HomeCryptocurrencyXRPHow to Buy XRP in 2022

How to Buy XRP in 2022

Last updated 13th Dec 2022

Ripple (XRP) is a popular payment cryptocurrency that allows cheap and fast transactions across the globe. This guide will cover everything you need to know about Ripple. From exploring the most popular platforms to buy XRP to investigating the best wallets to store your cryptocurrency assets, we have covered it all in this guide. You’ll also learn some interesting facts and information to help you decide if XRP is worth your investment or not.

Best Crypto Exchanges to Buy XRP

We listed below the best XRP exchanges.

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More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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The largest NFT marketplace
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eToro - The Overall Best Way to Buy XRP

eToro is perhaps the best platform to buy XRP because this broker offers free insurance for up to 1 million EUR/AUD/GBP, copy trading, different trade order types, and segregated accounts. You can also launch a demo account to test the software and learn how to trade before risking real funds. Furthermore, the platform has multiple deposit methods, fast ID verification, and an interactive crypto app. You can learn more about eToro in the table below:

💰 Trade Values:CFDs, ETFs, Currencies, Indices, Cryptocurrencies, Stocks, and Commodities.
📊 Software:Website and smartphone app.
🏆 Demo Account Available:Yes
📺 Ease of use:Excellent
⭐ Our rating:5/5
📱 App Available:iOS and Android
🧩 Regulation:Cyprus Securities and Exchange Commission (CySEC)
💰 Fees:1% of purchase order
🔁 CFDs Available:Yes
⚽ Social Trading:Yes

How We Compare

In the comparison table, we include crucial information such as trade values, fees, and ease of use so if you are new to cryptocurrencies, you know which platforms are the easiest to navigate and where to go to avoid hefty transfer fees. For your peace of mind while trading, we state whether or not each crypto is regulatory-approved and by which institutions.

We even add our own overall rating of each crypto coin.

There is a lot happening in the cryptocurrency market right now, with a variety of tokens created on different platforms and a mode of operation that is very unlike that of traditional financial institutions. Both novice and experienced investors can use our comparison tables to simplify the process of identifying the right cryptocurrencies for them.

As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content. This puts investors in the best position to make smart crypto decisions.

Best Platforms to Buy and Trade XRP

This part of the guide uncovers the best platforms for XRP trading, buying, and storing Ripple.

Buy XRP using cryptocurrency brokers - the easiest way

The most straightforward way to acquire Ripple is via a cryptocurrency broker. These are platforms that facilitate trades between users for a fee. They have simple interfaces and often have an educational section for traders to help them in leveling up their game.

ProviderFee (USD 1000)Get Started
🥇 eToro1% fee for buying or selling crypto.Start with eToro now
🥈 BinanceStarting from 0.1%; varies based on trading volume.Start with Binance now
🥉 KuCoinStarting from 0.1%; varies based on trading volume.Start with KuCoin now


eToro is amazing for its simplistic design principles, which make crypto trading easy for beginners. In addition, the platform features a demo account and in-depth courses to help get started.


Binance provides a premium user experience with an intuitive trading interface, multiple deposit options, and swap pairs for XRP. Also, they have a built-in wallet where you can securely store your crypto assets.


KuCoin is one of the cheapest and easiest crypto exchanges to use because of its many trading tools. Moreover, they focus on providing excellent security, and all users can choose to have a trading interface password with 2-step authentication.

Buy XRP on eToro: Step-By-Step Guide

Step 1: Open eToro
Step 2: Verify your identity
Step 3: Deposit money
Step 4: Buy XRP
Step 5: Send Ripple to a wallet

Best Wallet to Buy and Store Ripple - XRP Wallet Comparison

It is recommended to store your crypto assets in a cryptocurrency wallet, especially a cold wallet, rather than an exchange. This is important to shield your funds from different kinds of online attacks. Crypto exchanges are often targeted by hackers, risking the security of your funds. Below you’ll find the best hardware and software wallets for storing XRP short or long-term.

ProviderWallet TypeGet Started
🥇 Ledger Nano XHardware WalletStart with Ledger now
🥈 Trezor Model THardware WalletStart with Trezor now
🥉 Trust WalletSoftware WalletStart with Trust Wallet now

How to Sell Ripple in 2022 Using eToro?

