Ripio Review

Latin America's crypto scene is booming, and Ripio claims to position itself as a key player in the region. After both using the platform myself and carefully reviewing user Ripio reviews, I evidently formed some strong impressions about Ripio. It offers a user-friendly interface, robust security measures, and local payment support, making it a solid choice for beginners and casual traders.

But how does it compare to global giants like Binance, Kraken, and Bybit, which not only operate in Latin America but also have a broader international reach and more trading options? Well, let's take a deep dive into this Ripio review and see if the platform truly lives up to the hype and matches your needs.

Ripio Review: Quick Overview

To help you evaluate Ripio, I've compiled a comprehensive overview of its key features, fees, security measures, and more. With this overview, you can quickly assess if the exchange aligns with your trading needs before digging deeper into the detailed Ripio review below.

Table: Overview of Ripio features

Now that you've reviewed the key details, are you ready to learn more about using this exchange? I’ll show you the pros and cons of this platform and in-depth guides on account creation, deposits, and trading in this Ripio review. If you're still exploring your options, check out my comparisons of Ripio to other leading cryptocurrency exchanges further down below!

Who’s Ripio For?

Initially focused on the Latin American market, Ripio has expanded its services to countries including the US and Spain. The platform offers a range of services, such as spot trading for over 35 cryptocurrencies, a digital wallet, and a Visa Crypto Card. Additionally, it develops its own blockchain called LaChain and offers B2B services such as tokenization.

Taking all of these into account, I think Ripio is suitable for:

• Individuals in Latin America. Its focus on the Latin American market means it offers localized services that cater to the specific needs of users in this region, including local payment methods and Spanish language support.
• Enterprises or institutional traders. Ripio caters to high-net-worth individuals and institutional clients through its over-the-counter (OTC) desk, offering deep liquidity and personalized assistance. It also provides Crypto as a Service and tokenization, suitable for financial institutions seeking to provide crypto services.
• Crypto newcomers or users prioritizing ease of use. Compared to other global platforms offering professional tools, Ripio stands out with easy-to-use features and interface.

In conclusion, this exchange offers a compelling option for a wide range of users, from those just beginning their crypto journey to established institutions. However, Ripio's feature set isn't universally ideal. For those seeking access to a broader range of altcoins or trading strategies, the exchange's current offerings might fall short, and you may need to explore alternative platforms.

📚 Read More: Best Cryptocurrency Exchanges

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Ripio Alternatives

While Ripio offers a solid entry point, especially for Latin American users, its features may not meet everyone's needs. Traders seeking advanced tools, a wider selection of cryptocurrencies, or specific functionalities should consider exploring alternatives. The following platforms are a good starting point:

• Bybit. A derivatives-focused exchange offering leveraged trading, futures, and spot markets with advanced trading tools for professionals.
• Binance. One of the world's largest cryptocurrency exchanges, providing a wide range of trading options, staking, and DeFi services for all levels of traders.
• Kraken. A secure and regulation-compliant exchange known for its fiat on-ramps, futures trading, and advanced security features, catering to both beginners and institutions.

	KRAKEN	BINANCE	BYBIT
Overall Score	9.8	8.1	8.0
Best For	Beginners	Advanced Users & Beginners	More Advanced Users
Operating Countries	United States, Germany, United Kingdom, France, Canada, + 190 more	Turkey, Argentina, Vietnam, Ukraine, + 180 more	South Korea, United Kingdom, Ukraine, Turkey, +160 more
Latest Coupons	Visit Site All Kraken Coupons	See All Coupons of Best Exchanges	See All Coupons of Best Exchanges
Verdict	One of the best crypto exchanges, especially in the US.	One of the leading crypto exchange platforms in the industry.	A popular crypto derivatives exchange with some super-low trading fees.
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Comparison of Bybit, Binance, and Kraken

These three platforms represent just a fraction of the available cryptocurrency exchanges, but they highlight the diverse options available to traders. Ultimately, the "best" exchange depends on individual needs and priorities, and comparing these alternatives alongside Ripio allows users to make informed decisions about where to engage with the cryptocurrency market.

📚 Learn More: How to Choose a Crypto Exchange for Beginners

Advantages

When choosing a crypto platform, it's important to consider the ease of use, features, and security. In my opinion, Ripio seems to check many of the boxes. But how well does it really deliver? Well, here are key aspects of what makes this exchange a noteworthy choice.

• Sleek design;
• Innovative products;
• B2B services;
• Strong security measures.

