Query on Ripple Coin XPR

General
1

Hey guys, Could some1 who knows about Ripple help me here please?
Which is the best platform to create and account and how quickly one can start trading?
Can some1 tag who might know and share his experience?
Thanks

2

Considering the Current uncertain situation of crypto currency trading in India.

The below Hotline numbers will be correct place to ask regarding Ripple trading.

2 Likes
3

Koinex.in is one but I would advise you not to invest in cryptos as you stand to lose it all because it maybe a ponzi scheme. Also transaction cost of the exchanges are high, if you invest high amounts IT dept will have an eye on you.

4

Kionex have paused new registerations. I am looking to invest 5000-7000₹ only

5

@tushjain00 Koinex is the best one we have now in India. we have a lot in other countries where you can trade.

1 Like
6

bro, it seems to be clear that, when such currency, which are not regulated, are just running to bring investor and making such high, those big players who have invested times ago in then will exit and that’s sure,
govt want retailer not to come under this thing, otherwise their hard earned money will vanish as in 08.
in 08 insurances and loans were brought to the market in huge quantity, and every one knows what happened
and know this kind of currency making such environment

7

@vijender88 FYI Axis bank, Yes Bank in india uses XRP for International remittances.

8

True, Ripple facilitates quick remittance but does that validate the market cap of Ripple?

9

Banks also use NEFT, RTGS etc does that mean if I go and create cypto in that name if it’s not already there people should buy it?

10

@Srinivas At current market price it too overvalued.

11

But what is the use of the Ripple cryptocurrency?

12

Ripple is not a bank. Maybe i didn’t understand the question.

13

Ripple solves the problem of international remittances from days(Banks) to fraction of a second. The payments are done via ripple in it’s network.

14

look historic market crisis
in 08 layman brothers was the biggest one and all other bank and investment companies involved were the top most in US and whole WORLD,
they even gave issuance of refund on any crash, did anyone get even a single penny
you are the owner, it’s your responsibility to take care of your capital, depending on someone else, he will just say sorry, if you get bankrupt

15

That’s the eternal question when it comes to cryptos. The answer sadly is no one knows.

1 Like