Lots of potential
  • Product not 100% decentralized
  • Stellar as a direct competitor to Ripple

The other side deals with selling points .

Here, the role of Ripple Labs as the publisher of the XRP cryptocurrency plays a central role. “Central” is the right keyword here, after all, with digital currencies, it is rather undesirable if one party can exert too much influence.

So crypto currencies were initially created with the ulterior motive of providing an alternative to the previous financial system of the central banks.

In addition, one must not ignore the current legal disputes with the US regulator . The company is alleged to have issued illegal securities worth over $ 1 billion.

If the authority gets right, this could endanger the entire Ripple project. In this respect, an investment is actually only something for speculators who are willing to take risks.BUY RIPPLE NOW

What are the fees when buying Ripple?

Let's take the following example when buying Ripple:

  • We buy Ripple worth € 1,000
  • We keep our Ripple for 30 days and then sell it again
  • For the sake of simplicity we assume that the course does not change in the 30 days

With these assumptions we now go through the fees of the largest providers:

providersetorocoinbasePlus500
Depositfor free3.99%for free
Purchase fees2.45%1.49%3.08% *
Holding feesfor freefor free0.05% *
Sales charges2.45%1.49%3.08% *
Payout5 USD$ 0.151.9%
Total fees€ 53.20€ 68.24€ 92.32

NOW TO ETORO

* The Plus500 fees are based on the current market situation in terms of volatility and liquidity. The fees can be significantly lower or higher . The selected value corresponds to the value when the graph was created and may not correspond to the current values. The current fees can be viewed directly at Plus500 . The values ​​”Spread” (purchase / sale fees) and “Overnight financing – sale” (holding fees) are important here. 

Current Ripple rate

Current price in USD$ 0.5512
Current price in EUR€ 0.45
Total market value in USD25,026,547.834
Total market value in EUR20,604,358.00
Price change within the last 24 hours+ 4.54%
Updated02/17/2021 at 5:00 p.m.

Ripple price history: important moments in the past

Ripple has had a few highs and lows since the ICO 2012. We show the most important moments in the past from the Ripple Coin:

Ripple course
  1. 2012 : Ripple has its ICO and is traded on an exchange for € 0.004 for the first time
  2. December 2013: Ripple's price rises to € 0.04 in the wake of the 2013 crypto bull run (1,000% growth).
  3. May 2017: Ripple's price exploded to € 0.31, but fell back to € 0.13 as a correction.
  4. January 2018: On January 4th , 2018 , Ripple reached its all-time high of € 3.18 during the crypto bull run.
  5. December 2018: Ripple reached its then all-time low of € 0.24 during the crypto “winter”.
  6. June 2019: Ripple increases to € 0.41 per coin in summer 2019, but decreases again.
  7. March 2020: During the Corona epidemic, Ripple reached its new all-time low (€ 0.12 per coin) after the coin rose to € 0.26 in March.
  8. August 2020: In the current Bull Run, Ripple stands at € 0.26 per coin.

BUY RIPPLE NOW

Buy Ripple with or without a wallet?

Do you have to have a ripple wallet as a trader? You can only answer this question if you deal with the exact type of trade. For a general investment, a digital wallet is by no means necessary , which allows you to manage the coin.

Anyone who has already tried the eToro platform or other internet brokers knows that you will never be asked for a wallet here. This is because they are CFD brokers .

Derivatives only use the various assets as guidelines. The price is examined and is also relevant for the trade, but one acquires an option and not the value itself. This is precisely what can lead to enormous returns.

After all, you don't have to spend any money on acquiring the asset. But if you are wrong with your prediction and prognosis, you can face a total loss. Other traders therefore prefer the crypto exchanges to buy or invest in Ripple.

If you register on the exchange platforms, you will quickly find that deposits are not possible here with real currencies . Rather, you will get the addresses of the various coins displayed.

Without a wallet, you have no way of making a deposit, as you don't have a software solution that allows you to send the tokens. The Ripple Wallet is therefore inevitably necessary if you want to trade the coins directly . This is where the coins are managed and the program is also used for sending and receiving.

If you intend to trade several online currencies and add them to your portfolio, then you urgently have to be careful to choose the right wallet type . Because not every digital wallet is capable of managing all currencies. Here is the big Ripple XRP wallet comparison.

Is it possible to buy Ripple offline?

anonymity

How nice it would be if you could just buy cryptocurrencies in the supermarket. Unfortunately, that doesn't work.

Since it is digital currencies, it is correspondingly difficult to buy Ripple offline.

There are ATMs for Bitcoin at a few selected locations, but these are also limited in their functions and are limited to the largest cryptocurrency.

If you come across a dealer who wants an XRP token in a dark street corner, then you should, of course, refrain from doing so. Safety should come first.

So the only real way to buy Ripple offline is by having a relative or acquaintance who agrees to make a transaction.

You could pay for this offline with cash and then give him your XRP address for the transfer. There is probably no other option.

Can you buy Ripple anonymously?

Is it still possible to buy Ripple anonymously today? We also advise against this. Although you may discover one or the other platform on the Internet that theoretically allows you to do this, numerous users repeatedly report cases of fraud that are best avoided.

This can even happen with supposedly established but unregulated offers, as our analysis of the Uniswap experience shows, for example.

In this respect, we only recommend regulated offers. Here, for example, eToro excels, but Ripple can also be traded as CFDs as real crypto currencies.

Such platforms require verification, but this is worthwhile because you gain enormous security.BUY RIPPLE NOW

Can you buy Ripple without registering?

verification etoro

Since we're talking about it, let's also look at the possibility of whether you can buy Ripple without verification . Is this possible?

In principle, we have already answered this question. So you may come across a website that offers you XRP. But if no EU authority seriously controls the services, there is no security.

So it can be that you pay a price, but then do not receive any XRP coins. The verification therefore serves as an important safety factor.

With some brokers you will be able to deal with trading or try out a demo account without having completed the verification.

However, this confirmation of the data is inevitably required for real trading .

Does it make sense to invest in Ripple?

Ripple is arguably one of the riskier stocks in the market. The bet on XRP can certainly work, then an investment would make sense, but the opposite can also happen and Ripple Labs can file for bankruptcy in the future.

Fortunately, there are other digital currencies that come with completely different characteristics and approaches.

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