"Simple" and "clear" are terms frequently mentioned in positive user Ripio reviews. After the update, the platform has a sleek and modern design. The interface uses a clean layout with well-organized sections, as well as smooth gradients and vibrant colors that give the Ripio exchange app a polished and appealing look. Icons and buttons are neatly arranged, ensuring quick access to key functions like deposits, conversions, and transfers.

I also noticed that Ripio has some unique products compared to some other local-born exchanges. For example, it has a Visa Crypto Card that lets users make payments anywhere in the world with 2% cashback on crypto. Additionally, it has its own blockchain network named LaChain, helping businesses and developers in Latin America use the technology more easily and affordably.

Yes, you’ve read it right. Ripio has services specifically for businesses besides its offerings for individual users. It has over-the-counter (OTC) trading, crypto as a service, and tokenization. These services enable Ripio to be a versatile partner for enterprises that want to integrate cryptocurrency into their operations, whether facilitating large-volume trades, accepting crypto payments, or using blockchain technology for asset management.

Above all the offerings, one thing remains important: is the Ripio exchange app safe? Well, I think it has provided its best by following security standards, such as two-factor authentication (2FA) and storing 95% of the assets in cold storage. Also, it provides a Proof of Reserves (PoR) system, allowing users to verify the existence of their funds in real-time.

Limitations

While the Ripio exchange offers several advantages, potential users should have a complete understanding of the platform – acknowledging the pros and cons. Therefore, let’s now explore some key aspects of the exchange that require careful consideration before using it:

• Technical issues;
• Inconsistent language interface;
• Geographical restrictions.

I saw many user Ripio reviews have highlighted technical issues with Ripio’s platform. Some struggle with login errors that prevent them from accessing their accounts, while others experience verification problems, facing delays or failed attempts when trying to confirm their identity. Several users also complain about the mobile app not loading properly, making it difficult to trade or manage funds efficiently.

Another noticeable issue with Ripio's platform is the inconsistency in its language interface, particularly on the website. Some sections are displayed in Spanish, while others appear in English, even when the information is on the same page. The difference can make navigation and understanding certain features confusing for users who expect a uniform language experience.

In addition to the technical issues and inconsistent language interface, it's important to note that Ripio currently operates in only eight countries: Argentina, Brazil, Mexico, Colombia, Chile, Uruguay, the USA, and Spain. Consequently, users in other countries may find it difficult or impossible to access the platform's features.

Fees and Limits

Ripio emphasizes competitive fees, but when I took a closer look, I found that some of their charges are higher compared to certain other platforms, especially at the starting point. Below is a detailed breakdown of the exchange's fees and limits for various transactions, allowing you to assess their cost-effectiveness for your specific trading needs.

Table: The fee structure on Ripio

In the fee table, I've provided a snapshot of Ripio fees. However, understanding the full picture requires a deeper look. Here are some points you should note:

• Tiered fee strucuture. Ripio, like many other cryptocurrency exchanges, employs a tiered fee structure (a level system of 1-8 tied to your 30-day trading volume). The higher your volume is, the lower your fees are.
• Available (but limited) USD transactions. Previously, USD transactions were limited. But the good news is that Ripio has recently expanded its USD capabilities, now supporting balance deposits through PayPal and wire transfers. After a long period of restriction, this functionality is finally available, which hopefully opens the exchange up to a wider range of users.
• Progressive fees. Note that the fee structure is changing to a progressive model, meaning the fees can be dynamic according to several factors such as your trading volume. Consider checking the updated fee structure on your profile or contact the customer support agent to make sure your analysis is accurate and up-to-date.

Overall, I think this exchange demonstrates a commitment to transparency by providing a clear and accessible fee schedule within the user's account and at the point of transaction. Still, it's crucial to consult this information regularly, especially given the progressive fee model.

Security

One aspect worth mentioning in this Ripio review is that this exchange seems to take security seriously. First, the Ripio team stores 95% of deposits offline in cold storage, distributing assets across multiple secure locations to mitigate risks from hacks or breaches.

The offline storage method ensures funds remain protected from cyber threats^[1] while maintaining high-security standards. Beyond cold storage, Ripio incorporates multiple layers of security, including:

• SSL encryption to protect users while transacting on the platform.
• Cloudflare DDoS Protection to safeguard the website and users from online threats.
• Encrypted sensitive data, ensuring all personal and financial information remains secure.

Ripio also provides a Proof of Reserves system, allowing users to verify the existence of their funds in real-time. By using blockchain explorers, users can check the liquidity and custody of their assets. The platform maintains full transparency by offering wallet addresses that display the percentage of liquidity for each asset.

