XRP Trading Platforms in the UK – Top 5 List<\/h2>\n\n\n- eToro – <\/strong>Best for copy trading others, and has solid regulation<\/li>\n
- OKX – <\/strong>Secure crypto exchange with smart portfolio<\/li>\n
- Bybit – <\/strong>Best for day trading<\/li>\n
- Binance – <\/strong>Best for a variety of altcoins<\/li>\n
- Kucoin – <\/strong>Best for small marketcap altcoins<\/li>\n<\/ol>\n<\/div><\/div>\n
Best XRP Trading Platforms – Full Reviews<\/h2>\neToro – Best Copy Trading Platform<\/h3>\n
eToro<\/a> stands out among the many crypto trading platforms on the market, and has listed XRP. As it is regulated by three institutions, it is also among the safest options available. The regulation licenses are from FCA, ASIC, and CySEC.<\/p>\nWith 50+ popular cryptocurrencies listed for trading including XRP, eToro is a suitable platform for trading XRP. There are many pairs that eToro offers, enabling investors to leverage on the same. You can also benefit from crypto-to-crypto trades on eToro such as BTC\/ XRP.<\/p>\n
![\"XRP](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/12\/XRP-trading-platform-e1640532161326.png\")
<\/p>\n
Past performance is not an indication of future results.<\/em><\/p>\nDon’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\neToro offers outstanding tools like CopyPortfolios (also known as Smart Porfolios), enabling you to access a diversified range of digital currencies with solid portfolio management. The Copy Trading tool in eToro also allows you to copy the buys, sells and stop loss orders of expert traders.<\/p>\n
The minimum deposit on the eToro platform is $10 for US and UK traders (about £7) and deposit methods include bank transfer, debit\/ credit card transactions, e-wallets like Paypal, Skrill, etc.<\/p>\n
Since many exchanges have suspended the markets for XRP, eToro remains one of your trusted platforms for trading XRP in the UK. It has an impressive customer support facility 24\/ 5 available on chat, email, or on-call.<\/p>\n
\n\nPros<\/strong>\n\n- <\/i> User-friendly, instant withdrawals<\/li>\n
- <\/i> Regulated by the FCA, ASIC, and CySEC<\/li>\n
- <\/i> Lower spreads compared to other platforms<\/li>\n
- <\/i> Offers crypto, stocks, indices, ETFs, and more<\/li>\n
- <\/i> Social trading, Copy trading and CopyPortfolio tools<\/li>\n
- <\/i> Supports fiat currency deposits<\/li>\n
- <\/i> Support debit \/ credit cards, Paypal, e-wallets<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\nCons<\/strong>\n
\n- <\/i> Technical indicators not as advanced as other platforms<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit eToro<\/strong><\/span><\/a>\n<\/p>Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\n2. OKX – Secure Crypto Exchange With Smart Portfolio<\/h3>\n
OKX<\/a>, a popular cryptocurrency exchange, is an excellent choice for trading Ripple (XRP) and offers a range of advantages. With a strong reputation in the crypto industry, OKX provides a secure and regulated platform for investors. It is licensed by multiple regulatory bodies, ensuring compliance and instilling confidence in users.<\/span><\/p>\nOn OKX, you can trade XRP against various other popular cryptocurrencies, allowing for diverse trading options and potential for profit. Additionally, OKX supports crypto-to-crypto trades, such as XRP\/BTC pairs, providing flexibility to traders.<\/span><\/p>\n![\"OKX](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2023\/05\/Screenshot-2023-05-15-at-8.00.29-PM.png\")
<\/p>\n
OKX platform<\/em><\/p>\nThe platform offers user-friendly features, including advanced trading tools and charts, empowering investors to make informed decisions. OKX also offers margin trading, enabling users to maximize their trading positions.<\/span><\/p>\nDepositing funds on OKX is straightforward, with multiple options available, including bank transfers, debit\/credit cards, and various e-wallets. The minimum deposit requirement is typically reasonable, providing accessibility to a wide range of traders.<\/span><\/p>\n\n\nPros<\/strong>\n\n- <\/i> Wide variety of cryptocurrencies available<\/span><\/li>\n
- <\/i> Option to buy or trade cryptocurrency CFDs<\/span><\/li>\n
- <\/i> Smart Portfolio feature for diversified investments<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\nCons<\/strong>\n
\n- <\/i> Limited range of additional financial products<\/span><\/li>\n
- <\/i> Occasional delays in deposit and withdrawal processes<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit OKX<\/strong><\/span><\/a>\n<\/p>Your capital is at risk<\/em><\/p>\n3. Bybit – Best Day Trading Platform<\/h3>\n
