Trading Ripple

You have undoubtedly already heard about Bitcoin, this crypto currency that has recently made a lot of noise on the stock market. But do you know the other crypto currencies to follow for the months and years to come. Among these, we find the Litecoin, the Ethereum or the Dash, but also another dematerialized currency that has many advantages, namely the Ripple. This value can indeed represent a very interesting investment for CFD traders, but it is still necessary to know how it works. For this, we have decided to devote this page to online Ripple trading by explaining what this cryptocurrency is, how it works and especially how the online trader efficiently with some simple analysis tips.

What is the Ripple and how does this cryptocurrency work?

Originally, the Ripple is the name of a company based in San Francisco and has recently created a payment system much like the Block chain system you know thanks to Bitcoin. This is also a payment system that is based on a computer protocol and a currency exchange. The Ripple therefore works with different crypto currencies but also classic currencies and commodities against which it can be traded.

The protocol of the Ripple also has the particularity of being able to be integrated in the system of the customers. This is already the case for some large banks such as the National Bank of Abu Dhabi, which today uses the Ripple protocol for its international transactions and can thus offer its customers real-time and real-time transfers of funds. direct.

Ripple is also the name given to the cryptocurrency that flows from this protocol and uses this chain of blocks. This dematerialized currency is today one of the most important in the market since it achieves the third largest market capitalization, just after Bitcoin and Ether.

In financial markets and especially if you want to trade the Ripple online with CFDs, know that you will find it under the name XRP which can be integrated into a currency pair against the dollar or the Euro.

As far as the more detailed operation of the Ripple is concerned, its objective is to allow certain financial market players such as banks to reduce the cost of their transactions by its preponderant role in the global settlement network. But the Ripple also offers some benefits like live and real-time transactions around the world. Of course, these transactions are secured by a crypto-currency-specific encryption system and can easily integrate with existing systems in traditional banks.

Among the specificities of the Ripple, we can note that this system and its cryptocurrency allow banks to make transactions between them without going through an intermediary, so both confidential and secure. Ripple transaction processing levels are very high and it is also possible to connect multiple networks to each other.

The Ripple is currently the crypto currency most used in the banking sector thanks to its ability to process fast and almost instantaneous transactions, but also at lower cost.

What are the differences between the Ripple and other crypto currencies like Bitcoin?

If Bitcoin is still considered as a reference in the world of cryptocurrencies, it is interesting to know the differences between this historical dematerialized currency and the Ripple which is today one of its main competitors. And when we talk about difference, it is especially here to mention the advantages of Ripple against Bitcoin.

The first advantage of the Ripple that does not have Bitcoin is the fact that this cryptocurrency does not depend on a single company in terms of management of transactions made, allowing it much faster processing and almost instantaneous since the wait for the confirmation of the blocks is extremely fast. To better understand this major difference, remember that the average processing time of a transaction with Bitcoin is currently more than 160 minutes while the average processing time of a transaction with the Ripple is only 3.7 seconds. Still as an example, a comparison was made by the BBVA bank as to the processing time of transactions between Spain and Mexico. Normally, such a transfer of money took about four days whereas with the Ripple, it only takes a few seconds.

The processing time of the blocks is the main difference between Bitcoin and Ripple. But the two crypto currencies also have other points of divergence that is interesting to know. Thus, the Ripple does not use the mining process for the generation of new units but an iterative consensus process. Finally, if Bitcoin is a decentralized currency, the Ripple is above all a network of transactions integrating a cryptocurrency.

The major differences that exist between Ripple and Bitcoin are also valid for other crypto currencies.


What are the benefits of the Ripple as a stock market and why the trader?


You probably want to know now why it is interesting to take a position on the course of the Ripple online using CFD for example. In reality, the advantages of the Ripple as stock market asset are numerous and we propose you to discover here its main assets:

  • Real time transactions: This is probably the biggest strength of the Ripple against its main competitors. Indeed, the Ripple allows a quasi-instantaneous processing of transactions made while the processing time of blocks by other currencies is much longer. Thanks to this specificity, the Ripple should seduce more and more banks and financial institutions in the future and thus gain points on the financial markets.
  • A very low transaction cost: This is the second strong point of this cryptocurrency. The Ripple makes it possible to carry out financial transactions at very low cost with commissions among the least expensive whether for small sums or large amounts. The transaction process is especially free for trade and commerce, which is also one of its major assets.
  • A secure and reliable cryptocurrency: Of course and to occupy the place it currently holds in the cryptocurrency market, the Ripple demonstrates very high transaction security thanks to the block system and the consensus principle. A complex security system has been put in place by Ripple to protect investors who use this system. In particular, it is necessary to make several signatures before validating an online transaction.
  • A particularly volatile asset: Like most other crypto currencies, the Ripple has the advantage of being highly volatile in both bullish and bearish movements. Thus, it is not necessary to use a leverage effect that is known to be very risky to take advantageous positions and benefit from interesting price differentials.
  • A virtual currency of the future: The Ripple, like Ethereum and Litecoin, is one of the crypto currencies to follow closely in the years to come. With some of the benefits discussed above, it is likely to attract more and more users over the next few years, making it more speculative than it is now.
  • An excellent answer to the technical analysis: Finally, it is relatively easy to anticipate the Ripple price variations thanks to the simple technical analysis since this asset is particularly reactive to the main graphical indicators.

The advantages of Ripple trading are therefore numerous enough for investors to take a close interest in this asset. We advise you to do the same and take a position now on this value.

How should I invest in the Ripple price?


To take advantage of the Ripple as a stock market asset, the best method is to use CFDs or Contracts on Difference. These contracts are made available at BearsMarkets.

Indeed, speculating on the Ripple with CFDs, you will enjoy several interesting benefits. First, CFDs allow you to take positions for purchase but also directly for sale. Given the high volatility of this asset and the number of its correction movements within a stable bottom-line trend, this offers more opportunities and allows for sensible hedging strategies.

CFDs also allow the use of stop and limit orders that close your positions automatically without you having to intervene and at the level of courses you have decided in advance. So, you only have to establish your strategy and your objectives so that they are automatically respected without having to remain connected to the market. These orders can also significantly reduce risk by cutting your losses to the level you choose.

Finally, BearsMarkets provides you with many analytical tools that allow you to implement complex and effective strategies. For example, you can access live and real-time Ripple charts and customize them to include the indicators of your choice or choose your display mode and recurrence settings. Your technical analysis will be faster and much easier. When it comes to fundamental analysis, you can also count on us to give you access to a stream of live financial and economic news. You can of course also customize this stream by choosing for example to display only the news of the cryptocurrency market in this case the XRP.

To start speculating on the price of the Ripple or other crypto currencies, simply create your investor account online and deposit your investment capital. You will then only have to take a position on the assets of your choice.