A simple guide to buying Ripple (XRP)

Education May 27, 2020

Ripple (XRP) has been around for a long time. It works slightly different from cryptocurrencies like Bitcoin and Ethereum. The main differences are how they come to consensus on the transactional truth. You can learn more in this article. Once you are ready to purchase your first XRP, Safello has you covered. Here are the threee simple steps to get started.

  1. Create a digital wallet.
  2. Verify your identity with Mobile BankID
  3. Start buying XRP with Swish!
Visit https://safello.com/xrp/buy/ to use this widget

By creating a digital wallet, you automatically become a user on the XRP ledger

Your wallet registers all of your transactions. It also gives you a user ID which allows you to easily check your balance. At Safello we believe in having control over your funds. A note of warning is to make sure to make proper backups for safekeeping, no matter how small an amount your are storing.

We recommend the following wallet providers:

  • If you want to handle larger amounts of XRP, we recommend Trezor or Ledger.
  • We recommend Edge if you want a wallet on your mobile phone.

Simple identification with Mobile BankID

BankID is a citizen identification solution that allows companies, banks and governments agencies to authenticate and conclude agreements with individuals over the Internet. It's the most popular way to identify yourself in Sweden. Contact your bank to set it up.

Contact your bank about BankID (https://www.bankid.com/en/)

Simple, secure transactions all across Europe

It’s easy to convert your local currency into XRP. You can buy XRP using Swish, bankgirot or SEPA. The first option is Swedish' most popular payment method and funds will arrive on our bank account instantly. Bankgirot and SEPA transfers typically take a day to clear. As soon as the funds arrive with Safello we will complete your order. Do note that we may from time to time have to do additional compliance checks, in which case it may not process in real time.

First time buyer of XRP?

The Ripple (XRP) world is as exciting as it is big. At Safello, we place great importance on secure systems and seamless transactions with no hidden fees. Registered with the Swedish FSA, Safello is regulated as a financial institution. We follow the EU Anti-Money Laundering directive and employ industry-leading safeguards to make sure every purchase is safe. Visit our customer support section to learn more.

Frank Schuil

CEO & co-founder Safello.

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