Another reliable platform for trading Ripple in the UK is Bybit<\/a>. The Dual Price Mechanism on Bybit exchange protects traders from trade\/ price manipulation and helps in preventing losses. Traders can set stop-loss and derive profit at the same time when they go for a limit order. With sophisticated trading features, this platform offers up to 100x leverage.<\/p>\nWith the leverage option, traders can opt for a higher value without actually holding that amount. When you trade with “leveraging”, you basically borrow from the platform to increase your bet. 100x leverage is an attractive feature, especially for experienced traders. By leveraging your trade with 100x, you have the potential of earning huge profits. In the case of high volatility, the feature will also incur losses even with a slight price dip. Hence, using such features demands caution.<\/p>\n
![\"XRP](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/12\/XRP-price-analysis-e1640535159413.png\")
<\/p>\n
Bybit Platform<\/em><\/p>\nBybit comes with an in-built Tradingview, which has remarkable indicators so that you can engage in trading Ripple profitably. There are no charges for funding and it stands out as a platform that offers a 0.025% maker rebate for limit orders in futures trading. You can also go for quarterly futures contracts trading. With this feature, traders are able to use a calendar cycle to set contracts’ expiry, which adds up to the spot price.<\/p>\n
Bybit does not directly handle fiat deposits. Users are able to deposit by using another cryptocurrency for trading. It has a 0.075% taker fee per order for futures trading and a 0.025% maker rebate. With a 0.10% trading fee for spot trading it is a competitive platform in terms of charges. Bybit XRP withdrawal charges are 0.25 XRP per withdrawal and the minimum withdrawal is 20 XRP.<\/p>\n
You can access the Bybit platform on a desktop or its app supported on IOS and Android systems.<\/p>\n
\n\nPros<\/strong>\n\n- <\/i> No KYC needed<\/li>\n
- <\/i> Up to 100x leverage<\/li>\n
- <\/i> Spot and contracts trading<\/li>\n
- <\/i> Enables quarterly futures contracts trading<\/li>\n
- <\/i> Maker rebate for trading contracts<\/li>\n
- <\/i> Available as a mobile app<\/li>\n
- <\/i> Multiple order types supported<\/li>\n
- <\/i> Reduced risk of liquidations<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\nCons<\/strong>\n
\n- <\/i> Withdrawal Fees<\/li>\n
- <\/i> Unregulated<\/li>\n
- <\/i> A limited number of trading pairs<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit Bybit<\/strong><\/span><\/a>\n<\/p>Your capital is at risk<\/em><\/p>\n4. Binance – Best Altcoin Exchange in UK<\/h3>\n
Binance<\/a> is another great option if you are looking for day trading Ripple. It has the highest daily trading volumes and liquidity. It is known to offer a huge number of trading pairs such as XRP\/ ETH, BTC\/ ETH, etc. Binance also facilitates the trade of a wide array of Altcoins on its platform. The technically advanced tools and indicators on the platforms enable day traders to trade profitably with Ripple.<\/p>\nBinance exchange has outstanding security features to keep your crypto funds safe. The security process includes two-factor authentication, address whitelisting, email notifications, etc. Although it is an unregulated platform, it still ensures commendable safety and security. You can access the Binance platform on a desktop or use the iOS\/ Android supported mobile wallet, and trading app.<\/p>\n
![\"XRP](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/12\/XRP-price-chart-e1640535112169.png\")
<\/p>\n
Binance Platform<\/em><\/p>\nThe commission that the platform charges is 0.10% per trade. The KYC process is not required to make deposits using another cryptocurrency. It is mandatory only when you carry out bank transfers or debit\/ credit card transactions for deposits. It has a charge of 3% for debit\/ credit card transactions. eToro only charges 0.5% in this case. If you deposit funds by using a UK bank account, it is completely free.<\/p>\n
Binance is known among traders for its sophisticated cryptocurrency instruments. You can go for futures, options, and swaps. Unlike Bybit, it does not offer maker rebates in futures trading. If you use its custom cryptocurrency, BNB, or convert fiat currency to BNB, you get a discount. The platform offers 24\/7 customer support on a ticket basis. It has options for retail and professional investor accounts.<\/p>\n
\n\nPros<\/strong>\n\n- <\/i> Wide range of Altcoins<\/li>\n
- <\/i> Hundreds of pairs<\/li>\n
- <\/i> Advanced charting tools<\/li>\n
- <\/i> Customizable indicators on charts<\/li>\n
- <\/i> 0.10% trading fee<\/li>\n
- <\/i> Discount for using BNB<\/li>\n
- <\/i> Good security measures<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\nCons<\/strong>\n
\n- <\/i> Up to 3.5% charge on deposits through debit\/ credit cards<\/li>\n
- <\/i> Customer support via tickets<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit Binance<\/strong><\/span><\/a>\n<\/p>Your capital is at risk<\/em><\/p>\n5. KuCoin – Best Low Marketcap Altcoin Exchange<\/h3>\n
