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

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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 analysing 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 decentralised 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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

263
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Bitpanda Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Neteller, Bank transfer (SEPA), SOFORT
EUR, GBP, CHF, USD

82
cryptocurrencies

A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

371
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
eToro Cryptocurrency Trading
Bank transfer, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

74
cryptocurrencies

Disclaimer: Volatile investment product. 75% 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.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. $200 minimum deposit.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

354
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
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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 decentralised 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 collateralised 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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

263
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Bitpanda Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Neteller, Bank transfer (SEPA), SOFORT
EUR, GBP, CHF, USD

82
cryptocurrencies

A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

371
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

354
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Changelly Crypto-to-Crypto Exchange
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
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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 do 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 - 8 of 8
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

371
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Changelly Crypto-to-Crypto Exchange
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

598
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1092
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 1,000 tokens including derivatives, yield farming and lending products.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

310
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, 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.
Uphold Digital Money Platform
Bank transfer (ACH), Credit card, Debit card
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD & 10+ more

125
cryptocurrencies

Buy, send and convert from 27 currencies in seconds, all on one platform.
Huobi Cryptocurrency Exchange
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

364
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Looking for more Ripple alternatives?

This is just a small selection of cryptocurrencies like Ripple. To find more coins and tokens with similar features and functions to Ripple, 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 time of writing the author holds ADA, ICX, IOTA and XLM.

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