Where and How To Buy Ripple (XRP) in 2023 | Beginner’s Guide (2024)

Ripple (XRP) is a popular payment cryptocurrency that allows cheap and fast transactions across the globe. This guide will cover everything you need to know about Ripple. From exploring the most popular platforms to buy XRP to investigating the best wallets to store your cryptocurrency assets, we have covered it all in this guide. You’ll also learn some interesting facts and information to help you decide if XRP is worth your investment or not.

Best XRP Exchanges to Buy XRP

We listed below some of the top exchanges for buying and trading XRP.

	Name	Score	Visit	Disclaimer
	1Plus500 CFD Broker	9.8	Visitplus500.com					82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
	2Coinbase	8.4	Visitcoinbase.com
	3eToro	8.7	Visitetoro.com					Don’t invest unless you’re prepared to lose all the money you invest.
	4Pepperstone	9.0	Visitpepperstone.com					Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
	5Binance	9.1	Visitbinance.com
	6Eightcap	8.8	Visiteightcap.com
	7Kraken	7.6	Visitkraken.com

Plus500 - The Overall Best Way to Buy/Sell in 2024

	Name	Score	Visit	Disclaimer
	Plus500 CFD Broker	9.8	Visitplus500.com					82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Best Platforms to Buy and Trade XRP

This part of the guide uncovers the best platforms for XRP trading, buying, and storing Ripple.

Buy XRP using cryptocurrency brokers - the easiest way

The most straightforward way to acquire Ripple is via a cryptocurrency broker. These are platforms that facilitate trades between users for a fee. They have simple interfaces and often have an educational section for traders to help them in leveling up their game. Although a number of brokers don't allow you to buy XRP in the US, we've highlighted which do and which don't.

Binance

	Name	Score	Visit	Disclaimer
	Binance	9.1	Visitbinance.com

Binance provides a premium user experience with an intuitive trading interface, multiple deposit options, and swap pairs for XRP. Also, they have a built-in wallet where you can securely store your crypto assets.

Although XRP is available on Binance, it isn't available on Binance.US, so you won't be able to buy XRP in the USA with Binance.

KuCoin

	Name	Score	Visit	Disclaimer
	Kucoin	7.8	Visitkucoin.com

KuCoin is one of the cheapest and easiest crypto exchanges to use because of its many trading tools. Moreover, they focus on providing excellent security, and all users can choose to have a trading interface password with 2-step authentication.

US users can access some of KuCoin's features, but as KuCoin isn't licensed in the USA, they may be limitid in what they can do.

Paybis - Best Way To Buy XRP USA

	Name	Score	Visit	Disclaimer
	Paybis	7.5	Visit

To use Paybis, you can sign up either on your smartphone or desktop device. The service is available in 48 of the 50 US states, which is much better than other solutions like Binance (which doesn’t sell XRP to US customers anyway).

In terms of features, Paybis is relatively straightforward for individuals. You can access real-time price charts in addition to a cryptocurrency calculator. Both will continue to serve you as you become more advanced in your investment strategies.

Thankfully, Paybis does enable XRP trading and buying in the US.

Buy XRP on Binance: Step-By-Step Guide

	Name	Score	Visit	Disclaimer
	Binance	9.1	Visitbinance.com

Best Wallet to Buy and Store Ripple - XRP Wallet Comparison

It is recommended to store your crypto assets in a cryptocurrency wallet, especially a cold wallet, rather than an exchange. This is important to shield your funds from different kinds of online attacks. Crypto exchanges are often targeted by hackers, risking the security of your funds. Below you’ll find the best hardware and software wallets for storing XRP short or long-term.

How to Sell Ripple in 2024 Using Binance?

Selling coins like XRP is a smooth process with Binance. Here’s a simple guideline for cashing out your investment:

• Step 1: Sign in to Binance and open the spot trading interface.

• Step 2: Search for XRP and enter how much you want to sell in a sell order.

Buy XRP Using CFDs - Best for XRP Trading

An alternative way to invest in Ripple is with CFDs (Contract For Differences) issued by brokers. These are derivative products, so you won’t own the underlying asset while still investing in the coin. This also means you cannot withdraw, transfer, or spend your Ripple. However, crypto brokers often have easy investing methods, perfect for beginners. Here you can find the top two options:

Eightcap

	Name	Score	Visit	Disclaimer
	Eightcap	8.8	Visiteightcap.com

See Also

Ripple ODL joins Amazon's payment service provider program - Will it drive XRP price to $5?How to buy XRP? | Buy XRP | MoonPayCryptocurrency Issuer Ripple Enters China Market With LianLian PartnershipThe Future of Central Bank Digital Currency | Ripple

Eightcap is an advanced trading software that lets you set up indicators and view different time graphs. The tutorials are accurate, and familiarizing yourself with the platform is fast.

