Ripple China Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Ripple China consists of four parts: general information, fees, deposit methods and security.
PLEASE NOTE THAT THIS CRYPTOCURRENCY EXCHANGE IS BEING DISSOLVED AND DOES NOT ACCEPT ANY NEW INVESTORS. EXISTING INVESTORS ARE RECOMMENDED TO EXIT ALL THEIR POSITIONS AND WITHDRAW AVAILABLE FUNDS. THIS IS THEIR MESSAGE ANNOUNCED ON THEIR WEBSITE:
TO FIND ANOTHER EXCHANGE THAT CORRESPONDS TO YOUR REQUIREMENTS, PLEASE USE THE EXCHANGE FINDER.
Ripple China is a Chinese cryptocurrency exchange. It has only one trading pair, being Ripple/Chinese Yuan (CNY). One of many other exchanges from China that you might be interested in if this exchange is not to your liking is BTCTrade.im.
As no other fiat currency than CNY is permitted, and no other cryptos than Ripple can be traded here, the exchange is not really available to US-investors. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does but with a bigger selection of traded cryptocurrencies and accepted fiat currencies. Use our Exchange Finder to find out which alternatives you have.
Ripple China Fees
We have not been able to find any information on Ripple China’s trading fees or withdrawal fees. This is potentially a risk for you as an investor. Whenever an exchange does not inform of the fees in a clear and precise way, we believe that there is a higher risk that the fees are unusually high. Accordingly, we strongly urge you to make your own analysis of the trading fees and withdrawal fees at Ripple China before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.
At Ripple China, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. However, as mentioned above, you can only deposit one fiat currency – the CNY. So if you’re not stacked up on CNY, the deposit methods offered here are very limiting.
Ripple China Security
Ripple China’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: