How to Buy Ripple | Buy XRP in 4 Steps (May 2023)
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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.
Due to a recent complaint by the SEC against Ripple Labs some exchanges, including Bittrex, have delisted the cryptocurrency from their platform.
Nonetheless, many popular exchanges continue to sell Ripple (XRP). We feature the 7 best exchanges to buy Ripple (XRP) with a credit card, debit card or Bitcoin (BTC).
How to Buy Ripple (XRP) in 4 Steps
The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.
- Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Ripple (XRP) cryptocurrency.
- Create an account – Verify your email address and identity.
- Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
- Buy Ripple – Use your funds to Buy XRP.
A top exchange in 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 Uphold is the credibility it has gained in the industry.
Uphold offers both 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 is very easy to navigate while providing a 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 a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.
Germany & Netherland residents are prohibited.
Read our Uphold Review or visit Uphold.
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.
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets including Ripple (XRP). For more sophisticated investors Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.
Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
Read our Kraken Review or visit Kraken.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Ripple (XRP) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Singapore, UK & internationally. Canadian residents are prohibited.
USA residents are prohibited from purchasing Ripple (XRP).
Read our Binance Review or visit Binance.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Ripple (XRP) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Read our KuCoin Review or visit KuCoin.
Founded in 2011, Bitstamp is one of the oldest & most trusted exchanges in the world and are a popular choice in the USA. The exchange now has more than 4 million users worldwide and offers a wide range of cryptocurrencies to choose from including Ripple (XRP).
A highly experienced exchange, Bitstamp provides a thorough and user-friendly trading environment that is secure and with enough choice to satisfy most traders. The global nature of the company and the trusted regulation and licensing put in place is also a positive aspect for many new or experienced users.
They currently accept Canada, UK & USA residents excluding the states of Alabama, Hawaii, Idaho, Louisiana, Nevada, & New Jersey.
Read our Bitstamp Review or visit Bitstamp.
6. Huobi Global
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Ripple (XRP) trading opportunities.
Read our Huobi Global Review or visit Huobi Global.
Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer Ripple (XRP) trading opportunities and currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.
USA residents are prohibited.
Read our WazirX review or visit WazirX
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.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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