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How to buy Ripple?

The enormous price growth of the past few months and the latest price corrections makes Ripple interesting for investors. Learn here how to buy Ripple

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The enormous price growth of the past few months and the latest price corrections makes Ripple interesting for investors. Learn here how to buy Ripple (XRP) with Euro or US-Dollar.

In a sense, Ripple can be understood as the “Bitcoin of the banks”. It is massively supported by them to exchange digital values between different currency systems. Ripple also uses a kind of ledger with a decentralized structure, but it is managed by a centralized, profit-oriented organization.

These points lead to the fact that Ripple is seen in the crypto community as the outsider and is treated with suspicion. Above all, the fact that it is centrally organised and supported by banks goes too far for many people.

Nevertheless, it is traded on all common crypto exchanges. We want to show how to buy Ripple, because the value of this currency has risen sharply in recent months and we are constantly being asked for it.

In November 2017, the value of a Ripple (XRP) was only USD 0.2. In January 2018, the price then rose massively to over USD 3 per Ripple. Considerable growth. In terms of market capitalization, it even replaced Ethereum at that time, which was ranked second among cryptocurrencies. At the beginning of 2018 there was then a sharp price correction, which is why many investors are currently thinking of investing at the reduced price.

Ripple price
Price of Ripple. Source: coingecko.com

The fact that Ripple is supported by many large companies and is even in active use there in some cases suggests that the price could rise even further.

There are two different ways to participate in the potential price increase of Ripple: Either via a cryptocurrency and a crypto exchange or via a CFD. The first case is relatively complicated if you don’t have already a cryptocurrency like Bitcoin. The way via CFDs is easier, but has the disadvantage that you only have Ripple virtually. However, the possible profit increases are identical in both cases and can even be leveraged many times by using CFDs.

Trade Ripple with a CFD Broker

To buy Ripple CFDs, first register at any CFD broker who offers these tokens, deposit the desired amount in Euro or US-Dollar and buy the planned amount of Ripple CFDs. A platform that offers Ripple CFDs is Plus500². The CFD Broker offers a very user-friendly platform and does not charge any commissions for trading CFDs. Financing takes place via the Spread, i. e. the difference between the purchase price and the selling price of the contracts.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

If you would like to go even deeper into trading Ethereum CFDs, we have an article for you to read on: How to increase profit with Ethereum CFD?

Buy Ripple via Crypto Exchange

In order to buy Ripple via a crypto exchange, you need an account at one of the providers who trades these tokens. One such provider is the online broker Binance¹. This is a relatively well-known broker.

Basically, only 3 steps are necessary to buy Ripple: open an account at Binance, deposit money in the form of other cryptocurrency like e. g. Bitcoin or Ethereum into your account and then exchange it for the desired amount of Ripple. The Ripples can then be left with the vendor or can be transferred to a separate wallet at a later date. In case you don’t have any cryptocurrencies yet, we will also explain how to buy them.

Step 1: Open an account at Binance

Click on this link¹ to create a new Binance account.

Binance registration

Enter your email address and password and click on “Register”. After a confirmation prompt you have successfully created your personal Binance account. Congratulations!

Step 2: Transfer money to your Binance account

To buy Ripple from your Binance account, you need to deposit crypto money into your Binance account. Unfortunately, online brokers such as Binance do not currently accept Fiat money such as US Dollar or Euro. Instead, you have to go the detour and buy a cryptocurrency like Bitcoin or Ethereum and then deposit it on Binance. If you do not already have another cryptocurrency and the associated wallet.

Buy crypto money

For the purchase of cryptocurrency we recommend the provider Coinbase¹, as it is extremely easy to use due to its online wallet and is one of the most trustworthy providers worldwide. First register at Coinbase and buy the desired amount of Bitcoin (BTC) or Ethereum (ETH) you want to exchange for Ripple.

Considering that the transaction fees at Bitcoin are currently extremely high, we recommend the purchase of Ethereum.

Transfer crypto money to Binance account

After you have successfully completed your registration at Coinbase¹ and purchased the desired amount of Bitcoin (BTC) or Ethereum (ETH) there, you must now charge your Binance account with the purchased Bitcoins (BTC) or Ethers (ETH). You can do that by transferring them from Coinbase to Binance. The following instructions show this procedure as an example for Bitcoin. For Ethereum, this works analogously.

Of course you can also transfer Bitcoins from an offline wallet or another online provider. In these cases, the procedure is always similar to that of Coinbase.

