How to invest in Ripple - is XRP still worth it in 2021?
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Ripple investing for beginners in 3 steps:
We now explain how to invest in Ripple. We use the broker eToro for this, as it offers the advantage that you can trade both real cryptocurrencies and CFDs - Etoro combines the advantages of a broker and those of a crypto exchange.
First step: registering with a broker or crypto exchange.
First we need to register with eToro.
In the form we enter our username, email and password and accept the terms and conditions:
We then receive a verification email in which we click on the link to confirm the account.
Second step: fund our account
In the next step, we need to fund our account with money in order to invest in Ripple.
Then we choose the amount and the payment method we want to deposit with and then click on the "Send" button to deposit the amount.
Invest Ripple with PayPal, Sofortüberweisung and more
In our example we show investing with credit card. However, eToro also offers other ways to deposit:
Buy Ripple with bank transfer
Buy Ripple with a credit card
Buy Ripple with Neteller
Buy Ripple with Skrill
Buy Ripple with PayPal
Buy Ripple with online banking
Buy Ripple with Rapid Transfer
Buy Ripple with Sofort
Buy Ripple with a debit card
Third step: Invest Ripple
Now that we have funded our account, we can start investing Ripple. To do this, we click on the search box at the top and enter "Ripple".
Buy RippleFollowed by this, the buy window opens. Here we have the following options:
- Buy or sell: In our case, we have to set to "Buy".
- Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order).
- Amount: How much XRP we want to invest
- Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.
- Leverage: With which leverage we want to invest in Ripple. With leverage X1 we buy real Ripple, with leverage X2 we buy leveraged Ripple CFDs.
After we have configured all options, we click on the "Open Trade" button to complete the investment.
The investment of Ripple is completed!
Pros & Cons Ripple Investment
The following lines deal with what speaks for and against investing in Ripple in 2021.
Ripple investors should not only look at the opportunities - knowing the risks and recognising the current phase of Ripple development is also important investor knowledge. Your Ripple investment opportunities depend heavily on which form of investment you choose.
The Ripple price has been far less volatile than other cryptocurrencies in recent months. Ripple also did not lose value as drastically.
For a Ripple investment, this can mean that there is a constant risk of a price correction. However, it is also conceivable that Ripple will survive the harsh crypto winter less battered than other cryptocurrencies.
How to invest in Ripple in 2021?
Earning with Ripple is still possible in 2021. Our pros and cons have shown that quite impressively. Possible, but still risky. Because no one really knows when the bear market phase will finally be replaced by the bulls.
Despite many positive signals in the recent past, investors have so far stayed away from cryptocurrencies. Timing is many things in the investment business, but not everything:
Whether you succeed in earning money with your investment of euros in Ripple also depends on choosing the right investment strategy according to your preferences and generally familiarising yourself with the Ripple market.
How can I invest in Ripple? Which form of XRP investing suits me? What are Ripple shares? And how do you get Ripple at all? You can find out in the following sections
1. Buy Ripple directly
How do you get Ripple in the first place? You can buy Ripple's currency XRP on a variety of different exchanges. Here we have tested the best ones for you.
And with our guide to investing in Ripple, you can get started quickly. How can I invest in Ripple? Where can I pay Ripple in euros? Our Ripple investing guide will answer all your burning questions.
Many exchanges require that you use your own Ripple wallet. On others, it is possible to comfortably hold and manage acquired Altcoins in your exchange account.
However, we generally recommend that you get your own Ripple wallet if you plan to hold your coins for a longer period of time. Holding them on the exchange means that you might run into problems if the exchange suddenly goes bankrupt or becomes the target of a hacking attack. You can learn more about the Ripple Wallet in the tutorial piece just linked.
In any case, you should also take a look at the tax regulations for Ripple investing. We explain these in detail for you on our overview page for cryptocurrency investments.
Our recommendation: Buy cryptos with eToro
- Incl. wallet
- Buy and sell cryptocurrencies directly in the wallet
- Paypal, credit card and instant bank transfer
- Regulated provider
- Real cryptos or CFD trades
2. Trade Ripple
Investing in Ripple 2021 doesn't necessarily mean you have to buy Ripple either. You can also make money trading Ripple, and not too little.
However, good trading needs to be learned - unless you have a good advisor by your side who explains his strategies and procedures to you. Don't have one? No problem.
Because at the crypto broker eToro you can not only trade Ripple, you can even follow other traders and join their decisions. This is called "social trading". And that's exactly what the platform is famous for.
At eToro you trade with so-called CFD derivatives and optional leverage. This can pay off extremely. Because with CFDs you can often achieve the highest returns, completely independent of the Ripple price, and in the shortest time.
However, CFD trading is highly risky. You can lose your entire stake in just one trade. That's why you should never bet your entire investment at once.
The winner in trading is the one who can correctly predict the price behaviour of Ripple. Because no one can do that, a good trader is characterised by a sophisticated investment strategy.
