Frequently asked questions
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
Currency of any kind can be turned into Ripple, but the smoothness of the transaction will depend on a range of factors. Fundamentally, XRP is designed to act as a bridge between different kinds of
currency, including fiat and other crypto. Some exchanges will only accept dollars, which means that you’ll have to trade your currency twice,
incurring additional costs along the way. Credit and debit cards can be used, as well as direct bank transfers. The former may be more convenient, but the latter tends to be cheaper and more secure.
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