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How to buy Ripple?

The enormous price growth of the past few months and the latest price corrections makes Ripple interesting for investors. Learn here how to buy Ripple

Der Beitrag How to buy Ripple? erschien zuerst auf ETHBLOG.

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The enormous price growth of the past few months and the latest price corrections makes Ripple interesting for investors. Learn here how to buy Ripple (XRP) with Euro or US-Dollar.

In a sense, Ripple can be understood as the “Bitcoin of the banks”. It is massively supported by them to exchange digital values between different currency systems. Ripple also uses a kind of ledger with a decentralized structure, but it is managed by a centralized, profit-oriented organization.

These points lead to the fact that Ripple is seen in the crypto community as the outsider and is treated with suspicion. Above all, the fact that it is centrally organised and supported by banks goes too far for many people.

Nevertheless, it is traded on all common crypto exchanges. We want to show how to buy Ripple, because the value of this currency has risen sharply in recent months and we are constantly being asked for it.

In November 2017, the value of a Ripple (XRP) was only USD 0.2. In January 2018, the price then rose massively to over USD 3 per Ripple. Considerable growth. In terms of market capitalization, it even replaced Ethereum at that time, which was ranked second among cryptocurrencies. At the beginning of 2018 there was then a sharp price correction, which is why many investors are currently thinking of investing at the reduced price.

Ripple price
Price of Ripple. Source: coingecko.com

The fact that Ripple is supported by many large companies and is even in active use there in some cases suggests that the price could rise even further.

There are two different ways to participate in the potential price increase of Ripple: Either via a cryptocurrency and a crypto exchange or via a CFD. The first case is relatively complicated if you don’t have already a cryptocurrency like Bitcoin. The way via CFDs is easier, but has the disadvantage that you only have Ripple virtually. However, the possible profit increases are identical in both cases and can even be leveraged many times by using CFDs.

Trade Ripple with a CFD Broker

To buy Ripple CFDs, first register at any CFD broker who offers these tokens, deposit the desired amount in Euro or US-Dollar and buy the planned amount of Ripple CFDs. A platform that offers Ripple CFDs is Plus500². The CFD Broker offers a very user-friendly platform and does not charge any commissions for trading CFDs. Financing takes place via the Spread, i. e. the difference between the purchase price and the selling price of the contracts.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

If you would like to go even deeper into trading Ethereum CFDs, we have an article for you to read on: How to increase profit with Ethereum CFD?

Buy Ripple via Crypto Exchange

In order to buy Ripple via a crypto exchange, you need an account at one of the providers who trades these tokens. One such provider is the online broker Binance¹. This is a relatively well-known broker.

Basically, only 3 steps are necessary to buy Ripple: open an account at Binance, deposit money in the form of other cryptocurrency like e. g. Bitcoin or Ethereum into your account and then exchange it for the desired amount of Ripple. The Ripples can then be left with the vendor or can be transferred to a separate wallet at a later date. In case you don’t have any cryptocurrencies yet, we will also explain how to buy them.

Step 1: Open an account at Binance

Click on this link¹ to create a new Binance account.

Binance registration

Enter your email address and password and click on “Register”. After a confirmation prompt you have successfully created your personal Binance account. Congratulations!

Step 2: Transfer money to your Binance account

To buy Ripple from your Binance account, you need to deposit crypto money into your Binance account. Unfortunately, online brokers such as Binance do not currently accept Fiat money such as US Dollar or Euro. Instead, you have to go the detour and buy a cryptocurrency like Bitcoin or Ethereum and then deposit it on Binance. If you do not already have another cryptocurrency and the associated wallet.

Buy crypto money

For the purchase of cryptocurrency we recommend the provider Coinbase¹, as it is extremely easy to use due to its online wallet and is one of the most trustworthy providers worldwide. First register at Coinbase and buy the desired amount of Bitcoin (BTC) or Ethereum (ETH) you want to exchange for Ripple.

