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Coinbase Brian Armstrong to hold Meeting with House Democrats

By
Paul Ugbede Godwin
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0

Coinbase CEO Brian Armstrong is scheduled to meet with several members of the House Democratic Caucus on Wednesday, according to a report by Politico. The meeting comes amid growing regulatory scrutiny of the cryptocurrency industry and Coinbase’s recent clash with the Securities and Exchange Commission (SEC) over its proposed lending product.

Armstrong, who has been vocal about his frustration with the lack of clarity and innovation-friendly policies in the U.S. crypto regulation, will likely use the opportunity to advocate for a more balanced and supportive approach from lawmakers and regulators. He will also likely face questions and concerns from some of the lawmakers, who may be wary of the risks and challenges posed by the rapidly evolving crypto space.

Coinbase, the largest U.S. crypto exchange by market capitalization, has been at the center of several regulatory disputes in recent months. In September, Armstrong publicly criticized the SEC for threatening to sue Coinbase if it launched its Lend program, which would allow users to earn interest on their crypto holdings. Armstrong accused the SEC of engaging in “sketchy behavior” and creating an “unfair market” for crypto innovation.

Coinbase later announced that it would delay the launch of Lend indefinitely and cooperate with the SEC’s investigation. However, the company also filed a legal complaint against the SEC, seeking to obtain documents and information related to the agency’s decision-making process and communications with other crypto platforms that offer similar products.

Coinbase has also faced pushback from other regulators, such as the Commodity Futures Trading Commission (CFTC), which fined Coinbase $6.5 million in March for allegedly reporting false or misleading information about its trading volume and liquidity. Additionally, Coinbase has been sued by several customers who claim that the company mishandled their personal data and failed to protect them from hackers and fraudsters.

Despite these challenges, Coinbase remains one of the most influential and successful companies in the crypto industry, with over 68 million verified users and a market value of about $65 billion as of Tuesday. The company went public in April through a direct listing on Nasdaq, marking a historic milestone for the crypto sector.

Coinbase is committed to fostering a healthy and transparent ecosystem for the crypto industry. We believe that regulation is necessary to protect consumers, investors, and innovators, and to ensure the long-term viability of this emerging technology.

However, we also recognize that regulation is not a one-size-fits-all solution. Different types of crypto assets and activities may require different approaches and frameworks. That is why we advocate for a principles-based and risk-based approach to regulation, rather than a prescriptive and rigid one.

We believe that regulators should focus on the outcomes and objectives they want to achieve, rather than on the specific means and methods. This would allow for more flexibility and innovation, while still ensuring a high level of consumer protection and market integrity.

We also believe that regulators should take into account the inherent differences and risks of various crypto assets and activities, rather than applying the same rules across the board. This would avoid creating unnecessary barriers and costs for low-risk or beneficial use cases, such as stablecoins, DeFi, or NFTs.

We welcome the opportunity to engage with regulators and policymakers around the world to share our insights and perspectives on the crypto industry. We believe that through constructive dialogue and collaboration, we can create a regulatory environment that supports the growth and development of the crypto economy, while safeguarding the interests of all stakeholders.

Armstrong’s meeting with the House Democrats could be a chance for him to build bridges and foster dialogue with some of the key policymakers who will shape the future of crypto regulation in the U.S. It could also be an opportunity for him to showcase Coinbase’s vision and values, as well as its contributions to the economy and society.

However, Armstrong may also face some skepticism and resistance from some of the lawmakers, who may have different views and priorities regarding crypto regulation. Some of them may be more inclined to support stricter rules and oversight to protect consumers, investors, and financial stability from the potential harms and abuses of crypto activities. Others may be more sympathetic to Armstrong’s call for more clarity and flexibility but may also have questions and suggestions on how to balance innovation and regulation in a responsible and sustainable way.

The Wealth of firms is in the People of the Firms

By
Ndubuisi Ekekwe
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0

Companies exist to fix frictions in markets. To do that, they must mobilize factors of production to create products and services. When you examine the whole constellation of that translation of organizing, combining and recombining those factors to make products, you see three things: people, processes and tools. The People are the heart of every firm. They are the central nervous system of any operating entity, making it possible for the neurons and synapses of markets to operate effectively. The wealth of firms is in the People of the firms.

