Ripple is right at the top of the list when it comes to promising cryptocurrencies alongside Bitcoin, Bitcoin Cash, and Ethereum. Where can I trade Ripple? We have taken a close look at the various options of how you can trade Ripple. Also, you’ll find out what distinguishes Ripple from other cryptocurrencies.
Ripple is one of the largest cryptocurrencies in terms of market cap. Unlike Bitcoin, Ripple also aims to work with banks. Ripple thus occupies a special role in the group of digital currencies and is also referred to as a banking cryptocurrency.
From a technical point of view, Ripple is an open-source protocol and is an international payment network. It was launched by Ripple Labs in 2012. The idea for the Ripple network came from Ryan Fugger, Chris Larsen, and Jed McCaleb. Their idea — Ripple has to make the peer-to-peer principle (P2P) accessible to large financial institutions. But enough about Ripple itself. If you’re still wondering ‘Where can I trade Ripple?’, then this is the right place to find out!
Where Can I Trade Litecoin for Ripple: What Are the Main Options?
In order to benefit from Ripple, you as an investor can choose between various options. For example, you can buy a real Ripple coin or trade different financial instruments. What are the best trading options available? Where can I trade Litecoin for Ripple? Find out even more information in this section. Let’s get started!
Buy XRP on a Crypto Exchange
If you’re interested in buying the crypto safely, you should definitely think about doing this at Switchere. On our platform, you have an opportunity to buy and sell XRP in the fastest and most convenient way. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
Also, you may wonder ‘Where can I trade Litecoin for Ripple?’ or ‘Where can I trade Bitcoin for Ripple?’. This is where Switchere converter comes into play. The converter makes exchanges of both fiat money to cryptocurrencies and from one type of crypto to another. Feel free to use our services!
Buy Ripple CFD Quickly & Easily
A particularly easy way to participate in Ripple’s performance is a Ripple CFD. The abbreviation CFD stands for Contracts For Difference. A CFD is basically nothing more than a derivative. This means that the value of a Ripple CFD depends on the performance of an underlying asset. One advantage of Ripple CFDs — you can participate directly in the development of Ripple and don’t have to physically own the coin.
To trade crypto CFDs, you need to open a CFD account. If you want to buy or sell Ripple CFDs, you can use Plus500, for example. With this provider, you can deposit your money by credit card or PayPal and open an account in just 15 minutes.
Buy Ripple Certificates
Ripple certificates are another way of participating in Ripple’s performance. Here, investors don’t acquire ‘real’ Ripple coins as well. Rather, the certificate only reproduces Ripple’s performance.
As an investor, you can choose between different certificates. Structured products based on other cryptocurrencies can also be traded. A tradable Ripple certificate is the Ripple Open-End Participation Certificate (ISIN DE000VF7R1P / WKN VF7R1P) from Vontobel. Alternatively, you have the option of purchasing various mini-futures on Ripple, for example also from the Vontobel provider.
Our recommendation — with certificates, you can easily participate in the performance of Ripple and use a stock exchange. All you need is a securities account and you can start trading with certificates.
Where Can I Trade Bitcoin for Ripple: How Can I Buy Ripple?
Once you’ve found out ‘Where can I trade Bitcoin for Ripple’, let’s go further. Of course, in addition to participating in Ripple’s performance, you also have the option of buying a real Ripple coin. Then you physically own Ripple. You can store the real coins in a Ripple wallet, which is something like a digital crypto wallet. All you need to do is to set a strong password for your wallet.
Ripple providers themselves recommend the Gatehub online wallet for storing Ripple coins. The decision of how and where you store your Ripple coins depends on you. All you need to create a digital crypto wallet is an email address and a password. Once you’ve created a wallet, you have various options for trading Ripple.
Where can I trade Ripple? What are your own options guys? Feel free to share your thoughts in the comments! Have a great weekend!