Home Community Insights How to Buy XRP (Ripple) – Beginner’s Guide

How to Buy XRP (Ripple) – Beginner’s Guide

How to Buy XRP (Ripple) – Beginner’s Guide

Are you interested in buying Ripple XRP, but not too sure where to begin? You’re not alone. This digital coin is a hugely popular cryptocurrency to buy, the world over. But, for beginners, this can be quite intimidating.

XRP is the native digital currency of the Ripple blockchain – which allows banks to transfer funds on a cross-border basis in a low-cost and fast manner.

If you’re wondering how to buy XRP today for your cryptocurrency portfolio – this guide will explain how to complete the process in less than five minutes with a regulated broker.

How To Buy Ripple (XRP) – Quick Guide

If you’re looking to buy XRP right now in the fastest and cheapest way possible – the step-by-step guide will walk you through the process with the highly-respected broker, eToro.

  • Step 1: Open a crypto account– Head to eToro’s website and click join now to open a new account.
  • Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
  • Step 3: Deposit – Fund your new eToro account with a minimum of $10.
  • Step 4: Search for Ripple on eToro – Search for XRP or Ripple in the eToro crypto market.
  • Step 5: Buy XRP – Enter the amount of the worth of Ripple you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in XRP in less than 5 minutes.

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Virtual currencies are highly volatile. Your capital is at risk.

If you’re looking to invest in cryptocurrency in 2023, you’ll need to pick a trusted crypto broker or exchange that suits your trading style and financial needs.

Where to Buy XRP

The best crypto exchanges in this space allow you to buy XRP safely and in a low-cost way. Moreover, your chosen exchange should also support your preferred payment method – such as a debit/credit card or ACH.

If you’re still wondering where to buy XRP for your personal requirements – consider the pre-vetted platforms reviewed below.

List of the best Exchanges to buy Ripple XRP in the USA:

Looking where to buy Ripple XRP in the USA right now? Below you will find 4 of the best brokers that allow you to buy XRP in the USA.

  • eToro – Overall The Best Place to Buy XRP
  • Crypto – Best exchange to buy Ripple XRP USA for asset diversity
  • Binance – Best exchange to buy XRP Ripple for beginners
  • Coinbase – Best broker to buy Ripple (XRP) USA for low-cost

1. eToro – Overall best place to buy XRP for 2023

Our recommended platform when it comes to buying XRP is eToro. This Platform is a popular online broker that is authorized and regulated by the SEC.

In addition to FINRA membership, the platform is also licensed by bodies in Cyprus, the UK, and Australia. The eToro website is very simple to use and you can open a crypto account in less than five minutes. In doing so, you will be able to buy XRP on a spread-only basis.

In simple terms, this means that the only fee that you need to pay is the gap between the buy and sell price of XRP. Moreover, as a US client depositing funds in USD, you won’t need to pay any transaction fees on any of the payment methods supported by eToro. This includes everything from debit/credit cards and domestic bank wires to Paypal and ACH. In terms of account minimums, you only need to deposit $10 at eToro to get started.

Once you have completed your XRP purchase, you might then consider buying a number of other promising cryptocurrencies. Some examples of supported tokens include Bitcoin, Dogecoin, Cardano, Shiba Inu, EOS, AAVE, Decentraland, and The Graph. Alternatively, you can also invest in a diversified basket of digital assets via the eToro CryptoPortoflio. In a nutshell, this is a pre-made portfolio that is managed and rebalanced by the eToro team – so you will be investing passively.

Additionally, the copy trading feature is another passive investment tool that allows you to inject capital with a successful eToro user. Anything that your chosen trader subsequently goes on to invest in will be mirrored in your own account.

When it comes to storing your XRP tokens, eToro offers one of the best crypto wallets in the market – which can be downloaded as a mobile app for iOS and Android smartphones. Finally, in addition to cryptocurrencies, eToro also supports stocks, forex, ETFs, indices, and more.

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Virtual currencies are highly volatile. Your capital is at risk.

2. Crypto.com – Best exchange to buy Ripple XRP USA for asset diversity

Crypto.com offers a user-friendly way to buy XRP from the comfort of home. You can complete your purchase after opening an account and uploading some ID. While some users prefer to use the Crypto.com website to buy and sell digital currencies, the provider also offers a popular mobile app for iOS and Android. Either way, when you buy XRP at Crypto.com – the fastest payment method is to opt for a debit card.

This will allow you to purchase your chosen number of tokens instantly, albeit, the standard fee for debit card transactions at Crypto.com is 2.99%. The good news, however, is that for the first 30 days after opening your account, this fee is waived. When it comes to commissions, Crypto.com charges a standard rate of 0.4% per slide. You can, however, reduce your commission by trading higher volumes or holding the platform’s native token – CRO.

