Best way to transfer bitcoin to ripple

Cryptocurrency projects like Bitcoin and Litecoin were originally created to offer consumers a faster way to transfer money without paying the fees associated with using big bank transfer systems. Not every cryptocurrency developer wants to steer away from traditional banks, however. 

Ripple (XRP) is a decentralized payment protocol created to be used by major banking institutions. Ripple operates RippleNet, a real-time gross settlement system that enables instant monetary transfers. As a comparison, transfers using Bitcoin take about 10 minutes to close. Ripple’s development team hopes that widespread adoption of the technology can empower financial institutions to pass on faster transfer speeds and more efficient pricing down to their clients.

If you’re interested in learning more about how you can add Ripple to your portfolio, use our guide to get started. 

Step 1: Open an Online Account.

Before you can buy Ripple, you’ll need to open an account with a cryptocurrency broker. A cryptocurrency broker is an online service that you can use to buy and sell cryptocurrencies through a trading platform. Cryptocurrency brokers make it easier and safer to access the crypto market.

As among the largest cryptocurrencies when measured by market capitalization, there are dozens of brokers offering access to Ripple investing. Here are a few characteristics you might want to consider when you choose where you’d like to open an account:

• Coin support: There are thousands of cryptocurrencies for sale and no single broker will offer you access to all of them. If you want to invest in additional coins beyond Ripple, be sure that you choose a broker that offers support for the projects you’re interested in.
• Commissions and fees: Most cryptocurrency brokers charge a commission or fee each time you buy or sell a cryptocurrency using their platform. Be sure to consider fee and commission schedules before you open an account — especially if you plan on investing frequently.
• Trading platform: If you’re a new investor, you might want to focus on opening an account with a broker that specializes in providing a straightforward ordering process. If you’re a more advanced investor who values charting and analysis tools, look for a broker marketing their trading platform to more advanced investors who rely on these types of tools.
• Mobile trading: Not every cryptocurrency broker offers a mobile trading app. If mobile trading is important to you, be sure to check and see if the broker you choose supports mobile investing and if the app is currently available for the type of device that you own.

Not sure where to begin your search? Consider a few of our favorite crypto brokers below. 

Coinbase

Coinbase is among the most popular cryptocurrency trading platforms online, with over 35 million customers supported in over 100 countries. Coinbase can be an excellent option for investors who are new to the market and who want a platform that focuses on simple order placements. Most users will be able to open their Coinbase account in just a few minutes, and you can place an order by filling out a simple form.

Coinbase also offers a unique “Earn” feature that allows you to earn cryptocurrency by watching videos on the functionality of select coins. After completing the video, you’ll answer a few quick questions — and you’ll be rewarded with crypto for each correct answer.