Invest In Ripple UK – How to Invest in Ripple in the UK In Under 5 Minutes!
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Are you searching for alternative investment opportunities beyond Bitcoin and Ethereum? In that case, you may have come across Ripple. But despite dwelling with the top ten largest cryptocurrencies, it has a long way to go to reach its all-time high of $3.84. Should you add Ripple to your crypto portfolio?
To learn more about how to invest in Ripple from the comfort of your own home keep reading this step by step guide. So, let’s take a look at how you can buy XRP in a matter of minutes today!
Table of Contents
#1 Broker to Invest in Ripple UK – eToro
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How to Invest in Ripple UK – Choose a Broker
To invest in Ripple in the UK you first need to find an online broker or crypto exchange that matches your needs. So, let’s cover the best brokers and exchanges to buy and sell XRP in 2022.
- eToro – Overall Best Online Broker to Invest in Ripple UK
- Capital.com – Trade Ripple CFDs with a Trusted Broker
- Alvexo – Invest in XRP CFDs with a Regulated Broker
- Margex – Best XRP Derivatives Trading Exchange with 100x Leverage
- Coinbase – Top-rated cryptocurrency exchange to invest in XRP UK for Beginners
- OKEx – Best Low-Cost exchange to buy Ripple UK via a Crypto Deposit
- Binance – Popular Exchange to Invest in Ripple UK with high Liquidity
- CoinJar – Best Cryptocurrency Exchange to Invest in XRP UK with low crypto deposit fees
For in-depth reviews of all these brokers and cryptocurrency exchanges continue reading.
How to Invest in Ripple in the UK – A Quick Guide For 2022
Here’s a quick guide on how to buy Ripple UK in less than 5 minutes.
- Step 1: Open a Trading Account with eToro – After tons of research, we recommend eToro as the best broker to invest in Ripple UK. This copy trading platform offers competitive fees and the minimum investment amount is just $25 (about £18). To open a trading account simply tap the ‘Join Now’ button and enter your personal details.
- Step 2: Verify your account – to invest more than $2,250 (about £1,600) into Ripple – you will need to upload a copy of your passport and utility bill. This is for the KYC verification process.
- Step 3: Deposit Funds – You can deposit funds via debit/credit cards, Paypal, or Skrill to have your payment processed instantly.
- Step 4: Invest in Ripple – The last step is to search for ‘Ripple’, tap the ‘Trade’ button, and specify your stake amount.
By clicking ‘Open Trade’ your Ripple order will be executed immediately, and the XRP tokens will appear in your eToro crypto portfolio.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Invest in Ripple in the UK
With a market capitalization of $41.5 billion and a 24-hour trading volume of $4.9bn, XRP has gained 9.16% in the last 24 hour period. You’re probably asking yourself: ‘should I invest in Ripple?’ If you’re leaning more towards yes, then you will need a trusted broker or exchange to make that happen.
But with so many options out there, how do you choose the right platform for cryptocurrency trading?
In this section, we’ll explore the best brokers and exchanges to invest in Ripple today.
1. eToro – Overall Best Online Broker to Invest in Ripple UK
What is eToro? eToro is an Israeli fintech company launched in 2006 that has become a household name amongst beginner traders. Home to over 20 million traders worldwide, retail investors flock to its platform for its low fees and copy trading features.
Being a global CFD and forex broker, eToro offers a range of products and markets. As well as 17 popular cryptocurrencies, you can trade CFDs, stocks and ETFs, and more. Perhaps the best selling is that you can buy and sell assets on eToro with 0% commission. This means that the only trading fees you have to pay are the market spreads and the overnight financing fees.
Copy trading is another useful trading feature that you can integrate into your trading strategies. At eToro you can use CopyTrader and CopyPortfolio to copy the trades of other expert traders. Passive trading is ideal for beginners who are still getting to grips with the ins and outs of online trading.
To deposit funds you can use a debit/credit card, bank transfer, or e-wallets such as PayPal and Neteller. There is a small withdrawal fee of $5 and a $10 monthly inactivity fee after 12 months of no login activity. The minimum deposit is just $50 and you can invest as little as $25 in the crypto of your choice.
Is eToro safe? eToro is regulated by the UK’s Financial Conduct Authority, CySEC, and ASIC. This means that UK-based traders are covered up to £85,000 should the broker go into liquidation.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Capital.com – Trade Ripple CFDs with a Trusted Broker
Cryptocurrencies have taken the world by storm, and Capital.com is your one-stop shop for all your CFD crypto trading needs.
Capital.com offers you the opportunity to trade CFDs on some of the world’s most popular shares, indices, commodities, currencies, and cryptocurrencies.
