Exchange XRP with eToroX – Powerful interface, speed and reputation
eToroX is the latest advanced product from the eToro Group. eToro known as a pioneer in the social investment industry, has recently launched one of the few regulated crypto asset exchanges and wallets. eToroX serves as an XRP exchange through its cutting-edge platform, allowing users to buy, sell, and exchange XRP among other leading crypto assets and coins.
Trade XRP with eToroX
- An advanced and powerful exchange that brings security and trust
- Trade crypto assets for a large selection of stablecoins and digital assets
- Take advantage of some competitive XRP exchange fees
Understand Ripple (XRP) and its place in history
Ripple itself is the cryptocurrency platform that was created by Ripple Labs in San Francisco. The cryptocurrency of the Ripple network is called XRP. Ripple was created with the aim of acting as a peer payment platform, an alternative to the current banking system we know and use. Although XRP wasn’t created to pay for things, as it turns out, you can use XRP for payments too. Unlike most cryptocurrencies, Ripple doesn’t use the standard blockchain, rather it uses a consensus of network participants. This is seen as highly advantageous to the banks and payment providers from the perspective of serving confidence.
XRP’s advantages over BTC and ETH:
- Faster transaction time, an average of only 4 seconds compared to ETH’s 2 minutes and BTC’s 10 minutes
- Ripple uses a common shared ledger, thus seen as more secure by banks and payment networks
- Payments on Ripple can be made in any asset eg. Amex points, cryptocurrencies, fiats etc
Learn more of the benefits of trading XRP
XRP serves as an entirely different nature to the other cryptocurrencies and can therefore be used to bolster a diverse crypto and traditional portfolio. It is backed by many projects and has strong relationships with traditional finance. You can trade XRP on the eToroX XRP exchange, as well as buy and sell the currency. It is worth keeping an eye on in the future because of all the interesting ties Ripple has to projects and the financial world at large.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.