What should you know about ripple before trading it?

Before you engage in Ripple trading, you should know that holding Ripple coins and trading them are two unique ways of investment that are quite different. When you purchase and hold Ripple, you are the proprietor of those XRP coins.

What is Ripple cryptocurrency?

Ripple is also the informal name given to the XRP cryptocurrency, and from this point onwards, Ripple will be used to refer to XRP and not the company. Ripple is currently one of the top 5 biggest cryptocurrencies in terms of market capitalisation.

Is eToro a good broker for Ripple trading?

The good news is, some Ripple brokes offer super-tight spreads. eToro, for example, averages 0.75% on major pairs like XRP/USD. Although commissions and spreads are the main fees you need to look out for when choosing a good Ripple trading broker - there are others.