There has been a significant growth in the value of Ripple this month in India and is today a global phenomenon. XRP, as Ripple’s token is called, surpassed $1 for the first time Dec. 21 and quintupled its market cap to more than $50 billion between Wednesday and Friday of that week.
Ripple has become world’s third most valuable cryptocurrency with the growth rate of 28,000%. This is huge!
So, here are the easy ways to buy Ripple in India,
This Hyderabad-based company is a crypto-token exchange company. It has an XRP (Ripple) wallet and exchange for real-time trading for crypto-tokens and rupees, along with added blanket security and reliability. It was started in 2013 by Kamesh Mupparaju, a commodity markets trader.
btcxIndia is the first platform in India which was launched where users can buy and sell Ripple. Trading fees on btcxindia are at 1%. It was launched in March 2016 in partnership directly with Ripple Labs, the parent company of Ripple coin. Currently, there is a hold on new account creations at btcxIndia due to high demand. So, if you want to trade Ripple, you may want to check with the other 2 platforms.
Started by IIT graduates in 2017, Pune-based Coindelta is an exchange that provides 24/7 live support for queries users may face. It has markets with INR and Bitcoin as base currencies. Its CEO Rajdeep Singh and the team aim to educate society about blockchain and are looking to build a strong community of blockchain enthusiasts.
CoinDelta offers trading of buy and sell trading of Ripple, along with other currencies such as Ethereum and Litecoin. While the seller fee is 0%, buyer fee is 0.3%.
Started this year, Mumbai-based Koinex was set up by co-founders Rakesh Yadav, Aditya Naik, and Rahul Raj, who is the platform’s current CEO. A digital assets exchange supporting trades in a wide variety of cryptocurrencies, including the most popular ones Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.
Koinex charges 0.25% fee from buyers and 0.2% from sellers, but seller fees are waived off until December 31, 2017.
Delhi-based BuyUCoin allows users to trade, store, use, and accept cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc. Co-founder and CEO Shivam Thakral, and Co-founder and CTO Devesh Aggarwal started the platform in 2014.
They have zero fee trades and also support other altcoins like Litecoin, Dash, NEM, and Stratis.
Founded in 2017, Bitindia is a blockchain wallet and crypto exchange startup. Saumil Kohli is the Founder and Sahil Kohli is the CEO of this Chandigarh-based venture. Bitindia allows users to buy and sell Bitcoin, Ethereum, Ripple, and Litecoin in India.