How to start trading Ripple (XRP) on PrimeXBT?

Trade Ripple (XRP) with leverage on PrimeXBT

Ripple, also known as XRP when referring to the cryptocurrency token, is a crypto asset intended to be used as a real-time cross-border remittance alternative to SWIFT and other money transfers.

It is created and run by Ripple Labs, a US-based technology company.

Ripple generally ranks in the top three crypto assets by market capitalization and is an attractive investment for traders due to its aim to disrupt cross-border payments.

Traders at PrimeXBT can take advantage of advanced XRP trading tools and strategies.

PrimeXBT is a cutting-edge online trading platform that offers traders all the necessary tools to buy, sell, and trade Ripple in the cryptocurrency market.

PrimeXBT introduces a third-party service called CEX.io that enables the exchange of other crypto assets, fiat currencies, and more for Bitcoin.

Also, users can buy Bitcoin with a credit or debit card to fund their trading accounts and start trading with Ripple right away.

Alternatively, users can deposit their own Bitcoin to the PrimeXBT wallet’s BTC address.

Invest in Ripple on PrimeXBT

Why trade Ripple with PrimeXBT?

Trading Ripple can be very profitable due to its extreme price volatility.

During past bull markets, Ripple often surged hundreds of percent in a matter of a few days or weeks.

Ripple’s market rate has fluctuated wildly, hitting an all-time high of over $ 3.60 per XRP, and then dropped to just 23 cents.

Easy to get started

Get started in minutes with a quick and easy registration procedure and a low minimum deposit.

Low trading commissions

Save on commissions! Benefit from PrimeXBT’s low commission rates and tight spreads while trading all available assets.

Trading safely

Enjoy PrimeXBT’s security features that will ensure that your personal data and funds are always protected.

The best trading platform

PrimeXBT’s award-winning software offers traders a variety of professional trading tools. Access cryptocurrencies, stock indices, commodities, and currencies from a single account!

PrimeXBT offers ripple margin trading for short and long positions, even both simultaneously.

These can be opened to allow traders to profit from rising or falling markets.

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How does Ripple’s margin trading work?

Margin trading is the process in which a trader buys more Ripple than he can with his capital in his account.

It means that the trader is borrowing money from PrimeXBT to buy more Ripple for trading, in order to free up his own capital.

Margin trading is linked to leverage, where leverage is the opportunity provided by a platform to open a speculative position that is worth a much greater amount of money than what you have at your disposal.

This position leverage allows the possibility of multiplying the gains, but also the losses.

Get started trading Ripple on PrimeXBT with its easy-to-use interface and powerful trading tools.

Go long and short to benefit from both rising and falling prices.

Trading XRP against USD and BTC is possible on the award-winning PrimeXBT platform, which offers CFDs on cryptocurrencies, commodities, stock indices, and more.

Sign up for a free account and create a position on XRP in just a few steps.

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What is Ripple (XRP)?

The cryptographic token known as Ripple is actually called XRP, and it is the native cryptocurrency for the Ripple blockchain protocol, developed by Ripple Labs.

Due to the constant association with the Ripple protocol and the parent company, the crypto asset is often called Ripple.

Ripple, unlike Bitcoin or Ethereum, aims to disrupt the cross-border payment market and is a direct competitor to Western Union, MoneyGram, and even the SWIFT wire transfers used in banks around the world.

Ripple also differs from Bitcoin and Ethereum in the fact that each XRP address must also include a destination tag for a transaction to reach its recipient.

When sent correctly, Ripple is among the fastest cryptocurrencies in the industry and is capable of around 1,500 transactions per second.

Ripple is commonly found in the top three digital currencies ranked by market capitalization and has been a market leader throughout its history, which has earned it a lot of trust among crypto investors.

Ripple trading involves buying and selling XRP tokens for profit or by trading Ripple CFDs.

Ripple CFDs offer more flexibility and features than spot trading alone.

Ripple operates under the XRP trading pair named after the protocol’s native cryptocurrency token.

Ripple is traded on exchanges and platforms such as XRP / USD and XRP / BTC trading pairs.

Trade Ripple with High Leverage on PrimeXBT