In the next few hours, one of the finest minds in this industry of discovering, nurturing, and uplifting the human capital to execute business missions will be at Tekedia Mini-MBA. Ijeoma Anunibe, PHRi, SHRM-SCP, ACIPM is the Head of People at Shuttlers, an innovative transportation startup.

IJ will teach on “Building Agile Workforce in Companies”. It would be an academic excursion from an industry leader with certifications in the critical domains of human resources management and administration.

Zoom link in the Board

Safaricom to Launch Satellite Internet in Kenya, Set to Rival Elon Musk Starlink

By
Ojukwu Emmanuel
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0

Kenya’s leading communications provider, Safaricom has announced plans to launch satellite internet in Kenya in the second half of 2023, as it is set to rival Elon Musk Starlink.

The company has partnered with AST spaceMobile to scale up its satellite, which is coming when Elon Musk’s Starlink has gone live with a similar offering in the East African country.

AST SpaceMobile has signed agreements with Vodafone Group PIc, Safaricom’s parent company. This collaboration will enable Safaricom to leverage AST SpaceMobile’s technology and infrastructure to offer reliable satellite-based connectivity to its customers in Kenya.

After Safaricom’s successful completion of trial, AST SpaceMobile will scale up their satellite deployments in partnership with Vodacom to provide ubiquitous communications to 4G devices across Africa and beyond.

In the partnership between Safaricom and AST SpaceMobile, revenue will be shared on a 50/50 basis. The agreement also includes a commitment to maintain market exclusivity to ensure the success of the collaboration.

This strategic alliance between both companies, demonstrates the shared vision of expanding access to reliable and high-speed Internet connectivity throughout Kenya and other African markets.

Also, Elon Musk’s expansion into the Kenyan market is part of Starlink’s mission to provide internet access to remote and underserved areas around the world.

The company announced on its website that it is targeting service in areas such as the capital Nairobi, Kisumu, Mombasa, and Nakuru. At the moment, Kenyans can order the starlink hardware for a total cost of KES90,825.93.

The move to venture into Kenya comes at a time when the demand for high internet speed for streaming, video calls, and online gaming is on the rise due to digitization and expensive data charges.

The company uses satellites to provide broadband internet across the globe, much like the global positioning system (GPS) provides location data to cell phones around the planet.

With the launch of Starlink in Kenya, customers can expect a reliable and affordable internet service that will help bridge the digital divide in the country.

The current Internet service providers in the country, mainly offer connectivity via fibre optic cables, over Wi-Fi and cellular networks. Star link on the other hand, delivers internet from satellites. Albeit pricey, which might see other users in the country opt for other cheaper satellite providers, Starlink’s speed is something to die for.

Notably, Starlink’s will no doubt be faced with stiff competition from some top internet service providers (ISPs) in the East African country like Telkom, Airtel, Safaricom, Zuku, Faiba, and others who mainly offer internet connectivity through fibre optics.

It is worth noting that Safaricom, has reportedly spent billions of shillings over the past five years on building its fixed-data network to connect homes, amid growth for online streaming services like Netflix.

With the range of satellite Internet connections in Kenya, it has the potential to shake up the traditional telecoms services, which are based on infrastructure that has left many areas without coverage, especially in rural parts of the country.

Nigeria Cannot Afford Full Removal of Fuel Subsidy in a World Where Nations Subsidize Energy

By
Ndubuisi Ekekwe
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1

According to AO Lawal’s Economics textbook, companies consider the availability of factors of production before they would locate their operations. In that secondary school textbook, there was a section he called “Location and Localization of Industries”.

In Nigeria today, ENERGY is one of the key components of production, and without energy, you have no economy. In Germany, industrial output is fading because cheap energy from Russia has gone. But Germany will be back – they will find a way to subsidize energy for their industries.

Nigeria, by removing fuel subsidy, instead of fixing the corruption which makes production-oriented fuel subsidy ineffective, will trigger an avalanche of degraded production output that will decimate the economy. It is not a smart policy to think markets will pay the full cost of energy when EVERY productive nation in the world subsidies energy, including US, Japan, China and everyone!

Our problem is not fuel subsidy; our problem is the corruption in fuel subsidy which makes fuel subsidy look bad. Yes, open borders, fake invoicing, etc are not due to fuel subsidies; those are weaknesses in governance. Fix them and give manufacturers in Nigeria the opportunities to compete because at N617 per litre, the only option is closure, since there is no national grid-anchored electricity in our generator economy!

