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How And Where To Buy XRP With PayPal

By Chris Morris - Updated 23 August 2023
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With the coronavirus wreaking havoc on the global economy, cryptocurrency has generally performed surprisingly well compared with many traditional safe havens assets like gold and silver.

You may be asking yourself: how do I invest in Ripple XRP? Fortunately, XRP is widely as one of the top cryptocurrencies by market cap and is highly liquid.

While not accepted everywhere, PayPal is a popular method for buying Ripple, offering a combination of convenience and reasonable fees for bulk purchases.

Buy Ripple with PayPal on eToro

eToro is one of the first cryptocurrency providers that allow you to buy using many payment methods as well as other services. The actual process is very simple as well and one of the reasons we do recommend eToro for both beginners and experts.


Step 1: Registration

To get started, you'll need to register with eToro. It is free to sign up and you don't need to deposit right away, which means you can get used to the platform before going live.


Step 2: Deposit

Once you're happy with the platform and ready to buy for real, it is time to deposit some money into your account. Click the deposit button in the bottom left, then choose PayPal. Enter the amount you want to deposit, we'd recommend starting low before adding extra over time.


Step 3: Start Trading

Now your account is live and ready to go, the process is like any other CFD provider, you will need to search for the coin you want to buy, be it bitcoin, ethereum or whatever your preferred choice is. Hit the 'Buy' button and then 'Trade', make sure you understand your risk parameters before you jump in.

Where to buy Ripple with PayPal?

PayPal is one of the world’s most popular payment providers and while it is you can buy XRP with PayPal via cryptocurrency exchanges and brokerage platforms — it is by no means the norm for exchanges.

You cannot buy cryptocurrencies directly with PayPal. The issue is that PayPal transactions are reversible and blockchain transactions are not.

While PayPal is not always accepted as a payment method on exchanges, brokers are far more likely to support it.

This is because you are trading CFDs, not real coins, and the fact that leading global authorities regulate brokers and PayPal alike.

Buying exposure to XRP in this way offers advantages over cryptocurrency exchanges, with typically fewer fees and reduced slippage.

However, if you want to buy XRP and store your coins in a Ripple Wallet, you’ll need to make your purchase on a cryptocurrency exchange.

If you can’t find one that accepts PayPal, you could try buying another digital currencies such as Ethereum (ETH) or Bitcoin (BTC) first and transferring it into XRP.

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Advantages and Disadvantages of Buying Ripple with PayPal


  • More convenient than bank transfers
  • Lower fees than credit and debit cards
  • Usually an easy-to-use interface
  • Purchases are confirmed quickly
  • PayPal is secured with encryption
  • Fine for bulk purchases


  • Generally higher fees than bank transfers
  • Not really suited to repeated purchases
  • Not accepted by many exchanges

Buying Ripple with PayPal Fees

When purchasing Ripple XRP, you will need to decide what your preference is in terms of convenience, speed and cost.

PayPal and competing payment method providers like Skrill and Neteller offer some of the convenience of credit and debit cards with a more reasonable fee structure.

PayPal transactions are almost as fast as credit cards, but bank transfers are still more economical if you will be making repeated transactions.

While there are no PayPal fees for purchases, you will encounter fees using PayPal when receiving payments or sending and receiving money internationally.

Merchants are charged by PayPal for receiving payments so this is often passed on to the customer in the form of convenience fees.

For this reason it is important to check the fee structure of the broker or exchange before you use them.

Is Buying Ripple with PayPal the Best Method

Buying Ripple with PayPal is a method that will suit some buyers but not others. PayPal has advantages over methods like credit cards and debit cards due to being more cost effective.

If it is repeated transactions you are looking for, bank transfers are probably a better option. PayPal is a reasonable option for bulk cryptocurrency purchases as the fees remain the same for larger transactions.

If you wish to own XRP and store your coins in a Ripple wallet, you will need to buy XRP on an exchange or P2P marketplace.

A decent middle of the road option, PayPal and similar payment providers have a decent mix of convenience and speed, with fewer fees than credit cards.

Frequently Asked Questions

Who founded Ripple?
Ripple Labs was founded in 2012 by Chris Larsen and Jed McCaleb.
Why trade XRP through a broker rather than buy on an exchange?
Cryptocurrencies are notoriously volatile. Many traders welcome this volatility and prefer to enter and exit trades rather than holding for the long term. Trading on a cryptocurrency exchange can be expensive with issues like slippage and blockchain fees eating into an investment after repeated trades. Brokerage platforms offer a solution to this problem, offering traders the ability to gain exposure to XRP with fewer fees on a platform more suited to active trading.
Is it easy to buy XRP with PayPal via a broker?
Yes. Buying XRP for trading purposes via a broker is a fast and straightforward process. Just be aware you are exchanging CFDs (contract for difference) and you cannot take possession of the coins.
If I buy XRP on an exchange will I have to store it in a wallet?
Yes. If you buy XRP or any crypto on an exchange, it is always a good idea to get it off the exchange and into a wallet you control. You will need to withdraw your coins to a Ripple wallet or third party wallet that supports XRP.
Is XRP available to buy in most countries?
Yes. For most countries, XRP is legal to buy and use.
Does PayPal charge fees for buying XRP?
PayPal has several fees associated with its financial services but purchase fees are thankfully not applicable. Unfortunately, you cannot buy XRP directly with PayPal, so you will have to go through an exchange or broker. In other words, you may be charged by the cryptocurrency platform for selecting PayPal as payment method.
What risks are associated with buying XRP with PayPal?
There are several risks you will need to consider when setting out to purchase XRP with PayPal.The main risk is in choosing a reputable exchange or broker to complete the transaction. If you are buying Bitcoin on an exchange, then there are risks associated with navigating the platform and safely securing your coins in an XRP wallet. PayPal itself has its own platform risk, being a target of hackers due to the amount of value transferred globally. However, leading edge encryption is employed to secure this value.
How has XRP performed this year?
At time of press, XRP is down 9% since the beginning of the year with an uptrend in price seen since last July. Many pundits are expecting XRP to continue its bullish momentum, with the US dollar apparently on the decline.
Is it easier to buy Ripple XRP on an exchange or through a broker?
Brokers typically have simpler interfaces than cryptocurrency exchanges as they don’t host the coins themselves. If you aren’t confident navigating a cryptocurrency exchange, brokers are a good option for gaining some exposure without having to create a wallet. Fortunately, most brokers and exchanges have a support team to help out.
What does the future hold for XRP?
Ripple has the bold vision of becoming the default standard for payments worldwide. A kind of Amazon but for global remittance. XRP is one of the fastest and lowest cost cryptocurrencies aided by Ripple’s partnership with several leading financial institutions that have joined its RippleNET payment network. Transferring XRP globally currently represents a step change from traditional global remittance that is slow and expensive. XRP is not without competition from players like Stellar Lumens (XLM), but appears to have an advantage in terms of partners for now.
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