How to trade with Ripple: Going Short and Long

Ripple is an open payment system that allows removing all the traditional financial institutions like credit cards, bank accounts, and all other barriers which enforce delay and fee. It has a quick transfer time as compared to the other cryptocurrencies. Ripple has billions of dollars in its account and is at number four in the cryptocurrency world. 

Why Ripple?

CDF trading of Ripple is one method of obtaining publicity for this energizing venture, without any risks of storing and buying the coin yourself or leaving the coins unveiled at trade. Ripple CFDs offer merchants the opportunity to hypothesize on value developments without claiming the basic digital currency. As a merchant does not hold the real coin, you can conjecture on falling or rising costs. In contrast to buying the hidden cryptocurrencies forms of money, CFDs are less irritating and take into account quicker repayments.

Advantages:

The advantages of trading with CFD are these:

  • Trading of Ripple via CFD, on the other hand, is leverage trading. In leverage trading, a trader deposits small money onto an account and can open larger positions sizes.
  • As all share markets and other financial markets are opened for a specific period in the day while cryptocurrencies are open 24 hours a day and 7 days a week.
  • Ripple trading using CFDs authorize the traders to buy as well as to sell. With the help of CFD, the trading trader can sell its assets if he thinks it will lose value. Moreover, if a trader puts Ripple on-sell trade and the value of the Ripple goes down, the trader will make a profit on that trade.
  • While trading Ripple via CFD, traders are betting on the value of the coin. If the value of Ripple goes-down it does not affect the selling a trader does not own any Ripple.

Disadvantage:

With the advantages there are also some drawbacks, which are listing below:

  • As Ripple trading using CFD is also leverage trading, which can generate a huge profit but can also losses. It is reported that almost 70-80% of CFD traders lose their money.
  • It is a volatile asset in the case if markets fall traders can lose all money. These markets are the most volatile in the world.

How to Trade?

Here we will discuss how to trade Ripple on different trading platforms:

AvaTrade

  • Open a trading account on the AvaTrade platform.
  • Deposit funds in an account via credit cards, e-payments methods (WebMoney, Skrill, etc.), and wire transfer.
  • Select Ripple on the platform and invest the desired amount for trading

IQ Option

  • Open a trading account on the IQ option platform.
  • Deposit funds in an account via Master cards, VISA, e-payments methods (WebMoney, Skrill, etc.), and many more.
  • Select Ripple on the platform and invest the desired amount for trading

Plus500

  • Open a trading account on the Plus500 platform.
  • Deposit funds in an account via fiat money and cryptocurrency methods.
  • Select Ripple on the platform and invest the desired amount for trading

Where to buy it:

Ripple can be bought from the exchanges are listed below:

  • Kraken
  • Robinhood
  • Binance
  • Square Cash
  • Coingate

Before You Trade You should know this:

What are cryptocurrencies?

Cryptocurrencies, also known as cryptocurrencies, are digital assets that use encryption technology to establish a peer-to-peer network, meaning no one central authority is in control. In addition, the technology behind cryptocurrencies is both secure and reliable, meaning cryptocurrency transactions can be completed with little to no volatility. For many, these factors make cryptocurrencies an attractive asset class.

Why are they so popular?

Many people view cryptocurrencies as a type of store of value, which can allow them to take on physical risk in order to benefit from the power of appreciation. Additionally, because cryptocurrencies allow for the secure transfer of assets from one person to another without an intermediary, the concept of a “digital cash” has also been popularized. In many cases, users have used cryptocurrency to purchase illegal goods and services, which has helped to boost demand.

As a result of these factors, the number of cryptocurrency transactions has been on the rise. The total number of cryptocurrency transactions has grown from 6.7 million in 2013 to 157.1 million in 2017, and this number is projected to grow to at least 542.5 million by the end of 2018.

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What makes Bitcoin different from other cryptocurrencies?

