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How to buy Ripple (XRP)

Do you need help with your Ripple order? This is where we come in! The SATOS team is available seven days per week to offer support to our customers who wish to buy or sell Ripple. After all, trading in crypto involves real money. We believe that we have to properly inform our customers and to make them feel secure. You can engage with us through the live chat, located at the bottom of this page.

Get the best XRP prices using SATOS

Step 1 – Create a Ripple wallet

It’s SATOS’ goal to make cryptocurrencies as accessible as possible. This also means offering a simple buying and selling process. For instance, you do not need to create a SATOS account to trade in cryptocurrencies. In principle, the only thing you require to buy Ripple is a Ripple wallet. You will need a wallet for us to transfer your purchased XRP to you (XRP is the name of the coin of the Ripple protocol). Compare it to a digital bank account, with the additional feature that you are the one in charge.

Step 2 – Place a Ripple order

After you have created your wallet, there’s not much more that needs to occur before you can place and finalise your SATOS order. We will first ask you to enter the amount of Ripple you would like to buy. Once you have entered an amount, you will be shown a real-time exchange rate. Do you agree with the proposed rate? Then click on ‘Place order’. You will then proceed to a screen in which we ask of you to enter your email address and your Ripple recipient address (i.e. the address displayed in your Ripple wallet).

Step 3 – Paying for your XRP

Next up is paying for the reserved XRP. SATOS allows payments through iDEAL, Bancontact, or SEPA. We do advise the use of iDEAL if possible, as it is the fastest payment method. Once you have paid for your order, we will safely reserve your coins and prepare them for depositing. You can now specify the wallet address you want to send your coins to.

Step 4 – Verification

Alas, even SATOS is obligated to follow up on verification procedures as after you have placed your order, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which they will process your order as soon as possible.

Up-to-date with our verifications? Then we will process orders to known addresses almost instantly!

Do you need help buying XRP? No problem, we stand ready to assist! Every day, SATOS strives to make buying and selling cryptocurrencies as simple as possible. After all, trading concerns your money, which is why it is vital that you are well informed and act safely. You can reach our team through the live chat, located at the bottom of this page.

Why do people buy XRP – Ripple?

  • People invest in Ripple because it’s one of the largest and most well-known projects of the crypto industry.
  • Ripple is of interest to many investors because of the promising technology behind the project, which may eventually enable it to transform Ripple into the international payment platform of the future.
  • People also purchase Ripple because of the partnerships the project has with major banking companies.
  • Buying Ripple is also popular because of the enormous rate fluctuations and accompanying profits, caused by the coin’s high volatility.
  • People use SATOS to buy Ripple because it’s easy, and you can conveniently pay with iDEAL.
  • Finally, the strong team behind Ripple is another reason why many opt to purchase XRP.

Remain in charge of your own Ripple wallet

At SATOS, we consider it crucial that people remain in charge of their assets. The main idea behind cryptocurrencies was to make people no longer dependent on intermediaries. This notion also informs our operations. As opposed to other brokers, SATOS does not manage the assets of its customers. Creating a Ripple wallet is a straightforward process and can be completed within no time! Your wallet allows you to have complete control over your Ripple! How cool is that?

What are some of the differences between Ripple and Bitcoin?

  • Bitcoin was envisioned to grant people the opportunity to manage their fortunes, without the need for banking services. Ripple, however, has been developed to ease transactions between banks by making it cheaper and faster to transfer money.
  • The maximum Ripple (XRP) circulation has been established at 100 million. The Bitcoin circulation limit sits at 21 million units.
  • On average, Ripple processes 1,500 transactions per second, whereas Bitcoin handles seven transactions per second.
  • Finally, all 100 million Ripple tokens have already been created. This occurred in a single instant. In contrast, Bitcoins form through a mining process.

Why do people use SATOS to buy Ripple?