With thousands of CFD assets to choose from, Capital.com offers the most comprehensive selection of assets in the market.
And because Capital.com knows that security is of the utmost importance when it comes to cryptocurrencies, they have implemented state-of-the-art security measures to ensure that your funds are always safe.
If you’re looking for a platform that offers great value for your money, then Capital.com is an excellent choice.
With variable spreads on offer, you can be sure to get the best rates during standard market hours.
Capital.com offers a 0% commission platform that is easy to use and provides clients with the best possible experience.
Furthermore, you can trade crypto-cross pairs for even more opportunities to make money.
Additionally, with a diverse selection of instruments, there’s something to suit everyone’s needs.
Capital.com’s renowned platform enables you to trade a range of major cryptocurrencies like Ripple against several fiat currencies.
Also, with 24/7 customer support and a host of features and tools, Capital.com makes investing in cryptos simple.
So why wait? Sign up today and join the cryptocurrency revolution!
Pros
- 0% commission on all markets
- Tight spreads
- $20 minimum deposit on debit/credit card and e-wallet payments
- Heavily regulated
- Thousands of listed markets – from stocks and indices to forex and crypto
- Leverage offered on all markets
- MT4 supported
Cons
- $250 minimum if opting for a bank wire
- The main trading suite is a bit basic
- Unable to invest in traditional assets – derivatives only
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
3. Alvexo – Invest in XRP CFDs with a Regulated Broker
Alvexo offers a comprehensive online trading experience that is perfect for users looking to invest in a variety of asset classes. With Alvexo, you can trade CFDs on everything from stocks and cryptocurrencies to indices and commodities. Plus, with Alvexo’s world-class customer service, you’ll always have someone there to help guide you through the trading process. So why wait? Start trading today with Alvexo!
Notably, Alvexo is an online trading brokerage that’s been fully regulated by the Cyprus Securities and Exchange Commission (CySEC). Not only does this give customers peace of mind, but it also means they are following strict guidelines set out in order to keep your funds safe!
Furthermore, Alvexo offers some of the most competitive spreads in the industry. For users on our Classic account, spreads start at just 2.9 pips. If you need even more firepower, their Gold and Elite accounts offer spreads as low as 2.2 and 0.1 pips respectively!
Moreover, Alvexo offers a transparent and commission-free trading platform, where the only expense to be aware of is the spread. With no transaction fees for trading cryptocurrencies or another asset class, you can focus on making the most of the spread and achieving your investment goals. Whether you’re looking to trade cryptocurrency or invest in another asset class, Alvexo has you covered.
Alvexo’s Web Trader is sleek, user-friendly, and packed with features. Conventionally accessible on your computer or laptop, you can trade all of the assets featured on the platform with ease. The price charts are clear and easy to read, displaying all of the information you need to make informed trading decisions. With a wide range of technical indicators available, you can confidently trade any asset.
Alvexo is the perfect destination for traders who want to save money on fees. With no deposit fee and no withdrawal fee, Alvexo is a great way to keep more money in your pocket. Plus, Alvexo’s inactivity fee is one of the lowest around – only $10 per month after three months of no trading or transactions. So come see what all the fuss is about at Alvexo!
Pros
- Heavily regulated by CySEC
- 0% commissions* when placing trades
- Offers five different asset classes to trade
- Full MT4 support
- Various account types to choose from
- Accepts PayPal
- Over 1.1m registered users
Cons
- Small inactivity fee applies
- The minimum deposit amount could be lower
70.81% of retail investor accounts lose money when trading CFDs with this provider.
4. Margex – Best XRP Derivatives Trading Exchange with 100x Leverage
Looking to invest in Ripple? Look no further than Margex – the hottest new crypto derivatives trading platform on the market. With massive popularity and a growing user base, Margex is quickly becoming the go-to choice for traders worldwide.
Based in Seychelles, Margex was founded in 2020 to provide a more private alternative to other exchanges out there. That means they don’t require KYC, so you can trade without worrying about submitting any personal information.
Margex is the perfect platform for those who want to trade safely and securely. The MP Shield technology protects users from price manipulations, ensuring that prices are always in line with the market. With Margex, you can rest assured that your trading experience will be smooth and reliable.
Margex is also a user-friendly platform, ideal for both experienced investors and those new to online trading. So if you’re looking for a platform that will save you money and provide a seamless trading experience, Margex is an excellent choice.
As Margex is one of the most versatile platforms, they’re able to offer some of the lowest fees in the industry. Margex’s platform offers maker fees of just 0.019% and taker fees of only 0.060%. So if you’re looking for a private, low-fee option, Margex is the perfect choice for you!
