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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3

How to buy Altcoins (Cryptocurrency) in India

There are thousands of Crypto-Currencies. And you are free to invest in any of the available coins. So invest wisely only hundreds or maybe dozens of coins will sustain themselves as most of them are just copy cat. Only few of them have unique application and identity.

You only have Rupee i.e, fiat currency with you. You need to exchange your Rupee into Bitcoinsor Ripple first to buy the rest of the coins.

To Buy Bitcoin

Most popular Bitcoin exchanges in India are Unocoin and Zebpay which allows you to use your rupee to buy Bitcoin.

Other wallets are CoinSecure, CoinMama, Changelly, LocalBitcoins, etc.

To Buy Ripple

Not very known beta version of BTCxIndia will allow you to buy Ripple using your rupee directly, it’s alpha version was popular as Bitcoin Exchange.

To buy all other Alt-Coins

Now, once you bought Ripple or Bitcoin or both, transfer your asset to those exchanges which allows you to trade other Cryptocurrencies.

The most popular exchanges are Poloniex and Kraken to buy the rest of the Alto-Coins.

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 from Bitcoin on Poloniex

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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”.

CoinMama: Buy Bitcoins with Credit Card

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

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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