How to buy Ripple (XRP) with PayPal in 2022

By: James Knight

James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.

Updated: Mar 28, 2022

This how-to guide will walk you through the pros and cons of buying Ripple (XRP) with PayPal, and the best brokers and exchanges available to help you make your purchase.

Can you buy XRP with PayPal?

Yes, you can, if you sign up to a platform that lets you deposit money from PayPal. It’s not currently possible to buy XRP through PayPal itself, as PayPal only offers four cryptocurrencies at the moment and XRP isn’t one of them.

Using PayPal as a payment method is relatively simple and is just like depositing money into the account via a bank transfer or card payment. 

Where can you buy XRP using PayPal?

The brokers below offer XRP and accept PayPal deposits. Sign up to one of the platforms by following the links and then make sure to choose PayPal as your payment method when it comes to adding funds.

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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

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How to buy XRP with PayPal – a step-by-step guide

It’s simple to use money from your PayPal account to buy a popular cryptocurrency like XRP. Follow the steps below and you can be ready to trade in just a few minutes.

1. Create a PayPal account. If you don’t already have one, you need to set up your own PayPal account and link it to your bank account or card. It’s very easy to do this, just be prepared to complete a few verification steps, such as providing your phone number, and make sure you have your bank details to hand.
2. Find a broker and sign up. Choose a quality broker that accepts PayPal and lets you buy XRP. Signing up is normally as simple as entering your contact details and providing a form of photo ID.
3. Deposit money from PayPal. Sign in to your broker account and go to the bank or wallet link. Choose how much money you want to deposit and choose PayPal as the payment method. Then it’s simply a case of signing into PayPal when it prompts you to confirm the transaction and the money will show up in your account. 
4. Search for the coin you want to buy. Look for Ripple by searching for its symbol, XRP. Then click ‘buy’ to open up the trade screen, where you can decide how much you want to buy and set any future limits, such as ‘stop-losses’, which are automatic trades that fire as soon as the price hits a certain level.
5. Execute the trade. Once you’re happy with all the details, hit ‘buy’ again to execute the trade. It’s important to check back regularly to see how the price is doing so that you can either buy more or sell your coins at the right moment.

Top platforms that accept PayPal

Right now, there aren’t many services that let you deposit money with PayPal and buy XRP. Platforms like Coinbase only allow this in the US, while eToro recently removed the option to use PayPal (but does still accept other online wallets). Below is a look at the best platforms that accept PayPal right now.

Use PayPal with Binance

Binance is the most popular exchange platform in the world and its range of coins and swaps makes it the perfect place to buy XRP. It lets you deposit money from your PayPal account and then there are hundreds of coins available to buy.

All you need to do is to add PayPal as a payment method and choose your deposit amount. The fees are relatively small, between 1-2%, depending on the amount. To withdraw back to PayPal you have to complete an extra layer of verification, which just means providing some more identification, like a copy of your passport or proof of address.

In total there are more than 60 payment methods available on Binance, so you can deposit and withdraw to virtually any bank account or online wallet. That, combined with the range of cryptocurrencies on offer makes it by far the best platform available now.

Sign up with Binance >

Use PayPal with Coinbase (US only)

Users in the United States can use PayPal to deposit money into a Coinbase account and buy XRP from there. There are some limits, such as a $1,000 limit on deposits and purchases within a 24 hour period, but otherwise Coinbase is a great choice for PayPal users in the US.

Outside of the US, the limits are far more strict. Users in the UK and EU can withdraw money to PayPal but can’t deposit or use it for any transactions; Canadian users can sell cryptocurrency on Coinbase but can’t use PayPal for anything else.

For those of you who can use it, Coinbase offers a range of cryptocurrencies and a simple user experience along with a regulated platform. You can be confident in any transaction you make on Coinbase because it is one of the most regulated crypto brokers as part of its stock market listing.

Sign up with Coinbase >

Use PayPal with eToro (non US/UK users)

eToro is the best broker for beginners or anyone who wants to find the simplest way to buy XRP. Signing up is easy, you can deposit money from a variety of payment methods, including PayPal in some locations (but not the US or UK), and both the website and app are intuitive to use.

One of the biggest plus points to eToro is the fact you can see other people’s trades and advice for any asset you search for. Simply by searching for XRP/EUR or XRP/GBP you can find the latest technical analysis and see how other people are trading the coin. That can then form part of your research.

Another reason to like eToro for XRP is that it allows you to own the coin itself. That is not always the case for cryptocurrencies and owning the coin outright gives you far more control and flexibility in terms of how you store and use the money.

Sign up for eToro >

Should I use PayPal to buy XRP?

PayPal is a great way to buy XRP if you can find a broker that accepts it. It’s easy to set up an account with little more than an email address and you can transfer money around easily without worrying too much about fees. It can also be a good way to keep track of your crypto transactions all in one place.

The biggest challenge is the lack of platforms that let you deposit money via PayPal, as well as the fact that the PayPal crypto exchange doesn’t let you buy XRP yet. Both of these things may change in the future and so it might be an even better option in a few months time.

What are the fees for buying XRP with PayPal?

It varies between platforms; some brokers offer completely free trading, others may charge a percentage of the trade value as a fee. Even for free brokers, there might be a ‘hidden’ charge in the difference between the buy and sell price of a coin (known as a spread). The larger this gap, the more of a cut the broker is taking.

Why don’t more brokers or exchanges support PayPal?

PayPal can be an expensive method for merchants to use and so many platforms have turned to competitors who charge less per transaction. The likes of Skrill, Neteller, and Payoneer have become popular alternatives in the US and Europe.

Alternative payment methods

There are lots of different ways to buy XRP if your broker doesn’t accept PayPal deposits. You can buy Ripple with a debit or credit card, or via a bank transfer, for example. Or you can use one of the payment methods listed above; Skrill, Neteller, and Payoneer. 

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