Ripple crypto is a payment settlement system and currency exchange network with the ability to process transactions globally. It was developed as a replacement for SWIFT, so users can send money worldwide with fewer issues, delays, and fees. Thus, ripple facilitates exchanges for fiat currencies as well as cryptocurrencies, acting as a trusted agent between two parties - providing transaction confirmations. The network is used by large financial institutions.
The Ripple coin is XRP, an asset which runs on the XRP Ledger, and it finances transactions on the Ripple network. There are no new XRP mined; all 100 billion XRP were created at the beginning and are then released periodically to users.
How To Buy Ripple or Add it to your Strategy
The fastest, most convenient way to purchase Ripple is to purchase it on ICONOMI. We check Ripple live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Ripple by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Ripple is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Ripple, we recommend you read the next section, as copying might be a better approach.
Add Ripple to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Ripple in their structure.