ripple-bitcoin

Bitcoin vs Ripple

We compare bitcoin and XRP side by side – how do they stack up against one another?

Not only is bitcoin (BTC) the oldest and most widely recognised cryptocurrency in the world, it’s also the largest.

But the crypto marketplace is becoming increasingly crowded, with a diverse range of digital coins and tokens battling for their piece of the pie. XRP (XRP) is one of the leading competitors. Having become closely associated with San Francisco tech company Ripple, XRP is an independent asset designed to allow for faster and cheaper international payments.

XRP is sometimes referred to as “the next Bitcoin”, but is that really the case? To find out, let’s take a closer look at the similarities and all-important differences between bitcoin and XRP.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more Where to buy

Bitcoin vs XRP: The breakdown

Bitcoin (BTC)

Bitcoin

XRP (XRP)

XRP

Description The world's oldest, largest and most recognized cryptocurrency, bitcoin is peer-to-peer electronic cash that was originally designed to provide a viable alternative to fiat currency. XRP is designed to offer fast, cheap and secure cross-border payments through RippleNet, a network of banks and payment providers all around the world.
Uses Digital Asset Cross-border Payments
Ticker symbol BTC XRP
Release year 2009 2012
Origin Unknown United States
Maximum supply 21,000,000 100,000,000,000
Notable team members Satoshi Nakamoto Brad Garlinghouse, David Schwartz, Stefan Thomas
Notable partnerships - Accenture, American Express, Deloitte, Royal Bank of Canada, MoneyGram, National Australia Bank, Western Union, Westpac
Consensus algorithm Proof of Work Proof of Correctness
Mineable? Yes No
Learn to buy/sell

Is it called XRP or Ripple?

Before going any further, let’s clear up any confusion you may have about the differences between Ripple and XRP. Though Ripple is often used to refer to the XRP cryptocurrency, such usage is incorrect.

Ripple is the name of a US tech company focused on cross-border payment solutions.

XRP is an independent digital asset native to the open-source XRP Ledger. It is used to facilitate transactions on the Ripple network.

Check out our handy Ripple vs XRP infographic for more information.

Where to buy BTC and XRP

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Cryptocurrency
POLi
NZD
BTC, BCH, BTG, ETH, ETC, XLM, XRP, SC, WAX, CENNZ, ONT, NCASH, LIF, POLY, BAT, ZRX, NANO, RHOC, AE, ARDR & 35+ more
Based in New Zealand, BitPrime trades around 50 of the world’s top cryptocurrencies, including bitcoin, Ethereum, Ethereum Classic, Litecoin and Ripple.
Bank transfer
POLi
NZD
ZRX, AION, AMN, REP, BTC, BCH, ADA, CENNZ, DGB, ENJ, EOS, ETH, ETC, GVT, GNT, ICX, MIOTA, KMD, LTC, NANO, NAV, XEM, NEO, NCASH, OMG, ONT, POE, QTUM, REQ, XRP, SALT, XLM, TRX, VEN, XVG, WABI, WTC, ZEC, ZIL
Based in New Zealand, Easy Crypto enables users to simply pay in NZD through POLi or bank transfer to access a range of cryptocurrencies.
Credit card
Debit card
Neteller
PayPal
Yandex Money
USD
BTC, BCH, DASH, ETC, ETH, LTC, XRP, MIOTA, XLM, ADA, NEO, EOS
Copy the trades of leading cryptocurrency investors on this unique social investment platform.

