Ripio Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile Apps
- Ripio Portal
- Ripio Trade (Exchange)
- Only active trading, commission discount for exchange token holders
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile Apps
- Ripio Portal
- Ripio Trade (Exchange)
- Only active trading, commission discount for exchange token holders
Our Evaluation of Ripio
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Ripio is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ripio clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Ripio is a cryptocurrency exchange with average commissions and fees intended for traders from Latin America. It allows traders to buy, sell, and trade the most popular digital assets. Investment programs on Ripio are not available, so the exchange is suitable exclusively for active participants in the cryptocurrency market.
Brief Look at Ripio
Ripio is an Argentinian exchange that allows users to buy cryptocurrencies with fiat money and then exchange them for other digital coins. Client funds are held in the Ripio Portal virtual wallet, which works through the Google Chrome extension or mobile apps. The Ripio Trade interface was created to facilitate cryptocurrency trading. The exchange also has a tool for sending digital money instantly and for free between Ripio user wallets. To transfer assets, special tags created in the user profile are used. The exchange’s service token is known as Ripio Coin (RPC).
- the minimum deposit for buying cryptocurrencies on the exchange isARS 100 (USD ≈0.7);
- there are payment methods that do not charge fees for deposit and withdrawal.
- all major cryptocurrencies are available on the exchange, including Bitcoin, Ethereum, Litecoin, and Tether;
- clients can earn extra money on the referral program;
- easy account registration;
- the exchange charges average commissions for the purchase, sale, and exchange of cryptocurrencies;
- free RPC tokens are awarded for completing tasks in your user account.
- because the exchange does not provide leverage, traders can only buy assets with their own money;
- to increase the standard trading limits, you are requiredto provide tax reports confirming the source of your income;
- Fiat money can only be credited
TU Expert Advice
Financial expert and analyst at Traders Union
RPC, the exchange’s service token can be used to reduce the trading fees. Exchange users are awarded coins for performing various actions in their user accounts and bringing active referrals. Fiat money can be credited to the wallet on Ripio via a bank transfer and the Mercado Pago platform. You can also deposit cash at the Rapipago or PagoFacil offices.
Fund transfers are only available in Argentine pesos; U.S. dollars and euros are not accepted. It is not possible to make cash bank transfers from ATMs to the Ripio account. Transfer processing can take up to 48 hours. The standard 2FA encryption method is used to protect the account: a new security code is generated each time you log in. If a mobile app is used, the user can set a PIN code.
There are trading limits: no more than 5 (buy/sell) and no more than 10 (spot trading) trades per day are available. The annual limit for buying cryptocurrencies is 1,000,000 ARS, selling - 1,500,000 ARS, and exchanging - 50,000 USDC. To increase the limits, you need to submit a request with the provision of documents confirming the source of funds.
Ripio Summary
| 💻 Trading platform: | To buy and sell:: Ripio Portal (extension for Google Chrome and Brave) and mobile appsFor spot trading: Ripio Trade (Exchange) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | ARS |
| 💵 Replenishment / Withdrawal: | Bank transfer, Mercado Pago, cash via Rapipago or Pagofacil |
| 🚀 Minimum deposit: | ARS 100 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Buying of cryptocurrency — ARS 1,400, selling - ARS 1,414, swapping — 25 USDC |
| 💱 Commission: | 1% |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit, Market, Stop |
| ⭐ Trading features: | Only active trading, commission discount for exchange token holders |
| 🎁 Contests and bonuses: | Free RPC coins for performing actions in the user account |
The minimum deposit on the Ripio exchange by any method is ARS 100. Withdrawal in cash or via MercadoPago — at least ARS 1,000, via a bank transfer — at least ARS 1.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $10 (for a $1,000 trade) | There is a fee for cash withdrawal via PagoFacil and Rapipago |
To find out whether Ripio commissions are competitive, TU analysts compared them with the commissions of well-known international crypto exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$10 | |
|
$6 | |
|
$0.1 |
Investment Options
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Ripio exchange is intended for active cryptocurrency market traders. Investment offers are not available, so all users of the exchange must trade independently to profit. Passive income is only available to those who have brought new clients to the exchange.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Ripio’s Affiliate Program
Ripio offers its clients a referral program. The Ripio client receives 300 RPC for each connected referral that meets certain conditions.
These conditions are verification, as well as the purchase or sale of cryptocurrencies for at least 1400 ARS within 60 days of user account registration.
User Satisfaction