We found 11 online brokers that are appropriate for Trading Bitcoin And Ripple Investment Platforms.
In the world of cryptocurrencies, Bitcoin and Ripple are two of the biggest names. In terms of market capitalisation, Bitcoin tops the list. It is also far above all the competition with respect to overall adoption rates. Ripple ranks fourth, and it is referred to as XRP. Ripple, in fact, is the name of the network and company, whereas XRP is the name of the cryptocurrency. Ethereum and tether are then second and third respectively.
In this article, titled 'Bitcoin vs Ripple', we will take a look at the differences between these two popular cryptocurrencies.
Bitcoin is based on a public blockchain ledger concept to help support the digital currency for use when making payments for goods and services. It is a public ledger and the network is called Bitcoin cryptocurrency, or BTC. Each transaction is verified by miners and thereafter added to the blockchain. They are then rewarded with Bitcoin.
XRP is a digital payment network and has become popular as a payment settlement, remittance system, or asset exchange, similar to SWIFT in international money transfer systems used by financial intermediaries and banks.
Ripple does not use a blockchain mining concept. It uses a uniquely distributed consensus mechanism to validate transactions. Transaction confirmations are instant and considered more reliable than most cryptocurrencies.
Bitcoin mining, on the other hand, is heavily criticised for being energy-hungry. Its mining system consumes a lot of electric power, whereas the Ripple system consumes the least amount of power out of all cryptocurrencies as it follows a mining-free mechanism.
Bitcoin transaction times are longer than those of Ripple transaction times. It takes several minutes to transfer Bitcoin, and the cost of doing so is high. XRP transactions take just a few seconds, and the cost of such transactions are extremely low. Currently, there are around 21 million Bitcoins in circulation, whereas the supply of XRP is at 100 billion (pre-mined).
Proof-of-work is the main concept behind the Bitcoin system, and new tokens are released by mining. XRPs, on the other hand, are pre-mined. The two processes are very different, and the coin release mechanism each uses is not the same.
Ripple follows a strategy of adding 1 billion XRPs each month to its circulation. Currently, the total supply is around 50 billion. However, any unused tokens are shifted into an escrow account to prevent misuse of the coins.
Paul visited a retail chain store in the United States and made a purchase in USD. He can also buy JPY, GBP, and other currencies with USD. At at later date, he can sell these currencies either for profit or loss.
Bitcoin can also serve the same purpose. Paul can make a payment with digital currency at a retail outlet. He can also buy Bitcoins and sell them later for profit or loss. If Paul wants to send $100 to his friend in the United Kingdom, he could opt to do so with Bitcoin, as sending money through the SWIFT system can be costly.
In the case of Ripple, XRP is used for transferring assets via its network. For instance, sending $1,000 across the Ripple network will be converted to equivalent XRP tokens for its recipient.
Paul's friend would receive XRP tokens after the transaction is verified and authenticated via the Ripple network.
Bitcoin, Ethereum, Ripple, Dogecoin, and Litecoin are now highly sought-after assists, and are the primary reason for such popularity is as a result of the fall of other financial markets amid the 2020 coronavirus pandemic.
Bitcoin is the market's leader, currently valued at an all-time high. Simultaneously, XRP of Ripple is moving upward in its popularity and value too as investors seek better returns on their assets. Equities, commodities, mutual funds, EPFs, CFDs and other such financial instruments are failing to offer desired returns. Some of the major cryptocurrencies have even exceeded investor expectations in the latter stages of 2020, and the phenomenon is set to continue.
Both Bitcoin and Ripple have acquired increased attention from investor beginners more recently. However, newcomers are strongly advised to first gain knowledge about cryptocurrencies and blockchain processes before initiating their first trades. The crypto market is one which is highly volatile, and money invested in it is at a higher risk than most other financial products.
Beginners are encouraged to begin trading first with a demo account from a brokerage house, such as eToro, in order to obtain exposure to the market and learn the ins and outs of cryptocurrencies without risking real funds.
We've collected thousands of datapoints and written a guide to help you find the best Bitcoin vs Ripple for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Bitcoin and Ripple Investment Platforms below.
There are a number of important factors to consider when picking an online Bitcoin And Ripple Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Bitcoin And Ripple Investment Platforms.
Compare Bitcoin And Ripple Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Bitcoin and Ripple Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Bitcoin and Ripple Investment Platforms that accept Bitcoin and Ripple Investment Platforms clients
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eToro
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IC Markets
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AvaTrade
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XTB
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Pepperstone
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Plus500
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EasyMarkets
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FXPro
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SpreadEx
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Admiral
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Trade.com
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 10 | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 100 | 1 | 200 | 1 |
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Used By | 27,000,000+ | 180,000+ | 300,000+ | 250,000+ | 89,000+ | 15,500+ | 142,500+ | 1,866,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with pepperstone |
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Up with plus500 |
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Up with easymarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with tradecom |
Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
Plus500 Demo |
easyMarkets Demo |
FxPro Demo |
SpreadEx Demo |
Admiral Markets Demo |
Trade.com Demo |
Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, CA, IR | US, TR | US, CA, JP, SG, MY, JM, IR, TR | AU, BE, CA, CN, Crimea region, CY, CU, of CG, ER, HK, GW, IQ, IR, JP, IL, LY, NZ, CY, KR, PR, SG, SO, SD, SYn Arab, TR, US, VI, US |
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
You can compare Bitcoin And Ripple Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Bitcoin And Ripple Investment Platforms for 2022 article further below. You can see it now by clicking here
We have listed top Bitcoin and Ripple Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.