KuCoin<\/a> can be used conveniently for trading Ripple in the UK. By supporting around 200 cryptocurrencies, it is a preferred name among investors.<\/p>\nBeing in the highly competitive crypto market, this relatively new crypto exchange enables futures and margin trading with up to 100x leverage. It is known in the market for having a well-structured trading platform. It offers a high volume of liquidity. The number of assets and services on this platform is huge and it is now a highly opted platform among seasoned crypto traders.<\/p>\n
Many investors who are seeking a variety in terms of coins go for KuCoin. If you trade Ripple on this platform, you can hugely benefit from more than 300 different trading pairs that it offers.<\/p>\n
![\"trading](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/12\/trading-platform-for-XRP-e1640538381424.png\")
<\/p>\n
KuCoin platform<\/em><\/p>\nBuying XRP <\/a>on the platform is possible with P2P fiat trade, credit\/ debit cards via Simplex, PayMIR, Banxa, etc. If you want to trade small market-cap coins apart from your Ripple investment, then this is the best platform available for you. It also offers bonuses and discounts.<\/p>\nKuCoin has a 0.1% charge per trade. The charges are relatively lower for futures trading. You can access the platform on a desktop or on the Android\/ iOS supported KuCoin mobile app. It maintains high-security measures. In addition to micro-withdrawal wallets and multifactor authentication, it also facilitates industry-level multilayer encryption and has internal risk control departments for maintaining overall safety.<\/p>\n
Although there is no deposit fee, the blockchain transaction fee depends on cryptocurrencies. It also has varying withdrawal charges as per cryptocurrencies. It has active customer support working 24\/ 7 and can be accessed on its website or via email and ticket system.<\/p>\n
\n\nPros<\/strong>\n\n- <\/i> Facilitates trading of 200 cryptocurrencies<\/li>\n
- <\/i> 300 different pairing options<\/li>\n
- <\/i> Low trading fees<\/li>\n
- <\/i> 100x leverage<\/li>\n
- <\/i> Low withdrawal fees<\/li>\n
- <\/i> 24\/ 7 customer support<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\nCons<\/strong>\n
\n- <\/i> No fiat trading pairs<\/li>\n
- <\/i> No bank deposits<\/li>\n
- <\/i> Suited mostly for seasoned investors<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit KuCoin<\/strong><\/span><\/a>\n<\/p>Your capital is at risk<\/em><\/p>\nHow we ranked the Best UK Ripple Trading Platforms<\/h2>\n
Below are the key factors we considered while deciding the most promising platforms for Ripple Trading in the UK:<\/p>\n
Trading Tools and Features<\/strong><\/h3>\nFor seasoned traders as well as beginners, trading tools and features can play a very important role in trading. To trade XRP with ease, traders can use a variety of tools. Features like stop-loss orders and take-profit orders help you regulate both profits and losses while you trade XRP. Market research, experts’ analysis, charting tools are other important features of a solid trading platform. These will make your Ripple investment profit-worthy.<\/p>\n
Some platforms also offer a demo account so that you can successfully test your trading skills before actually putting in real money. eToro offers tools like Copy Trading and CopyPortfolios, which are unique to its platform. While Copy Trading enables you to copy experienced and influential traders and mimic their moves, investing in the CopyPortfolio tool is also a great option.<\/p>\n
Its social trading platform also helps you stay connected with the trading community and take ideas for your trading. eToro also offers a demo account with a preloaded paper trading balance of $100k.<\/p>\n
Regulation & Safety<\/strong><\/h3>\nMany exchanges that might claim to offer flawless trading experience may not be regulated. You must thus be careful while choosing a platform for your investment. Platforms that are regulated will protect users and the funds. Unregulated platforms may not have that edge. You are also liable to get the best conversion rate for fiat to digital currency conversion when a broker you are trading with is regulated.<\/p>\n
eToro is a top name in this regard as it is regulated by the FCA, the ASIC (Australia), and CySEC (Cyprus). It thus makes sure that you trade with safety and ease. Regulated platforms will conduct a thorough KYC process and thereby are extremely reliable.<\/p>\n
Fees & Commissions<\/strong><\/h3>\nFees and commissions are also vital for exchanges to create a reputation among traders. These include deposit fees, commissions, withdrawal fees among other charges. There are platforms like eToro that do not charge any commission on buying\/ selling XRP. Platforms like Binance charges 0.10% commission on both buying and selling holdings.<\/p>\n
There are spreads charged by trading platforms, which are a one-time charge for buying\/ selling a trade. eToro’s average spreads are at 0.75%. Bybit offers a 0.025% maker rebate for limit orders in futures trading. Thus, these are significant indicators of whether a trading platform should be preferred by traders.<\/p>\n
