All eyes in the crypto community are on XRP this year because of the ongoing legal proceedings of the Ripple lawsuit. Ripple had a partial win in July 2023 when the Judge ruled that XRP is not a security when sold to retail investors on crypto exchange platforms. To create an account with your chosen crypto platform, you only need an email address or mobile number. A XRP wallet helps you protect your private key, not just storing your XRP.

Buy Ripple with another crypto

Based on Coinbase’s guidelines for the bitcoin and cryptocurrencies listing of new coins many speculated that XRP would never be supported because it’s too centralized. Depending on where you live the best way to buy XRP might be different so we’ve included a couple of ways to make your first purchase. Compare today’s price of Ripple ($1.99 USD) against its all-time high (ATH) price of $3.40 USD on January 07, 2018.

In this way, XRP is one of the more ambitious cryptocurrencies aimed at revolutionizing global payment systems and the digital economy. The P2P economy facilitates the direct exchange of cryptocurrencies between individuals, eliminating the need for intermediaries like centralized exchanges and financial institutions. In the traditional sense of staking, XRP staking is not possible, where users lock up their tokens to validate transactions and earn rewards. XRP is not a Proof-of-Stake (PoS) cryptocurrency and uses a consensus mechanism called the XRPL Consensus Protocol (or Federated Consensus), which does not recognize staking.

If you want to buy Ripple, start by comparing a range of crypto brokers and exchanges available in the US. Look at their features, fees, security and overall reputation to decide which platform is right for you. 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. 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. Go to the “My Account” tab and follow the instructions in the “Verify your identity” section.

• Binance is the leading cryptocurrency exchange by daily trading volume with a global appeal.
• If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important.
• You can buy XRP with a credit or debit card on a crypto exchange like Coinbase or Coinmama.
• Designed to make payment transactions faster and cheaper, Ripple’s platform—with the help of its XRP token—settles payments at a fraction of the cost of traditional methods.
• XRP enables a system that can outperform many established cryptocurrencies and legacy money transmission technologies.
• The platform is based in San Francisco, California, and offers its crypto-related services across the world and in several states within the US.

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The closer the bar is to 100%, the closer XRP is to reaching its ATH again. Be prepared to pay a markup on XRP’s market rate in exchange for the convenience. This is a standard security procedure for most exchanges in the US and requires you to upload some photo ID, and in some cases a selfie with today’s date. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Ripple in the US. You can find the list of coins you can buy through Ledger Live here .

Where can I buy Ripple (XRP) cryptocurrency?

Earning XRP as passive income includes lending XRP to borrowers or participating in liquidity pools on a DeFi platform and holding XRP on certain crypto exchanges that offer rewards programs. XRP can also be earned inactively from lending, liquidity provision, and rewards programs but not from staking. Staking is the process of locking up or holding a certain amount of cryptocurrency to participate in the validation of transactions on a blockchain network. The cryptocurrency market has a history of long slumps followed by quick explosions in price to the upside.

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For instance, with Binance, the minimum ID verification level involves just submitting your name, providing your country of residence and date of birth. You can use XRP to exchange between fiat currencies rather than directly exchange currencies through a traditional financial institution. This can be a much faster and cheaper approach versus paying the high fees banks and money remittance organizations may charge. But if you decide to buy XRP with another crypto, you’ll have to create a crypto wallet that supports XRP and then use the currency on the exchange uses that pairs with XRP to buy the crypto.

Today’s Ripple price versus ATH

• If you’re going to buy XRP Ripple you should consider buying one of these.
• After registering, you need to verify your account by uploading identity cards and address proofs.
• That’s why it’s always important to double check that you’re sending your coins to the right address before you hit the confirm button.
• If using a DEX, connect your wallet to your preferred exchange and navigate to a pool with the asset you want to swap into XRP.
• The next step is to search for XRP on Coinbase to proceed with the buying process.
• When you buy Ripple cryptocurrency with a debit card the fees are higher, sometimes even as high as $10 for a relatively small purchase.
• You can use XRP to exchange between fiat currencies rather than directly exchange currencies through a traditional financial institution.

