Ripple and Ripple were both founded in 2012 to enhance the global asset liquidity pool and enable real-time fund flow around the world at extremely low fees. Over the years, its value has experienced growth of up to 4,000%, reaching a price peak of $3.84 on January 4, 2018. Today, it remains one of the leading cryptocurrencies surrounded by a vibrant and growing ecosystem.
Binance is international One of the most popular exchanges on the Internet, its rapid rise has set a model for those that are less popular.
To some extent, Binance’s rise is due to the industry’s low handling fees and successful screening of tokens including Ripple.
In fact, Ripple is one of the most basic deposits of the exchange. Can be easily exchanged with other cryptocurrencies.
Despite the convenience and low fees, Binance does not support direct bank deposits, so you will need to use a credit or debit card to make purchases with Koinal.
This service also requires additional fees. Direct purchases require 2.5% of the total transaction fee and can take up to 20 minutes to complete.
Also, you can deposit 176 supported cryptocurrencies to the exchange and exchange them for XRP.
For entry-level cryptocurrency traders interested in purchasing XRP, KraKen is A top exchange. It accepts deposits in 5 fiat currencies and supports dozens of different local deposit options – SWIFT transfers, FedWire’s, SEPA transfers, wire transfers, and even Canadian personal cash deposits. However, you can’t top up your account via credit or debit card – KraKen doesn’t support these transactions.
Like most exchanges, it will require identity verification when you sign up.
The five legal currencies supported by KraKen include US dollars, euros, Canadian dollars, British pounds, and Japanese yen. The fees and duration depend on your deposit option – expect to pay anywhere from free to $35 or 0.125% EUR.
See KraKen’s Deposit Options Chart to learn more and find the best option for you.
Once you deposit your funds, you can buy XRP on KraKen’s marketplace for 0.26% per trade.
*75% of retail CFD traders lost money
First , eToro is a derivatives trading platform for “bullish” or “bearish” positions on Ripple and other cryptocurrencies. Nonetheless, if you purchased actual XRP coins and are bullish on them, you can safely store them in your private eToro wallet.
Another great thing about eToro is that it offers probably the widest range of deposit options in the entire cryptocurrency industry. You can deposit using:
In addition, it is also an international platform with wide coverage, supporting users in most countries around the world. Notably, Japan, Canada, Turkey, and a handful of other countries are excluded.
eToro does not charge trading or deposit fees for unlevered positions, but there is a 45 XRP fee to open a XRP wallet. Once you move digital currency from the eToro platform to the eToro wallet, you cannot move it back. Additionally, the status of eToro wallets may vary by region, and you must be a verified user to use the service.
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