Introduction
Ripple (XRP) is a blockchain-based global payments system renowned for its transparency, security, and efficiency in cross-border transactions. Since its inception as OpenCoin in 2012—and earlier as RipplePay in 2004—it has become a staple in crypto portfolios due to its scalability (50,000+ transactions per second), affordability, and ongoing innovations like lending protocols and NFToken escrows.
For Indian investors, buying XRP requires a compliant, user-friendly platform. This guide covers the step-by-step process, benefits of using Flitpay (a leading Indian exchange), and answers to common queries.
How to Buy Ripple (XRP) with INR on Flitpay
Step 1: Create & Verify Your Flitpay Account
- Sign up with your email and password.
- Complete two-factor authentication via email/SMS.
- Submit KYC documents (PAN, selfie, address proof) for regulatory compliance.
👉 Watch this tutorial for a visual guide.
Step 2: Deposit INR into Your Wallet
- Fund your account via IMPS/NEFT/RTGS.
- Instant deposits may incur fees; standard transfers are slower but fee-free.
Step 3: Place Your XRP Order
- Navigate to the XRP/INR trading pair.
- Enter the amount and click "Buy XRP."
Step 4: Secure Your XRP Holdings
- Store XRP in Flitpay’s custodial wallet or withdraw to external wallets seamlessly.
Why Choose Flitpay?
- Regulatory Compliance: Fully FIU-registered, ensuring legal security.
- Low Fees: Zero withdrawal/deposit fees for crypto; minimal transaction costs.
- User Experience: Intuitive interface with 300+ cryptocurrencies.
Additional Features:
- Crypto cashback rewards.
- Interest-earning options.
- Real-time market analyses (e.g., XRP price predictions).
FAQs
1. Is buying XRP legal in India?
Yes, through FIU-compliant exchanges like Flitpay. Cryptos are investment assets, not legal tender.
2. How much XRP can I buy for ₹1,000?
Divide ₹1,000 by XRP’s current price (check Flitpay’s live tracker).
3. Can I use a debit/credit card?
No. Flitpay only supports bank transfers (IMPS/NEFT/RTGS).
4. How do I convert XRP to INR?
Use Flitpay’s instant withdrawal feature to transfer funds to your bank account (30-minute processing).
5. Are there taxes on XRP transactions?
Yes: 30% capital gains tax + 1% TDS. Learn more about crypto taxes in India.
Key Takeaways
- Flitpay simplifies XRP purchases with low fees and robust security.
- Always verify regulatory compliance and tax implications.
- Diversify with Flitpay’s 300+ crypto options and earning features.
Start your XRP investment today on India’s trusted crypto exchange!
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