What are the steps to buy ripple in India?
Ripple is one of the cryptocurrencies which has given astronomical returns in the last 12 to 14 months. This is one of the main reasons why most of the people are looking to invest in Ripple. From the valuation of around $ 1 billion, it has risen to a valuation of $ 70 billion and is currently around $ 48 billion valuation. Thus, the amount of return which it has given is enormous as well. Moreover, unlike Bitcoin as well as other cryptocurrencies, it has an actual application in the background as well. This ensures that the value which is associated with Ripple would remain intact as well. It is important to understand how to invest in Ripple.
India is one of the largest markets for cryptocurrencies. Owing to this very reason, today we would help you figure out how to invest in Ripple in India.
- Choosing the right cryptocurrency exchange:
Some of the cryptocurrency exchanges which you can use in India in order to invest in Ripple include:
You have to sign up on any of these exchanges and you have to complete the formalities like submitting the document as well as verifying your bank accounts. Once you are able to do that, you have to think about depositing the funds.
- Depositing the funds:
Most of the exchanges would be able to provide you with the bank account in which you can deposit the funds. Once you deposit the funds, within a few hours it would be available in your cryptocurrency exchange account.
- Buying Ripple:
Thereafter, the process of buying Ripple is pretty simple. You have to look at the prevailing rate of Ripple. Depending on the site, you have to place the orders. Once you are able to execute the order, you can be sure that you would be holding Ripple in the cryptocurrency exchange account.
As you can see, as long as you are able to follow the proper procedure and submit the documents to the cryptocurrency exchanges, it is very easy for you to buy ripple in India. All you need to do is to just complete the formalities which at the most would take you one week and thereafter, you can think of investing in Ripple which would ensure that you are able to go ahead and reap the benefits of investing in Ripple owing to the astronomical returns which it can give in the future.
Adam Webb is editor in Smartereum, blockchain and currency news, where he produces updates on Blockchain, Ethereum and other alternative cryptocurrencies.