Exchange Ripple (XRP) with Lowest Fees
Wondering how to swap the cryptocurrency to XRP? You came to the right place. Having XRP tokens in your portfolio might be a good idea. Ripple is a very reliable global payments network and one of the oldest cryptocurrencies that has been performing well in the market lately. Focused on financial structures, Ripple Labs is spreading more and more among ordinary investors every year. So, what is the best way to buy Ripple?
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How to exchange XRP
XRP trading is not rocket science as it might seem from first sight. You can choose various platforms, from traditional trading sites to p2p platforms. However, the most convenient way is to use an instant platform like Changelly. There are only a couple of steps to buying Ripple on our platform.
Firstly, you should choose the cryptocurrency you want to swap XRP with. Changelly offers you to swap cryptocurrencies in two ways – at a fixed and floating rate. When you choose a floating rate, you will get the final amount that can slightly change depending on the market situation. A fixed rate means that the final amount won’t change. After you have selected the cryptocurrency and transaction type, fill in your wallet address. Do not forget to mention the XRP destination tag, as well as the refund address. The XRP transactions should be complete shortly, and your coins will arrive in your wallet in a matter of minutes.
Desktop
Use fixed or floating rates to handle trading pairs with Ripple on Changelly at the best rates and with low fees.
Mobile
Use the Changelly app to quickly and easily buy XRP on the go. Enjoy a fully functional cryptocurrency exchange on your smartphone!
Don’t have XRP?
Don’t have any Ripple? That’s ok! You can buy XRP on Changelly easy and fast. Use your bank card, Apple Pay, or a bank transfer to purchase Ripple and other digital assets on our platform.
About
What is Ripple?
Ripple is a global cross-currency and payment system created in 2012 by Ripple Labs. The main advantage of the network is that it allows mutual transfers to anywhere in the world in just a few seconds. XRP is the native cryptocurrency of the Ripple protocol.
This makes the XRP ledger a very attractive choice for financial institutions that rely on a real-time settlement system. In late 2017, it was announced that the American financial giant American Express and the Spanish-British group Santander were switching to the Ripple protocol for transatlantic payments. Also, more than 75 settlement systems and 90 banks around the world, including UniCredit and Standard Chartered, use this protocol.
Is Ripple Illegal?
Digital assets aren’t seen as money, but they are still legal to use as a medium for exchanging goods. This means you’re free to pay in Ripple at any vendor that accepts it.
Ripple has been a part of the legal showdown with the Securities and Exchange Commission for many months, coming close to a year. The complaint alleged that Ripple raised funds in unregistered securities, which goes against the Federal Securities Laws. Ripple ferociously disputed the allegations. This is an ongoing battle, so we’re yet to see the resolution. In the meantime, the use of XRP hasn’t been limited or banned anywhere.
How to Exchange Ripple for Cash?
We recommend converting Ripple to fiat currencies through Changelly. Then, after the money is sent to your bank account, you can locate your nearest ATM and cash out there. It’s a two-step process but convenient nevertheless.
If you’re lucky, you’ll see your city on a worldwide map of ATM machines that support XRP. But if not, feel free to use the method we described above.
What Is the Ripple Exchange Rate?
Over the course of Ripple’s history, the exchange rates have been up and down, but they haven’t been able to reach their 2018 heights. At a humble value of around $1, Ripple still manages to score an impressive market cap of almost $60 trillion, placing it at the top ten largest cryptocurrencies.
If the network keeps up the good work, the value is likely to experience long-term growth in value.
What Is the Ripple Exchange Fee?
It depends on whether you convert it to fiat currency or digital currency. For fiat transactions, we set the fee at 0.5%. For crypto-to-crypto transactions, we’ll also account for network fees. These are given to miners who confirm and process transactions on the blockchain.
In September 2021, Ripple announced that they are looking to build a crypto platform for market makers. Perhaps this will change the commission landscape for the network, but there is no confirmed information.
What Is the Minimum Amount to Invest in Ripple?
The team behind Ripple decided to enforce a reserve requirement of 20 XRP, which is uncommon in the crypto market. In the USD price, $25 is the minimum amount you can store in your XRP address.
As for Changelly, we normally process transactions starting from 78 XRP (equivalent to 0.00143 BTC). This is done to offset network fees and deliver you the funds effectively.
How to Move Ripple From an Exchange to a Wallet?
If you want to ensure your investments in XRP work in your favor, you need to store them in a safe place. Most people in the crypto sphere agree that keeping your funds on digital asset exchanges isn’t the best idea.
Your private wallet generates a blockchain address and associated private key. So, all you need to do is go to the exchange and use the send option to send the coins to your wallet address.
What Is the Best Ripple Wallet?
Since Ripple is routinely featured on the list of top currencies, so you’ll have no trouble finding a great wallet. Let us just list a few of them: Binance exchange’s native wallet, Infinito, Jaxx Liberty, Ontology, Ginco, and Ember.
If you want to level up your security, consider switching to cold storage like Trezor, VC Vault, Ledger, and CoolWallet S. Since these devices don’t have constant access to the Internet, they can’t be hacked or cyberattacked.