Ripple (XRP) is the native currency of the Ripple network that only functions within the Ripple system.
Ripple does not rely on the proof-of-work concept. Instead, it leverages the consensus protocol to validate account balances and transactions.
One of the specific XRP functions is the bridge currency. The function covers scenarios where no direct exchange between two selected currencies is available at a given time, e.g., in transactions between two rarely traded assets.
All of Ripple's 100 billion coins have already been "pre-mined", and the total count may only decrease over time. Every transaction on Ripple entails a mandatory commission fee.
EXANTE commission fee for trading cryptocurrencies is 0.5%.
To start trading, open an account in EXANTE: follow the link and download your 2 documents. On the same day, the account manager will be in touch to guide you through the process and help with the trading platform functionality and other related issues.
Please contact our 24-hour support for full detail on cryptocurrency trading.