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How can you buy ripple

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This is a standard security procedure for most exchanges in Indonesia and requires you to upload some photo ID , and in some cases a selfie with today's date.

Once you've set up your account, you'll need to deposit funds to buy XRP with. We've listed out some popular ways to buy XRP and what you should know about each payment method below. Lots of exchanges accept credit cards as an instant purchase method. But you should think very carefully before buying XRP with a credit card, because:.

You can swap any cryptocurrency you already own for XRP using the "swap" or "convert" service on some platforms. This lets you instantly exchange one crypto for another even if there is no trading pair on the spot market. Most exchanges let you buy as little as Rp5 worth of XRP, if not less. Just type in how much you want to spend in IDR and let the exchange work out the rest.

Some platforms only offer 1 way to buy XRP, while others provide several choices. The 2 most common ways to buy XRP are on the spot market or with an "instant buy" feature. If it's your first time buying XRP this will be the fastest method � but also the least cost-effective. You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.

It should feature a simple interface that lets you enter the amount of XRP you want to buy, or Indonesian rupiahs you want to spend. This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.

The spot market is where buyers and sellers come together to place bids for XRP on the open market. It's usually the cheapest way to buy XRP because it lets traders set their own price. You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use. There are dozens of different trading platforms to choose from when buying XRP in Indonesia, so to help you find your best option, keep these factors in mind:. There are plenty of places to buy XRP, and people in Indonesia can choose from platforms registered here at home or in locations all around the world.

Opting for a locally registered XRP exchange typically offers more convenience, but may have some downsides depending on your goals. You shouldn't invest in any asset, including XRP without doing plenty of research first. Before you buy XRP, make sure you understand and weigh up these risks:. Unfortunately for investors, we won't know the outcome of the case until All the content may be republished with a link to this page Press enquiries. XRP is increasingly treated as a financial asset by governments around the world.

This means that you may need to declare your XRP holdings at tax time and should consider consulting a tax professional to make sure you don't run afoul of the law.

If you want to buy XRP, start by comparing a range of crypto brokers and exchanges available in Indonesia. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with a local regulator for added peace of mind. Remember that owning and using XRP is not without its risks.

Carefully consider investing in XRP as part of a wider strategy, and talk to a financial advisor if you have any questions. Once you've bought some XRP, think about what your short and long-term goals are.

This will help you decide whether to keep it on an exchange, or move it to your own wallet. You can buy XRP on more than 13 trading platforms in Indonesia, many of which offer instant buy options. Shares in Ripple Labs are not publicly traded, which means you can't purchase them on traditional stock trading platforms.

Instead, you'll need to qualify as an accredited investor and hold certain certifications. Disclaimer : Cryptocurrencies, including Ripple, are speculative, complex and involve significant risks � they are highly volatile and sensitive to secondary activity.

Performance is unpredictable and past performance of XRP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision.

Finder, or the author, may have holdings in the Ripple or any other cryptocurrency discussed. James Edwards is the cryptocurrency editor at Finder. He has been using Bitcoin since and began working in the space in He takes pride in boiling down complex topics into language his mum can understand.

His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds. Click here to cancel reply. How likely would you be to recommend finder to a friend or colleague?

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James Edwards. Billy Endres. Updated Jan 31, What changed? Learn more about how we fact check. How to buy XRP in 4 steps To buy XRP all you'll need is a smartphone or computer , an internet connection , photo identification and a way to pay. The easiest way to buy XRP is from a cryptocurrency exchange.

Comparing in the table below helps you find a platform with the features you want like low fees, ease of use or hour customer support. To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready. You can now exchange your funds for XRP. On beginner-friendly exchanges, this is as simple as entering the IDR or XRP amount you want to purchase and clicking "buy".

If you like, you can then withdraw your XRP to a personal wallet. How we chose these XRP trading platforms. OKX Cryptocurrency Exchange. Go to site View details. Binance Cryptocurrency Exchange. Bank transfer ACH. Kraken Cryptocurrency Exchange. Finder Crypto Trading Platform Awards KuCoin Cryptocurrency Exchange.

Changelly Crypto-to-Crypto Exchange. Credit card, Cryptocurrency. Coinmama Cryptocurrency Marketplace. Bitfinex Professional Trading Exchange. Credit card, Cryptocurrency, Bank Wire. Cryptocurrencies are a highly volatile investment product. Your capital is at risk. Bittrex Global. Bank transfer, Credit card, Cryptocurrency, Debit card. IO Cryptocurrency Exchange. Disclaimer: Highly volatile investment product. Paybis Cryptocurrency Exchange. Uphold - Digital Asset Platform.

Huobi Cryptocurrency Exchange. View details. Bithumb Cryptocurrency Exchange. Load More. Compare up to 4 providers Clear selection. What is XRP? Read our beginner's guide to how XRP works. What will I need to buy XRP? KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days. What are the best ways to buy XRP? Buy XRP with a bank account. Many exchanges support free and instant bank transfers in Indonesia.

Buy XRP with a debit card. How you transact with a debit card will depend on the platform. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Ripple is a crypto payments company whose founders created XRP, its native token.

While the traditional process can take days to complete, XRP international transactions can be settled in seconds � and usually for a fraction of the cost. Securities and Exchange Commission lawsuit filed in December Like any crypto, XRP is a higher-risk investment. Since it was created in , it has experienced volatility that makes its future value hard to predict. Right now, the token is among the top ten largest cryptocurrencies by market capitalization. XRP aims to provide a platform for cross-border payments that is faster and more cost efficient.

With reduced settlement time and lower costs per transaction, XRP presents itself as a better option for exchanging currency between countries for both individuals and institutions. Network speed. Comparatively, larger and more popular cryptocurrencies like Bitcoin 7 tps or Ethereum 30 tps are much slower. In recent months, the price of XRP has been hovering at just under 40 cents per token, making it one of the cheapest options for investors looking to buy popular cryptocurrencies.

Transaction costs. SEC lawsuit. As of December the case is still ongoing. XRP is traded worldwide, so there are various options if you want to buy it.

Centralized exchanges are a common destination for crypto buyers. XRP can be purchased on the following centralized exchanges:. Decentralized exchanges, including peer-to-peer transactions, can be cheaper but more difficult to navigate for new buyers since they require more technical experience.

Typically, you can buy cryptocurrencies with cash or crypto. Cash: Most exchanges accept fiat currencies like U. Some require a minimum deposit, support a limited set of fiat currencies, or charge a conversion fee on deposited cash. Platforms also differ in how you can add cash to your account, but some common methods are Automated Clear House, or ACH, transactions from banks, wire transfers and debit cards.

You may see an option to buy crypto with a credit card. But using high-interest debt this way can be especially risky. Cryptocurrency: If you already own cryptocurrency, you could trade some of your existing assets for XRP.

Such a maneuver would be an option if you want to own multiple cryptocurrencies without investing more cash. After investing in a cryptocurrency like XRP, the last thing you want is to lose your tokens.

Deciding where to store your crypto is a vital step in the process.

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How to buy bitcoins wire transfer You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Bank transfer, Credit card, Cryptocurrency, Debit card. Finder is committed to editorial independence. Learn more about Crypto. Visit our coin price directory to add to bookmark.
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