How to buy XRP with a debit card

Buy Ripple (XRP) online with debit card

XRP is a cryptocurrency, a native token of the open-source XRP ledger. The value of XRP has tumbled in the recent past after a lawsuit was instituted against the Ripple company. However, due to the promise of a prospective rebound in prices, investors are looking to stock up on XRP.

This page explains the methods to get your hands on XRP using a debit card. We explain the steps and pro tips for buying XRP.

Best platforms to buy XRP with a debit card – 2021

1
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Minimum Deposit
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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.
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What is a debit card?

Banks offer debit cards and which are linked to a bank account. Unlike a credit card, the users’ bank account has to have money for any purchases.

Users can link their debit cards to crypto platforms and purchase XRP. Mastercard and Visa back most debit cards.

Consider the following when selecting an exchange that accepts debit cards:

  1. Reputation –User reviews can determine a reputation. A good platform will have strong reviews.
  2. Usability – A good platform should be easy to use, providing easy means to fund your account.
  3. Transaction fees – unreasonable fees will make a purchase expensive. It will take longer to recoup your investment and make a profit. Look for platforms that charge competitive rates.

There are 2 ways users can purchase XRP:

  1. Peer-to-peer (P2P) marketplaces are decentralised exchanges that match vendors and buyers to buy cryptocurrencies. Vendors place “Ads” detailing their offers, including the volume and price. 
  2. Crypto exchanges – These are centralised platforms users can utilise to purchase XRP.

Buy XRP with a debit 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 debit cards include:

ProsCons
Security – Debit cards have several layers of protection. They are a secure method to purchase XRPPrivacy – Your debit card information is exposed. You cannot buy XRP anonymously using debit cards.
Fast – Debit card transactions are fast, enabling quick transactions, especially during volatile price movement.Purchase limits – You cannot buy a large amount of XRP using debit cards. There are the minimum and maximum amounts users can purchase.
Ease of use – Steps to link your debit card to the exchange account is simple.Restrictions – Some banks do not allow crypto purchases on debit cards.

How does Ripple (XRP) work?

Ripple(XRP) looks to provide technological infrastructure for banks, payment providers, and exchanges dealing with payment settlement globally. It aims to rival settlement systems like SWIFT. The blockchain uses a consensus algorithm that validates all transactions.

The Ripple company was created in 2012. Unlike other cryptocurrencies, RippleNet is controlled by a central authority. 

Unlike Bitcoin or Ethereum, XRP cannot be mined in the traditional sense. The founding team also controls most of the XRP in circulation. The Ripple blockchain handles more transactions (about 1500 per second) compared to other blockchain networks.

How to Buy XRP online using a debit card

Here are the mainstream methods to purchasing XRP using a debit card.

Purchasing XRP on a peer to peer(P2P) marketplaces

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

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

  1. Payment method (Debit 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 amount of money you have, and lock the price. Platforms provide a chat feature where you can communicate with the seller. 

Step 4: The XRP you want to purchase is put in an escrow account that holds the XRP in trust. Transfer the agreed amount from your debit 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 Trezor, Ledger Nano X, and Exodus.

Examples of peer-to-peer exchanges include Localcoinswap and Remitano.

Purchasing XRP from an exchange or broker

A suitable exchange will allow payment by debit cards and will also support XRP.

Step 1: Find a suitable exchange that works in your region. 

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

Step 3: Place your order: After linking your debit 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. Examples of wallets include Atomic wallet, Ledger Nano X, and Ledger live.

Examples of reputable exchanges and brokers include Paybis, Wirex, eToro, and Coinmama.

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

Top platforms to buy XRP with a debit 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