All assets include volatility, including ripple. Cryptocurrencies, on the other hand, don't value themselves by specific groups or entities. Ripple's price will rise or fall based on the supply and demand of cryptocurrencies.
As well as acting as a payment network and crypto currency, Ripple is a technology used in financial transactions. The program first appeared in 2012, and its creators were Chris Larsen and Jed McCaleb.
The main function of Ripple is to settle payments and remit assets, similar to SWIFT, which is used by banks and financial intermediaries to transfer international money and securities.
Tokens used for this cryptocurrency are premined and have the symbol XRP. XRP is the cryptocurrency token of the Ripple company and network. As a temporary settlement layer, XRP serves as an intermediary mechanism for exchange between two currencies or networks.
The Ripple platform is a peer-to-peer platform that allows for seamless money transfers in any form, whether it's dollars, yen, euros, bitcoins, or litecoins.
In addition to major banks and financial institutions, Ripple offers a global payments network. XRP facilitates quick currency conversion between different currencies in its products.
Traders can buy and sell Ripple on an exchange using fiat currencies or cryptocurrencies. Exchanges are online platforms that serve as intermediaries between buyers and sellers of cryptocurrencies.
An exchange requires users to register to transfer cryptocurrencies, and they must also go through several verification steps to authenticate their identities.
When the verification is completed, an account will be opened for the user, and they must transfer funds into it prior to purchasing coins.
You can buy and sell Ripple on the OMPFinex exchange. After registering on the OMPFinex platform, you will be required to authenticate your identity, deposit money into your account, and then set a buy or sell order.
You can buy XRP in 2 ways:
Choose Ripple/Rial pair at Toman Market to convert the Rial to Ripple. Type the desired price and amount. Your order will be filled and the Rial equivalent will be deposited in your wallet when the market price reaches the price you selected.
You can sell or buy Ripple in two ways: limit and market. In a market order, your order will be filled instantly.