How to buy xrp cryptocurrency in india

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Unlike Bitcoin blockchain, Ripple does not involve mining, which means no Ripple coins are created when a miner uploads transaction data. Instead, to achieve consensus, multiple parties authenticate Ripple transactions.

Banks and financial institutions prefer Ripple because it can move large amounts of currency promptly and economically. On an average, a typical XRP transaction clears in 4 seconds, whereas a Bitcoin transaction takes roughly an hour.

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Ripple is a payment network (RippleNet) and a cryptocurrency (XRP).

RippleNet is designed to connect major banks and other large financial institutions and allow them to send fast, secure and affordable transactions all over the world.

XRP is the currency used for all transactions in the Ripple payment network. One of the top five cryptocurrencies in the world in terms of market capitalisation, XRP is widely traded on a range of global exchanges.

To find out how the Ripple network works and how you can buy XRP, keep reading.

XRP is available on an extensive range of cryptocurrency exchanges, including the following:

XRP is listed on a wide range of exchanges, so search for an exchange that offers your desired XRP pairings.

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CoinSutra » Cryptocurrency » Where & How To Buy Ripple (XRP) Cryptocurrency From? – 2020 Top List

When it comes to the cryptocurrency market cap, the top five needs no introduction.

And if you see, out of the top 5, Ripple was the least talked about crypto. It was perhaps because it is a crypto specifically for banks, and you know that banks and cryptos don’t go hand in hand.

Nevertheless, Ripple has defied all odds and grown over 18000% since January 2017 and there is no stopping it yet!

Ripple, also know as XRP, can be bought from a number of exchanges and websites and can also be stored securely in some popular XRP wallets.

I am not going to talk much about the XRP wallets as we have discussed it in the past.

Ripple’s XRP cryptocurrency was trading at just $0.006 per token at the start of 2017, before a remarkable year saw the digital currency surge to an all time high of $3.84 on January 4, 2018.

This has since dipped back down to under $1.30, though Ripple’s coin market capitalisation is still more than $48billion as of January 30.

Following Ripple’s staggering rise, more and more traders in India are looking to jump on the crypto bandwagon.

Buying ripple in India is easier than ever before.

It is a process that involves setting up a crypto wallet and signing up to a crypto exchange account.

The first thing you need to do to buy Ripple is set up a secure cryptocurrency wallet.

This can be done online, but it is important to choose a reputable brand that will protect your Ripple tokens from any potential thieves and hackers.

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