As the year 2019 trucks along, it seems likely the current price trend will attract new holders and investors over time. For fans of Ripple’s asset, being able to buy XRP in a quick and convenient manner will be a top priority. The following trading platforms can all suit this need, depending on one’s personal preferences.
Most of the top cryptocurrency trading platforms allow users to freely interchange XRP and Bitcoin. This also means anyone with access to Bitcoin can quickly diversify a portfolio without much friction. Binance is the world’s leading cryptocurrency exchange by vole and public sentiment. Its XRP/BTC pair always generates tremendous liquidity, thus obtaining Ripple’s asset will not pose any major challenges.
The same can be said about OKEx, albeit this trading volume seems to generate a lot less buzz among enthusiasts. Its own XRP/BTC trading pair generates nearly $30m in volume every single day, which means Bitcoin holders can easily obtain RIpple’s asset through this platform. Having multiple options at one’s disposal is never a bad thing, after all.
Another option which has always remained somewhat popular among altcoin users is Poloniex or Bittrex. Both are prominent altcoin-oriented exchanges, which have built up a decent reputation over the years. Poloniex is now under professional management since it was acquired. Bittrex is actively complying with regulations in several regions. Both options are solid to exchange between Ripple’s asset and Bitcoin, albeit they both generate less trading volume compared to Binance and OKEx.
When it comes to dealing with fiat currencies, the list of accessible exchanges suddenly becomes a lot shorter. For European users, Kraken is always an interesting option. It is the most prominent XRP/EUR trading platform right now, with over five times the volume of both Bitstamp and Coinbase Pro. It is good to see so many different platforms paying attention to European users. After all, it is an important market which should never be overlooked.
For American users looking to get their hands on some XRP, numerous options are at one’s disposal. The most recent addition of Coinbase Pro is expected to push XRP’s liquidity through the roof, albeit that has not happened as of yet. Coinbase Pro is one of the most respected cryptocurrency trading platforms in the US, as well as other parts of the world.
Other options for American users include Bitfinex, Bitstamp, and Kraken. Bitfinex is, right after Coinbase Pro, the platform generating most of the XRP/USD trading liquidity at this time. Bitstamp is not too far behind, yet Kraken seems to be generating half of Bitfinex’s volume these days. All of these options are worth exploring, depending on one’s personal preferences. One has to feel comfortable using specific platforms, thus making a well-informed decision is crucial.
There are dozens of different trading platforms which provide exposure to XRP through Tether’s USDT asset. In terms of reputable and trusted exchanges, most users lean toward using either OKEx, Binance, or Huobi Global. This list should not come as a big surprise to enthusiasts, even though some of the other platforms tend to generate a lot more liquidity.
Some of those platforms include BW.Com, Bit-Z, BCEX, and DigiFinex. It is a bit odd to see so much XRP/USD volume on these platforms, yet hardly anyone seems to openly tell others to use them. Keeping an eye on all options is crucial in this industry, where it is all about empowering the end user. It is certainly possible even more trading platforms will offer this particular pair in the future.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
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