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How & Where to Buy XRP (Ripple) - Beginner's Guide 2022

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Author: Alice Leetham Updated: July 29, 2022

Ripple is the company behind the XRP Ledger (XRPL), a scalable and sustainable blockchain designed for making fast, low-cost transactions. The XRP cryptocurrency runs on XRPL and provides a more efficient means of value transfer than its predecessors.

This guide will take you through how to buy XRP step by step, as well as review some of the best platforms that offer the coin and cover some of the reasons you may want to invest in it.

How to Buy XRP - Quick Guide

  1. Choose a platform

When deciding on a crypto broker or exchange to sign up with, consider aspects such as what fees they charge and what customer support they offer. You can check out the section on platforms later in this guide for a comparison of the best ones. If you can’t wait to get started, you can register with our top choice, eToro, right now.

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  1. Create and fund an account

Go to the joining page of your chosen platform and fill in all the required fields in the registration form to create your account. You will likely have to provide a photo ID to complete the verification process on a regulated platform. Next, click “Deposit” and fund your account with one of the accepted payment methods.

  1. Buy Ripple

Search your platform for the trading pair for XRP and your deposited currency. Create a buy order for the amount you want to purchase. If you use a limit order, it will be automatically bought for you once it reaches a specified XRP price. A market order, on the other hand, will be filled straight away at the current price.

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Where to Buy Ripple?

Let’s take an in-depth look at some of the top platforms that offer XRP.

1. eToro - Overall Best Place to Buy XRP

eToro takes number one as the best place to buy XRP due to its ease of use and the diverse selection of services it offers on its platform.

You can purchase XRP with as little as $10, which is also the minimum deposit, making it a great choice for beginner investors. Additionally, eToro has a standard transparent fee of 1%, making it an affordable way to buy XRP.

Along with XRP, you have the option to trade over 70 different cryptocurrencies. And it doesn't stop with crypto—you can trade stocks, forex, and ETFs, making it a good platform for those who want to invest in various types of assets. 

eToro makes it extremely simple to buy XRP. It's a user-friendly platform with a set of trading tools that make it the perfect choice for investors of all experience levels.

With a trading platform, storage wallet, and staking service, eToro is the best choice for investing in XRP. One unique aspect that differentiates eToro from competitors is its CopyTrader feature, which allows you to copy the trades of professional traders. 

Lastly, in the USA eToro is registered with FinCEN and a member of FINRA and SIPC. In the UK, the platform is regulated by the FCA, ensuring your investment portfolio is safe. Read our full eToro review here.eToro homepage


  • Transparent fees

  • $10 minimum deposit

  • Social investing features

  • Regulated, with strong security

  • Simple to use

  • Educational resources

  • Mobile app


  • Non-USD deposits will incur a small conversion fee

  • Not available in some countries

2. Binance - Best Exchange to Buy XRP with Low Fees

Binance is the best place to buy XRP if you want to avoid spending money on fees. At 0.1% or less, Binance’s trading fees are the most competitive on the market, and there are no fees for crypto deposits. Some methods of fiat deposit and withdrawal are free as well.

With high liquidity, Binance is a great platform for trading XRP and the 600+ other available coins. Customisable charts and indicators mean Binance users have the necessary tools for technical analysis.

If you’re a beginner, however, you can buy XRP in a couple of clicks with a credit/debit card or third-party payment processor under the Buy Crypto tab. You can also use Binance Convert to easily switch between different cryptocurrencies and access educational materials in the Binance Academy.

Once you’ve purchased some XRP, you can put it in a Binance savings account to earn an estimated 0.45% APR, or access a higher yield through Binance’s liquid swap.

You’ll need to verify your identity before you can buy XRP, but this doesn’t take long. The minimum USD deposit is $50, and after that, you can purchase as little as $10 of XRP. Read our full Binance review here.Binance homepage


  • Lowest trading fees on the market

  • 600+ other cryptocurrencies available

  • Technical analysis tools

  • Beginners can buy XRP in a couple of clicks

  • Earn interest on your XRP

  • Educational resources

  • Mobile app


  • High minimum for USD deposits

  • Limited payment methods for some countries

  • Regulatory issues in some places

3. Coinbase - Beginner Friendly Exchange to Buy XRP

Coinbase’s intuitive and simple-to-use interface makes it a popular cryptocurrency exchange for beginners to buy Ripple (XRP). With a variety of payment options such as PayPal and a minimum trade size of $2, buying XRP on Coinbase is accessible regardless of your budget.