With a minimum deposit of just $10, you can get started right away.
Margex is the only platform you need for trading cryptocurrency pairs with leverage. With up to 100x leverage on major crypto pairs such as XRP/USD, Margex makes it easy to get into the action and make a fortune. Don’t miss out on this opportunity to make big profits!
Pros
- Trade the most liquid cryptocurrency pairs
- Leverage up to x100 for increased profits
- Low fees on all trades
- Get started with just $10
- No KYC required, so your privacy is always protected
Cons
- A limited number of trading pairings are available
- Only BTC is accepted for deposits and withdrawals
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
5. Coinbase – Top-Rated Cryptocurrency Exchange to Invest in XRP UK for Beginners
According to coinmarketcap.com, Coinbase is one of the leading cryptocurrency exchanges, with a market cap of over $47 billion and an average 24-hour trading volume of over $1.4 billion. In April 2021, Coinbase (NASDAQ: COIN) raised $500 million in a blockbuster IPO on the NASDAQ platform, valuing the crypto exchange at $8 billion.
When you purchase and sell cryptos on Coinbase, you’ll have to pay a standard commission of 1.49 percent per side. Coinbase charges a fee when you convert one cryptocurrency to another. This 2% spread is slightly higher than the industry average.
Although cryptocurrencies can be used to fund your Coinbase account, most novice crypto traders in the UK opt to utilise standard payment methods such as credit and debit cards. As a result, if you use a debit card to deposit funds on Coinbase, you will be charged a 3.99 percent deposit fee. Debit card withdrawals are also subject to a 2% fee, whereas bank transfers are free, although they take longer to process.
Coinbase accepts debit cards, cryptocurrency, and bank transfers as payment methods. It is recommended that you use a UK bank transfer to avoid the 3.99% Coinbase fee on debit card deposits and transactions. XRP is not supported by Coinbase at the moment. The trading of XRP has been suspended as of January 19, 2021, after the SEC’s action against Ripple Labs, Inc.
Coinbase complies with all applicable standards and regulations in all the locations where it provides its services to retail and professional traders. Coinbase is also registered with FinCEN as a Money Services Business.
Looking for a more professional trading experience? Coinbase Pro offers low fees and a host of additional features for active traders. With Coinbase Pro, you can trade a variety of assets and utilize limit and stop orders not available on the primary Coinbase platform. So if you’re looking to take your trading to the next level, check out Coinbase Pro today!
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
6. OKEx – Best Low-Cost Exchange to Buy Ripple UK via a Crypto Deposit
OKEx is another cryptocurrency exchange that caters to UK-based customers. However, it’s worth noting that the platform isn’t regulated by the FCA, so keep that in mind. Despite this, the platform has some of the lowest commissions in the business – particularly if you can pay for your Ripple investment with another cryptocurrency. If this is a possibility, you will only need to pay 0.10% per side. This means that you will pay 0.10% to open a position and again to close it.
Transferring funds from your UK bank account is the alternative payment option. The main difficulty is that OKEx does not offer a Ripple market against the British pound, thus there will be additional FX expenses. It’s best to withdraw your digital tokens to a private wallet once your UK Ripple purchase is complete, regardless of how you paid for it. This ensures that you have complete control over your digital assets.
OKEx, on the other hand, is responsible for some amazing security measures. For example, the platform allows you to secure your account by requiring two-factor authentication. This means that each time you try to log in, you’ll be prompted to input a code supplied to you via SMS. OKEx has approximately 400 digital currencies in total, as well as several key tools including crypto interest accounts and loans.
Looking for the best crypto debit cards in the UK? Look no further! Our team has compared all the top providers to bring you the most comprehensive list of cards that support your favorite cryptocurrencies. We’ve also considered all the important fees and limits so you can make an informed decision before selecting your perfect card. So why wait? Compare our top picks today and find the perfect crypto debit card for you!
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
7. Binance – Popular Exchange to Invest in Ripple UK with High Liquidity Levels
Binance is one of the largest cryptocurrency exchanges in the world, with a daily trading volume of more than $13 billion. Binance, which is based in the
Looking to trade cryptocurrencies without spending a fortune on fees? Look no further than Binance. Binance is the low-cost leader in crypto trading. With some of the industry’s lowest fees, Binance provides traders with an affordable way to trade crypto. Binance’s low trading costs will have you smiling all the way to the bank. The fee for spot trading is only 0.1 percent, and the fee for instant buy/sell is 0.5 percent. Depending on your location, Binance offers both fiat and crypto deposits. You can also pay with cryptos, credit cards, debit cards, and bank transfers, among other methods.
