The ripple is one of the great success stories of the crypto currency world is nothing new. Some early investors have actually managed to bring in a phenomenal return of around 60,000 percent plus. Of course you had to get in early and then have recognized the right time to sell. But even now, the question remains whether the online coin can prevail in the future; the ripple buy is still making sense and what you need to get started.
Step-by-step guide to purchase
The fastest and most uncomplicated way to participate in price increases financially offers the broker eToro. There you do not buy the own coin, but buy ripple as CFD. Instead of buying the XRP coins, this is based on a rising share of the digital currency.
One of the biggest advantages of this kind is that you do not have to worry about storing your digital coins in wallets. Of course, these costs are not incurred. In contrast to the mostly unregulated exchanges, eToro is regulated by the Financial Market Authority of the State of Cyprus and must fulfill its security requirements.
Create an account at Etoro
The first step is to open an account with the broker. This is a straightforward process and takes less than 2 minutes. All you need is a working email address and phone number. Not even a confirmation link must be clicked. At eToro, you can buy Ripple without any credentials. You get direct access to the platform and can start the acquisition.
Deposit money into the account
In the next step then money must be paid into the account with the broker. This provider has many options, as you can see in the picture below. Among other things one has the choice between credit / debit card, PayPal, bank transfer, Skrill SEPA transfer, Giropay, and Neteller, these are the ways how to buy ripple. What is especially worth mentioning at eToro is the relatively low fees of less than 2%
The waiting time until a deposit appears on the account depends heavily on the payment method. For credit cards this can take up to 3 business days. Significantly faster, however, is for example PayPal.
Users who have not verified their account have a limit of up to $ 2,000, which, according to the current conversion rate, is around 1900 euros. If you want to have your account verified, you will do so by specifying the active mobile phone number and verifying the payment method. For this you need a valid identity card.
The minimum deposit amount for this provider is $ 100. That’s about 80 euros. A limit or a cap on top is not given. An exception here is the deposit via Wirecard. But even here the limit is $ 20,000.