DeutschAccording to market capitalization, the cryptocurrency Ripple is one of the top 10 most important cryptocurrencies. Recently, more and more traditional financial institutions around the world have announced collaborations with Ripple Inc. Which is relatively obvious, as the digital currency specializes in cooperation with banks and payment service providers. In addition, well-known companies and people such as Google, Visa and Bill Gates are behind it.
In the meantime, almost all crypto exchanges have listed Ripple (XRP). For example, you can also trade Ripple via Binance, one of the largest crypto exchanges in the world. Although this exchange is also accessible for Switzerland, it requires some in-depth crypto knowledge. That’s why, in this report on “buying Ripple in Switzerland”, we’ll show you some other ways to easily and easily buy and sell Ripple in Switzerland.
What is XRP?
The cryptocurrency of the company Ripple Inc is called XRP and was launched in 2012. This makes the XRP coin one of the oldest cryptocurrencies alongside Bitcoin and Ethereum.
XRP is particularly characterized by its scalability and speed of transfer. Transactions only take a few seconds. A fact that is essential for real applications in payment transactions.
In addition, the transaction costs are only one hundred thousandth of the amount of the coins. Much cheaper than other transaction systems for payments. But what should not be concealed here either: Due to its proximity to the “old” financial and banking system, XRP and the company Ripple are very controversial among some crypto users.
Nevertheless, the cryptocurrency still enjoys great popularity and has been in the top 10 for years.
Buy Ripple Switzerland – this is how You Proceed
Ripple is now supported by almost all exchanges on which cryptocurrencies are traded. However, there are drastic differences between the various providers. Therefore, here is an overview of our favorites for Switzerland.
Bitvavo
Bitvavo is one of the leading European exchanges where you can buy Ripple (XRP). It is available as a desktop version and as an app for smartphones, making it particularly pleasant to use.
This provider is particularly suitable if you only want to buy and hold Ripple and not actively trade it. Because Bitvavo is characterized by an easy-to-use user interface, on which even beginners can easily find their way around.
Another plus point is the low fees. When buying and selling XRP, you pay a maximum of between 0.15 and 0.25%.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Bitpanda
Our second favorite for buying Ripple in Switzerland is Bitpanda. The exchange based in Austria is one of the most popular providers for cryptocurrencies in Europe.
Bitpanda is also a good address for investors who only want to buy and hold Ripple. More active trading is also possible via the Pro Account. However, if you want relaxed investing, the regular account is the best option.
Here, too, you can conveniently buy XRP via the smartphone app or the desktop version. Another advantage is that you can also invest directly in stocks and ETFs here.
The fees are a little higher at 1.49%. With the Pro Account, on the other hand, they are on par with Bitvavo at 0.15 to 0.25%.
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
Binance
Would you rather actively trade Ripple? Then Binance is the best place for you.
This is one of the largest crypto exchanges in the world and offers numerous tools for buying and trading digital currencies. If you want to buy other coins in addition to XRP, you will find pretty much all established cryptos here.
This exchange was founded in 2017 and is therefore one of the pioneers in crypto trading. The user interface is a bit complex and takes some getting used to for beginners. However, Binance offers numerous instructions and information to help you use it.
In return, the fees here are unbeatably low. The trading fees only consist of spreads of between 0.1 and 0.3%.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
Storage of XRP Coins
Basically, the exchanges on which you can buy XRP also offer wallets. In general, you should not keep your coins – no matter which ones – on the exchange if possible. It is therefore a good idea to secure the Ripple Coins on a wallet.
A wallet is a digital wallet in which you can safely store your cryptocurrencies. A general distinction is made between offline and online wallets.
Offline wallets are also called hardware wallets, as they consist of a small physical device that can be connected to your computer.
Online wallets, on the other hand, are often browser extensions or software that you can use directly online.
Hardware Wallet
The Ledger Nano S and its successor, the Ledger Nano X, are among the safest and best-selling offline wallets. You can store your XRP extremely securely on these wallets.
The wallet is on a small physical device that is protected by a password and is therefore much more secure than an online wallet. Because such a wallet can hardly be hacked and the coins could only be stolen if someone had access to the device and the code or the seed phrase. This must therefore always be kept in a safe place.
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Online Wallet
Our favorite for storing your Ripple online is the Trust Wallet. This is a software that you can use on your PC.
It is easy and self-explanatory to use and the wallet can be used completely free of charge. In addition, Trust also supports over 60 other blockchains, so you can also hold pretty much any other cryptocurrency on it.
With this option, you simply have to remember that online wallets can theoretically be hacked. It is therefore particularly important that you always use secure WiFi connections, use a strong password and keep the seed phrase in a safe place.
Buy Ripple Switzerland – Conclusion
This is how you buy and hold the Ripple XRP cryptocurrency in Switzerland. The process may take a little longer the first time until you find your way around the platforms. Especially with Bitvavo and Bitpanda, buying Ripple is a relatively simple and quick process. The big advantage for Swiss people with these exchanges is that they are based in Europe. Therefore, they have to comply with strict security regulations, which means that your XRP should be relatively safe even if it stays on the exchange in the meantime.
In any case, you should also take care of a wallet for the safe storage of your Ripple. The models from Ledger are the safest.
With these tips, buying Ripple is now hopefully a little easier 🙂
You can find out the current price of XRP on the CoinPro.ch Ripple price page.
