Buy XRP Singapore | Ripple

2019 Guide For Buying XRP (Ripple) in Singapore

Step for exchange

  • Sign up
  • Verification Process KYC (Know Your Customer)

Steps for P2P (Escrow)

  1. Look for P2P Websites (Localbitcoins.com, Remitano).
  2. Find a reputable seller with good reviews (Above 90%).
  3. Click buy and contact seller. Seller’s XRP amt will be locked in escrow.
  4. Sellers will receive your trade request.
  5. Seller will perform verification on you.
  6. Seller will provide a bank account number to make payment (Full amount – P2P takes a 1% cut of the full XRP amt from seller)
  7. Once you make payment, Seller will release locked in XRP amt from the escrow

Steps for P2P (Direct Seller)

  1. If you exchange numbers with the seller, you can directly buy from the seller & negotiate a cheaper rate
  2. Ask seller for rate (Usually, 0.5% off usual rates) – if $10,000 transaction, you save 10,000 * 0.5% = $50.
  3. Pay seller online bank transfer or cash in person
  4. Once seller receive your money, seller will transfer XRP to your XRP wallet

Exchange

Pros

  • Credit card
  • Paypal

Cons

  • Withdrawal limit
  • Strict KYC

P2P (Peer to Peer)

Pros

  • Cash
  • Fast transaction

Cons

  • No escrow protection (Important to find reputable seller)