Ripple XRP was a popular cryptocurrency until the SEC case. In December 2020, the Securities and Exchange Commission or SEC accused Ripple of violating the registration provisions of the federal law.
Since then, many mainstream exchange platforms delisted XRP. According to recent developments though, in the SEC vs. Ripple case, the cryptocurrency is set to have an upper hand over the SEC. It means that Ripple XRP is set to return and one can expect its price to be higher than it is now.
However, there are still many ways to easily buy your favorite crypto – XRP.
In this blog, we will highlight 3 ways to buy Ripple XRP, these methods are tried and tested by our team at the time of writing.
Buy Ripple From an Exchange
After the SEC lawsuit, Ripple has been removed from several different exchanges such as Coinbase and Robinhood. However, with the current updates, it is expected to return on these sites.
Right now, Ripple is like one of those rare baseball cards and you can purchase XRP from only exchanges like FTX and Kraken, which permit buying and selling of this particular cryptocurrency.
How to buy Ripple on FTX?
First released in 2019, FTX has already made its name as a business-friendly exchange, providing multiple benefits. On top of that, FTX is made for beginners who can operate the platform following simple instructions.
Making an account on FTX
- Firstly, click on the Register button which will ask for your email address and password. Do not forget to check the “I Agree” box option.
- Then click to verify and hit the “Sign Up” button. To get a fee discount use a referral link.
- Secure Your Account: For ultimate security, opt for the 2-Factor Authentication for which you have to go to the “Profile Page”. Then you have to enter the 6-digit code that the Google Authenticator app receives on your phone.
- Deposit Your Money: Now that your profile is fully secured, move on to deposit your currency! Easy peasy.
The best thing about FTX is that it lets you deposit both fiat and cryptocurrency. For this, you have to go to the wallet. You can use Bitcoin as well as your debit card for easy XRP trading.
If you are comfortable with depositing stable coins, you need to go to ‘Fiat’ and search for the currency that you want to deposit.
Suppose you want to deposit USD, then there will be crypto options to choose from such as USDC, BUSD, etc. You can also use your debit card by clicking on ‘Deposit via Card’. To deposit USDT, you need to get it out of the USD box.
With debit cards, it only takes a few seconds to be credited which also can be withdrawn after 7 days.
Steps to buy XRP on FTX
Now that you have a balance in your wallet on FTX, you can procure your XRP. Here’s how –
- Simply go to the Market section and click on Spot. There you will have multiple options from which you can choose XRP.
- Next, you enter the details, how much XRP you want to buy, and your order type. You will be able to see its value in your deposited fiat currency.
- Now click ‘Place Orders’ and your job is done!
How to Buy Ripple on Kraken?
To buy XRP through Kraken follow these easy steps –
- Create an account on Kraken with a unique username and strong password.
- Enter your personal information such as your name, email address, date of birth, phone number, and country.
If you want to buy crypto on Kraken with fiat currency such as USD and EUR, you need to verify your identity with supporting documents such as social security number, physical address, etc.
And if you want to use cryptocurrency, simply create a deposit address in your account on Kraken so that you can receive your XRP from your crypto wallet.
Now you are all set to buy XRP through Kraken – fill up your order form with your order preferences, and click “Buy”.
As the prices of cryptocurrencies change, Kraken provides you maximum liquidity to ensure your profits in the given market. Moreover, it also provides 24/7 global support with their certified crypto guides who are ready to solve all your problems regarding their services.
Buy Ripple Using Wallet
The other way to buy Ripple is to use a software wallet. Cryptocurrency allows the owner a certain amount of freedom that is not disturbed by any third party.
A wallet is a highly versatile medium to deal with cryptocurrency as it also helps in storage. A software wallet like Atomic Wallet supports XRP, and is easy to use while ensuring security from any third-party organization.
How to Buy Ripple on Atomic Wallet?
Follow these quick steps –
- Install Atomic Wallet; here you can manage and receive multiple cryptocurrencies as well as fiat money.
