It acts as an infrastructure layer that supports low-cost, borderless transactions and allows for transferring money and cryptocurrency. XRP (XRP) was launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. It was designed as a digital payment network to reduce the cost of international payments. 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.

But others require noncustodial wallets that leave the user responsible for securing private keys. Centralized exchanges such as Kraken and Coinbase offer users sex drugs and bitcoin custodian wallets. XRP is also supported on noncustodial software wallets such as GateHub, Xumm and Trust Wallet, as well as noncustodial hardware wallets such as Ledger, Keystone and Trezor. Many centralized exchanges allow the U.S. dollar or other fiat currencies for payment. Fiat currencies are government-supported currencies that are not backed by physical assets.

How to buy XRP step-by-step

That “Miracle on the Hudson” coverage won many breaking news awards. News & World Report, where she oversaw multiple verticals including advisors, brokers and investing. XRP has advantages over bitcoin, ethereum and other leading cryptocurrencies, but it may only be right for some investors.

Ripple (XRP) is one of the leading cryptocurrencies with a strong value proposition and market capitalization. Aiming to facilitate the institutional adoption of cryptocurrency, Ripple is tackling a critical problem head-on. Traditional institution transactions, especially international ones, are slow, costly and inefficient.

Choose your payment method and confirm

This can be a much faster and cheaper approach versus paying the high fees banks and money remittance organizations may charge. Now that you have specified the asset you want to buy and your payment method. Fill in the amount to purchase on the middlebox with the fiat currency selected or by specifying how many XRP coins you wish to buy. 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.

Please note that the availability of the products and services on the Crypto.com App is subject 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. Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. It is worth differentiating between XRP and Ripple because the two entities are not the same, and often people wrongly use these terms interchangeably. Ripple is the fintech company that is developing a payment settlement system called RippleNet, while XRP is a cryptocurrency native to the XRP Ledger blockchain.

Step 2

To purchase XRP on a DEX, you connect your cryptocurrency wallet to the platform to swap your assets. You can fund your wallet by buying cryptocurrency on a CEX and transferring it over to your wallet of choice. One of the disadvantages of using a CEX is that they have control over your assets as the custodian. While the security on these platforms is cryptocurrency mining the ultimate guide to understanding bitcoin ethereum litecoin 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.

• Known for its expansive DeFi presence and support for micropayments, XRP Ledger aims to revolutionize even the TradFi sector.
• In the confirmation screen, Uphold will provide the purchase rate for each XRP, and the terms of the sale.
• “On (the) one hand, the digital currency has demonstrated its utility in streamlining international money transfers.
• On Kraken, the XRP/USD pair is the most liquid, and your trades should settle immediately.
• One of the main reasons for Coinbase’s popularity is its established position as one of the largest cryptocurrency exchanges globally.

An investment plan helps you decide what you will buy, how often, and the quantity of that asset to buy. 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. While we cover a range of products, our comparison may not include every product or provider in the market. Always confirm important product information with the relevant provider and read the relevant disclosure documents and terms and conditions before making a decision. 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.

By implementing these best practices, you can significantly enhance the security of your XRP storage. things you need to know about storing your bitcoin Remember that securing your XRP is an ongoing process that requires regular attention and updates. 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.

• It is possible to buy Wrapped XRP, a tokenized version of XRP, on decentralized exchanges (DEXs).
• To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.
• Coinbase accepts debit cards, ACH deposits, wire transfers, Apple Pay and Google Pay, allowing you to buy cryptocurrency easily.
• If you want to buy Ripple, start by comparing a range of crypto brokers and exchanges available in the US.
• This isn’t just about adding a shiny asset — it’s about cracking into the real-world asset (RWA) game in a serious way.
• Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations.

RELATED NEWS

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. 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. XRP can be purchased on Coinbase, Robinhood, eToro, Kraken and other exchanges.

Is XRP available on Coinbase?

Look at their features, fees, security and overall reputation to decide which platform is right for you. Some platforms only offer 1 way to buy Ripple, while others provide several choices. The 2 most common ways to buy XRP are on the spot market or with an “instant buy” feature.

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. Then, navigate to the trade or search section and type in XRP or Ripple. After selecting the token, confirm the amount you want to purchase and pay using your preferred payment method. A decentralized crypto exchange allows users to make direct transactions through blockchain technology to complete trades without needing a centralized intermediary.

Spot market

Next, click the To field to specify which asset you intend to purchase. You can use the search box to search for XRP or click the Cryptocurrencies filter just below the search box, then select XRP from the list. In August 2024, Ripple was ordered to pay a $125 million penalty for improperly selling XRP tokens. Subsequently, in October 2024, the SEC dropped its remaining claims against Ripple’s executives, Garlinghouse and Larsen.

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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. In 2020, the SEC filed a lawsuit against Brad Garlinghouse, Chris Larsen, and Ripple Labs itself.

If you are using the mobile app, just tap on the transaction icon in the middle of the bottom navigation, which should load the transaction wizard. Once you are done with the account setup stage, you are now ready to fund your account, but before doing that, you might want to first review your XRP investment strategy. Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. Securities and Exchange Commission (SEC) alleged that XRP was a security and charged XRP’s parent company — Ripple — with violating securities laws.