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How to Buy XRP
- What is XRP?
- Where to Buy XRP?
- How to Buy XRP with Cash/Credit Card/Debit Card?
- How to Buy XRP with USDT From CEX?
- What to Do After I Buy XRP
- Frequently asked questions
What is XRP?
The XRP Ledger is an online system for payments without a central leader. Anyone can connect their computer to the peer-to-peer network that manages the ledger.
XRP is the native token of the Ripple network, which is open-source, permissionless and decentralized blockchain technology.
Where to Buy XRP?
If you want to buy XRP, you may need to prepare the following things:
- Crypto exchange account or crypto wallet account. Except for the crypto exchange account, it is recommended to create a crypto wallet(such as Metamask) account. (What Is a Crypto wallet?)
- Personal identification document (if you are using the Know Your Customer (KYC) platform)
- Secure internet connection
- Valid payment methods, such as bank accounts, debit cards, and credit cards
Many crypto exchanges or crypto wallets provide XRP over-the-counter (OTC) trading services and support buying XRP with fiat currency. In that case, it is easy for you to choose a crypto exchange or crypto wallet to buy, sell, and trade XRP with your local fiat currencies, such as USD, EUR, TRY, PHP, etc. You can select from one of the crypto exchanges and crypto wallets that support OTC XRP trade listed by CoinCarp:
Huobi Global 
OKX Except for buying XRP by cash (fiat currency), you can choose to purchase stable coins(such as USDT, USDC, BUSD, etc.) first, then swap them to XRP in crypto exchange. Now, XRP is listed in the following exchanges, you can choose one to buy, sell, and trade XRP with stable coins or swap with other altcoins:
| Exchange | Pairs | Price | Volume | Volume% | 24h% | Updated |
|---|---|---|---|---|---|---|
 Binance | XRP/USDT | $1.13 | $1,071,334,388 | 17.75% | 7.98% | Recently |
 Coinbase | XRP/USD | $1.13 | $482,107,976 | 7.98% | 6.09% | Recently |
 Bybit | XRP/USDT | $1.13 | $390,660,030 | 6.44% | 7.90% | Recently |
 OKX(OKEx) | XRP/USDT | $1.13 | $275,199,427 | 4.56% | 8.07% | Recently |
 gate.io | XRP/USDT | $1.13 | $207,492,123 | 3.44% | 7.74% | Recently |
| Binance | XRP/FDUSD | $1.13 | $203,822,347 | 3.38% | 8.16% | Recently |
How to Buy XRP with Cash/Credit Card/Debit Card?
To buy XRP using cash, such as USD (US Dollar), you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card. Different countries may have different supported platforms, for example, you can buy XRP via Coinbase, Paypal (or Venmo), or Robinhood in the United States. However, for most of the countries, the mainstream platforms that support XRP trading(OTC) with cash are centralized exchanges(CEX), such as Coinbase, Binance, etc. Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. (Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Add a payment (funding) method to your centralized exchanges(CEX)'s. To add a payment method to your account, you can either click on the "Add payment method" box that appears at the exchange or clicks on your profile photo and settings the payment methods.
- Step 4: You can choose to buy XRP with a Debit/Credit Card, Bank Deposit, and Third-party Payment. Generally, it varies from different CEX and different areas. For US residents, if you are using Coinbase, you can click on the "Trade" button next to the coin then fill out how much US Dollars you'd like to invest in and click the "Buy" button.
Also, you can buy and sell XRP on P2P platforms. P2P (Peer-to-Peer) trading is also known as C2C (Customer-to-Customer) trading in some regions. In P2P trade, the users directly buy or sell cryptocurrencies from each other on a P2P platform, exchange, or marketplace.
How to Buy XRP with USDT From CEX?
- Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. (Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Use fiat to buy USDT. You can use the service provided by the CEX which supports OTC trading or use the financial service platform(Paypal, or Robinhood, available for US residents) that supports funding via either your bank account or credit card.
- Step 4: Transfer your USDT purchased by fiat to the CEX that supports XRP trading in spot market and buy XRP in spot market by USDT.
Note: Some CEX may not available in your country or area, you'd better consult the exchange's customer service or check the announcement from exchanges. As for the tax issue, you may consult the local department for more information.
What to Do After I Buy XRP
Store/Hold XRP
Many investors hold their XRP with the expectation of it increases in value. You can store your XRP on your exchanges' wallets(such as Binance Wallet) or on crypto wallets( such as Trust Wallet), if you wish to store them for the long term, you can store them in a cold wallet instead of a hot wallet. ( Hot Wallets vs Cold Wallets: What's the Difference? ).
Trade XRP
You can trade XRP for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for XRP trading to meet your needs.
Earn XRP
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Transfer
Unlike sending money overseas, you can send XRP to anyone in the world virtually instantly.
Purchasing Goods
Some online platforms or offline shops accept crypto as payments. You can purchase good or service from these places.
Frequently Asked Questions(FAQ)
Can I buy 1 XRP?
Is XRP a good investment in 2024?
For the people who truly believe in the value of cryptocurrency and the future application of crypto, XRP may be a worthwhile investment.
However, the crypto market is incredibly volatile like the stock market, it is not recommended to invest all your assets in crypto. Investors definitely need to evaluate the pros and cons of XRP. Sometimes you should do some research, for example, read the white paper of the project or check the data of historical XRP price or XRP Return On Investment(ROI). Ultimately, it depends on your appetite for risk.
How to Store XRP?
If you want to keep and hold XRP for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.
How long does it take to buy XRP?
As for DEX, the transaction will be confirmed by the node in the network. The confirmation time depends on your gas price. If you submit with a low gas price, you can find your transaction taking a long time to process. For advice on what gas prices will result in a transaction being finalized in a reasonable amount of time, if you are using the Ethereum network, please refer to sources such as Etherscan's gas tracker, or a similar tracker for whichever network you're using.
XRP Price
XRP price today is $1.13 with a 24-hour trading volume of $6,027,690,166. XRP price is up 7.47% in the last 24 hours. It has a circulating supply of 56.93Bil XRP coins and a max supply of 100Bil.