- Next, register and verify your identity. Verification is a must for this wallet to avoid any identity fraud. Remember, Atomic Wallet asks for photo identification. After your verification, all transactions will happen through Simplex, a processing company.
- The next step simply is to buy XRP!
The best part about Atomic Wallet is that you can buy XRP with a bank card with maximum security. You can start with $50. However, there is a $20,000 daily limit.
Atomic Wallet is time-efficient and the whole process hardly takes 30 minutes to get through. Moreover, there are no restrictions regarding your physical location. You can safely access the wallet from anywhere, though using VPN is recommended.
To know more about buying Ripple on Atomic Wallet, check out Ripple Wallet (XRP) | Atomic Wallet.
Buy Ripple by Swapping for Other Crypto
If the exchange platforms do not work for you and you are finding it difficult to manage the wallet, you can always buy Ripple by swapping XRP for other cryptocurrencies. As already mentioned, for now, you cannot buy Ripple from digital exchange platforms such as Coinbase and Robinhood. But you can always buy alternate crypto from an exchange like the Binance exchange and swap it for XRP. However, always remember that swapping crypto needs you to pay a small fee in lieu of the transaction from one wallet to another.
Here’s providing you with the two best platforms to swap your crypto with Ripple XRP.
How to purchase XRP using Changelly?
Follow these three simple steps to swap your crypto –
- Calculate the amount to make sure that you understand how much XRP you can afford with your other crypto. It shows you the best market value available. Moreover, do check the 0.25% service fee before you proceed to swap.
- If you are not already signed in, then sign up with your email so that it can store your transaction history.
Changelly provides you with the best offer available on the digital market. After you send the exact amount of crypto shown in the calculator, you receive your XRP within minutes.
How to use it?
Firstly, choose the pair of crypto that you want to exchange on SimpleSwap.
Suppose you want to exchange your Bitcoin with Ripple. Since you want to swap for Ripple, provide your XRP address. Be cautious when providing the address. This is the address where your crypto will be sent after the exchange.
To complete the process, send your amount of Bitcoin to the Bitcoin address, provided on the exchange page.
When you put the address, be careful and double-check the correct coin address. Also, be mindful of the destination tag or payment ID. Since for some cryptocurrencies, exchange platforms use one address for all traders, the memo or tag helps to locate the individual account to which the amount will be sent.
What is the Best Way to Buy XRP?
Among these three ways, using an exchange is unquestionably the best process to buy XRP. Many exchanges give you multiple options to choose from when it comes to investing in or trading Ripple. Sites like FTX even let you use fiat cash to buy Ripple. FTX charges no deposit fees for its services.
Moreover, it not only charges lower fees than any other medium but also provides various offers that reduce extra charges. For professional traders and financial institutions, it provides a VIP program and for market makers, the Backstop Liquidity Provider program, which gives special offers on prices and transactions.
FAQs on How to buy XRP
Can I buy Ripple on Coinbase?
No, you cannot purchase Ripple XRP on Coinbase. Given the SEC’s mandate, you will be able to deposit and withdraw XRP and your XRP funds may remain safely stored in your Coinbase account, but you will not be able to buy or sell Ripple on Coinbase.
Can I buy Ripple on Kraken?
Yes, you can buy Ripple XRP on Kraken, we have explained the buying process in our article.
Can I buy Ripple on Robinhood?
No, you cannot buy Ripple XRP on Robinhood. Currently, Robinhood only allows users to watch Ripple cryptocurrency on the app.
Can I buy Ripple on Binance?
No, you cannot buy Ripple XRP using your Binance account in the US. You can however do so on Binance.com.
Anish loves reading, researching, and writing about crypto and blockchain. He started his crypto journey early in 2017, what started as a fad is now a full-time hobby. He curates guides after thorough research on platforms and is responsible for the most in-depth guides on the site. You will find him walking his dog (not Doge) when he is from his Laptop.