1- Buying XRP through Coinmama

Coinmama is one of the largest crypto exchanges that offer to trade in various cryptocurrencies across the world. This exchange is headquartered in Israel and operates all over the world. The exchange has more than 1,0 00,000 customers across the world. The exchange has recently announced the support for Ripple XRP. The investors warmly welcomed this decision because the exchange also offers to buy cryptocurrency through credit/debit cards. One of the most attractive features of this exchange is that it offers higher limits of buying XRP tokens than all other crypto exchanges operating across the world. The users can buy XRP tokens of worth $5000 at a time. Also, the customers can buy XRP tokens of worth $20,000 in a month. It is also one of those exchanges that also accept a large number of fiat currencies.

The exchange takes 6% transaction fees on almost all the transactions. This means that the exchange takes a little higher fee than other exchanges. This is because the growing database of the exchange is increasing the liquidity of the exchange. The following are the pros and cons of this crypto exchange.

PROS

It has wider operations all across the world.

The exchange has a very beautiful and attractive user-interface.

It offers to trade in many cryptocurrencies.

Also, accepts payments in many local currencies.

It offers higher buying limits than other exchanges.

Greater liquidity.

It provides numerous security features.

Accepts payments through credit cards.

CONS

It does not offer a cryptocurrency selling facility but provides only a trading facility.

Not available in few USA states.

How to Buy Ripple XRP through this Exchange?

Buying Ripple XRP through this exchange is like buying other coins. The users can buy any of the available tokens by trading or paying through their credit/debit cards.

The very first step for buying Ripple XRP through this exchange is to register with the exchange. Here, it is worth mentioning that this exchange operates through a website and does not have a mobile application. The users can register with the exchange by visiting the website of the exchange. There is a Signup tab on the top right corner of the web page. Clicking the Sign-up tab will open a form to fill. The users have to fill in their first name, middle name, last name, email ID, and then select the country of their residence through a down click arrow. Accepting the terms and conditions of the exchange will create the user account.

The exchange offers to buy XRP tokens of worth $150 without any verification. But, for buying a large amount of cryptocurrency, the users have to go through KYC and AML verification processes. These processes may require a passport, driving license, or the Identity Card of the users. The documents provided should have your name, age, gender, address, date of birth clearly visible. The registration process is completed in just 10 minutes. After the process completes, the users can buy Ripple XRP coins worth $500 at a time.

The users have to select the currency to pay and the amount of XRP tokens they want to buy and click the buy button.