With the ever-increasing demand for cryptocurrencies, cloud-based service providers are now tasked with the challenge of offering traders and investors a highly convenient platform that will satisfy their trading needs. One of the basic features that cryptocurrency enthusiasts are looking for in an online exchange is the option to buy and sell as many types of digital assets as possible. During the last week of March 2018, Uphold has added Ripple’s XRP cryptocurrency on top of six other cryptocurrencies, four precious metals, and twenty-three fiat currencies. On Uphold’s recent Twitter poll, XRP was chosen by the majority of over 12,000 followers who participated in the voting.
Ripple is the third largest cryptocurrency today in terms of market capitalization at $19 billion. Having a share of more than seven percent of the total market capitalization of all cryptocurrencies, XRP is now considered as one of the few stable coins that will surely stand the test of time. Learn more about the five important tips for purchasing XRP through Uphold and start trading or investing on Ripple’s fast, cheap, and secure payment system.
Get zero fees when purchasing XRP from Uphold.
Uphold currently offers the best way to buy Ripple tokens among other online exchanges. As part of the promotion, all users will be considered will be qualified to purchase XRP without any fees. The offer though only runs for a limited period of time. Zero fees will be applied to the first five million XRP tokens purchased from the platform.
The XRP integration will be split into different phases.
To ensure the smooth integration of the XRP tokens into the Uphold platform, the scheduled launch will be divided into two phases. During Phase One, you can purchase XRP tokens as much as you want and store them online but you cannot sell them nor you can transfer them to an external address. Phase Two will allow users to access the full functionality of trading the tokens or transferring them to wallets outside the platform.
Make sure to complete the registration process.
To purchase XRP through Uphold’s website, you must sign up for an account first. After a successful registration, you will be redirected to the dashboard where you can create and customize different money cards. Each card corresponds to an Uphold-supported currency. You may start buying XRP tokens by clicking the add card/currency option. You can now access your XRP card in your Uphold wallet or move it around for easier access in the future.
Know the different options when buying XRP.
Uphold offers a variety of methods to users when adding funds to your XRP card. These include ACH (Automated Clearing House) transfers, SEPA (Single Euro Payments Area) bank account transfers, and deposits from external cryptocurrency addresses. Choose the method that is the most convenient for you.
You can utilize your XRP tokens in different ways.
There are many ways in which you can use your newly bought XRP tokens. First is to trade them versus more than 30 digital and traditional cryptocurrencies available in the Uphold platform. You can also use your XRP tokens to make payments to merchants or store them as a long-term investment.