Considering that the transaction fees at Bitcoin are currently extremely high, we recommend the purchase of Ethereum.

Transfer crypto money to Binance account

After you have successfully completed your registration at Coinbase¹ and purchased the desired amount of Bitcoin (BTC) or Ethereum (ETH) there, you must now charge your Binance account with the purchased Bitcoins (BTC) or Ethers (ETH). You can do that by transferring them from Coinbase to Binance. The following instructions show this procedure as an example for Bitcoin. For Ethereum, this works analogously.

Of course you can also transfer Bitcoins from an offline wallet or another online provider. In these cases, the procedure is always similar to that of Coinbase.

Log in to Binance¹ and click on “Funds” at the top of the page and then “Deposits”.

Binance - Funds

Now you will get a list of all currencies that Binance supports. Choose BTC from the list and press enter. Afterwards a kind of “account number”, the deposit address, is generated for you. To this account you can transfer your Bitcoins from Coinbase to Binance. First copy this address.

BTC Address

Log in to Coinbase and click on “Accounts” and then click on “Send” in the “BTC Wallet” section.

Send BTC

In the “Recipient” field, enter the address you copied from Binance. Then you specify how much of the previously purchased Bitcoins you want to transfer to Binance. Note: Each transfer costs a fee. Therefore, you should make as few transfers as possible. Then click on “Continue”.

Choose BTC ammount

After confirmation, the amount will be transferred to your Binance account. This can take from a few minutes to an hour. You can see if the transfer was successful by clicking on “Funds” in your Binance account and then on “Transaction History”. Under the item “Deposit” your transfer should appear as a new entry after a while.  As soon as this is the case, the transfer is completed and you can now use the Bitcoins to buy Ripple.

Step 3: Buy Ripple

Once you have charged your Binance¹ account with the desired amount of Bitcoins or Ethers, you can finally buy Ripples with them. It’s pretty simple. Log into Binance and click on “Exchange” in the upper left corner and then “Basic”. The user interface for trading in cryptocurrencies appears. A search field appears in the right area. Enter “XRP” there. This is the official registration number of Ripple on the stock exchanges. The pair XRP/BTC appears below. Click on it to select it.

Binance XRP

To buy Ripple with Ethereum instead, make sure that ETH is selected in the upper area (see cursor arrow). In the “Amount” field, enter the amount of Ripple you want to buy for your Bitcoins or Ethereum. The current market price is proposed to you. At this price it is very likely that your purchase will be successful.

Buy Ripple

After you have clicked on “Buy XRP” the order will be executed and shortly afterwards you will be the owner of Ripple. You can check whether the order was successful by clicking on “Orders” in the upper area and then on “Order History”. Your order is displayed here. If the status is set to “Filled”, the order was successfully executed.

You can also see your Ripples in your wallet. To do so, click on “Funds” at the top and then “Deposits”. Then navigate to the wallet “Ripple” and click on it.

Congratulations on your Ripples!

Tip: If you do not make a transaction with Binance for more than one year, fees are due. For this reason, it is advisable to transfer the Ripples to your own wallet within one year. We recommend the free wallet software Rippex.

¹Affiliate link
Note: The content on ethblog.de is for information purposes only and does not constitute investment advice or any other recommendation within the meaning of the Securities Trading Act.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Der Beitrag How to buy Ripple? erschien zuerst auf ETHBLOG.

Source: https://ethblog.de/en/how-to-buy-ripple/

Blockchain

Analysis: ETH Miners Begin Selling as Twitter Sentiment Turns Bearish

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Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop.

ETH Miners Initiate Sell-Offs?

Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have perhaps gained the most from the ongoing decentralized finance craze.

As CryptoPotato reported recently, they made a total of $166 million in fees in September alone. This was a new monthly all-time high and about six times more than Bitcoin miners.

ETH Miners Behavior. Source: Santiment
ETH Miners Behavior. Source: Santiment

As far as their balances go, they began accumulating larger portions precisely at the start of September, as the graph above illustrates. Apart from a few brief drops in their holdings, the trend continued until a few days ago.

