XRP is a digital asset built for payments. It is the native token of the RippleNet blockchain. XRP can be sent directly without the need for a central intermediary.
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XRP is a cryptocurrency with a strong team behind it, a clear use case, and potential for mass adoption. It’s currently the third largest cryptocurrency by market cap, and has been praised by crypto investors for its low price point and high potential for growth. If you’re thinking of investing in XRP, you may be wondering where you can purchase it. In this article, we’ll outline some of the best places to buy XRP.
What is XRP?
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be exchanged for other currencies, products, and services. As a digital asset, XRP also provides a way to hold or invest in the XRP Ledger in a more abstract way.
How to purchase XRP
You can purchase XRP on a number of exchanges and from a number of brokers. The best way to find the best exchange or broker for you is to compare a few of them and see which one offers the best price. Some exchanges will also offer you a wallet to store your XRP in.
Option 1 – Changelly
Changelly is a popular cryptocurrency exchange that allows you to purchase XRP with fiat currency (USD, EUR, GBP, etc.) or another cryptocurrency. You can read our full Changelly review here.
If you decide to use Changelly to purchase XRP, here’s a step-by-step guide to doing so:
Step 1: Enter how much XRP you want to buy
First, go to Changelly.com and enter how much XRP you want to buy in the “You Send” box. Then select your preferred currency from the drop-down menu in the “You Get” box.
Step 2: Enter your Ripple (XRP) wallet address
Next, enter your XRP wallet address in the “Destination Tag / Payment ID” box. If you don’t have an XRP wallet address yet, we recommend using the Ledger Nano S hardware wallet.
Changelly will now show you the total amount of fiat currency or cryptocurrency you need to send in order to receive your XRP.
Step 3: Enter your payment details
Now you need to enter your payment details so that Changelly can process your transaction. You can choose between different payment methods including credit/debit card, bank transfer or other cryptocurrency.
Step 4: Review and confirm the transaction
Before confirming the transaction, take a moment to review all of the details including the amount of XRP you’re buying, the total cost of the transaction and the destination wallet address. If everything looks correct, click on the “Confirm & Make Payment” button.
Step 5: Send your payment
After clicking on the “Confirm & Make Payment” button, Changelly will provide instructions on how to complete your payment. These instructions will vary depending on which payment method you selected in Step 3.
Step 6: Receive your XRP
Once Changelly receives your payment, they will initiate a transfer of XRP to your wallet address. The time it takes for this transfer to be completed will depend on which payment method you used in Step 3 but it should generally only take a few minutes.
Option 2 – Binance
Binance is one of the newer cryptocurrency exchanges but has quickly become the largest one. Binance Exchange is an exchange located in Malta and offers trading in a large number of Altcoins, including XRP.
Option 2 – Binance:
-Takes both crypto and fiat currencies
-One of the lowest fees available (.1%)
-Very user-friendly interface, great for those new to trading cryptocurrencies
-Offers a mobile app for trading on the go
Option 3 – Coinbase
Coinbase is one of the world’s most popular cryptocurrency exchanges and allows you to buy XRP with USD. You will first need to create an account and link your bank account or credit card. Once your account is funded, you can go ahead and purchase XRP. Coinbase charges a 1.49% fee for bank account purchases and 3.99% for credit/debit card purchases.
Now that you know what XRP is and how it works, you may be wondering where you can purchase it. There are a few different exchanges that allow you to buy XRP with fiat currency or other cryptocurrencies, and we’ve listed a few of them below.