  • Speed: transactions are processed instantaneously (also weekends)
  • Reliable: SATOS has been active as a crypto broker for more than five years.
  • Support: we offer our customers live support through chat, social media, and by email, seven days per week.
  • Secure: SATOS ensures that your cryptocurrencies always remain in your own hands.
  • Straightforward: complete payments in no time with iDEAL, Bancontact, or SEPA.

We appreciate our customers’ feedbacks! Here’s what some of our customers say about our work Trustpilot.

What should I keep in mind when buying Ripple?

The pricing of Ripple (XRP) is extremely volatile. It is not unusual for exchange rates to soar or crash by a couple of percentage points over a single day. Be aware of the risks that investing in cryptocurrency entails. Also, the enormous rate increases from the past do not offer any guarantees for future surges.

Despite Ripple’s controversial reputation (due to it being a platform aimed at banks and payment providers), it has managed to obtain an impressive track record. Multiple banking companies have joined the project as a client, often to test Ripple’s services. The future of Ripple is not guaranteed. Do consider potential investments in this light. It’s a high-risk investment, with high potential profits to be had.

If you consider Ripple’s net market value, you will notice that it has been performing well for quite a while now. The coin has firmly nestled itself in the crypto top three. Do keep in mind that the company still has great strides to take. The competition is getting fiercer as well. More and more banks start to experiment with cryptocurrency. Some even announced that they are developing their own native coins. Therefore, we advise you to research the opportunities thoroughly before you decide to invest in Ripple.

Can I also sell Ripple at SATOS?

Yes, that’s possible! Aside from allowing our customers to buy Ripple, we also offer Ripple to EUR exchange services. The only things we require of you are your bank account and the Ripples you like to sell. We will take care of the rest!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

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Can I also sell Ripple at SATOS?

Yes, that’s possible! Aside from allowing our customers to buy Ripple, we also offer Ripple to EUR exchange services. The only things we require of you are your bank account and the Ripples you like to sell. We will take care of the rest!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

Ripple is not anonymous

Cryptocurrencies are often subject to discussion in the media. Unfortunately, the media has also helped circulate much disinformation. You may have once read that cryptocurrencies form the ideal port of refuge for criminals because it allows for anonymous payment. Nothing could be further from the truth. The entire transaction history of a wallet is stored on a public blockchain accessible to everyone. This means that everyone can see how much Ripple is inside every wallet. Therefore, you should be careful when sharing personal details because this may allow users to link your identity with a particular cryptocurrency wallet. Within the crypto environment, protecting your privacy is always your responsibility.

The Ripple exchange rate is volatile

The value of cryptocurrencies (including Ripple) goes up and down every day. The rate fluctuations can be enormous. This is partly due to the fact that the oldest cryptocurrency, Bitcoin, has only been around for about ten years. The crypto market still finds itself in a very early stage of development. Its markets often lack liquidity, which hinders good business practices and causes violent rate fluctuations. Because of these circumstances, we recommend you to thoroughly research the market before you commence investing. Also, never invest all your savings in crypto. Investing is a risky endeavour, and you should never invest more in Ripple than you can afford. Would you like to know more about Ripple pricing and the dynamics behind it? Consult our Ripple price analysis to find out more about the factors driving the price of bitcoin.

Should I use my own bank account to buy Ripple?

Yes, you should! You have to use your own bank account unless you have someone else’s written approval to use his/her bank account. In this case, please contact us in advance.

Can you transfer my Ripple order directly to an exchange?

As can be read in our terms of use, we can unfortunately not guarantee that your cryptocurrency will arrive if you send it directly to an exchange. We therefore recommend that you always use your own wallet. If you decide to use a wallet address from an exchange, keep in mind that it can sometimes take a little longer before your order is on the exchange in your wallet. Exchanges generally wait for a number of confirmations from the network before they adjust your balance.

Can I buy Ripple anonymously through SATOS?

No, we are required by law to request your details when placing an order. Read our KYC / AML policy for more information.

What are the costs of buying Ripple through SATOS?

The costs are on average 1-2% of the purchase amount. These are the costs that we charge for our services. These costs depend on supply and demand and differ per crypto currency. As a rule of thumb, the larger the amount, the more favorable the exchange rate!