Users can set up recurring buys of XRP as a simple way of deploying a dollar-cost averaging strategy. You can also add XRP to your watchlist to keep up with its price movement, and easily view your portfolio performance in your dashboard.

There are plenty of educational resources on Coinbase if you want to learn more about cryptocurrency. Meanwhile, more experienced traders and investors who prefer a more technical trading interface with advanced tools can use the Coinbase Pro platform, which provides a choice of order types.

Coinbase provides security measures such as offline storage and crypto-insurance, and the platform is regulated by the FCA. The recommended minimum deposit is $50, and the fees are pretty competitive at 0.6% plus spread. Read our full Coinbase review here.Coinbase homepage


  • Very easy to buy XRP

  • Buy as little as $2 of XRP

  • Clear interface

  • 150+ other coins

  • Educational resources

  • Recurring buys feature

  • Regulated and secure

  • Mobile app


  • Higher minimum deposit than some competitors

  • High fees for some payment methods

4. Bitpanda - Best Platform to Buy XRP Securely

If you’re looking for a safe way to buy XRP, Bitpanda could be the platform for you. It has an excellent rating on Trustpilot and is fully licensed. Bitpanda keeps users’ assets secure in offline storage and is in full compliance with anti-money laundering regulations.

There are nearly 200 other cryptocurrencies available on the platform, and what makes Bitpanda unique is that you can swap your XRP directly with the other asset types available, such as stocks, ETFs, and metals.

You can use Bitpanda’s savings plan to set up recurring purchases of XRP, and use the mobile app to trade XRP from anywhere. You can even spend your XRP with the Bitpanda Card.

The Helpdesk provides useful information on how to use the platform, and you can learn all about crypto, blockchain, and trading in the academy. For any other questions, you can contact Bitpanda’s helpful customer support.

You will need to make an initial deposit of at least $25, for which there is a range of available payment options. There is a 1.49% premium included in the quoted price of XRP, and you can purchase as little as $1.50 or €1 of the cryptocurrency.Bitpanda homepage


  • Strong security

  • Regulated

  • Excellent rating on Trustpilot

  • Almost 200 other cryptocurrencies

  • Swap XRP with traditional financial instruments

  • Low minimum trade size

  • Choice of deposit methods

  • Educational materials

  • Mobile app


  • Fees for XRP deposits

  • Mostly only available in Europe

  • Only email support is offered

5. Capital.com - Best Place to Trade Ripple CFDs

If you want to be able to profit from changes in the price of XRP without going to the trouble of owning and storing it, then the Ripple CFDs traded on Capital.com should be your first port of call.

Although CFDs are a high-risk way of trading XRP, Capital.com helps you manage this risk with a range of tools such as negative balance protection. There are trading guides, online courses, and a financial education app available for beginners, and you can even practise XRP trading risk-free in a virtual account.

Capital.com provides experienced traders with all the advanced tools and features they need, including client sentiment, price alerts, technical indicators, and AI-powered post-trade analysis. The platform lets you trade XRP with up to 30x leverage.

There are plenty of other cryptocurrencies to trade alongside XRP, as Capital.com has hundreds of crypto trading pairs, as well as thousands of more traditional assets, like stocks, forex, commodities, and indices.

You’ll need to create and verify an account before you can make a minimum deposit of at least $20. There are no commissions or fees for deposits or withdrawals. The overnight fees vary, and Capital.com’s crypto CFDs have floating spreads. Read our full Capital.com review here.Capital.com homepage


  • Seamlessly trade Ripple CFDs

  • Regulated and secure

  • Tools for risk management

  • Financial education app

  • Demo account

  • Trade other cryptocurrencies and traditional financial instruments

  • Order execution is fast

  • Free deposits/withdrawals and no commission

  • Mobile app


  • Ripple CFDs are high risk

  • Crypto CFDs are not available in the UK

  • Doesn’t offer the tightest spreads available

Buy Ripple Today!

What is Ripple?