Petroleum pump price rose to N617 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPCL) in Abuja on Tuesday.

The development comes months after the oil company approved an upward review in the pump price of petroleum nationwide.

President Bola Tinubu had, in his inaugural address on 29 May, announced the removal of fuel subsidy.

Following the announcement, the Nigerian National Petroleum Company Limited (NNPCL) directed its outlets nationwide to sell fuel between N480 and N570 per litre, an almost 200 per cent increase from the initial price below N200.

The hike immediately triggered an increase in transportation fares and prices of goods and services by various percentages.

Comment on Feed

Comment 1: It doesn’t matter how many times and how succinctly put this explanation is, you will still find a good number of us who would argue otherwise. Many of these ‘great thinkers’ carry emblems of academic or professional achievements, including in areas that are heavily steeped in finance & economics. So it’s little wonder how these really strange ideas make it to official policy positions.

The only sad thing about governance and policymaking to be more specific, is that the outcome often tends to present in the form of lagging indicators, which then provides the architects of the policy enough legroom for plausible deniability: “yes, I agree that things are so bad but our policy would have turned this country to heaven on earth by now…if it wasn’t for that time 16 years ago that so so and so party killed one live cow per day”.

So here we are. Sidon look.

Organizations and business leaders have their work cut out of them. Strategy upon strategy; risk model upon risk model. We go explain tire

My Response: Go to any high rise in Marina Lagos, watch how many ships are coming to Nigeria; all are fully loaded. Then watch those leaving Nigeria, most are empty. What does that tell us? Companies prefer to make outside and sell to us. That is why you have no Michelin, etc; we continue to use most of those products even though they do not exist in Nigeria.

Transcorp acquired a wine concentrate making company (Terragro) around  2014 from Benue state. After some months, it shut it down. Why? You can spend $70 (all costs including S+H)  and import from South Africa what you can make in Benue at $100.

Key issue there: energy.

Let us continue to have the debate in the nation. But I want to see any person cite any productive economy which does not subsidize energy.

Comment 3: Professor, it is now very bad. Aside the cost of the fuel, the quality of those PMS are zero. Some friends of mine now leave their car behind since driving from Ikeja to Ajah now cost 80,000 naira from Monday to Friday. My car run on 2.4L engine yet I have accounted for 60k naira fuel for 2 kilometers journey per day.

This afternoon, a litre was sold for 568 naira in Mobil while others sold at 617 naira. By implications of this, many SME business will fade and corporates will reduce staff headcount to remain conservative and fiduciary practice. 10 companies close up in Ibadan last week and many more will happen nationwide this week.

Removing subsidy and floating the Naira same time was nothing but pure illiteracy towards an importing based nation.

Indeed, there was a country.

My Response: Great comment but LIKING it would make it seem we are happy on the things noted. But I am confident that our leaders have foot soldiers who are collecting data. They need to open plan B because if we lose most of those small SMEs, Nigeria will struggle at scale.

Comment 4: Ruling Nigeria will never be a tea party. Nigeria needs a plan for her energy sector. Subsidy might not look like a good option to the government of the day owing to paucity of funds but people are really suffering. I still maintain that Gas remains our best way out of this problem. The federal and State governments’ need to engage with the private sector. Probably give an incentive to companies that wants to change their source of energy to gas. Their should also be incentive to companies on the supply side, that is those putting infrastructure in place for people to be able to use gas for transport, manufacturing and cooking. Doing anything that would be only convenient to one side is asking for trouble. We need to support production and find ways of alleviating the suffering of many Nigerians’

How to Buy XRP (Ripple) – Beginner’s Guide

By
TI Partners
-
0

Are you interested in buying Ripple XRP, but not too sure where to begin? You’re not alone. This digital coin is a hugely popular cryptocurrency to buy, the world over. But, for beginners, this can be quite intimidating.

XRP is the native digital currency of the Ripple blockchain – which allows banks to transfer funds on a cross-border basis in a low-cost and fast manner.

If you’re wondering how to buy XRP today for your cryptocurrency portfolio – this guide will explain how to complete the process in less than five minutes with a regulated broker.

How To Buy Ripple (XRP) – Quick Guide

If you’re looking to buy XRP right now in the fastest and cheapest way possible – the step-by-step guide will walk you through the process with the highly-respected broker, eToro.