Disclaimer: Highly volatile investment product. Your capital is at risk.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Bank transfer
NZD
BTC, ETH
On this New Zealand-based cryptocurrency platform, users can deposit up to $2,000 NZD every few weeks in a savings account or opt for instant buys.
Bank transfer
Cryptocurrency
POLi
NZD
BTC, BCH, ETH, LTC, XRP, EOS, ZRX, REP, STORJ, TUSD
A New Zealand-based cryptocurrency exchange that allows you to buy and trade between NZD and major cryptos on a full-featured trading platform.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC, XLM
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Cryptocurrency
Electronic Funds Transfer
SWIFT
AUD, NZD, USD
BTC, BCH, ETH, LTC, XRP, OMG, ZRX
Trade AUD and other fiat currencies against 5 different cryptos at competitive rates.
Credit card
Debit card
USD, EUR, RUB
BTC, BTG, BURST, BYC, CANN, CFI, CLAM, CLOAK, CLUB, COVAL, CPC, CRB, CRW, CURE, CVC, DASH, DCR, DCT, DGB, DMD, DNT, DOGE, OMG & 140+ more
Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Credit card
Debit card
OKPAY
PayPal
Skrill
SOFORT
EUR, USD, CHF, GBP
BTC
Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.
Blueshyft
BPAY
POLi
USD, EUR, GBP, AUD
BTC, ETH, LTC, XRP, ZEC
An all-in-one platform for buying, selling and managing bitcoin, this Australia-based platform supports users and currencies from various countries.
Cryptocurrency
MoneyGram
OKPAY
PayPal
Perfect Money
Western Union
USD, EUR, RUB
BTC, ETH, LTC
Buy and sell crypto and other digital currencies on this global fixed-rate exchange.
Cryptocurrency
BTC, XBT, ADA, BCH, EOS, ETH, LTC, XRP
Losses can exceed deposits.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Cryptocurrency
Wire transfer
USD, EUR
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, ZEC, XTZ, CNN, BOX, GOT, TKN, UTN
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
NB: A minimum opening deposit of US$10,000 or cryptocurrency equivalent applies.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
HADAX (Huobi Autonomous Digital Asset eXchange)
Cryptocurrency
-
BTC, ETH, 18T, BUT, LXT, CDC, UUU, AAC, CNN, UIP, UC, GSC, IIC, MEX, EGCC, SHE
Owned by the team behind Huobi.pro, HADAX lets users vote for cryptocurrencies it should list.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Cryptopia Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT, ZEN, NRG, SMART & 500+ more
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.
Mercatox Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Yandex Money
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
CoinMate Bitcoin Exchange
Cryptocurrency
Bank transfer (SEPA)
SOFORT
MoneyPolo
Bank Wire
EUR, PLN, CZK
BTC, BCH, LTC
Trade fiat currencies and cryptocurrency at this European-based exchange with options to pay through domestic bank wire, SEPA and SOFORT.
BPAY
Cryptocurrency
POLi
AUD
BTC, ETH, LTC, XRP, ZEC
Owned by the founders of the CoinJar platform, CoinJar Exchange is an advanced digital currency exchange suited for experienced traders.
Stellarport Exchange
Cryptocurrency
-
XLM, BTC, BCH, USDT, OMG, ZRX, KIN, MOBI & more
Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, QTUM, PPC, POT, OK, NVC, NMC, NLG, NEOS & 25+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Bitstamp Cryptocurrency Exchange
Debit card
Credit card
Cryptocurrency
Bank transfer (SEPA)
Wire transfer
AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
xCoins P2P Bitcoin Lending
Bank transfer
Credit card
Debit card
eCheck
PayPal
USD
BTC
Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
Bank transfer
Cryptocurrency
AUD, NZD
BTC, ETH, LTC, XRP, POWR
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptonit Cryptocurrency Exchange
Wire transfer
OKPAY Bank transfer (SEPA)
Advance Cash
EUR, USD
BTC, ETH, ETC, ZEC
Cryptonit is a secure platform for trading fiat currency for bitcoin, Litecoin, Peercoin and other cryptocurrencies which can be delivered to your digital wallet of choice.
Paxful P2P Cryptocurrency Marketplace
Cash
Credit card
Cryptocurrency
Debit card
Flexepin
iDEAL
Neosurf
Neteller
PayPal
Perfect Money
SWIFT
Western Union
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
XBrick Cryptocurrency Exchange
Cryptocurrency
-
BTC, USDT, ETH, EOS, AE, BTO, BTS, CAN, HLC, SEER, XAS
Recently launched in Australia in late 2017, XBrick now offers its services globally and users can download its mobile trading platform to buy and sell cryptocurrencies.
Cubits Bitcoin Exchange
Credit card
Debit card
Bank transfer (SEPA)
SOFORT
SWIFT
AUD, USD, EUR, SEK, HUF, JPY, GBP, NOK, HRK, CAD, CNY, CHF, CZK, RSD, TRY, BRL, DKK, PLN, RUB, ARS
BTC
Offering payment options such as credit card, SEPA and SWIFT, you can purchase bitcoin from this European-based exchange with an array of fiat currencies.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-
EOS, RFR, CS, AUC, BEE, BANCA, CNN, EOSDAC, FSN, NBAI, TRAC, VET, XBP & 60+ more
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, ZNY, DOGE, VSX, DASH & over 40+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Altcoin.io Decentralised Exchange
Cryptocurrency
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
BigONE Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, EOS, USDT, ADX, AE, AIT, ATN, ATT, BAT, BCDN, BIG, BTO, CANDY, CDT, CHAT, AT, CPS & over 60+ more
A crypto-to-crypto exchange listing over 100 pairings and low trading fees.
Gate.io Cryptocurrency Exchange
Cryptocurrency
-
EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more
Orderbook Exchange & ICO Platform
Cryptocurrency
Wire transfer
USD
TAAS, GNO, ANT, 1ST, HKN, BBT, WRC, AMM, OROC, CHSB, GLBX, BENJA
Orderbook is a decentralised cryptocurrency exchange and ICO platform where users can trade Ethereum-based ICO tokens.

