Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalisation.
While many people around the world are already generating revenue from trading and investing in XRP, there are other ways to earn as well that can also be lucrative, and can suit those who don’t necessarily want to invest their funds.
What Is Ripple?
Ripple was originally (and still is) a payment processing platform that allows global transactions using it’s coin, XRP. It’s global payment network was started in 2012, and has continued to grow as companies have adopted it, and currency speculators have taken interest in Ripple.
Ripple uses a blockchain ledger similar to Bitcoin and other crypto-currenies, but it also has come technical differences that claim to make it easier to process transactions, and more importantly, faster while remaining secure.
The best crypto exchanges in this space allow you to buy XRP safely and in a low-cost way. Moreover, your chosen exchange should also support your preferred payment method – such as a debit/credit card or ACH.
If you’re still wondering where to buy XRP for your personal requirements – consider the pre-vetted platforms reviewed below.
- Bitstamp – Low-Fee Crypto Exchange to Buy XRP for 202
- eToro – Popular Online Exchange with Cost-Effective Fee Structure
- Crypto.com – Good Place to Buy XRP With a Debit Card
- Binance – Buy XRP With Crypto at Super-Low Fees
A Ripple transfer can take place in seconds, compared to minutes for an Ethereum transfer, hours for a Bitcoin transfer, and often three to five days for a traditional bank transfer of standard currencies.
From everything above, it is clear that ripple cloud mining or any form of cryptocurrency mining is impossible for XRP. However, if you are insistent on getting your XRP token through mining, there is an indirect way of doing it. This is by mining other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc., and exchanging any of this digital currency for XRP on cryptocurrency exchange platforms.
Here are 5 ways you can stake your XRP tokens:
Celsius is a flexible way to earn interest on XRP. Moreover, withdrawals from Celsius are free, which helps you to save a lot on fees!
Nexo is another platform where you can earn interest on XRP.
If you are looking to send XRP to your Nexo account, you can view my article here.
After you’ve deposited XRP to Nexo, you will start earning interest on it right away.
You are able to choose the lock-up period, depending on the flexibility you wish to have with your XRP funds.
However, the shorter the term, the lower the interest you’ll receive!
Moreover, Crypto.com requires quite a large minimum deposit of 450 XRP, which can be quite a huge sum!
Crypto.com’s Earn is more suitable if you have a large amount of XRP and are thinking of holding it so that it’ll increase in value in the long term.
Binance currently only offers a flexible lockup period for XRP. The interest rate is low, but you are free to redeem your funds almost instantly.
As such, Binance is a good choice if you intend to quickly cash in on your profits.
AAX has the highest minimum deposit required out of all platforms. As such, it will only be useful if you own quite a huge amount of XRP.
How to Earn Free Ripple?
- Ripple Faucet
- Ripple PTC Sites
- Ripple Airdrop
- Ripple GameFi
- Ripple Bounties
- Learning About Ripple
- Shopping Reward
- Ripple Interest
- Owning a Faucet
- Write about Ripple
- Ripple Affiliate Program
- Free Ripple Cloud Mining
- How to Earn Free Ripple (XRP) in 2022 (12 Safe Ways)
- Top 10 Most Popular Free Ripple (XRP) Faucets 2022
- Top 9 Best High Paying Free Ripple (XRP) Faucets 2022
- Top 10 Most Legit Ripple (XRP) Faucets without Investment 2022
XRP Price History
XRP logoWhen buying cryptocurrency it’s important to explore the price performance and market movements leading up to the current date. This way you can ensure you’re making an informed decision and are gaining exposure to the best long term crypto investments out there.
Those who invest in cryptocurrency regularly will undoubtedly have heard of XRP, as the coin was at the forefront of the ‘crypto revolution a few years ago. XRP has consistently been in the top 10 largest cryptocurrencies globally, although it has had a rocky period of late. With that in mind, let’s look at how XRP reached this point and where it may go in the future.
When discussing XRP, you’ll often hear it referred to as ‘Ripple’. A common misconception is that XRP and Ripple are one and the same – this isn’t the case. Put simply, Ripple is a blockchain-based payments protocol (created by Ripple Labs) that can make speedy international money transfers. XRP is actually the native cryptocurrency of the Ripple network and plays a crucial role in how these transfers are facilitated.
Is XRP a Good Investment?
XRP is one of the most established cryptocurrency tokens in this industry. This gives the project a solid foundation and track record that very few tokens can mirror.
However, whether or not XRP is a viable investment for your portfolio remains to be seen. In order to make an informed investment decision today, we would suggest researching the project from top to bottom.
To help you along the way, below we explore some of the core reasons why you might decide to buy XRP.
XRP Price Forecast Long Term Outlook – 2025 Prediction
Given the information presented until this point, it’s natural to think that XRP could be one of the most undervalued cryptos in the market at present. Many analysts would agree with this assessment, as RippleNet already has numerous major partners, even considering the company’s legal issues. According to Ripple’s website, the network is used by hundreds of companies in over 55 countries. These companies include household names such as Santander, Bank of America, and Itau Unibanco. Ultimately, this gives XRP tremendous credibility – and could lead to further partnerships in the future.