Once you have invested in XRP, you might then consider checking out the 250+ other supported tokens on the Crypto.com platform. Moreover, the platform offers a range of other crypto-centric services, such as the ability to earn interest on your investments. There are no lock-up periods to benefit from an interest-earning account and APY rates will vary depending on the respective token. However earning interest on XRP is not currently supported.

Finally, Crypto.com also offers its own debit card that allows you to spend your crypto in the real world.

3. Binance – Best exchange to buy XRP Ripple for beginners

Binance is by far the most popular exchange in the cryptocurrency trading arena, with volumes that often surpass $10 billion per day. Moreover, the exchange is home to over 100 million trading accounts. In order to buy XRP at Binance, you can either deposit funds with dollars or crypto. The latter, however, offers the cheapest way to access XRP, not least because you will only pay a commission of 0.10% per slide.

If opting for a debit or credit card payment, the specific fee will depend on your location. For instance, those in the US will pay 4.5% of the transaction amount – which is expensive. Banking options – such as ACH and wires, are fee-free, but it can take several days for the funds to land in your Binance account. Nevertheless, once you have bought XRP, the tokens will then be placed in your Binance web wallet.

The web XRP wallet offers a range of security tools, such as two-factor authentication, device whitelisting, and cold storage. Furthermore, Binance also has a Safe Asset Fund for Users (SAFU), which is an insurance policy to help compensate traders in the event of a hack. Alternatively, Binance also offers a non-custodial storage facility in the form of the Trust Wallet, which can be downloaded free of charge on both iOS and Android devices.

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Virtual currencies are highly volatile. Your capital is at risk.

Ways of Buying XRP

We have covered a lot in this How to buy XRP guide. However, there are other ways in which you can buy this best crypto. Check out the list below for inspiration!

 

 

Buy XRP With Credit Card or Debit Card

Buying XRP, one of the top crypto assets, from the comfort of your home can be achieved in less than five minutes when using a credit/debit card.

All you need to do is quickly register an account with a low-cost broker like Bitstamp, enter your card details, and that’s it – your XRP tokens will be added to your portfolio instantly.

With that being said, the average fee on credit/debit card payments in the crypto space is between 3-5% – so it’s important that you do your homework before opening an account. For instance, at Crypto.com and Binance – you will be charged 2.99% and 4.5% respectively.

Buy XRP With Paypal

Some cryptocurrency brokers will also allow you to deposit and withdraw US dollars via your Paypal account.

If you do decide to buy XRP with Paypal, you will benefit from an extra layer of security – insofar as you will not be required to enter your credit/debit card details directly.

In terms of where to buy XRP with Paypal, eToro allows you to do this on a fee-free basis. Once again, this is on the proviso that your Paypal account is funded in USD. Otherwise, you will pay a fee of 0.5%.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Buy XRP With Neteller or Skrill

If you hold funds in an alternative e-wallet, eToro also allows you to buy XRP with Neteller and Skrill. Alternatively, you might even consider depositing funds via WebMoney. Either way, no fees apply for USD deposits and the transaction will be processed instantly

Choosing an XRP Wallet

When it comes to wallets, XRP works differently from virtually all other cryptocurrencies. This is because Ripple requires you to allocate 20 XRP as a reserve. That is to say, if you wish the wallet to remain active, you cannot withdraw this 20 XRP.

Based on a price of $0.60 per XRP as of writing, this amounts to just under $17. \And of course, when XRP peaked at $3.40 – this would require a total lock-up of $68.

As a result, this will not be suitable for people that wish to invest a small amount of money into XRP. The good news is that if you buy XRP from the SEC-regulated broker eToro, this 20 XRP minimum is not required.

This is because as soon as you make your purchase – which requires a minimum investment of just $10, the XRP tokens will be added to your eToro web wallet. The tokens will remain there safely until you are ready to cash out.

Once you have learned how to buy Ripple’s XRP tokens and where to complete your order – the final thing to consider is storage. After all, XRP tokens are stored in crypto wallets.

There is plenty of choice in this way, as crypto wallets can come via a mobile app, desktop software, or a hardware device. Each crypto asset wallet will offer a certain blend of security and convenience.

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Virtual currencies are highly volatile. Your capital is at risk.

The Cheapest Place To Buy Ripple (XRP)

eToro is the cheapest place to buy Ripple on our list. You can deposit funds and pay $0 in deposit fees. This way, you can deposit $100 and buy more XRPs. Aside from eToro, the other cheapest places to buy Ripple (XRP) are Bittrex (affordable and operates in most countries).

