In page navigation
- 1. How & where to buy XRP (Ripple) online
- 2. How to buy XRP instantly in 3 simple steps
- 3. Where to buy XRP easily
- 4. Best exchanges to buy XRP (Ripple), reviewed
- 5. How to trade XRP
- 6. What is the best way to pay for Ripple (XRP)?
- 7. How do I store Ripple (XRP)?
- 8. Is Ripple (XRP) a good investment?
- 9. Is now a good time to buy XRP (Ripple)?
- 10. FAQs
How & where to buy XRP (Ripple) online
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 may pay to be displayed in certain positions on certain pages, or may compensate us for referring users to their services. While our reviews and assessments of each product are independent and unbiased, the order in which brands are presented and the placement of offers may be impacted and some of the links on this page may be affiliate links from which we earn a commission. 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 >
Trade your favourite markets with our top-rated broker, .
10/1077% of retail CFD accounts lose money.
Ripple tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Ripple this way. Follow our quick step guide below.
How to buy XRP instantly in 3 simple steps
Copy link to sectionTo buy Ripple you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Ripple token
Copy link to sectionType XRP into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Ripple tokens! It’s as simple as that.
Where to buy XRP easily
Copy link to sectionThe overall best exchange to buy Ripple token for beginners is eToro .
Here are the top five places to buy Ripple, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
Read more about how we rate, rank and review platforms.
Best exchanges to buy XRP (Ripple), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Uphold. Best for building long term wealth
...
No. assets
$1
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD.
Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.
The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
3. Nexo. Best for earning interest & rewards
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.
You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.
The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.
4. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade XRP
Copy link to sectionYou can trade XRP on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how XRP crypto trading works:
- Monitor the price: Let’s say the price of XRP/USDT is $1. You read the price charts and decide that now is a good time to start purchasing XRP.
- Open a trade: You trade one USDT for one XRP ($1 for 1 XRP).
- Continue to monitor the price: The next day, one XRP token is now worth $2, a 100% increase.
- Close your trade: You trade your XRP token back to USDT for $2.
In this example, you buy and sell Ripple, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Ripple (XRP)?
Copy link to sectionThe simplest way to buy Ripple cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for XRP.
- Buy XRP with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Ripple with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy XRP with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Ripple (XRP)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Ripple then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Ripple wallets to use are MetaMask and the Ledger Nano S.
Is Ripple (XRP) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Ripple and its token to help you decide whether to invest in XRP.
- XRP can process transactions in seconds. Transactions using XRP are extremely fast compared to traditional financial services like banks and even other cryptocurrencies. Transferring money using a bank can take days and using Bitcoin can take several minutes. When using XRP, settlements take just five seconds.
- XRP is more environmentally friendly compared to other cryptocurrencies. XRP is one of the least energy-intensive cryptocurrencies. XRP consumes only 0.0079 kWh per transaction, just 0.00112% of the 707 kWh Bitcoin consumes. As environmental issues become more important, lower energy-consuming coins like XRP may benefit.
- The amount of coins in circulation is constantly falling. XRP is a deflationary coin and the number of tokens in circulation constantly decreases. This is because it was premined, which means all one billion of its tokens were mined before it launched. Every time a transaction occurs on the Ripple network, a small number of coins are destroyed forever, which in time will increase scarcity and ultimately value.
- Ripple is a private company. The cryptocurrency is built on taking control away from banks, governments, and large institutions, where no single entity controls a project. That’s not the case with Ripple, which is a private company and highly centralised, which goes against the wider crypto industry’s philosophy of decentralisation.
- Ripple is involved in a lawsuit with the SEC. In 2021, the Securities and Exchange Commission in the United States filed a lawsuit against Ripple, claiming it should be filed as a security. This resulted in a number of exchanges de-listing XRP from their platforms and until these legal issues are resolved, the future of Ripple could be uncertain.
Use this quick summary of pros and cons to compare Ripple with other, similar projects.
Pros
Copy link to section- 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
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Ripple (XRP) performed this year?
Copy link to sectionThe current Ripple price today is $0.34, which is 89% below its all time high of $3.06, which it reached in January 2018. XRP is down 59% this year, with a 52 week high of $1.34 and a 52 week low of $0.28.
Is now a good time to buy XRP (Ripple)?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Ripple, selling Ripple, and trading XRP are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Ripple.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of XRP, then a good time to purchase Ripple is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Ripple and selling it the next day probably isn’t why you’re here either.
Regardless, closely following XRP price news & analysis will help you decide when to pull the trigger:
Market shift: Investors pivot to BorroeFinance amid declining prices of Solana and XRP
Pro-crypto lawyer contented with his growing XRP portfolio
Is Rebel Satoshi set to join the ranks of leading tokens like XRP and SHIB? Many investors seem confident
FAQs
Copy link to sectionMore altcoins to buy
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 >