How & where to buy Ripple (XRP) online

Ripple is a payment system that aims to rival Visa, and XRP is the platform's native token. Find out how and where to buy Ripple (XRP) and compare the top crypto exchanges to use.
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Updated: Jun 28, 2022
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This page walks you through everything you need to know about Ripple. We explore Ripple’s history, the investment prospects of XRP tokens, and we provide a detailed, step-by-step guide explaining how to buy and sell XRP online.

What are the best exchanges to buy XRP on?

If you are looking for the best place to buy XRP in the UK or elsewhere, we can help. Simply follow one of the links below to a trusted online broker that supports Ripple to get started. If you need more background information about cryptocurrency first, check out our introductory guide. For more on Ripple and XRP, scroll down this page.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
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.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
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Description:
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
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Full regulations list:

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

Step 1. Find an exchange

Cryptocurrency exchanges are effectively online marketplaces for crypto tokens, and almost all of them support Ripple’s XRP digital asset. Aside from the platforms at the top of this page, we have reviewed many of the top cryptocurrency exchanges. Not every exchange supports XRP, though 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. Find out if ChangeNOW is the platform for you by opening an account today >
  • BitMEX: Launched in 2014 by HDR Global Trading and with 540,000 daily users, BitMEX is an established cryptocurrency exchange with a strong interface, and it supports XRP. Opening a BitMEX account >

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 fund your account with a fiat currency such as USD, GBP, and EUR, but you can also pay in cryptocurrency. For example, you could purchase some Bitcoin from an exchange like Switchere and transfer them into your account.

Step 3. Purchase

Once your exchange account has been registered and funded, you can exchange the funds in your account for XRP. Simply find the XRP/GBP pair, or if you have Bitcoin in your account, search for the XRP/BTC pair. Then, you can lock in your trade.

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, and you can 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 >
  • Infinito Wallet: Providing a good solution for online XRP storage, Infinito Wallet is a popular crypto wallet that supports over 2,000 coins and tokens and employs over 20 blockchain experts. Get started and create a secure Infinito Wallet >
1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

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

Step 1. Find a broker

If you want to trade effectively, this requires 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

With crypto brokers, you can deposit fiat money or a cryptocurrency like Bitcoin to make your trades with. In addition, many platforms support PayPal as a payment method, 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, 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 details 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, so exercise caution.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
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.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

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

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 purchase Ripple?

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 make a profit.

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:

The cryptocurrency market is advancing this Friday, and this situation also supports the price of Ripple, Bitcoin Cash, and Stellar. Bitcoin is trading above the $57,000 level, and for now, everything indicates that the price could advance again above $60,000 resistance. The cryptocurrency market continues to attract institutional investors, and…
Ripple (XRP) price has moved about 100% higher in the past few days to surpass the $1 mark for the first time in over 3 years.  Fundamental analysis: Ripple could continue without XRP Ripple CEO Brad Garlinghouse said Ripple could continue operating without XRP if necessary. Garlinghouse argued that…
Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments…

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:

May has been a negative month for the cryptocurrency market so far, Bitcoin is trading below $30000, and the risk of further decline is not over. This situation also negatively influences Ethereum ETH/USD, Ripple XRP/USD, and Litecoin LTC/USD. The entire crypto market currently stands at $1.26 trillion…

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 should consider signing up to a reputable crypto exchange, and you can also open a wallet to store your XRP securely for the long term. See our top picks for the best crypto wallets.

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 allows you to execute your trades quickly and better react to market fluctuations.


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 >

Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.