Log in to Binance¹ and click on “Funds” at the top of the page and then “Deposits”.

Binance - Funds

Now you will get a list of all currencies that Binance supports. Choose BTC from the list and press enter. Afterwards a kind of “account number”, the deposit address, is generated for you. To this account you can transfer your Bitcoins from Coinbase to Binance. First copy this address.

BTC Address

Log in to Coinbase and click on “Accounts” and then click on “Send” in the “BTC Wallet” section.

Send BTC

In the “Recipient” field, enter the address you copied from Binance. Then you specify how much of the previously purchased Bitcoins you want to transfer to Binance. Note: Each transfer costs a fee. Therefore, you should make as few transfers as possible. Then click on “Continue”.

Choose BTC ammount

After confirmation, the amount will be transferred to your Binance account. This can take from a few minutes to an hour. You can see if the transfer was successful by clicking on “Funds” in your Binance account and then on “Transaction History”. Under the item “Deposit” your transfer should appear as a new entry after a while.  As soon as this is the case, the transfer is completed and you can now use the Bitcoins to buy Ripple.

Step 3: Buy Ripple

Once you have charged your Binance¹ account with the desired amount of Bitcoins or Ethers, you can finally buy Ripples with them. It’s pretty simple. Log into Binance and click on “Exchange” in the upper left corner and then “Basic”. The user interface for trading in cryptocurrencies appears. A search field appears in the right area. Enter “XRP” there. This is the official registration number of Ripple on the stock exchanges. The pair XRP/BTC appears below. Click on it to select it.

Binance XRP

To buy Ripple with Ethereum instead, make sure that ETH is selected in the upper area (see cursor arrow). In the “Amount” field, enter the amount of Ripple you want to buy for your Bitcoins or Ethereum. The current market price is proposed to you. At this price it is very likely that your purchase will be successful.

Buy Ripple

After you have clicked on “Buy XRP” the order will be executed and shortly afterwards you will be the owner of Ripple. You can check whether the order was successful by clicking on “Orders” in the upper area and then on “Order History”. Your order is displayed here. If the status is set to “Filled”, the order was successfully executed.

You can also see your Ripples in your wallet. To do so, click on “Funds” at the top and then “Deposits”. Then navigate to the wallet “Ripple” and click on it.

Congratulations on your Ripples!

Tip: If you do not make a transaction with Binance for more than one year, fees are due. For this reason, it is advisable to transfer the Ripples to your own wallet within one year. We recommend the free wallet software Rippex.

¹Affiliate link
Note: The content on ethblog.de is for information purposes only and does not constitute investment advice or any other recommendation within the meaning of the Securities Trading Act.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stephan Niedermeier

Stephan is member and co-founder of Coinauten, a network of experts on cryptocurrency and blockchain technology. He has already founded several successful technology companies and is a Blockchain investor from the very beginning. Stephan advises investors and companies on strategic and technological issues.
TwitterLinkedInhttp://niedermeier.io

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Source: https://ethblog.de/en/how-to-buy-ripple/

Blockchain

Price of XRP Increases By 17% Bringing Stellar To A New Peak

XRP Stellar

Rate this post On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever. The XRP and Stellar Connection Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple.  XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion. Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%. Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week. Why Does Bitcoin Consume Too Much Energy? Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers. Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53. The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

The post Price of XRP Increases By 17% Bringing Stellar To A New Peak appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Table of Contents

Rate this post

On a typically lazy Sunday, XRP and Stellar are performing impressively. The price of Stellar and XRP are continuously increasing. In the last 24 hours, XRP has increased by 17% to $1.6, its highest price since Monday, and Stellar has risen 18% to $0.7, its highest price ever.

The XRP and Stellar Connection

Considerably, these two coins are related as Jed McCaleb worked on these two coins. McCaleb was one of the creators of the Ripple protocol, which runs on the XRP cryptocurrency. To focus more on Stellar (XLM), he left Ripple in 2013. Stellar’s payments network is quick, inexpensive, and easy to use, similar to Ripple. 

XRP is a cryptocurrency based on Ripple’s market capitalization is $57 billion, while the market capitalization of Stellar is $18 billion.

Comparatively, Stellar has performed much better than Ripple in the past few weeks. It has increased by 31.9% in the last seven days, while XRP has only increased by 4%.

Elon Musk’s economic tweets, in which he slammed Bitcoin as unfriendly to the world, contributed to both companies’ growth. Musk depressed the price of Bitcoin from the mid-$50,000s to $49,000 in a single tweet this week.

