How to Buy XRP

XRP (XRP)
$0.45992 +1.77% ↑
24h price change
$0.007989
Capitalization
$23,400,775,519
24h trading volume
$2,040,391,361
on the official website

Converter XRP to US Dollar

XRP
XRPXRP
BTCBitcoin
ETHEthereum
USDTTether
BNBBNB
USDCUSD Coin
ADACardano
DOGEDogecoin
STETHLido Staked Ether
MATICPolygon
BUSDBinance USD
SOLSolana
DOTPolkadot
LTCLitecoin
SHIBShiba Inu
TRXTRON
AVAXAvalanche
DAIDai
UNIUniswap
WBTCWrapped Bitcoin
USD
USDUS Dollar
EUREuro
RUBRussian Ruble
UAHUkrainian hryvnia
PLNPolish zloty
GBPPound sterling
JPYJapanese yen
CHFSwiss Franc
CNYChinese Yuan
TRYTurkish Lira
on the official website
Data updated 3/26/2023

    XRP is a cryptocurrency that is still in the top after the peak of popularity in 2017. The coin was created by the fintech company Ripple, which was previously called OpenCoin. XRP operates on the XRP Ledger blockchain. The main goal of the creation is to connect payment services, banks and crypto-exchanges to provide fast transactions with minimal commissions.

    How to Buy Ripple
    Ripple

    The coin is actively discussed in the crypto community, and a lot of people are thinking about its purchasing. Today we will look at the main ways to buy, sell and storage Ripple cryptocurrency.

    What is Ripple

    The Ripple cryptocurrency operates on the XRP Ledger network.

    XRPL is not a traditional blockchain, but performs similar functions: it is an economic system that provides distributed storage of information, the ability to exchange for many currency pairs, allows conduct fast transactions within the system.

    The main difference of this network from others is a special consensus algorithm Ripple Protocol Consensus Algorithm. It lies in the fact that the network is checked by many validator nodes, anyone can create their own node and choose which of validators to trust. Ripple regularly publishes a list of validators it recommends. It’s called Unique Node List (UNL). For this reason, the network does not need miners.

    Nodes from UNL exchange information about transactions until until everyone agrees on the authenticity of the data. Thus, selected nodes provide verification of transactions and confirm their validity.

    Where is the best place to buy Ripple

    You can buy XRP on different platforms: crypto exchanges, electronic payment systems and banks (such as Revolut). One of the most profitable acquisition methods is crypto exchanges.

    Top crypto exchanges are highly hack-resistant, regulated, have high liquidity and many options for buying cryptocurrency (bank transfer, direct card payment, P2P exchange, etc.) and provide the ability to buy coins for fiat money (USD, EUR, etc.)

    Instructions on buying Ripple

    In the step-by-step instructions for buying Ripple, we will look at the most profitable ways to buy Ripple.

    Decide on the level of risk

    One of the most important aspects when buying a cryptocurrency is weighing the risks. Due to the fact that the rate of coins is a subject to large fluctuations, and some cryptocurrencies are scam projects, it is important to find all the information and to decide on the purchase amount of coin. As a rule, cryptocurrency is purchased for a certain percentage of the deposit, since one of the most important investment rules is not to trade with all the money. You also need to invest as much as you can afford to lose. At a minimum, it helps to stay calm when applying trading strategies or during long-term holding.

    Choose a crypto exchange

    The next step is choosing a platform for buying cryptocurrency. Cryptocurrency exchanges are well suited for buying coins, because they have high liquidity and the best exchange rate. To find the right exchange, you need to familiarize yourself with its parameters and user reviews. We have compiled rating with the best exchanges for buying Ripple.

    Exchange
    Website
    BTC trading volume, 24h
    1
    Binance
    BTC trading volume, 24h
    13,320.26
    2
    OKX
    BTC trading volume, 24h
    1,942.62
    3
    Bitforex
    BTC trading volume, 24h
    1,493.01
    4
    KuCoin
    BTC trading volume, 24h
    1,386.27
    5
    Bybit
    BTC trading volume, 24h
    1,188.76

    Register an account

    We will consider buying crypto on Binance exchange, as example. This is a top platform, which ranks first in terms of trading volume. However, you can choose any other crypto exchange.