Compare up to 4 providers

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Cryptocurrency
POLi
NZD
BTC, BCH, BTG, ETH, ETC, XLM, XRP, SC, WAX, CENNZ, ONT, NCASH, LIF, POLY, BAT, ZRX, NANO, RHOC, AE, ARDR & 35+ more
Based in New Zealand, BitPrime trades around 50 of the world’s top cryptocurrencies, including bitcoin, Ethereum, Ethereum Classic, Litecoin and Ripple.
Bank transfer
POLi
NZD
ZRX, AION, AMN, REP, BTC, BCH, ADA, CENNZ, DGB, ENJ, EOS, ETH, ETC, GVT, GNT, ICX, MIOTA, KMD, LTC, NANO, NAV, XEM, NEO, NCASH, OMG, ONT, POE, QTUM, REQ, XRP, SALT, XLM, TRX, VEN, XVG, WABI, WTC, ZEC, ZIL
Based in New Zealand, Easy Crypto enables users to simply pay in NZD through POLi or bank transfer to access a range of cryptocurrencies.
Credit card
Debit card
Neteller
PayPal
Yandex Money
USD
BTC, BCH, DASH, ETC, ETH, LTC, XRP, MIOTA, XLM, ADA, NEO, EOS
Copy the trades of leading cryptocurrency investors on this unique social investment platform.

Disclaimer: Highly volatile investment product. Your capital is at risk.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Bank transfer
Cryptocurrency
POLi
NZD
BTC, BCH, ETH, LTC, XRP, EOS, ZRX, REP, STORJ, TUSD
A New Zealand-based cryptocurrency exchange that allows you to buy and trade between NZD and major cryptos on a full-featured trading platform.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC, XLM
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Cryptocurrency
Electronic Funds Transfer
SWIFT
AUD, NZD, USD
BTC, BCH, ETH, LTC, XRP, OMG, ZRX
Trade AUD and other fiat currencies against 5 different cryptos at competitive rates.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Blueshyft
BPAY
POLi
USD, EUR, GBP, AUD
BTC, ETH, LTC, XRP, ZEC
An all-in-one platform for buying, selling and managing bitcoin, this Australia-based platform supports users and currencies from various countries.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Cryptocurrency
Wire transfer
USD, EUR
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, ZEC, XTZ, CNN, BOX, GOT, TKN, UTN
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
NB: A minimum opening deposit of US$10,000 or cryptocurrency equivalent applies.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
BPAY
Cryptocurrency
POLi
AUD
BTC, ETH, LTC, XRP, ZEC
Owned by the founders of the CoinJar platform, CoinJar Exchange is an advanced digital currency exchange suited for experienced traders.
Bitstamp Cryptocurrency Exchange
Debit card
Credit card
Cryptocurrency
Bank transfer (SEPA)
Wire transfer
AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Bank transfer
Cryptocurrency
AUD, NZD
BTC, ETH, LTC, XRP, POWR
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
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Bitcoin vs XRP: How do they work?

Satoshi Nakamoto’s 2008 paper outlined a vision for a form of peer-to-peer electronic cash known as bitcoin. Launched in 2009, the world’s first digital currency is based on a peer-to-peer network secured by cryptography, and there’s no central authority that governs bitcoin.

Bitcoin holders can transact directly with one another, with all transactions recorded in a public ledger known as the blockchain. Once a transaction has been added to the blockchain, its details can’t be removed or altered in any way. These transactions are verified and the network secured by volunteers known as miners, who use their computing power to solve complicated mathematical problems.

Meanwhile, XRP is a more recent arrival on the cryptocurrency scene. Its history dates back to the start of 2012 and the founding of the San Francisco fintech company now known as Ripple. Ripple’s aim is to provide faster, cheaper and more reliable international payments between banks than the infrastructure currently in place.

This is where the XRP cryptocurrency comes in. The native digital asset of the XRP Ledger, a decentralised ledger powered by a peer-to-peer server network, XRP acts as a liquidity source for banks and payment providers sending cross-border payments. Using Ripple’s network, and with XRP acting as the link between different fiat currencies, Ripple allows users to send payments that settle in four seconds, and the minimum transaction cost or a standard transaction is 0.00001 XRP.

How bitcoin (BTC) works

Bitcoin is electronic cash that users can transfer to one another through a peer-to-peer network, with all transactions recorded on a public ledger. Its original purpose was as an alternative to fiat currency.

How XRP (XRP) works

Banks and major corporations use XRP to send faster and cheaper international money transfers. XRP acts as a bridge between different fiat currencies, allowing funds to be sent via the Ripple network.


Key similarities between bitcoin and XRP

While bitcoin and XRP may seem quite similar at face value, there aren’t all that many similarities when you dig down a little deeper. Both are cryptocurrencies, both have an upper limit on the total number of coins to ever be created, and both are major players in the world of crypto.