Make your money work harder! Earn interest on your crypto assets with the Binance savings account. With daily payouts, it’s an easy way to grow your holdings. Plus, the flexible account option means you can always withdraw your digital assets when you need them. So make sure to put your money in a place where it will thrive – with Binance!
Binance has been under review by the UK’s Financial Conduct Authority (FCA) due to money laundering concerns. As a result, the Financial Conduct Authority of the United Kingdom has barred Binance from engaging in any “regulated activity” in the country. This does not, however, prevent UK-based traders from using Binance’s main website to access its services and product offers.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
8. CoinJar – Best Cryptocurrency Exchange to Invest in XRP UK with Low Crypto Deposit Fees
Established in 2013, CoinJar is Australia’s most popular cryptocurrency exchange. CoinJar gives consumers access to an exchange as well as a safe crypto
On CoinJar, both makers and takers pay different fees. Depending on the transaction volume, taker costs for trading fiat-to-crypto pairs range from 0.10 percent to 0.50 percent. While this may be a negative, the 0% makers fee may be enough to make up for it. For crypto-to-crypto trading, the taker cost is 0.10 percent, which is lower than the industry average.
CoinJar’s crypto wallets are secured with two-factor authentication and password protection, with 90 percent of all client funds held offline in geographically redundant, secure locations.
CoinJar also uses multi-signature technology to store crypto assets in secure hot wallets.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
9. Crypto.com – Earn Daily Interest on your XRP
Crypto.com is a popular cryptocurrency exchange that allows users to buy, sell, and store digital currencies such as Bitcoin, Ethereum, Ripple, Litecoin, and Dash. The Crypto.com App is the one-stop-shop for all your crypto needs! With access to coins, markets, charts with up-to-date info, and more, you’ll be able to stay on top of your investments at all times. So why wait? Download the Crypto.com App today!
Looking to invest in cryptos but don’t want to break the bank? Look no further than Crypto.com! With a 0.4% trading fee for new customers with a trading volume of up to $25,000 a month, it’s easy and affordable for anyone to get started. In addition, Crypto.com offers low fees so you can focus on what matters most – building your portfolio.
Crypto.com is the perfect place to start trading cryptocurrencies! Crypto.com’s volume-based trading fees get cheaper the more you trade, and you can even stake CRO and pay your fees in CRO to obtain more savings. Plus, Crypto.com’s intuitive interface makes it easy to trade cryptocurrencies without any experience in trading at all!
Ripple and other cryptocurrency investors, listen up! Crypto.com offers the perfect way to boost your portfolio value with their incredible Crypto Earn feature. By depositing your assets into this handy feature, you can start passively accruing interest on a daily basis. As your portfolio grows, so does your earning potential!
Everyone knows that cryptocurrency investments are volatile by nature. Still, with Crypto.com’s innovative Earn feature in place, you can rest easy knowing that your assets are growing at an impressive rate every single day. It’s like having another source of income without any extra effort on your part! So now, isn’t that something worth getting excited about?
You don’t have to worry about complicated software or high costs anymore! Crypto.com offers competitive rates, fast execution times, and dedicated customer service, so you never feel alone when trading on their exchange. Sign up now for a free account, get verified, and start investing in the future of money today!
The Staples Center has a new name, and it’s Crypto.com Arena! In a massive $700 million deal, Crypto.com has rebranded the stadium as the Crypto.com Arena, home of the LA Lakers, Clippers, and Kings! So catch a game or concert at the world’s most famous arena and experience the best in blockchain technology!
Looking to make some extra money from your cryptocurrency investments? Check out our list of the best crypto staking platforms! Our experts have carefully curated this list to help you find the best options for making the most profit. So what are you waiting for? Start staking today!
Pros
- Buy and sell a wide variety of cryptocurrencies with low fees
- Earn cashback rewards and enjoy numerous privileges
- Invest in a portfolio of coins and tokens with just one click
- Earn interest on your crypto holdings
- Safe and Secure Transactions
Cons
- Fees are higher unless you own and utilize CRO
- Navigating can be difficult for beginners
- Inadequate client service
- Discounted trading fees can be difficult to understand
- Insufficient educational resources
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
10. Kraken – Buy Ripple with Lowest Fees
If you’re looking to buy Ripple, Kraken is the perfect place for you! Kraken is the leading exchange for professional investors.
