Many leading exchanges had delisted XRP in light of the SEC lawsuit, but some added it back after the most recent court decision. But if you decide to buy XRP with another crypto, you’ll have to create a crypto wallet that supports XRP and then use the currency on the exchange uses that pairs with XRP to buy the crypto. However, complaints over the gameplay and the price of the NFTs needed to play it quickly saw the hype die away. By January 2022, the market cap had dipped to $3 billion and the price to under $50. Its secondary token SLP lost 99% of its value just a month later and then the protocol suffered a $600 million hack from North Korea from which it has never recovered.

• Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs.
• It uses smart contracts and a proof-of-stake validation mechanism, similar to Ethereum, but offers more scalability for dApp developers.
• Furthermore, the National Australia Bank (NAB) started to adopt the ISO standard through RippleNet earlier in 2022.
• You can check here to find a list of exchanges that meet that criteria.
• In addition, Ripple has a strong team behind it that is constantly working to enhance the technology.

Although it differs slightly from other cryptocurrencies, XRP can still be bought and traded like many of its digital counterparts. If you’re wondering how and where to buy XRP, you’ll find the most important details along with a list of all the top exchanges that support XRP in this guide. And as with all cryptocurrency – Remember https://www.tokenexus.com/xrp/ that where there is great reward, great risk is involved. Following the SEC’s announcement, XRP’s price had suffered a massive drop, with several major exchanges closing all trading activities for XRP. As it currently stands, Ripple is an exciting fintech (financial technology) organization with an innovative financial platform.

XRP Ledger: Built for Business

Ripple (XRP) launched in 2012 with a bold mission to shake up international remittances by using cryptocurrency to help people move money around the world. XRP has a loyal following which helped it reach an all-time-high price of $3.40 in January 2018. Our hardware wallets let you take control of your assets, with the highest security standards. XRP enables a system that can outperform many established cryptocurrencies and legacy money transmission technologies. This has led to a world class payments system that minimizes intermediary processes and enhances the overall benefits to its users.

• XRP is not a Proof-of-Stake (PoS) cryptocurrency and uses a consensus mechanism called the Ripple Consensus Protocol (RCP), which does not require staking.
• HTX allows users to buy, sell, stake, and even borrow a large range of cryptocurrencies, including XRP.
• Right now, presale investors can earn up to 261% APY on their staked $GBTC.
• However, should XRP lose its case with the SEC the panel expects its value to drop to $0.24.

You’ll want to check the type of currency that you’ll need to use to purchase XRP. Note the terminology of “trading pairs,” such as Bitcoin (BTC) to Tether (USDT). In the case of BTC/USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. The largest smart contract network is attracting heavy development and successfully switched to proof-of-stake validation. According to DappRadar, there are just 13,500 daily active players at the time of writing, with the price around $6.

Best Crypto Wallets

$SMOG holders can generate airdrop points and receive huge rewards by holding the token. Smog has also reserved 140 million tokens for future centralized exchange listings. Third on our list for the best cryptocurrency right now is Smog ($SMOG) – a new multi-chain meme coin. This new cryptocurrency has recently conducted its fair launch – listing straight on the Jupiter DEX on Solana. Since this is a multi-chain token, you can buy $SMOG with ETH or USDT on the Smog website and you can stake it for 42% APY. Avalanche is an ultra-fast blockchain and Ethereum competitor launched in 2020.