How to Buy Ripple Coin in the UK
Our best choice:
Different cryptocurrencies are at your disposal if you wish to purchase them. Not only are they a great method for making transactions to other people and businesses but also a good option for investment. Ripple is one of the crypto coins that you can consider purchasing. It is possible to buy Ripple coin in the UK online. There is a range of exchanges that offer such services, but each of them has specific conditions. It is recommended to choose where to buy XRP in the UK carefully to ensure reasonable fees, convenience, and security. Therefore, you need to find out what options you have, compare them, and pick the best one. In this article, you will find comprehensive information on how to invest in Ripple in the UK.
Why Should You Buy Ripple Coin in the UK?
XRP is a crypto coin. While it is also known as the Ripple coin, this is the name of the company that has developed it. The Ripple platform enables users to enjoy quick and cheap payment transactions.
Now Ripple is one of the best options for investment because analysts predict a stable future for this coin. It is beneficial in terms of liquidity, speed, and low fees. The coin is used globally, and it is expected that the Ripple network will continue to grow.
Like any other cryptocurrency, XPR is highly volatile, which means that its price changes quickly and drastically even without breaking news. Its maximum price was $3.84 on January 4, 2018. After that, the price of cryptocurrency started to decrease, finally reaching the level of $0.26 in 2018. During the next few years, the price of XPR experienced both growths and falls. Since November 2020, it has been growing. It reached the price of $1.96 on April 14, 2021.
Today, it is an interesting asset for investors. On the official website of this network, you can find comprehensive information about this coin, including its owners, webmasters, registration, and more.Therefore, more and more people are looking for information on how to invest in Ripple in the UK. They follow the updates on the price move and try to catch the right moment.
Where to Buy XRP in the UK
When it comes to the question of where to buy XRP in the UK, the answer would be on an exchange. Those are the companies operating on the Net and allowing purchasing this crypto coin without even leaving your home. There may be significant differences between these companies. Below, you will find the list of options allowing you to buy Ripple coin in the UK.
Buy Ripple Coin in the UK: Step-by-step Guide
You surely want to find the best way to buy Ripple in the UK. That is possible to do on certain exchanges. There are different factors to pay your attention to when choosing the best options, including the following:
How to Buy XRP Coin at Binance
Binance is a popular exchange that offers more than 500 different crypto coins for trading. One of its main benefits is very reasonable prices, from 0.02% to 0.1%. It is a fully secure exchange that you can use without any worries. Below, you will find info on how to invest in Ripple in the UK using this platform.
Set up a New Account
Once you enter the official website of this gambling venue, you will be able to start the registration process. Click on the large registration button. The registration form will open. You can choose to register using either your email address or mobile phone number.
Verify Your Details
You will need to undergo the verification procedure to unlock the limits on deposits and withdrawals. It is not a complicated procedure, which will only take you a few minutes. You will just need to provide your ID documentation and upload a selfie.
Replenish Your Account
You will find a range of payment methods that can be used for replenishing your account. In particular, you can use cash, such as USD, or cryptocurrencies, such as BTC. Moreover, it is also possible to purchase XRP with a credit card directly.
Now, you can purchase XRP with the funds that you have in your account. You will need to choose it for the list of cryptocurrencies available for you and enter the amount of coins that you wish to purchase.
How to Buy XRP Coin at CoinJar
CoinJar is a simple yet popular platform. It was launched in 2013 in Australia. There are different fees that the platform charges depending on the transaction. Fees for fiat-crypto trading depend on the volume of payment and can be from 0.10% to 0.50%. It is a safe platform protected with a range of beneficial security measures.
Sign up for the service
Everything begins with becoming a member of this platform. Click on the Sign Up button that you will find in the top part of the website. You will then see the registration form that you will need to fill out with the required information. Click on the green Sign Up button to submit the form.
Verify your identity
According to the platform’s requirements, you will need to undergo the verification procedure, during which, you will have to verify your identity. This can be done by uploading the required documents, such as ID.
