The native coin of the Ripple payments network, XRP, has gained significant traction as the fourth largest cryptocurrency by market capitalisation in recent years. Its use cases as a bridge currency for cross-border payment transactions and partnerships with banks, remittance services, and other companies have fueled its rise. Its value can fluctuate significantly, but it remains a safe investment for those looking to make short or long-term gains.

How to buy xrp uk

There are several ways to purchase and hold XRP in the UK, but it’s best to do your research and pick an exchange that offers a user-friendly interface. For instance, Coinbase has a good reputation for its simple interface and is FCA regulated in the US and UK (just to be on the safe side). You can also opt for eToro, which offers a social trading platform where you can copy trades of other investors – ideal for newbies.

Alternatively, you can try Kraken or MEXC, which offer a more advanced trading experience for seasoned traders. MEXC is especially known for its competitive futures trading fees. Once you’ve chosen an exchange, create an account and link a wallet. Once your account is funded, navigate to the XRP pairing and enter the amount you wish to purchase. Always double-check your entry to avoid wasting any XRP!

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Remember that cryptos are volatile investments, so it’s a good idea to only invest what you can afford to lose. And never leave your coins on an exchange – this puts them at risk of theft or even the exchange going bust. Store your cryptocurrencies in a wallet that you own and control, such as a hardware or online wallet, so you’re protected against any losses.