Ripple is a company that provides global payment solutions. Its digital payment platform, RippleNet, enables payments to be made anywhere in the world in about three seconds and is already used by traditional financial institutions, including Santander and Bank of America.

RippleNet is built on the public distributed ledger database XRP Ledger (XRPL), which is high-performance and environmentally sustainable, thanks to its speed, low cost, scalability, and energy efficiency. It supports a range of services, including decentralised exchange, cross-currency payments, batched micropayments, and issuing currencies.

The native cryptocurrency of the XRPL is XRP, which can be sent directly between XRPL addresses, making it a convenient bridge currency. It is used as a bridge between all trades on the decentralised exchange to ensure there is sufficient liquidity, as well as to pay XRPL fees and secure payment channels for batched micropayments. 

What Payment Methods Can I Use to Buy Ripple?

There is a range of payment methods you can use to purchase XRP. We’re going to discuss the benefits of some of the most popular options below.

Credit/debit card

Credit and debit cards are a convenient way of purchasing XRP for many as they are accepted by the majority of crypto platforms. Card deposits are free on eToro and Capital.com, while they carry a 1.8% fee on Binance and a 2.49% fee on Coinbase.

Bank transfer

Bank transfers are also fairly widely accepted by crypto platforms and often represent the cheapest deposit method. Transfers can be fast as well if your platform supports Faster Payments. On Binance, there is a £1 fee for Faster Payments transfers, a €1 fee for SEPA, and no fee for SWIFT. Meanwhile, bank deposits are free on eToro, Coinbase, and Capital.com.


PayPal is less widely accepted as a payment method on crypto platforms, especially in the UK, but is a quick and easy way to make a deposit where it is accepted. The fees can be high on some platforms—Coinbase charges a 2.5% fee for PayPal deposits or a 3.99% fee for purchasing XRP directly with PayPal. On eToro, however, PayPal deposits are free.


Skrill is a digital wallet provider that makes paying online fast and simple. It is not an accepted deposit method on Binance or Coinbase, but you can use it to make free deposits on eToro or Capital.com. Skrill can also be used to make EUR, USD, CHF, and GBP deposits on Bitpanda.

How to Buy Ripple - Step-by-Step Guide

Follow these simple steps to purchase XRP on eToro .

  1. Create a free account

Create an account by clicking on the “Join Now” button and filling in your email address, username, and password on the form that pops up. Alternatively, you can sign up through Google or Facebook. Once you’ve agreed to the terms and conditions, click “Create Account”.eToro sign up step

  1. Verify your account

Verify your email address using the link that you will receive by email. In order to complete your profile, you will need to provide some more information, such as your full name, date of birth, and address. You’ll have to answer some questions about your investing experience, and may need to submit a photo ID.eToro verify step

  1. Make a deposit

You can fund your account by clicking on the “Deposit Funds” button. Just select your local currency, preferred payment method, and how much you wish to transfer. Click the “Deposit” button once you’ve filled in any payment information required.eToro deposit step

  1. Buy XRP

You can find XRP by typing it into the search bar at the top. Click on the “Trade” button, and if you’re ready to make a purchase, fill in the amount you want to buy and hit “Open Trade”.eToro buy XRP step

Ways to Invest in XRP

Whatever your experience and investment goals, XRP may have something to offer as it can be bought for both the short and long term. We will look at why both approaches can be profitable below.

Buy and Hold XRP

This is a strategy that anyone can follow as it simply involves buying XRP and holding onto it for a period of time. Skills such as technical analysis are not required for this strategy. In fact, very little time and effort are required to potentially make a profit, just be sure to buy in at a good XRP price.

XRP cannot be staked for passive income, but it can be used to pay fees on the XRPL.

Trade Ripple (XRP Trading)

You can also buy and sell XRP much more frequently to generate returns more often, taking advantage of the XRP price volatility. People who trade XRP often use skills such as technical analysis to identify the best times to buy and sell. Some platforms, such as Capital.com, facilitate the trading of XRP derivatives, like CFDs, enabling traders to profit from XRP price movement without actually owning it.

Choosing a Ripple Wallet

You’ll want to decide where to store your XRP once you’ve bought it, so let’s discuss the different wallet options available.

