Ripple (XRP) works as a money transfer network to serve the financial services industry’s needs, given its fast transaction speed in 3 to 5 seconds and affordable fees.
Get started with a smooth-sailing and convenient deposit method for funding using your mobile device as it is ready and set, and you can quickly use XRP for deposits.
Financial institutions utilise XRP for deposits for more affordable cross-border transactions while individuals have a more accessible alternative to traditional banking. Ripple as a deposit method utilises an open-source, permissionless, and decentralized technology that is carbon-neutral. There are 20 crypto trading sites supporting Ripple and 11 crypto casinos which support Ripple as deposit method as seen in the toplists below.
Top 20 sites for buying, selling and trading crypto with Ripple (XRP)
This is the toplist with the best sites to buy, sell or trade cryptocurrencies with XRP. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Top 11 casinos with support for Ripple (XRP)
Go directly to
- 1 Top 20 sites for buying, selling and trading crypto with Ripple (XRP)
- 2 Top 11 casinos with support for Ripple (XRP)
The deposit method is known for its usage as an investment and is a way to finance transactions on Ripple mobile payments. Many leading crypto exchanges allow the deposit method as it has secure transactions, as most ledger holders must agree with the verification for them to be added.
Additionally, there are many crypto sites that accept XRP due to its convenience, low fees, and carbon-neutral network. The deposit option works under the Ripple network that uses a consensus protocol and maintains unique node lists that users can select to verify their transactions based on the participants they deem legitimate. People use the deposit method as the transaction speed facilitates secure and efficient valid transactions in 3 to 5 seconds, which gives it an edge over other cryptocurrencies. The advantage of using this funding method is that it provides innovative technology transforming the global financial services space for general transactions, potential investments, and processing different trades such as changing currencies.
+The deposit method offers rapid transactions of 3 to 5 seconds.
+Users incur low transaction fees; averagely $0.0002 per XRP transaction.
+Ripple is highly scalable as it consistently handles 1500 transactions per second.
+Large financial institutions use Ripple due to significant market adoption.
+The XRP ledger is more sustainable and energy efficient than other deposit methods.
-Some classify Ripple as partly centralized due to the default list of validators.
-Its supply is stored in escrow which could impact its value.
-SEC lawsuit against Ripple may impact its reputation as a deposit method.
-Ripple faces strong competition from SWIFT as a large international payment network.
-The Ripple coins are pre-mined and hence cannot decrease in number.
What is XRP?
It is a digital cryptocurrency that works to facilitate deposits on the Ripple Network and other cryptocurrency exchanges. The option is an affordable solution to cross-border remittances and transactions, enabling quick and convenient transactions. The alternative is used by a growing network and adopted by various money transfer companies. Financial institutions use it to bridge currencies to facilitate global rapid and affordable cross-border transactions. Also, individuals use it as an alternative to other methods, such as traditional banking and different currencies globally. It is used on an open-source foundation that does not hurt the environment through its green infrastructure.
Users incur transaction and network fees to facilitate the trade of fiat currencies and cryptocurrencies. It has a low transaction fee averagely of $0.0002(0.00001 XRP) per transaction. Thus, the standard cost is minimal compared to banks’ hefty fees for conducting cross-border transactions.
Transaction speed for XRP
It takes an average of 3 to 5 seconds to settle a transaction. Issues such as slow internet may cause the transaction speed to take a longer time. However, the option is favourable as people choose it due to the rapid transfers.
1. Select XRP from the list of deposit options.
2. Key in the deposit amount on the site and press GO.
3. Finalize the transaction with a verification method of your choice, such as Face ID, Touch ID, or PIN code on your mobile device
4. Confirm the transaction, as it will be complete in seconds.
Which are the main countries where XRP is used?
Many countries use it for their transactions using their banks. These countries include the USA, the UK, and Mexico. However, several exchanges delisted the deposit method in the US following Ripple’s SEC lawsuit.
Can you withdraw with XRP?
The coin facilitates withdrawals using different crypto exchanges and via other platforms indirectly by transforming it into other cryptocurrencies or fiat currencies. Using different exchanges, users can successfully withdraw it from their wallets. Users can select a withdrawal address or add a new one to complete the transaction process.
Reputation of XRP
The deposit method is efficient and secure for fast and low-cost transfers. Online ratings from Twitter and users on online platforms rate it highly for its service and support. Users highly appreciate the integrated payment option and tracking and tracing properties. However, some users perceive it differently and in a sceptical light due to the SEC lawsuit surrounding the network. A majority still use the deposit method for its cconvenience sustainable, fast, and cheap transactions.
Below are some of the most frequently asked questions related to XRP for funding a crypto account.
Is it safe to use XRP for cryptocurrencies?
One must be careful as it is mainly risky if one clicks on links from an untrustworthy source, for instance, spam SMS or email, instead of official links like those on CryptoLists.com.
How do I set up the deposit method?
You require a Ripple wallet to transact for funding. These include Ripple mobile payments wallets, software wallets, and hardware wallets. You select either based on your needs. However, Hardware wallets are the safest. Exchanges automatically create your wallet once you log in to your account and tap the Send or Receive button to activate it.
Is XRP instant?
The option is almost instant, as the transaction takes nearly 3 to 5 seconds to settle.
When was XRP founded?
It was founded in the year 2012.
Where is the mother company based?
In San Francisco, California.
Does XRP only work on Apple devices?
It is compatible with Android, Apple, and PC.