How to buy Ripple’s XRP online

Ripple is a payment system that could one day rival Visa, and XRP is the platform's native token. Find out the difference between Ripple and XRP, how Ripple works, and where to buy XRP.

This page walks you through everything you need to know about Ripple and XRP tokens. We explore Ripple’s history, the investment prospects of Ripple and XRP tokens, how to buy Ripple and the best places to buy Ripple.

Compare where to buy XRP, and open an account

If you are already know how to invest in Ripple and want to do so now, follow one of the links below to a trusted broker and get started. If you need more background information about cryptocurrency, check out our introductory guide. For more on Ripple and XRP, scroll down.

eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Min Deposit
$200
United States
Start Trading View key features
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Top Coins
  • BTC
  • BCH
  • XRP
  • ETH
  • ETC
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
CEX.IO
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Top Coins
  • BTC
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Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
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  • ADX
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Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
LonghornFX
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Min Deposit
$10
United States
Start Trading View key features
Key Features
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Top Coins
  • BTC
  • BCH
  • ETC
  • ETH
  • NEO
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

What is Ripple?

Ripple operates a peer-to-peer payment platform called RippleNet that uses XRP as its in-house token. RippleNet enables secure and instant global transactions across any form of currency. Popular amongst businesses and individuals, RippleNet uses the XRP ledger, a form of blockchain. XRP is the platform’s ‘bridge’ cryptocurrency that allows two currencies to be exchanged; the name of the company’s token is not Ripple as some believe.

RippleNet aims to solve the legacy issues of fragmented and slow banking systems. Around 1,500 transactions can be processed per second, which is faster than both Bitcoin and Ethereum, and many feel that Ripple could eventually scale to the same speeds as the Visa payment system.

Ryan Fugger conceived Ripple in 2004, and his goal was to create a system where individuals and communities could create their own money. The platform was known as RipplePay, but in 2012, Fugger handed over control to Chris Larsen and Jed McCaleb who formed a company called OpenCoin. Now based in San Fransisco, Ripple has not been without its share of controversies and is facing a lawsuit.

How does Ripple work?

Ripple uses XRP as a liquidity source and bridge currency to enable simple and instant global transactions. The platform uses a consensus mechanism to validate account balances and transactions similar to Bitcoin mining. However, XRP transactions are much faster at 3 seconds or less. Ripple sells its services to financial institutions and banks, and by making its services almost free for users, it appears well-positioned to rival international money transfer systems like SWIFT.

Bitcoin mining is part of what is called a proof of work (POW) consensus algorithm, whereas Ripple uses the Ripple Protocol Consensus Algorithm (RPCA) to make things tick. There is some debate as to whether RippleNet is centralised, and this is because the founding team holds and controls the majority of XRP in circulation. Some cryptocurrency commentators feel this makes them a central governing authority, which goes against what cryptocurrencies are supposed to stand for. Others feel this gives RippleNet more stability.

How to buy XRP online – step-by-step guide

Step 1. Find an exchange to buy XRP (Ripple)

If you want to know where to buy XRP tokens, online cryptocurrency exchanges are a good option. Aside from the platforms at the top of this page, we have reviewed many of the top cryptocurrency exchanges. Not every exchange supports XRP, but two spring to mind immediately:

  • ChangeNOW: Registered in Seychelles, ChangeNOW is a crypto exchange that offers instant trading of nearly 200 crypto coins, including XRP. If you are considering where to buy Ripple, this could be the solution. Find out what ChangeNOW can do for you by opening an account today >

Step 2. Sign up and fund your account

Once you have chosen an exchange, you will usually need to sign up and pass an identity verification test. You can submit a copy of your photo ID, and this whole process should not take long.

Most exchanges will allow you to buy XRP with a fiat currency such as USD, GBP, and EUR, but you can also pay in cryptocurrency. For example, you could buy some Bitcoin from an exchange like Switchere and transfer them into your account.

Step 3. Buy XRP

Once your exchange account has been registered and funded, you can exchange the funds in your account for XRP. If you have GBP in your account, look at the XRP/GBP pair, or if you have Bitcoin in your account, find the XRP/BTC pair. You can now buy XRP.

Step 4. (Optional) Get a suitable wallet

You should only consider getting an XRP wallet if you plan on holding onto your tokens securely for a long period of time. Otherwise, you can store them in your crypto exchange account without the need for additional transfers. XRP wallets work like Bitcoin wallets: transfer your XRP into them for added security and peace of mind. Below, you can see two of the best wallets for XRP. One is a hardware wallet that functions similarly to a Bitcoin hardware wallet, and one is an online wallet.

  • Ledger Nano S: Founded by the Ledger company in 2014, the Ledger Nano S is a compact USB stick with a tiny LCD screen. It provides high levels of security via offline XRP storage. Many view Ledger as the original hardware wallet. See if Ledger Nano S is the right wallet for you by visiting the Ledger website today >
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

How to trade XRP (Ripple) – a step-by-step guide

Step 1. Find a broker

If you want to trade Ripple effectively, this will require you to open and close positions quickly based on market fluctuations, and crypto brokers allow you to do this. You can also use CFD brokers to gain exposure to the market performance of Ripple without owning the coins outright. Pick a broker from the top of the page to access one of our recommended partners’ services and create an account today.

Step 2. Deposit money

To trade Ripple, you can almost always deposit fiat money to make your trades with. In addition, many platforms will let you buy Ripple using PayPal due to its international availability, or you can just stick with a bank transfer or debit card. Simply verify your account and load funds from your desired source.