Ripple Software Wallets

  • Web wallet: Those with small amounts of XRP and regular traders will likely find web wallets convenient as they are provided for free by many crypto platforms. You want your coins to be stored safely, however, which is why it’s important to pick a platform with strong security, like eToro.

  • Mobile wallet: This is a crypto wallet app that you can download onto your smartphone to store XRP. XRP Wallet can be downloaded for iPads and iPhones to store and convert XRP, while Xumm has been designed by XRPL Labs to store XRP on Android devices.

  • Desktop wallet: This type of crypto wallet is similar to a mobile wallet but is downloaded onto your computer instead. Exodus and Atomic both provide desktop wallets that support XRP.

Physical and Hardware Wallets

  • Hardware wallet: Hardware wallets cost money, but they are the most secure storage option, making them popular with those holding a large amount of XRP for the long term. Trezor and Ledger both provide hardware wallets that support XRP.

Paper wallet: You can use a key generator to create a public and private key, which can then be printed or written down to make a paper wallet. However, this isn’t the safest way to store XRP.

Is Ripple a Good Investment?

Whether or not to invest in XRP is something you will need to decide for yourself, but let’s take a look at some of the things you may want to consider first.

What makes XRP popular is its efficiency. XRP transactions are settled in just 3-5 seconds at an average cost of only $0.0002. The XRP Ledger is scalable, handling more than 1,500 transactions per second, as well as sustainable, being 61,000 times more energy efficient than Proof of Work blockchains.

This makes XRP an ideal currency for sending money around the world quickly and cheaply. It can be used to bridge two currencies for cross-border transactions, being a faster and more affordable alternative to traditional banking and other cryptocurrencies.

It’s easy to use XRP for payments—as one of the most popular cryptocurrencies, XRP is widely available from a great number of crypto platforms. There are also plenty of companies that accept XRP, spanning a range of industries. The affordability of XRP transactions means it is great for making small payments. Indeed, some internet users have turned to XRP for tipping.

Ripple has been established in the crypto space for some time, in one form or another, and has had many accomplished contributors, such as Jed McCaleb, who also co-founded Stellar, and Chris Larsen, who co-founded a number of Silicon Valley technology startups. XRPL technology is open source, however, and many are attracted to the project by its decentralisation.

As there is a finite supply of XRP, it is not subject to devaluation by inflation like fiat currencies. A small amount of XRP is burned during transactions, putting slight downward pressure on its supply. The price of XRP has sometimes surged dramatically in the past, providing impressive returns for investors.

Should I Buy Ripple Now? - Things to Consider Before Buying Ripple

If you are thinking of investing in XRP, there are also some practical considerations to bear in mind. Some of these are discussed below.

Ripple Fees & Regulations

The network fees for using XRP are very low at just $0.0002, making them much more affordable than some other blockchains. If you are buying or selling XRP on a platform, you will likely pay a trading fee. On eToro, for example, this will be 1% plus spread.

You may be charged fees for other activities, like depositing and withdrawing, which could vary depending on the payment method used. Some platforms may also charge overnight, account management, or inactivity fees.

The SEC sued Ripple after claiming that the sale of XRP constituted an unregistered securities offering. This case is yet to reach a conclusion and has led to a number of top crypto exchanges delisting XRP in the US. It is still possible for US citizens to buy XRP on KuCoin , however.

All cryptocurrencies are unregulated in the UK, but UK citizens can buy XRP easily and legally. It is safest to do so on a regulated platform, such as the ones reviewed in this guide. You will need to verify your identity first due to the KYC requirements of regulated platforms.

Ripple Price

XRP price is volatile, like the rest of the cryptocurrency market, and has seen dramatic surges and crashes during its history. Some of these have correlated with the price movement of Bitcoin and the rest of the market.

There are other more specific factors that can affect the price of XRP, such as upgrades and new partnerships. The ongoing SEC lawsuit could also have an impact. If Ripple wins the case, the price of XRP could benefit, while a negative outcome could lead to a fall in price.

Buy and hold investors will be concerned with the fundamental value of Ripple and XRP, believing that it will rise in the future. They may use XRP price predictions to decide whether XRP could be a good long-term investment.