Deposit some funds to your account
Now, you need to add some GBP to your account. It is possible to use either bank cards or the Faster Payments Service. The money should hit your account shortly.
Purchase XRP Register on the platform
Once you have some funds in your account at CoinJar, you can purchase XRP. In this case, you will open the list of crypto coins available for purchase and choose what you need. Then, you will specify the amount of coins that you wish to purchase and complete the transaction.
How to Buy XRP Coin at Crypto.com
Another exchange where you can purchase XRP is Crypto.com. It is used by more than 10 million users, and it allows trading more than 100 cryptocurrencies. You can use this service on various devices, including those powered by Android and iOS.
Download the application
You will find proper links that you can use to get the application on the official site of the exchange. Please note that it is also possible to register right on the website of this platform, which means that you are not required to use an application.
Register on the platform
Now, you can open the registration form and fill it out with the required information. Among others, you will provide such information as your name, date of birth, email address, and more.
Verify your details
To start using the platform, you need to verify your data. In this case, you will upload your ID card, as well as take a selfie. It will not take a long time to have your information verified. Right after that, you can start using the platform.
Now, you can buy XRP. In this case, it is possible to use different payment methods. Some of them include a credit/debit card and your account balance. If you wish to use your account balance, you will need to make a deposit first.
How to Buy XRP Coin at Wirex
This service is suitable for both desktop and mobile users. Users that get the application on their devices will be able to customize it to perfectly match their preferences. The platform allows getting access to more than 150 crypto and traditional currencies.
This is how to buy XRP coin from this platform:
Create a new account
You can do this by clicking on the Open an Account button that you will find in the top right corner of the site. Right after that, you will see the registration form. You will only need to fill it out with the required info.
Go through the registration procedure
The purpose of verification is to make sure that you have provided authentic information during the registration procedure. You will need to provide a range of documents proving your identity and address. Among others, they can be your password or a driving license.
Add funds to your account
Now, you need to replenish your account with some funds. Simply click on the Add Funds buttons, choose the payment method that you wish to use, and enter the amount of money that you want to deposit. You can use Bitcoin, other cryptos, or fiat money.
Finally, you can purchase XPR in the amount you need. Simply select this currency from the list of available options and specify the amount of your purchase.
How to Buy XRP Coin at Kraken
Another option that you have is to purchase XRP from the Kraken platform. It is a pretty large exchange used by people from all the corners of the world. Among its main benefits are reasonable fees.
Find out how to buy Ripple with GBP on the Kraken platform:
Create your account
Go to the official website of Kraken and click on the Create Account button. Register your account at Kraken. Just click the Create Account button and fill out the registration form.
Go through the verification procedure
Now, you need to verify your details provided during the registration procedure by uploading the required documents.
Add some money to your account
There are several payment methods that you can use to add some money to your account. Pick whatever you prefer, enter the amount of payment, and complete your transaction.
You can buy XRP using the funds that you have in your account.
How to Buy XRP with a Credit Card
It is possible to buy XRP with a credit card on some exchanges. Please note that not all of them offer this method. One of the options that you can pick from is the Binance platform. In this case, you do not need to deposit any funds to your account first. Simply use your credit card to buy as many XRP as you want instantly.
Best Wallets to Use after You Buy Ripple Coin in the UK
Now that you know where to buy XRP in the UK, you should decide on where to store your coins. There are various types of wallets that you can choose from. Below, you will find several reliable options to consider:
- Ledger Nano X (hardware wallet)
- Trezor Model T (hardware wallet)
- Atomic Wallet (mobile and desktop)
- Coinomi. Type: Desktop and Mobile
Legal Regulations to Keep in Mind before You Buy Ripple Coin in the UK
Before you buy Ripple coin in the UK, you should find out if such transactions are regulated. The Financial Conduct Authority is the body responsible for registering cryptocurrency exchanges. It is prohibited to make any transaction with cryptocurrency aiming at money laundering or financing terrorism. Therefore, you should make sure not to use XPR for prohibited purposes.