Best Apps to Buy and Sell XRP
Are you looking for the best XRP apps to buy and sell Ripple? With new traders and tokens entering the crypto space daily, the need for a convenient and easy-to-use app for managing digital investment portfolios is essential. This article will cover some of the top app options for buying and selling XRP.
What is Ripple?
Ripple is a real-time gross settlement system (RTGS), currency exchange, and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open-source Internet protocol, consensus ledger, and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instant, and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currencies, commodities such as gold, or other assets like frequent flier miles or mobile minutes. At its core, this technology allows you to instantly send money anywhere globally at a low cost using a cryptocurrency token called XRP. The company calls itself “The Global Payment System for Financial Institutions.” Many major financial institutions worldwide have already adopted the Ripple transaction protocol to get involved in the crypto world and offer greater functionality to their customers. As the decentralized finance world grows, traditional institutions like banks must look for ways to adapt to the new status quo.
Unique Features of Ripple (XRP)
XRP payments are instant, secure, and can be processed by any global gateway or exchange, no matter what currency you wish to send or receive. You can easily convert from one currency to another with your wallet’s built-in exchange functionality at any time during a transaction — without needing to pre-fund an account to hold multiple currencies simultaneously or wait days for a wire transfer or other multi-currency option. Ripple is an excellent option for international payments and instant transactions between parties. Adding this token to your portfolio may be smart, as the underlying technology has robust scalability and sustainability. Here’s a look at a few apps you can use to add RXP to your portfolio:
The FTX App is a mobile app that allows users to securely buy and trade XRP to USD (and over 300 other cryptos). It is available on Android and iOS, and though it’s a relatively new app, it’s already getting good reviews from its users.
The FTX App is straightforward, with a simple interface that makes it easy for beginners and advanced traders. In addition, there’s no need for you to create an account because the FTX App uses 2FA (two-factor authentication) when logging into secure areas of the app outside of the regular trading activity. The app offers crypto chart patterns, and other indicators traders can utilize when making investments or managing their portfolios. The FTX app is also cross-integrated with other popular exchanges so that you can access all of your crypto investments from a single platform.
Kraken is a cryptocurrency exchange based in San Francisco, California. It’s one of the most popular exchanges with a vast selection of trading pairs and low fees. The Kraken app has an easy-to-use interface and access to over 200 cryptocurrencies.
Kraken is in the top 10 cryptocurrency exchanges by volume. They have an excellent reputation for security, speed, and reliability—making it one of the best options to buy XRP coins from anywhere worldwide. However, Kraken does have higher fees than FTX and only offers discounts to those subscribed to Kraken Pro.
Coinbase is a US-based cryptocurrency exchange that supports the buying and selling of XRP. Coinbase is one of the world’s most popular exchanges, with millions of users and plenty of new users daily. It’s also one of the few regulated exchanges, which means you can rest assured that your funds are safe.
The downside to Coinbase is that they don’t offer as many coins as some other exchanges, and there have been instances of individual accounts being hacked in the past. Coinbase also has higher platform fees than FTX, but their app is intuitive and accessible to traders at all levels.
There are many ways to invest in XRP, and many of these mobile apps will also offer other functionalities that can benefit traders. Start comparing your options for mobile exchanges and begin your investment in Ripple today.