Selling coins like XRP is a smooth process with eToro. Here’s a simple guideline for cashing out your investment:

  1. Sign in to eToro and head over to the cryptocurrencies tab. Select XRP to open the trading interface.

  2. At the top of the page, select the sell option and input the amount of XRP to exchange. Review the order and press “Open Trade” to finish.

Buy XRP Using CFDs - Best for Trading

An alternative way to invest in Ripple is with CFDs (Contract For Differences) issued by brokers. These are derivative products, so you won’t own the underlying asset while still investing in the coin. This also means you cannot withdraw, transfer, or spend your Ripple. However, crypto brokers often have easy investing methods, perfect for beginners. Here you can find the top three options:

ProviderFee (USD 1000)Get Started
🥇 eToro1% fee for buying or selling crypto.Start with eToro now
🥈 EightcapThe minimum spread is 0.001.Start with Eightcap now
🥉 TickMillTypical spread of 0.001.Start with TickMillnow


The ideal choice for beginners trading XRP is eToro because it features simple graphs and an intuitive interface for investing. The platform is well-known for having a quick-response customer support team and a resourceful FAQ section which is updated from time-to-time.


Eightcap is an advanced trading software that lets you set up indicators and view different time graphs. The tutorials are accurate, and familiarizing yourself with the platform is fast.


TickMill is perfect for expert traders due to its multiple trading apps (MT5, MT4, and CQG), tools, and graphs. Also, you can access educational resources like webinars, seminars, ebooks, infographics, and courses to strengthen your trading knowledge.

Best Apps to Buy XRP - Most Convenient

Exchange smartphone apps are the most convenient way to invest if you can’t physically access a desktop device. They allow you to trade, stake, withdraw, and deposit coins as long as you have an internet connection. Take a look at the top three options:

ProviderFee (USD 1000)Get Started
🥇 Crypto.comStarting from 0.075%; varies based on trading volume.Download now
🥈 KrakenStarting from 0.26%; varies based on trading volume.Download now
🥉 BinanceStarting from 0.1%; varies based on trading volume.Download now

Buy XRP on eToro App: Step-By-Step Guide

Step 1: Create an account
Step 2: Verify your identity
Step 3: Deposit money
Step 4: Buy XRP

Buy XRP With Crypto Exchanges - The Cheapest Way

You can experience affordable trading with cryptocurrency exchanges because these platforms follow a low-fee structure. Also, having a high 30-day trading volume will place you in a different fee bracket with better terms regarding the trading fee. These options were selected for providing a premium service along with low platform costs.

ProviderFee (USD 1000)Get Started
🥇 BinanceStarting from 0.1%; varies based on trading volume.Start with Binance now
🥈 KuCoinStarting from 0.1%; varies based on trading volume.Start with KuCoin now
🥉 KrakenStarting from 0.26%; varies based on trading volume.Start with Kraken now

Buy XRP on Binance: Step-by-Step Guide

Step 1: Open Binance and register
Step 2: Deposit money
Step 3: Open the trading interface
Step 4: Complete the trade
Step 5: Confirm the transaction using the blockchain explorer

Buy XRP Using Decentralized Exchanges (DEX) - The New Way

A unique way to buy XRP is with a DEX (Decentralized Exchange). This is a decentralized application built on the blockchain that uses smart contracts to run. Moreover, these platforms work by connecting a crypto wallet and swapping tokens using a liquidity pool system. Also, DEXs are unregulated and allow you to purchase coins anonymously.

ProviderFee (USD 1000)Get Started
🥇 SimpleSwapVariesGet started now
🥈 SologenicVariesGet started now
🥉 onXRPVariesGet started now

Can You Buy XRP Using P2P Services?

There are no worthwhile platforms to use that offer P2P services for buying XRP. Instead, you can search for local crypto forum groups and facilitate trades in person. However, when trading in person, wait until the transfer is complete to avoid getting scammed.

Peer-to-peer (P2P) trading refers to the direct trading of cryptocurrencies between two individuals without an intermediary. Since both parties can choose their preferred form of payment and an agreed-upon fee, it is mutually beneficial.

Can You Buy XRP Using Other Trading Platforms?

Due to Ripple’s SEC lawsuit controversy, a few crypto platforms have de-listed the token. Here you can examine which exchanges or brokers still offer opportunities in buying XRP.