Kraken is the undisputed champion of secure XRP exchanges. Kraken’s team of experts has put in place a number of sophisticated measures to prevent theft. So you can rest assured that your money is in good hands. In addition, Kraken offers industry-leading security features that are unrivaled in the industry, including a fully-functional two-factor authentication system for account withdrawals and trades. So you can rest easy knowing your money is safe with Kraken!
Kraken offers superb customer support and a wide range of features that make it the perfect choice for anyone looking to invest in Ripple. Instant purchases cost 1.5% for the majority of coins and 0.9% for stablecoins utilizing USD or another stablecoin.
Additional fees may apply based on the type of payment used to complete the transaction. For example, the cost of funding varies from 0.5% when utilizing a bank account to more than 3.75% when using a debit card, credit card, or digital wallet.
Kraken is the best way to buy XRP! Kraken makes it easy for you to get started, and their customer service is always here to help. With Kraken, you’ll be able to get your hands on some of the most exciting cryptocurrencies out there. So what are you waiting for? Try Kraken today!
Kraken is the perfect platform for anyone looking to get into cryptocurrency. It has a user-friendly interface and provides all the features you need to get started. In contrast, Kraken Pro is the top choice for serious traders. Kraken Pro’s advanced features and intuitive platform make trading easy and profitable.
Plus, with unique charting tools and additional customizable options, Kraken Pro is perfect for more experienced users. So whether you’re just getting started or are a seasoned pro, Kraken has the tools you need to succeed. So what are you waiting for? Start trading today with Kraken!
Kraken Pro is the perfect mobile app for advanced crypto trading on the go. Kraken Pro maintains the same level of security and features as Kraken Exchange but with a gorgeous, mobile-first interface for seamless trading. So whether you’re at home or on the go, Kraken Pro has you covered.
Kraken is the perfect platform for experienced traders who want to make a killing in the cryptocurrency futures market. With Kraken, you can leverage your skills to make smart trades that will earn you big profits. So sign up today and start trading like a pro!
Kraken offers an easy-to-use platform with 72 different cryptocurrencies to choose from. So whether you’re a seasoned investor or just getting started, Kraken has the perfect investment for you. So what are you waiting for? Join the Kraken community today!
Pros
- Low fees
- Easy to use and understand
- Simplify the process of exchanging many different crypto assets
- Trade in a safe way
- Earn rewards on staked assets
Cons
- Fees are prohibitively high for novices who use the Instant Buy platform
- Customer service is limited
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
11. Coinmama – The Easiest Way to Buy XRP
Looking to get in on the exciting world of XRP? Coinmama makes it easy for you to buy XRP with a credit or debit card or bank transfer so that you can join in on the action. With Coinmama’s user-friendly platform, you’ll be able to get your hands on this hot investment opportunity in no time. So what are you waiting for? Get started today!
Coinmama offers competitive rates based on the market rate of TradeBlock’s XBX Index along with 2%, plus a commission fee of up to 3.81% when buying cryptocurrencies and up to 0.9% to sell bitcoin. So whether you’re a seasoned trader or just starting out, Coinmama has you covered.
Coinmama is the perfect place for anyone looking to get started in trading cryptocurrency. Coinmama offers beginners or experienced traders an unbeatable platform to buy and sell digital currency with its highly competitive commission rates. In addition, Coinmama’s user experience is second to none, making it simple and easy for anyone to get started in cryptocurrency trading.
When it comes to XRP wallets, you want to ensure you have the best one for your needs. Our selection of the best XRP wallets will help you take advantage of this vast upside potential before it’s too late! With various options to choose from, we have something for everyone. So don’t miss out – get equipped with the best XRP wallet today!
Pros
- No fees for cryptocurrency deposits or withdrawals
- Numerous payment methods
- Verification within minutes
Cons
- Higher fees than some other competitors
- No iOS mobile app
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
12. Uphold – The Easiest Way to Buy, Hold, and Convert XRP
Looking to invest in Ripple? Look no further than Uphold. Uphold accepts credit cards, debit cards, and bank transfers, so you can buy XRP whenever and however you like. Plus, Uphold’s low fees make it easy to get started. So what are you waiting for? Invest in Ripple today!
With Uphold, you can invest in a variety of assets from all over the world. Whether you’re interested in stocks, commodities, or cryptocurrencies, Uphold offers a powerful selection that you can explore with just one account. So why wait? Start investing today with Uphold!
Uphold is a suitable alternative if you’re looking to purchase precious metals or conduct crypto-to-crypto trades.
Uphold users may buy a variety of assets fee-free via an ACH withdrawal or bank account. However, as with Coinbase, Uphold charges a 3.99% transaction fee for credit card transactions. Nonetheless, the spread on Uphold is far broader and more volatile.
