After you have created your account, navigate to the trade section. Enter and confirm the amount of XRP, you would like to purchase and pay using your preferred method. Coinbase accepts debit cards, ACH deposits, wire transfers, Apple Pay and Google a beginners guide to becoming a crypto miner Pay, allowing you to buy cryptocurrency easily.
Once you’ve set up your account, you’ll need to deposit funds to buy Ripple with. We’ve listed some popular ways to buy XRP and what you should know about each payment method. “Top 5 best cryptocurrency exchanges in the uk picks” are those we’ve evaluated to be best for certain product features or categories – you can read our full methodology here.
When comparing offers or services, verify relevant information with the institution or provider’s site. Most US-based crypto exchanges do not currently support XRP right now due to a lack of legal clarity regarding whether the asset should be classified as a security or not. A spot Ethereum ETF is an ETF that tracks the price of Ethereum and is traded on traditional stock exchanges rather than cryptocurrency exchanges.
Coinbase vs. Robinhood: 2024 Comparison
After deciding what platform you want to trade on and if you wish to use a cryptocurrency wallet, you are ready to purchase XRP. If using a CEX like Coinbase or Robinhood, type in the ticker XRP or Ripple in the trade or search menu and select it. After confirming the amount of XRP you would like to purchase, you can transfer funds in a few ways. Popular payment methods that CEXs support include debit card or credit card, wire transfers, ACH deposits, Apple Pay and more. Use whichever method is most convenient for you and purchase XRP. Ripple (XRP) is the 7th-largest cryptocurrency by market capitalization, trading at $0.5559 per token on Aug. 30, 2024.
How to buy XRP
It was designed as a digital payment network to reduce the cost of international payments. Ripple (XRP) launched in 2012 with a bold mission to shake up international remittances by using cryptocurrency to help people move money around the world. XRP has a loyal following which helped it reach an all-time-high price of $3.40 in January 2018. Robinhood Gold Card is subject to introducing broker vs white label credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc.
- Use whichever method is most convenient for you and purchase XRP.
- Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.
- XRP has dropped over 7% in the last week, and some investors see this as an excellent opportunity to build their holdings of this token.
- XRP is the native token for Ripple, a payments network that is designed to serve the financial services industry.
- You can’t mine XRP, but you can buy it, receive it, or be rewarded it through centralized, decentralized, and peer-to-peer exchanges, mobile wallets, and payment processors.
- You can also earn XRP rewards by participating in certain earnings programs sponsored by exchanges.
Mobile Wallets
XRP is the native token for Ripple, a payments network that is designed to serve the financial services industry. It’s a relatively popular crypto—and it consistently lists among the top 10 cryptocurrencies by market capitalization. XRP is a cryptocurrency intended to speed up global payments at a time when clearing payments can take days. You can’t mine XRP, but you can buy it, receive it, or be rewarded it through centralized, decentralized, and peer-to-peer exchanges, mobile wallets, and payment processors.
Where Can I Buy XRP Now?
FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries. This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you’ve pre-funded your account with a bank transfer. To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not USD. RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc.
Learn more in our crypto tax guide or use our round-up of the best crypto tax software to make tax reporting easier. If you see colorful charts with a range of prices, you’re probably in the spot market. Most exchanges let you buy as little as $5 worth of XRP, if not less. Just type in how much you want to spend in USD and let the exchange work out the rest.