Yes. The first step is to open an account with the exchange. The good news is that this is a fairly simple and straightforward process. Identity verification can take up to three days at most. Then, you can buy Ripple or anything else you wish. All they ask for is your email address and a username and password. You’ll be asked about your financial means and trading experience too. All of your information remains confidential.
Like on any exchange or platform, you’ll be asked to upload a copy of your driver’s license, passport, or another national ID. You must provide a copy of a utility bill or bank statement.
Before you commit to a real account, you can practice with virtual funds using eToro’s demo account. You must make a deposit when you’re ready to start trading live. The minimum deposit required is $200 or equivalent in another currency.
You can deposit funds via bank wire, e-wallet, or debit card. The first method takes the longest – up to a week. You can buy Ripple as soon as the funds have been credited to your account.
To buy Ripple, do a search of XRP or Ripple in the search bar. You can trade it for USD, EUR, AUD, GBP, and CHF. You’ll be taken to the Ripple XRP instrument page, where you can probe it using information provided by other exchange members. There are also charts, statistics, and research. Press “Buy” whenever you are ready to buy an amount of Ripple. The site will pull up an order form. In this form, enter the respective amount you’re willing to spend on the coin. Then, click on the Open Trade button.
In spite of the controversy surrounding the XRP token and the high profile SEC lawsuit against the company, Ripple remains among the biggest and most interesting crypto projects in the world. XRP can be a lucrative investment now given its low price. It’s a good option for beginners who want to diversify their assets.