It goes without saying that the cryptocurrency market is more competitive than it ever was. There are so many it can be very difficult to know the values and which ones are worth investing in. Today we will talk about where to buy XRP and go into detail regarding this cryptocurrency and its attributes.
The XRP is an asset of Ripple, and even though it is not as powerful as some powerhouses in this branch, like Bitcoin, Tether, or Binance coin, it is up and coming since it has a huge market cap.
Being such an entity, many people are looking to buy it, so today, we will point you to the right places to do so. We have a lot to cover, so let’s begin.
List of Best Exchanges Where You Can Buy XRP
Binance is considered one of the go-to places to seek when you want to invest in cryptocurrency, and as such, it offers you an opportunity to buy XRP too. You can also purchase other digital assets and offer them for trade on this platform.
It is important to note that this exchange is compatible with a wide variety of devices, and you can get it on iOS App Store, Google Play Store, and Android APK. The easiest way to access the Binance app is to simply scan the QR code, which you can find on their official website.
One of the top reasons why so many people opt to buy XRP on this platform is the low fees, so if you are a beginner investor in cryptocurrency, Binance is definitely a great choice. You can also invest some cash in Binance Coin as well, and the more you invest, the higher you will get on the VIP ladder, which will provide you with discounts for other cryptocurrencies as well.
If you want to purchase cryptocurrency in a straightforward fashion and completely hassle-free, Kraken is a great platform for you. The thing that separates Kraken from the rest of the similar platforms is that it is highly inclusive and allows its members to invest as low as 10 USD, which is great for beginner investors.
Simply register by entering your info, including name, date of birth, country, and phone number, and you will be all set to start your investment journey. Another important fact regarding this platform is that it is completely legal (same as the rest we are listing today) and that it is regulated by The Financial Crimes Enforcement Network.
It is truly a diverse exchange where you can browse for various cryptocurrencies, XRP included. You will also get access to charting tools, leveraged trading, and advanced order type, which are all the services a wise investor should look for. Reliable and safe, this is a great platform to opt for.
Investors in the United States and the United Kingdom often turn to Uphold as the main platform for purchasing cryptocurrencies, and for plenty of great reasons at that. Uphold is founded by an experienced group of people that constantly brings innovations and strives towards meeting all the needs of their users.
Their platform is also available for both mobile and desktop/laptop users, and we cannot give enough praise for their mobile app as it is highly intuitive and user-friendly. The interface is completely customizable, and you can easily get access to the assets you are interested in the most.
The platform also allows you to trade super-easy, and everything you require is just a couple of clicks away. However, it is not completely flawless, as the residents of Germany and the Netherlands are prohibited from using this platform. Other than that, it is a highly stable app for all users and a great choice for both beginners and pros alike.
Huobi is an exchange based in the United States, and it is one of the best choices for beginners that want to get their feet wet in the cryptocurrency investment world. Buying XRP on this platform is fairly simple, and the fees are pretty affordable, so anyone can join and begin exchanging.
However, Huobi is not for beginners only since you can trade a wide variety of digital assets and do so using an on-the-spot market. Alongside this, you can get access to different services such as mining and locking.
There are plenty of tools that will make your user experience more than enjoyable, and the registration process is also very easy, so even the users without some special know-how about technology can do it in a couple of easy steps.
Bitstamp is a trustworthy exchange platform that has been earning its reputation ever since 2011. More than four million users worldwide gave their trust in Bitstamp, which is one of the biggest selling points you should think about when browsing for a reliable and safe way to invest.
This is a diverse and versatile platform that allows you to trade over 50 different cryptocurrencies, while you can do it in one of the safest environments you could ask for. Fees are also rather low, currently standing at 0.5 percent for every trade you make. If you are a pro in the exchange world, you know this fee is more than reasonable.
You can also purchase cryptocurrencies using your credit or debit cards, which makes everything much more accessible. However, this is not a flawless system, as you will be charged a 5 percent transaction fee, so make sure to weigh the advantages and disadvantages of this system before proceeding.
If safety is one of your primary concerns when investing in cryptocurrencies, then eToro should be one of the first platforms you should visit. It is one of the oldest exchanges, dating back to 2007, and with its history of quality years of service, it has earned the trust of over 20 million users across the globe.
It is, without a shadow of a doubt, the safest way to trade as it is regulated by the United States Securities and Exchange Commission (SEC). Aside from the safety factor, eToro puts a huge emphasis on user-friendliness since their website is straightforward to navigate, and registering an account has never been easier.