The exchange fee is determined by the type of asset being converted. In terms of cryptocurrencies, the spread fluctuates between 0.80% and 1.20% for users in the United States and Europe and is approximately 1.80% in other nations.
Uphold is the perfect solution for savvy savers who refuse to pay hefty fees. With no fees for bank deposits or withdrawals, it’s easy to keep more of your money where it belongs: in your wallet! So break free from the banks and join the revolution today!
Uphold is your one-stop-shop for the best in trading and investment options. Uphold’s dedicated customer support team is always on hand to help you in making the best informed investing decisions possible. With Uphold’s cutting-edge trading experience, you’ll be able to maximize your profits while minimizing your risk. So don’t miss out – sign up today!
Uphold is the perfect platform for anyone looking to get started in the exciting world of equities and cryptocurrencies. With Uphold’s easy-to-use interface, you can invest in some of the most promising companies and digital currencies out there, all from one place. So why wait? Sign up today and start reaping the benefits!
Our list of the best crypto apps will help you stay on top of the latest market trends and make the most profitable trades. Whether you’re a seasoned trader or just starting out, these apps will give you the tools you need to succeed.
Pros
- Provides trading in precious metals, equities, and cryptocurrencies
- Without any hidden fees or spreads, you’ll always know what you’re going to get
- Eliminate the fear of making costly mistakes when managing digital assets
- You can begin using Uphold in minutes
Cons
- Compared to competitors, it has fewer educational resources
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
13. Bitstamp – Get Started in Minutes with Secure Transactions
Looking to get into the cryptocurrency game? Bitstamp is a great place to start. Bitstamp’s user-friendly platform makes buying and selling Ripple a breeze, and Bitstamp’s competitive rates ensure you always get the best deal. Plus, Bitstamp was founded in 2011, so you can be sure your investment is in good hands. Ready to start trading? Sign up today!
Trade your XRP with confidence. A fixed fee is calculated for cryptocurrency trades based on your 30-day trading volume. Bitstamp’s tiered fee structure ensures that you get the best rate possible, and Bitstamp’s cutting-edge security measures keep your funds safe at all times. With 17 tiers and the highest of which is 0.50%, you’re sure to find the perfect fit for your needs. Advance through the levels and save on your transactions today! So come on over and join the exciting world of Ripple and Bitcoin trading!
Bitstamp is the most reliable and low-cost choice for crypto-traders. Bitstamp offers unbeatable prices with reasonable fees, so you can focus on making the best trades possible. In addition, with world-class customer support and a user-friendly interface that makes trading fast and easy, Bitstamp is always here to help you get back on track. So whether you’re a seasoned trader or just starting out, Bitstamp is the perfect choice for you.
Looking for a way to make your card purchases more affordable? Bitstamp has you covered! With an instant service fee of 5% of the purchase amount for a card purchase, you can save big on every transaction. Plus, both deposits and withdrawals are free when using ACH in the USA. So make your next card purchase with Bitstamp – we guarantee you won’t regret it!
Cryptocurrencies are all the rage right now, and for a good reason! These digital currencies offer a wealth of potential profits for those who know how to trade them. However, if you’re looking to get into the cryptocurrency market, you need a reliable crypto signals service to help you make informed investment decisions.
Luckily, we’ve got just the thing. Our list of the best crypto signals services will help you find the right signal provider for your needs. We’ve done all the hard work for you – so you can focus on making money!
Pros
- Simple and easy to use
- Trade fiat money for different types of cryptocurrencies
- Accepts debit/credit cards and bank transfers
- Get a chance to make huge profits with minimal risk
- Feel like you’re getting in on the ground floor of something big
Cons
- Markets with a limited supply
- Lack of margin trading
- 5% surcharge on debit/credit card transactions
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
How to Invest in Ripple in the UK – Detailed & Explained in Full
Step 1: Open a Trading Account
To get the ball rolling simply head over to the eToro official website and click on ‘Join Now’. You will need your name, email address and phone number to create an account.
After this, you will be asked to provide more information related to your home address, national insurance number, and date of birth. Why does eToro need my personal details? As part of the KYC regulations set by the FCA you need to provide details so that the broker can verify your identity and address. This is to combat money laundering and identity theft.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload Your ID
As we have already mentioned, part of the KYC process involves uploading copies of your passport, driving licence, and a recent utility bill or bank statement.
Step 3: Deposit funds
To successfully invest in Ripple you will need to fund your account. Depositing funds on eToro is quick and easy as the broker supports a variety of payment methods for your convenience. These include:
- Credit Card
- Debit Card
- Bank Transfer
- Skrill
- Neteller
- Paypal
The only available account base currency is USD, which means that any deposits or transactions made in non-USD currency will incur a conversion fee starting from 50 pips.