Compare UK Ripple Exchanges<\/strong><\/h3>\n[side_by_side_comparison id=”17″ type=”Crypto”]\n Deposit Methods<\/strong><\/h3>\nDeposits methods contribute largely to a smooth trading experience, especially for new investors. With the continuous up-gradation of trading platforms, the top Ripple exchanges in the UK now offer a hassle-free experience while depositing funds. Converting GBP to XRP is not difficult on these platforms.<\/p>\n
While platforms like eToro and Binance facilitate fiat currency deposits, in some platforms, you might have to own another cryptocurrency for trading XRP. Some deposit methods on these platforms include-<\/p>\n
\n- SEPA<\/li>\n
- Credit\/ Debit Cards<\/li>\n
- Bank transfer<\/li>\n
- PayPal<\/li>\n
- Skrill<\/li>\n
- Neteller<\/li>\n
- Faster Payments<\/li>\n
- Wire transfers (with additional fees)<\/li>\n<\/ul>\n
Variety of Cryptocurrencies<\/strong><\/h3>\nThe variety of cryptocurrencies offered was another important yardstick while selecting the best UK Trading platforms for Ripple. While some support the most popular coins, some facilitate the trading of lesser popular coins and thus the range of Altcoins varies.<\/p>\n
Since the demand for cryptocurrencies is increasing at an unprecedented rate, we have looked at platforms that offer both these kinds of crypto coins. In this way, many new platforms are attracting a lot of investors to trading on their platforms.<\/p>\n
Overall User Experience<\/strong><\/h3>\nAs we offer you the list of the top Ripple Trading Platforms in the UK, we are sure these platforms will offer an outstanding user experience. With the advancement in these exchanges, many platforms are enabling users to swiftly navigate across their tools and features to make trading a convenient and profitable experience. We looked at platforms wherein working with different trading tools was not difficult. We also looked at smoother deposit and withdrawal methods.<\/p>\n
Our research also considered the user-friendly interface. Some platforms are better when browsed on the web, whereas some offer the same experience on the mobile app. Customer service was another point of consideration for us. It is important that you are assisted in the right manner and as quickly as possible and platforms like eToro live up to these expectations.<\/p>\n
How to trade Ripple in the UK<\/h2>\nStep 1: Open a Ripple Trading Account<\/strong><\/h3>\neToro is a top-rated platform that is Financial Conduct Authority (FCA) regulated. You can open an account with eToro by providing your necessary personal details.<\/p>\n
The details include Your Name, Date of Birth, National Insurance Number, Address, and Contact Details (mobile and email).<\/p>\n
\n- Select a username and a password.<\/li>\n
- Enter a unique code sent to your mobile phone to verify user authenticity.<\/li>\n<\/ul>\n
For a successful registration with eToro, upload the following documents:<\/p>\n
\n- Your passport or driving license.<\/li>\n
- Your bank account statement\/ utility bill. This is needed to verify your home address.<\/li>\n
- You may proceed without uploading documents if you deposit less than $2,250 (around £1,600).<\/li>\n
- Uploading of documents is required for smooth withdrawals.<\/li>\n<\/ul>\n
Step 2: Deposit Trading Funds<\/strong><\/h3>\nUpon creating an account successfully with eToro, deposit funds before you can start investing. The minimum deposit is $50. Other deposit methods include-<\/p>\n
\n- Bank Transfer<\/li>\n
- Debit\/ Credit card<\/li>\n
- Paypal<\/li>\n
- Neteller<\/li>\n
- Skrill<\/li>\n
- International bank wire<\/li>\n<\/ul>\n
Step 3: Search for “Ripple” or “XRP”<\/strong><\/h3>\n\n- You can download the eToro Wallet app from Google Play\/ Apple App Store<\/li>\n
- As you log in, this wallet will be connected automatically with your eToro account.<\/li>\n
- Type Ripple\/ XRP in the search box.<\/li>\n
- Make sure that you study the price trends and carefully analyze where it stands currently. Observe the value patterns across days\/ weeks\/ months\/ years. To know more about XRP price trends, you can refer our XRP price predictions<\/a>.<\/li>\n<\/ul>\n
![\"Best](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/12\/Best-XRP-trading-platform-e1640538436194.png\")
<\/p>\n
Several features on eToro such as Stats, CopyTrader and others<\/em><\/p>\nStep 4: Place Ripple Trade<\/strong><\/h3>\n\n- When the menu appears as you search for XRP, click on “Trade”.<\/li>\n
- Decide the XRP quantity you wish to buy and select it to confirm your order.<\/li>\n
- Enter a take-profit or stop-loss level if you wish<\/li>\n
- Before moving ahead with the purchase, verify that the amount required to make the purchase is available in your wallet to avoid any hassle.<\/li>\n
- When you’re ready, click ‘Open Trade’ to buy Ripple.<\/li>\n<\/ul>\n
