Where Is The Best Place to Buy Cryptocurrency?

If you thought Bitcoin was hot, you might want to learn more about the ripples. This is another cryptocurrency that has been growing in popularity lately.

While Ripple was trading at about $0.20 a few months ago, it is now worth more than $ 2.25 per coin.

Ripple is a little different from many other popular cryptocurrencies as it was created by a private for-profit company that remains the largest individual owner of the currency.

But rippling is not as easy to buy as Bitcoin or other popular cryptocurrencies, as it is not available in popular applications such as Coinbase.

This means that you have to jump through some hoops to buy it. You can try several methods and think the simplest one:

Create an account with a Ripple exchange

Only a few of the exchanges recommended by Ripple include support for the purchase of Ripple with the US dollar, which would be the easiest way. Unfortunately, after trying several and encountered technical problems or connection problems, you can settle on an exchange called Bitsane. (Update: Bitsane has experienced server overload problems, you can also try using Binance.)

The creation of an account is easy, and the main page contains all kinds of information about the current exchange prices for exchanges between various crypto currencies. It also allows you to send and receive currencies from other applications, such as Coinbase, which we will see in a moment.

You will now have to buy another cryptocurrency: either bitcoin or ether (the cryptocurrency associated with the Ethereum blockchain).

Move your ether to Bitsane

Then you’ll move the ether you have in Coinbase to the Bitsane platform so you can use it to buy ripples. It sounds complicated, but it is not.

Do this:

  • Click on “Scales” at the top of the Bitsane page.
  • On the “Ethereum” line, select “Deposit”.
  • The page will generate a special address. Copy it.
  • Open Coinbase on your phone or computer.
  • Tap Accounts
  • Press “ETH wallet”
  • Tap the “Send” icon at the top right. It looks like a paper plane.
  • Choose how much you want to send. We will make $ 100 of ether.
  • Enter the address you copied from Bitsane.
  • Click Send.

You can buy ripple with usd paying $ 0.36 – and it should arrive in your Bitsane account within 30 minutes.

Now that your ether is in your Bitsane account, you can use it to buy ripples

At the top of the page, select the XRP / ETH exchange. This allows you to buy ripples with ether and shows you buy orders (bids), sell orders (requests) and current trades.

Choose how much you want to buy. Under the Order Type, select “Market”, then choose your order size (how many ripple pieces you want to buy.)

Tips for Choosing the Right ICO

Prior to the introduction of smart contracts on the blockchain network and Initial coin offerings, early phases tech companies needed to depend on investors, going public, and themselves to fund their projects.

Initial Coin Offerings is a form of crowdfunding, where companies provide their own tokens for other individuals to buy, in order for them to raise money. As an investor you can get the benefits from both worlds, and financial benefits in the long run. ICOs are also are a dangerous financial investment endeavor, so there are a couple of elements you should be mindful of before putting your capital into such projects.

Check out the white paper

White documents are essentially what the company is pitching to prospective financiers. The white paper needs to be well-written, as the quality of the file can either make or break a company. As a prospective financier, you have to check out completely the white paper and find out if the group behind it is serious and if their project is strong. Make sure to fact inspect the information and statistics in the file.

Find out more about the developers

ICO investors should never skip research. You have to do some reading about the group behind the project. While most companies that launch their ICO are newbies to the market, their employees may have been associated with other comparable projects in the past.

It is suggested that you do a background look at each employee. See just how much experience they have in their field, what other projects were they associated with, if those projects stopped working or not and so on. Invest more time into learning about the company and the other items and services it provides if the ICO is held by an already established company.

If a start-up does not list its employees and developers or other essential details, they may be rip-offs, as there is nobody that can be openly held liable for the result of the project and ICO. Check out the crypto ICO review before investing into one.

Purchase tokens with long-lasting use in mind

Tokens that have no other use other than for raising money may not deserve it. With this in mind, think about the long-lasting worth and possible use for the tokens you will be buying. At least make sure that you can access the company’s services if you will not be able to sell the tokens for an earnings.