FAQs About Ripple Coin

 Ripple acts as a digital currency as well as digital payment network that offers a much faster, cheaper and easy way to exchange currencies and send money across the globe. It was co-founded by Chris Larsen and Jed McCaleb. The coin for the cryptocurrency is labelled as XRP. 



People raise several questions about the digital asset, how to buy and how it is used. There are few frequently asked questions about XRP that are mentioned.  


  1. How Do I Buy XRP?

There are several cryptocurrency wallets and exchanges to buy and sell the digital assets worldwide. There are trustworthy websites from where you can purchase your cryptocurrency. For example, Coinbase, Binance, Bybit and CEX.io

Every exchange has a different process of purchasing XRP. 


  1. Is XRP Centralised or Decentralised?

This is one of the most frequently asked questions that people ask if XRP is decentralised or centralised. According to its website, it mentioned that XRP is based on open-source and is decentralised. It is said to be more decentralised as compared to other leading digital assets like, Bitcoin and Ethereum. 


  1. Which Wallet Is Best For Storing XRP?

You must have a wallet to store the digital asset safely. There are several wallets in the market to store your coin. But we recommend you to go for Trezor and Ledger NanoX. These are the two best hardware wallets to store XRP. 

  1. Is It Possible To Freeze XRP Transaction?

No one can freeze XRP transactions because of the inability to access or control the XRP Ledger. 

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