By the way, you can even buy Ripple directly at eToro. eToro accepts Paypal, SEPA and instant transfers.
3. Buy Ripple Shares
Finding it hard to get involved with cryptocurrencies? But trading is too risky for you? There's no shame in that, a great many people feel the same way you do. And a remedy is coming:
Thanks to new stock options, investors can now invest in cryptocurrencies even if they don't want to deal with wallets, private keys, mining and the blockchain.
The decisive advantage of stock trading is its tradition: worldwide, stock trading is strictly and clearly regulated. Above all, this protects investors from fraud.
Accordingly, these options have so far only been available for a small selection of larger cryptocurrencies. And of course Ripple is one of them.
The Ripple Investment Trust is an ETF of the Greyscale Fund, which bought larger sums of the cryptocurrencies Ripple, Ether and Bitcoin during the bear market. Investors can get in on the action by investing in the Ripple Investment Trust.
Alternatives include Bitcoin mining stocks, so-called blockchain services and other crypto investment trusts. Here you can find our overview of the options for buying shares online.
4. Ripple Mining
Unlike Bitcoin, transactions with Ripple are not supposed to be confirmed by mining, but by a consensus of the members. This also has something to do with Ripple's high transaction speeds.
Because the Bitcoin blockchain needs a lot of time for transactions: only when a new block is created is a transaction confirmed with Bitcoin. This is the case every ten minutes.
Blocks are created in the Bitcoin blockchain with the help of the miners. Because the storage capacity of Bitcoin blocks is fixed at 1 MB, it regularly happens that transfers are only carried out after a long waiting time.
And because precisely this bottleneck is eliminated with Ripple, it should be possible to carry out transactions with Ripple within seconds. In this respect, the option of earning money by mining Ripple is eliminated.
Incidentally, the proof-of-work mining of bitcoin is criticised because of the energy it requires. This is enormous: it is roughly equivalent to the demand of the whole of Ireland. On the environmental issue, Ripple is clearly ahead, at least in this respect.
Good time for XRP investments?
That depends very much on the nerves of investors: if they don't snap and fresh money starts flowing into the market again, it could turn out that right now Ripple can still be had very cheaply.
When the bear market is overcome, it can very easily happen that the crypto prices of at least successful projects like Ripple reach new levels.
Profits of several thousand percent are then certainly not to be expected in the short to medium term. But a return in the two- to three-digit per thousand range is absolutely conceivable.
Earning with Ripple: many choices
There are a variety of choices for making money with Ripple. Investing in Ripple 2021, for example, is possible via Greyscale's Ripple Investment Trusts, but also via Banking on Ripple.
Ripple derivatives promise high returns in the shortest time with higher risk. And of course, you could also simply buy Ripple's cryptocurrency XRP directly.
For purchased XRP or Ripple Investment Trusts, these investments can only develop depending on the market price. With derivatives trading, on the other hand, you can still earn with Ripple even if the price of Ripple falls.
This is because when trading CFDs, you speculate directly on Ripple's price behaviour without acquiring the cryptocurrency itself.
How can I invest in Ripple? A guide to buying and trading Ripple as well as information about Ripple's stock options can also be found at the beginning of this article.
Ripple Investing Tips & Tricks
With our Ripple investing tips, you'll be safe from gross beginner mistakes. First things first: Only invest as much as you can afford to lose.
This applies to all your investments - not just cryptocurrencies. So invest on a reasonable scale relative to your savings.
Investing in cryptocurrencies is still extremely risky. Do not underestimate this risk. Investing in Ripple 2021 can be rewarding, but it's smart to also invest in other, preferably less risky, assets like stocks.
The more you can diversify your investment portfolio, the better. Four to five assets would be a good target to start with. You can find an overview of other exciting cryptocurrencies in our cryptocurrency trading list.
It is also wise to look for other forms of investment than cryptocurrencies. Discover our overview of buying stocks online here.
"What type of Ripple investor am I?"
Consider whether you prefer to invest in Ripple for the long or short term. Those who invest short-term take a higher risk, but those who invest long-term can also be unlucky and end up empty-handed.
For less risk-averse types, a medium to long-term investment in Ripple is more recommended than Ripple trading.
But Ripple investment trusts are also interesting for more risk-averse types of investors. With such stock options you can profit from the Ripple development without having to deal with wallets or private keys.
For those who are not afraid of all risks, are willing to invest time and are looking for a way to make a lot of money in the shortest possible time, Ripple trading with the test winner crypto broker is probably the most undisputedly attractive option.
Is it too late to invest in Ripple?
Critics argue that Ripple's actual market capitalisation is much lower than displayed on Coinmarketcap.
They point out that around 47 percent of all XRP is owned by Ripple co-founders Jed McCaleb and Chris Larsen. However, that does little to change Ripple's undisputed success.
Among bitcoin supporters critical of the bank, Ripple has always been criticised. Nevertheless, the price of the cryptocurrency has risen continuously since its IPO.
