Which one is better to buy Ripple: Btcxindia.com or first buy Bitcoin then exchange it to Ripple?

Prices on Btcxindia.com is too high. So, I will suggest the later method to buy.

Benefits depends on the

  1. Liquidity is very important in the market. It will allow you to buy and sell whenever you wish to do. i.e, you have the power to exit the market immediately if some mishap happens.
  2. Do check the transaction fees and calculate the cost involved to buy the same amount of Ripple using both media.
  3. Different exchanges have a different price at the same time.
  4. Which mode you exchanging your ripple back to Rupee.
  5. In which mode you bought Ripple. As the two cases, we discussed.

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Why?

You can analyse it using this two cases given below

  1. You bought Bitcoins from Rupee, then Ripple from Bitcoins.

Suppose price of Bitcoins becomes 2X

2. You bought Ethereum first, then Ripple from Ethereum

Suppose the price of Ethereum becomes 3x.

You must be wondering. Once you have converted your currency into Ripple. Once the exchange from crypto-currency to another has completed. Why would it values will depend on its origin. i.e how I bought the Rippe. Should it depend on it? The answer is definitely NO.

What is the mistake in our above cases? The factor to which the Ripples price will become n times depends on which two currency pair is involved at the time of analysing the value.

Here is the conclusion.

  1. Only the “Number of Ripples” or “Amount of Ripple” you bought depends on the way you bought it. Since the value i.e graph variation of (Ripple vs Bitcoin) or (Ripple vs Ethereum )or (Ripple vs Rupee) or (Ripple vs Dollar) are differents.
  2. The profit you gain i.e number of times your investment values got multiplied also depend on, which currency pairs are involved when you sold your ripple back to Rupee.

Hope, I made you understand this.

Also read:

How to buy Ripple from Bitcoin on Poloniex

How to buy Ripple in India

Follow me on Quora: Deepak’s Profile on Quora

Buy Ripple with USD in India

You can follow the following steps.

  1. Add Balance using Credit Card at Bitstamp.

The only legal way as such to send an unlimited amount of money to anyone outside India is by credit card.

International bank transfer deposits carry 0.05% deposit fee on the Bitstamp side (minimum fee = 7.50 USD/EUR) and take 2 – 5 business days to credit. USD deposits credited to your USD balance won’t be converted. All other currencies will be converted to the selected balance currency, free of charge.

2. Now you will need to select the correct market XRP/USD.

One more way to buy XRP is first buy Bitcoin from Unocoin or Zebpay, transfer it to Poloniex and then buy USDT first, then XRP from XRP/USDT market.

To buy XRP directly from INR directly, you can use btcxindia website.

I will not recommend the btcxindia website, it’s price too high and can be easily manipulated.

Also read:

How can I buy Bitcoin Online

How to buy Ripple from Bitcoin on Poloniex

How to buy Ripple directly from Rupee

CoinMama: Buy Bitcoins with Credit Card
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How to buy Ripple from Bitcoin on Poloniex

Steps are

  1. Create a Poloniex Account. Click here to sign-up.
  2. Open Exchange section. Click here to open the exchange page.0.00014150 XRP BTC Market   Poloniex Bitcoin Cryptocurrency Exchange.png
  3. Visit the box above. Fill the amount of XRP you want to buy, and price of BTC.
  4. Click on Buy, now your order has been placed.
  5. You can also place an order for a price below the “Lowest Ask”. 

Note: If you haven’t created an account on Zebpay or Unocoin or CoinSecure, you can grab the following referral code

Referral Code of Zebpay: REF06568678

Referral Code of Unocoin: U213061

Coupon Code of Unocoin: TTA200
Referral Code of CoinSecure: A67aTLwo7PNiLBysAU9h


How to buy Ripple in India

To buy Ripple you can first buy Bitcoin using Rupee then ripple.

You can buy Bitcoins on Indian exchanges like UnocoinZebpayCoinSecure, CoinMama, Changelly, LocalBitcoinsetc. then transfer your Bitcoin to Poloniex or Kraken. The transaction fee is 0.0005 BTC both on Zebpay and Unocoin. Now, on Kraken or Poloniex you can buy Ripple using Bitcoin.

Also read: How to buy Ripple from Bitcoin on Poloniex

You can also buy directly at btcxindia.com. But it’s price is too high there and since it exclusively for Indians so less liquidity and the website can manipulate the price.