- \n
- eToro – <\/strong>Best for copy trading others, and has solid regulation<\/li>\n
- OKX – <\/strong>Secure crypto exchange with smart portfolio<\/li>\n
- Bybit – <\/strong>Best for day trading<\/li>\n
- Binance – <\/strong>Best for a variety of altcoins<\/li>\n
- Kucoin – <\/strong>Best for small marketcap altcoins<\/li>\n<\/ol>\n<\/div><\/div>\n
Best XRP Trading Platforms – Full Reviews<\/h2>\n
eToro – Best Copy Trading Platform<\/h3>\n
eToro<\/a> stands out among the many crypto trading platforms on the market, and has listed XRP. As it is regulated by three institutions, it is also among the safest options available. The regulation licenses are from FCA, ASIC, and CySEC.<\/p>\n
With 50+ popular cryptocurrencies listed for trading including XRP, eToro is a suitable platform for trading XRP. There are many pairs that eToro offers, enabling investors to leverage on the same. You can also benefit from crypto-to-crypto trades on eToro such as BTC\/ XRP.<\/p>\n
<\/p>\nPast performance is not an indication of future results.<\/em><\/p>\n
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\n
eToro offers outstanding tools like CopyPortfolios (also known as Smart Porfolios), enabling you to access a diversified range of digital currencies with solid portfolio management. The Copy Trading tool in eToro also allows you to copy the buys, sells and stop loss orders of expert traders.<\/p>\n
The minimum deposit on the eToro platform is $10 for US and UK traders (about £7) and deposit methods include bank transfer, debit\/ credit card transactions, e-wallets like Paypal, Skrill, etc.<\/p>\n
Since many exchanges have suspended the markets for XRP, eToro remains one of your trusted platforms for trading XRP in the UK. It has an impressive customer support facility 24\/ 5 available on chat, email, or on-call.<\/p>\n
\n\nPros<\/strong>\n- \n
- <\/i> User-friendly, instant withdrawals<\/li>\n
- <\/i> Regulated by the FCA, ASIC, and CySEC<\/li>\n
- <\/i> Lower spreads compared to other platforms<\/li>\n
- <\/i> Offers crypto, stocks, indices, ETFs, and more<\/li>\n
- <\/i> Social trading, Copy trading and CopyPortfolio tools<\/li>\n
- <\/i> Supports fiat currency deposits<\/li>\n
- <\/i> Support debit \/ credit cards, Paypal, e-wallets<\/li>\n<\/ul>\n<\/div><\/div><\/div>
\n\nCons<\/strong>\n- \n
- <\/i> Technical indicators not as advanced as other platforms<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit eToro<\/strong><\/span><\/a>\n<\/p>
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\n
2. OKX – Secure Crypto Exchange With Smart Portfolio<\/h3>\n
OKX<\/a>, a popular cryptocurrency exchange, is an excellent choice for trading Ripple (XRP) and offers a range of advantages. With a strong reputation in the crypto industry, OKX provides a secure and regulated platform for investors. It is licensed by multiple regulatory bodies, ensuring compliance and instilling confidence in users.<\/span><\/p>\n
On OKX, you can trade XRP against various other popular cryptocurrencies, allowing for diverse trading options and potential for profit. Additionally, OKX supports crypto-to-crypto trades, such as XRP\/BTC pairs, providing flexibility to traders.<\/span><\/p>\n
<\/p>\nOKX platform<\/em><\/p>\n
The platform offers user-friendly features, including advanced trading tools and charts, empowering investors to make informed decisions. OKX also offers margin trading, enabling users to maximize their trading positions.<\/span><\/p>\n
Depositing funds on OKX is straightforward, with multiple options available, including bank transfers, debit\/credit cards, and various e-wallets. The minimum deposit requirement is typically reasonable, providing accessibility to a wide range of traders.<\/span><\/p>\n
\n\nPros<\/strong>\n- \n
- <\/i> Wide variety of cryptocurrencies available<\/span><\/li>\n
- <\/i> Option to buy or trade cryptocurrency CFDs<\/span><\/li>\n
- <\/i> Smart Portfolio feature for diversified investments<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div>
\n\nCons<\/strong>\n- \n
- <\/i> Limited range of additional financial products<\/span><\/li>\n
- <\/i> Occasional delays in deposit and withdrawal processes<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit OKX<\/strong><\/span><\/a>\n<\/p>
Your capital is at risk<\/em><\/p>\n
3. Bybit – Best Day Trading Platform<\/h3>\n
Another reliable platform for trading Ripple in the UK is Bybit<\/a>. The Dual Price Mechanism on Bybit exchange protects traders from trade\/ price manipulation and helps in preventing losses. Traders can set stop-loss and derive profit at the same time when they go for a limit order. With sophisticated trading features, this platform offers up to 100x leverage.<\/p>\n
