Buy XRP On eToro

Buying XRP on eToro trading platform is really fast and easy.

All you need is to open a free cryptocurrency trading account and you will be able to buy Ripple XRP with paypal or a credit card within minutes.

Click here to start now with a free bonus demo account


Ripple XRP What You Need to Know?


With so many cryptocurrencies on the eToro platform, one may become confused about which option to invest in. However, you don’t have to be.


In this guide, you are going to learn about Ripple and how it works. This guide is divided into three parts, RippleNet, XRP, and the benefits and uses of Ripple.

Ready? Let's get started.


ETORO XRP - What Is Ripple?


Ripple is an American Fintech company that has created the Ripple payment protocol in order to revolutionize international currency exchange and remittance services.

XRP is the cryptocurrency that the Ripple company used. It has been created in 2013 by Ripple labs. Therefore buying XRP on eToro is like buying an utility token ( and not a share of the Ripple company ). The Ripple's network has grown steadily and has come to be used by banks and payment networks all over the world.




Ripple incorporates two things in one – it is both a platform and a currency. The platform side is called RippleNet. It’s a vast network of payment providers such as banks and finance businesses which use solutions developed by Ripple to send and receive funds globally. RippleNet is revolutionary in that it allows payments using Bitcoin and any other currency. It is also very cheap to use the platform with a small commission of $0.00001 charged per transaction. Thus you can say the primary objective of Ripple is to allow one to make financial transactions quickly and cheaply.




RippleNet has its currency called XRP.
XRP is merely a token for representing the value transferred. You can use XRP tokens across the platform, or you can create your currency using RippleNet. While other cryptocurrencies rely on Blockchain technology, Ripple doesn’t. How then does it verify the transactions carried out? It uses the Ripple Protocol Consensus Algorithm (RPCA).


Uses of Ripple


Low commission currency exchange - Since many people need to convert various currencies for their needs, currencies cannot be directly converted to each other. What do banks do? They use the US Dollar as a mediator. However, converting currency A to the US Dollar, then converting the US Dollar to currency B is expensive. You are charged twice to convert. With Ripple, it's cheaper and therefore more efficient.

Quick international transactions - Regular bank transactions, as well as other cryptocurrencies, take a few days to complete an international transaction. However, with Ripple, the average transaction time is 4 seconds.

- Revolutionary Payment system - With Ripple, you can create your currency for fast and cheap transactions.


Benefits of Ripple


- Ripple was initially designed to be used as a day to day payment system. Therefore, the developers made Ripple safer than other cryptocurrencies.

- By using Ripple, your transactions are much quicker and cheaper.

- Ripple can be exchanged with any other currency cheaply and quickly.



- Ripple is an official organization whose main objective is to be used by banks. Thus, it is not subjected to multiple regulation checks as other cryptocurrencies.

- Ripple has been growing steadily since its inception in 2012. With Ripple, you don't have to worry about inflation. All the tokens have been mined and already exist.


- The more banks continue to use Ripple as their transaction platform, the higher the value of XRP. Thus, if banks decide to adopt Ripple as a unified bank currency in the future, all investors of Ripple will get good returns.


Final Thoughts

As you have read above, Ripple is taking the financial world by storm. What makes it exceptional is its RippleNet platform that is being adopted by banks around the world. This tells you that Ripple is not yan average altcoin but a leading cryptocurrency.

If you want to buy Ripple on eToro, just remember that you are actually buying Ripple's XRP coin and not a share of the Ripple company.


Etoro is a multi-asset platform which offers both investing in stocks and in cryptoassets, as well as trading CFDs.

Please note that CFD's are complex instruments and come with a high risk of losing money rapidly due to leverage.

75% of retail investor accounts lose money when trading CFD'S with this provider.

You should consider whether you understand how​ CFD's work and whether you can afford the high risk of losing your money.

Past performance is not an indicator of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate
for all investors, Other than via CFD's, trading cryptoassets is unregulated and therefore is nt surpervised by any EU regulatory framework.

eToro USA LLC does not offer CFD's and makes no representation and assumes no liability as the accuracy or completeness of

the content pf this publication, which has been prepared by our partner utilizing publicity available non-entity specific information about eToro.


Risk Disclaimer:
Bitcoin UK CFD trading, ethereum and ripple XRP trading, foreign Currencies, futures and options trading have large potential rewards, but also large potential risk.
The fluctuation of the buy bitcoin UK price is very high. You must be aware of the risks and be willing to accept them in order to invest in the futures and forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. All bitcoin for beginners trading analysis, trading videos, bitcoin copy trading strategies, bitcoin trading signals and bitcoin Investment articles are for educational purposes only and should not be construed as investment advice. Bitcoin trading students and investors must keep in mind that past performance of any trading system or methodology is not necessarily indicative of future results.


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