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.
- 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.)