  • Step 1: Open a crypto account– Head to eToro’s website and click join now to open a new account.
  • Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
  • Step 3: Deposit – Fund your new eToro account with a minimum of $10.
  • Step 4: Search for Ripple on eToro – Search for XRP or Ripple in the eToro crypto market.
  • Step 5: Buy XRP – Enter the amount of the worth of Ripple you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in XRP in less than 5 minutes.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

If you’re looking to invest in cryptocurrency in 2023, you’ll need to pick a trusted crypto broker or exchange that suits your trading style and financial needs.

Where to Buy XRP

The best crypto exchanges in this space allow you to buy XRP safely and in a low-cost way. Moreover, your chosen exchange should also support your preferred payment method – such as a debit/credit card or ACH.

If you’re still wondering where to buy XRP for your personal requirements – consider the pre-vetted platforms reviewed below.

List of the best Exchanges to buy Ripple XRP in the USA:

Looking where to buy Ripple XRP in the USA right now? Below you will find 4 of the best brokers that allow you to buy XRP in the USA.

  • eToro – Overall The Best Place to Buy XRP
  • Crypto – Best exchange to buy Ripple XRP USA for asset diversity
  • Binance – Best exchange to buy XRP Ripple for beginners
  • Coinbase – Best broker to buy Ripple (XRP) USA for low-cost

1. eToro – Overall best place to buy XRP for 2023

Our recommended platform when it comes to buying XRP is eToro. This Platform is a popular online broker that is authorized and regulated by the SEC.

In addition to FINRA membership, the platform is also licensed by bodies in Cyprus, the UK, and Australia. The eToro website is very simple to use and you can open a crypto account in less than five minutes. In doing so, you will be able to buy XRP on a spread-only basis.

In simple terms, this means that the only fee that you need to pay is the gap between the buy and sell price of XRP. Moreover, as a US client depositing funds in USD, you won’t need to pay any transaction fees on any of the payment methods supported by eToro. This includes everything from debit/credit cards and domestic bank wires to Paypal and ACH. In terms of account minimums, you only need to deposit $10 at eToro to get started.

Once you have completed your XRP purchase, you might then consider buying a number of other promising cryptocurrencies. Some examples of supported tokens include Bitcoin, Dogecoin, Cardano, Shiba Inu, EOS, AAVE, Decentraland, and The Graph. Alternatively, you can also invest in a diversified basket of digital assets via the eToro CryptoPortoflio. In a nutshell, this is a pre-made portfolio that is managed and rebalanced by the eToro team – so you will be investing passively.

Additionally, the copy trading feature is another passive investment tool that allows you to inject capital with a successful eToro user. Anything that your chosen trader subsequently goes on to invest in will be mirrored in your own account.

When it comes to storing your XRP tokens, eToro offers one of the best crypto wallets in the market – which can be downloaded as a mobile app for iOS and Android smartphones. Finally, in addition to cryptocurrencies, eToro also supports stocks, forex, ETFs, indices, and more.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Crypto.com – Best exchange to buy Ripple XRP USA for asset diversity

Crypto.com offers a user-friendly way to buy XRP from the comfort of home. You can complete your purchase after opening an account and uploading some ID. While some users prefer to use the Crypto.com website to buy and sell digital currencies, the provider also offers a popular mobile app for iOS and Android. Either way, when you buy XRP at Crypto.com – the fastest payment method is to opt for a debit card.

This will allow you to purchase your chosen number of tokens instantly, albeit, the standard fee for debit card transactions at Crypto.com is 2.99%. The good news, however, is that for the first 30 days after opening your account, this fee is waived. When it comes to commissions, Crypto.com charges a standard rate of 0.4% per slide. You can, however, reduce your commission by trading higher volumes or holding the platform’s native token – CRO.

Once you have invested in XRP, you might then consider checking out the 250+ other supported tokens on the Crypto.com platform. Moreover, the platform offers a range of other crypto-centric services, such as the ability to earn interest on your investments. There are no lock-up periods to benefit from an interest-earning account and APY rates will vary depending on the respective token. However earning interest on XRP is not currently supported.

Finally, Crypto.com also offers its own debit card that allows you to spend your crypto in the real world.

