How To Buy Ripple Futures?
As the statistics show, Ripple futures or XRP has seen a spike in the year 2017 and early 2018. Joining hands with major financial partners like the SAMA, Western Union, UBS and Santander, Ripple promises a low cost, fast and secure platform for cryptocurrency exchanges.
With the current growth rate of the Ripple Futures currency in crypto space it might be profitable to buy and sell this currency on various leading platforms for exchanges of cryptocurrency.
Here are a few ways that can be opted for if one wants to buy Ripple Futures.
- Buying Ripple with USD on Bitstamp
You can buy Ripple with US dollars on Bitstamp. You will first have to create an account and login, followed by account verification. On completion of the account verification process you can deposit funds.
To buy Ripple Futures you have to select the correct market which is XRP/USD. Select the amount you want to spend and finally select the “Buy XRP” option displayed. On completion of transaction the XRP amount will be added to your wallet.
The payment can be made by credit or debit card and international bank transfer. Hence it is a simple process.
- Buying Ripple with USD on Kraken
Start by creating an account, activation of the account and finally verification of the account. After depositing funds you will be ready to buy XRP. Select the XRP/USD pair from the dropdown available, select the simple interface and then place an order to buy XRP. Enter the amount of XRP you wish to buy and the amount will be credited to your account.
The payment can be made only through wire transfers. Wired transfers come with a fee of 25-30 dollars.
- Buying Ripple with Bitcoin, Ethereum and other cryptocurrencies
Ripple can be bought using other cryptocurrencies also. Buying Ripple with other cryptocurrencies have a different set of rules to be followed by the buyer.
One must have a wallet of the currency using which he wants to buy the Ripple currency.
Such exchanges can be made on platforms like Bittrex, Poloniex, Binance Shapeshift and Changelly. These platforms do not support buying XRP using USD.
Account creation, activation and verification is similar on all platforms. Then buyer needs to select the currency and XRP exchange option (XRP/desired cryptocurrency). Once this is done buyer can proceed to buy the XRP amount he desires by payment from the wallet of the cryptocurrency he wants to exchange with. XRP can then be withdrawn into a safe wallet, preferably a cold wallet which is known to be more secure.
Binance, Poloniex, OKEx, Huobi and Bittrex are some known platforms for exchange of XRP/BTC.
Similarly, XRP/ETH can be exchanged on Upbit, GateHub and Mr Exchange.
All these platforms have different fees for exchange with different currencies. These information can be accessed from the site of the platform chosen for buying the XRP currency.
- Buying Ripple Future Peer-To-Peer
Another popular way of buying the Ripple currency is via Peer To Peer transactions, known as P2P. This does not require the use of any centralized exchanges which have been mention in the previous sections.
In peer to peer transactions the buyer and seller are directly connected without any other human intervention. As compared to Bitcoin, P2P transactions with XRP have lesser options. The most used platform for P2P trading with XRP is Cointal. Cointal does not charge any fees for deposits and purchases. You can choose any cryptocurrency with which you want to buy the Ripple Futures.
With no intervention of third party, this is said to be the safest trading method.