Step 4: Search for ‘Ripple’
Now that you have successfully funded your eToro brokerage account you can go ahead and invest in Ripple with the click of a button. To do this, simply type ‘Ripple’ into the search bar at the top of the screen and tap on ‘Trade’.
Step 5: How to Invest in Ripple (XRP)
By clicking on the button marked ‘Trade’ a ‘Buy XRP’ window will appear on the screen. From here you can specify your investment amount.
Finally, to execute your Ripple order simply click on ‘Open Trade’. And that’s it! You have successfully invested in Ripple in the UK with eToro.
How to Sell Ripple UK
To sell your XRP tokens simply open your eToro portfolio and click on ‘Sell’. This way eToro will exchange your XRP tokens into US Dollars, which you can then withdraw to your bank account or debit/credit card.
Ways to Invest in Ripple UK
How are cryptocurrency exchanges and crypto brokers different? Let’s cover the key metrics that differentiate both types of platforms so you can choose the right provider for your trading needs.
Regulated brokers
When it comes to buying XRP in the UK, a regulated online broker is the best option.
- This is because you will be using a fully authorized provider that complies with strict regulations.
- For example, eToro is heavily regulated by the UK’s FCA, CySEC, and ASIC.
- As a result, regulated brokers are required to keep client funds in segregated accounts, and send its order books for auditing.
- As such, you can invest in Ripple safely with a trusted and regulated broker.
By using an FCA-regulated broker such as eToro, you will be able to use your UK bank account and debit/credit cards as payment methods.
Cryptocurrency Exchange
Cryptocurrency exchanges are digital marketplaces that allow you to buy and sell cryptos. You can’t simply purchase cryptocurrencies from your bank or e-commerce site. If you want to buy Bitcoin (BTC), Ethereum (ETH), or another altcoin you’ll have to register with a crypto exchange to trade your fiat currency for cryptocurrency.
There is no one-size-fits-all approach to choosing a crypto exchange. You’ll need to find a platform that suits your objectives. For example, you might be searching for a specific digital asset like Dogecoin, or you may want complete anonymity when you trade.
ATMs in Japan set to offer XRP via Money Tap
SBI Holdings, a partner and shareholder of Ripple, announced plans in mid-June that Japanese ATMs will soon start offering XRP tokens. The aim is to make XRP more accessible to crypto enthusiasts. Ripple’s money feature ‘Money Tap’ allows users to scan QR codes to send and receive XRP tokens from their Android and Apple smartphones.
Should I Invest in Ripple UK?
If you bought XRP tokens at the time of its launch you would be looking at an approximate return on investment of 17,630.27%. That’s impressive, but it’s mediocre compared to the broader crypto market. For instance, since its inception in 2015 Ethereum has returned over 85,000%. Yet that’s still relatively small considering some of the other altcoins such as Dogecoin.
While XRP has many positives, some market analysts advise against putting all your eggs in one Ripple-clad basket. Let’s examine why Ripple is a speculative investment at the best of times.
What is XRP?
RippleNet is a payment solutions platform allowing users to buy and sell XRP tokens over a public ledger. It’s become so popular that heaps of financial institutions including the Bank of America and American Express now use XRP to facilitate transactions.
Just last month, Ripple reached a deal with SBI Remit, Japan’s leading money transfer service provider, to facilitate international transactions using XRP. But why is XRP so good at facilitating credit card, e-wallet, and money orders? XRP transactions take around five seconds and on average cost 0.0001 XRP, with very low energy consumption. This makes it difficult for other payment processors to compete.
If you compare its fee structure to that of Bitcoin, the difference becomes obvious. BTC transactions cost around $40, take 60 minutes to go through, and use 250 kWh of energy. Just to put that into perspective for you, a refrigerator uses that much electricity in one year.
What about the downsides?
Because the supply of cryptocurrencies is fixed they need regular cash inflows to maintain and increase their value. XRP’s ability to facilitate big institutional capital flows, which can amount to tens of billions of dollars in a single transaction, is one area where it falls short.
The reason for this is straightforward: Ripple is up against fierce competition from the Society for Worldwide Interbank Financial Telecommunications (SWIFT). SWIFT is used for international payments by over 11,000 financial institutions in more than 200 countries, such as major global banks, treasuries like the US Federal Reserve, and sovereign wealth funds. This equates to around four billion bank accounts.
