With its focus on fast, low-cost international transfers, XRP is one of the most intriguing digital assets in the cryptocurrency landscape. As the native token of the Ripple blockchain, it can be purchased and sold like any other digital asset. But what exactly is XRP, and how does it work?

Designed primarily for financial institutions, XRP uses its XRP Ledger to settle transactions with remarkable speed. As a result, the digital asset has earned attention from banks and money transfer services that seek to avoid currency exchange fees and international transaction costs.

XRP Purchase Guide: How and Where to Buy XRP in the UK

The XRP currency was founded by engineers Jed McCaleb, David Schwartz, and Arthur Britto, who developed it as an alternative to Bitcoin for its ability to process payments quickly. In addition to its speed, XRP offers a unique feature that gives it an edge over other cryptocurrencies, called the ability to revert transactions that have already settled on the blockchain.

XRP purchase guide, you’ll need to register for an account on a cryptocurrency exchange. Most of these platforms require identity verification and offer a variety of payment methods, including fiat currencies like the US dollar. Once you’ve opened an account, you can deposit funds and begin trading.

Most exchanges display a list of available coins, along with their market prices. Using the trading window, you can buy and sell coins as needed. If you want to buy XRP immediately, choose a market order, which will execute your order at the current market price. You can also place a limit order, which will let you specify the amount of XRP you want to buy or sell at a specific price. You can also enable two-factor authentication for added security, which will usually involve receiving a code via your phone to log in.