Note that for the coin to reach that level, it must first breach past its all-time high of $3.84, which it touched on Jan. 4, 2018. XRP has been around for a while and has become a widely supported asset. The last step will involve you checking the transaction details and confirming that they are correct. In the confirmation screen, Uphold will provide the purchase rate for each XRP, and the terms of the sale.

This complete guide demonstrates how to buy XRP, helping you decide whether the asset is worth a punt in both the short and long term. Gianluca Miller’s crypto journey started in 2019 when he sought alternative assets to diversify his investment portfolio. With a keen interest in innovative technologies, he became increasingly involved in Web3 through trading crypto and participating in DeFi protocols. Over the last few years, he has become a blockchain evangelist, fascinated with the tech’s utility and impactability.

After registering, you need to verify your account by uploading identity cards and address proofs. This is a crucial step to avoid getting in trouble and to comply with the KYC and AML guidelines. Verification process may take from a few minutes to a few hours on Coinbase. If you hold Ripple as an investment, you’ll be taxed on any capital gains you make when you sell it — which includes spending it on goods and/or services. In the US, tax obligations also apply to mining, professional Ripple trading and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the IRS.

You can check here to find a list of exchanges that meet that criteria. During the last bull market Ripple (XRP) was one of crypto’s best performing assets. Just one year later a single XRP was worth $3; a tremendous return on an the 11 best bitcoin wallets of 2021 investment.

XRP in the Digital Economy

You can also earn XRP rewards by participating in certain earnings programs sponsored by exchanges. You need to have funds in your account to buy XRP on Coinbase, for which you need to add a payment method to your account. On the Coinbase exchange platform, go to the payment method box and select your preferred payment method, among the supported payment methods – band accounts, credit/debit cards, or wire transfer. Binance is the leading cryptocurrency exchange by daily trading volume with a global appeal.

Ripple, as a company, predates the launch of Bitcoin, having been formed in 2004 by software developer Ryan Fugger, four years before Satoshi Nakamoto published the Bitcoin whitepaper. However, Ripple’s initial implementation was conventional, whereby a centralized organization maintained a transaction ledger. In this guide, you will learn how to buy XRP, Ripple’s native crypto, why it matters, and how it fits into the larger Ripple ecosystem to enable seamless global payments. Like many things in life, there are some caveats, especially if you’re purchasing XRP with another crypto. A general rule of thumb is it’s easier to purchase a crypto with a fiat currency like the U.S. dollar compared with other cryptocurrencies. Users can search for crypto ATMs that support XRP and other cryptocurrencies on websites that aggregate ATM locations worldwide, such as ATMlocator, Coin ATM Radar, CoinATMs, and CoinMap.

As we move past Bitcoin’s tenth birthday more and more people are asking where can I buy Ripple? They feel that it’s a great alternative investment as compared to Bitcoin or Ethereum. Both of these currencies have a scaling problem while Ripple can already scale to thousands of transactions per second. If you’re serious about trading XPR, there is a whole spectrum of options out there. To name a few popular options, you can trading XRP with leverage on top of Binance, Kraken, Delta, Poloniex, and BitMEX.

Crypto wallets can be software- or hardware-based, providing an extra layer of protection over your assets. If security electronic trading and blockchain yesterday today and tomorrow and control over your assets are vital to you, using a wallet would be a great choice. XRP’s large market capitalization makes it widely accessible across many crypto exchanges. Investors can use a decentralized exchange (DEX) or a centralized exchange (CEX) to make purchases.

We had also outlined a simple step-by-step process to acquire XRP from Uphold, one of the few exchanges that still allow its users to buy XRP. Most other exchanges offer a similar process to buy crypto, but the details may vary. You can tinker with your chosen platform to figure out the process or contact the official customer support for help. Different trading platforms will support various payment methods according to their user’s needs. One platform may allow its users to deposit and withdraw using a particular channel, while another will not support that channel altogether.

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.