How To Buy Ripple In India: Guide To Buying XRP In Indian Cryptocurrency Market | City & Business | Finances
2. Set up an account with a Ripple exchange
Ripple.com offers a list of reputable crypto exchanges, although users in India may have to pay an additional fee for using foreign services.
Popular cryptocurrency exchanges that enable Ripple trading in India include Koinex and BTCxIndia.
India’s leading crypto exchange Zebpay doesn’t yet support XRP but is expected to add Ripple in the near future.
Steps vary between platforms and verification can take a few days, but creating an Exchange account always requires a valid email address, phone number, and full name.
Once your account is set up, you can deposit funds and start trading.
3. Deposit funds into your account
Some Ripple exchanges allow you to buy XRP using Indian rupees (INR), while others ask you to buy bitcoin first.
The process is relatively straightforward in both cases. Just follow the instructions of your chosen Ripple exchange.
4. Get the trade
Once you’ve added funds, it’s time to take your first steps in the market.
The main principle of crypto trading is that you use one currency to buy another.
When you have deposited INR 6,000, you need to choose the right market to trade – in this case, XRP / INR.
Once you’ve selected the right market, you’ll need to place an order for the amount of XRP you want to buy.
Ripple prides itself on its speed, so XRP transactions should be almost instant.
Click here to find out how to buy XRP tokens in the UK.