A Stop Loss Order is a type of order where you can set the amount of xrp (ripple) you would like to sell at a desired price BELOW the current market price.
CoinSpot is Australia's largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell XRP (Ripple) no matter what your trading experience is. Unlike other international and Australian XRP (Ripple) exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.
CoinSpot provides layered security and advanced support systems so you can buy XRP (Ripple) with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade XRP (Ripple) how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.
Storing on CoinSpot
Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your XRP (Ripple) for free.
If you are holding XRP (Ripple) as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.
XRP is the native token and has the ticker symbol for the XRP Ledger
XRP Ledger is the only distributed consensus ledger
Ripple is the company behind Ripple Network
Ripple Network is a worldwide network payment built on the XRP Ledger