3. Binance – Best exchange to buy XRP Ripple for beginners

Binance is by far the most popular exchange in the cryptocurrency trading arena, with volumes that often surpass $10 billion per day. Moreover, the exchange is home to over 100 million trading accounts. In order to buy XRP at Binance, you can either deposit funds with dollars or crypto. The latter, however, offers the cheapest way to access XRP, not least because you will only pay a commission of 0.10% per slide.

If opting for a debit or credit card payment, the specific fee will depend on your location. For instance, those in the US will pay 4.5% of the transaction amount – which is expensive. Banking options – such as ACH and wires, are fee-free, but it can take several days for the funds to land in your Binance account. Nevertheless, once you have bought XRP, the tokens will then be placed in your Binance web wallet.

The web XRP wallet offers a range of security tools, such as two-factor authentication, device whitelisting, and cold storage. Furthermore, Binance also has a Safe Asset Fund for Users (SAFU), which is an insurance policy to help compensate traders in the event of a hack. Alternatively, Binance also offers a non-custodial storage facility in the form of the Trust Wallet, which can be downloaded free of charge on both iOS and Android devices.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Ways of Buying XRP

We have covered a lot in this How to buy XRP guide. However, there are other ways in which you can buy this best crypto. Check out the list below for inspiration!

 

 

Buy XRP With Credit Card or Debit Card

Buying XRP, one of the top crypto assets, from the comfort of your home can be achieved in less than five minutes when using a credit/debit card.

All you need to do is quickly register an account with a low-cost broker like Bitstamp, enter your card details, and that’s it – your XRP tokens will be added to your portfolio instantly.

With that being said, the average fee on credit/debit card payments in the crypto space is between 3-5% – so it’s important that you do your homework before opening an account. For instance, at Crypto.com and Binance – you will be charged 2.99% and 4.5% respectively.

Buy XRP With Paypal

Some cryptocurrency brokers will also allow you to deposit and withdraw US dollars via your Paypal account.

If you do decide to buy XRP with Paypal, you will benefit from an extra layer of security – insofar as you will not be required to enter your credit/debit card details directly.

In terms of where to buy XRP with Paypal, eToro allows you to do this on a fee-free basis. Once again, this is on the proviso that your Paypal account is funded in USD. Otherwise, you will pay a fee of 0.5%.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Buy XRP With Neteller or Skrill

If you hold funds in an alternative e-wallet, eToro also allows you to buy XRP with Neteller and Skrill. Alternatively, you might even consider depositing funds via WebMoney. Either way, no fees apply for USD deposits and the transaction will be processed instantly

Choosing an XRP Wallet

When it comes to wallets, XRP works differently from virtually all other cryptocurrencies. This is because Ripple requires you to allocate 20 XRP as a reserve. That is to say, if you wish the wallet to remain active, you cannot withdraw this 20 XRP.

Based on a price of $0.60 per XRP as of writing, this amounts to just under $17. \And of course, when XRP peaked at $3.40 – this would require a total lock-up of $68.

As a result, this will not be suitable for people that wish to invest a small amount of money into XRP. The good news is that if you buy XRP from the SEC-regulated broker eToro, this 20 XRP minimum is not required.

This is because as soon as you make your purchase – which requires a minimum investment of just $10, the XRP tokens will be added to your eToro web wallet. The tokens will remain there safely until you are ready to cash out.

Once you have learned how to buy Ripple’s XRP tokens and where to complete your order – the final thing to consider is storage. After all, XRP tokens are stored in crypto wallets.

There is plenty of choice in this way, as crypto wallets can come via a mobile app, desktop software, or a hardware device. Each crypto asset wallet will offer a certain blend of security and convenience.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The Cheapest Place To Buy Ripple (XRP)

eToro is the cheapest place to buy Ripple on our list. You can deposit funds and pay $0 in deposit fees. This way, you can deposit $100 and buy more XRPs. Aside from eToro, the other cheapest places to buy Ripple (XRP) are Bittrex (affordable and operates in most countries).

Changelly (affordable and allows users to buy XRP and other coins with fiat and cryptocurrencies). And Cex.io is another affordable exchange that charges 0.05% to 0.10% on cryptocurrency transactions on its platform).

