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Ripple (XRP) is a cryptocurrency with a history of outsized returns for investors, but it should be stated that they do have a tumultuous relationship with the SEC. Please view our detailed Investing in Ripple guide to learn more about this digital asset.
Nonetheless, many popular exchanges continue to sell XRP. We feature the best exchanges to buy Ripple (XRP) with a credit card or debit card.
Uphold – A top exchange in both the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Ripple (XRP). Beyond the ease of use and innovative features within the trading platform, what stands out about the company is the credibility they have gained in the industry.
They offer a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most and it has a very easy to navigate, and modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.
Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from the company who pride themselves on the usability of their platform. They have also added the ability to execute limit orders.
USA customers can also claim a debit card that earns cashback & crypto.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Paybis operate a very well-trusted Bitcoin and cryptocurrency purchase platform where you can buy XRP and a range of other crypto using nothing more than your credit or debit card. They have been around since 2014 and have helped hundreds of thousands of people to make XRP purchases.
If you simply want to buy XRP and hold then this is one of the easiest ways to buy XRP with a credit card or debit card.
USA residents are welcome excluding the states of Hawaii & New York.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Ripple (XRP) here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.
This exchange is best for Australia, Canada, Singapore, UK & international users. USA residents are prohibited.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
Coinberry is making it easy to purchase Ripple (XRP) in Canada with no fuss and buy or sell the asset quickly through their easy to use platform. They have been around since 2017 and have a number of highly-trusted partnerships that set them up with a solid reputation for cryptocurrency. They are also registered with FINTRAC as a Money Services Business, so very trustworthy from that standpoint.
This is one of the best exchanges for Canada. No USA customers.
Launched in 2014 BitPanda quickly established a positive name and reputation for being a great place to easily buy and sell Ripple in Europe. Since that time they have built on their stellar reputation to expand rapidly to where they now offer trading in a broad range of cryptocurrencies alongside the ability to purchase precious metals and a host of other services.
In total, they offer close to 50 cryptocurrencies you can choose from. This positions them well within the sector particularly among those brokers that facilitate an instant crypto purchase. Included in this range is BEST, a native token that BitPanda themselves has launched.
This is one of the best exchanges in Europe, residents outside of this region are prohibited.
What is Ripple?
XRP is a popular, open-source, cryptocurrency, which boasts attributes such as fast settlement times and a fixed supply.
XRP is most commonly associated with Ripple Labs, as this U.S. based company controls a majority of the 100 billion XRP tokens in existence.
Due to the percentage of XRP help by Ripple Labs, a complex relationship has evolved, over time. This has resulted in much confusion when differentiating between XRP and Ripple Labs.
What does it do?
XRP is typically viewed as a ‘bridging currency’. This means it can be used as an intermediary, facilitating the exchange of currencies. It is also able to make fast and cheap international payments a reality.
How does Ripple work?
Underpinning XRP is not one of the commonly used POW of POS protocols. Rather, XRP utilizes a consensus system, comprised of anyone that desires to run an XRP node. Despite Ripple Labs controlling the majority supply of XRP, the ability for anyone to set up a node gives credence to the argument that the cryptocurrency is indeed, decentralized.
Nodes on the network are responsible for verifying the validity and time-based order of transactions taking place. Agreement between nodes on this data occurs in under 5 seconds.
Due to regulatory concerns over the status of XRP, as a security, projected growth of the cryptocurrency is difficult to pin down. While there will, no doubt, continue to be development of services utilizing XRP, growth be kept in check while its status remains in limbo.
If determined a security, the road ahead will be tough for XRP. If cleared of this designation, and adoption of the cryptocurrency is seen among world banks, XRP looks to have a bright future.
Un-phased by the uncertainty of classification, Ripple has indicated and shown a propensity for continued development of their platform, and product adoption.
To date, it appears as though the ideologies which drive Ripple labs are not to overthrow traditional banking systems, but to help them evolve.
To help them evolve, Ripple Labs has been working hand-in-hand with banks, for years now; essentially counting on the transition of banks, rather than the complete replacement of our current system.
Acceptance and Controversies?
Ripple has done well to achieve modest adoption of XRP, in recent years. Various banks, and forward thinking companies, have run programs trialing the usage of this cryptocurrency.
Alongside this acceptance, there are two main controversies which have continued to plague XRP over the years.
- Manipulation – While this has not been proven to be the case, there are many that believe Ripple Labs manipulates the supply of XRP available to the public, in an effort to suit their own needs.
- Clientele – Many proponents in the world of cryptocurrencies are in it to build a world not reliant upon traditional banks. Ripple Labs, however, has gone down a path that would see them serve the very institutions that Bitcoin was built to circumvent. While many are not swayed by this argument, there are those that do not support Ripple Labs and XRP, simply based upon their goals.
Ripple Labs and XRP find themselves in a state of disarray, with regards to regulation. While they remain steadfast in their belief that XRP is not a security, there are those that believe otherwise. This has resulted in on-going lawsuits arguing this point.
To date, there is no definitive answer on the classification of XRP.