In previous articles, we have shared with you how to acquire Ripple (XPR) in a wide range of jurisdictions. In this piece, we will be telling you how to buy Ripple in New Zealand. As the crypto market continues moving in a bull trend investors are getting interested in XRP.
New Zealand is a country with experience in the crypto market. There are several companies operating in the space located there. At the same time, it is very close to Australia, which is also the home of several crypto-related firms.
The good quality of life in the country created a large number of investors that want to enter the market. This is why it is important to know how to buy Ripple in New Zealand. Users and investors will be able to acquire this digital asset in just a few minutes. The best way to do so is by using crypto exchanges.
Remember that you can always read our guide about how to buy Ripple. This generic article will be helpful if you want to get an idea on how to enter the market. In the following sections, you will have more information about Ripple, XRP and more.
What is Ripple?
Ripple is working in order to expand the usage of the XRP virtual currency. Moreover, the company is offering services to make the financial system more efficient. This would help financial firms to offer cross-border payments services for lower prices. At the same time, transactions will be processed faster.
RippleNet is perhaps the most popular service already offered by Ripple. With it, there are over 300 companies connected that are working together. It is easier for them to perform transfers among each other and receive clients’ data.
With the XRP virtual currency and the on-demand liquidity product, remittances would be done more efficiently. There are millions of individuals sending funds back to their home countries. By using the XRP cryptocurrency, these transactions can be done faster and easier. Remittance workers pay very high fees for sending fiat currency.
It is possible to purchase XRP in one country with the local fiat currency. Then, the company will send the funds to another jurisdiction and sell the XRP for local currency. This would allow transfers to be processed in just a few seconds and for almost no fees. Financial companies, users and individuals will get certainly benefited with this.
How to Buy Ripple in New Zealand?
As mentioned before, there are several enthusiasts and individuals that want to acquire XRP. The reasons are different and their amounts too. However, they all want to know how to do it in a fast, secure and simple way.
The XRP virtual currency is currently the third-largest in the world after Bitcoin (BTC) and Ethereum (ETH). This is also one of the reasons that pushes investors to purchase this digital asset.
At the moment, there are no specific regulations in New Zealand for users trading virtual currencies. However, it is always advised to check whether local rules have changed. In general, exchanges and companies operating tend to follow standard Know-Your-Customer (KYC) procedures. Nowadays, this is necessary for companies to continue operating in the market.
There are currently several platforms operating in New Zelaand. All of them will be very useful for you to buy Ripple in the country. Nonetheless, they are not all the same. Each of them has different characteristics that would be suitable for the needs of each of the users.
Binance Crypto Exchange
As already mentioned in other articles, Binance is one of the most popular crypto exchanges in the world. This platform is allowing traders to buy and sell virtual currencies with ease. This is going to be one of the best solutions on how to buy Ripple in New Zealand.
The platform has recently added support for buying virtual currencies with a wide range of fiat currencies. Among them, they have included the New Sealand dollar (NZD). Binance has been working so as to offer great solutions for traders all over the world.
One of the main benefits of this platform is related to its large liquidity. This is going to help traders that want to trade virtual currencies without having to pay for premiums. In addition to it, Binance has a wide range of digital assets supported on its platform. This is very attractive for investors that want to have a diversified portfolio in cryptocurrencies.
Binance is currently offering several XRP trading pairs. Indeed, there are 11 different XRP trading pairs. These include: XRP/USDT, XRPUSDC, XPR/TUSD, XRP/TRY, XRP/PAX, XRP/EUR, XRP/ETH, XRP/BUSD, XRP/BTC and XRP/BNB.
The exchange allows users to purchase digital currencies using debit and credit cards. This is also a great way to have access to the market. These crypto platforms are certainly useful for onboarding new traders and users to the industry. In the future, Binance could add new features for individuals to have exposure to Ripple and XRP.
CEX.io Crypto Exchange
This cryptocurrency exchange is one of the oldest operating in the country. This platform is recognized for being an exchange that offers users with great trading fees. Indeed, this may be the easiest way on how to buy Ripple in New Zealand. Traders can get connected to the platform in just a few steps and buy Ripple or other cryptocurrencies.
This platform is very useful because it is available in over 193 countries and jurisdictions. This is great for users that travel a lot and want to have access to their virtual currencies. At the same time, they are already becoming a multi-functional virtual currency exchange in the market. This is due to the fact that other platforms are moving forward as well.
At the moment, users can select to trade Bitcoin (BTC), Ethereum (ETH), Dash, Ripple, Stellar Lumens (XLM), Bitcoin Gold (BTG) and Bitcoin Cash (BCH), among others. Moreover, it is possible to use credit cards or wire transfers to acquire virtual currencies.
In the future, this cryptocurrency exchange could offer new solutions for traders. If it wants to remain among the top platforms it will have to improve its services as Binance did. Despite that, this is a great platform with large liquidity for traders and buyers in New Zealand.
Changelly is not a traditional cryptocurrency exchange for traders. Indeed, this platform works in a different way. This offers a very fast and easy solution for users to have access to the crypto market. One of the best things about this exchange is the easy way in which traders can purchase virtual currencies.
Changelly offers XRP support and would allow individuals in New Zealand to have access to it. Moreover, this exchange offers support for Bitcoin, Monero (XMR), Zcash (ZEC) and Litecoin (LTC). Of course, they are also offering support for over 40 digital currencies. In addition to it, you can easily buy digital assets with other cryptocurrencies. This is great for investors that want to have a diversified portfolio.
This is the best way of acquiring Ripple if you want to do it in just a few steps. You will only need to select the funds you want to invest and where you want them deposited. Take into account the fees may be higher than in other platforms and exchanges. Nonetheless, you will not have to worry about liquidity due to their advanced system.
Despite offering great services, this exchange is focused on these services. If you want to search for other solutions and services, there are other platforms that would work better. Changelly is to have fast, easy and secure access on how to buy Ripple in New Zealand.
Ledger Hardware Wallet
You have already learned how to buy Ripple in New Zealand. However, you need to take care of the funds you acquired. The best way to do so is not having the XRP in a cryptocurrency exchange.
Cryptocurrency hardware wallets are the best way to store digital currencies after buying them through exchanges. The most popular virtual currency hardware wallets in the market are the Ledger Nano S and Ledger Nano X. These two wallets are very popular and offer great solutions for investors.
By using a hardware wallet you will be able to protect your funds from hackers and attackers. Take into account that crypto platforms tend to be attacked and targetted by criminals.
In this article, we aimed at showing how to buy Ripple in New Zealand. Some of the platforms shown in this article are great to have access to the whole crypto market. In addition to it, you will have a better idea about how to acquire XRP, the third-largest cryptocurrency.
At the same time, you will have the possibility to learn how to store your digital assets in a hardware wallet. This is going to provide the best safety for your funds.