Best Exchange To Buy Ripple (XRP)
Buying XRP on Cointral is very easy.
- You can buy Ripple and hundreds of other cryptocurrencies at the most affordable rates by visiting the Cointral Dubai branch.
- You can buy and sell Ripple, Bitcoin, Ethereum and other altcoins with the support of our expert staff at our Cointral branches.
- By signing up at Cointral.com, you can sell your XRPs using the quick swap feature for your XRP and other altcoins.
With Cointral, you can buy Bitcoin, Ethereum, Litecoin, Tether, Dash, BNB Coin, Cardano, Monero, Dogecoin and more than 1200 cryptocurrencies in addition to Ripple.
What is Ripple?
Ripple, as a global payment platform, enables the transfer of a different currency anywhere in the world in just seconds, with extremely affordable transaction fees. XRP was established with the aim of being an alternative and a strong competitor to conventional international money transfer systems (SWIFT, Western Union, etc.).
Unlike Bitcoin, Ethereum, Litecoin, and other altcoins, XRP is an altcoin that does not rely on mining. XRP is a digital currency that is controlled by the company. According to the company’s statement, it aims to have a maximum of 100 billion XRP, and 1 billion XRP is transferred from the company to the market every year.
Ripple has a very different vision and scope compared to other cryptocurrencies. Aiming to make banking transactions much easier, Ripple has goals such as fast transactions and minimizing transaction fees.
In terms of transaction speed, its speed is extremely high compared to Bitcoin. While Bitcoin performs only 4 transactions per second, XRP makes a difference with its 1500 transaction capacity per second.
Today, XRP has made agreements with many banks for a more convenient system in terms of cost and efficiency for the global simultaneous payment system. Among these banks is Akbank from Turkey.
In the face of it, banks that prefer the Ripple platform seem to have an advantage over those that do not, since the main goal of XRP is to perform simultaneous international money transfers seamlessly.
What Are the Benefits of Ripple?
1) XRP is a cryptocurrency with many advantages that other digital currencies do not have. One of the most important advantages of XRP is the ability to work directly with banks.
The Ripple platform is very fast compared to other cryptocurrencies. Transactions take place in four seconds or less. In a market where the use of XRP is widespread, the number of those who prefer it increases considerably when transactions take place swiftly.