Today, 12/21/2017 marks a historic day for the Crypto Currency Ripple (XRP)! Ripple hit the $1.00 USD mark and went as high as $1.05 in some exchanges. What price to you think Ripple will hit before the new year? please comment below!
Currently Ripple (XRP) has a Market Cap of almost $30 Billion USD. At the time of this posting Ripple was trading for an average of $0.79 cents a coin. (Dec 19, 2017 at 9:00 CST) you can keep track of the latest statistics for Ripple (XRP) here: https://coinmarketprice.com/graph.php?id=XRP
I have tested the following method out and it seems to take about 10-15 minutes for the whole transaction to complete. First you will have to create a Coin Base account. Please use my link here if you do not have a Coin Base account: https://www.coinbase.com/join/53e78911fda86e2e60000006
Once you create your account you will have to connect your bank account and get verified via Coin base. Once you have been verified you will have to decide what Crypto Currency to purchase. Currently you can purchase Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) via Coin Base. Next you will have to open an account with another exchange to buy Ripple (XRP). I currently use the following Exchanges and will share these wioth you now.You can check the current Market price of each of these Crypto Currencies here: https://coinmarketprice.com
You can use the Exchange called Binance. I like Binance becasue they seem to have alot of different coins you can trade in their system. Please sign up with Binance with my referral link. It will be greatly appreciated! https://www.binance.com/?ref=11705616
You can also scan the QR code to create your account.
Once you have your account created you can send over either Ethereum, Bitcoin of Litecoin to your account. once you are in Binance click the Funds link on the top right side and choose Deposits/Withdawls link. Goto which crypto currency you would like to trade and copy the wallet address. Once you have this go back to Coinbase and click on Accounts. Choose the Crypto you would like to send and paste the address in the field. From my experience it takes approx 15 minutes for Ethereum transactions to complete with Binance becasue they run 30 confirmations via the Blockchain. Once you have been confirmed goto the Exchange tab and now you can Buy some Ripple! Please let me know if you have any questions! I hope this helped you out and I will be posting as many Crypo Currencies that I can in the coming weeks.
Also do not forget to join my Ripple (XRP Facebook group found here: https://www.facebook.com/groups/372666109811061/
Below is some more inforamtion on what Ripple is and how it can be used.
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
The network is decentralized and can operate without the Ripple company; it cannot be shut down. Among validators are companies, internet service providers, and the Massachusetts Institute of Technology.
Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that “from banks’ perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin,” including price and security.
As of December 15 2017, the market capitalization of XRP is $31 billion, making it the 3rd largest cryptocurrency in circulation.
If you like any of this information please donate some ETH, LTC or BTC to the following addresses! Any donation would greatly be appreciated!
LTC:LgdTxEC5Gd9pK53np61NzWd1czMCvpkNEt BTC:1LR8V1CFmiauwN1P1kdKoRRPReQPP1VsUS ETH:0x73BDf5cE77D1D8b7892c759482B52320D08BC4Dcf