Background
When we first started developing Xumm, our goal was to create a user friendly, extremely secure and super-reliable way to interact with the XRP Ledger and while we are well on our way to achieving our goals, our users also requested another feature... an easy and efficient way to purchase XRP directly from Xumm!
Well, we listened and after a lot of hard work, we are excited introduce a couple of new services to the XRPL community.
How to purchase XRP
Xumm users now have several options for purchasing XRP.
Xumm On/Off-Ramp
For our users who are located in the Netherlands. we offer an On/Off-Ramp service to our Xumm Pro users. This allows our Pro users buy XRP with EUR at extremely competitive rates.
If you are a new user looking to activate an new account or just someone who would like to purchase XRP at great rates, this should be your first choice!
Learn all about this service here:
BTC Direct
If you are located in a European country other than the Netherlands, we have partnered with a company called BTC Direct where you can purchase XRP.
In Xumm, simply press the xv button at the bottom of the screen, then select the BTC Direct xApp.
Banxa
If you are located in outside of Europe, we have partnered with Banxa for XRP purchases.
In Xumm, simply press the xv button at the bottom of the screen, then select the Banxa xApp.
Some of these services overlap. How do I choose which one to use?
Deciding which on-ramp service to choose can be a bit challenging.
As a test we recently on-ramped 50 EUR to compare rates. Here were the results:
- Using the Xumm On/Off-ramp service, we received 136 XRP.
- Using the BTC Direct On-ramp service, we received 130 XRP.
- Using the Banxa On-ramp service, we received 126 XRP.
Based on this information, if you are interested in getting the best conversion rates, our service is your best choice.
However, until we expand our services to other countries, you need to consider that both Banxa and BTC Direct currently service a larger number of regions, so choosing one of them would be a better choice.
Also consider the fact that BTC Direct currently offers an Off-ramp service while Banxa is still working on implementing this. If you plan to off-ramp funds and you are in Europe, you should consider BTC Direct.
We are still working with potential partners to expand these services so don't be surprised if you see other on/off-ramp service providers in Xumm in the near future. 😊
What if I encounter issues with Banxa or BTC Direct during the purchasing process?
Both Banxa and BTC Direct have their own support department which can assist you with your purchase.
- Banxa can be reached here: https://banxa.com/help-centre/
- BTC Direct can be reach here: https://btcdirect.eu/en-gb/contact
...and of course, if you encounter an issue where you are unsure about how to proceed, you can always contact us via the Xumm Support xApp. Just scan the QR at the bottom of this article with Xumm and we would be happy to help!
Additional reading
- What is XUMM? (Explainer video 1/5)
- Where are your funds stored? (Explainer video 2/5)
- How can you access your funds? (Explainer video 3/5)
- Welcome to Xumm Pro Beta! 🎉
Notes
We understand that you might have additional questions regarding this topic so you are welcome to contact us any time via the Xumm Support xApp in Xumm or you can simply scan this QR code with Xumm and be directed there automatically.
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