SWIFT’s main aim is to make money transactions accessible to everyone worldwide. Looking back to 2019, it typically took between 30 minutes and 24 hours for Swift to execute half of its transactions. Just last month, the company introduced SWIFT Go reducing transaction times to a few seconds and boosting security. Additionally, improved transparency means that it can better comply with global regulations. Major banks including Societe Generale have approved of the update.
Is there a potential merger between SWIFT and XRP? In 2019, Ripple’s CEO Brad Garlinghouse described SWIFT as a sluggish and costly payment network. SWIFT responded by launching a proprietary blockchain network. So, it’s highly unlikely that we will see some kind of partnership between the two companies any time soon.
As of November 2021, Ripple is looking to launch the “Liquidity Hub”, a product that allows financial services firms to offer their customers access to cryptocurrencies. Amidst the lawsuit, Ripple still continue to progress onwards and develop their place in the crypto space.
Why invest in Ripple?
It is almost certain that commercial banks will carry on using SWIFT rather than RippleNet. Firstly, Ripple is dealing with a lawsuit from the US SEC (Securities and Exchange Commission) over charges that Ripple sold XRP tokens as unregistered assets in the fourth quarter of 2020. With tensions boiling over, most retail and institutional investors will steer clear. Furthermore, SWIFT’s prestige will continue to draw in financial institutions. All in all, XRP is a good crypto asset to invest in on the dip.
Currently, the market XRP price is $1.17. Ripple has a 24-hour trading volume of $4,752,146,161, and a market capitalization of $55,173,985,428.
What are the Risks of Investing in Ripple UK?
The UK’s Financial Conduct Authority has issued warnings about the risks when you invest in cryptocurrencies. These include:
- Investor protections – Some cryptocurrency investments that advertise high potential returns may not be subject to anti-money laundering regulations.
- Market volatility – frequent price volatility combined with the inherent challenges of valuing digital assets accurately, puts retail investors at high risks of significant losses.
- Complexity – some cryptocurrencies are highly complex making it difficult for beginner traders to understand the inherent risks. There are no guarantees that cryptocurrencies can be converted back into fiat money. Exchanging crypto-to-fiat pairs depends on demand and supply levels.
- The crypto market is highly volatile – The crypto market is notoriously volatile at the best of times, especially as it is not monitored and managed by centralized institutions like banks and governments that can adjust interest rates and inflation to try and stabilize the financial markets. Crypto markets are decentralized and therefore are vulnerable to dramatic shifts in investor sentiment. To demonstrate this point, on the 18th of May 2021 the price of XRP was $1.64, then just two days later Ripple’s market value dropped to $0.94 on May 20th, following the crypto market crash on May 19th. This represents a drop of -42.6829% within the space of 48 hours.
- Commissions and fees – retail investors need to assess the effect of fees and commissions on their overall investment which can be greater than those for regulated tradable assets.
- Regulations – Bitcoin and other popular altcoins remain unregulated, but why? The issue with regulating cryptocurrencies is that they run on a peer-to-peer network. Albeit government authorities have been able to regulate venues including Pirate Bay, but there is such an array of digital currencies. The key difference is that crypto transactions can be executed via exchanges or direct payments using a cryptocurrency wallet.
How Much Does it Cost to Invest in XRP UK?
While the overall cost of buying Ripple in the UK depends on the exchange or broker you choose, there are several main costs you need to keep in mind.
- Deposit and withdrawal fees – The most common fee incurred when investing in Ripple is a deposit fee. Deposits made using a debit card are typically the most expensive with most platforms charging 2-5% per transaction. On the other hand, eToro charges a 0.5% conversion fee to deposit in GBP as it does not charge a deposit fee.
- Commission – Crypto exchanges and online brokers often use commission as compensation for offering their services. The amount of commission depends on the service provider. For example, Coinbase charges a standard commission of 1.49% per side. In comparison, the only trading fees charged by eToro are market spreads – with the typical spread for XRP being 2.45%, and 0.75% for Bitcoin.
- Selling – You will also be charged a commission if you want to sell your Ripple investment. For instance, if you cash out your XRP funds at Coinbase you will pay a commission of 1.49%.
How to Invest in Ripple UK – Conclusion
This beginner’s guide has covered everything you need to know about investing in Ripple in the UK. We’ve explored the best cryptocurrency exchanges and online brokers to buy and sell XRP right now from the comfort of your own home.
If you’re looking to gain exposure to the volatile and highly liquid crypto markets then eToro is our top recommendation. This FCA-regulated broker allows you to invest in XRP with as little as $25 with the click of a button. You can also use its copy trading features to participate in the crypto market passively. So, to invest in XRP right now simply follow the link below and open an eToro trading account today!
FAQs
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