Changelly (affordable and allows users to buy XRP and other coins with fiat and cryptocurrencies). And Cex.io is another affordable exchange that charges 0.05% to 0.10% on cryptocurrency transactions on its platform).

How To Buy XRP – Tutorial

This guide has so far covered the following topics:

  • Where to buy XRP tokens
  • The best ways to buy Ripple online
  • And how to safely store your XRP tokens

To conclude, we can now walk you through the simple questions and answers on buying XRP.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

The Safest Exchange to Buy Ripple (XRP)

The safest place to buy Ripple (XRP) from our list is through eToro. We chose eToro for longevity, regulation, and its prioritizing of KYC and AML rules while providing two-factor authentication (2FA) for all users.

Additionally, Binance, Kraken, Huobi Global, Changelly, CoinMama, and Uphold are also safe platforms. This can be attributed to the upgrades made to their respective security systems and explains why they haven’t been mired in any cybersecurity problems.

The Easiest Platform to Buy Ripple (XRP)

The easiest place to buy Ripple is eToro. Depending on how cooperative you are as a client, you can sign up for an account and go through the registration process in less than 10 mins. Once you are fully verified, you can enjoy the full products offered by the exchange.

Some of the easiest platforms to buy Ripple (XRP) are through Kraken, CoinMama, Binance, Change NOW, BTCBIT, and Xcoins. They have a great verification process as well as a huge range of cryptocurrencies for pairing.

The Fastest Way to Buy Ripple (XRP)

Once an exchange can be accessed through a website, an iOS as well as an Android device and accepts payments via debit/credit cards or direct crypto deposits, they fall under the fastest ways to buy Ripple.

Due to this, we can say Binance, eToro, and Huobi Global are the fastest ways to buy Ripple (XRP) especially in a situation where you can get more coins as a result of a bearish outlook of the market.

How Do I Buy Ripple (XRP) Near Me?

Ripple XRP ATMs are popping up across the United States and other countries globally. The easiest way to buy Ripple XRP is through XRP ATMs.

At the time of writing, you can buy XRP at more than 3,000 ATMs worldwide. You can locate the ATMs at Ripple XRP ATM and XRP ARCADE.

Note that certain ATMs require some form of identification. Before selecting a particular ATM, go through a guide to gain extensive knowledge about what it requires before risking your money.

Best Ways to Buy Ripple (XRP) Anonymously

The best ways to buy Ripple (XRP) anonymously are through ATMs and certain exchanges.

Therefore, XRP ATMs that do not require any form of identification and Bit2Me Exchange which has a range of payment methods that includes CASH are the best ways to buy Ripple (XRP) anonymously.

Best Ways to Buy Ripple (XRP) With PayPal

eToro and Eightcap Exchange are the best ways to buy Ripple XRP with PayPal. Since PayPal has clamped down on false accounts through the introduction of an extensive verification system, PayPal may probably be the best way to buy XRP you can find on the market.

Best Place to Buy Ripple (XRP) With a Credit/Debit Card

There are several best places to buy Ripple (XRP) with a credit/debit card. As per our research, we were able to identity eToro, Binance, CEX.io, CoinMama, Paybis, BitStamp, Uphold, Kraken, Change NOW, Payeer, and BitBay are the best places to buy XRP with a credit/debit card.

Best Ways to Buy Ripple (XRP) With Your Bank Account

According to our research, there are many best places to buy Ripple (XRP) through bank wire. Among others that we settled on based on quality, regulation, customer service, and ease of use, Paybis, Coinhouse, Bit2Me, and eToro are the best ways to buy XRP with your bank account.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How To Trade XRP In The USA – A Step by Step Guide

If you plan to make a short-term investment in Ripple and profit from its price fluctuations, below, we will provide you with a complete guide about trading XRP in the US.

1. Find an Online Trading Platform that Supports XRP

Selecting the right brokerage platform is one of the essential parts of the process. As long as you are going to speculate on small price fluctuations, you will need to open and close positions quickly. To manage it effectively, you need a brokerage platform that operates fast and charges lower transaction fees. To help you get started, you can find the best brokers to trade XRP in the US in our list of brokers.

2. Fund Your Account

Now, it’s time to open an online account on the brokerage platform you have chosen and verify it to be allowed to trade. When you have a verified account, you can transfer funds using one of the payment methods the broker accepts.

3. Develop a Trading Strategy

Another crucial step in trading is to decide how you are going to trade. So, before buying and selling XRP, generate a trading strategy that you think will best suit your plans and trading intentions. There are many active strategies for those who have spare time and can spend it on the research process.

