Bitpanda started to list Ripple and makes it possible to buy and sell Ripple directly with fiat money.
What is Ripple?
Ripple is a global network that enables people to transfer money from one place to another anywhere in the world. It is one platform that offers an efficient method of sending payments. Ripple connects banks, corporates, digital assets exchanges and payment providers an easy transaction experience.
Advantages of using Ripple over other currencies
It has very low and affordable liquidity and operational costs when compared to today’s exchange rails that are very expensive. Ripple is instant, making it ideal for on-demand payments. This is way better than other sites that take up to 3-5 days to process a payment. It is trustworthy and verified. You are able to monitor and trace your finds during transactions which beat the high rates of failure of other exchange networks.
What is BitPanda about?
BitPanda is multi-currency wallet platforms. It is an online cryptocurrency exchange platform that offers users a wide variety of digital money and methods of payment. It is based in Austria and has attractive prices.
Why is BitPanda a good exchange?
It offers several payment methods making it convenient to exchange your currencies. These include Paypal, Skrill, OBT, Bank transfers, GIROPAY / EPS, Neteller, SOFORT Transfer, bitcoin, SEPA Transfer, credit card and debit card. In addition to that, it offers the buying and selling of the following cryptocurrencies with your local currency; Bitcoin, Dash, Litecoin and Etherum.
BitPanda is safe. It builds its exchange principle on the policy of knowing your customer before getting into business transactions. It has three stages of verification, (Gold, Silver, Bronze) each needing you to verify your account using your email, Id and phone number. According to a review about bitpanda, each stage of verification comes with unique features and privileges of transactions. For example, with a verified email, you can only sell your currency but not buy ripple. With a verified phone number, you can buy ripple through all other methods available except your credit card. Lastly, with a verified ID, you can buy ripple using your credit card, and enjoy more other privileges.
Bitpanda has an excellent speed. Most of the transactions are instant. Additionally, BitPanda charges relatively low fees. Lastly, it has also grown a good reputation over time and become acceptable to the worldwide community.
How to exchange Ripple on BitPanda?
Create a BitPanda Account
Signing up for an account.
You will go through stages of verification, each having its own access to services. You will need your email, phone and a verified ID.
Getting your wallet
After that, find your wallet. As soon as you sign up, the currencies available on BitPanda display. Select Ripple (XRP) and create your wallet to store your coins. A hardware wallet is more secure than a software wallet.
Exchange your Ripple (XRP)
Select a crypto coin (XRP). This is applicable in both cases, whether you want to buy or sell using EUR.
Choose the payment method to use.
Select the amount you want to spend or receive.
Lastly, sell or buy crypto coins!
How is buying and selling on Bitpanda different from other exchanges?
BitPanda is a fiat-crypto exchange not just a crypto-crypto exchange; offering a better platform. Compared to other top exchanges like Coinbase, BitPanda:
Has a better speed during transaction
Charges lower fees
Intuitive user interface that is helpful and easy to use
Variety of payment methods
Limitations of BitPanda
Enables investors and traders to exchange online. It does not offer much of a platform for trading.
Does not provide a platform for crypto trading.
The fees they charge are in the spread, which is relatively high.
Now you should be able to exchange ripple on BitPanda easily. Thank you for reading this article and make sure you visit our website regularly to keep up with new updates of the crypto-economy.
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