TickMill

TickMill is perfect for expert traders due to its multiple trading apps (MT5, MT4, and CQG), tools, and graphs. Also, you can access educational resources like webinars, seminars, ebooks, infographics, and courses to strengthen your trading knowledge.

Best Apps to Buy XRP - Most Convenient

Exchange smartphone apps are the most convenient way to invest if you can’t physically access a desktop device. They allow you to trade, stake, withdraw, and deposit coins as long as you have an internet connection. Take a look at the top three options:

Crypto.com - Cheapest app to buy XRP USA

	Name	Score	Visit	Disclaimer
	Crypto.com	8.7	Visitcrypto.com

Crypto.com offers some of the cheapest trading fees available. You can get even lower fees if have a high trading volume or hold a large amount of the app's native CRO token. Crypto.com's availability in the USA makes it one of the best apps to buy XRP in the US.

Kraken - Simplest app for XRP trading

	Name	Score	Visit	Disclaimer
	Kraken	7.6	Visitkraken.com

The intuitive user interface of the Kraken app makes it fairly easy to use, but traders and investors will also benefit from custom orders, market data, watchlists, and portfolio tracking tools. The Kraken mobile app is available to users in the US.

Binance - Best app for advanced XRP trading

	Name	Score	Visit	Disclaimer
	Binance	9.1	Visitbinance.com

If you're interested in advanced XRP trading, then Binance could be the app for you. Users get access to hundreds of trading pairs, savings accounts, price alerts, and much more in the pro version. However, you can't buy XRP in the US as the Binance.US app doesn't support it.

Buy XRP on Crypto.com App: Step-By-Step Guide

	Name	Score	Visit	Disclaimer
	Crypto.com	8.7	Visitcrypto.com

Buy Ripple With XRP Exchanges - The Cheapest Way

You can experience affordable trading with cryptocurrency exchanges because these platforms follow a low-fee structure. Also, having a high 30-day trading volume will place you in a different fee bracket with better terms regarding the trading fee. These options were selected for providing a premium service along with low platform costs.

Binance - Cheapest XRP Exchange

	Name	Score	Visit	Disclaimer
	Binance	9.1	Visitbinance.com

Binance is the go-to exchange for XRP trading due to its extremely low fees. You'll struggle to find better fees than those offered by Binance. What's more, you can even get fee discounts when you pay for fees with BNB. The only downside is that Binance doesn't allow you to buy XRP in the USA.

CEX.io - Best Exchange to Buy XRP USA

	Name	Score	Visit	Disclaimer
	CEX	6.7	Visitcex.io

If you’re more of an advanced crypto investor, CEX.io is a good choice for buying XRP in the US. The interface is a little more complicated, which will overwhelm beginners. CEX.io offers plenty of tools to improve your cryptocurrency investment strategies. These include instant buy options and ways to earn money for staking specific cryptocurrencies. If you’re more interested in trading, leverage and spot trading can be utilized.

You can use CEX.io in most US states; New York and Virginia are the only two where you can’t enjoy the service.

Kraken - Simplest XRP Exchange

	Name	Score	Visit	Disclaimer
	Kraken	7.6	Visitkraken.com

Though not quite as competitive as Binance, Kraken also has low fees. On top of this, Kraken users can benefit from an intuitive interface and a range of crypto guides and educational materials. Finally, Kraken is available in the US. On the other hand, When comparing Kraken vs Gemini, one cannot overlook the intuitive interface that Kraken provides, enabling a smoother user experience for both novice and experienced crypto traders alike.

Buy XRP on Binance: Step-by-Step Guide

Buy XRP Using Decentralized Exchanges (DEX) - The New Way

A unique way to buy XRP is with a DEX (Decentralized Exchange). This is a decentralized application built on the blockchain that uses smart contracts to run. Moreover, these platforms work by connecting a crypto wallet and swapping tokens using a liquidity pool system. Also, DEXs are unregulated and allow you to purchase coins anonymously. As DEXs are available anywhere, they provide an alternative way to buy XRP in the USA.

Can You Buy XRP Using P2P Services?

There are no worthwhile platforms to use that offer P2P services for buying XRP. Instead, you can search for local crypto forum groups and facilitate trades in person. However, when trading in person, wait until the transfer is complete to avoid getting scammed.

Can You Buy XRP Using Other Trading Platforms?

