Despite being one of the most debated cryptocurrencies, XRP by Ripple continues to attract the attention of investors who seek to purchase a highly efficient digital currency with barely any transaction costs.
How to buy Ripple (XRP)
Ripple XRP can be bought quickly and securely online on a variety of crypto exchanges and brokers. On these crypto trading platforms, you can deposit conventional money using common payment methods and exchange it for XRP at good rates.
For a step-by-step guide on how to buy XRP, simply select one of the available XRP exchanges below.
This XRP buying guide demonstrates buying Ripple's cryptocurrency on some of the most popular crypto trading platforms - no matter if you are new to investing or an already experienced crypto investor.
Where to buy XRP
The selection of crypto exchanges that offer to buy XRP has shrunk since the SEC filed a lawsuit against Ripple Labs, as many exchanges were forced to delist or suspend trading of the XRP cryptocurrency temporarily.
Nevertheless, buying Ripple XRP remains an uncomplicated process as the selection of supported XRP trading platforms continues to recover again.
As of 2024, you can buy XRP on a selected list of cryptocurrency exchanges and brokers. Such cryptocurrency trading platforms are the most popular method of buying XRP, as they allow you to buy XRP with normal payment methods without much effort.
Some good crypto trading platforms tested by us that offer to buy XRP at affordable trading fees are listed below:
When buying XRP on crypto exchanges and brokers, we recommend looking for platforms that allow you to trade XRP on the spot market, meaning you buy actual XRP on the blockchain. By choosing to buy actual XRP on the blockchain, you will be able to withdraw your purchased XRP to your personal cryptocurrency wallet.
For a full guide on how to buy XRP by Ripple Labs, take a look at our example of how to invest in XRP on numerous different crypto platforms in 2024.
Options for buying Ripple XRP
There are several different methods of buying XRP that may be more or less useful to you depending on your individual circumstances:
| Option for buying XRP | 💬 Description | ✅ Pros | ❌ Cons |
|---|---|---|---|
| XRP Exchanges | Buy XRP on crypto exchanges that facilitate trades between you and other users, meaning you directly buy XRP from someone else. | Low fees, You can buy any amount of XRP (order book) | Registration required, complicated in some cases |
| XRP Brokers | Choose a broker of your choice and let him do the XRP buying for you. You simply create an XRP buy order. | Often easy in usage | Registration required, Fees often higher |
| XRP ATMs | Buy XRP with cash or cards directly on ATMs. | Cash accepted, no registration required | High transaction fees, Custody Fees, Low daily limits |
Benefits of Buying XRP on Exchanges
Buying XRP on crypto exchanges and brokers is a popular method of investing in XRP due to a few major benefits:
💳 Low Trading Fees: Because crypto exchanges that offer XRP trading usually have very high volumes, buying XRP on exchanges comes with very low trading fees. This means that you maximize the amount of XRP you get for your money
👛 No XRP Activation Fee: When buying XRP on exchanges and brokers, the trading platforms hold the XRP on their crypto wallet, meaning you do not have to pay the XRP wallet activation fee of 10 XRP that is required by the Ripple network when buying XRP
🏦 Regulatory Safety: Many XRP exchanges are regulated by local authorities, allowing them to provide you with a way to safely buy XRP
💰 Easy Cashout: Because XRP exchanges work together with payment providers or actual banks, it's easy to get out of your XRP investment in the future
Despite some cons such as lower privacy due to identity verification, good crypto exchanges with XRP are the easiest and most cost-efficient way to buy Ripple XRP for traditional money such as US-Dollar and the Euro.
Buy XRP on Exchange vs Broker
When deciding to buy XRP online, you can choose from crypto exchanges and brokers as the two major types of XRP trading platforms.
The difference between these two types of platforms for buying XRP is that on cryptocurrency exchanges, you directly purchase XRP from other users, whereas on crypto brokers, the broker buys XRP on exchanges on your behalf.
This results in cryptocurrency exchanges such as Kraken being very cost-efficient for buying XRP, as their fees for XRP trading are particularly low.
Crypto brokers such as eToro on the other hand are often easier to navigate when it comes to buying XRP and at the same time accept a wider range of payment methods compared to XRP exchanges.
