Ripple (XRP) is a relatively recent payment system and cryptocurrency option from Ripple Labs, one created specifically for the financial services industry. This makes it a very high-demand choice of crypto and something that a lot of people are looking deeper into.
But how can you buy Ripple, and what is the best way to go about buying XRP if you are looking to actually trade it on a cryptocurrency exchange? The more you know about your available options, the easier it becomes to buy digital assets correctly and reliably.
What is Ripple (XRP)?
If you have not heard of Ripple (XRP) before, then it is important to understand that “Ripple” itself means multiple different things. Ripple Labs created the Ripple network and platform to trade Ripple (XRP) crypto assets. In the interests of clarity, most uses of Ripple/XRP here will refer to the currency.
Ever since the arrival of XRP in the UK, it has become another major inclusion on cryptocurrency exchanges. XRP tokens are part of the Ripple payment system, which is a global platform for cross-border payments and other crypto exchanges.
The Ripple network tries to centralise itself while still remaining decentralised. It uses a unique kind of blockchain system and is designed to rely on validation very heavily, allowing users to choose the people that they feel most comfortable validating their transactions.
Like any cryptocurrency, you can easily go about buying XRP on a cryptocurrency exchange, even if you do not engage with any of Ripple Labs’ platforms or services. But is that really the best way to buy XRP in the UK?
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