Spread the word.

Share the link on social media.

Share
  • Facebook
Have an account? Sign In Now

Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Have an account? Sign In

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Sign Up Here

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have a permission to ask a question, You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

coindiskus

coindiskus Logo coindiskus Logo

coindiskus Navigation

  • Home
  • About Us
  • Blog
  • Contact Us
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • About Us
  • Blog
  • Contact Us
Home/ Questions/Q 531
Next
chainmaster
  • 0
chainmasterTeacher
Asked: April 21, 20222022-04-21T18:30:04+00:00 2022-04-21T18:30:04+00:00In: Blockchain

Is Ripple XRP a good investment? How do I buy Ripple?

  • 0

Ripple is a prominent crypto-asset and currently the third largest cryptocurrency by market capitalization. Developed by Ripple Labs, its intended purpose is to provide a gross settlement system which can be used to enable cross-border currency or asset transfers and provide liquidity for financial institutions, banks, payment providers, exchanges etc., using the blockchain technology. Ripple’s defined aim in its own documentation is to provide a system which enables “secure, instantly and nearly free global financial transactions of any size with no charge-backs.”

Ripple’s native token (XRP) has a huge supply of around 100 billion tokens, the supply though reduces at a snail’s pace, by virtue of the tinny fees collected for transactions, which is then removed from overall supply. However, XRP can’t be classified as a deflationary token.

Ripple Token (XRP) according to the company’s claim, wasn’t created by it, but gifted or handed over from a previous open source project. Unsurprisingly, the majority of the XRP supply is held by the founders, team members and the company itself.

Bottom Line

Ripple’s native XRP tokens aren’t equity shares, which means buying the tokens doesn’t give the holder, any stake in the company’s profits. Add to it, the fact that XRP tokens have no significant uses in the Ripple Technology, which can be used without acquiring these tokens and it all results in an asset, that is purely speculative and whose price is heavily manipulated by the Ripple Team, who are the majority holders.

How to buy XRP easily on Coinbase

  1. Create an account
  2. Verify your identity: To prevent identity theft or fraud, you’ll need a photo ID to make sure it’s really you.
  3. Buy XRP: Get started with as little as $25, and you can pay with a debit card or bank account.

Share this:

  • Twitter
  • Facebook
xrp
  • 0 0 Answers
  • 25 Views
  • 0 Followers
  • 0
Share
  • Facebook
  • Report

You must login to add an answer.

Forgot Password?

Need An Account, Sign Up Here

Sidebar

Ask A Question

Stats

  • Questions 302
  • Answers 195
  • Posts 17
  • Best Answers 3
  • Popular
  • Answers
  • Coindiskus

    How to approach applying for a job at a company ...

    • 7 Answers
  • Coindiskus

    How to handle personal stress caused by utterly incompetent and ...

    • 5 Answers
  • Coindiskus

    What is a programmer’s life like?

    • 5 Answers
  • Coindiskus
    Coindiskus added an answer Hey Cardacians, have you heard of Djed? It’s the first… March 1, 2023 at 6:41 pm
  • Coindiskus
    Coindiskus added an answer Hey fellow ethereans, Are you one of those brave souls… March 1, 2023 at 6:35 pm
  • Coindiskus
    Coindiskus added an answer Hey fellow shibes, I'm super excited about the upcoming launch… March 1, 2023 at 6:23 pm

Related Questions

  • Coindiskus

    Monero

    • 1 Answer
  • samuel

    stable coins

    • 0 Answers
  • samuel

    Block chain

    • 0 Answers

Top Members

Coindiskus

Coindiskus

  • 0 Questions
  • 321 Points
Enlightened
cryptogeek

cryptogeek

  • 21 Questions
  • 103 Points
Pundit
chainmaster

chainmaster

  • 34 Questions
  • 68 Points
Teacher

Trending Tags

ada adoption africa airdrop airdrops analytics ape aptos art avax banks and crypto best crypto wallets bitboy bitcoin bitcoin mining blockchain blockchain development blockchaindevelopment blockchaindevelopmentcompany blockchain networks blockchain networks types bone british btc bullish bullrun cardano cases chains chatgpt community company computer crtptopunk9998 crypto crypto and block chain crypto and taxation crypto community cryptocrash cryptocurency and electricity consuption cryptocurrency cryptocurrency transactions crypto hacking crypto summer crypto volatility daos defi delegation developer developers django djed doge dogecoin dusd elon musk employee employer english eth ether ethereum ethereum merge facebook finance fomo french google index interview investment javascript kcs knowledge language learning life liquidity pool loss luna market marketcap markets matic merge meta metamask mining monero mt gox nfts odin omniverse omniverseaudio2face php please what happened to chin gari token politics polygon programmer programs question recess regulation ripple russia salary satoshi scandals shiba shibainu shibarium shibarmy social network solana specifications of crypto mining stable coins staking terra tesla the number of cryptocurrencies tokens tracing stolen bitcoins trading trading crypto twitter university usdt ust vasil wallets war white label nft marketplace development ww3 xrp xrt zambia
Loading

© 2022 CoinDiskus. All Rights Reserved
CoinDiskus