The way we use money has changed dramatically over the last two decades. No longer are we spending only with physical cash, but with digital currency and credit cards as well. Despite all these changes, there is one thing that has remained the same: currency is still a valuable commodity.

In short, if you have money in your pocket and you want to trade it for something else of equal value then it’s best to do so before looking online whether or not the market will support your trade.

There’s no point in looking on the internet and hoping to find an exchange that’ll allow you to make a trade, because those sites are either dead, or have been permanently taken down.

Conversely, if the market is closing up in price and you want to sell your currency then it’s best to do so before looking online and risking being locked out of that exchange altogether.

The point we’re trying to make is that you should do your research before you actually trade your currency. These are the 5 ‘XRP Trading Tips To Work For A Bull Market’.

1. Look Up Exchanges

Thankfully, there are tons of online media outlets that talk about cryptocurrency trading in particular and XRP in particular.

In fact, XRP’s value skyrocketed because people finally realised that they should wait before they took part in a cryptocurrency-related trade or transaction.

In other words, if you’re going to buy XRP then you need to know that the price is going up before you buy it.

2. Look Up The Price Spreads

The price spread between two different cryptocurrencies is everything. It’s true that one of the reasons why XRP trading is so popular is because of its unique properties, but that’s not the only reason…

What matters even more than the price is what a currency’s spread is between two exchanges.

When you’re thinking about getting into cryptocurrency for the first time and/or looking at getting into trading it as a means of making money then it’s important that you understand this.

The reason being that you don’t want to get caught up in something that involves excessive volatility, where you’re buying XRP at one price only to see it fall in price again by double digits before the day is through.

3. Never Touch Your Money

There’s no better way to lose money than by putting your own money on the line.

The reason why you should never touch your money is that it can be wiped away – or confiscated.

Think about this for a second: if you’re buying XRP then you’re actually exposing yourself to risk as well. That’s why before you put your own money anywhere near an exchange, you need to make sure that the exchange has reliable customer service, and that it doesn’t get hacked.