How To Buy XRP – Tutorial

This guide has so far covered the following topics:

  • Where to buy XRP tokens
  • The best ways to buy Ripple online
  • And how to safely store your XRP tokens

To conclude, we can now walk you through the simple questions and answers on buying XRP.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The Safest Exchange to Buy Ripple (XRP)

The safest place to buy Ripple (XRP) from our list is through eToro. We chose eToro for longevity, regulation, and its prioritizing of KYC and AML rules while providing two-factor authentication (2FA) for all users.

Additionally, Binance, Kraken, Huobi Global, Changelly, CoinMama, and Uphold are also safe platforms. This can be attributed to the upgrades made to their respective security systems and explains why they haven’t been mired in any cybersecurity problems.

The Easiest Platform to Buy Ripple (XRP)

The easiest place to buy Ripple is eToro. Depending on how cooperative you are as a client, you can sign up for an account and go through the registration process in less than 10 mins. Once you are fully verified, you can enjoy the full products offered by the exchange.

Some of the easiest platforms to buy Ripple (XRP) are through Kraken, CoinMama, Binance, Change NOW, BTCBIT, and Xcoins. They have a great verification process as well as a huge range of cryptocurrencies for pairing.

The Fastest Way to Buy Ripple (XRP)

Once an exchange can be accessed through a website, an iOS as well as an Android device and accepts payments via debit/credit cards or direct crypto deposits, they fall under the fastest ways to buy Ripple.

Due to this, we can say Binance, eToro, and Huobi Global are the fastest ways to buy Ripple (XRP) especially in a situation where you can get more coins as a result of a bearish outlook of the market.

How Do I Buy Ripple (XRP) Near Me?

Ripple XRP ATMs are popping up across the United States and other countries globally. The easiest way to buy Ripple XRP is through XRP ATMs.

At the time of writing, you can buy XRP at more than 3,000 ATMs worldwide. You can locate the ATMs at Ripple XRP ATM and XRP ARCADE.

Note that certain ATMs require some form of identification. Before selecting a particular ATM, go through a guide to gain extensive knowledge about what it requires before risking your money.

Best Ways to Buy Ripple (XRP) Anonymously

The best ways to buy Ripple (XRP) anonymously are through ATMs and certain exchanges.

Therefore, XRP ATMs that do not require any form of identification and Bit2Me Exchange which has a range of payment methods that includes CASH are the best ways to buy Ripple (XRP) anonymously.

Best Ways to Buy Ripple (XRP) With PayPal

eToro and Eightcap Exchange are the best ways to buy Ripple XRP with PayPal. Since PayPal has clamped down on false accounts through the introduction of an extensive verification system, PayPal may probably be the best way to buy XRP you can find on the market.

Best Place to Buy Ripple (XRP) With a Credit/Debit Card

There are several best places to buy Ripple (XRP) with a credit/debit card. As per our research, we were able to identity eToro, Binance, CEX.io, CoinMama, Paybis, BitStamp, Uphold, Kraken, Change NOW, Payeer, and BitBay are the best places to buy XRP with a credit/debit card.

Best Ways to Buy Ripple (XRP) With Your Bank Account

According to our research, there are many best places to buy Ripple (XRP) through bank wire. Among others that we settled on based on quality, regulation, customer service, and ease of use, Paybis, Coinhouse, Bit2Me, and eToro are the best ways to buy XRP with your bank account.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How To Trade XRP In The USA – A Step by Step Guide

If you plan to make a short-term investment in Ripple and profit from its price fluctuations, below, we will provide you with a complete guide about trading XRP in the US.

1. Find an Online Trading Platform that Supports XRP

Selecting the right brokerage platform is one of the essential parts of the process. As long as you are going to speculate on small price fluctuations, you will need to open and close positions quickly. To manage it effectively, you need a brokerage platform that operates fast and charges lower transaction fees. To help you get started, you can find the best brokers to trade XRP in the US in our list of brokers.

2. Fund Your Account

Now, it’s time to open an online account on the brokerage platform you have chosen and verify it to be allowed to trade. When you have a verified account, you can transfer funds using one of the payment methods the broker accepts.

3. Develop a Trading Strategy

Another crucial step in trading is to decide how you are going to trade. So, before buying and selling XRP, generate a trading strategy that you think will best suit your plans and trading intentions. There are many active strategies for those who have spare time and can spend it on the research process.

Otherwise, you can also pick up something from passive strategies if you are not free enough to do market research or follow the news. Some trading strategies include scalping, day trading designed mainly for active traders, while swing trading, “buy and hold” strategy, and others are designed for passive traders.