With the leverage option, traders can opt for a higher value without actually holding that amount. When you trade with “leveraging”, you basically borrow from the platform to increase your bet. 100x leverage is an attractive feature, especially for experienced traders. By leveraging your trade with 100x, you have the potential of earning huge profits. In the case of high volatility, the feature will also incur losses even with a slight price dip. Hence, using such features demands caution.<\/p>\n
<\/p>\nBybit Platform<\/em><\/p>\n
Bybit comes with an in-built Tradingview, which has remarkable indicators so that you can engage in trading Ripple profitably. There are no charges for funding and it stands out as a platform that offers a 0.025% maker rebate for limit orders in futures trading. You can also go for quarterly futures contracts trading. With this feature, traders are able to use a calendar cycle to set contracts’ expiry, which adds up to the spot price.<\/p>\n
Bybit does not directly handle fiat deposits. Users are able to deposit by using another cryptocurrency for trading. It has a 0.075% taker fee per order for futures trading and a 0.025% maker rebate. With a 0.10% trading fee for spot trading it is a competitive platform in terms of charges. Bybit XRP withdrawal charges are 0.25 XRP per withdrawal and the minimum withdrawal is 20 XRP.<\/p>\n
You can access the Bybit platform on a desktop or its app supported on IOS and Android systems.<\/p>\n
\n\nPros<\/strong>\n- \n
- <\/i> No KYC needed<\/li>\n
- <\/i> Up to 100x leverage<\/li>\n
- <\/i> Spot and contracts trading<\/li>\n
- <\/i> Enables quarterly futures contracts trading<\/li>\n
- <\/i> Maker rebate for trading contracts<\/li>\n
- <\/i> Available as a mobile app<\/li>\n
- <\/i> Multiple order types supported<\/li>\n
- <\/i> Reduced risk of liquidations<\/li>\n<\/ul>\n<\/div><\/div><\/div>
\n\nCons<\/strong>\n- \n
- <\/i> Withdrawal Fees<\/li>\n
- <\/i> Unregulated<\/li>\n
- <\/i> A limited number of trading pairs<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit Bybit<\/strong><\/span><\/a>\n<\/p>
Your capital is at risk<\/em><\/p>\n
4. Binance – Best Altcoin Exchange in UK<\/h3>\n
Binance<\/a> is another great option if you are looking for day trading Ripple. It has the highest daily trading volumes and liquidity. It is known to offer a huge number of trading pairs such as XRP\/ ETH, BTC\/ ETH, etc. Binance also facilitates the trade of a wide array of Altcoins on its platform. The technically advanced tools and indicators on the platforms enable day traders to trade profitably with Ripple.<\/p>\n
Binance exchange has outstanding security features to keep your crypto funds safe. The security process includes two-factor authentication, address whitelisting, email notifications, etc. Although it is an unregulated platform, it still ensures commendable safety and security. You can access the Binance platform on a desktop or use the iOS\/ Android supported mobile wallet, and trading app.<\/p>\n
<\/p>\nBinance Platform<\/em><\/p>\n
The commission that the platform charges is 0.10% per trade. The KYC process is not required to make deposits using another cryptocurrency. It is mandatory only when you carry out bank transfers or debit\/ credit card transactions for deposits. It has a charge of 3% for debit\/ credit card transactions. eToro only charges 0.5% in this case. If you deposit funds by using a UK bank account, it is completely free.<\/p>\n
Binance is known among traders for its sophisticated cryptocurrency instruments. You can go for futures, options, and swaps. Unlike Bybit, it does not offer maker rebates in futures trading. If you use its custom cryptocurrency, BNB, or convert fiat currency to BNB, you get a discount. The platform offers 24\/7 customer support on a ticket basis. It has options for retail and professional investor accounts.<\/p>\n
\n\nPros<\/strong>\n- \n
- <\/i> Wide range of Altcoins<\/li>\n
- <\/i> Hundreds of pairs<\/li>\n
- <\/i> Advanced charting tools<\/li>\n
- <\/i> Customizable indicators on charts<\/li>\n
- <\/i> 0.10% trading fee<\/li>\n
- <\/i> Discount for using BNB<\/li>\n
- <\/i> Good security measures<\/li>\n<\/ul>\n<\/div><\/div><\/div>
\n\nCons<\/strong>\n- \n
- <\/i> Up to 3.5% charge on deposits through debit\/ credit cards<\/li>\n
- <\/i> Customer support via tickets<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit Binance<\/strong><\/span><\/a>\n<\/p>
Your capital is at risk<\/em><\/p>\n
5. KuCoin – Best Low Marketcap Altcoin Exchange<\/h3>\n
KuCoin<\/a> can be used conveniently for trading Ripple in the UK. By supporting around 200 cryptocurrencies, it is a preferred name among investors.<\/p>\n
Being in the highly competitive crypto market, this relatively new crypto exchange enables futures and margin trading with up to 100x leverage. It is known in the market for having a well-structured trading platform. It offers a high volume of liquidity. The number of assets and services on this platform is huge and it is now a highly opted platform among seasoned crypto traders.<\/p>\n