Step 3. Decide how you’d like to trade

Before you trade XRP familiarise yourself with the basics of technical trading. These basics will be key if you want to succeed. A great technical trading strategy is diligent and logical.

Two trading methods of note are CFDs or spread betting, and both methods allow you to speculate on short-term market movement. For more detail on this, check out our lesson on how to trade cryptocurrency.

Step 4. Start trading 

For complete novices, a demo account is advisable because it allows you to learn the ropes before risking your own money. This is especially relevant for a new and innovative cryptocurrency like XRP because increased volatility is likely. As an XRP trader, use technical indicators to make predictions. Just like a stock, if you believe Ripple will fall in value, take a short position. If you think it will rise in value, go long. Make sure you take your time before you settle on a specific strategy.

Another option when trading with XRP is using leverage. This means gaining greater exposure to the price of XRP than the XRP you have purchased outright. Whilst this means you can achieve greater returns than would have been possible without leverage, there are potential drawbacks. If the markets move against you, your losses will increase proportionally to the amount of leverage you used. Therefore, we strongly advise against inexperienced XRP traders using leverage; losses can quickly spiral out of control if you don’t know what you are doing.

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Still undecided?

Pros

  • Ripple is an impressive system with very fast transaction times
  • Ripple is now partnered with over 200 banks
  • Ripple’s minimal transaction costs should save banks a lot of money
  • The use of Ripple isn’t just limited to banks; regular people can use it too, driving its adoption

Cons

  • Ripple is a volatile short-term investment prospect, much like cryptocurrencies in general
  • Ripple faces competition to become the leading blockchain partner for banks
  • The SEC (US Securities and Exchange Commission) may eventually regard XRP as a security.

If you still aren’t sure, here are three more things to consider before you decide to invest in Ripple.

1. Is now a good time to buy XRP?

This depends on your own investment thesis. Do you want to hold onto XRP for the long-term or trade it in the short-term? Long-term investing in Ripple could be profitable if RippleNet can continue to be successful and mitigate the potential impacts of lawsuits. As more banks become partnered with Ripple and more regular users get involved, the price of XRP is likely to increase.

As far as short-term trading XRP, the future success of Ripple and RippleNet is not massively important. You need to pay close attention to technical indicators and price charts to spot patterns in XRP that could inform profitable decisions. As the market fluctuates, an opportunity could arise for you to buy XRP low and sell XRP high.

Invezz covers all the latest cryptocurrency news, and we also analyse the performance of XRP and how this relates to you. Check out our most recent analyses of Ripple and XRP in the articles below:

Ripple (XRP) price is recovering after it collapsed amid the U.S. Securities and Exchange Commission (SEC) filed a complaint against Ripple.  Fundamental analysis: SEC lawsuit official The SEC believes that XRP is a security and not a currency and that it should have been registered as one with the…
Ripple (XRP) price has continued to trade lower in the recent days with the price action now dipping below the key bull/bear line at $0.50.  Fundamental analysis: Co-founder of Ripple dumped $86.8 million in XRP on the open market this month Jed McCaleb, co-founder of Ripple and Stellar has…
Ripple (XRP) price fell to $0.50, the key short-term support line, today before buyers have emerged to buy the digital asset at a compelling valuation. Fundamental analysis:  Ripple users impatiently await the airdrop after Coinbase announces support The airdrop, which is scheduled to take place on December 12, will…

2. What problem does Ripple solve, and what are its investment prospects?

Ripple allows users to transfer currencies and cryptocurrencies almost instantly and with extremely low fees. It aims to solve the legacy issues associated with banking systems by creating a cleaner, better-organised interface that is more secure and able to process transactions faster than other blockchains.

Looking towards the future, Ripple could cement its position as the leading blockchain partner for banks, and this would likely increase Ripple’s and XRP’s adoption amongst the general public. However, the management team needs to successfully mitigate the impacts of the lawsuits it is facing and emerge from the other side undamaged.

Check out the most recent news about Ripple and XRP to stay in the loop:

Ripple is on a hiring spree at the moment, as the company hopes to expand its institutional liquidity across Asia. Ripple revealed that it wants to hire a manager for the institutional market. According to Ripple, the candidate will play a major role as the firm hopes to expand…
SBI VC Trade, the crypto arm of SBI Holdings, a leading Japanese conglomerate, has expanded its crypto lending service by adding XRP. The company unveiled this news on February 4 through an official announcement, noting that this service will offer XRP holders a chance to earn…
Gene Klein, professionally known as Gene Simmons, has just expanded his crypto investment. Simmons, a rock and roll legend that acts as Kiss’ frontman, unveiled this news through a tweet on February 1. In his tweet, the star noted that he had purchased…

3. Do you want to hold XRP for the long term?

There are different pros and cons for both short-term investment and long-term in investment in XRP, and they are outlined below.

Considerations for a long term investment strategy

If you believe Ripple’s business has inherent value and you anticipate future growth, you can sign up for a reputable crypto exchange and purchase XRP tokens today. If you plan on holding onto them for an extended period of time, consider opening a personal wallet to better protect your crypto assets. Fundamental analysis will be the key to unlocking value when investing in XRP for the long term.

Considerations for a short term trading strategy

If trading XRP for accelerated profits is your preferred strategy, focus on familiarising yourself with technical analysis and indicators. When you’re ready to trade Ripple, sign up to a broker with a good reputation and low trading fees. This will allow you to execute your trades quickly and better react to market fluctuations.

Written by: Charlie Hancox
Charlie joined the Invezz team in 2021. He previously worked in the mining and natural resources sector, providing in-depth analysis and incisive journalism. Charlie's experience with financial markets and investment reinforces a growing team.