How do I Invest in Ripple? – Easy Crypto Ripple XRP Essentials

Ripple XRP logo in a blue blockchain vortex

How do I Invest in Ripple? – Easy Crypto Ripple XRP Essentials

Asking how do I invest in Ripple? If so, it is likely that you are new to the cryptocurrency market. In this case, it is important not to jump straight into investing. Buying Ripple XRP in NZ is easy. However, it is also necessary to learn how to store coins safely and decide how long to invest for.

Ripple XRP coin logo with other cryptocurrencies on a graph being drawn by a suited man to represent XRP coin predictions

How to Invest in Ripple? – What is Ripple?

Ripple has previously traded as high as almost $4. Ripple Coin is, therefore, a top favourite digital asset to invest in. At least, that is the belief of traders and investors who expect Ripple to re-test former all-time price highs at some point.

Ripple XRP logo on coin

Ripple – Everything You Need to Know

Like Bitcoin, Ripple is a payment coin and payment network. However, unlike Bitcoin, RippleNet is a payment network designed to be used by existing financial institutions. Ripple is, therefore, fully compliant with international payment regulations stipulated by the likes of the U.S. and EU.

By being designed to be used by major financial institutions, Ripple is also blazingly fast.

  • Ripple payments settle in 4-seconds.
  • XRP payment fees average $0.00001.
  • The Ripple Network is capable of processing 1,500 transactions per second.

The biggest hurdle for Bitcoin is adoption among mainstream payment processors. Banks do not like Bitcoin. Bitcoin is also slow, and Bitcoin fees mean that using Bitcoin for small purchases is not practical. Ripple solves all of these problems. For this reason, some believe that Ripple is the coin which will eventually dominate where Bitcoin can’t.

Click here to see our XRP price predictions.

suited man with breifcase looking into xrp puddle

How do I Invest in Ripple?

At Easy Crypto, it is easy for New Zealanders to buy Ripple in under 2-minutes.

Easy Crypto is an NZ based exchange which caters exclusively to Kiwis and offers the best XRP to NZD exchange rates currently available. Getting started is also easier than getting started at international exchanges like Coinbase.

  • Sign up at Easy Crypto using your email address or a verified Google or Facebook account.
  • Complete your Easy Crypto profile and verify your identity by uploading your NZ issue driving license.

In most cases, it is possible for Easy Crypto to verify new user accounts in under 2-minutes.

Once verification is complete, it is possible to buy Ripple via bank transfer and POLi instant pay. All new users need to do is enter the amount of Ripple they would like to purchase in New Zealand Dollars and enter a valid XRP wallet address.

Hands pointing to XRP logos with a trading graph

What Ripple Wallet Options are There?

Before buying Ripple on any exchange, it is important to set up and learn how to use a Ripple wallet. The best app wallets for Ripple currently include Toast, Coinomi, Exodus and Atomic.

App wallets like Toast are free. However, it is worth considering using a dedicated hardware wallet like a Nano Ledger S. This way, it is impossible for stored XRP to ever be hacked, lost, or stolen. (Providing a hardware wallet is backed up and kept in a secure location.)

XRP and Bitcoin logos on motercycles image

How Long Should I Invest in Ripple?

After learning how to secure XRP coins safely, it is necessary to decide how long you plan to invest for. Many people believe that Ripple Coin will re-test former price highs at some point. However, if XRP does, it is just as likely that Ripple might correct afterwards.

In the long-term, Ripple may appreciate significantly in value. However, this is not guaranteed to be the case. All investors should, therefore, plan in advance how long to invest in Ripple. For some, this might be a few weeks. For others, this might mean investing for months or even years.

The most important thing to remember when investing in Ripple, is to never panic sell coins the minute prices correct. As it stands, panic selling is the quickest way to make short term losses at the expense of possible long-term gains.

Click here to see our opinion piece on if you should buy Ripple XRP.