TRADE RIPPLE

Buying and Selling Ripple vs. Trading Ripple CFDs

Ripple CFDs allow for instant trading – our CFDs let you trade the XRP/USD price without needing to own it. When you have Ripple in a wallet though, you will have to put it on an exchange and then wait for someone to be on the opposite side of the transaction – i.e. if you’re selling, you need to find someone to buy, and when you buy Ripple you need someone sell at the price you want.

Access to leverage is another benefit of trading Ripple via a CFD; something that is not an option if you hold the actual asset. Leverage in essence is short term credit a broker offers its client to be able to open a larger position. Since leverage multiplies movements in both directions, risk can be managed with tools like stop loss. A standard feature on all easyMarkets accounts is free guaranteed stop loss** that allows you to set the maximum risk you are comfortable with when you are using leverage.

Finally, the other significant benefit when you trade Ripple CFDs is the ability to potentially benefit from both the rise and fall of Ripple’s price. When you hold XRP, a drop in its price would result in losses, but presents an opportunity to purchase it at a lower price.