How to Convert Bitcoin (BTC) to Ripple (XRP) in 2024?

Exchanging one cryptocurrency for any other, for example, Bitcoin to Ripple, doesn’t seem to pose any issues. But still, users are scammed, and their coins are gone forever. Let’s check in detail how to exchange BTC for XRP or any other cryptocurrency safely.

What Is Bitcoin (BTC)?

Bitcoin is frequently called “the father” of cryptocurrency. It is the first cryptocurrency and the most expensive coin in the crypto market. It was launched to provide a decentralized alternative to fiat money. Therefore, its main aim is to serve as money.

Bitcoin is accepted by many vendors and service providers. Its popularity is growing and its long-term value is also increasing.

What Is Ripple (XRP)?

Ripple is the first and only cryptocurrency aimed at improving the banking system instead of replacing it. The Ripple network is used to provide a safe environment for international transactions. Fees within the network are almost absent, and it takes just a couple of seconds to perform a transaction.

How to Choose Platform to Exchange BTC for XRP?

Bitcoin and Ripple are among the most popular cryptocurrencies. Therefore, it’s not difficult to find an exchange that supports both coins.

Even though the cryptocurrency market has become relatively secure compared to how it was a few years ago, scammers are still there. To avoid being scammed, choose carefully the platform to swap your coins. Always make sure that:

  • The service has a registered address. It means that it is not just a website that can vanish at any moment but a legitimate business.
  • The platform has positive reviews and users don’t mention scamming even if they aren’t completely happy with the service.
  • Customer support is available and solves user issues (test them before making a swap on the platform, talk to them, send them an email, ask them questions).

Once you have found a reliable platform, make sure it offers the required functionality:

  • All platforms will offer you a live calculator: this tool helps you to calculate how many coins you will get when the swap is completed.
  • A live price chart is also available on the majority of platforms: there, you can check the current price of coins, exchange rates, the market cap of a specific coin, its trading volume over a specified period, and other important data needed to make a wise decision.
  • An easy-to-use widget to exchange the coins.

Custodial BTC/XRP Exchanges

If you choose such a service for your BTC to XRP swap, you can count on a wallet that supports both coins, fast transactions, and advanced trading features. This makes such platforms good for frequent trading. However, the private keys to your coins are controlled by the platform. A withdrawal fee is charged if you decide to withdraw your assets to another wallet. The majority of custodial exchanges deal with fiat money and will request you to register an account and complete KYC procedures.

Some of the most widely-used custodial exchanges are Binance, Coinbase, Huobi, Kraken, Bitfinex.

Instant (Non-Custodial) BTC/XRP Exchanges

Instant crypto swap platforms such as LetsExchange.io belong to a newer type of cryptocurrency exchange. Their main benefits are the following:

  • Instant exchanges provide non-custodial services. It means that you don’t pass your private keys to the service. You are the only one to manage your assets. This ensures their advanced security. However, you should be ready to set up a third-party wallet to send and receive your coins.
  • Instant exchanges are usually integrated with multiple major custodial exchanges through API. Once you provide the information needed for a swap, the platform searches all the integrated exchanges for the best deals and offers you the most profitable conditions.
  • Usually, instant exchanges don’t set upper limits for the number of swaps or the amount of crypto to exchange.
  • On LetsExchange.io, you can swap crypto without signing up . This allows you to maintain your privacy and exchange BTC for XRP or other cryptocurrencies instantly, without wasting time on registration and verification.

While some instant exchanges deal with fiat money, others don’t. If you want to exchange fiat for crypto, and the chosen platform offers this option, be ready to provide some information of personal and financial character for registration and verification purposes.

Conclusion

Swapping BTC to XRP is not an issue nowadays because these two coins are supported by the majority of exchanges. All you need to do is to make a profitable transaction. Therefore, analyze the situation in the cryptocurrency market. Use all available information to see whether it is better to swap BTC to XRP now, or if it might be profitable to wait. When the right time comes, exchange your coins on a reliable platform.