However, these two currencies were designed with different purposes in mind. Bitcoin was developed as an alternative to fiat currency, designed to be used to pay for goods and services and for people to send payments directly to one another. Meanwhile, XRP serves as a pool of liquidity for banks, corporations and anyone else who wants to send an international money transfer.


Key differences between bitcoin and XRP

1. Purpose and philosophy

Satoshi Nakamoto’s vision for bitcoin focused on enabling peer-to-peer transactions that don’t require users to go through a third party. The aim was to cut out banks and other financial institutions – rather than sending funds via their bank, BTC holders can send transfers directly to one another.

But if bitcoin is anti-bank, Ripple is very much pro-bank. Rather than taking control away from the world’s financial institutions, Ripple’s focus is on working with the banks to enable them to send more efficient global transfers.

2. Decentralisation

Decentralisation, or a lack of control by any one person or authority, is one of the key underlying principles of bitcoin and many other cryptocurrencies. Bitcoin is an open-source currency backed by a passionate community of developers, and while many argue that the increasing difficulty of mining means that it’s not as decentralised as it should be, it’s based on a very different philosophy to Ripple.

Ripple is a privately-owned company that offers its products and services to banks and other companies. Ripple has copped heavy criticism for its level of centralisation, in part due to the much-publicised 2015 incident when the funds of recently departed Ripple founder Jed McCaleb were frozen, and also due to the fact that Ripple has locked up 55 billion XRP in escrow.

3. Supply

Bitcoin’s total supply is capped at 21 million coins, and approximately 17.2 million BTC (or approximately 82% of the total supply) circulating at time of writing (August 2018). The remaining coin supply is expected to be mined by 2140.

XRP has a maximum supply of 100 billion tokens, all of which have already been created. The XRP supply will decrease in future, as a small amount of XRP is destroyed as part of each transaction.

4. Transaction times and fees

There are also a few key differences between bitcoin and XRP from a functionality standpoint. Bitcoin transaction confirmations take around 10 minutes, while processing times bloat even further during periods of intense network congestion. Average transaction fees in the 12 months to July 2018 ranged anywhere from US$0.50 to a brief peak of more than US$50.

Contrast those figures with Ripple and XRP, where the transaction cost is less than US$0.01 and payments are settled in four seconds. And while XRP is capable of handling 1,500 transactions per second, bitcoin maxes out at around seven transactions per second.


Bitcoin vs XRP: Current prices

BTC

XRP


Wallets for bitcoin and wallets for XRP

If you’re thinking of buying either bitcoin or XRP, you’ll first need to set up a wallet where you can store your crypto coins. There are myriad bitcoin wallets available, ranging from secure hardware wallets to desktop, mobile, web and even paper wallets.

XRP holders aren’t quite as spoiled for choice, but there are still multiple options to choose from. Take a look at our crypto wallets guide for tips on how to choose the right wallet, or check out our separate guides on the best wallets for bitcoin and XRP.


Pros and cons of bitcoin and XRP

Bitcoin (BTC)

  • The biggest and best known of all digital currencies, bitcoin has achieved a level of mainstream recognition that most other cryptos can only dream about. Its performance has a significant impact on the prices of all other cryptocurrencies, and it’s backed by a passionate community.
  • Slow transaction times, high fees and limited transaction throughput all hamper bitcoin’s usefulness as a payment currency. There are several other currencies that perform better than bitcoin in pure payment terms.

XRP (XRP)

  • The cross-border payments sector is greatly in need of disruption, and Ripple’s plan to transform slow and outdated international transfer methods could be the answer. Ripple also boasts a strong financial position and a sizable list of partnerships with major financial institutions around the world – all of which is good for XRP.
  • Widespread adoption is the biggest challenge facing Ripple in the months and years ahead, with competition expected to come from SWIFT, Visa, Stellar and even the banks themselves. Whether the world’s largest banks, financial institutions and corporations will come to Ripple’s party remains to be seen.

The bottom line

Bitcoin and XRP are based on different philosophies and developed with different end goals in mind. XRP isn’t “the next bitcoin”, but that doesn’t mean it isn’t worth considering for crypto buyers.

With strong financial backing and more partnerships than just about any other digital currency project out there, Ripple has laid a solid foundation for its assault on the global payments industry. And if the US fintech company can achieve the widespread adoption it’s hoping for, it could spell good news for XRP holders.

As for bitcoin, its position as the world’s largest and best-known cryptocurrency doesn’t look like being challenged any time soon. While issues with scalability limit its potential for day-to-day transactions, and therefore present a barrier to wider use, it’s perhaps better suited as a store of value than a payment currency.


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 time of writing the author holds ADA, ICX, IOTA and XLM.

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