Traders, meanwhile, will be more concerned with the short-term price movement of XRP. They may use news, sentiment, technical analysis, and trading strategies to decide on the best entry and exit points.

Buying Ripple Safely & Securely

If you want to stay safe, you should purchase XRP on a regulated platform. This will mean you’ll need to complete KYC, but it will also mean you’ll get the best security, such as offline storage, encryption, and insurance.

Be wary of any emails you purportedly receive from platforms and check their provenance to avoid scams. You should use strong and unique passwords for all your crypto accounts and change them from time to time.

If you want to store your coins on an exchange, make sure it is a secure and regulated exchange. The safest place to store XRP, however, is in a hardware wallet. Never share your private key with anyone, and keep your seed phrase safe in case you need to recover your wallet.

What other platforms can I buy Ripple on?

XRP is widely available on a number of platforms. Find out about some of the most popular ones below.

Can I Buy Ripple on eToro?

Yes. How to buy Ripple on eToro is a simple process. You can check out the step-by-step instructions further up this page to find out more.

Can I Buy Ripple on Coinbase?

Yes. If you want to know how to buy Ripple on Coinbase, just click on the “Buy / Sell” button on the website, enter an amount, and choose a payment method.

Can I Buy Ripple on Binance?

Yes. If you’re wondering how to buy Ripple on Binance, there are a couple of options. You can use the spot exchange, the P2P platform, or buy simply with a bank transfer or card.

Can I Buy Ripple on Robinhood?

Yes. Here’s how to buy Ripple on Robinhood: sign up, go to the Ripple page, fill in the amount, and confirm the purchase.

Can I Buy Ripple on Trust Wallet?

Yes. How to buy Ripple on Trust Wallet is a straightforward process. Go to Ripple and hit “Buy Ripple”. Then choose an amount and provide your payment details.

Can I Buy Ripple on Crypto.com?

Yes. Here’s how to buy Ripple on Crypto.com: download the app, go to your XRP wallet, fill in the amount, and complete the payment.

Can I Buy Ripple on Uniswap?

No. If you’re wondering how to buy Ripple on Uniswap, it is not possible as Uniswap only supports Ethereum-based tokens.

Can I Buy Ripple on MetaMask?

No. If you’re having trouble working out how to buy Ripple on MetaMask, that’s because the XRP Ledger is not supported by MetaMask.

Final Thoughts

As discussed, there are a number of reasons why you might want to purchase XRP, and if you do, there different options for where to buy it, depending on your priorities and experience.

Based on our research, we’ve concluded that eToro represents the best place to buy XRP. This is because it is a regulated platform with industry-leading security features, free insurance, transparent fees, and innovative social investing features. There’s a step-by-step walkthrough for buying XRP on eToro further up this page.

Frequently Asked Questions

  1. Yes, but the XRP Ledger is an open-source public ledger maintained by the XRP community, including Ripple.
  2. Anyone can be a Ripple validator as long as they have the time, skills, and equipment to set up and maintain a ripple server. Current validators include Ripple, universities, and financial institutions such as banks or payment providers.

  3. No. Any currency can be represented on the XRPL as an issued currency but all XRPL fees are denominated in XRP.
  4. The XRPL is designed to facilitate payments but smart contracts are currently in development on the XRPL. These are self-executing bits of computer code which, once live, will make the XRPL programmable and capable of hosting applications.
  5. The community is also working on bringing sidechains and non-fungible tokens (NFTs) to the XRPL.
  6. You can easily buy XRP on Kraken by creating an account, verifying it, making a deposit, and going to the New Order page.

  7. This is up to you. You may want to buy XRP to make fast and cheap payments, or because you believe XRP will make a good long-term investment.

  8. To buy XRP on KuCoin , you will need to create an account, complete KYC, and buy some BTC or USDT that you can then use to buy XRP.

  9. You will have to use the information on this page to decide for yourself, but the answer may depend somewhat on the outcome of the SEC’s lawsuit.

  10. We believe that eToro is the best site to buy XRP as it is secure, regulated, affordable, and has unique features.

  11. Coinbase represents the easiest way to buy Ripple for beginners, but the buying process is also very straightforward on eToro.

  12. You can buy XRP on any of the platforms linked to on this page. We believe that eToro is the best option.

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