Why Does Bitcoin Consume Too Much Energy?

Both Stellar and XRP use less energy as compared to Bitcoin; to authenticate users, they depend on a small number of blockchains, whereas Bitcoin relies on a large network of power-hungry computers.

Other, less environmentally harmful coins have risen in popularity as a result of Musk’s withdrawal of Bitcoin. Hedera Hashgraph has increased by 16.37% to $0.36, Solana has increased by 15% to $47, Cardano has increased by 10% to $2.39, and Algorand has increased by 8% to $1.53.

The majority of the above are based on proof-of-stake, a consensus algorithm that allows those who own the most coins to validate transactions.

READ  YFI Technical Analysis: Price Fell Below Support Levels of $74,238 and $72,420.73

#Altcoins #Bitcoin #Elon Musk #Ripple (XRP) #Stellar (XLM)

Source: https://www.cryptoknowmics.com/news/the-price-of-xrp-has-increased-by-17-bringing-stellar-to-a-new-peak/

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Blockchain

Binance Coin, XRP, Dogecoin Price Analysis: 16 May

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Binance Coin headed south towards $500-$510 support – a region bolstered by the 50-SMA (yellow). XRP jumped by 16% on strong volumes but its technicals were yet to reflect a strengthening bullish trend. Finally, Dogecoin could see further dips before a rise above $0.569-resistance.

Binance Coin [BNB]

Source: BNB/USD, TradingView

On the 1-day chart, Binance Coin slipped below $600 and its 20-SMA (blue) and headed towards $500-$510 support – an area that clashed with the 50-SMA (yellow). With large-cap alts trading largely in the red after bearish cues from the market leaders, BNB was no exception. Warning signals came in the form of a bearish twin peak setup on Awesome Oscillator.

Furthermore, bearish divergence on RSI indicated weakening prior to BNB’s dip. At the time of writing, RSI traded in neutral 50-territory. On the 4-hour chart, BNB moved below its 200-SMA and although traders could go long at the current price level, a further pullback towards $500 could be on the cards depending on broader market cues.

XRP

Source: XRP/USD, TradingView

XRP bashed away multiple bearish signs and jumped by 16% in the last 24 hours. Bullish sentiment may have stemmed from Ripple’s response to the SEC’s request of an informal conference to discuss all legal advice that Ripple has solicited during the past.

A series of successive green candlesticks were spotted on XRP’s daily chart and underscored buying resurgence. According to XRP’s technicals, bulls were yet to fully assert control. MACD was close to a bullish crossover, while RSI headed towards the 60-mark. A break above $1.75-resistance could spur some additional buying, while $1.31-$1.22 would provide support in case of further pullbacks.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Even though Dogecoin was slightly bullish, the price remained below a key resistance level at $0.569. In fact, Squeeze Momentun Indicator noted weakening buying pressure and it seemed unlikely that $0.569 would be toppled over the coming days – barring any social media anomalies. Support marks stood at $0.37 and $0.44.

MACD line remained below the Signal line- underlining recent woes for DOGE. On the lower timeframe, a degree of equilibrium was noted between the buyers and sellers. If this continued over the coming hours, some consolidation can be expected before the next upswing.


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Source: https://ambcrypto.com/binance-coin-xrp-dogecoin-price-analysis-16-may

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Blockchain

Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

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Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. 

The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system license application from Switzerland’s financial regulators. “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States,” they said.

This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Stablecoins are digital currencies pegged to a fiat currency, with Tether (USDT) and USD Coin (USDC) being two prominent examples. California-based Silvergate Bank will become the sole issuer of the Diem USD, while also managing its dollar reserves. 

Diem to Launch Wholly New Subsidiary Diem Networks US Alongside Crypto Bank Silvergate

In a strategic partnership, the two firms have created a new subsidiary called Diem Networks US — which will run the Diem Payment Network (DPN) to facilitate transactions of Diem stablecoins within its network. 

“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system,” said Stuart Levey, chief executive officer of Diem.

“We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.” 

Diem’s strategic shift to the United States comes at a time of a rapidly evolving regulatory environment for cryptocurrencies and blockchain technology. 

Some municipalities and states such as Miami and Wisconsin have embraced the recent innovation, whereas regulators such as the newly-appointed SEC Chair Gary Gensler have critiqued the autonomy of the crypto industry. 

With crypto ETFs and related financial products under intense scrutiny by the SEC, it remains to be seen whether Diem’s decision to relocate back to the United States will bear any fruit.

Featured image from ShutterStock

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states

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