However, as ETH’s price surged to a 7-week high of $420, miners changed their minds. The data analytics company Santiment highlighted the massive drop of ETH miners’ holdings.

Interestingly, those sell-offs coincided with ETH’s price peak. Since then, the second-largest digital asset by market cap has lost some steam and currently trades below $400.

Further Losses To Come?

Despite being one of the best-performing assets since the start of the year, Santiment’s data suggested that Ethereum may be heading even further south. Apart from miners disposing of their ETH coins, the analytics company said that the traders FOMO and the increased on-chain activity visible recently have slowed down.

Additionally, the Twitter sentiment has turned against Ethereum. Somewhat expectedly, the sentiment performs in correspondence with the price most times. For example, when ETH dipped to about $300 in September, the metric remained in negative territory for weeks.

Contrary, when ETH started pumping, so did the sentiment. Now, the trend has reversed after a sharp spike. The analytics company concluded that since the crowd sentiment has flipped back into bearish territory, the ETH token could be in for further short-term price declines.

Ethereum Twitter Sentiment. Source: Santiment
Ethereum Twitter Sentiment. Source: Santiment
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Source: https://cryptopotato.com/analysis-eth-miners-begin-selling-as-twitter-sentiment-turns-bearish/

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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[PRESS RELEASE]

Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights.

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom.

meta1

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:

www.meta1.io/META1Contact

About META 1 Coin Trust:

META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

For more information about META 1 Coin Trust, visit: www.meta1.io

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Source: https://cryptopotato.com/meta-1-coin-trust-announces-commission-to-study-global-persecution-of-cryptocurrency-projects/

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Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

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The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency.

The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors.

US Investors’ Growing Interest In Bitcoin

Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it has changed in a year. The expanding interest is among the most notable highlights. Grayscale noted that 36% of all surveyed participants in 2019 expressed an interest in BTC, while the percentage has grown to 55% this year.

83% of those who answered that they have previously bought Bitcoin have made their purchase in the past year. The most significant percentage here was in the past four months – 38%.

Nearly two-thirds of those particular Bitcoin investors reported that “the ramifications of COVID-19 were a factor in their decision to do so.” Furthermore, three times as many investors indicated that the pandemic had increased Bitcoin’s appeal as those reporting that it had decreased their interest in the asset.

US Investors Timeframe of Bitcoin Purchases. Source: Grayscale
US Investors Timeframe of Bitcoin Purchases. Source: Grayscale

The data also suggested that “Bitcoin is moving toward mainstream acceptance,” as 62% of the 1,000 participants said they were familiar with the primary cryptocurrency. For reference, the percentage last year was slightly over 50%.

Bitcoin To The Moon Attracts Investors

Apart from listing the COVID-19 as a motivating factor to purchase Bitcoin, the participants listed two other reasons. Being the best-performing asset of the previous decade, BTC’s potential price growth has become even more alluring to new investors. Nearly 80% named this as their most enticing aspect.

The other reason why most people have become attracted to the asset is the ability to start small. Although many investors outside of the cryptocurrency industry believe that they need to purchase at least one bitcoin to start, that’s far from the trust. As any BTC proponent will assert, people can buy even a small fraction.

65% have answered that having the option to buy less than one bitcoin has made them feel safer towards entering the space. The percentage has grown by 6 points since last year.

US Investors Buying Bitcoin Motivating Factors. Source: Grayscale
US Investors Buying Bitcoin Motivating Factors. Source: Grayscale

Despite all the rising data from above, most people still believe that they need more comprehensive educational materials before investing. They explained that the regular investor couldn’t find trustworthy information on the cryptocurrency space. However, there’s a significant number of reports covering crypto scams.

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Source: https://cryptopotato.com/grayscale-study-covid-19-made-bitcoin-even-more-attractive-to-us-investors/

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