Sell XRP in Singapore (XRP)
How to sell XRP in Singapore
Register, deposit and sell in 5 minutes
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1. Create account
Securely register your personal, or business account and verify your identity.
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2. Deposit
Instantly deposit XRP and other crypto assets 24/7.
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3. Sell XRP (XRP)
Place a market or limit sell order. Alternatively, use our OTC desk for high-value trades.
There are multiple ways to sell
Market sell
Limit sell
OTC sell
Auto & API sell
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Access the cryptocurrency market 24/7. Instant SGD deposits with PayNow or FAST, and instant SGD withdrawals using FAST.
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Low fees
Trading fees start at 0.5% and go down to 0.02%. Low fees apply to instant, crypto and SWIFT withdrawals.
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Multi-currency trading
Buy and sell XRP and other popular cryptocurrencies with SGD or USD.
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We maintain a full 1:1 reserve of all client fiat and digital assets.
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Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
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We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal, you can.
We keep your assets safe. That is our promise.
Single purpose asset utilisation
We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt). Your assets are used solely for the purpose of enabling you to transact on our platform.
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What is XRP?
XRP is the native cryptocurrency of the XRP Ledger. It is widely known for its use in international transfer and exchange. Unlike most cryptocurrencies, XRP was created with a hundred billion tokens that were distributed to the public periodically. A large portion of XRP tokens is owned by Ripple Labs, which gives the company a controlling interest in the network. This is intended to foster the project’s growth and ensure the cryptocurrency is successful over time. Another portion is held in reserve to be released into the market through sales.
Is Ripple XRP?
XRP is often referred to as Ripple, but XRP and Ripple are completely different. The connection between the two makes it easy to use them interchangeably and has caused confusion. To put it simply, XRP is a decentralised cryptocurrency. Ripple, however, refers to the for-profit company that develops software for fast global financial settlements. Ripple utilises XRP and the XRP Ledger (“XRPL”) to facilitate fast and cost-efficient cross-border payments.
Ripple doesn’t own XRP or XRPL. The company is merely a contributor to the network, with the same rights as other contributors. XRP and XRPL are developed and maintained by an independent entity called the XRP Ledger Foundation.
XRP Validators
XRP runs on the XRP Ledger that uses a consensus mechanism with trust-based validation. It is a system that verifies transactions by comparing the information they receive from the previous ledger. Then, a majority of validators need to accept transactions are valid and agree on their order at the same time.
This group of validators is listed on Unique Node Lists (UNLs) with over 150 unique participants. The UNLs are currently being provided and maintained by three publishers – Ripple, the XRP Ledger Foundation, and Coil. These chosen validators are expected to behave honestly and are unlikely to collude to break the rules. Network participants can select which validators they deem reliable, even if they aren’t recommended by the publishers.
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