Additionally, the Ripio team states that the exchange has been verified by three of the "Big Four" accounting firms: EY, PwC, and KPMG. This verification suggests that the exchange has undergone financial audits or assessments by these firms, reinforcing its credibility.

For users concerned about data privacy, Ripio displays the logo of the Asociación Argentina de Protección de Datos Personales (AAIP), indicating compliance with Argentina’s data protection regulations. Additionally, Norton Rose Fulbright's verification highlights the company’s adherence to legal standards and regulatory frameworks.

To prevent unauthorized access, all Ripio accounts come with two-factor authentication and biometric authentication if you use the app. These extra layers of security help protect users from password theft, phishing attempts, and other cyber risks, significantly reducing the chances of their accounts being compromised.

Customer Support

When analyzing user Ripio reviews on many platforms, I saw that one of the frequently mentioned praises was about customer support. Ripio offers multiple ways for users to get assistance, including a chatbot, live chat, email, phone support, and a help center. Whether you need quick answers or more in-depth support, the platform provides various channels to address customer inquiries.

When reaching out via live chat, users first interact with a chatbot that provides quick responses to common questions. If the bot is unable to resolve the issue, it prompts users to provide their contact information and a brief message. A customer support agent then follows up within 48 business hours.

To streamline assistance, users can select a category that best fits their inquiry, such as account setup, login issues, and more. Additionally, users can attach files in the live chat to provide more details about their issues.

Besides live chat, Ripio provides “traditional” customer support options. Users can contact support via email, available Monday to Friday from 7 AM to 10 PM and on weekends from 9 AM to 6 PM. For phone support, customers can call between 8 AM and 8 PM on weekdays. For those who prefer self-service, Ripio offers a help center where users can find guides, FAQs, and additional resources.

Trading Tools

Ripio offers its users two main trading tools designed to cater to a range of experience levels, from beginners to high-volume traders: Ripio Trade and Ripio Select.

The Ripio crypto exchange provides a simple trading platform with access to over 35 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Whether you're a beginner or an experienced trader, the platform offers a variety of order types to help optimize your trading strategy.

Still, these options may be lacking for professional traders who find themselves missing features like margin trading, futures contracts, or sophisticated charting tools commonly found on several platforms such as Bybit or Kraken Pro.

For high-volume traders and institutional clients, Ripio Select offers a premium service tailored to those seeking deep liquidity and competitive pricing. Available to both individuals and businesses, Ripio Select provides access to trading in Argentine pesos (ARS) and US dollars (USD), supporting a range of cryptocurrencies, including BTC, ETH, and USDT.

To qualify for Ripio Select, users must meet two key requirements:

• A minimum transaction amount of $5,000 USD (or its equivalent in local currency).
• Valid and approved supporting documentation as part of the account registration process.

While Ripio Select is open to both individuals and companies, some jurisdictions may be excluded from participation. However, for those who qualify, the service provides an efficient and professional trading experience designed for serious traders.

Staking and Other Financial Products

Ripio Earn simplifies earning passive income on your cryptocurrency holdings through decentralized finance (DeFi). Even without prior DeFi experience, you can easily start generating returns in just a few clicks. A key advantage is the flexibility it offers: you retain control over your assets and can withdraw funds at any time.

You can also choose from various cryptocurrencies, including USDC and ETH, and then select a protocol like Paxos or AAVE to connect with. You're free to diversify your holdings across multiple protocols to manage risk and optimize returns. To help you compare options, the platform displays real-time returns based on the variable annual percentage yield (APY) offered by each protocol.

While often overlooked in user Ripio reviews, you should know a daily service cost applied to deposits into DeFi protocols. This fee varies depending on the chosen cryptocurrency and DeFi protocol (e.g., 0.00074% for ETH on AAVE and 0.00001% for Compound). It aims to maintain Ripio's simplified access to Web3 and ensure the service's sustainability.

Besides the earning option, Ripio offers several features for any individual to explore:

• Ripio Wallet
• Ripio Card

Ripio Wallet simplifies cryptocurrency access with intuitive tools for key transactions. Buying and selling crypto is effortless through its catalog feature while sending and receiving funds is seamless via QR codes or wallet addresses.

On the other hand, Ripio Card allows users to make purchases using their crypto balance directly from their Ripio Wallet, offering a seamless way to spend digital assets in everyday transactions. With no fees, maintenance costs, or commissions, it provides a cost-effective solution for crypto enthusiasts looking to integrate digital currencies into their daily spending.