While the coin was still trading at around €0.005 per token in 2013, it achieved prices of up to €3.25 during the crypto-hype of winter 2017/2018.
But then the bubble burst. Ripple's price has been falling steadily ever since and today stands at €0.28 per coin. This is still a very high level compared to what Ripple originally once cost.
Nevertheless, the question is justified: Is this a good price? Or is it too late to invest in Ripple in 2021? Or - too early even?
Of course, we can't see into the future either. But we can try to systematically address these questions. To do that, we'll shed light on different opinions and take a look with you at what XRP investing options are out there and what their pros and cons are.
We look at what you can earn with Ripple and whether it is still worth investing in Ripple in 2021.
The story has long been known to everyone: In the winter of 2017/2018, the Bitcoin price reached a value of no less than 17,000 euros per coin! The great hype around cryptocurrencies drove more and more investors into the market.
They invested in Ripple, Bitcoin, Ethereum, other cryptocurrencies or in the infamous Initial Coin Offerings (ICOs), whose entrepreneurs often turned out to be criminal frothers.
Then the bubble burst and prices fell in rows. Ripple, too, has been falling steadily in price since January 2018. And while many investors lost their savings, only a few profited. Since then, investor confidence in the cryptocurrency market has been severely shaken.
Ripple's acceptance is rising
It is particularly important for all cryptocurrencies that their acceptance continues to rise. Because up to now, it is mainly experts and companies who have been dealing with cryptocurrencies - they hardly reach the consumer.
The many positive signals of the past weeks and months indicate that this could change very soon: Governments are increasingly announcing new legislation that clearly places cryptocurrencies in the financial sector and thus paves the way for their regulation.
Positive news from the business world is also becoming more frequent. On top of that, new investment options like the Ripple Investment Trusts are opening up the market to an ever wider audience. And STOs are increasingly replacing the high-risk ICOs.
Ripple's market capitalisation of around 11.5 billion euros indicates an extremely resilient user and investor base, thanks to which the cryptocurrency's continued existence can be considered secure for the time being.
From our point of view, the question is no longer whether cryptocurrencies like Ripple have a future at all. The question is rather which investment is worthwhile and when prices will start to rise again. The Ripple market is certainly one of the most promising candidates on the crypto scene.
When will the Ripple price rise?
Let's get this straight from the outset: It cannot be ruled out that the Ripple price will fall further - possibly even much further. Even though it has lost a lot since the big hype, the Ripple price is still very, very good.
Before the hype, it was much lower. If the bitcoin price continues to fall, so will the Ripple price.
Their still too low acceptance as well as the lack of regulations are still putting a strain on cryptocurrencies today.
The very big sceptics even assume that the market is dying in its entirety. If you believe that, you should probably refrain from Ripple investing.
Other experts are convinced that the future of cryptocurrencies is bright. Some even predict astronomical prices for bitcoin. Most should agree on one thing: cryptocurrencies will not simply disappear again.
The advantages of the new technologies are great, they will prevail. Whether Ripple will then be among the winners is very likely at the moment. Given its close proximity to banking, it is almost a matter of time before Ripple establishes itself as a complement to traditional payment transfers.
Ripple development is progressing in leaps and bounds. Ripple has a large and capable team of developers who are diligently pushing the spread and development of the currency. The company looks back on seven years of experience and has been able to convince many important partners during this time.
Invest in XRP? The bottom line
We expect that investing in Ripple will still be worthwhile in 2021! This is supported by the many strong partners and users as well as the still high price. Unlike most cryptocurrencies, the Ripple price did not sink into the ground after the Bitcoin bubble burst.
One day, cryptocurrencies will be part of our everyday lives. It is quite conceivable that Ripple in particular will be one of the first currencies to be used worldwide. Because as a universal translator for cross-currency trading, Ripple is highly interesting for banks and fintechs.
They are already testing the use of the cryptocurrency in closed test environments. The development of Ripple has been going on for seven years now and continues to progress. It is hard to imagine Ripple without it at the moment.
In a high-tech segment like cryptocurrencies, innovation can change everything at lightning speed. That's why Ripple investing is high-risk, even for long-term investments. But the chances of making money with Ripple are very good. If you diversify your investments, you reduce your investment risk somewhat.
Due to the high volatility of the coins, an investment in cryptocurrencies can still produce great returns. The decisive factor is that you buy the coin of your choice at the right time. You should also have the necessary knowledge of how cryptocurrencies work in detail.
This cannot be answered easily. Many factors play a role, including whether the acceptance of the chosen currency increases, what the purchasing power of investors is like and whether crypto exchange hacks or other bad news can depress the respective price. Ripple is one of the largest cryptocurrencies, so you have a good chance of decent returns with the coin.
Absolutely. If you assume that the coins will continue to gain in importance in the future, then you should invest in Ripple. It is not unlikely that more and more transactions will be carried out using digital coins in the medium term.