Due to Ripple’s SEC lawsuit controversy, a few crypto platforms have de-listed the token. Here you can examine which exchanges or brokers still offer opportunities in XRP trading.

What Is the Difference Between Buying Ripple and CFDs?

Cryptocurrency brokers issue CFDs (Contract For Differences), which are derivative products. This means you will not own the underlying asset while speculating its future value. Also, with Ripple CFDs, you cannot transfer them from the broker and spend them. Below you can learn about some advantages and negatives of investing in CFDs.

Best Ways to Buy XRP

Here are the top crypto platforms to buy Ripple XRP using different payment methods and what they’re best for.

Buy XRP instantly with online banking - the fastest way

Binance is one of the best platforms that accept online banking as a deposit method with fast transfer times. Also, the exchange will remember your information, making future deposits convenient.

Buy XRP with PayPal - the safest way

You can buy Ripple with PayPal by using it as a deposit method on Crypto.com. Afterward, use the trading interface to purchase XRP.

Buy Ripple using a debit card - the cheapest way

Use your debit card to deposit funds on Binance and navigate to the spot trading tab to purchase XRP.

• How to buy XRP with debit card

Buy Ripple using a credit card

Investors can top up their accounts on Binance via credit card. This platform is brilliant for its educational resources, multiple Ripple trading pairs, and low fees.

• How to buy XRP with credit card

Best Platforms to Buy Ripple in Other Countries

The best providers vary between nations due to licenses, laws, and crypto regulations. Below you can analyze the top cryptocurrency platforms in each country to buy Ripple XRP.

What Are the Fees When Buying Ripple?

This table discloses the fees you’ll pay for buying $1,000 worth of Ripple and holding 30-days.

Cheapest Way to Buy XRP

Binance, KuCoin, and Kraken Pro have adopted a tier system for calculating fees. Based on your trading volume amount, you can potentially enter a different bracket with better fee rates. The listed options have great liquidity for XRP and better-than-average fee rates. However, you won't be able to use Binance to buy XRP in the US.

Fastest Way to Buy XRP

These crypto platforms were selected for their quick sign-up processes and instant deposit methods. Also, they all offer excellent trading tools and order types for XRP trading. What's more, these platforms enable you to buy XRP in the USA.

How to Buy Ripple Anonymously?

The following section covers how to purchase XRP without revealing your identity.

How to buy Ripple without registration or KYC?

You can avoid the registration and KYC process if you use a decentralized exchange. These applications require connecting a crypto wallet, allowing you to remain anonymous.

How to buy Ripple without verification?

KuCoin allows its users to trade XRP without completing ID verification. However, you can only deposit cryptocurrency, and your account will have withdrawal limits.

Alternatively, you can use a DEX to trade XRP because there is no verification process.

Can you buy Ripple offline?

Ripple cannot be bought offline as you need an internet connection to use brokers, XRP exchanges, and P2P platforms.

Should You Buy or Sell Ripple?

Ripple is a risky coin to buy as it’s in the final stages of a lawsuit with the SEC. Nevertheless, the coin is being utilized by hundreds of financial institutions, including UBS, Bank of America, and Santander Group, giving it a tremendous value. Here are some pros and cons if you want to learn more about the coin:

Do You Need to Pay Tax on Ripple in the US?

Compared to many countries, cryptocurrency laws and regulations in the US can be a little complicated. To understand US crypto laws, it’s worth keeping in mind that some aspects will differ on a state-by-state basis. If we look at regulations from a federal perspective, all crypto exchanges in the country must register with the Financial Crimes Enforcement Network (FinCEN).

Cryptocurrencies they’re classed as a currency by the Treasury. However, the Commodity Futures Trading Commission (FTC) refers to them as commodities. Like in many countries, you need to report and pay tax on cryptocurrency profits that you make in the US. Several scenarios are taxable, including selling your coins for cash. When announcing cryptocurrency profits, the IRS will class these as properties. If you earn below $40,400 in long-term gains from crypto over a fiscal year as an individual — or $54,100 if you’re the head of a household — you won’t need to pay tax. If you earn more than $40,000 in long-term crypto gains within a year (or $54,100 if you’re the head of your household), you’ll pay 15% up to $445,850 as an individual. This figure rises to $473,750 as of the head of a household. Anything above the figures mentioned above is taxed at 20%. If you’re filing as a married couple, your allowances are double that of a regular individual.

Below are the thresholds and percentages you will pay according to your tax classification:

Ripple Price Prediction: What Is the Future of XRP?

No matter what experts say, predicting Ripple’s future value is near impossible due to the ongoing legal battle with the SEC. This part of the guide will analyze what can impact XRP’s value.

