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

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

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

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 XRP – Quick Steps

 If you’re looking to buy XRP today in the easiest and cheapest possible way –  the step by step guide will walk you through the process of getting started with the highly respected and heavily regulated broker, eToro. 

  • Step 1: Open a Crypto Account: Head over to eToro’s homepage and click ‘Get Started’. Enter your name, email address, and date of birth to create an account, then upload photo ID and proof of address for verification.
  • Step 2: Deposit Funds: Click ‘Deposit’ on your eToro dashboard and choose which payment method you’d like to use. USD deposits are free to make and have no minimum funding requirement.
  • Step 3: Search for XRP: Search for XRP on the eToro trading platform and click ‘Buy’ when it appears.
  • Step 4: Buy XRP: In the order box on the right side of your screen, choose your trade type, enter the amount of money you’d like to invest in XRP, and click ‘Buy’ to facilitate the purchase.

If you’re looking to buy cryptocurrency in 2022, you’ll need to pick a trusted crypto broker or regulated exchange that suits your trading style and financial needs.

>>>Buy XRP Now<<<

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

Where to Buy XRP Cryptocurrency

The best crypto exchanges in this space allow you to buy XRP safely and in a low-cost way. If you’re still wondering where to buy XRP for your personal requirements – consider the top places to buy XRP reviewed below.

1. eToro – Overall Best Place to Buy XRP for 2022

Our recommended platform when it comes to buying XRP is eToro. .Founded in 2007 and now used by over 20 million traders, eToro 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, Cardano, Binance Coin, EOS, AAVE, Decentraland, and The Graph. Alternatively, you can also invest in a diversified basket of digital assets via the eToro Crypto Portoflio. 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 storage, 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.

>>>Buy XRP Now<<<

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

2. Crypto.com – Best Platform to Buy XRP With a Debit Card

Another good way to buy XRP is through Crypto.com. The platform 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. Finally, Crypto.com also offers its own debit card that allows you to spend your crypto in the real world.

>>>Buy XRP Now<<<

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

3. Binance – Buy XRP With Crypto at Very-Low Fees 

Binance is the most popular exchange in the cryptocurrency trading arena, with volumes that often surpass $11 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.

And as such, anyone can buy and sell XRP at the click of a button. Like any other digital asset that trades on public exchanges, the value of XRP will rise and fall throughout the day. Therefore, when you buy XRP for your own portfolio, you will make a profit if the value of XRP increases – in relation to your original cost price.

>>>Buy XRP Now<<<

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

Is XRP a Good Investment?

XRP is one of the most established cryptocurrency tokens in this industry. This gives the project a solid foundation base and track record that very few tokens can mirror.

However, whether or not XRP is a viable investment for your portfolio remains to be seen. In order to make an informed investment decision today, we would suggest researching the project from top to bottom.

To help you along the way, below we explore some of the core reasons why you might decide to buy XRP.

Cross-Border Fees 

In addition to slow transactions, SWIFT and other legacy payment networks can be expensive. This is especially the case when banks and financial institutions are required to send and/or receive an emerging currency.

This is because – as we cover in more detail shortly, emerging currencies suffer some low liquidity levels, and thus – transactions require the services of corresponding banks.

However, in the case of Ripple and XRP, the underlying technology permits super-cheap transfer fees – regardless of the currency of the location of the transacting parties.

In fact, since the Ripple network was launched, the average transaction fee stands at just $0.0008007. This means that banks and financial institutions can transfer significant sums of capital while paying just a tiny fraction of a cent in fees. It is important to note that XRP transaction fees are also cheap in comparison to other blockchain networks.

Interbank Transaction Speed

We briefly mentioned above that Ripple and XRP allow banks and financial institutions to move away from the SWIFT network, which has dominated the vast bulk of interbank transactions since the 1970s.

  • In fact, trillions of dollars worth of capital go through the SWIFT network each and every day – even though the framework is slow, expensive, and filled with regulatory red tape.
  • Regarding transaction speeds, interbank transfers that currently go through SWIFT can take 3-5 working days to settle, especially if less-liquid currencies are being used.
  • However, in the case of Ripple and XRP, the average transaction time is just 3.86 seconds.
  • Not only is this the case irrespective of where the sender and receiver are based – but the specific currencies being used in the transaction.

Moreover, it is important to note that XRP is not just faster than legacy networks like SWIFT. On the contrary, when you compare XRP to the likes of Bitcoin – which requires 10 minutes to settle a transaction, XRP is actually one of the fastest blockchains in this industry.

And as such, Ripple and XRP have the required efficiency levels to become the go-to network for global payments.


When you come across the term scalability in the blockchain industry, this refers to the number of transactions that a network can facilitate on a per-second basis.

  • For example, Bitcoin is able to handle just 7 transactions per second.
  • In the case of Litecoin and Dogecoin, an average of just 56 and 33 transactions per second can be processed.
  • However, XRP is significantly more scalable, with the Ripple network consistently handling 1,500 transactions per second.
  • With that said, Ripple also notes that should it need to – its network can mirror that of Visa, which can handle up to 65,000 transactions per second.

This is absolutely crucial if Ripple and XRP wish to become the dominant payments network in the global interbank transaction industry.

After all, trillions of dollars worth of currency change hands between banks and financial institutions each and every day.

>>>Buy XRP Now<<<

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

 Best Ways of Buying XRP

This guide has thus far covered the the best place to buy XRP – including reviews of top XRP exchanges and brokers and reasons to buy XRP

Moving on, we will now discuss the best way to buy XRP online, in terms of paying for your digital tokens.

Buy XRP With Credit Card or Debit Card

Buying XRP 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 Now<<<

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

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 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.

>>>Buy XRP Now<<<

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

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 $0.84 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.

>>>Buy XRP Now<<<

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

How to Buy XRP – Tutorial

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 an 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.

>>>Buy XRP Now on eToro<<<

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

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 the 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 choose whether you will be using a credit/debit card or a bank wire. Select which currency you wish to deposit, and eToro will provide you with their bank details and a personal message.

Step 4 – Buy XRP

Head over to eToro web-based trading 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.

>>>Buy XRP Now<<<

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

How to Sell XRP

We noted earlier that once you invest in Ripple at eToro, the tokens will be added to your web wallet without requiring the 20 XRP lock-up.

As such, if you want to sell XRP, you can do this at any given time by heading over to your portfolio and executing a sell order. The tokens will then be sold for US dollars and the proceeds added to your account.

Conclusion – How To Buy XRP

Ripple and its underlying XRP token offer a highly efficient blockchain network for banks and financial institutions to transact on a cross-border basis.

Unlike legacy payment systems such as SWIFT, Ripple permits fast, cheap, and burden-free transactions irrespective of the location of the sender or receiver, or the currencies being used.

If this project aligns with your long-term investment goals – you can buy XRP right now with low fees by signing up with eToro. There is no minimum deposit threshold to worry about when using this platform and trades can be opened with fees as low as 1%.

>>>Buy XRP Now<<<

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

Frequently Asked Questions When Buying XRP

Where can I buy XRP?

If you’re wondering where to buy Ripple, consider using eToro to benefit from their low-fee pricing model. There is no minimum deposit threshold to invest in XRP from the comfort of home. Moreover, eToro offers the best app to buy XRP on iOS and Android devices.     

What is the best way to buy Ripple?

Although Crypto.com and Binance are worth considering, we found that the overall best place to buy XRP is eToro – in terms of fees, security, regulation, and account minimums. 

>>>Buy XRP Now<<<

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


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