Trading Ripple – options for speculating on Ripple.

Trading Ripple – options for speculating on Ripple.
Ripple is one of the top cryptocurrencies and is an up-and-coming digital currency alongside Bitcoin, Bitcoin Cash and Ethereum. For you, we have taken a close look at the various options for buying Ripple. Also, read what distinguishes Ripple from other cryptocurrencies.

Ripple – the potential for banks and investors
Ripple is one of the largest cryptocurrencies in terms of market capitalization. Unlike Bitcoin and Co., Ripple also aims to work with banks. Ripple has a unique application compared to other cryptocurrencies, therefore also referred to as a banking cryptocurrency.

The minds behind Ripple
From a technical point of view, Ripple is an open-source protocol and is an international payment network. It was launched in 2012 by Ripple Labs. The idea for the Ripple network came from Ryan Fugger, Chris Larsen and Jed McCaleb. Their concept: Ripple should make the peer-to-peer principle (P2P) accessible to large financial institutions. Besides, with Ripple, a foreign exchange market for all currencies (for example, crypto and fiat) is created. Here it should be possible to act efficiently and cheaply.

What is the difference between Ripple and Bitcoin, Ethereum and Co.?
Ripple can join Bitcoin and Co., the high market capitalization speaks for the demand for the digital currency. Ripple’s unique selling point is that the cryptocurrency, unlike Bitcoin, for example, is not based on the blockchain. Unlike other cryptocurrencies, Ripple does not want to revolutionize the financial market, but rather make existing processes more efficient and cheaper.

Buy Ripple – these are your options.
To benefit from Ripple’s performance, you as an investor can choose between various options. You can take advantage of the qualities of Ripple using a variety of financial instruments. In the following, we will explain the advantages and disadvantages of the respective purchase options for you.

Buy Ripple (XRP) quickly and efficiently as a CFD.
A straightforward way to participate in Ripple’s performance is a Ripple CFD. The abbreviation CFD stands for Contracts For Difference. A CFD is nothing more than a derivative; therefore, the value of a Ripple CFD depends on the underlying asset’s performance. One advantage of Ripple CFDs: You can participate directly in the Ripple course development and do not have to own Ripple physically.

To trade crypto CFDs, you need to open an account with a CFD broker. If you want to trade XRP CFD , you can use Plus500, for example. For example, with this provider, you can deposit your money by credit card or PayPal and open the account in just 15 minutes. This CFD and crypto broker comparison will help you find a suitable provider for your trading with Ripple CFDs.

Provider options
to the provider
Payment by credit card or PayPal possible.
76.4% of retail investor accounts lose money when trading CFDs with this provider.
to the provider
Our recommendation: Trading Ripple CFDs is particularly suitable for investors who want to speculate on the digital currency price in the short or medium term. While a direct purchase from Ripple is ideal for investors who invest long-term or who want to pay with digital currency, CFDs are suitable for those who want to speculate on the price of digital currencies. You can also use Ripple CFDs to bet on both rising and falling prices of an underlying asset and, depending on your investment preferences, even apply leverage. If, on the other hand, you want to benefit from the performance of the digital currency in the long term, you should consider the physical purchase of Ripple.

Important: Always trade only with the money you can bear to lose – CFDs are speculative instruments just like Ripple.

Buy Ripple Certificates
Ripple certificates are another way of participating in Ripple’s performance. Here, too, investors do not acquire “real” Ripple Coins, preferably the certificate only reproduces Ripple’s performance.
Purchase, for example, also from the provider Vontobel. Our recommendation: With certificates, you can use