How to buy Ripple in India?
If you are looking for How and where to buy Ripple in India, then you just found the right answer. Coindelta is the best place to buy Ripple in India. We'll provide you a step by step guide to buy XRP with INR.
Here are few easy steps to buy Ripple in India.
Ripple India : Step by step guide to buy Ripple in India (XRP)
Registration: Sign up on Coindelta, verify your email id and create your account. Click here to create an account.
Submit ID Proofs: Submit your PAN card and bank account verification document. Accepted bank Documents: account statement, canceled cheque, bank passbook, screenshot of Internet banking screen. The bank account verification document should have your name and account number.
Verification: The submitted documents will be reviewed and verified within 1 working day. We'll notify you once your documents have been verified by our team.
INR Deposit: After successful verification, you will be allowed to deposit money to your Coindelta INR wallet. You may transfer INR from your bank account to Coindelta INR wallet using UPI, IMPS, NEFT & RTGS. learn "how to deposit INR" on Coindelta
Buy XRP using INR. Continue Reading to learn it.
How to Buy Ripple in India?
Once you have deposited money to your Coindelta INR wallet, buy-Ripple-in-India to buy ripple coins.
You may now place two types of orders in the market.
Market Buy XRP Order: You can enter the total amount (quantity * price) you want to buy ripple at market ripple price. The order will be executed immediately and the ripple coins will be credited to your ripple wallet (XRP wallet).
Please use this feature only if you are a pro trader.
Limit Buy XRP Order: You can enter the quantity and your desired ripple price at which you want to buy ripple in India. Your order will be added to ripple buy order book. The order will be executed only when there is another user who is willing to sell ripple at your desired XRP price. After the execution of the XRP-INR order, your ripple wallet will be credited.
It is recommended to use Limit Buy XRP Order if you are new to cryptocurrency trading.
What is the minimum allowed limit to buy Ripple?
The minimum allowed total order amount is INR 100 in XRP-INR market. So, the minimum allowed XRP quantity varies based on the market price of XRP. For example if you want to buy ripple at a price of INR 25 per XRP, then you have to place the order with atleast 4 XRP. (4 XRP * Rs. 25 per XRP = Rs. 100 order amount)
Can I buy ripple coins in decimal quantity?
Yes, that is an interesting thing about cryptocurrencies. For example, you may place a XRP buy order with 4.57 XRP at the rate of INR 22.83 per XRP.
Where can I store ripple? Is there any good ripple wallet available?
After your buy order has been filled, you will receive ripple in your ripple wallet on Coindelta. You may hold the coins there for as long as you want. You may also transfer ripple coins to your personal cold storage, hardware wallet such as ledger or some other exchange wallet.
How to use Ripple wallet?
Each and every Ripple wallet has a private key and public key. If you have your own ledger device or private XRP wallet, then you own the private key of that wallet. If you have wallet on an exchange, it is highly unlikely that you control your private key of Ripple coin (XRP) wallet. In case of exchanges, you will have only public key (deposit address) of XRP wallet. Please check a sample XRP wallet address: r9QA3mVFQ7V4CE8uGVaeGGDGgeAFc8rsPF (34 characters)
You may also transfer your XRP coins from one wallet to another wallet. Suppose you have 100 XRP in your Coindelta XRP (Ripple) wallet and you want to transfer coins to your personal XRP wallet. Go to your Coindelta XRP wallet and place an XRP withdrawal request. You will have to enter the XRP quantity you want to withdraw and the deposit address (public key) of your private wallet to which you want to transfer. Once the withdraw request is confirmed, your private wallet will be credited with XRP. A small XRP transaction fee is deducted for every transaction done on Ripple blockchain (Ripple ledger).
How to sell Ripple (XRP) coins? Can I transfer XRP to Indian bank account directly?
You may sell XRP coins anytime in the XRP-INR market. However, you can not directly transfer XRP to Indian bank account. You will have to convert XRP to INR first and then you can transfer Ripple coins to your bank account.
If you have already learned how to buy Ripple in India, selling XRP is going to be very easy for you. You need to follow the similar steps mentioned in “How to Buy Ripple with INR?” section.
If you have XRP coins in your ripple wallet, then go to XRP-INR market to sell ripple coins.
You may again place two kinds of orders in XRP-INR market.
Market XRP Sell Order: Enter the quantity of XRP which you want to sell at market price of ripple. The order will be executed instantly and the INR balance will be credited to your INR wallet.
Please use this feature only if you are a pro trader.
Limit XRP Sell Order: Enter the quantity of XRP that you want to sell along with your desired sell price. Your order will be added to XRP sell order book. It will only be executed when there is an user available who places a buy order at equal or higher price than yours. After the execution of your XRP Sell order, you will get INR balance to your INR wallet.