There are many other exchanges which also provide access to XRP as well. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines, and electronic debits, among other methods. One has to feel comfortable using specific platforms, thus making a well-informed decision is crucial. Bitcoin Exchange Definition A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. Get Technical with XRP. Savings Accounts. Once the account is active, log in and follow further instructions to secure and verify the account.