Ripples XRP is one of the top 10 cryptocurrencies by market capitalisation. You can buy XRP on many cryptocurrency exchanges. In this article, we show step-by-step instructions on how to buy XRP on Kraken.
A brief overview of how to buy XRP on Kraken
Step 1: KRAKEN account
Go to the KRAKEN website and click on Create an account. At this point Kraken will send you an email to verify your account. Activate your Kraken account by clicking on the link in the email to copy and paste your activation key.
Step 2: Verify your KRAKEN account
In order to securely make the bank deposits required to purchase XRP, Kraken requires customer verification again. Basic customer identification information such as your name, phone number and address is required.
Step 3: Funding your account
Once you have verified your account, click on the deposit option to start depositing funds. There are various ways to pay for your deposit, such as high SEPA bank transfers, international wire transfers and domestic Canadian wire transfers are all available.
Step 4: Purchase XRP on Kraken
Click on “New Order” to start buying XRP and select the currency pair that matches the fiat currency of your deposit. The digital currency pair you choose determines which currencies are bought and sold. For example, if you choose XRP/USD, clicking ‘Buy’ means you buy XRP and sell USD.
If you don’t understand how to buy XRP at this point you can click on the link to the video tutorial: How to buy XRP on Kraken (video tutorial)
Why buy Ripple at Kraken?
Kraken has now become one of the mainstays for investing in cryptocurrencies. Although we have now grown to offer over 150 cryptocurrencies, we are still one of the best places to buy XRP.
Buying XRP at Kraken offers the following advantages.
Simplicity: Kraken’s desktop and mobile solutions make it easy for you to trade cryptocurrencies.
Security: Kraken’s strict security standards are designed to keep your cryptocurrency safe.
Service: Kraken’s customer support team provides dedicated customer service 24/7/365.
With offices in San Francisco, New York, London, Mumbai, Singapore and Sydney and over 200 customers worldwide, Ripple is poised to become the global king of international transactions in the future and buying XRP in 2023 would be a good investment.
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