Buying Ripple with a credit card

Bitcoin Questions and AnswersCategory: General questionsBuying Ripple with a credit card
David asked 3 months ago

Last updated on January 29th, 2018 at 02:33 pm

Hi Nate
Cant say how impressed I am with your site – particularly with your research, presentation and advice.
I have a BA, MA, and MBA and am still lost (other then understanding the broad strokes).
Would like to buy XRP using a credit card but not sure which site to use. My understanding is that you need to buy BCN first and then convert to XRP – is that correct ?
Have you ever considered as a business buying on behalf of clients (they provide money to you up front) and once transaction is secured you transfer to a client’s wallet. I am sure many BCN newbies would gladly pay up front for this service.
With thanks !

2 Answers
Steven Hay answered 3 months ago

Hi David,
 
Hope you won’t mind my replying for Nate. We’re glad you find the site so helpful!
 
The only site I’m aware of which lets you buy Ripple (XRP) using a credit card is Changelly.com – keep in mind that this will probably be the most expensive way to buy Ripple in terms of fees.
 
Dealing with money introduces a lot of headaches and all kinds of regulatory burdens and so on. The margins are probably really tight as well. Most normal exchanges charge around a 1% trading fee at most.
Charging a higher fee for walking newcomers through the entire process is a possiblitity but it’s probably best that people learn to manage basics like wallets, exchanges and transactions themselves – our job is to explain these things in the clearest way possible.
 
It takes time to understand crypto, even for very well-educated people. The average time to master the basics of Bitcoin is probably around 3 months… but the benefit of this learning is that it puts people in full control of their own finances. One of the better mottos of Bitcoin is “be your own bank,” and this is a very empowering aspect of cryptocurrency.

laxyyawa answered 3 months ago

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