    Before buying crypto on the exchange, you must register an account. To create the new account on Binance, you need to:

    1. Open Binance homepage;
    2. Press the Register button in the upper right corner;
      Join Binance Exchange
      Sign up on the Binance exchange. Step 1
    3. Fill up fields with an e-mail/phone number and create a strong password → Create Account;
      Join Binance Exchange
      Sign up on the Binance exchange. Step 2
    4. Follow further instructions.
    Detailed instructions on register process can be found in the full overview of the exchange on our website.

    Top up your account

    Depending on the chosen exchange, you have an option on a more suitable way to buy cryptocurrency: replenish fiat from a card, use a trading terminal, buy it directly with an option Buy Crypto or replenish your account with another cryptocurrency buy XPR. To decide on the method, you habe to find out in which trading pairs the coin is traded and what options of buying cryptocurrency the exchange has.

    We will look at how to top up an account using Binance as example. To purchase Ripple, you need to add another cryptocurrency (for example, BUSD) or fiat (USD, EUR, etc.) to your balance. To do this:

    1. Click on Wallet in the top right corner → select Fiat and Spot;
    2. Type BUSD in the search field → Deposit;
      Top up on Binance
      Depositing on Binance
    3. Specify the network → copy the address and paste it in the cryptowallet you use or scan the qr-code → enter the amount of BUSD you are going to buy cryptocurrency by → transfer funds;
      Top up on Binance
      Depositing on Binance
    4. Binance account has been funded.

    Buy Ripple (XRP)

    Buying crypto on Binance is a simple process, just follow these steps:

    1. Click on Trade → select Spot at the top menu;
      Buy Ripple on Binance
      Buying Ripple on Binance
    2. In the upper right corner, enter XRP → select the pair XRP/BUSD → specify the order type, for example, Market → specify the amount of coin you want to buy XRP → Buy XRP;
      Buy Ripple on Binance
      Buying Ripple on Binance
    3. Buying is completed.

    How to sell Ripple

    The process of selling is not much differs from buying one. For this:

    1. Go to the spot market (Trade → Spot);
    2. Select a pair XRP/BUSD → select an order, for example, Market → write down the amount of coin you want to sell → Sell XRP;
      Selling Ripple on Binance
      Selling Ripple on Binance
    3. Selling is completed.

    Where to store XRP

    Before buying a cryptocurrency, it is important to prepare a place to store it. At the moment, there are many types of wallets, and each one has its own advantages and disadvantages. There are two main types of wallets:

    • A hot wallet is a crypto wallet that is permanently connected to the internet. These wallets function as mobile apps, desktop apps, browser extensions (wallets are also considered “hot” on exchanges). They are well suited for trading because they allow you to quickly manage crypto assets. The main disadvantage of such vaults is less protection than cold wallets have, so it is important to securely store wallet recovery passwords, enable two-factor authentication, etc.
    • A cold wallet is a crypto wallet that does not have constant access to the Internet. Connection to the network occurs only for the purpose of making a transaction. A good storage tool if you do not need to use crypto assets often.

    How to withdraw Ripple to my wallet?

    Now we will look at the XPR withdraw using Binance as example:

    1. In the upper right corner, click on Wallet → Fiat and Spot;
    2. Click on Withdraw;
      Withdraw cryptocurrency from Binance
      Withdrawing cryptocurrency from Binance
    3. Find XRP in the search field → insert your wallet address → enter the transfered amount → Withdraw;
      Withdraw cryptocurrency from Binance
      Withdrawing cryptocurrency from Binance
    4. You have successfully withdrawn your cryptocurrency.

    FAQ

    How and where can I buy Ripple?
    Due to its popularity, Ripple can be bought on many platforms: crypto exchanges, p2p-exhanges, banks like Revolut. Which service to use depends on your preference.
    When is the best time to buy Ripple?
    A better time to buy can be determined based on technical and fundamental analysis.
    Was this article helpful?
    Thanks for your opinion!
    Your opinion is important for us
    Voted: 91
    97% Yes
    No 3%
    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
    Read more
    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
    Read more