Many investors who are seeking a variety in terms of coins go for KuCoin. If you trade Ripple on this platform, you can hugely benefit from more than 300 different trading pairs that it offers.<\/p>\n
<\/p>\nKuCoin platform<\/em><\/p>\n
Buying XRP <\/a>on the platform is possible with P2P fiat trade, credit\/ debit cards via Simplex, PayMIR, Banxa, etc. If you want to trade small market-cap coins apart from your Ripple investment, then this is the best platform available for you. It also offers bonuses and discounts.<\/p>\n
KuCoin has a 0.1% charge per trade. The charges are relatively lower for futures trading. You can access the platform on a desktop or on the Android\/ iOS supported KuCoin mobile app. It maintains high-security measures. In addition to micro-withdrawal wallets and multifactor authentication, it also facilitates industry-level multilayer encryption and has internal risk control departments for maintaining overall safety.<\/p>\n
Although there is no deposit fee, the blockchain transaction fee depends on cryptocurrencies. It also has varying withdrawal charges as per cryptocurrencies. It has active customer support working 24\/ 7 and can be accessed on its website or via email and ticket system.<\/p>\n
\n\nPros<\/strong>\n- \n
- <\/i> Facilitates trading of 200 cryptocurrencies<\/li>\n
- <\/i> 300 different pairing options<\/li>\n
- <\/i> Low trading fees<\/li>\n
- <\/i> 100x leverage<\/li>\n
- <\/i> Low withdrawal fees<\/li>\n
- <\/i> 24\/ 7 customer support<\/li>\n<\/ul>\n<\/div><\/div><\/div>
\n\nCons<\/strong>\n- \n
- <\/i> No fiat trading pairs<\/li>\n
- <\/i> No bank deposits<\/li>\n
- <\/i> Suited mostly for seasoned investors<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
Visit KuCoin<\/strong><\/span><\/a>\n<\/p>
Your capital is at risk<\/em><\/p>\n
How we ranked the Best UK Ripple Trading Platforms<\/h2>\n
Below are the key factors we considered while deciding the most promising platforms for Ripple Trading in the UK:<\/p>\n
Trading Tools and Features<\/strong><\/h3>\n
For seasoned traders as well as beginners, trading tools and features can play a very important role in trading. To trade XRP with ease, traders can use a variety of tools. Features like stop-loss orders and take-profit orders help you regulate both profits and losses while you trade XRP. Market research, experts’ analysis, charting tools are other important features of a solid trading platform. These will make your Ripple investment profit-worthy.<\/p>\n
Some platforms also offer a demo account so that you can successfully test your trading skills before actually putting in real money. eToro offers tools like Copy Trading and CopyPortfolios, which are unique to its platform. While Copy Trading enables you to copy experienced and influential traders and mimic their moves, investing in the CopyPortfolio tool is also a great option.<\/p>\n
Its social trading platform also helps you stay connected with the trading community and take ideas for your trading. eToro also offers a demo account with a preloaded paper trading balance of $100k.<\/p>\n
Regulation & Safety<\/strong><\/h3>\n
Many exchanges that might claim to offer flawless trading experience may not be regulated. You must thus be careful while choosing a platform for your investment. Platforms that are regulated will protect users and the funds. Unregulated platforms may not have that edge. You are also liable to get the best conversion rate for fiat to digital currency conversion when a broker you are trading with is regulated.<\/p>\n
eToro is a top name in this regard as it is regulated by the FCA, the ASIC (Australia), and CySEC (Cyprus). It thus makes sure that you trade with safety and ease. Regulated platforms will conduct a thorough KYC process and thereby are extremely reliable.<\/p>\n
Fees & Commissions<\/strong><\/h3>\n
Fees and commissions are also vital for exchanges to create a reputation among traders. These include deposit fees, commissions, withdrawal fees among other charges. There are platforms like eToro that do not charge any commission on buying\/ selling XRP. Platforms like Binance charges 0.10% commission on both buying and selling holdings.<\/p>\n
There are spreads charged by trading platforms, which are a one-time charge for buying\/ selling a trade. eToro’s average spreads are at 0.75%. Bybit offers a 0.025% maker rebate for limit orders in futures trading. Thus, these are significant indicators of whether a trading platform should be preferred by traders.<\/p>\n
Compare UK Ripple Exchanges<\/strong><\/h3>\n[side_by_side_comparison id=”17″ type=”Crypto”]\n
Deposit Methods<\/strong><\/h3>\n
Deposits methods contribute largely to a smooth trading experience, especially for new investors. With the continuous up-gradation of trading platforms, the top Ripple exchanges in the UK now offer a hassle-free experience while depositing funds. Converting GBP to XRP is not difficult on these platforms.<\/p>\n
