Ripple is a pretty new type of cryptocurrency on the market and by now, it’s probably caught your attention. But when it comes to using any new type of cryptocurrency, there are always a few pros and cons to consider. However, if you plan on using Ripple as your new currency, then you should check out the top Ripple exchanges and find out which ones you’ll be able to make use of.
Is Ripple Bigger than Bitcoin?
The Ripple Network and Ripple coin offer a variety of advantages compared to Bitcoin because they were built with a different purpose in mind.
A Ripple transaction process only takes approximately four seconds because it’s not as active as Bitcoin. Additionally, you’ll enjoy cheaper transaction fees, while you can expect Bitcoin transaction fees to continue to rise over the coming months.
Considering that all of the one hundred billion XRP that can be used on the platform already exist, there’s no mining because there isn’t anything of value to be added, which is much different than what you can expect with traditional cryptocurrency.
Top Three Exchanges for Ripple Cryptocurrency
There are currently several Ripple exchanges to choose from, but we’ve done our research and have chosen the top three.
If you decide to use Bithumb, you shouldn’t have any problems. All of the current exchange prices are constantly updated in real time, which will allow you to see the exact exchange rate you’ll be getting. This exchange allows users to make as many Ripple trades as they want and they deal in both large and small volumes of Ripple. So, regardless of the quantity you want to exchange, they’ll be able to handle it without any fuss.
Bittrex is probably one of the easiest exchanges to use, but it’s also one of the most advanced digital currency exchanges. Thousands of people currently use Bittrex, and the number is growing daily. This is one exchange that you know will be around forever, considering they’re one of the most trusted exchanges on the market.
Poloniex is an up and coming exchange that’s getting plenty of rave reviews. They offer the type of no-nonsense exchanges that the pros are looking for, and they provide a no-frills operation that also makes their exchange very efficient and beginner friendly. This site doesn’t offer fancy or unique features like some of their competitors, but their fees are relatively low and they offer reliable service.
Ripple Exchanges that are Worth a Mention
Coinone is another Ripple exchange that people are flocking to, thanks to their hassle-free operation and cost-effective services. This exchange is the perfect choice if you’re looking for a site that can handle both large and small amounts of Ripple. You also won’t have to deal with drawn-out delays during an exchange or right after signing up.
Korbit isn’t as well-known as our top three exchanges, but if you’re hunting for a large reliable Ripple exchange, you’ll find the real-time currency updates and user-friendly interface priceless. Additionally, they offer a very advanced mobile exchange, which is a huge plus for the trader on the go.
Bitso is another newer exchange that’s fast and easy to use. They also deal with both large and small volumes or ripple so you’re able to quickly exchange any amount. Offering modest fees, they provide great reliable service for an exchange that’s sure to continue to quickly grow into one of the leading exchanges on the market.