How to buy ripple in Nigeria

Ripple is a currency exchange and a remittance network system that was created by an American technology company Ripple Labs. Ripple was introduced first in 2004 but its valuation started in around 2013. Right now, it is one of the growing cryptocurrencies and valued at around 0.5 USD.

Ripple is also showing good signs among other cryptocurrencies. In a world where bitcoin has manifested itself as the king of all cryptocurrencies, Ripple is also gaining ground in valuation and popularity. That’s why people are gaining more and more interest in this currency.

How to buy Ripple in Nigeria:

  1. Exchanges and crypto wallet:

Like all other cryptocurrencies, to buy Ripple’s XRP one needs to find an exchange or broker. For a cryptocurrency account, one will need to open a funded account, such as a bank account. Some exchanges in Nigeria also accept other payment methods like credit and debit cards, PayPal and an electronic funds transfer payment. Some of the best exchanges that are used commonly by Nigerians are NGexchanger, and Naira2USD. Some International and semi-international exchanges used by Nigerians to buy and sell cryptocurrencies are Changelly, and CEX.IO. After registering with an exchange, the user will need a unique crypto wallet to buy, sell and store his cryptocurrency. Some of the very famous wallets used in Nigeria for buying and storing XRP are Coinomi, Coinpayments.net, and Bitfi. Some services or exchanges also offer bonuses on signup. These bonuses can be obtained directly into the crypto wallet. Thus, one can buy Ripple with a bonus in Nigeria.

  1. With paper currency:

Apart from above these methods like NGexchanger or Naira2USD or an international exchange one can easily buy Ripple by going to one of the Nigerian exchanges. He can then pay in normal paper currency to buy Ripple or any other cryptocurrency. After buying the cryptocurrency, he can receive and store it in his crypto wallet. This wallet can be accessed by his mobile, laptop or any such device. A person buying the Ripple or other cryptocurrency can transfer it to a mobile or a wallet or can even leave them in the exchange. Actually, the Ripple wallet has some charges for keeping XTB. If the person does not want to pay this additional fee, he can simply trade CFDs on XRP without taking possession of the cryptocurrency. For that he can open an account with an online broker. One of the famous brokers in Nigeria for that purpose is XTB.

In a Nutshell,Ripple is one of the growing cryptocurrencies in the world and can be considered a good option for investment. Like other countries, Nigerians can also buy Ripple with a bonus, sell it and store Ripple or any other cryptocurrency by just having an account, registering with an exchange and opening a web based crypto wallet to store their cryptocurrency. They can even get cryptocurrency by paying in paper currency. They can also gain some bonuses for registering in certain companies or performing specific tasks in the apps that provide these services.

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