• XRP price prediction

What impacts Ripple price?

The five main factors impacting Ripple’s value are:

• Adoption: Ripple is doing a great job of getting more banks on board with their payment system. Currently, they have over 100 financial institutions and are increasing that number every quarter.

• Market Status: Ripple’s value closely follows how the overall market performs. For example, during bull runs, when all altcoins are rising, Ripple will spike in value. However, during bear markets, XRP will bottom out.

• News: Bad news like SEC suing Ripple negatively affected its price as investors pulled out funds. Similar news can have the same impact.

• Laws: Countries implying stricter laws can make cryptocurrencies less accessible, resulting in fewer people investing. Also, unfriendly-crypto laws can make it harder for Ripple to become more adopted by institutions. The actions of the SEC mean many platforms have delisted XRP in the USA, which impacts its price

• Demand: As demand increases and fewer people sell, Ripple’s value grows. This is because investors are willing to pay more for each coin.

Historical Ripple Course: Major Milestones in the History of Ripple

Below, you can learn about a few major milestones Ripple went through since it was launched.

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Other Ways to Make Money With Ripple in 2024

Now, you’ll learn about alternative ways you can make money with XRP.

Stake Ripple using DeFi or CeFi

Ripple cannot be staked because it uses a consensus protocol to facilitate transfers, not a POS (Proof-Of-Stake) system. Nevertheless, Binance has a flexible saving product for Ripple with approximately 0.45% APR. Therefore, you can still earn passive income. However, Binance doesn't offer XRP savings accounts to US users.

Buy Ripple using ETPs (ETFs & ETNs)

You can purchase XRP ETPs from 21Shares. These are Exchange-traded products sold on the stock exchange.

Buy and sell NFTs using XRP

NFTs (non-fungible tokens) are unique digital data stored in the blockchain that allows people to represent ownership over digital assets like tickets and art. Ripple has committed $250 million to the Creator’s Fund to bring artists’ NFTs to the XRP Ledger. However, currently, there is no marketplace for trading NFTs with XRP.

Bank of America is one of the largest entities with investments in Ripple. Their stock is available to buy on Hargreaves Lansdown.

Use Ripple Faucets

Some cryptocurrency exchanges offer faucets to clients, which are rewards for participating in courses and quizzes. Coinbase is the ideal option for this activity since they offer many promotions. Also, you can track specific courses, and Coinbase will email you when it’s available to complete for rewards.

What Cryptocurrencies Are Similar to Ripple?.

Below are some alternatives to Ripple you may want to consider:

Stellar

For those who wish to send or receive money swiftly and affordably. Stellar might be a better option for you if you're seeking for a more decentralized blockchain. However, Ripple isa better option for you if you're seeking for a US-based blockchain.

Tether

Both coins have unique applications. Ripple's xCurrent software enables banks to differentiate themselves from the competition by offering state-of-the-art cross-border payment services while significantly reducing overall processing costs. Tether allows investors to transfer money while reducing volatility between the regular financial system and the cryptocurrency market.

Bitcoin Cash

Another competitor of Ripple is Bitcoin Cash, but due to XRP's faster transaction processing and lower fees, the Ripple system outperforms the Bitcoin Cash.

What to Consider when Buying or Trading XRP

Improves international transfers

Ripple is providing stiff competition to the payment giant SWIFT (the mechanism used by the majority of financial institutions for international money transfers). It offers a global payment network called RippleNet to facilitate international trade.

Financial institutions using RippleNet have the ability to send money using XRP. However, due to the volatility of XRP, most of Ripple's partners avoid it.

Quick and inexpensive

The speed and low cost of each transaction are the two main advantages of XRP. On Ripple, a typical transaction costs 0.0002 XRP.

Each transaction takes an average of five seconds to complete. In general, XRP is an effective way to send money.

It’s value has dropped significantly since all-time high from 2018

In 2021, many cryptocurrencies broke their previous highs, but XRP is an exception. When it briefly reached a price of $3.84 in January 2018, that was its peak.

The price of XRP, which has largely followed the ups and downs of the rest of the cryptocurrency market, reached $1.96 in April of this year. Since then, it has fallen and currently sits at around $0.46. The complaint from SEC and the subsequent delisting from US exchanges is perhaps why XRP's gains have been less than other coins.

Is It Still Worth Investing in Ripple or Not?

Ripple is not worth investing in right now, mainly because of the SEC lawsuit. This event has caused XRP to experience multiple price drops and negative news coverage. Moreover, Ripple is a centralized cryptocurrency, defeating the purpose of creating a decentralized economy. Note: Not Financial Advice (NFA).

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