Cryptocurrency PlatformCan You Buy XRP?Trading Fees (USD 1000)Review
BinanceYesStarting from 0.1%; varies based on trading volume.Binance review
TD AmeritradeNoN/AN/A
BitstampYesStarting from 0%; varies based on trading volume.Bitstamp review
BittrexYesStarting from 0.35%; varies based on trading volume.Bittrex review
CoinbaseNoN/ACoinbase review
PoloniexYesStarting from 0.155%; varies based on trading volume.Poloniex review
BitrueYesStarting from 0.2%; varies based on trading volume.Bitrue review
CoinDCXYesStarting from 0.2%; varies based on trading volume.N/A
CoinSwitchYesStarting from 0.5%; varies based on trading volume.N/A
Crypto.comYesStarting from 0.075%; varies based on trading volume.N/A
Gate.ioYesStarting from 0.2%; varies based on trading volume.N/A
HotbitYesStarting from 0.2%; varies based on trading volume.N/A
KrakenYesStarting from 0.26%; varies based on trading volume.Kraken review
KuCoinYesStarting from 0.1%; varies based on trading volume.KuCoin review
RobinhoodYes$0 commissions; varies based on order flow fee and trade volume.N/A
UpholdYesBuy spread of 0.95%.N/A
VoyagerYes$0 commissionsN/A
WazirXYesStarting from 0.2%; varies based on trading volume.WazirX review
WealthsimpleYes$0 commissions.N/A
WebullYes$0 commissions.N/A

What Is the Difference Between Buying Ripple and CFDs?

Cryptocurrency brokers issue CFDs (Contract For Differences), which are derivative products. This means you will not own the underlying asset while speculating its future value. Also, with Ripple CFDs, you cannot transfer them from the broker and spend them. Below you can learn about some advantages and negatives of investing in CFDs.


Contract For Differences are issued by regulated brokers.
Most brokers have no commission and deposit fees.
CFDs have easy buying processes for beginners.
Great for those who are less tech-savvy as you don’t need to set up a crypto wallet for storing XRP.


Cannot utilize the coin as you are buying a derivative product.
CFD brokers (apart from eToro) do not let you withdraw to a private crypto wallet.
No option to receive airdrops.
Cannot lend XRP to earn passive income.

Best Ways to Buy XRP

Here are the top crypto platforms to buy Ripple XRP using different payment methods and what they’re best for.

Buy XRP instantly with online banking - the fastest way

Binance is one of the best platforms that accept online banking as a deposit method with fast transfer times. Also, the exchange will remember your information, making future deposits convenient.

Buy XRP with PayPal - the safest way

You can buy Ripple with PayPal by using it as a deposit method on Crypto.com. Afterward, use the trading interface to purchase XRP.

Buy Ripple using a debit card - the cheapest way

Use your debit card to deposit funds on Binance and navigate to the spot trading tab to purchase XRP.

Buy Ripple using a credit card

Investors can top up their accounts on Binance via credit card. This platform is brilliant for its educational resources, multiple Ripple trading pairs, and low fees.

Best Platforms to Buy Ripple in Other Countries

The best providers vary between nations due to licenses, laws, and crypto regulations. Below you can analyze the top cryptocurrency platforms in each country to buy Ripple XRP.

Country to Buy XRP inBest ProviderProvider TypeFee
AustraliaeToroBroker1% fee for buying or selling crypto.
UKeToroBroker1% fee for buying or selling crypto.
BangladesheToroBroker1% fee for buying or selling crypto.
CanadaBinanceExchangeStarts from 0.1%; varies based on trading volume.
HawaiiCEX.ioExchangeStarts from 0.25%; varies based on trading volume.
IndiaWazirXExchangeStarts from 0.2%; varies based on trading volume.
JapanBitFlyerExchangeNo trading fee
NepalKrakenExchangeStarts from 0.26%; varies based on trading volume.
New ZealandBinanceExchangeStarts from 0.1%; varies based on trading volume.
PakistanKuCoinExchangeStarts from 0.1%; varies based on trading volume.
PhilippinesBinanceExchangeStarts from 0.1%; varies based on trading volume.
SingaporeCrypto.comExchangeStarts from 0.075%; varies based on trading volume..
South AfricaeToroExchange1% fee for buying or selling crypto.
UAEeToroBroker1% fee for buying or selling crypto.

What Are the Fees When Buying Ripple?

