How to Exchange Ripple to Cardano at the Best Price?
One may wonder why exchanging Ripple to Cardano is a thing. However, the Cardano Ripple debate has been raging for years, although Ripple’s ongoing lawsuit might play a huge role in the ADA vs XRP battle. The Securities and Exchange Commission (SEC) lawsuit has XRP prices on the retreat. Nevertheless, XRP is resilient and is still holding on to some of its gains despite the escalating tiff with the SEC.
The lawsuit’s back and forth has caused a lot of uncertainty. As Ripple Labs awaits the SEC’s decision some investors are looking to convert Ripple to Cardano, the newest darling of institutional investors.
What is Cardano (ADA)?
Cardano (ADA) is not your ordinary mill of the run blockchain project. It is one of the most peer reviewed projects in the blockchain space. Cardano has a proof of stake (PoS) consensus algorithm making it more energy efficient than Bitcoin’s proof of work consensus blockchain.
It also has faster transaction speeds than Ethereum, running millions of transactions each second. Cardano’s development starts off with Charles Hoskinson, who was part of the Ethereum network’s founding team. His support team includes Cardano’s chairperson Nathan Kaiser, a lawyer with International Trade experience.
Frederik Gregaard, Cardano’s CTO has banking, asset and wealth management experience and is a cryptocurrency management expert. The Cardano team has industry veterans that have streamlined its Ouroboros Protocol, making Cardano as secure as Bitcoin is, without the energy intensive proof-of-work complex equations solving. Ouroboros is peer reviewed and has proven to be a sustainable blockchain security and decentralization protocol.
Cardano vs. Ripple
There are many reasons why a savvy trader would currently go for Cardano in the ADA vs XRP comparison. Cardano does not have any lawsuits or centralization controversies pulling down its growth. ADA is rising and may continue doing that as it now has a $6 billion fortune to fund its development teams.
Cardano is also launching its smart contract functionality, Goguen. Goguen could draw in more NFT and dApp developers to Cardano, since the Ethereum network scalability problem is adversely affecting development. On Cardano, transactions cost pennies and are fast enough to take over NFT dominance from Ethereum.
But as ADA shines, Ripple is currently drowning in controversies. Ripple Labs CTO David Schwartz says that all evidence suggests that XRP and BTC are birds of the same feather. The SEC has however maintained its position that XRP is a security.
The regulator accuses Ripple Labs of selling $1.38 billion in unregistered securities. The high stakes lawsuit has not been easy on XRP, and has slowed down its price rise. Following the lawsuit some exchanges even delisted XRP. MoneyGram, one of Ripple Labs largest partnerships, also put on hold its partnerships with Ripple Labs.
Why should I convert Ripple to Cardano?
Make your Ripple vs. Cardano judgement, by studying the project’s fundamentals. Cardano’s rise looks very much like that of Ethereum, because it is a technological leader. Cardano is scalable enough to run the entire decentralized finance system, changing traditional banking as we know it. Though, without supporting dApps, Cardano may only have a second mover advantage because Ethereum is the home of the dApp movement now.
How to exchange XRP to ADA?
Get all the data that you need to exchange Ripple to Cardano within one easy-to-use interface. Crypto exchange aggregators such as Swapzone are immune to rules and regulations since they work as informational services. You do not need to visit a lot of crypto exchanges manually looking for the best offers.
To convert XRP to Cardano at the best price just follow the below-mentioned steps:
- Visit Swapzone.io to swap Ripple to Cardano.
- Choose XRP in the Send section.
- Specify the total amount of XRP you are going to exchange to ADA.
- Select ADA in the Get Up To section.
- Go through the best fixed and floating rate exchange offers listed on the page. The best XRP to ADA deal will be placed at the top. You will also see the amount of time it will take to complete the exchange.
- Choose the offer you wish to proceed with and then enter the wallet to receive ADA.
- Copy the generated XRP address and send your XRP deposit.
- The exchange service will take a few minutes to process the deposit and the exchange.
- Rate your experience with your exchange partner to provide Swapzone’s future users with more information on the services.
If you’re more of a visual learner, see how to exchange BTC to ADA. We know it’s not XRP but you get the gist: