Crypto is a global payment network designed for banks and other financial service providers. Crypto consists of a separate protocol, a public, distributed, shared database (ledger / blockchain) and the internal cryptocurrency XRP. The crypto protocol allows banks to “secure, instant, and almost free global financial transactions of any size without chargeback.” XRP may or may not be used by banks to use Crypto’s service. The crypto protocol and XRP (also called crypto) are often used simultaneously. But there are two different things. Now visit https://softbuzz.org/ to know it all.
Step 1 – Create Crypto (XRP) Wallet
In the first step, you need a repository for your XRP. Crypto Wallets work much like Bitcoin Wallets. It is important to write the private key (the password of the Crypto Wallet) several times and keep it in a safe place. Better are also several places if you lose the key due to unfavorable circumstances. 20 XRPs must be kept on each crypto wallet as a security stock.
The best and safest way to keep crypto is to use a hardware wallet. Hardware Wallets store your private keys on a specially secured, physical device.
Ledger Nano S is currently the only hardware wallet for Crypto. On the ledger, you can store several cryptocurrencies at the same time, such as Bitcoin, Ethereum, Litecoin, etc. Let our review be added.
Rippex is a desktop wallet for Windows, Mac or Linux.
Exodus Eden is an enhanced version of the popular Desktop Wallet Exodus. Exodus Eden should only be used by experienced users as it is more of an unsupported experiment by Exodus.
Step 2 – Buy crypto on stock exchange or via broker
There are many options to purchase XRP. Trade crypto against Fiat (EUR, USD, CHF, etc.) or against other cryptocurrencies like Bitcoin. In general, it is easier and faster to buy crypto with Bitcoin and / or use a broker instead of a crypto exchange.
Buy Crypto – The easy way
Buy XRP with BTC
- Buy Bitcoin (or Ethereum ) from Coinbase or another broker.
- Transfer Bitcoin (or Ethereum) to the exchange where you can buy XRP with Bitcoin. Changelly (see below) or Shapeshift is the easiest and fastest way to do that.
- Buy XRP with EUR
- Buy XRP directly from Changelly (attention high fees!) By credit card.