This table discloses the fees you’ll pay for buying $1,000 worth of Ripple and holding 30-days.

PlatformeToro BrokerKraken ExchangeBinance Exchange
Deposit fees$0$0$0
Purchase fees$10$2.60$1
Holding fees$0$0$0
Selling Fees$10$1.60$1
Payout fees$5$0$15
Total fees$25$4.20$17

Cheapest Way to Buy XRP

Binance, KuCoin, and Kraken Pro have adopted a tier system for calculating fees. Based on your trading volume amount, you can potentially enter a different bracket with better fee rates. The listed options have great liquidity for XRP and better-than-average fee rates.

ProviderFee (USD 1000)Get Started
🥇 BinanceStarting from 0.1%; varies based on trading volume.Download now
🥈 KuCoinStarting from 0.1%; varies based on trading volume.Download now
🥉 KrakenStarting from 0.26%; varies based on trading volume.Download now

Fastest Way to Buy XRP

These crypto platforms were selected for their quick sign-up processes and instant deposit methods. Also, they all offer excellent trading tools and order types for buying XRP.

ProviderFee (USD 1000)Get Started
🥇 eToro1% fee for buying or selling crypto.Get started now
🥈 Crypto.comStarting from 0.075%; varies based on trading volume.Get started now
🥉 KrakenStarting from 0.26%; varies based on trading volume.Get started now

How to Buy Ripple Anonymously?

The following section covers how to purchase XRP without revealing your identity.

How to buy Ripple without registration or KYC?

You can avoid the registration and KYC process if you use a decentralized exchange. These applications require connecting a crypto wallet, allowing you to remain anonymous.

How to buy Ripple without verification?

KuCoin allows its users to trade XRP without completing ID verification. However, you can only deposit cryptocurrency, and your account will have withdrawal limits.

Alternatively, you can use a DEX to trade XRP because there is no verification process.

Can you buy Ripple offline?

Ripple cannot be bought offline as you need an internet connection to use brokers,crypto exchanges, and P2P platforms.

Should You Buy or Sell Ripple?

Ripple is a risky coin to buy as it’s in the final stages of a lawsuit with the SEC. Nevertheless, the coin is being utilized by hundreds of financial institutions, including UBS, Bank of America, and Santander Group, giving it a tremendous value. Here are some pros and cons if you want to learn more about the coin:

Why should you buy Ripple?Why should you sell Ripple?
Transactions are fast and cheap.Ripple has gained negative attention due to the SEC lawsuit.
Ripple’s payment network is already being utilized by financial institutions.Centralized.
Ripple can be used by individuals and business owners for secure transfers.XRP’s value is volatile and heavily depends on how the overall market is doing.
Ripple has been one of the top-performing cryptocurrencies.Disliked by the community for being centralized.
Supported on most crypto mobile wallet apps.Ripple’s huge market cap means there is little chance for significant profits.

Do You Need to Pay Tax on Ripple in the US?

Cryptocurrencies are viewed similarly as “property” by the IRS. Therefore, you need to pay long or short-term capital gain tax depending on how long you hold XRP. Also, profits will impact which tax bracket you enter. To find the most relevant information visit your state’s official website regarding cryptocurrency taxing.

Ripple Price Prediction: What Is the Future of XRP?

No matter what experts say, predicting Ripple’s future value is near impossible due to the ongoing legal battle with the SEC. This part of the guide will analyze what can impact XRP’s value.

What impacts Ripple price?

The five main factors impacting Ripple’s value are:

Adoption: Ripple is doing a great job of getting more banks on board with their payment system. Currently, they have over 100 financial institutions and are increasing that number every quarter.

Market status: Ripple’s value closely follows how the overall market performs. For example, during bull runs, when all altcoins are rising, Ripple will spike in value. However, during bear markets, XRP will bottom out.

News: Bad news like SEC suing Ripple negatively affected its price as investors pulled out funds. Similar news can have the same impact.

Laws: Countries implying stricter laws can make cryptocurrencies less accessible, resulting in fewer people investing. Also, unfriendly-crypto laws can make it harder for Ripple to become more adopted by institutions.

Demand: As demand increases and fewer people sell, Ripple’s value grows. This is because investors are willing to pay more for each coin.

Historical Ripple Course: Major Milestones in the History of Ripple

Below, you can learn about a few major milestones Ripple went through since it was launched.


