Ripple (XRP)

Mkt. Cap.
$ 43.046 B
Vol. 24h
$ 133.210 M
Open 24h
$ 0,00
Low/High 24h
$ 0,00 - $ 0,50
Since
02/02/2013
Circulating Supply
99 991 850 794
Total Supply
38 305 873 865
Difficulty Adjustment
1 block
Block R.R.
-

CEX.io

CEX Logo
CEX.io Overall rating: ★★★★★ 4.6 based on 6 reviews
5 1
Margin Trading
Yes

EXMO.com

EXMO Logo
EXMO.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
Yes

GDAX.COM

GDAX.COM Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
No

XCOINS.IO

XCOINS.IO Overall rating: ★★★★☆ 3.5 based on 7 reviews
5 1
Margin Trading
No

BISQ

BISQ Overall rating: ★★☆☆☆ 2.3 based on 8 reviews
5 1
Margin Trading
No

TeraBox

TeraBox Logo
TeraBox Overall rating: ★☆☆☆☆ 1.3 based on 6 reviews
5 1
Fraud Risk
Medium

Ripple: A Detailed Description and Smart Facts

Ripple is a cryptocurrency and financial network that supports instant transactions on a global basis regardless of the currency type. Currently, Ripple establishes cooperation with the largest banks and aims to conduct the most efficient payment methods possible. Ripple encourages users to break free of financial networks, credit cards, banks and other corporations that call the shots on the worldwide market.

How it works?

The main aim of Ripple is to improve and accelerate currency transfers and make them as simple and fast as sharing content online. This company strives to decentralize digital currency and make money flow freely. This system differs from the others by an absence of blockchains usually used for transactions.

The revolutionizing power of Ripple lies in the inter-bank currency transfers powered by XPR tokens. These tokens can be transferred in the real time across the globe reducing fees related to payment operations, compliance, liquidity and keeping. The main advantages of employing XPR are:

  • Reducing fees for translation of foreign exchange;
  • No need to maintain cash position in different currencies across nostro accounts;
  • Less failure points and as a result lesser operation cost;
  • Ripple reduces compliance costs.

Main advantages of Ripple

  • High transaction speed

One of the main advantages of Ripple is the speed of money transactions: it takes four seconds to conduct a financial operation.

  • Stable price

Unlike Bitcoin, Ripple’s services have stable cost. While the price of transactions in the Bitcoin system continues to grow, Ripple remains inexpensive and transportable to anywhere in the world.

  • Confidentiality

All operations inside the Ripple system are private. Users can view the list of transactions however the payments stay completely anonymous. This allows you to make financial transactions within Ripple incognito and removes the necessity to fill out financial declarations.

Sites to buy Ripple

HitBTC is an English platform registered in 2015. In addition to cryptocurrency exchange, it also provides tokens.

CEX.io is one of the oldest and largest platforms where users can buy/sell bitcoins as well as XPR. This website has a lot of dedicated users, however some people claim that it has a lot of hidden fees.

Bitfinex is known for a great volume of advanced trading capabilities and unique features. The only minus mentioned by users is high fees.

This is a user-friendly, fast and secure service where you can buy/sell cryptocurrencies and get XPR tokens.

Conclusion

Ripple provides a valuable offer for financial institutions that are looking for the worldwide reach. With XRP tokens, banks can transact directly and instantly with any other partner, reducing costs for financial operations. Users might benefit form a possibility of cost-efficient transfers, universal pooling and low-esteem settlements.