Ripple, also known in the cryptocurrency market as XRP, is one of the most popular digital currencies in the space and it has attracted a large number of investors in the last years. In this article, we will explain to you how to buy ripple through a wide number of exchanges, including Binance, Coinbase, Bitstamp and Kraken. Although there are other exchanges, these are the most popular and safest platforms to deal and handle digital assets.
How to Buy Ripple (XRP) on Binance?
One of the most popular exchanges in the market is Binance. The platform launched in 2017 became a leader in the market and it offers the possibility not only to trade XRP but also a large variety of digital assets.
Some of the advantages of using Binance are its user-friendly interface and the very friendly support team that helps users solve the issues that could arise while trading cryptocurrencies.
In order to start trading through the Binance platform, you will have to create your own account. You can click in the ‘Register’ tab at the upper right corner of the screen.
You should always be sure that you are using the Binance.com platform rather than other sites. It is certainly possible to make a mistake and be scammed by hackers through a phishing scam.
Once you create an account on the Binance exchange, you will have to add funds to the account. One of the easiest ways to do so is by directly purchasing XRP through a credit card. Binance partnered with Simplex in order to offer users the possibility to acquire a wide range of virtual currencies with credit cards. You can purchase Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Litecoin (LTC) and some stablecoins.
If you purchase XRP with a credit card, they will be deposited in your account in a short period of time. You just need to check the official Binance page to understand how long it will take for your funds to be deposited.
If you have already Bitcoin or another cryptocurrency in a private wallet or other exchange and you want to buy XRP, you will have to send the funds to your Binance wallet.
In this way, you will be able to start trading cryptocurrencies, including Ripple (XRP). On the ‘Exchange’ tab, you will have to select which platform you would like to use to trade, the basic or the advanced exchange.
To start it is always recommended to use the ‘basic’ exchange. Once you open this page, you will have to type XRP in the search box and select the trading pair you want to use to exchange XRP.
It is always recommended to withdraw the XRP you purchased considering Binance doesn’t provide you with your private keys. The funds can be frozen by Binance or eventually stolen if there is a hack or an attack.
How to Buy Ripple (XRP) on Coinbase?
Coinbase is also a very popular cryptocurrency platform to buy and sell cryptocurrencies. If you do not have an account on this platform, you will have to select the ‘Get Started’ tab on the right side of the page at the top.
Once you create an account you will be able to start dealing with different cryptocurrencies, including Ripple (XRP). In the main screen, you will have to select the ‘Buy’ button for the XRP cryptocurrency, which is the one that you are trying to handle.
After doing so, you will have to add a new payment method which can be a bank account or using a debit or a credit card. As mentioned before for the Binance exchange, the easiest and fastest way to acquire XRP or any other digital currency is by using debit or credit cards.
If you have added a credit card or a bank account, it is just enough that you will select the cryptocurrency that you want to acquire. In just a few minutes, you will be able to have the XRP you desire in your Coinbase account.
A useful trick is not to use Coinbase due to the high fees it takes for processing a transaction when you buy or sell a cryptocurrency. You can open an account on Coinbase Pro, where fees are much lower for simple transactions. At the same time, you will not have to pay for withdrawal fees if you want to send the funds to your private wallet.
If you have Bitcoin or another cryptocurrency in another exchange, or if you have a loaded wallet, you can send these funds to Coinbase Pro and exchange them for XRP. At the moment, there are different XRP trading pairs on the Coinbase Pro platform including XRP/USD, XRP/EUR and XRP/BTC. In the future, new trading pairs could be added to Coinbase and Coinbase Pro, allowing you to have more possibilities to buy XRP.
How to Buy Ripple (XRP) on Bitstamp?
Bitstamp is another large crypto exchange that would help you acquire several cryptocurrencies, including the XRP digital asset. Before registering yourself and sharing your private information, check that the website is the official one, so to avoid a phishing scam.
The procedure to create an account to acquire XRP on Bitstamp is very straightforward. You just need to register yourself by clicking on the ‘Register’ button.
Once you have an account registered on Bitstamp, you will have to deposit funds on the Bitstamp account. You can add funds through different methods, including through a bank account located in the European Union through SEPA, which stands for Single Euro Payments Area. You can also use an international bank account.
You can also deposit other cryptocurrencies, which would allow you to later exchange them for XRP rather than through a typical EUR deposit. You will have to provide your private information such as first and last name and the amount of EUR you want to deposit.
After the deposit is made, you will have to press the Buy/Sell tab on the home page of the cryptocurrency exchange. There you will have to select the XRP trading pair and select the order you want the market to execute. It is possible to use an instant, a limit and a market order.
At the moment, Bitstamp offers three different XRP trading pairs, including XRP/BTC, XRP/EUR and XRP/USD.
We highly recommend you to send the XRP you just acquired to a cryptocurrency wallet in which you can control the funds you own. This would help you reduce the risk of losing the funds due to a hack or an attack on the Bitstamp exchange. Although platforms tend to be secure, they have always been affected by these issues.
How to Buy Ripple (XRP) on Kraken?
Kraken is also a very easy-to-use exchange in the market that is working so as to offer solutions to cryptocurrency enthusiasts. The firm wants to help individuals handle their cryptocurrencies in a fast and easy way.
To buy XRP on Kraken, you will have to open an account or sign in. As in the previous exchanges, creating an account should be an easy task considering that you will have to provide your email, a username and a password.
One of the main advantages of the Kraken exchange, which has been operative since 2011, is the fact that it offers users the possibility to trade a wide range of virtual currencies. Other platforms have just a few trading pairs, while Kraken has been adding several projects to its exchange.
After creating an account, you will have to click on the ‘Funding’ tab, which would help you deposit funds to your account, which will later be used to acquire the XRP cryptocurrency.
You can deposit a large number of fiat currencies including the Canadian dollar (CAD), U.S. dollars (USD), Euro (EUR), British pound (GBP) and even Japanese yen (JPY). You can select a deposit method – you can select the bank you want to use.
At the same time, if you have some cryptocurrencies in another exchange or platform, you will have the possibility to deposit BTC and exchange them later for XRP.
In the ‘Trade’ tab, you will be able to select the trading pair you want to handle to acquire XRP. If you deposited euro, the best thing to do is to directly purchase XRP. If you make several transactions, fees would end up eating a part of your funds. You can purchase XRP with the following fiat currencies: USD, EUR, CAD and JPY. You can also exchange XRP for BTC.
In this article, we have shared with you which are the different exchanges that allow you to acquire XRP, the third-largest digital asset in the market after Bitcoin and Ethereum. The easiest way to have access to XRP is to purchase it through a credit card. If you don’t have this possibility, you can deposit some funds in one of the aforementioned exchanges and start handling XRP as soon as possible.