4. Start Trading Ripple (XRP)

Finally, when you have a verified account, deposited money on it, and developed a trading strategy, you can start trading XRP. You can also explore the brokerage platform you have selected to discover what trading tools it offers and use research analyses and other data to help you generate better trades.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Ripple (XRP) Advantages And Disadvantages

As you may already know, cryptocurrency trading always involves high risks, so take your time to understand whether you want to buy XRP right now or not. With that in mind, here are some advantages and disadvantages of Ripple to help you in this process.

Advantages of Ripple:

  • One of the best crypto to explode this year
  • Ripple has some unique ideas to revolutionize the way people make transactions.
  • It does not charge any fees for transactions but a small amount of XRP is burnt for each transaction.
  • Ripple has already partnered with hundreds of banks.
  • XRP is one of the largest cryptocurrencies in terms of market capitalization.
  • XRP is not a pricey coin; so it can be a good investment for beginners.

Disadvantages of Ripple:

  • The lawsuit with the SEC affected Ripple’s value.
  • Ripple has many competitors in the payment system industry.
  • Unlike bitcoin and several other cryptocurrencies, Ripple is a centralized cryptocurrency.

Ripple (XRP) Price Prediction

During this review, we have analyzed different algorithms online that are designed to give cryptocurrency price predictions and forecast various movements for Ripple XRP price prediction. Some of them are more optimistic, while others are rather pessimistic.

For example, Digital Coin Price algorithms provide perhaps the most optimistic predictions about Ripple XRP. According to this website, XRP price will hit $2 in 2025 and it can reach up to $7 in 2030.

According to CoinPriceForecast, Ripple will be traded at $1 in 2023, and it will hit $10 in 2030.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How to Buy XRP – Full Guide

This guide has covered each and every factor that you need to be made aware of before you invest in XRP.

If you’ve made your mind up and wish to learn how to buy Ripple right now with the low-fee trading platform Bitstamp in less than five minutes – follow the detailed step-by-step guide below.

Step 1 – Open a Bitstamp Account

Navigate to eToro’s homepage and click ‘Get Started’. Enter your name and date of birth, then provide a valid email address to create your account.

Step 2 – Verify Account

To gain full use of your eToro account, you will have to verify your identity. To do so, click ‘Personal account verification’ on your profile page and fill in the form required for eToro’s KYC checks. You’ll then be asked to upload proof of ID (e.g. passport) and proof of address (e.g. bank statement) for verification purposes.

Step 3 – Make a Deposit

Once verification is complete, click ‘Deposit’ on your dashboard and Select which currency you wish to deposit, and eToro will provide you with their bank details and a personal message.

You will then have to manually transfer the money from your bank account to these details whilst quoting the personal message in the reference box. Once this has been completed, the funds will be transferred and available in your account in one  business day.

Step 4 – Buy XRP

Head over to eToro’s crypto platform and search for XRP. Click ‘Buy’, and an order box will appear on the screen. In this box, choose which order type you’d like to use, enter your position size, and click ‘Buy’ again to facilitate the trade.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Conclusion

We have discussed a whole host of factors when it comes to how to buy Ripple XRP online, so you should feel ready to dive right in.

First, you need a trustworthy and regulated Ripple broker to execute your orders and securely look after your XRP. This is actually a much more convenient option for beginners.

If this project aligns with your long-term investment goals – you can buy XRP right now with low fees by partnering with eToro. The minimum deposit is just $10 in the US and UK, and notably eToro also offers copy trading and social trading features – so you can network with other investors to discuss XRP price predictions and trading strategies.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

FAQs

What is the safest way to buy Ripple?

The safest way to buy Ripple is via a broker that holds a license and is regulated by a respectable body. Some of the most well-known regulatory bodies are ASIC, FCA, and CySEC. eToro is licensed by all three and is also registered with FINRA in the US.

Where can I buy XRP?

If you’re wondering where to buy XRP Ripple in the US, consider using eToro or Crypto platform to benefit from their low-fee pricing model. There is no minimum deposit threshold to invest in XRP from the comfort of home.

How do I buy XRP?

You can buy XRP right now in three simple steps. First, open an account with a regulated broker like eToro. Second, make a deposit. And lastly, search for XRP and enter your investment size. With eToro US users can start with as little as 10 USD.

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