In case you are a United States citizen depositing funds in dollars, you will be free of any transaction fees, regardless of the payment method you opt for (this is the case only if the platform supports the payment method). The minimum deposit stands at 10 USD, so beginners are very much welcome to give eToro a go.
7. Ku Coin
Looking for a diverse exchange that offers multifarious cryptocurrencies and crypto assets? Ku Coin is exactly what you need. It is also compatible with a wide variety of high-visibility stablecoins, and the fees on this platform are accessible for different budgets for everyone around the world.
The safety of Ku Coin is also one of the best selling points of the platform, and you can choose between three types of orders – Limit, Market, and Stop Market. The app is available in 13 languages, which is one of the main reasons it reaches millions of customers in over 200 countries.
Description: It offers a wide range of trading pairs, including Bitcoin, Ethereum, Litecoin, and many other altcoins. The platform is known for its user-friendly interface, low trading fees, and fast transaction speeds.
You also have an offer of over 600 cryptocurrencies to buy here, including top-of-the-line ones such as Bitcoin, Dogecoin, Ethereum, Polkadot, and, of course, XRP. Fees are also rather marginal, but it all depends on your tier level, so you can actually work your way up as a user to get to even lesser expenses. Customer support also does a terrific job, but similar to most exchanges, you cannot contact them directly over the phone or by mail.
Debit card transactions for cryptocurrencies on most websites can be pretty high, which is something that can repel some people from investing in the first place. However, Crypto.com offers a standard fee for debit card users that stands at 2.99 percent, which is lower than most platforms will offer.
This is a great piece of news for everyone since a debit card is one of the fastest ways to proceed with your payments. The app is available for both Android and iOS users, although most users prefer to do their transactions over the official website. We should also mention that throughout the “trial” period, or the first 30 days after your account creation, the fee for debit cards is waivered, which is a nice touch.
Aside from XRP, this platform offers a wide range of different cryptocurrencies to exchange or invest in. You will also have access to different tools that will make your whole user experience more enjoyable and accessible. Generally speaking, this is one of the most reliable platforms you can go for, safety-wise and cost-wise, so consider it when browsing for a good place for your online investments.
If you are about to make a serious investment in XRP, Bitfinex is one of the go-to platforms. With its minimum deposit of 10.000 USD, it mainly attracts serious investors and traders that are looking for reliability, stability, and fair fees.
This is a Hong Kong-based exchange that offers various products and services for its users, where you can get a great price for XRP. You will also be able to access over-the-counter crypto purchasing options, as well as the ability for paper trading.
Description: The exchange offers more advanced features compared to other cryptocurrency exchanges, making it an attractive option for those seeking advanced trading tools. However, it's important to note that Bitfinex doesn't accept customers from the US.
The account creation process is pretty straightforward same as with most platforms of this type, and it is a requirement to make any type of deposit. Fees stand at 0.100 percent maker fee and 0.200 percent taker fee. The community on this platform is vast and diverse, so if you have any questions regarding how everything works, you can contact them or customer support, which is very responsive.
Pancakeswap is an exchange that offers lower fees than most of its competitors. It is reliable and safe, but it does come with a downside that might be a dealbreaker for some investors and traders – it only supports tokens from the Binance Smart chain, and you will not be able to use any mobile app to navigate this platform.
Aside from XRP, once you register, you will have the ability to trade various cryptocurrencies and assets. Everything is just a click away, and considering the fact that the website is very easy to use, you will get the hang of it in no time. Being a responsible user of this platform also delivers nice rewards, as the developers of the website offer gifts for anyone that finds and reports security issues on the platform.
Some countries like Iran, Iraq, Cuba, North Korea, Sudan, Syria, and Belarus do not have access to this platform, which is mostly due to the sanctions from the United States. Trading fees stand at a generous 0.25 percent, while the minimum trade amount stands at 1 USD.
Key Facts You Need to Know About XRP
XRP, commonly known as Ripple among investors, is an open-source digital asset that has been growing in popularity over the course of years, mainly for its efficiency, reliability, and fast delivery.
Another reason why XRP gained so much popularity across the globe is the fact that it is a faster, cheaper, and more energy-efficient digital asset that can be processed within seconds while also consuming less energy than a vast number of its counterparts. To this day, only about 40 percent of XRP tokens are in circulation.
How Can I Use Ripple and XRP?
Ripple and XRP find their use, in the same way any other digital currency does, and you can use them for completing transactions or making investments, small or large. Ripple network is also great for other uses, such as processing a wide variety of transactions and exchanging other types of currencies.
For instance, if you are looking to swap any currency, like British Pounds, for Euros, you can change Pounds into XRP and buy Euros with it. This is a fast and efficient system, as you do not have to go through the whole process directly in the bank or exchange office. This is also a cheaper way to swap your money, as you do not have to pay the high fees the banks and exchange offices usually require.
How to Buy XRP?
Once you decide that you are ready to make the investment and buy crypto, you need to take into account a lot of factors that come into play. Purchasing some types of cryptocurrencies can be a challenging endeavor, and XRP is among those currencies.
This is due to the fact that XRP is currently not supported by some exchanges’ ecosystems. However, getting this crypto is not an impossible task, and in the exchanges that support it, buying XRP is pretty straightforward. Here is how to do it.
1. Find the Platform on Which You Want to Buy It
The first thing you need to figure out is the platform on which you want to purchase your XRP. We have listed ten excellent platforms that will do the job for this purpose, so make sure to check them all out before making the ultimate decision, especially because spending money on crypto can be a significant investment.
2. Register an Account on the Platform of Your Choosing
Most exchange platforms for cryptocurrencies work in a similar way. The general rule of thumb is to register a free account first and set up your account. Spend some time browsing the platform and figuring out how everything works to get a bit familiar with the interface and functions the given platform provides.
3. Find XRP and Choose the Payment Method for This Asset
Once you are done with setting up your account and filling in all the necessary information, the platform requires you to activate it; it is time to find XRP. Once you locate the market and find a suitable price for your XRP, you will need to decide on which method you will use to buy it.
In case you are a brand-new user of the platform, the easiest payment method would be via credit card and debit card. Most platforms support both Visa and MasterCard. You can also use a bank deposit, and you can pay this way by transferring fiat currency from your bank account to the platform you are using and then using that amount to buy your XRP.
4. Third-Party Payment
When it comes to third-party payment methods, you have a wide variety of options. Before you opt for any method of this sort, make sure to check whether or not your country or region supports this system to avoid any type of inconvenience.
Advantages and Disadvantages of XRP
Although XRP is an up-and-coming digital currency that offers exceptional potential that future investors have to look forward to, it is not flawless, and it does come with certain drawbacks to it. In order to help you make a more educated choice, we singled out some of the main pros and cons that come with XRP in the section below.
- Transactions are faster than with most competitive digital assets
- Transaction fees are reasonable
- The XRP Ledger is decentralized
- Instant cross-border payment settlement
- More scalable than Bitcoin
- Large pre-mined supply
- There was an SEC action against XRP in 2020
Frequently Asked Questions
1. How Can I Buy XRP?
XRP is a digital asset that is available to buy from most crypto exchanges. In the section above, we have listed some of the most reliable platforms you can make this purchase.
2. What is the potential value for XRP in 2023?
When we took various technical analyses of XRP prices in the past and estimated prices for 2023, it is expected for minimal cost to be 0.559944 USD, while the maximum estimated value is expected to be around 0.579942 USD.
3. Where can I get XRP in higher volumes?
The platform on which you can get the highest volume XRP is currently Binance. This platform is also considered one of the most reliable exchanges nowadays due to its safety, accessibility, speed, and user-friendliness.
4. What major banks in the United States use XRP?
More and more major banks across the globe use Ripple as a transaction platform, which is another testament to how a larger institutional market adopts cryptocurrencies. One of the best-known banks that adopted this system are Santander and Bank of America, although you will find various major institutions that are slowly but surely becoming part of this system.
5. Who controls XRP?
XRP is a cryptocurrency that stands behind Ripple company. This digital currency runs on a digital payment platform called RippleNet.
6. Why should I invest in XRP?
Even though XRP is not as valuable as some major cryptocurrencies like Bitcoin, it has a huge market cap and tons of potential for future investors.
7. What is the best way to store XRP?
Storing XRP is a pretty straightforward task, and it works similarly to most digital currencies. You can simply store them in hot or cold wallets. However, hot wallets are not recommended for investors and traders that want to hold their XRP coins for longer periods, as they are more susceptible to fraud and hacking.
The Bottom Line
However, you should bear in mind that any type of investment in digital currencies holds risks to it, and there is no perfect system to go for.
Nevertheless, XRP is graded as one of the smart investments by many traders across the globe, but if you want to make an investment in this digital asset, make sure to do thorough research. On the plus side, if you do decide to put some money into XRP, you can use any of the platforms we have listed in today’s article, as they are among the most reliable out there.
If you are into crypto mining, check out our article about GPU temperatures in idle and working states, which might come in handy for this particular purpose.