Ripple (XRP) is one of the relatively popular cryptocurrencies today and has consistently appeared top 10 for years now based on market capitalisation. XRP is also a payment network that is designed to facilitate faster and cheaper payment transactions. One of the major advantages of Ripple is that you can confirm it every 3 to 5 seconds compared to other cryptos like Bitcoin which can take over an hour. For those who are new to XRP and looking to learn how to buy XRP in Nigeria, this article is for you.
Understanding Ripple and XRP
Although used interchangeably, Ripple and XRP do not exactly refer to the same thing. Basically, Ripple is the company behind XRP, which is the crypto coin. Initially launching in 2012 as OpenCoin, it rebranded to Ripple Labs in 2013 and settled as Ripple in 2015.
According to Ripple, its payment network will create a new global finance era of transactional speed. Basically, you can use its products for global payment similar to SWIFT which facilitates financial transactions globally.
Where can I buy XRP?
Although you can buy XRP from any trusted crypto exchange, however, we recommend that you do so from the Bitmama platform. Basically, you can purchase XRP either from Bitmama or through the Bitmama P2P exchange (which is completely free). Bitmama is simply the answer to – how to buy XRP in Nigeria.
Download the Bitmama app on Android or iOS to get started today.
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How to buy XRP in Nigeria on Bitmama
Let’s take a look at the two ways you can purchase XRP on Bitmama:
Purchasing XRP directly from Bitmama
Follow the steps below to purchase XRP directly from Bitmama:
1. Download the Bitmama app for Android or iOS, register and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Fund your Bitmama wallet with the sum you wish to purchase XRP by selecting “Fund” on the homepage and following the process.
4. Return to the homepage and, select “Buy”.
5. Select XRP from the drop-down menu offering the types of crypto you can purchase.
6. Select the wallet you wish to be debited from (Naira, Cedis or Shellings).
7. Lastly, crosscheck all the relevant details and select “Buy” if it checks out.
8. Your Bitmama crypto wallet will be credited instantly with the purchased XRP.
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Purchasing XRP from the Bitmama P2P exchange:
Follow the steps below to purchase XRP from Bitmama P2P exchange:
1. Download the Bitmama app for Android or iOS, register and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Select “P2P” in the bottom menu on your screen
4. Lastly, proceed to browse the available listing and choose the XRP deal that works for you. Select “Buy” to initiate the transaction and complete the process.
As the best crypto exchange app in Africa, Bitmama offers a secure marketplace for crypto enthusiasts to trade XRP and other types of cryptocurrencies.
Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for online payment. Get started today by downloading the Bitmama app on Android or iOS.
