XRP has made it to yet another cryptocurrency exchange, Exchainpay. Even though the exchange is not a big player in the crypto industry yet, still its listing can play a good role for Ripple’s coin. “Exchainpay” stands for Exchange Blockchain and Payment. It’s the name of India’s primary cryptocurrency exchange. The company wants to provide a global platform in which traders from all the planet can trade their digital assets safely and using a user-friendly interface.
The fees are meager, the platform is safe, the listing process is easy, and it currently offers sixteen cryptocurrencies for trade. The site’s primary business is in INR, the Indian fiat, and if you choose to use that currency, you’ll get the extra advantage of not having to go through the bothersome and some times intrusive KYC.
It’s Ripple’s XRP
So, the latest listing in Exchainpay is none other than Ripple’s XRP. The banking cryptocurrency is now available in trading pairs against the INR, BTC, TUSD, and ETH. And the trading fee is of zero.
Ripple’s XRP keeps getting more traction in the cryptosphere as it’s being listed in more and more cryptocurrency exchanges all the time. It’s even being adopted as a base-currency in many of them which increases its relevance in the crypto verse because that’s a task usually reserved for Bitcoin and Ethereum. But it’s not surprising. XRP is the third largest cryptocurrency by market capitalization, so any exchange platform worth its salt ignores XRP’s relevance at its own risk.
XRP is trading at $0.479803 as we write this, and it’s in the green zone – up by 2.38% in the last 24 hours.
Exchainpay came to life last year. Its first tweet is dated on May 1st, 2018, in which it announced its policy of charging zero trading fees. It enables users to join in ICO’s, to mine tokens using their PC’s (instead of buying specialized hardware).
While this is fantastic news for both Ripple and Exchainpay, the Indian’s government posture on cryptocurrencies remains very murky. Only a few weeks ago, it leaked that it could be seriously considering to ban digital assets altogether, except for the one that it’s supposed to be developed soon by the country’s central bank.
The platform listed AION on January 25th, and TrustToken only four days later. And now it’s Ripple. All the big boys (Bitcoin, Ethereum) are also included, of course.
On top of everything, you can earn 10% extra if you deposit and withdraw INR.
So now you know. If you were thinking about getting a piece of Ripple’s action but had not been able to find an exchange with zero fees, or that would reward you just for depositing and withdrawing, this could be just the thing for you.
We must remind you that we do not offer financial advice. If this platform looks attractive to you and you wish to invest in XRP or any other cryptocurrency, you still need to do your own research in full detail so you can make the best decision for you. Remember: trading in crypto is a lot of fun, but it’s also hazardous and volatile. Nobody should get involved unless they’re sure about what they’re doing.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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