Other Ways to Make Money With Ripple in 2022

Now, you’ll learn about alternative ways you can make money with XRP.

Stake Ripple using DeFi or CeFi

Ripple cannot be staked because it uses a consensus protocol to facilitate transfers, not a POS (Proof-Of-Stake) system. Nevertheless, Binance has a flexible saving product for Ripple with approximately 0.45% APR. Therefore, you can still earn passive income, regardless if the coin does not support staking.

Buy Ripple using ETPs (ETFs & ETNs)

You can purchase XRP ETPs from 21Shares. These are Exchange-traded products sold on the stock exchange.

Buy and sell NFTs using XRP

NFTs (non-fungible tokens) are unique digital data stored in the blockchain that allows people to represent ownership over digital assets like tickets and art. Ripple has committed $250 million to the Creator’s Fund to bring artists’ NFTs to the XRP Ledger. However, currently, there is no marketplace for trading NFTs with XRP.

Buy stocks and shares in companies owning Ripple

Bank of America is one of the largest entities with investments in Ripple. Their stock is available to buy on eToro.

Use Ripple Faucets

Some cryptocurrency exchanges offer faucets to clients, which are rewards for participating in courses and quizzes. Coinbase is the ideal option for this activity since they offer many promotions. Also, you can track specific courses, and Coinbase will email you when it’s available to complete for rewards.

Fun Fact: Unlike Bitcoin, Ripple cannot be mined. All 100 billion XRP ever created already exist, although not all are in circulation yet.

What Cryptocurrencies Are Similar to Ripple?.

Below are some alternatives to Ripple you may want to consider:


For those who wish to send or receive money swiftly and affordably. Stellar might be a better option for you if you're seeking for a more decentralized blockchain. However, Ripple isa better option for you if you're seeking for a US-based blockchain.


Both coins have unique applications. Ripple's xCurrent software enables banks to differentiate themselves from the competition by offering state-of-the-art cross-border payment services while significantly reducing overall processing costs. Tether allows investors to transfer money while reducing volatility between the regular financial system and the cryptocurrency market.

Bitcoin Cash

Another competitor of Ripple is Bitcoin Cash, but due to XRP's faster transaction processing and lower fees, the Ripple system outperforms the Bitcoin Cash.

CoinSymbolLearn how to buy
StellarXLMBuy Stellar
TetherUSDTBuy Tether
Bitcoin CashBCHBuy Bitcoin Cash

What to Consider when Buying XRP

Improves international transfers

Ripple is providing stiff competition to the payment giant SWIFT (the mechanism used by the majority of financial institutions for international money transfers). It offers a global payment network called RippleNet to facilitate international trade.

Financial institutions using RippleNet have the ability to send money using XRP. However, due to the volatility of XRP, most of Ripple's partners avoid it.

Quick and inexpensive

The speed and low cost of each transaction are the two main advantages of XRP. On Ripple, a typical transaction costs 0.0002 XRP.

Each transaction takes an average of five seconds to complete. In general, XRP is an effective way to send money.

It’s value has dropped significantly since all-time high from 2018

In 2021, many cryptocurrencies broke their previous highs, but XRP is an exception. When it briefly reached a price of $3.84 in January 2018, that was its peak.

The price of XRP, which has largely followed the ups and downs of the rest of the cryptocurrency market, reached $1.96 in April of this year. Since then, it has fallen and currently sits at around $0.46. The complaint from SEC is perhaps why XRP's gains have been less than other coins.

Is It Still Worth Investing in Ripple or Not?

Ripple is not worth investing in right now, mainly because of the SEC lawsuit. This event has caused XRP to experience multiple price drops and negative news coverage. Moreover, Ripple is a centralized cryptocurrency, defeating the purpose of creating a decentralized economy. Note: Not a Financial Advice (NFA).

Investing in cryptocurrencies will always come with a level of risk.


What Is the Best Provider to purchase XRP Ropple in the US?
What Is the Cheapest Provider to Buy Ripple in the US?
Is It Worth Investing in Ripple Right Now?
Is There a Limit to How Many XRP Ripple I Can Buy?
Can You Buy Ripple on the Blockchain?
What Can You Buy With Ripple?
Is XRP and XRP Ledger the same?

Find Out More About Ripple & Altcoin Guides

Dominikas Pupkevicius

Dominikas Pupkevicius

Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.