Do you live in the United States and want to buy XRP? If that’s the case, there are multiple regulated crypto exchanges in the United States from which to pick. The majority of them provide access to the best cryptos, including XRP crypto. But how can you tell if XRP is a smart investment and which exchange is right for you?
This guide will go through how to invest in XRP cryptocurrency in the United States in-depth, going over the coin’s features and potential worth before showing you how to buy Ripple’s XRP right now with cheap trading fees.
What is XRP crypto?
Before we get into how to acquire XRP, let’s take a closer look at the coin’s project, Ripple, and its multiple applications. Investors who bought Shiba Inu or Bitcoin in 2021 are likely to be familiar with Ripple.
Ripple is a payment protocol and transfer system developed by Ripple Labs Inc; a technology company based in the United States. The cryptocurrency project intends to modernize the way people make payments and money transfers. Ripple’s native coin, XRP, is used to convert two currencies and to carry out instant transactions throughout the network.
Ripple’s protocol allows users to create tokens based on a variety of assets, including currencies, commodities, cryptocurrencies, and even mobile minutes or frequent flier miles. Many financial institutions have already decided to employ Ripple’s services, including Union Credit, Axis Bank, Santander, Yes Bank, and others.
Ripple’s main goal is to partner with financial institutions to let them move funds into XRP and perform rapid transactions with other institutions around the world. Users save not only time but also money in this way. Ripple claims that when banks implement its technology, they can save $3–4 for every transaction.
Steps to buying XRP crypto
When learning how to buy XRP in the United States, you’ll immediately realize that using a regulated and user-friendly Crypto exchange like eToro makes the process straightforward. Using our suggested exchange, eToro, the four short steps below will show you how to buy Ripple XRP in minutes:
To buy XRP in the United States right now, follow the simple steps mentioned below.
Step 1: Create an Account — Create an account on the etoro website.
Step 2: Deposit Money – Make a minimum deposit of $10.
Step 3: Look for XRP — Type XRP or Ripple into the search bar and click ‘Trade.’
Step 4: Purchase XRP in the United States — Enter your investment amount and click ‘Open Trade.’
That’s all—you’ve just learned how to buy XRP on a regulated exchange in the United States.
Is XRP a good investment now?
You might be asking if Ripple crypto is still a solid investment after the great surge it experienced previously (and its subsequent drop). Given this, here are several reasons why you might still want to invest in XRP this year:
Given the coin’s relatively low market capitalization, it goes without saying that XRP still has a lot of room for growth. According to Coin Market Cap, the market capitalization of XRP is only $36 billion, with a current price of $0.75. As a result of these characteristics, even slight price rises will result in massive returns for investors, as demonstrated in early 2021.
The recovery of RP’s value loss is currently underway, while the SEC lawsuit is still pending. Having said that, we should point out that XRP is currently selling at a low price, and if the SEC case is successful, the price will grow, providing investors with lucrative profits. Overall, XRP is a decent cryptocurrency to invest in, but think about how the SEC dispute will play out, and don’t risk money you can’t afford to lose.