How to buy XRP with PayPal

XRP is a cryptocurrency, a native token of the open-source XRP ledger. XRP is a popular cryptocurrency to buy, boasting of being the fastest digital asset currently. 

Best platforms to buy XRP with a Paypal – 2021

1
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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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This page explores the various ways to buy XRP using Paypal. We explain the steps, Important tips,  advantages, and drawbacks of using Paypal to buy XRP.

What is PayPal?

Paypal is a financial company that facilitates online payments. The company operates across a majority of countries globally.

Paypal currently allows the buying, selling, and holding of 4 major cryptocurrencies. However, XRP is not among them.

There are different options to buy XRP using Paypal:

  1. XRP shop – An e-shop where users can purchase XRP using Paypal.
  2. Peer to peer Marketplaces – Buyers and sellers trade with each other, for instance, Localcoinswap. Some sellers may accept Paypal as a payment method for XRP.
  3. Crypto exchanges – A majority of these platforms avoid Paypal as a method of payment. Some examples that accept Paypal include eToro. Crypto swapping is also a method that allows users to buy crypto and swap it for XRP on crypto exchanges.

Buy XRP with a Paypal 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.

How does Ripple (XRP) work?

Ripple aims to facilitate payments globally, looking to move a majority of transactions from the control of financial institutions to a more robust open network. Ripple facilitates all this via Ripplenet, enabling payment providers, crypto exchanges, and banks to send money seamlessly.

How to Buy XRP online using Paypal

Here are the mainstream methods to purchasing XRP:

Using the XRP shop

Paypal users can buy XRP on the XRP shop. Note that the payment is in Euros. Ensure to have funds in your Paypal account.

Users are urged to be careful with this site as the XRP community has not widely reviewed it. 

Step 1: Enter the amount you wish to spend (New users are advised to start with small amounts)

Step 2: Enter the wallet address where you will store the XRP.

Step 3: Enter your Paypal email and click on proceed.

Step 4: Login into your Paypal and sanction the payment. 

Buying XRP on a peer to peer (P2P) marketplaces

Step 1: Open an account on the platform.

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. Currency
  2. payment method (Paypal)
  3. Volume (number of coins available)
  4. Reputation
  5. Trust level of the seller
  6. 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: The XRP you want to purchase is put in a decentralized escrow account that holds the coins in trust. Transfer the agreed amount from your Paypal to the seller’s account and confirm the payment. 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

eToro crypto broker stands out as a platform that allows the purchase of XRP using Paypal.

Many exchanges and brokers do not offer a direct purchase of XRP using Paypal. Users will have to undertake an extra step which will include transferring money to their linked bank account.

Step 1: Transfer the funds you have in your Paypal to your linked account.

Step 2: Find a suitable exchange. Many exchanges accept bank deposits, so it should be easy to find an appropriate exchange platform. 

Step 3: After account verification, deposit funds into your account from your bank account. Select bank transfer as a method of payment.

Step 4: Place your order: After linking your Bank account with the exchange, you can go ahead and place an order.

Step 5: Confirm and finalize the purchase.

Step 6: Transfer your XRP to wallets that guarantee better security. Example of wallets includes Trezor, Ledger Nano S, and Exodus.

An Example of a reputable broker is eToro

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

Top platforms to buy XRP with a Paypal

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

Swapping

Another method involves swapping cryptocurrencies like Litecoin for XRP. Litecoin is preferred due to its low transaction fees. Here are some steps:

Step 1: Buy Litecoin using your Paypal on an exchange or a broker.

Step 2: Go to an exchange/broker that allows for swapping of Litecoins for XRP.

Step 3: Transfer your XRP to a wallet, for instance, Trezor.

Examples of platforms you can swap Litecoin for XRP for low fees include Binance, Changelly and Curvet