This can be a much faster and cheaper approach versus paying the high fees banks and money remittance organizations may charge. 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. XRP is a payments network that is designed to serve the financial services industry. It’s a relatively popular crypto—and it consistently lists among the top 10 cryptocurrencies by market capitalization.
Once a wallet address is generated, you will be able to send funds. It is worth pointing out that you can only send the virtual currency linked to that address. That means that if you generated a USDC address, you can only send USDC coins to it.
Like many things in life, there are some caveats, especially if you’re purchasing XRP with another crypto. 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. In short, it’s a cryptocurrency that helps 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.
Limit buys are usually the best order to purchase or sell virtual currencies. It is very easy to use and users could simply select the price at which they want to really acquire the funds. If you prefer to get XRP as soon as possible, then a market order would get executed immediately.
XRP is one of the more ambitious cryptocurrencies aimed at revolutionizing global payment systems and the digital economy. Store, pay & transfer Ripple, and more cryptocurrencies on Trust Wallet. XRP accounts for over 2.5% of the current trading volume on the Binance exchange. Now you know how to buy ripple (exchange your Bitcoin for Ripple) on Binance. Follow the same procedure for Ethereum, Litecoin or any other cryptocurrency you have to swap for XRPs. As a last thing, make sure you do secure your Ripple tokens by storing them on a Ripple wallet.
Using Trust Wallet, you can easily and securely transfer XRP around the globe. Our wallet provides you with an easy to use application where you can spend your XRP anywhere and on anything you want. The various developments on Ripple have made it a top choice for not only daily transactions but also an investment opportunity for the nearest future. You may hear from your co-worker that he wanted to buy Ripple when it was $0.004 or lower. An interesting caveat is that dedicated XRP wallets require you to hold at least 10 XRP to activate your wallet on the XRP Ledger.
In the case of BTC/USDT, bitcoins can be converted into Tether, a stablecoin whose value is pegged to the U.S. dollar. Trust Wallet is a secure multi-coin wallet for all your crypto needs. With the Trust Wallet App, you can trade/swap XRP with other cryptocurrencies on the go. Experience Binance DEX and Kyber Network with the Trust Wallet Multi-DEX in a single-window making it easier than ever to trade.
You get to see how much BTC a Ripple costs at the first box labeled ‘Price.’ On the second box ‘Amount,’ you are expected to input the number of Ripples you would like to purchase. Before making your purchase, research which trading platform suits you best based on security and ease of use. Once your account is funded, you’re ready to start buying XRP.
Where Can I Buy XRP?
This is the first step you need to follow if you want to know how to buy Ripple. Now that you have purchased some Bitcoins or fractions of Bitcoin let’s proceed to exchange them for Ripple. In the next steps, we will teach you how to buy Ripple (XRP). You’ll want to check the type of currency that you’ll need to use to purchase XRP. Binance is not the only one but we choose it because of its safety and friendly interface, compared with other exchanges.
When the Basic page is fully loaded, at the top right section of the page, locate the cryptocurrency pair you want to trade. Having BTC (Bitcoin) to exchange for XRP (Ripple) you will want to search for the XRP/BTC pair. Same process if you have funded with any other cryptocurrency, you just replace the BTC with what you have. You can use XRP to exchange between fiat currencies rather than directly exchange currencies through a traditional financial institution.
- Note the terminology of “trading pairs,” such as Bitcoin (BTC) to Tether (USDT).
- Within your chosen exchange, find the XRP currency and enter the amount you’d like to invest.
- And you’ve probably heard of a few of its customers, which include Bank of America, American Express and Santander, to name a few.
- In the ‘Funds’ section select the ‘Deposits’ option and select the digital currency you want to deposit.
- Cryptocurrency exchanges require you to usually verify your account in order to prove you are a human and not a robot.
Buy & Trade Ripple (XRP) for yourself, it’s easy using Binance and you can even save 20% on all trading fees by signing up here. Irrespective of the page you are on, locate the Exchange link at the top of the site, next to the Binance logo. After you have sent your Bitcoin or any other one you purchased to Binance, you may need to wait a moment for the transaction to reflect in your wallet and also fully confirmed. Binance might require you to complete your private information. Regulators from all over the world are requesting exchanges to do KYC and AML controls on users on their platforms. However, this is a standard procedure if you want to know how to Buy Ripple on Binance.
Best Crypto Wallets
The same applies to other digital currencies and addresses generated. Copy this address, go to the wallet you have your cryptocurrency (earlier purchased) stored and send to the wallet address generated by Binance. If you used other deposit methods, then you would have different screens in this section. Don’t worry, the platform is very intuitive and will take you through all the steps you need to follow. Now that you are logged in, you need to send some of those cryptos you bought to the Binance platform. Locate the ‘Funds’ links at the top then click on the ‘Deposits’ option.
Remember that the platform is not only supporting virtual currencies but also several fiat currencies. This is why you are now able to select from a wide range of fiat currencies from all around the world. To purchase XRP using digital currencies other than Bitcoin, the process is very similar.
How to Buy Ripple (XRP) From Binance?
Think of it as a bank account’s minimum balance requirement. Once you buy your XRP, you’ll need a safe place to store it. Within your chosen exchange, find the XRP currency and enter the amount you’d like to invest. While Bitcoin transactions can take minutes or more than an hour, the advantage of XRP is that its transactions are confirmed every three to five seconds.
There are a couple of ways to buying Bitcoins and other alternative cryptocurrencies with fiat. You could buy from friends or family, on marketplaces such as LocalBitcoins, or you buy from Coinbase. There are a lot of resources on the web that will guide you through how to go about that. Keep in mind that Ripple’s XRP needs to be kept in a good Ripple Wallet. Designed to make payment transactions faster and cheaper, XRP settles payments at a fraction of the cost of traditional methods.
If you’re a newbye, you can use the Market tab to buy Ripple from Binance. If security is important to you and you want to remain anonymous on this one-time transaction, you can try this temporary email service. Cryptocurrency exchanges require you to usually verify your account in order to prove you are a human and not a robot. You need to open an account on the Binance Exchange platform. To do this, head over to the Binance Exchange official site and click on the Register link on the top right of the screen.
It will be very easy to use any of the aforementioned cryptocurrencies to purchase XRP. If you have another crypto, you will have to exchange them for one of those using the Binance exchange. Make sure the ‘Limit’ tab is active, that’s the section right under the XRP/BTC price chart. A market tag would buy Ripple for you at a higher price that if you set it yourself.
After verifying your account, you will have to send funds to your Binance account. In the ‘Funds’ section select the ‘Deposits’ option and select the digital currency you want to deposit. Buy as few as $50 worth of XRP on Trust Wallet and store directly in your secure XRP wallet. Trust Wallet is able to be your universal crypto wallet & provide a safe way to buy & store XRP along with a wide range of cryptocurrencies and digital assets.
You should understand that Binance is a cryptocurrency exchange that allows you to buy and sell virtual currencies. As we mentioned before, Binance supports not only digital currencies but also other tokens. There are different deposit methods you can use and there is even an option to buy Ripple (XRP) on Binance directly with debit or credit cards. Before you get some XRPs on Binance, you need to have the same worth of Bitcoin, Ethereum, or Litecoin (or any other) to exchange for Ripple.
He began his financial writing career in 2005 as a marketing copywriter, which is how he refined his investing knowledge and skills. Over the years, he’s written editorial and marketing pieces for many of the world’s leading financial newsletters and publications. His main investing interests are technology, blockchain and cryptocurrency. Note the terminology of “trading pairs,” such as Bitcoin (BTC) to Tether (USDT).