As a prepaid card, the Ripio Card instantly deducts the payment amount from the available balance in the selected currency—whether it's UXD, BTC, ETH, or pesos. Additionally, users can enjoy cashback rewards in UXD, Bitcoin, or Ethereum, making it an attractive option for those who want to maximize their crypto holdings while spending.

📚 Read More: Best Crypto Debit and Credit Cards

User Experience

Based on my experience and positive user Ripio reviews, the app’s latest update has evolved into a more intuitive platform, making it easier for users to navigate and trade. The interface now features interactive graphs, providing a clear visual representation of market trends to help traders analyze price movements.

Besides the app, Ripio’s website is generally user-friendly. It’s available in both Spanish and English, allowing a broader audience to access its services. However, there are still some inconsistencies in the English version, as certain sections continue to display information in Spanish. This can be a minor inconvenience.

Still, a bigger challenge arises when users click the sign-up button or visit the help center, as these sections are available only in Spanish. The dashboard is also in Spanish. For non-Spanish speakers, this could make the onboarding process and troubleshooting less accessible.

Nonetheless, one feature I personally appreciate is Ripio’s accessibility settings within the chat, which allow users to adjust the font size to 100%, 150%, or 200% and change the interface into a dark mode. These small elements but significant details enhance readability and inclusivity, making the platform more accommodating for users with different visual needs.

Localization and Regional Adaptability

Like some other locally focused exchanges, Ripio excels in localization and regional adaptability, making it a strong choice for users in Spanish-speaking markets. In fact, its goal is to be “one of the leading blockchain companies in Latin America”.

First of all, it supports transactions with Pesos as well as bank transfers and Mercado Pago, two widely used payment methods in Argentina and other Latin American countries.

Ripio’s platform is also fully available in Spanish, with a localized interface, customer support, and educational resources tailored to Spanish-speaking users. Additionally, it ensures compliance with local regulations, including the Asociación Argentina de Protección de Datos Personales (AAIP), reinforcing its commitment to security and regulatory standards.

How to Use Ripio

By this point of my Ripio review, you're already familiar with Ripio's strengths and weaknesses. Now, let's walk through the practical steps of using the platform. I’ll cover how to create an account, deposit funds, and buy cryptocurrency.

How to Create a Ripio Account

Do you want to start buying, selling, and managing your cryptocurrency? Creating a Ripio account is your first step. In this guide, I provide a clear walkthrough of the account creation process:

Step 1: Go to the Ripio website and click [Register] if you access the English version or [Registrate] in the Spanish version.

Step 2: Choose your country of residence in the “País de residencia” field. You can choose: Argentina, Brazil, Chile, Colombia, Mexico, Uruguay. Carefully review the terms and conditions and privacy policies for both Moonbird and Digipayments. If you agree, check the corresponding boxes to confirm your legal age, acceptance of the policies, and consent to international data transfer. Then, click [Continuar].

Step 3: Choose an account type: personal or enterprise. In this Ripio review, I chose personal (Creá una cuenta personal). Next, click [Continuar].

Step 4: Enter your email address and create a password with at least one capital letter, one number, and a minimum of 8 characters. Then, hit the [Registrarme] button.

Step 5: Confirm your email with the link sent to your inbox. If you don't see it in your inbox, check the spam folder.

Congratulations, you have successfully created a Ripio account. To enable deposits and trading, you'll need to complete the KYC verification process by providing your ID document and a selfie.

How to Deposit on Ripio

After creating a Ripio account, you're ready to start buying and selling crypto. First, you need to deposit some funds by following these steps:

Step 1: Log in to your account and click the [Depositar] button on the Panel menu.

Step 2: To select your deposit asset, click [Seleccionar]. A pop-up window should slide in from the right, displaying available local currencies and cryptocurrencies you want to deposit. For this Ripio review, I chose Pesos.

Step 3: Select a payment method: Ripio Tag, bank transfer, or Mercado Pago. Here, I pick the bank transfer option for its zero fee.

Step 4: Pick a deposit currency (currency you want to be credited to your account when you deposit pesos). If you choose “bank transfer”, you can keep it as Pesos or turn it to BTC, ETH, or UXD.

Step 5: Ripio provides the bank account details needed for your deposit. Copy these details into your banking app or follow the instructions for your chosen payment method.

That’s it! Your balance should be updated once the deposit is complete.

How to Buy Crypto on Ripio

It’s possible to buy crypto on Ripio via the website, mobile app, or Ripio Wallet. In this article, I’ll show you how to do it on the mobile app:

Step 1: Log in to your account and select [Compar] at the top of the homepage.

