Ripple trading has become one of the most exciting altcoins in the crypto market of the last few years. The technology was actually launched back in 2012 but has only recently started being recognised as a major technology in it’s own right.
Ripple Labs are now working directly with large and established financial service providers to provide them with blockchain technology. With this technology adoption, Ripple (XRP) has become a major player in the cryptocurrency sector.
Ripple Trading Australia, trading vs buying?
Buying Ripple (on an exchange) will allow you to own the altcoin and benefit from the rise in price. However, as we have seen with all cryptos, the price can fall just as quickly and you can actually lose money as you go in to negative equity.
This is where trading has huge advantages and is just as easy to do. When you trade Ripple, you never own it, but you take advantage of the price rising AND falling. On a Ripple trading platform (as per the ones below) you trade on the price going down as well as well as up.
Ripple has itself seen a double digit price change in the last 6-12 months, so even if the price is going down, you can take advantage, something you can’t do if you simply buy it on an exchange.
Best Ripple Trading Platforms in 2018!
|Website||Broker Rating||Cryptocurrencies Available||Trading Method||Fees||Location/ Licence||Visit|
|Bitcoin, Bitcoin Cash, Ethereum, Litecoin & Dash||CFD and FX (capital at risk)||Free to join, competitive spreads|
Australia / ASIC
|Bitcoin, Bitcoin Cash, Ethereum, Litecoin & Ripple||CFD & FX (capital at risk)||Free to join, fixed spreads|
Ripple is an open source currency exchange protocol and Cryptocurrency launched by the Ripple Labs company which aims to support “secure, instant and nearly free global financial transactions of any size”.
Ripple technology allows both financial services companies like banks, as well as regular online businesses, to incorporate the Ripple protocol within their own site, allowing the frictionless transfer of funds.
Ripple is powered by a decentralised digital ledger of transactions. Ripple coins are known as XRP of which there are 100 billion in total.
One of the main differences between Ripple and some other Cryptocurrencies is that Ripple is by and large backed by some of the world’s biggest banks, including the likes of Santander, UBS and AMEX.