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Compare Ripple alternatives: 3 top competitors

Your guide to three leading Ripple alternatives and how they compare to XRP.

Launched with a mission to transform the international payments industry, Ripple offers a real-time settlement network for fast and affordable cross-border transactions. XRP, Ripple’s native currency, is used to facilitate transactions on Ripple’s global network.

However, Ripple isn’t the only cryptocurrency project looking to make waves in the world of international payments, so let’s take a look at three leading Ripple alternatives.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

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At a glance: 3 Ripple alternatives

1 - 3 of 3
Name Product Ticker symbol Use Year released
Stellar Lumens
XLM
Cross-border Payments
2014
OmiseGO
OMG
Decentralised Payment Platform
2017
Nano
NANO
Digital Asset
2015
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An in-depth look into 3 Ripple alternatives

1. Stellar lumens (XLM)

If you’ve spent any time at all analyzing the strengths and weaknesses of Ripple, you’ll no doubt have come across comparisons between Ripple and Stellar – and with good reason. Programmer Jed McCaleb played a key role in Ripple’s development, and after he left the company following a difference of opinion, he moved on to co-found Stellar.

Similar to Ripple, Stellar also offers a distributed payments network designed to provide fast and cheap cross-border payments. By connecting banks, payment systems and people, and through the use of its lumens currency, Stellar allows international payments that can be processed within two to five seconds, with fees of 1/600,000th of a cent per transaction. There are other features to the Stellar network as well, including an ICO platform and a decentralized exchange.

Though they’re often listed as competitors, Ripple and Stellar have so far concentrated their efforts in different areas – Ripple on joining forces with major banks and financial institutions and Stellar on providing low-cost financial services to people in the developing world. However, it remains to be seen which project has adopted the more successful approach.

How to buy Stellar Lumens Learn more about Stellar Lumens

Where to buy Stellar

1 - 5 of 24
Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

39
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX exchange offers a range of cryptocurrencies, up to 10x leverage, access to global liquidity, no-fee debit cards for FTX users, fee-free first ACH deposit and benefits for FTT token holders.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

151
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

25
cryptocurrencies

New customers earn up to 12% on initial deposits. The more you deposit, the more you earn.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
SoFi Invest Crypto
Bank transfer
USD

21
cryptocurrencies

Win up to $100 in crypto with a qualifying first trade
Instantly purchase a handful of leading cryptocurrencies with the SoFi app, which also insures your coins against potential hacks or theft.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

660
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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2. OmiseGO (OMG)

With a mission to “unbank the banked”, OmiseGO offers a peer-to-peer platform where users can quickly and securely exchange fiat and cryptocurrencies. Built on Ethereum, OmiseGO is developing a currency-agnostic decentralized exchange network capable of interacting with blockchains (eg bitcoin or Litecoin) through clearinghouses in state channels or smart contracts, as well as with digital fiat platforms through the use of collateralized fiat tokens.

OmiseGO also offers an e-wallet software development kit which is free to use and allows digital wallet providers to connect to the public OMG network so that their users can transact any digital assets.

The end goal is to overcome coordination difficulties amongst payment processors, gateways and financial institutions, providing a value transfer service that operates across currencies, asset types and national borders. Although OmiseGO is focused on the southeast Asian market, its network is designed to allow anyone to conduct real-time, peer-to-peer financial transactions, including everything from payments and remittances to B2B commerce and supply-chain finance.

If you’re searching for a cryptocurrency with similarities to Ripple, it’s well worth a closer look.

How to buy OmiseGO Learn more about OmiseGO

Where to buy OmiseGO

1 - 5 of 10
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

151
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

660
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Crypto.com App
Bank transfer (ACH), Bank transfer, Credit card, Cryptocurrency, Debit card, Wire transfer, TransferWise, Apple Pay, Google Pay
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR

286
cryptocurrencies

Buy 260+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bitstamp Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

71
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Paybis Cryptocurrency Exchange
Bank transfer, Debit card, Neteller, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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3. Nano (NANO)

Our third alternative to Ripple is something a little different. Unlike Ripple and its focus on banks and major financial institutions, Nano (NANO) is designed purely as a peer-to-peer digital currency.

Originally known as RaiBlocks, Nano offers instant, zero-fee transactions and is designed to be infinitely scalable. Launched in 2017, this innovative crypto combines blockchain with directed acyclic graph technology (DAG) in a unique “block-lattice” infrastructure. DAG systems see individual transactions directly linked to one another, offering improved scalability compared to blockchain-based systems.

In short, Nano is a payment currency and nothing more. It aims to become a viable alternative to fiat currency for everyday transactions, offering fast and cheap peer-to-peer payments all over the world.

This means it’s being developed with quite a different focus to XRP and can’t boast anything like the level of financial support or the impressive range of corporate partnerships that Ripple can. However, Nano’s features make it a viable choice for individuals and merchants, so it’s a coin worth watching closely in the months and years ahead.

How to buy Nano Learn more about Nano

Where to buy Nano

1 - 5 of 5
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

151
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

660
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Paybis Cryptocurrency Exchange
Bank transfer, Debit card, Neteller, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

133
cryptocurrencies

Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD, RUB

569
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Looking for more Ripple alternatives?

This is just a small selection of exchanges like Ripple. To find more coins and tokens with similar features and functions to XRP, check out our comprehensive guide to altcoins.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Disclosure: At the time of this writing, the author holds ADA, ICX, IOTA and XLM.

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