Trade
XRP Trading
Ripple is an appealing choice for those who are looking to gain some potential profit. Ripple is hugely volatile, which makes it profitable, especially for short-term traders. Its widespread adoption by many banks and an increase in growing global interest has caused its price to spike. The price fluctuation offers the environment which is needed to bolster the profit from the Ripple. As Ripple promises faster transactions, its market value will grow in the future. It is also energy efficient that draws support from various financial institutions. The bold move of Ripple to work with major financial institutions seems to pay it off.
Where can I trade Ripple?
There are various crypto exchanges where you can trade XRP. However, you cannot buy XRP directly from fiat currency. The simplest way to buy some XRP is to first buy some Ethereum or Bitcoin. Purchasing Bitcoin is easy as there are many exchanges that sell it for local currency. The most popular one is Coinbase. Other methods to buy Ripple include buying peer-to-peer with services like LocalBitcoins or from the exchanges like Bitstamp. Once buying Bitcoin, you can send it to different altcoin exchanges where you can exchange it for XRP. The exchanges that you can use are Bittrex, Binance, or Poloniex.
You can keep the XRP you purchased on the same exchange you bought them from, but this is not recommended. Exchanges are insecure when it comes to cryptocurrency storage. For this reason, it is advisable that you hold your XRP in a chosen Ripple wallet. There are tons of wallets to choose from, like hardware wallets, desktop wallets, mobile wallet, or software wallet. Each of these has its own pros and cons.