Hello, guys are you looking buying a ripple coin in india then you are the right place. Because today in this article we are going to share how to buy ripple in india.
As you know now ripple is one of the most profitable cryptocurrency to invest in 2018. Because it acts as both cryptocurrency and digital currency for any financial transaction. As on 16th Jan 2018 Ripple Price INR is 121. The best part f the cryptocurrency is you can transfer from one country to another country within a second without any transaction fees.
The main purpose of the ripple coin is to enable secure, instantly, fast and do any transaction with ripple coin without any charges. Ripple is built upon a cryptocurrency called XRP ( Act as a bridge currency to other currencies), distributed open source internet protocol and ledger. It supports the tokens that represent the fiat cryptocurrency.
How To Buy Ripple In India
If you want to transfer money from india to Japan then its very difficult process like first you need to convert the indian currency to the American dollar and then again you need to convert American dollar to JYP. And this process takes up to 7 days with high transaction fees. But with the help of ripple coin, you can buy ripple coin in India using INR and then send this coin to Japan. So it’s very easy and instant transaction of currency from one country to another country.
Buy Ripple Coins In India
There are lots of ways to Buy Ripple in India like using a credit card, debit card, online net banking and you can also convert your bitcoin to ripple. So now it depends on your wish to buy a ripple in india.
Below you can find the three most used methods to buy ripple from india.
Method 1: Buy Ripple From Binance
- First create a new account on Binance by Click Here.
- Enter your personal information like name, mobile, etc and click on signup button.
- Binance send a verification link to your email id, simply click on it and your account is activated.
- Log in to your account by entering email id and password.
- Now deposit bitcoin by click on bitcoin deposit option and send coins to the given address from zebpay, koinex or any other wallet.
- It takes up to 3-4 hours to deposit bitcoin on your binance account.
- After bitcoin available in your account click on Exchange button and select the basic
- Select the pair according to your deposited cryptocurrency. If you deposited bitcoin then select the XRP/BTC and if you deposited ethereum then select XRP/ETH.
- Enter the amount you want to buy XRP and click on buy XRP option.
- That’s it you successfully buy XRP from binance.
Method 2: Buy Ripple In India From Koinex
If you are looking for directly buy ripple in india then koinex is one of the best options for you. Because it is a most trusted platform for buying ripple in india. This platform allows you to buy ripple with INR, USD, BTC, and EUR via debit card, credit card, and online net banking.
- First, create a new account on Koinex by click here.
- Now click on create an account option.
- Enter all the details like Name, Email, Mobile Number, City and click on Register button.
- After that, you need to verify your mobile number by entering one-time password sent to your registered mobile number.
- After verification is complete you can log in to your account.
- In next window, you need to complete the kyc process by submitting the Name of Applicant, Father name, Gender, Marital Status, Date of Birth, Nationality, PAN number, Aadhaar number and upload proof of identity.
- After that click on next button. And you will get an email from the koinex once your account is verified.
- Now login to your koinex and you redirect to the home page.
- Here click on the wallet option and enter your deposit details like amount, beneficiary bank, type of transaction, transaction reference number and click on the submit button.
- Now your amount will be available in the koinex account and you can use for buy XRP in india.
- For buy, XRP clicks on the trade button and enter the amount of XRP you want to buy in india and click on the buy button.
- After that click on confirm button and you will get XRP in your account.
What is Ripple
Ripple is a real time gross settlement system and remittance network by ripple built upon a distributed open source internet protocol. This system is released in 2012. It is also called as ripple protocol or ripple transaction protocol. Ripple is developed by the Ryan Fugger in 2004. The Ryan Fugger is a web developer in Vancouver, British Columbia. It uses the public database is used for the allow two people to exchange coins, allows payments and remittance in a distributed process.
As you all know nowadays bitcoin is very popular in the world and there are so many other currencies like Ethereum, Ripple, and Litecoin has established their market in the crypto world. There are 100 Billion of coins are available out of these company holds 61 billion coins. Ripple can sell to the open market for raise the money. For gain, the trust of the investor in ripple coin the company locked 55 billion coins using 55 smart contracts. Every smart contact expires in every month.
I hope guys you like this article about how to buy ripple in india. If you have any query about how to buy ripple in india then feel free to comment below. Thanks for visiting this blog, keep visiting for more interesting updates.