Hence, it depends both on your level of experience and the payment methods you rely on when deciding whether you should buy XRP on exchanges or brokers.
How to buy XRP for cash
The cryptocurrency XRP can be purchased for cash via XRP ATMs, which are usually found in major cities around the world. XRP ATMs function similarly to traditional ATMs, allowing users to purchase XRP with cash or a debit card.
Despite there being some ATMs that sell Ripple XRP, they are rather rare compared to other major cryptocurrencies like Bitcoin and Ethereum.
Also, buying XRP on ATMs is seen as disadvantageous by many investors because XRP requires users to lock 10 XRP on their crypto wallet in order to receive their purchased XRP on the Ripple network, and an ATM will not pay that fee for you.
Because of this, buying XRP for cash at ATMs results not only in higher trading fees but also in self-custody fees, which is why custodial XRP trading platforms are the more popular option for buying XRP in general.
Hence, buying XRP online on popular cryptocurrency trading platforms is the way to go for the vast majority of users looking to invest in Ripple's XRP.
How to invest in XRP
In order to invest in the XRP cryptocurrency, you simply have to buy XRP on the spot market and hold your coins for any period of time. This way, you invest in Ripple XRP and gain full exposure to its price movements.
Practically speaking, you can invest in XRP following three major steps that are done very quickly on popular XRP trading platforms:
Create a new account on a platform that offers to buy XRP
Choose a payment method to deposit money onto the XRP trading platform
Buy Ripple XRP with your newly deposited funds
Optional: Cash out the newly bought XRP to your own crypto wallet. Note that this requires a wallet activation fee of 10 XRP coins
If you want to see investing in XRP in practice, we have created numerous examples of buying XRP on crypto exchanges.
Is XRP a good investment?
When considering whether XRP is a good investment, it's important you understand what you're actually investing in by buying and holding the XRP cryptocurrency.
XRP is a cryptocurrency used on the Ripple network to facilitate cross-border payments and other financial transactions, including simple peer-to-peer transactions as in Bitcoin.
As such, investing in XRP means investing in the future success of the Ripple network and its use case as a global payment system.
If you believe that the Ripple network has a bright future and will continue to gain adoption and usage, then investing in XRP could be a good choice for you.
Over the years, XRP has seen significant price fluctuations, but overall, Ripple XRP has been a successful investment for most crypto investors. In particular, those who invested in XRP in the early days and held on to it saw significant gains. For example, in 2017, XRP saw a huge price increase, rising from less than $0.01 to over $3 at its peak.
| Name | XRP |
|---|---|
| Symbol (Ticker) | XRP |
| Price | 1.11$(-5.31% 24h) |
| Market capitalization | 63,350,872,657.41,844$ |
| All time High | 3.4$ (Jan 7. 2018) |
| All time Low | 0.00268621$ (May 22. 2014) |
| Tradable on |
However, it's important to note that investing in any cryptocurrency comes with a high level of risk due to the volatility of the market and the potential for regulatory changes and other unforeseen events.
In case you're considering investing in XRP, it's important to do your research in order to make an informed decision. This may include looking at the overall market trends of XRP, the adoption of the Ripple network, and the potential use cases for XRP.
Why buy XRP?
Being a cryptocurrency that purely acts as a form of payment method, there are two major reasons why crypto investors choose to buy XRP.
Buy XRP for personal usage
XRP is the native currency of the Ripple network, meaning that you need to buy XRP if you want to pay others on the Ripple payment network.
Buying XRP for personal usage is useful when intending to pay other individuals on the Ripple blockchain or pay for products/services on platforms that accept XRP payments. Today, there are already a handful of online payment providers accepting XRP, which makes buying XRP useful for those who want to use it as a form of money to save transaction fees.
Buy XRP to invest in Ripple
Most cryptocurrency investors who choose to buy XRP do so purely to invest in Ripple as a payment network.
This is because, as the native cryptocurrency of the Ripple network, XRP can figuratively be seen as a stock for Ripple. If you buy XRP, you directly participate in the success of Ripple as a global payment network.
Because XRP has a maximum supply of 100 billion tokens, the XRP currency is expected to appreciate in value if Ripple succeeds as a global payment network with XRP as its native cryptocurrency.
This creates an incentive for crypto investors to buy XRP in order to speculate on its price going up.