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How to Buy Ripple in 4 Easy Steps

Looking for a quick and safe way to buy Ripple? Blockport enables you to convert your local currency to Ripple. On this page, we will show you how to buy XRPs in just minutes using our platform.

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Step 1: Create a Blockport account

The first step is to sign up for Blockport by creating a new account. You can use this account to buy, sell and store Ripple and other cryptocurrencies.

Create you Blockport account
Step 2: Verify your account

By verifying your identity, your account will be activated and you can start building a portfolio.

Verify your Blockport account
Step 3: Connect a payment method

After your account is verified, connect your bank or payment account in order to deposit euros or US dollars.

Connect a payment method to your Blockport account to start trading Ripple
Step 4: Buy Ripple

Buy Ripple and other cryptocurrencies instantly and exchange them on our trading platform.

Buy Ripple now

Create account

Buy Ripple instantly on Blockport

With Blockport, we have introduced an easy and completely secure way to buy Ripple . The Blockport exchange platform is intuitive and suitable for both beginning and advanced traders. Simply follow the steps above to create an account and start trading immediately. On the Blockport platform, you can not only trade Ripple, but also trade other cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Easily buy Ripple through the user-friendly interface of Blockport.

Frequently asked questions

FAQ

What is Ripple?

Ripple is one of the largest cryptocurrencies by market capitalization and also known by its coin name XRP. Ripple released in 2012 and has since gained popularity among both cryptocurrency enthusiasts and experts. It has been described as highly innovative, even compared to other cryptocurrencies.

Companies and institutions such as Accenture, the Massachusetts Institute of Technology and American Express have actively partnered with Ripple.

How can you use Ripple?

One of the main functions of Ripple is that of a bridge currency. It is often used when two, often rare currencies cannot be directly exchanged at that given moment. Because of its bridge function, Ripple’s valuation can be influenced by fluctuations in the value of the US dollar, Bitcoin, yen and euro, among others.

Although extensively used by large corporations and banks for various goals, Ripple can also simply be used to pay for products and services, much like Bitcoin. An increasing number of companies worldwide accept payments made with Ripple.

Who invented Ripple?

Ripple was invented by Ripple Labs Inc., a San Francisco-based technology company. The early version of the coin was invented by Ryan Fugger in 2004, before Ripple Labs developed Ripple into its current form in 2012.

Ripple Labs still owns a large portion of all coins available, although an increasing percentage is becoming available to the public. Through various rounds, Ripple Labs has received over 100 million USD from investors, including Google, Accenture, Standard Chartered, and CME Group.

How does Ripple differ from Bitcoin and Ethereum?

Although in principle Ripple has many similarities to Bitcoin and Ethereum, the technology Ripple relies on is vastly different. For instance, Ripple is not created by mining, which is the case with most cryptocurrencies. Instead, the coins are built directly into the Ripple protocol and released over time.

Another difference is Ripple’s extremely fast confirmation time for transactions. Whereas it takes about 10 minutes for a Bitcoin transaction to be confirmed, this happens in just a few seconds with Ripple.

Furthermore, the transaction fee paid with Ripple is not collected by anyone, but is destroyed instead. This means Ripple will become increasingly rare. This aspect of Ripple is also being used by many large companies and banks as a countermeasure to spam transactions, where malignant traders create countless transactions to flood a network.

Lastly, Ripple is relatively centralized compared to most cryptocurrencies, with Ripple Labs influencing the coin’s ecosystem. However, Ripple is designed to keep existing even if Ripple Labs dissolves.

Does Ripple have future?

Many industry leading companies certainly think so, and so do we. Ripple has often been named as one of the main rivals to take the leading position in the cryptocurrency market from Bitcoin.

Because of Ripple’s fast transaction times, highly innovative underlying technology and extensive backing from various Fortune 500 companies, Ripple seems to be set to greatly impact the financial industry.

That being said, the value of XRP fluctuates, as is the case with all cryptocurrencies. There are no certainties for Ripple’s future.

Can you make money with Ripple?

Yes, you can make money with Ripple. Compared to early 2017, the value of XRP has increased more than hundredfold. However, Ripple has shown to be volatile. Large profits can be followed by large losses.

Trading any cryptocurrency always carries a degree of risk, just like trading with bonds or shares does.

Which countries does Blockport support?

We aim to be a global exchange, offering our services to everyone. Currently, Blockport supports a wide range of countries in Europe and more will be added in the future.

Please see our full list of supported countries for more info.

Which payment methods does Blockport support?

We currently support payments by SEPA Bank Transfer, SOFORT Banking and iDeal. To learn which payment methods are supported in your country, check out our supported countries page

How do I buy Ripple with SEPA Bank Transfer on Blockport?

For European countries we offer a safe way to buy Ripple with SEPA Bank Transfer. SEPA Bank Transfer is a secure way to send money online from one country inside Europe to another. SEPA Bank Transfer is a fast, safe, and above all, cheap way to transfer money online.

In order to buy XRP with SEPA Bank Transfer on Blockport you will have to follow these four simple steps.

1. Create a Blockport Account

The first step is to sign up for Blockport by creating a new account. You can use this account to buy, sell and store Ripple.

2. Verify your Account

By verifying your identity, your account will be activated.

3. Connect a Bank Account

After your account is verified, connect your bank account in order to deposit euros or US dollars.

4. Buy Ripple

Buy XRPs instantly and exchange them on our trading platform.

Is Blockport safe to use?

Blockport works with industry leading partners to ensure the safety of our users and platform as a whole. Through many rigorous safety measures focused on prevention, detection and mitigation of security issues, Blockport ensures the safety of the exchange.

If you want to learn more about our safety measures, please see our dedicated safety page.

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