XRP is the native cryptocurrency of Ripple, Inc and runs on a centralized blockchain. It is an excellent asset for payment settlement, digital coins exchange, and remittance systems. Ripple XRP is pre-mined on a Ripple trading platform and used by banks for forex transfers.
The best trading platforms for Ripple are eToro, Binance, Coinbase, and Coinmama. This article discusses the strengths and weaknesses of the leading trading platforms for Ripple.
Best Trading Platforms For Ripple:
- eToro is the leading user-friendly platform for trading Ripple.
- Binance is the best trading platform with transparent fees and excellent support.
- Coinbase is the top choice for advanced traders.
- Coinmama is the top choice for traders at all levels who want access to Ripple, Ethereum, and Bitcoin.
|#1||eToro||Competitive fees||4.9 / 5||Leading user-friendly platform||Official website|
|#2||Binance||Excellent support||4.3 / 5||Best tplatform with transparent fees||Official website|
|#3||Coinbase||Offers custodial wallets||4.4 / 5||Top choice for advanced traders||Official website|
|#4||Coinmama||Excellent safety measures||2 / 5||For traders at all levels||Official website|
Best Trading Platforms For Ripple In Overview:
01. eToro: Best User-Friendly Ripple Trading Platform
eToro is the leading Ripple trading platform with competitive fees and user-friendly platforms. It offers a dedicated eToro wallet and a unique minimum withdrawal fee for each asset. eToro account holders receive access to popular coins, including Ripple and Bitcoin. It is a good choice for traders looking for professional tools for trading CFDs.
eToro is a social trading broker with 16 different crypto coins. Social trading with digital assets at eToro works the same as social forex trading. Users search for a trader’s portfolio they want to follow and click “Copy.” We recommend eToro for traders at all levels who wish to access professional Ripple services.
02. Binance: Best Customer Support For Ripple Trading
Binance is a popular crypto exchange worldwide. It provides access to many digital assets, including Ripple. Binance has 100+ different trading pairs, including fiat currency pairs. This exchange offers premium account features, including staking rewards.
Binance is a top choice for professional XRP trading enthusiasts. Account holders get access to instant buy features with a debit card. Customer support at Binance is excellent and offers knowledgeable answers to most queries. Binance doesn’t provide a native hot wallet. It has limited learning tools and some research features. We recommend Binance to advanced traders who want access to lower trading fees.
Related: Binance review
03. Coinbase: Best Ripple Trading Platform For Professional Traders
Coinbase is a trustworthy crypto trading platform with access to many coins. It has a versatile portfolio and a competitive fee structure. Coinbase Pro is a top choice for professionals with access to a lower fee structure.
Coinbase offers custodial wallets to help account holders secure their assets. The Pro platform is free and offers professional tools. This exchange provides many investment solutions for all its clients. Coinbase Earn is an interesting staking reward system with excellent incentives. Coinbase offers 80+ digital coins, including Ripple, Bitcoin, and Litecoin. We recommend it for professional traders.
Related: Coinbase review
04. Coinmama: Best Ripple Trading Platform For Traders At All Levels
Coinmama is a leading Bitcoin exchange with access to many coins, including Ripple. It offers excellent safety measures for all Coinmama account holders. This exchange has the best experience for credit/debit card transactions. Coinmama has a high spending limit for deposits.
Coinmama is available in most countries. It offers fast account verification and lets traders invest in Ripple immediately. This exchange’s fees might get expensive. We recommend Coinmama for traders at all levels.
Related: best UAE crypto exchange
How We Choose The Best Trading Platforms For Ripple?
At Business24, we help savy investors make the best decisions with their money. We know that the word “best” is subjective, which is why we focus on sharing both strengths and weaknesses of crypto exchanges. We use 105 criteria to review exchanges and digital assets to help you make an informed decision.
We review popular exchanges with real accounts and money. The main criteria for selection include fees, assets, trading tools, and safety.
Fees: A transparent fee structure adds to a great trading experience. Some Ripple exchanges offer a simple fee structure, others do not. Check our in-depth reviews for details on fee structures for each cryptocurrency exchange.
Account: Each exchange has different account tiers. Some crypto exchanges request a minimum deposit fee. Others won’t request an initial deposit for opening new accounts. Read our in-depth reviews to learn more about account options and crypto exchanges.
Withdrawal and deposit: Funding your account needs to be straightforward. Depositing funds takes longer with some exchanges than with others. Learn about the policies at each exchange in our in-depth reviews.
