The decentralized payment system of Ripple is used mostly by the banking industry for sending and receiving currencies and settling transactions in a cheaper and faster manner compared to the traditional banking setup. Ripple consists of three parts:
- Ripple Labs led by Brad Garlinghouse the company CEO,
- Its payment system termed as RippleNet, and
- XRP token used for fostering peer-to-peer transactions in the Ripple network.
The concept of Ripple was incubated back in 2004 although it did not get launched officially until 2012. This real-time global settlement network which aims to facilitate cross-border payments has grown by 18000% back since January 2017 and houses tremendous potential of overcoming all odds in days to come. In case you are also thinking to buy ripple, I have mentioned in this article a list of cryptocurrency exchanges from where you can buy Ripple (XRP) tokens.
In spite of having numerous similarities with Bitcoin, Ripple differs in the part that RippleLabs was not intended to be used in a way similar to digital tokens such as Bitcoin. Rather it was devised keeping in mind the banking fraternity to help them conduct their transactions. As another point of difference, Ripple cannot be mined like that of Ether and Bitcoin and has to be verified by parties rather than miners creating the same. Thus, the absolute supply of Ripple coins is bottlenecked and controlled by Ripple Labs which can exercise its dominance over 60% of the coins in existence and circulation. Ripple network’s success also does not depend on the market price of XRP. Ripple can be purchased from an array of websites and cryptocurrency exchanges for being stored in popular wallets with optimum security. Today we shall discuss in brief about the best places for buying the XRP token.
List of Cryptocurrency Exchanges And Websites To Buy Ripple XRP Cryptocurrency
Buy Ripple On Binance
A perfect option for people residing in the EU, the Shaghai based cryptocurrency exchange Binance provides everyone with the chance of trading in cryptos without undergoing the strict verification process when the amount traded is of a reasonable quantum. Both the parties entering into a transaction can transfer the coins purchased to an external wallet without submitting identification documents. This fast-growing cryptocurrency exchange also goes easy on one’s pockets when the exchange fee is paid in terms of Binance tokens. ETH or BTC needs to be transferred for being exchanged in lieu of XRP. With blazing transaction processing speed and low trading fees of 0.1%, Binance technology can process up to 1.4 million orders every second thus claiming its position as the world leader in terms of potential exchange volume.
Buy Ripple On Bittrex
Built and operated in the United States, the Bittrex exchange was created by the best security professionals to function as the next gen crypto trading platform. Hence it is clearly understandable that security serves as one of the foremost parameters in the functioning of Bittrex which aims to save 90% of money deposited in an offline wallet. It levies a standard fee of 0.25% on crypto trading which gets processed at blazing fast speed. Users have to get their KYC verified by submitting identification documents and phone number for withdrawing funds using the Bittrex platform. Two factor Google authentication becomes mandatory in the case of transactions having higher quantum.
Buy Ripple On Poloniex
Poloniex cryptocurrency exchange, founded by Tristan D’Agosta in 2014 is based in Wilmington, Delaware. It was recently purchased by Circle.Poloniex offers only cryptocurrency exchange service and a user cannot buy Bitcoin or anyother cryptocurrency using Fiat Currency. Although it offers cryptocurrency trading in exchange of USDT (Tether)
Poloniex has 0.15% fees for makers, and 0.25% fees for takers. Poloniex offers +100 cryptocurrencies to its users to trade.When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.
Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders.
Poloniex offer offline cold storage for client deposits and only keep a sufficient minimum balance online to facilitate active trading.
Buy Ripple On Bithumb
Bithumb is the numero uno cryptocurrency exchange of Korea which gets routinely ranked under the top ten crypto exchanges around the globe in terms of trading volume. Charging the lowest commission on a global scale, Bithumb has stringent security restrictions which needs to be followed for depositing and withdrawing funds. It’s easy to use platform having very few advanced features is tailor made for beginners who wish to steer away from much complications. Providing support to an array of languages such as Chinese, English, Spanish, Hindi and Japanese Bithumb allows its users to engage in general, easy and reserved trading depending on the individual user flexibility. Bithumb felt prey to a massive hacking attack back in June 2017 which affected 3% of its users.
Buy Ripple On Bitfinex
Bifinex, the Hong Kong based cryptocurrency exchange allows leveraged trading up to 3.3 times along with a related margin funding market meant for lenders. Hailed as the most advanced and largest crypto trading platform on a global scale, Bitfinex allows users to trade their cryptos in exchange of Ripple or Ripple in exchange of USD. Coupled with super-fast withdrawals and deposits, user friendly interface and optimum liquidity, Bitfinex mobile app is available on Android and iOS platforms which has received much adulteration from users across the globe.
Buy Ripple On Kraken
This San-Francisco based exchange, Kraken offers trading in a mix and match of cryptos along with fiat currencies such as Japanese yen, British pounds, US dollars and Canadian dollars. Kraken was the very first cryptocurrency exchange which had its trading volume and price displayed in the Bloomberg Terminal. Security ranks exceptionally high on this platform which offers users with the option of two-factor authentication while exchanging USD or EUR for Ripples. Noted as one of the largest Altcoin/Bitcoin exchanges in United States, Kraken has a simple registration process to be followed by its users for being eligible to trade.
Buy Ripple On Bitstamp
Bitstamp is a highly respected exchange and has been accredited as the most reliable crypto exchange levying comparatively low transaction fee. Best suited for both intermediate and advanced users wishing to invest bulky capitals, Bitstamp can prove to be pretty uneconomical for people trying to trade in small quantum given the whopping levy of deposit fees on such trifle amounts. With humungous daily trading volume, users can make use of this exchange for swapping ether, bitcoin and other altcoins with Ripple. Its mobile application which is supported in iOS and Android smartphones, caters to an array of functionalities such as trailing stop orders, placing limit orders and executing instant orders.
Shapeshift is a Swiss crypto exchange platform operational since 2015 can help users in exchanging their crypto holdings without depositing the same initially or having a verified account for doing the same. Thus, this platform is best suited for users who wish to exchange their crypto holding without revealing their true identity. The virtual tokens get transferred directly from the wallet of users for being sent to the destination wallet. Users can exchange Bitcoin, Ether and 43 other cryptos for Ripple using the super quick and user-friendly Shapeshift. This platform does not make use of any fiat crypto making banks or deposits redundant in most of the countries. Thus, users can conduct their exchange trading regardless of their geo-location.
More Cryptocurrency Exchanges From Where You Can Buy Ripple (XRP) Cryptocurrency
Apart from the above, following are some more cryptocurrency exchanges from where you can buy Ripple (XRP) Cryptocurrency:
Indian Crypto Traders and Investors Can Buy Ripple In India In Exchange Of INR From Following Cryptocurrency Exchanges:
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology , Cryptocurrencies and upcoming ICO’s.