XRP is a great way for investors to diversify their cryptocurrency portfolio by having a mix of centralized and decentralized assets. In this article you will learn about the easiest way to buy Ripple. Check out why people invest in XRP?

1. WHAT ARE THE ADVANTAGES
AND DISADVANTAGES OF
RIPPLE? HERE’S THE EASIEST
WAY TO BUY RIPPLE!

2. XRP is a great way for investors to diversify their
cryptocurrency portfolio by having a mix of
centralized and decentralized assets. In this article
you will learn about the easiest way to buy
Ripple. Check out why people invest in XRP?
1.Ripple is a for-profit business with an incentive to
increase the value of XRP.
2. Gives exposure to blockchain technology while
staying in the traditionally centralized world of
finance.
3. Offers cheaper fees.

4. Some investors view Ripple as a perfect happy
medium between investing in riskier projects that
don’t have a true leader and a project that at least
in part functions like a proper company. Here are
some advantages and disadvantages of Ripple.

5. Ripple Advantages
Fast settlement. Transaction confirmations are
incredibly fast. They generally take four to five
seconds, compared to the days it may take banks
to complete a wire transfer or the minutes or
potentially hours it takes for Bitcoin transactions to
be verified.
Very low fees. The cost to complete a transaction
on the Ripple network is just 0.0001 XRP, a small
fraction of a penny at current rates.

6. Versatile exchange network. The Ripple network
not only processes transactions using XRP, but it
can also be used for other fiat currencies,
cryptocurrencies and commodities.
Used by large financial institutions. Large
enterprises can also use Ripple as a transaction
platform. Santandar, Axis Bank and Yes Bank are a
few using this network, demonstrating it already
has larger institutional market adoption than most
cryptocurrencies.

7. Ripple Disadvantages
Somewhat centralized. One of the reasons that
cryptocurrencies became popular is that they were
decentralized, taking control away from large banks
and governments. The Ripple system can be
somewhat centralized because of its default list of
validators, which goes against this philosophy.

8. Large pre-mined XRP supply. Though most of the
Ripple supply not held in circulation is stored in
escrow, it’s possible large quantities may get
introduced at inopportune times, which could impact
XRP’s value.
Recent SEC action against XRP. In 2020, the SEC
filed a lawsuit against Ripple, saying that since it can
decide when to release XRP, the company should
have registered it as a security. Until this gets
resolved, it could slow down institutional use of this
system. Several exchanges have also stopped listing
XRP as a result.

9. How You Can Use Ripple and XRP
You can use XRP like any other digital currency,
either for transactions or as a potential investment.
You could also use the Ripple network to process
other types of transactions, like exchanging
currencies.

10. How to buy Ethereum in Canada Netcoins?
1. Create an Account
Provide some personal details and get verified in
minutes through our automated KYC process.
2. Fund
Fund your account with a cryptocurrency deposit,
Interac e-Transfer, online bill payment or bank wire
transfer.

11. 3. Start Trading
Buy and sell as little as $10, or up to $10 million
with no slippage due to our deep liquidity.
SOURCE CREDIT:
https://medium.com/@bitcoinwalletcanada/what
-are-the-advantages-and-disadvantages-of-
ripple-heres-the-easiest-way-to-buy-ripple-
aeebfdd2625a

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