Ripple (XRP) is one of the fastest-growing cryptocurrencies in the world right now. It is also one of the most talked-about cryptocurrency on the market. At the time of publication, XRP is worth $0.6 and would likely go up in value. In this article, you learn how to buy Ripple (XRP) in New York .
Before investing in Ripple (XRP) you should also know that SEC filed a lawsuit against Ripple which led Ripple to dump in value from $0.7 to $0.2: the value is beginning to pick up momentum. Also, note that Coinbase has removed the ability to trade Ripple (XRP) on its platform.
Since 2015, BitLicense was implemented, it requires a virtual currency business to register or they can’t operate in New York. Because of this, it’s difficult for New York residents to buy from some cryptocurrency and from exchanges which doesn’t have the BitLicense.Buy XRP
How to buy XRP in NY step-by-step summary
Follow these steps to buy XRP:
- Buy Bitcoin or Ethereum from Coinbase.com to purchase XRP using Bitcoin
- Get a XRP wallet to store your XRP (Trustwallet, Exodus wallet, Atomic Wallet)
- Visit Changenow to buy XRP (no registration, No ID required for small amounts below: $250,000)
- Check for XRP
- Select the amount of XRP you want to buy
- Enter your XRP address and tag
- Pay BTC, ETH or any altcoin you selected
Do this to buy XRP instantly
To buy XRP in New York you would have to purchase Bitcoin on Coinbase, get an XRP wallet (Exodus wallet or Trust wallet), go to Changenow, enter the amount of XRP you want to buy using BTC, click exchange and enter you XRP address you got from the wallet mentioned above, purchase XRP using BTC by sending BTC to the address specified by Changenow.
Step 1 – Buy Bitcoin on Coinbase to swap Bitcoin for XRP on Changenow.
To buy Bitcoin on Coinbase create an account and purchase BTC using your credit card.
Step 2 – Get an XRP wallet to receive your XRP when buying on Change now (Exodus wallet or Trust wallet)
An XRP wallet would be needed to store, receive and send XRP, I recommended you download Trustwallet or Exodus wallet on your device, after downloading the wallet on your device, to create a wallet account you would have to store your 12 words recovery phrase, it’s the only way to access your funds.
Step 3 – Visit Change Now to swap BTC for XRP
Change now doesn’t require IDs or registration to purchase cryptocurrency, all you need to have is BTC stored in your wallet and have an XRP wallet.
Step 4 – Search for XRP pair on Changenow
To do this click the default “ETH”, then search for XRP.
Step 5 – Enter the amount of BTC you want to use to purchase XRP,
Make sure you have BTC stored in your Coinbase wallet, enter the amount of BTC you want to purchase, and click “exchange.”
Step 6 – Enter your XRP wallet address into Changenow
Your XRP wallet address would be used to receive XRP, you can get your XRP wallet address if you have an XRP wallet installed, XRP wallet includes Exodus wallet and Trust Wallet.
Step 7 – Pay XRP using Bitcoin
To do this send the Bitcoin you purchased from Coinbase to the specific address given by Change now, once your payment is received you will receive your XRP in your wallet.
Q. What is XRP?
XRP is a cryptocurrency created by Ripple Lab in 2012, XRP aims to collaborate with banks and scale its transaction in the XRP network.
Q. What is the XRP destination tag?
An XRP destination tag is 9 digit number that needs put alongside the XRP address when trying to make a payment the XRP destination tag is important to ensure that you recieve your XRP without losing it.
Q. Is XRP Ripple?
XRP isn’t Ripple, Ripple is the company, XRP was created in 2012 by Brad Garlinghouse and Chris Larsen.
Q. Is XRP dead?
XRP is not dead, XRP has seen an increase in value despite the SEC lawsuit.