How to Buy Ripple Buy XRP in 4 steps April 2025

Always make sure to conduct independent research before investing in cryptocurrency or any other investment. Services may not be available in all states, services are based on Zero Hash LLC permitted United States Jurisdictions. Cryptocurrency assets are not subject to Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation (SIPC) coverage.

How to Buy Ripple’s XRP Cryptocurrency in the U.S.

In this article, we’ll guide you through the process of buying XRP, from choosing a crypto exchange to storing your coins safely. Ripple has a reliable track record as a company dating back to 2012. XRP has become one of the most popular and liquid investments in the cryptocurrency market. But XRP and other cryptocurrencies also have a history of extreme volatility, and past returns are no guarantee of future success.

The minimum purchase amount varies based on the method used to make the transaction. At the time of this report, a single unit of XRP trades for less than $3, but it is possible to buy a fraction of an XRP. Please note that the availability of the products and services on the Crypto.com App is subject everything you need to know about affiliate onboarding guide to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases.

Grayscale Seeks SEC Approval to List Crypto ETF With BTC, ETH, XRP, SOL, ADA Holdings

Coinbase operates in over 100 countries, including Australia, Canada, France, Germany, Netherlands, Singapore, United Kingdom, and United States (excluding Hawaii). With top-tier security, cold storage, and educational tools, it’s a trusted platform development document an overview for both beginners and advanced traders. Accessible, secure, and user-friendly, Coinbase is a global leader in crypto management. XRP may be an excellent long-term investment, but it’s likely only appropriate for investors with extremely high-risk tolerance. Even then, investors should fully understand XRP tokenomics before they buy, and they should never invest more money than they are willing to lose in a worst-case scenario.

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. Some cryptocurrency exchanges provide custodial wallets to their customers. But others require noncustodial wallets that leave the user responsible for securing private keys.

• For more sophisticated investors, Kraken also offers futures and margin trading.
• XRP’s price has been impacted by cryptocurrency investor sentiment as well as advances in its acceptance by financial institutions.
• After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy.
• With its ability to settle payments quickly and cheaply, XRP has become a popular cryptocurrency among financial institutions, including Bank of America, American Express, and Santander.
• While the XRP token was worth close to $0.25 at the start of 2020, it had a value of roughly $2.45 at the time of this writing, according to figures provided by Forbes Digital Assets.
• To purchase XRP on a DEX, you connect your cryptocurrency wallet to the platform to swap your assets.
• Farran Powell is the managing editor of investing, retirement and banking at USA TODAY Blueprint.

You’ll want to check the type of currency that you’ll need to use to purchase XRP. To date, it appears as though the ideologies that drive Ripple Labs are not to overthrow traditional banking systems, but to help them evolve. Kraken provides trading access in over 190 countries, including Australia, Canada, Europe, and the United States (excluding New York and Washington state). XRP can be purchased on Coinbase, Robinhood, eToro, Kraken and other exchanges. XRP has historically produced mixed returns for investors depending on when they buy and sell. But XRP critics have argued Ripple’s control of nearly half the total maximum supply of XRP makes it more centralized than other leading cryptos.

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Ripple seeks to become the trusted third party allowing entities, regardless of size and spatial location, to transact swiftly and securely. 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. Before investing, investors should do their research and only invest in what they can afford to lose. Unlike bitcoin (BTC) and ethereum (ETH), the Ripple network and its XRP native cryptocurrency were designed to facilitate financial transfers among banks and other global financial institutions.

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In this section, we will discuss essential tips and practices to enhance the security of your XRP storage. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information. But Ian Weisberger, co-CEO of CoinRoutes, said XRP investors are not fully out of the woods just yet and should expect more volatility ahead. Alternatively, signing up for an account on Kraken requires an account holder to supply their email address and the country where they reside.

• Select “XRP” from the drop-down menu of available cryptocurrencies, and then enter the amount you want to invest in XRP.
• Leading centralized crypto exchanges that support XRP trading include Binance, Coinbase, Kraken and Bybit.
• Simply put, Ripple was found guilty of selling unregistered securities directly to institutions, as these were clearly viewed as investment contracts.
• Unlike bitcoin, dogecoin (DOGE) and other cryptocurrencies mined using a proof-of-work consensus mechanism, XRP is pre-mined and has a maximum total supply of 100 billion tokens.
• SEC add a layer of regulatory risk, making it a potentially volatile investment,” Weisberger said.

Step-by-Step Guide to Buying XRP On An Exchange

If you want to purchase XRP, one of the most popular methods for doing so is an exchange. Buying the digital asset in this manner requires fulfilling several specific steps. XRP has drawn quite a bit of attention since coming into existence in 2012.

One of the disadvantages of using a how to buy metis CEX is that they have control over your assets as the custodian. While the security on these platforms is solid, they are not completely resistant to hacks and can freeze your assets. Crypto wallets can be software- or hardware-based, providing an extra layer of protection over your assets. If security and control over your assets are vital to you, using a wallet would be a great choice.

In this section, we will explore various storage options available to help you protect your XRP holdings effectively. News and World Report, covering personal finance, financial advisors, credit cards, retirement, investing, health and wellness and more. She founded The Detroit Writing Room and New York Writing Room to offer writing coaching and workshops for entrepreneurs, professionals and writers of all experience levels. Her work has been published in The New York Times, USA TODAY, Boston Globe, CNN.com, Huffington Post, and Detroit publications. Like most other leading cryptocurrencies, there are unique advantages and disadvantages to investing in XRP.

It’s always a good idea to take a diversified approach to investing to reduce risks. Consider bitcoin and ethereum as alternative cryptocurrency investments, given their relative lack of legal and regulatory risk and long-term outperformance compared to XRP. A centralized crypto exchange is similar to a traditional financial institution in which a centralized company acts as an intermediary between transaction participants. Leading centralized crypto exchanges that support XRP trading include Binance, Coinbase, Kraken and Bybit. If XRP is in a bull market, which is characterized by a broad, upward trend, that can be very helpful information to know, as a bull market may be a good time to invest.

A decentralized crypto exchange allows users to make direct transactions through blockchain technology to complete trades without needing a centralized intermediary. Countless investment professionals would encourage you to avoid putting all your eggs in one basket. This is exactly what you are doing if you decide to diversify your portfolio. However, making this happen is a bit easier said than done, as different assets sometimes move in the same direction. Risk assets, for example, will frequently move in tandem based on the sentiment of investors, and risk-off assets, for example bonds, will behave in the same manner. In 2024, these events caused the loss of more than $2 billion worth of digital currencies.