Market and products: Each crypto exchange has its own markets, native currency, and digital asset coverage. You should choose a trading platform with a versatile portfolio. Check our in-depth reviews to discover more details on markets and exchanges.
Trading platforms and apps: A user-friendly platform contributes to an excellent trading experience. Choose an exchange with an easy-to-learn platform. The Ripple trading platforms in our review are reliable, but some might be challenging for inexperienced traders. This are the best apps for crypto trading.
Customer support: Customer support is vital for your cryptocurrency success. The best Ripple platforms offer live chat, email, and phone support.
Safety: A reliable trading platform has top-tier licenses from a regulatory body. It offers industry-leading safety measures for all account holders. Read our in-depth reviews to discover more details about online trading and safety.
How To Open A Trading Account With eToro?
eToro is the leading platform to trade Ripple. It offers excellent social trading services and trading platforms. Traders buy Ripple XRP with a minimum trade requirement of $10. The minimum deposit fee at eToro is $200. There are four simple steps to open a trading account with eToro.
Step 1: Access the eToro official website
Go to the eToro official website. Click on this link: https://www.business24-7.ae/etoro-crypto-start.
Step 2: Click on the Get Started button
Next, you have to click on Get Started. This button will redirect you to a new page for setting up new accounts.
Step 3: Create and verify your account
To buy Ripple through eToro, you have to sign up, verify your account and make a first-time deposit. The system will let you buy, hold, and sell Ripple and other cryptos.
Step 4: Buy Ripple (XRP)
eToro account holders buy, hold, and sell fractions of Ripple. To own Ripple XRP, you don’t need to buy a full XRP coin. A 0.000001 bit of XRP is referred to as a “drop” and is the smallest tradeable unit of Ripple XRP. Customers trade all cryptocurrencies available at eToro with fractional of the total coin.
eToro, Binance, Coinbase, and Coinmama are the best platforms for trading Ripple in 2022. All platforms have strengths and weaknesses depending on your trading skills and experience. We recommend eToro to traders at all levels who want access to a competitive fee structure and social trading services. Binance offers excellent support for XRP trading.
We review the best Ripple trading platforms across 105 data points. We use real accounts, trading platforms, and transactions for an accurate review. Read about our system in our Methodology section.
Who Created Ripple?
Ryan Fugger is the software developer who founded the Ripple network in 2005. XRP is the native coin of Ripple. Traditional financial institutions prefer using Ripple XRP for settlement between currencies. It has increased in popularity, growing in adoption with the larger cryptocurrency networks. XRP trading is popular in 2022, especially with retail investor accounts.
Is Ripple Available In The U.S.?
U.S. traders have difficulties accessing Ripple trading platforms. An SEC lawsuit against Ripple trading makes it difficult to trade XRP in the U.S.
Is A Crypto Wallet Necessary For Trading Ripple?
Yes. Traders invest in XRP only via a wallet. An XRP wallet offers private and public keys to sign transactions and manage your funds. Read our in-depth reviews to learn more about crypto trading and wallets.
Which Is The Simplest Way To Create A XRP Wallet?
The best steps to take when creating a digital wallet are:
– Select a Ripple exchange account to buy/sell cryptocurrency;
– Choose a hot wallet to hold small to medium amounts of digital assets;
– Choose a cold wallet for larger holdings and long-term investments.
Is There A Minimum Transaction Fee To Trade Ripple XRP?
Yes. The minimum transaction fee on the Ripple blockchain is 0.000010 XRP, also known as 10 “drops.” This fee is charged by the network, not by the banks or eToro.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money
- 1 Best Trading Platforms For Ripple:
- 2 Best Trading Platforms For Ripple In Overview:
- 2.1 01. eToro: Best User-Friendly Ripple Trading Platform
- 2.2 02. Binance: Best Customer Support For Ripple Trading
- 2.3 03. Coinbase: Best Ripple Trading Platform For Professional Traders
- 2.4 04. Coinmama: Best Ripple Trading Platform For Traders At All Levels
- 2.5 How We Choose The Best Trading Platforms For Ripple?
- 2.6 How To Open A Trading Account With eToro?
- 2.7 Summary
- 2.8 FAQ
- 2.9 Who Created Ripple?
- 2.10 Is Ripple Available In The U.S.?
- 2.11 Is A Crypto Wallet Necessary For Trading Ripple?
- 2.12 Which Is The Simplest Way To Create A XRP Wallet?
- 2.13 Is There A Minimum Transaction Fee To Trade Ripple XRP?