Can I also use a credit card to buy Ripple?

Unfortunately, we do not yet offer this option. We do hope to implement this feature at a later stage.

Is there a limit to the amount of Ripple that I can buy?

No, you can buy as much Ripple as you like. The only restriction we enforce at SATOS is a transaction limit of EUR 10,000 per transaction. The number of consecutive transactions you can complete is unlimited.

Is there a minimum amount of Ripple that I have to buy?

You can place your order from EUR 50 and up. Above this amount, the delivery charges become more proportional when taking the purchase sum into account.

How long will it take before I receive my Ripple order?

We strive to transfer your order to your wallet within 15 minutes. We are, however, still dependent on banks and the blockchain. Are you a first-time customer at SATOS? Then we will first have to verify your bank account. This only takes a few minutes.

Pay taxes on your crypto assets

Paying taxes is also an integral component of cryptocurrency. Always ensure that you file your crypto assets with the tax authorities. The taxes you need to pay only make up a small part of your capital, and in the Netherlands, the first EUR 30,000 is exempted from taxation. You can find more information about cryptocurrencies and taxes at our dedicated tax page. Ethereum and other cryptocurrencies are nowhere recognised as official currencies, but this doesn’t entail that they are exempted. Consider, for instance, the income tax, corporate tax, asset tax and turnover tax. Cryptocurrencies represent value, and everything that carries value has to be reported to the tax authorities. Also, be aware that you are personally responsible for complying with the applicable tax legislation. To make this a bit easier, we have created an overview of the relevant legislation that will help you figure out how to pay bitcoin tax.

Be prepared and do your research

There are a couple of things that you need to know when you are entering the Bitcoin business. One of these is that this form of digital currency allows for a type of money exchange that is different from the one that’s used by traditional banks. Therefore, it is essential that you inform yourself about the features of Bitcoin and the workings of this cryptocurrency. Always do such research before initiating significant Bitcoin transactions. In short: treat your Bitcoins in the same careful manner as you would handle the cash in your wallet. Sometimes, you even need to be more cautious! Also have a look at our cryptocurrency knowledge base. Here we have collected a number of articles for beginning cryptocurrency users.

Consider your inheritance

Cryptocurrencies may form a significant part of your fortune. Therefore, always entrust someone within your close circle of friends with access to your Bitcoin assets. You could even share only half of the private key (your unique wallet access code) or half of your password with someone you trust, and inform a notary of the other half.

Make a backup of your wallet

When you use your Bitcoin wallet, always first make a backup. Most wallets offer a simple tool to arrange this in just a couple of steps. Is this not entirely clear to you? You can find more information about Bitcoin wallets on our dedicated wallet page. To make it easy for you, we have described a number of tips that can help you safely store bitcoin and other cryptocurrencies.

Install a good virus scanner

What’s particular about Bitcoin is that you act as your own bank. You can make transactions from person A to person B without the interference of third parties. You bear responsibility for managing your cryptocurrencies, but this also entails responsibility for securing them. That’s why you should always have a decent virus scanner installed. Prevent criminals and scammers from stealing your hard-earned cryptocurrency by reading more about known forms of bitcoin fraud.

I need assistance; what is the most convenient way to reach you?

We are available seven days per week from 10 AM to 9 PM. You can reach us through the live chat, by email, or by using social media. For frequently asked questions, please first check our support-page.

I would like to pay for my order with a business account. Is this possible?

Yes, this is not an issue, but be aware of the applicable tax legislation governing business investments. This concerns the profits of your company. For more tax information, please take a look at our tax page.

What does SATOS use my personal data for?

We understand that privacy is a key concern for you. Therefore, we drafted an entire page covering just this subject. Please have a look at our privacy policy page.

Which payment methods does SATOS accept?

Besides iDEAL, we also offer Bancontact and Belfius payment services. Do you prefer to pay using wire transfer? Then choose the ‘SEPA’ payment method.