While platforms like eToro and Binance facilitate fiat currency deposits, in some platforms, you might have to own another cryptocurrency for trading XRP. Some deposit methods on these platforms include-<\/p>\n
- \n
- SEPA<\/li>\n
- Credit\/ Debit Cards<\/li>\n
- Bank transfer<\/li>\n
- PayPal<\/li>\n
- Skrill<\/li>\n
- Neteller<\/li>\n
- Faster Payments<\/li>\n
- Wire transfers (with additional fees)<\/li>\n<\/ul>\n
Variety of Cryptocurrencies<\/strong><\/h3>\n
The variety of cryptocurrencies offered was another important yardstick while selecting the best UK Trading platforms for Ripple. While some support the most popular coins, some facilitate the trading of lesser popular coins and thus the range of Altcoins varies.<\/p>\n
Since the demand for cryptocurrencies is increasing at an unprecedented rate, we have looked at platforms that offer both these kinds of crypto coins. In this way, many new platforms are attracting a lot of investors to trading on their platforms.<\/p>\n
Overall User Experience<\/strong><\/h3>\n
As we offer you the list of the top Ripple Trading Platforms in the UK, we are sure these platforms will offer an outstanding user experience. With the advancement in these exchanges, many platforms are enabling users to swiftly navigate across their tools and features to make trading a convenient and profitable experience. We looked at platforms wherein working with different trading tools was not difficult. We also looked at smoother deposit and withdrawal methods.<\/p>\n
Our research also considered the user-friendly interface. Some platforms are better when browsed on the web, whereas some offer the same experience on the mobile app. Customer service was another point of consideration for us. It is important that you are assisted in the right manner and as quickly as possible and platforms like eToro live up to these expectations.<\/p>\n
How to trade Ripple in the UK<\/h2>\n
Step 1: Open a Ripple Trading Account<\/strong><\/h3>\n
eToro is a top-rated platform that is Financial Conduct Authority (FCA) regulated. You can open an account with eToro by providing your necessary personal details.<\/p>\n
The details include Your Name, Date of Birth, National Insurance Number, Address, and Contact Details (mobile and email).<\/p>\n
- \n
- Select a username and a password.<\/li>\n
- Enter a unique code sent to your mobile phone to verify user authenticity.<\/li>\n<\/ul>\n
For a successful registration with eToro, upload the following documents:<\/p>\n
- \n
- Your passport or driving license.<\/li>\n
- Your bank account statement\/ utility bill. This is needed to verify your home address.<\/li>\n
- You may proceed without uploading documents if you deposit less than $2,250 (around £1,600).<\/li>\n
- Uploading of documents is required for smooth withdrawals.<\/li>\n<\/ul>\n
Step 2: Deposit Trading Funds<\/strong><\/h3>\n
Upon creating an account successfully with eToro, deposit funds before you can start investing. The minimum deposit is $50. Other deposit methods include-<\/p>\n
- \n
- Bank Transfer<\/li>\n
- Debit\/ Credit card<\/li>\n
- Paypal<\/li>\n
- Neteller<\/li>\n
- Skrill<\/li>\n
- International bank wire<\/li>\n<\/ul>\n
Step 3: Search for “Ripple” or “XRP”<\/strong><\/h3>\n
- \n
- You can download the eToro Wallet app from Google Play\/ Apple App Store<\/li>\n
- As you log in, this wallet will be connected automatically with your eToro account.<\/li>\n
- Type Ripple\/ XRP in the search box.<\/li>\n
- Make sure that you study the price trends and carefully analyze where it stands currently. Observe the value patterns across days\/ weeks\/ months\/ years. To know more about XRP price trends, you can refer our XRP price predictions<\/a>.<\/li>\n<\/ul>\n<\/p>\n
Several features on eToro such as Stats, CopyTrader and others<\/em><\/p>\n
Step 4: Place Ripple Trade<\/strong><\/h3>\n
- \n
- When the menu appears as you search for XRP, click on “Trade”.<\/li>\n
- Decide the XRP quantity you wish to buy and select it to confirm your order.<\/li>\n
- Enter a take-profit or stop-loss level if you wish<\/li>\n
- Before moving ahead with the purchase, verify that the amount required to make the purchase is available in your wallet to avoid any hassle.<\/li>\n
- When you’re ready, click ‘Open Trade’ to buy Ripple.<\/li>\n<\/ul>\n
- <\/i> No bank deposits<\/li>\n
- <\/i> 300 different pairing options<\/li>\n
- <\/i> Customer support via tickets<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
- <\/i> Hundreds of pairs<\/li>\n
- <\/i> Unregulated<\/li>\n
- <\/i> Up to 100x leverage<\/li>\n
- <\/i> Occasional delays in deposit and withdrawal processes<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n
- <\/i> Option to buy or trade cryptocurrency CFDs<\/span><\/li>\n
- <\/i> Wide variety of cryptocurrencies available<\/span><\/li>\n
- <\/i> Regulated by the FCA, ASIC, and CySEC<\/li>\n
- OKX – <\/strong>Secure crypto exchange with smart portfolio<\/li>\n