Where to Buy Ripple with PayPal – Tutorial
*Highly volatile investment product. Your capital is at risk.
To be able to invest, you will first need to verify your eToro account. This is required by law because you will buy cryptocurrency in your own name. To verify your account, it is necessary to upload a legible copy of your ID card, passport or driving license. You will need to scan it or take a picture of it from both sides.
For a complete step-by-step tutorial on how to buy Ripple (XRP) with eToro, check out my other guide. Actually, it is a tutorial on how to buy Ethereum with eToro, but the process of purchasing Ripple is the same, you will only buy Ripple instead of Ethereum.
Advice: For a secure storage of your cryptocurrencies, I recommend that you use the hardware wallet from the Czech company Trezor.
*eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.