The platform has implemented robust security measures to safeguard users’ funds and personal information. Coinbase utilizes industry-standard practices such as two-factor authentication (2FA) and cold storage of digital assets to minimize the risk of hacking and unauthorized access. This focus on security has contributed to Coinbase’s track record of successfully protecting user assets.

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If you see colorful charts with a range of prices, you’re probably in the spot market. Be prepared to pay a markup on XRP’s market rate in exchange for the convenience. Most exchanges let you buy as little as $5 worth of XRP, if not less.

One platform may allow its users to deposit and withdraw using a particular channel, while another will not support that channel altogether. Even though XRP is undergoing a legal battle, it is still legal to purchase in the US and in several other jurisdictions across the world. Plus, there are still a number of credible crypto exchanges through which you can acquire some XRP. Here are four of the best crypto exchanges that currently support XRP trades.

Choose a Crypto Exchange

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Step 4 – Fund your online account

1. 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.
2. View your card’s online banking statement to find the two amounts and enter only the “cent” portion of the amounts to complete the verification.
3. P2P exchanges can provide additional liquidity for DeFi protocols that require assets for crypto lending and borrowing, as well as other DeFi activities.
4. 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.
5. The SEC lawsuit is ongoing, despite the recent decision by the judge that its sales to consumers were not securities violations.

Look at their features, fees, security and overall reputation to decide which platform is right for you. Binance is just one example of how to purchase XRP using an exchange, but there are many other exchanges that allow you to purchase XRP. Some allow you to buy XRP directly using USD, while others may require you to use another cryptocurrency—which means you’ll need to buy the other coin first and then exchange it for XRP. In the wake of the SEC’s lawsuit, many exchanges—including the likes of Coinbase, Bitstamp, and Bittrex—quickly moved to suspend trading of XRP or delist the asset. Ripple’s XRP is one of the most popular cryptocurrencies on the market, with the fifth-highest market cap as of this writing.

Where to Buy Ripple (XRP)

Kucoin offers an impressive number of ambitious cryptocurrencies that you can buy, sell, trade and store with low trading fees. Kucoin supports spot trading, futures, P2P trading, margin trading, copy trading, savings, leverage, perpetual, NFTs, and many more. In addition, it has over 1200+ cryptocurrencies available for trade and 2300+ trading pairs. Most US-based crypto exchanges do not currently support XRP right now due to a lack of legal clarity regarding whether the asset should be classified as a security or not. However, in December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for selling XRP in unregistered securities offerings. Some cryptocurrency exchanges offer rewards programs for XRP holders.

A XRP wallet helps you protect your private key, not just storing your XRP. If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important. Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency.

This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you’ve pre-funded your account with a bank transfer. Once you’ve set up your account, you’ll need to deposit funds to buy Ripple with. We’ve listed some popular ways to buy XRP and what you should know about each payment method. For simplicity’s sake, we’ll cover how to buy XRP using your credit or debit card on Binance—but the process is similar on many other exchange platforms. XRP must be stored in a cryptocurrency wallet; either a software wallet, a hardware wallet, or on an exchange platform. A wallet holds the private keys needed to access your cryptocurrency holdings.

If you provide the fiat amount you wish to spend, the exchange will automatically fill in the amount of XRP coins you will get. The value of any cryptocurrency can change quickly, and that’s been the story with XRP, as well. If you decide to move forward with an XRP purchase, it’s good to consider its likelihood of long-term growth. You’ll want to check the type of currency that you’ll need to use to purchase XRP. CaptainAltcoin.com does not offer any sort of financial or investment advice.

Before making your purchase, research which trading platform suits you best based on security and ease of use. 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. Coinbase will require you to have an account on the platform before purchasing any crypto from there.

You’ll find the spot market under a “Trade” or “Spot” heading on the site or app menu of the platform you’ve chosen to use. 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. These tokens were distributed to individuals and companies – which has called into question how decentralized XRP truly is – as a large majority are held by just a few entities.

Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds. Coinbase is widely regarded as a reliable and reputable platform for buying XRP, making it an attractive choice for U.S. traders. One of the main reasons for Coinbase’s popularity is its established position as one of the largest cryptocurrency exchanges globally. With its extensive user base and longevity in the market, Coinbase has built a strong reputation for trustworthiness and reliability. District Court judge gave Ripple a victory with an order that said the company hadn’t violated securities laws when it sold XRP on crypto exchanges. The company is still contending with allegations that its sales to institutional investors were unregistered securities, and it’s possible the SEC could appeal the order on consumer sales.

Just type in how much you want to spend in USD and let the exchange work out the rest. Unlike other cryptos such as BTC and ETH where new blocks are generated via mining or staking, XRP pre-mined 100 billion tokens at its launch. Don’t worry too much about extra features or coins for now – you can always sign up with another exchange later. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Your order will then be executed at the best available rate and your XRP will be deposited directly to your Binance wallet. Once entered, click the ‘Pay now’ button, and you’ll be billed for the amount you set during the previous step.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. In short, it’s a platform and a cryptocurrency that could help financial institutions provide a better payment experience. And you’ve probably heard of a few of its customers, which include Bank of America, American Express and Santander, to name a few. Bitstamp has recently acquired the infamous BitLicense, giving it the right to operate on the territory of the state of New York. Other USA states are white label payment gateway getting started also able to register on the crypto platform and purchase crypto.

Stay vigilant, stay informed, and prioritize the safety of your XRP holdings to have peace of mind in your cryptocurrency journey. Ultimately, XRP presents an opportunity for American investors to participate in the evolving digital economy. By following these steps, and by storing your XRP properly, you’ll be well on your way to buying and trading XRP in the U.S. As a beginner white label trading platform for online brokers and digital advisors in the world of cryptocurrencies, it is essential to understand the importance of securely storing your XRP tokens.

Alternatively, software consulting hourly rate you can hold your XRP within the built-in wallet of a supported exchange, but that is typically not considered to be an especially secure option. Exchanges typically recommend holding long-term assets in a dedicated wallet, especially in cold (offline) storage. Here are some crypto exchange and app options that allow you to purchase XRP. 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.