Note: If you haven’t created an account on Zebpay or Unocoin or CoinSecure, you can grab the following referral code

Referral Code of Zebpay: REF06568678

Referral Code of Unocoin: U213061

Coupon Code of Unocoin: TTA200
Referral Code of CoinSecure: A67aTLwo7PNiLBysAU9h


Top 5 Crypto Currency to invest in 2017

The world of cryptocurrency is moving really fast. Over the past 5 years, Bitcoin outperforms any other investment like gold, the stock market or real estate.

Over the past years, hundreds of new cryptocurrencies came on the market. Most of them are just copy cat or only have a few features that make them different.

Only a handful of those cryptocurrencies is real outliers. Those unique ones disrupt their industry just like bitcoin did with the financial sector.

The following top 5 cryptocurrencies are outliers and are the one I am sure will go up in value by 10x-100x over the next 2 years.

1. Bitcoin

Bitcoin

Bitcoin has proven a store of value over the past few years and it is currently trading at 410$ today. The price varies a lot but it outperformed all the other investment vehicle by a lot.

Bitcoin has the network effect and most people have heard of Bitcoin. But this is not a panacea because Myspace had the network effect at some point and they lost their position over better platforms like Facebook.

Over the past few years, Bitcoin got a lot of venture capital money so we should see very interesting apps and project coming to the market in 2016. All those companies will drive wider public adoption which would drive the price up.

One problem with bitcoin is that its block size limit reached the maximum amount of transaction it can process. It will need to overcome this before the price can start climbing again.

Also read: How can I buy Bitcoin Online

2.Ethereum(ETH)

Launched in 2015, Ethereum is a decentralized software platform that enables Smart Contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response. The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by most developers looking to develop and run applications inside Ethereum. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). Ethereum (ETH) has a market capitalization of $4.46 billion, second after Bitcoin among all cryptocurrencies.

Ledger Wallet protects your bitcoins

Also read: How to buy Ethereum

3.Ripple (XRP)

Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Ripple “enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs.” Released in 2012, Ripple currency has a market capitalization of $1.26 billion. Ripple’s consensus ledger — its method of confirmation — doesn’t need mining, a feature that deviates from bitcoin and altcoins. Since Ripple’s structure doesn’t require mining, it reduces the usage of computing power and minimizes network latency. Ripple believes that ‘distributing value is a powerful way to incentivize certain behaviors’ and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.”

Also read: How to buy Ripple in India

4. Litecoin

 

 

Litecoin has been around for a very long time and has shown success at keeping a healthy value to its cryptocurrencies. Also the largest Bitcoin wallet provider Coinbase has added the cryptocurrency to GDAX for trading. The longstanding trusted cryptocurrency has been a safe long term investment for quite a while now. Picture Litecoin to be the 5 dollar bill compared to the 100 dollar bill (bitcoin). To have a successful cryptocurrency it needs three things: professionalism, quantitative flow, and trust. Litecoin has it all.

 

 

 

5. Dash

 

Dash coin has been known for attempting to make the most anonymous cryptocurrency. They have rebranded there cryptocurrency a few time, but all for the darkest reasons. Dash coin has been popping up slowly on the dark net in small communities. Criminal Organizations have been using Dash coins due to its healthy value and anonymity for its trace. A user that goes by “arma” on darknet forums assumed to be the Tor guru has been investing a sufficient amount of attraction to the cryptocurrency. Slowly but surely this will be a cryptocurrency that will start branching off to Darknet Markets which will sky rocket the value. The biggest factors also include the supply and demand. Currently there is approximately $6,500,000 coins available for supply (which is not a lot). Which means there is not enough coins for the demand, so grab your coins while you can. It’s bound for the price to go up, to create difficulty in creating a positive demand or the little supply. The supply is bound to decrease every year.

 

 

Also read: How to buy Altcoins (Cryptocurrency) in India

Also read: Zebpay: A bitcoin Wallet in India


Note: If you haven’t created an account on Zebpay or Unocoin or CoinSecure, you can grab the following referral code

Referral Code of Zebpay: REF06568678

Referral Code of Unocoin: U213061

Referral Code of CoinSecure: A67aTLwo7PNiLBysAU9h