Globally cryptocurrency investment makes a revolution in the fintech industry. A lot of peoples are expecting high returns on investment in a short time period and the investment asset need to safe and secure. As per their expectation, the crypto investment gives satisfaction to them and the most specific feature in this investment is the digital assets are handy, Safe, and Securely stored in the wallets.
In Cryptocurrency Market there are 1000+ Digital Assets are available for trading and the most common well-known cryptocurrency is Bitcoin. After the bitcoin, Ethereum and Ripple hold the second-largest cryptocurrency in market capitalization.
Things to know about Ethereum and Ripple:
While both ripple and Ethereum are typically thought of as cryptocurrencies, they are much more — and these labels have larger implications.
What is Ethereum?
Ether is a word that frequently refers to Ethereum. Ethereum is a digital platform that enables the development of a variety of decentralized apps. Security programs, voting systems, and payment procedures are examples of these uses. Like bitcoin, Ethereum functions independently of a central authority such as banks and governments.
Vitalik Buterin has the concept for ethereum. With the aid of other co-founders, he created the first edition of the platform in 2015. Since then, it has exploded in popularity, prompting the emergence of a slew of new bitcoin competitors.
Ethereum's significance stems from the fact that it freed blockchain technology from the financial constraints of Bitcoin and broadened its scope. It demonstrated to the rest of the world how other industries may benefit from its use.
As a result, Ethereum is a unique programmable blockchain.
What is Ripple?
Ripple was released in 2012 and has a market capitalization of $30 Billion. Ripple is not a cryptocurrency in the traditional sense. Rather, it's a peer-to-peer digital payment network and protocol built on a decentralized platform. This distinguishes it from other digital currencies. The Ripple network employs a novel distributed consensus technique rather than the traditional approach of blockchain mining. To validate transactions, participating nodes perform a poll to check the transaction's legitimacy. This occurs almost instantly, allowing for quick confirmations without the use of a central authority.
Ripple's cryptocurrency is based on the XRP ledger. As a result, many people confuse the terms 'XRP' with 'Ripple.' It can be used in the same way as any other cryptocurrency. It can be purchased as an investment, exchanged for fiat currencies (or other cryptocurrencies), and used for online or in-person transactions.
How to Buy Ethereum (or) Ripple?
> Choose a cryptocurrency exchange app :
Cryptocurrency exchange platforms are used to buy, sell and trade your favorite cryptocurrencies like bitcoin, Ethereum, Tron, Ripple, and Other Altcoins. Koinbazar is a global cryptocurrency exchange platform designed to make trading as easy as possible
> Deposit Fiat :
You"ll need to deposit INR in your trading platform by linking your bank account to purchase Ethereum or Ripple as you Wish.
> Buy Ethereum or Ripple :
Traders can deposit their funds to the wallet that makes it more convenient to Buy Ethereum with INR or Buy Ripple with INR.
> Use a wallet :
After your purchase, your cryptocurrency gets stored in the digital wallet that is been offered by the exchange platform. The most important thing is to have a backup of your wallet address for security purposes.