How to buy XRP with a credit card

Buy XRP online with a credit card

XRP is a cryptocurrency, a native token of the open-source XRP ledger. After a lawsuit filed by the American Security and Exchange Commission (SEC), many crypto exchanges rushed to delist XRP from their offerings. Prices have gone down, but most investors see an opportunity for a significant rebound.

Several exchanges still offer XRP. This page explores the various ways to buy XRP with a credit card. We explain the steps and some pro tips for buying XRP.

Best platforms to buy XRP with a credit card – 2021

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What is a credit card?

Credit cards are issued by financial institutions and used against a line of credit for making purchases.

Some exchanges readily accept Visa and Mastercard credit cards. Purchases are treated like cash advances on some credit cards, which eventually attract high interest.

We recommend that users purchase XRP from reputable exchanges only. Other platforms may steal your credit card information.

We also do not recommend users avoid purchasing XRP using credit cards. It might be enticing but crypto purchases with credit cards are expensive. There are credit cards, commission, and trading fees.

Fees can range from 1%-5% depending on the exchange and card you use. Most exchanges will bundle the additional fees together; therefore, users do not realise how much they are losing. On average, purchasing crypto with a credit card adds one-eighth to the total cost.

There are 3 ways users can purchase XRP:

  1. Using XRP wallets – These are downloadable wallets where users can purchase XRP easily.  They function similarly to crypto exchanges.
  2. Peer-to-peer (P2P) marketplaces are decentralised exchanges that match vendors and buyers to buy crypto. Vendors place “Ads” detailing their offers, including the volume and price. 
  3. Crypto exchanges – These are centralised platforms users can utilise to purchase XRP.

Buy XRP with a credit card now at our preferred partner

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Some of the benefits and drawbacks of purchasing XRP using credit cards include:

ProsCons
Speed – Credit cards facilitate quick purchases, which may help users take advantage of price movementLimits – Many exchanges and credit card issuers have imposed limits(daily and monthly) on how much users can spend using a credit card. This is different from bank and cash transactions.
Secure – Credit cards are one of the more secure payment options. There are various layers of protection from the card issuer.Multiple fees – Purchases with credit cards are hit with a commission fee, exchange rate, and credit card fees.
Privacy – Exchanges will require you to verify your KYC details which exposes your personal information.
No grace period on interest payment– The annual percentage rate(APR) would start applying immediately after the purchase. The rates may go up as high as 25%.

How does Ripple (XRP) work?

XRP uses a distributed ledger to facilitate global payment systems and an exchange network. Users can purchase XRP with credit cards.

Ripple facilitates all this via Ripplenet, enabling payment providers, crypto exchanges, and banks to send money seamlessly. Payments over this network are faster and cheaper.

How to Buy XRP online using a credit card

Here are the mainstream methods to purchasing XRP:

Using XRP wallets.

There are XRP wallets available that users can utilise to purchase XRP.

Step 1: Install the XRP wallet on your android or IOS.

Step 2: Select Buy and enter the amount to spend.

Step 3: Proceed to enter your credit card details.

Step 4: Sanction the purchase. 

An example of an XRP wallet includes the Trust wallet and Freewallet.

Buying XRP on a peer to peer (P2P) marketplaces

Step 1: Open an account on a P2P platform and complete the verification process.

Step 2: Search for the sellers who are offering XRP. Find a seller who suits your needs. Use a filter to choose your preferences. Consider the following:

  1. payment method (Credit card)
  2. Volume (number of coins available)
  3. Reputation
  4. Trust level of the seller
  5. Seller availability

Step 3: Open a trade when you find an offer that suits your preferences, enter the number of XRP or amount of money you have, and lock the price.

Step 4: After agreement, the XRP you want to purchase is put in an escrow account that holds the it in trust. Transfer the agreed amount from your credit card to the seller’s account and mark the transaction as “paid”. The seller will release the XRP into your account.

Step 5: We recommend transferring your XRP to a secure wallet like ZenGo, Mist, Trezor One, and Exodus.

Examples of peer-to-peer exchanges include Localcoinswap.

Purchasing XRP from an exchange or broker

Many exchanges and brokers allow for the direct purchase of XRP with a credit card. Here are steps common to many exchanges/brokers.

Step 1: Find a suitable exchange that accepts credit cards as a form of payment. 

Step 2: After account verification, select the credit card as the method of payment. (Other exchanges will ask for your credit card details after you have specified the amount you want to spend)

Step 3: Place your order: After linking your credit card to the exchange, you can go ahead and place an order.

Step 4: Confirm and finalise the purchase.

Step 5: Transfer your XRP to wallets that guarantee better security. Example of wallets includes Atomic wallet, Ledger Nano X, and Ledger live.

Example of a reputable exchanges and brokers include eToro, KuCoin, Coinmama, and Switchhere.

Congratulations, you’ve just bought your first XRP with a credit card!

Top platforms to buy XRP with a credit card

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes