Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
Ways to invest in XRP
If you want to buy XRP tokens outright, you are going to need an account with a crypto broker or exchange. While these two options vary based on their fee structure and service provision, you can buy, sell and trade XRP through either of them.
If you want to invest in XRP but don’t want to buy coins outright, then consider a different method. This includes a mutual fund or even an ETF that offers exposure to the price of Ripple’s XRP token. These options are explained below, and links are provided to help supplement this information.
What is XRP?
Ripple is a company that was created back in 2004. It operates a peer-to-peer payment platform called RippleNet, which uses XRP as its in-house payment token. RippleNet allows secure and fast global transactions to take place, and it is popular amongst both businesses and individuals. Just to reiterate, the name of the company’s native token is not Ripple, it is XRP, and this has been a common misconception.
To learn more about the crypto space in general before starting your XRP investing journey, check out our Bitcoin 101 course. Alternatively, keep reading to learn about the different Ripple investment methods.
How to invest in XRP
As previously mentioned, there are numerous ways to invest in XRP. To aid your understanding, we have listed the top options below and provided links where appropriate to explanatory information.
- XRP brokers. If buying XRP quickly and directly is your main aim, signing up to a broker could be the best choice. Brokers are reliable platforms where you can buy cryptos with a fiat currency of your choice and execute transactions instantly, usually with low (or even no) fees. Make sure you choose a broker that supports XRP, else you will not be able to access it.
- XRP exchanges. Usually with even lower fees than brokers, exchanges are effectively marketplaces for many different cryptocurrencies. You can buy, sell and trade coins with other users from around the world, and transactions occur instantly. Exchanges generally support more cryptos than brokers because they are more specialised
- XRP ETFs. At present, there are few if any ETFs that offer exposure to the price of XRP. When this changes, this page is set to be updated in due course. If you don’t already know, ETFs trade on stock exchanges and they are a group of individual cryptocurrencies, stocks and/or other assets that are generally within the same industry. An XRP ETF would likely contain other crypto payment tokens.
- XRP funds. Plenty of large institutional funds have become interested in cryptocurrencies in the wake of Bitcoin’s success. However, it remains to be seen exactly how much attention they are allocating to XRP. Be sure to note that there are major barriers to entry for regular investors, mainly because large funds require significant capital from each investor.
- XRP mutual funds. These are far more accessible to retail investors because they don’t have such high barriers to entry. They work by forming a pool of capital from you and other investors, and this is then invested by a fund manager into a diverse portfolio of assets. With a fund manager in control, you are much less reliant on your own expertise.
- XRP trusts. They trade like stocks, and owning XRP through a trust could be a good way to invest. However, fees are often high, and there are very few trusts that currently offer XRP.
- XRP debit cards. To spend XRP on regular purchases, get a crypto debit card. They store your XRP coins and instantly exchange them for fiat currency whenever you are making a payment. This means you can involve XRP in your daily routine, though be warned: fees for this service are currently very high.
- XRP apps. To invest in XRP portably, you can use many different crypto apps. The majority of online brokers now gave an associated app, so you can control your entire investment portfolio on the move from a mobile or other handheld device.
- XRP wallets. If you intend to buy XRP tokens to speculate on long-term price accretion, storing them in a wallet is a good idea. They help you protect your funds from fraud and loss, and they are fairly inexpensive.
Where can I buy XRP now?
Latest XRP price analysis
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >