Are you looking to buy XRP on Coinbase, but don’t know where to start? Or are you looking for your next cryptocurrency to invest in and have heard good things about XRP? Either way, this guide is for you. In this guide, I show you step by step how to buy xrp on coinbase and give my opinion on why it’s a good investment. Coinbase is one of the most popular cryptocurrency exchanges and wallets around today. You can use Coinbase to buy and sell BTC, ETH, and LTC by linking your bank account or debit/credit card.
Buying your first coin on Coinbase is a very exciting process. Imagine that you have just signed up for Coinbase and now you want to buy your first cryptocurrency. You are not alone. In fact, millions of people are trying to purchase XRP on Coinbase (CoinBase). Like many other new people, when I wanted to buy my first coin, I learned that there’s actually a right way and a wrong way to do this.
In this coinbase review, we’ll look at the positives and negatives of the top cryptocurrency exchange. Coinbase is both a cryptocurrency wallet and an exchange. It’s a simple platform that makes it easy to buy and sell digital currencies on your desktop or mobile device. There are no fees for buying with a bank account. However, users that want to buy BTC, BCH, ETH, LTC, and ETC with their credit or debit card.
What Is XRP?
XRP is the native digital asset of the XRP Ledger, a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
XRP exists natively within the XRP Ledger, an open-source, decentralized blockchain technology created and maintained by a team of leading experts in cryptography and distributed systems. The XRP Ledger is unique among digital assets because it doesn’t rely on a single organization to maintain it; instead, the network is secured through consensus among those validating transactions on it.
As an open-source project maintained by dozens of contributors around the world, anyone can review or contribute to the XRP Ledger’s codebase. In addition to being an active participant in several open source communities, Ripple contributes significantly to the development of XRP Ledger through its team of engineers and cryptographers.
How Do I Buy XRP on Coinbase?
XRP is a cryptocurrency used for fast and inexpensive transactions. It’s the native asset of the XRP Ledger—an open-source, permissionless blockchain technology developed by Ripple. Like many cryptocurrencies, XRP is built upon an open-source protocol that is run and maintained by a decentralized network of computers around the world.
The first step is to open an account with Coinbase, link your bank account, and make a deposit. You’ll need an account in order to buy or sell any cryptocurrency, so this is a necessary step regardless of which exchange you choose.
Once Coinbase has verified your bank account and it’s been added successfully, you can begin buying Bitcoin and other cryptocurrencies.
Confirm and Enter Your Payment Method
Thanks for using XRP! You’re one step away from sending or receiving in XRP.
To get started, confirm your payment method in XRP and then enter it below. We recommend entering a debit card linked to a bank account, as this is the quickest and easiest way to start sending and receiving in XRP.
If you don’t have a debit card linked to a bank account, you can also enter a US bank account instead of by clicking the link below. This can take up to 7 business days to be fully verified.
Overall, I hope this guide has proven helpful in your quest to own some XRP. One thing to keep in mind is that there are several other exchanges that you can use, and I encourage you to do your own research on the steps required to buy XRP on those platforms. Also, the process of buying Ripple can be called into question by some due to its association with one of the preeminent cryptocurrency controversy stories of the industry. That being said, a majority of the XRP used by investors is purchased through Coinbase. If you’re still interested in purchasing XRP despite what might seem like an unconventional method, then you should feel confident doing so on Coinbase with my simple walkthrough.