Step 2: Select the crypto you want to buy by clicking the crypto icon on the top of the page. After that, enter the amount you want to buy and hit the [Continuar] button to proceed.

You should see a confirmation page indicating your order's status. From there, you can view details or make another order.

Comparison to Other Popular Exchanges

Note that sometimes, choosing a cryptocurrency exchange isn’t as simple as saying "X is the cheapest!" or “Y has the most variety of cryptocurrencies” because trading volume matters, your overall experience when using the platforms is also important.

So, in this part of my Ripio review, let's compare the exchange to some leading options: Binance, Bybit, and Kraken, looking beyond just fees and coin selection to get a holistic view.

Ripio VS Binance

Binance is a global cryptocurrency exchange giant known for its extensive selection of cryptocurrencies, advanced trading features, and a wide range of services, including margin trading, futures, and options. Users can also access trading bots for automation or Binance P2P trading for more direct transactions.

Compared to Ripio, Binance offers a significantly larger variety of cryptocurrencies (with more than 350 options) and more sophisticated trading tools. Moreover, Binance's support for ARS simplifies trading for Argentinian users, eliminating currency conversion fees on deposits and withdrawals.

Talking about fees, when you compare Ripio VS Binance, the latter has a more complex fee structure that includes spot trading fees, margin trading fees, and more. Binance's standard spot trading fee is 0.1% for both makers and takers, but it can be reduced based on trading volume and BNB holdings. They also have lower fees for specific cryptocurrencies like USDC.

Notably, Binance's spot trading fees are generally lower than Ripio fees, although the latter's free crypto-to-crypto conversions and low bank transfer fees (mostly) are important factors to consider.

📚 Read More: Binance Review

Ripio VS Bybit

Bybit distinguishes itself as a derivatives-focused exchange specializing in leveraged trading, futures contracts, and perpetual swaps. The focus contrasts sharply with Ripio's emphasis on simpler spot trading for a select group of cryptocurrencies.

Therefore, I think Bybit caters to experienced traders interested in advanced trading instruments, while Ripio prioritizes ease of use and accessibility for a broader audience, including beginners.

If you take fees into account when comparing these platforms, Ripio and Bybit both utilize a tiered maker/taker model. However, Bybit's fees are generally lower than Ripio's at most comparable trading volume levels. It divides the levels into VIP and Pro levels, with the lowest tier starting at 0.20% maker / 0.15% taker and going down to 0.045% maker / 0.030% taker at the highest level.

📚 Learn More: Bybit Review

Ripio VS Kraken

Kraken is another well-established cryptocurrency exchange known for its security and regulatory compliance. It offers a range of trading features, including margin trading and futures (Kraken Pro). Like Binance and Bybit, Kraken offers a broader selection of cryptocurrencies than Ripio (more than 200 options).

Its similarity with Ripio is that Kraken has a simplified interface suitable for beginners. The interface is sleek and intuitive, so there's no need to get confused when registering, performing KYC verification, or even withdrawing your funds.

Kraken's fee structure is tiered and can be competitive, especially at higher trading volumes. The fees range from 0.25% maker / 0.40% taker at the lowest level to 0.00% maker / 0.10% taker at the highest, with more granular levels than Ripio.

📚 Further Reading: Kraken Review

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

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Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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Conclusions: Is Ripio Right for You?

Ripio presents a compelling option for cryptocurrency users, particularly those in Latin America, but as you've learned from this Ripio review, the platform isn't a one-size-fits-all solution. Its user-friendly interface and the platform's support for local currencies and payment methods make it especially accessible to beginners or casual traders in the region.

However, Ripio's limitations should also be considered. For example, the relatively limited selection of cryptocurrencies compared to larger exchanges like Binance, Kraken, and Bybit might be a drawback for users seeking exposure to a wider range of digital assets. Similarly, the trading fees, while competitive, are not the lowest in the market. Active traders might find better rates on other platforms.

Ultimately, whether Ripio is the right fit depends on your individual needs and priorities. If you're a beginner in Latin America seeking a simple and accessible platform, Ripio can be a strong contender.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Weichbroth P., Wereszko K., Anacka H., Kowal J.: 'Security of Cryptocurrencies: A View on the State-of-the-Art Research and Current Developments';

2. Sabillon R., Higuera J.R.B., Cano J., Higuera J.B., Montalvo, J.A.S.: 'Assessing the Effectiveness of Cyber Domain Controls When Conducting Cybersecurity Audits: Insights from Higher Education Institutions in Canada'.