I think you will agree with me when I say:
Cryptocurrencies for banks is as absurd as it gets.
But now we have Ripple cryptocurrency which is doing just that so the question of absurdity doesn’t matter now.
For those of you who haven’t heard of Ripple, here is an introduction:
Ripple a payment protocol for banks with its native Ripple coin.
It aims to challenge SWIFT, which is the de facto banking messaging system used worldwide for transactions and Ripple is trying to be a better alternative for that.
In 2017, Ripple started getting a lot of attention from investors due to its potential usecase and relatively high supply which made it rise to astronomical prices of $3 per Ripple coin.
During the same time, Ripple also became the 2nd most valuable cryptocurrency on CoinMarketCap for some time.
And why not to have such hype also when the crypto project is being explored by big shots like MoneyGram, American Express and ICICI, etc.
That’s why since its meteoric rise in popularity investors around the world want to purchase ripple cryptocurrency and here we are to share just that with you so you can buy ripple coin.
How To Buy Ripple (XRP) Cryptocurrency?
Since Ripple has been here for some years now, that’s why you have plenty of options through which you can buy Ripple coin right now.
But before, I tell you about the options, it is important that you learn about all the ‘how to’ avenues to buy Ripple after which you can think through which option you would like to pick.
So here are the popular ones:
- Buy Ripple (XRP) with credit/debit card
- Buy Ripple (XRP) with Bitcoin or Ethereum using Changelly
- Buy Ripple (XRP) with bank transfer or account
- Buy Ripple (XRP) peer-to-peer with Cash
- Buy Ripple (XRP) from Ripple exchanges with other cryptocurrencies
Now that you know all the ‘how to’ ways, you just need to know all the ‘where to’ options to buy XRP coin. So let’s see those options.
Where To Buy Ripple (XRP) Coin?
I am simplifying things here as once you have picked your preferred way of buying Ripple you can choose from the given options which service you would like to opt for purchasing XRP coin.
#1. Buy Ripple (XRP) with credit/debit card
The easiest way to get any cryptocurrency is through credit cards, and Ripple cryptocurrency is no different in this case as it has been here for some years in the cryptosphere.
That’s why you will find quite a few popular services offering the option of buying XRP with credit/debit cards and the good thing about this method is, you need not to worry about the kind of fiat currency you hold.
So if you have a Visa/Mastercard credit or debit card then you can choose from the below-listed services to get hold of your XRP cryptocurrency:
But before using these services, you must complete your KYC as well as card verification with them, and that’s quite an easy DIY exercise.
#2. Buy Ripple (XRP) with Bitcoin or Ethereum using Changelly
Another safe and easy way to purchase Ripple cryptocurrency is through Changelly’s direct swap services.
Changelly is an instant cryptocurrency swap service where you will not find order books, but you will find competitive exchange rates for exchanging your cryptocurrencies.
For example, if you have BTC or ETH or any other Changelly supported cryptocurrency which you want to exchange it for Ripple, you can very well do so !!
To do this, you will need to do this:
- First, get your Ripple address ready where you would like to receive your Ripple.
- Second, you should have some bitcoins/altcoins to exchange for Ripple.
Now, head on to Changelly and select one of their recommended ways to exchange BTC for XRP and you should be good.
#3. Buy Ripple (XRP) with bank transfer or account
Buying Ripple via bank transfer or wire transfer is also quite easy.
Ripple is an old cryptocurrency, and that’s why quite a few Ripple exchanges have listed Ripple on their exchanges for fiat currencies like USD, EUR, GBP etc.
Through these services, you can fund your fiat linked crypto accounts and later deposit fiat into it to exchange it for Ripple cryptocurrency.
Here are some of the services that help you just do that:
- Exmo: Supported pairs are, XRP/USD, XRP/EUR
- BitBay: Supported pairs are, XRP/USD, XRP/EUR, XRP/PLN
- CEX.io: Supported pairs are, XRP/USD, XRP/EUR
But on all these exchanges, you need to complete your KYC because you will be dealing here with fiat.
Many people even ask ‘how to buy Ripple with Coinbase?’, for them, unfortunately, Coinbase doesn’t support Ripple directly, but you can buy BTC from Coinbase first and transfer to the above-listed exchanges to exchange it for XRP.
#4. Buy Ripple (XRP) from Ripple exchanges with other cryptocurrencies
If you are someone who doesn’t want to get into KYC and all things to buy Ripple, then you can look at centralized exchanges that sell Ripple for other cryptocurrencies such as BTC, ETH, LTC, USTD, etc.
Another benefit of using these cryptocurrency exchanges is that you get access to real-time order books and advanced trading tools to decide your buying bid.
Here is the list of some of the best Ripple exchanges where you can get XRP in exchange for other cryptos:
- Binance: Supported pairs are XRP/BTC, XRP/ETH, XRP/USDT
- Exmo: Supported pairs are XRP/BTC, XRP/ETH, XRP/USDT
- Gate.io: Supported pairs are XRP/BTC, XRP/USDT
- Huobi: Supported pairs are XRP/BTC, XRP/HT, XRP/USDT
- BitBay: Supported pairs are XRP/BTC
#5. Buy Ripple (XRP) peer-to-peer with Cash
You can also buy Ripple for cash, but there is no dedicated peer to peer services like LocalBitcoins for Ripple yet. That’s why finding anything for escrow of your funds while exchanging Ripple is hard.
But if you know someone who wants to trade Ripple through local contacts, then you can very well go ahead in the deal.
Also, we don’t encourage this mode of exchange because there are scammers too out in the market who wants to make a fool of crypto users.
So beware before indulging in peer to peer XRP trading.
Conclusion: So Which Is The Best Way To Buy Ripple?
Of course, there is no particular best way to buy Ripple cryptocurrency because some people want to buy it from Binance like exchanges whereas some people prefer Changelly or CEX like services.
That’s why there is no question such as that, but in any case, the service you are choosing to buy your Ripple should be reliable and secure.
Lastly, these all services are tested by us and thus are reliable, but they are not that reliable also that you start storing your Ripple coins on them.
For that purpose, you have some very good Ripple wallets that you can use and hence avoid keeping XRP on these centralized services.
So that’s all from our side in this detailed guide on how to buy Ripple cryptocurrency?
Hope you liked it? Please do share it with your friends who want to buy Ripple cryptocurrency !!
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.
- How To Buy Ripple (XRP) Cryptocurrency?