Page Summary
With the increasing interest in investing and trading with Ripple in UAE, finding a crypto exchange with a transparent and safe trading platform is essential. There are 29 crypto exchanges in UAE offering Ripple with different trading conditions, making it tough for investors to select the best option for their needs.
Market volatility, lack of regulation, and limited investor protection features make it important for potential investors to understand Ripple trading platforms’ advantages and disadvantages, considering the risk of investment loss in case of exchange bankruptcy.
To help users make an informed decision, key information to choose the best Ripple trading platform in UAE is wrapped up in the list of top choices, in-depth reviews, comparisons, and FAQ.
Best Ripple Trading Platforms in UAE
- eToro – Best For Beginners
- Binance – Top For Low Fees
- Coinbase – Great For Advanced Traders
- Coinmama – Ideal For Wide Range Of Payments
Best Trading Platforms in UAE For Ripple Reviewed
Exchanges with the best Ripple trading platforms in UAE are reviewed below.
1. eToro – Best User-Friendly Ripple Trading Platform
Min Deposit: $50
Fees: 4.8
Assets available: 4.8
Total Fees:
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
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.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. 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
3. 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
4. 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.
How To Choose The Ideal Trading Platforms For Trading and Investing in Ripple?
Criteria to find a crypto exchange with the best Ripple trading platform in UAE are listed below.
- Competitive Trading Fees
- High liquidity/ Trading Volume for Ripple (XRP)
- Transparent Proof Of Reserves (1:1)
- Wide Range of Security Features
- Great Regulation and Reputation
- Diversified Deposit & Withdrawal Options
- Intuitive Trading Interface
Ripple Exchanges in UAE Compared
Key features of top exchanges for trading and investing in Ripple are compared in the table below.
current details as things may have changed.
| Broker | Number of Available Cryptocurrencies | XRP Trading Fees | Liquidity/Spot Trading Volume | Trading Platforms | Customer Service | Regulators |
|---|---|---|---|---|---|---|
| eToro | 79 | 2.45% | High | Web, Mobile app | 24/7 Support Chat, Ticket System | FCA, CySEC |
| Binance | 400+ | 0.0001 XRP | Very High | Web, Desktop, Mobile app | 24/7 Support, Live Chat, Ticket System | Multi-region |
| Coinbase | 250+ | 1.49-3.99% | High | Web, Mobile app | 24/5 Live Chat, Ticket System | FinCEN |
| Coinmama | 9 | 3.9%* | Moderate | Web Basedapp | Live Chat, Ticket System | FinCEN, AUSTRAC |
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.
Conclusion
Trading with Ripple is a popular investment in UAE to achieve financial gains. However, with the rising number of exchanges, potential traders must compare and evaluate key information to choose the ideal trading platform for their needs.
This guide does the hard work to keep users informed by comparing, evaluating and reviewing the services of available crypto exchanges. The Business24-7 experts have previously removed scam offers to guarantee informed decision-making. The assessment results in a list of the best Ripple trading platforms in UAE, wrapped up in the table below.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Beginners | Official website |
| #2 | Binance | 4,6/5 | Low Fees | Official website |
| #3 | Coinbase | 4,2/5 | Advanced Traders | Official website |
| #4 | Coinmama | 4,0/5 | Wide Range Of Payments | Official website |
FAQ
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.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.