According to the creator of Bitcoin, Satoshi Nakamoto, cryptocurrencies should eventually be able to be used as a unit of exchange without any need for the intermediary of a financial institution. In other words, users would be able to send, receive, or exchange cryptocurrency without ever needing to use a third-party intermediary.

As a result of this issue, Nakamoto implemented a series of halving rules to ensure that the supply of Bitcoin and other cryptocurrencies is in check. Nakamoto’s rules require that the number of Bitcoin that can be created on the blockchain would decrease approximately every four years until the blockchain is depleted.

Can anyone own Bitcoin?

The short answer is yes. In fact, if someone wants to buy any amount of Bitcoin, all that they need to do is to complete a transaction with an established Bitcoin address. These Bitcoin addresses are essentially computer addresses with random numbers assigned to them. Although a Bitcoin address does not guarantee ownership of any Bitcoin, it is possible to complete transactions to purchase Bitcoin by using these addresses.

However, just like all other types of investment, investing in Bitcoin requires a great deal of due diligence and commitment on the part of the investor. In the short-term, the price of Bitcoin could be influenced by a number of external factors. In particular, the price could be influenced by the general economy, since lower interest rates could result in fewer individuals wanting to purchase Bitcoin, while higher interest rates could result in an influx of investment.

On the other hand, Bitcoin is likely to increase in value if more and more governments around the world begin to view it as a viable means of investment. In addition, Bitcoin may also experience increased demand if cryptocurrencies continue to gain recognition as a form of payment, for example for online purchases.

What is XRP?

XRP is a token which was developed to facilitate the transfer of payment funds in the event of a central bank failure. In 2013, the existence of the digital currency was established when banks started to accept deposits of cryptocurrency in the event that a bank balance had been depleted and all deposits were zero dollars. Ripple (Ripple Labs Inc) was started in 2013 and is the technology and company behind RippleNet, a distributed payment network and payment system. The platform is considered to be the future of money as the ability to transfer funds using global payment solutions are becoming increasingly available and practical for banks and individuals. Current Ripple products include XRapid, a distributed currency exchange and remittance system that allows individuals to instantly convert between fiat currencies, or to access the XRP cryptocurrency to reduce their cash costs. Ripple also provides the platform for payment processing solutions, which include RippleNet, the global payment network, and RippleNet+, which is a currency exchange.

Ripple is based on a digital ledger based on the computer science of Satoshi Nakamoto (a pseudonym). In contrast to Bitcoin and other cryptocurrencies which are mined through computational power, Ripple is created as needed. Ripple offers a digital payment system that enables fast and cost-effective payments between global banks and payment providers, and is currently being used to facilitate over $10 trillion in trade transactions a year.

The advantages of Ripple in particular, are speed and privacy. With XRP you can send payment almost instantaneously, all your transactions are registered and all of your balances are protected.

Ripple is a US based company. It was started in 2012 by three industry insiders: Adam Ludwin, Jed McCaleb, and Chris Larsen.

A company like this can be idealistic, and hopeful of seeing an industry that is basically set. However, not everything from the start is going to be roses. For starters, Ripple is a US based company. As part of the business case, Ripple uses a US based banking system for its payment solutions. Thus, Ripple is perhaps a little bit more conservative than its counterparts like Ripple Labs.

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What’s the difference between Ripple and Bitcoin?

XRP is just like Bitcoin with a few important differences. In fact, Bitcoin is often referred to as Bitcoin with a capital B, because of its sole purpose being as a digital payment system and network. However, Bitcoin does not aim to be a store of value or a medium of exchange – it is a protocol and cryptocurrency that facilitates and facilitates the transfer of money globally. In that sense, Bitcoin is no different from Ripple, but the two are very different. It should be noted that the XRP currency, which is named after a Biblical figure, actually does come from Biblical lore, and was named after David, King of Israel in the Old Testament. Ripple is different from Bitcoin in one very important aspect though: It is used as a payment method to help run the Ripple network, which is why it is called Ripple.

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