The second came in January 2024, when the company announced it would be buying back $285 million worth of shares at a valuation of $11.3 billion, nearly 25% lower than the valuation two years earlier. Ripple Labs is a private company, so it isn’t required to disclose its ownership. If you don’t qualify as an accredited investor, you can skip down to the section for retail investors below. To date, the company has raised about $295 buy crypto voucher online million from the private markets.
ETF options
XRP was originally designed to have much quicker and cheaper transactions than other cryptocurrencies, making it more suitable for day-to-day payments. However, it is rarely used in this way, as its developers shift their focus to institutional usage of XRP. On Hiive, each listing is made by a different seller who sets their asking price and the amount of volume offered. These sellers might be employees, venture capital firms, or angel investors. That said, the pending lawsuit against Ripple has made it more difficult to buy XRP, as several U.S.-based exchanges have delisted the cryptocurrency (most notably Coinbase).
- A trade order is an agreement to buy or sell a specific asset like Ripple at a specific price or price range.
- While there was speculation that the company could go public in the near future, it had yet to file the necessary paperwork with the SEC to complete an IPO.
- If you already own XRP and hold it on the Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.
- The Ripple network combines high speeds, low costs and scalability to offer an efficient alternative to traditional payment methods.
- The approval of a Bitcoin ETF means a similar offering for Ripple is imminent.
Step 1: Create an account and deposit funds
Finally, eToro is also one of the most heavily regulated platforms that support cryptocurrencies, which is a major factor given the fact that the cryptocurrency market is not yet regulated. All in all, the broker offers four crypto-related portfolios, with the most popular being the eToro CryptoPortfolio. Our hardware wallets are compatible with more than 1500+ different assets, including Bitcoin, Ethereum, Ripple and many more.
While some cryptocurrency exchanges dropped XRP from their listing, the price of XRP has steadily increased over the years. Buy limit orders are placed above key support levels with the purpose of limiting price risks anticipating the uptrend will resume after a correction (buy the dip). Exchange-traded funds (ETFs) are popular investment tools that allow investors to buy exposure to hundreds of individual investments in bulk. That is why ETFs are a means of diversification for your portfolio and as less risky than investing in individual investments. Such multi-asset platforms hand investors many useful financial instruments that can generate a passive income (interest with forex trading or dividend with stock trading).
Also, Ripple is somehow cheap and affordable so you can buy a large number of coins with little money. Some analysts and crypto investors say that if Ripple wins the SEC lawsuit, then XRP price is going to rise significantly. However, you need to take into consideration that investing in XRP is a high-risk investment in the current market conditions. Since its launch nine years ago, Ripple has seen lots of ups and downs, much like other crypto coins and the cryptocurrency market in general. But even with the rising controversy over the Ripple SEC lawsuit, the XRP coin remains one of the most stable digital assets in the world.
Can You Legally Buy XRP in the US?
You can, however, take a look at this chart of Ripple’s cryptocurrency, XRP, to get a feel for the buzz around Ripple. Here are the different payment methods you can choose to buy XRP on Uphold. Invest in or calculate the value of your shares in Ripple or other pre-IPO companies through EquityZen’s platform.
Reputation Amongst XRP Traders
Pay with credit card, bank transfer, or payment app and receive XRP directly in your self-custody wallet. Ripple can also be purchased directly on this page and sent to the Ripple (XRP) wallet of your choice. Apart from its protection measures that safeguard personal and financial information, it also offers other benefits, such as low fees and fast processing times. The easiest and safest way to buy Ripple is through using a platform that does not require you to transfer funds from one platform to the other before buying your coins.
Get dollars in your bank account
Whether you’re a novice or a seasoned trader, understanding how to buy XRP effectively is crucial for maximizing your investment potential. You can buy XRP on most exchanges including Coinbase, Kraken and eToro. For a longer-term forecast, the common opinion in the crypto community regarding XRP is that it will go up in the next years. For the short-term, however, the XRP outlook is more complex due to the lloyd’s launches new cryptocurrency wallet insurance solution for coincover SEC lawsuit, the recent collapse of the crypto market, and the uncertainty about the Ripple Labs operation. Then, whenever you are ready to make a purchase of XRP, click on the ‘Buy’ button and you’ll see an order form. At this point, all you need to do is to insert the amount you want to invest in Ripple coin and click on the Open Trade button.
The platform also offers various ways to earn with Ripple, such as staking and liquidity pools, providing opportunities for users to maximize their holdings. Bitget is a dynamic cryptocurrency exchange that has quickly gained popularity for its innovative features and user-focused platform. Specializing in both spot and futures trading, Bitget offers a well-rounded experience for Ripple (XRP) traders. The platform is designed to be accessible to traders how to buy strong of all levels, with a clean and intuitive interface that makes navigating its features straightforward.