Otherwise, you can also pick up something from passive strategies if you are not free enough to do market research or follow the news. Some trading strategies include scalping, day trading designed mainly for active traders, while swing trading, “buy and hold” strategy, and others are designed for passive traders.

4. Start Trading Ripple (XRP)

Finally, when you have a verified account, deposited money on it, and developed a trading strategy, you can start trading XRP. You can also explore the brokerage platform you have selected to discover what trading tools it offers and use research analyses and other data to help you generate better trades.

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Virtual currencies are highly volatile. Your capital is at risk.

Ripple (XRP) Advantages And Disadvantages

As you may already know, cryptocurrency trading always involves high risks, so take your time to understand whether you want to buy XRP right now or not. With that in mind, here are some advantages and disadvantages of Ripple to help you in this process.

Advantages of Ripple:

  • One of the best crypto to explode this year
  • Ripple has some unique ideas to revolutionize the way people make transactions.
  • It does not charge any fees for transactions but a small amount of XRP is burnt for each transaction.
  • Ripple has already partnered with hundreds of banks.
  • XRP is one of the largest cryptocurrencies in terms of market capitalization.
  • XRP is not a pricey coin; so it can be a good investment for beginners.

Disadvantages of Ripple:

  • The lawsuit with the SEC affected Ripple’s value.
  • Ripple has many competitors in the payment system industry.
  • Unlike bitcoin and several other cryptocurrencies, Ripple is a centralized cryptocurrency.

Ripple (XRP) Price Prediction

During this review, we have analyzed different algorithms online that are designed to give cryptocurrency price predictions and forecast various movements for Ripple XRP price prediction. Some of them are more optimistic, while others are rather pessimistic.

For example, Digital Coin Price algorithms provide perhaps the most optimistic predictions about Ripple XRP. According to this website, XRP price will hit $2 in 2025 and it can reach up to $7 in 2030.

According to CoinPriceForecast, Ripple will be traded at $1 in 2023, and it will hit $10 in 2030.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How to Buy XRP – Full Guide

This guide has covered each and every factor that you need to be made aware of before you invest in XRP.

If you’ve made your mind up and wish to learn how to buy Ripple right now with the low-fee trading platform Bitstamp in less than five minutes – follow the detailed step-by-step guide below.

Step 1 – Open a Bitstamp Account

Navigate to eToro’s homepage and click ‘Get Started’. Enter your name and date of birth, then provide a valid email address to create your account.

Step 2 – Verify Account

To gain full use of your eToro account, you will have to verify your identity. To do so, click ‘Personal account verification’ on your profile page and fill in the form required for eToro’s KYC checks. You’ll then be asked to upload proof of ID (e.g. passport) and proof of address (e.g. bank statement) for verification purposes.

Step 3 – Make a Deposit

Once verification is complete, click ‘Deposit’ on your dashboard and Select which currency you wish to deposit, and eToro will provide you with their bank details and a personal message.

You will then have to manually transfer the money from your bank account to these details whilst quoting the personal message in the reference box. Once this has been completed, the funds will be transferred and available in your account in one  business day.

Step 4 – Buy XRP

Head over to eToro’s crypto platform and search for XRP. Click ‘Buy’, and an order box will appear on the screen. In this box, choose which order type you’d like to use, enter your position size, and click ‘Buy’ again to facilitate the trade.

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Virtual currencies are highly volatile. Your capital is at risk.

Conclusion

We have discussed a whole host of factors when it comes to how to buy Ripple XRP online, so you should feel ready to dive right in.

First, you need a trustworthy and regulated Ripple broker to execute your orders and securely look after your XRP. This is actually a much more convenient option for beginners.

If this project aligns with your long-term investment goals – you can buy XRP right now with low fees by partnering with eToro. The minimum deposit is just $10 in the US and UK, and notably eToro also offers copy trading and social trading features – so you can network with other investors to discuss XRP price predictions and trading strategies.

>>>Buy XRP Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

FAQs

What is the safest way to buy Ripple?

The safest way to buy Ripple is via a broker that holds a license and is regulated by a respectable body. Some of the most well-known regulatory bodies are ASIC, FCA, and CySEC. eToro is licensed by all three and is also registered with FINRA in the US.

Where can I buy XRP?

If you’re wondering where to buy XRP Ripple in the US, consider using eToro or Crypto platform to benefit from their low-fee pricing model. There is no minimum deposit threshold to invest in XRP from the comfort of home.

How do I buy XRP?

You can buy XRP right now in three simple steps. First, open an account with a regulated broker like eToro. Second, make a deposit. And lastly, search for XRP and enter your investment size. With eToro US users can start with as little as 10 USD.

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