How to buy Ripple & Where?

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Ripple is one of few digital currencies that is gradually dominating the flourishing cryptocurrency ecosphere. It became the internet buzz in late 2017 and early 2018 when Ripple price experienced a massive spike in its value. Ever since, most people – crypto-savvy or not – are clamoring to learn the basics of how to buy Ripple.

How to buy Ripple & Where? 1

As one of the leading coins, and a more preferred investment vehicle for an investor in the cryptocurrency sector, many individual investors want to understand the Ripple network and buy the Ripple XRP coin.

What is Ripple?

Ripple, often referred to as XRP, is a digital currency and a platform founded by Ripplelabs.

Ripple, the company backing the entire project and XRP crypto, is popularly known as a remittance system and payment settlement platform that functions like SWIFT, a service for cross-border payments used by banks and financial institutions for international money and security transfer.

XRP is both a technology and a digital currency that is used for digital payments over the network. It is a digital asset created on the XRP Ledger, a decentralized, open-source blockchain technology that completes transactions within seconds. The Ripple platform is designed as an open-source protocol for easy and fast digital transactions.

According to some financial institutions and cryptocurrency experts, the XRP coin and Ripple network has a promising future because it has bridged the gap between different currencies in record time and made cross-border payments seamless.

How to buy Ripple in three simple steps

Step one: Get a Ripple (XRP) wallet

In purchasing this digital asset, you need first to acquire a wallet that can store XRP coins. This wallet can either be digital or hardware.

The hardware wallet (a type of cold wallet) is considered the safest storage option in the cryptocurrency ecosphere. It is a physical device that has to be plugged into your computer before accessing your crypto coins.

On the other hand, digital wallets (a type of hot wallet) are more prone to hacking and theft because they are hosted online. Hence, it is commonly used to store small amounts of digital currencies. The advantage of a digital wallet over hardware types is that it can be accessed anywhere, anytime, and on any internet-supported device.

Some of the crypto wallets that you can use to store your Ripple cryptocurrency are:


Edge is a simple, easy-to-use cryptocurrency mobile wallet that offers in-app exchange, buy and sell of cryptocurrencies. Just like some other crypto exchange and payment providers, it also allows its users to earn interest in their crypto assets. This wallet stores many cryptocurrencies and is available on iOS and Android platforms.

The Ledger Nano X

This hardware wallet secures your digital cryptocurrencies offline, Ripple inclusive. It is built in such a way that it can be linked to your computer and mobiles. It is mainly used to store large amounts of different cryptocurrencies.

The Trezon Model T

This is an advanced wallet type that you can use to secure your XRP and other digital coins. It is not suitable for mobile use as it has an in-built touch screen system. 

How to buy Ripple & Where? 2

The problem with this wallet is that you can lose your digital coins should anything happen to the wallet.

After acquiring a wallet, either digital or hardware, you would have to generate an XRP address to buy or perform a transaction with the Ripple (XRP) coin. The XRP address is a unique 30 character piece of code. This particular series of codes usually starts with the letter ‘r.’

Step two: Find an XRP Exchange (Bitstamp, Bittrex, Bitso, Coins.ph).

You can use different methods to acquire your XRP. The most used option in buying XRP is with fiat currency, using national currencies such as the US Dollar and Euro. You can also acquire XRP by trading with other digital currencies such as Bitcoin, Etherium, or Tether on trading platforms. You can also invest using trading funds.

Buying Ripple with a credit card/debit card.

Ripple XRP can be purchased on different cryptocurrency exchange platforms using a credit card, debit card, or other conventional financial means. Some of these cryptocurrency exchange platforms are:


Coinmama is a trusted exchanger platform for cryptocurrencies where you can use bank transfer, credit card, and debit card to buy XRP.


Cex.io is also a leading crypto exchange platform that enables multiple methods of payment. Ripple coins can be purchased on this platform using bank transfer (SWIFT, SEPA), credit card, debit card, and other cryptocurrencies.


Numbered among the numerous exchange platforms to buy Ripple, Bitstamp is possibly the oldest brand. It allows users to make deposits and purchase Ripple through bank deposits, wire transfers, and other conventional bank means.


Binance is the biggest currency exchange platform and cryptocurrency wallet for crypto traders globally. The XRP Ripple is one of the few digital currencies you can acquire on Binance through conventional financial means and debit cards.


Coinbase, a US-based company, is one of the biggest names in the crypto market. It allows you to buy Ripple using your debit cards or wire transfers into your coinbase crypto wallet. This exchange platform is secured and offers you an easy way to buy, sell and store your XRP cryptocurrency.

One important thing to note about purchasing ripple’s XRP with credit card or debit card-based transactions is that a higher fee is charged for XRP trading, although they are more efficient.

Buying Ripple with Bitcoin

Ripple Investors and cryptocurrency experts have listed trading as the most efficient and least expensive method of purchasing Ripple. Using other digital coins such as Bitcoin and  Bitcoin cash to buy Ripple is said to be seamless.

How to buy Ripple & Where? 3

To buy XRP through this method, you need first to buy some BTC into your bitcoin wallet and then trade it for XRP on Binance or other platforms that sell XRP, such as Bitstamp and Kraven.

Investing in Ripple through a trading fund

If you are looking to trade Ripple for Fiat currency, then this is your best bet. Many financial service companies allow customers to invest in the XRP currency. 

One such platform is eToro which allows you to invest in XRP as a means of market speculation without actually possessing XRP coins for other purposes.

Acquiring and using XRP address

As earlier stated, to receive Ripple, you need an XRP address from an XRP wallet. This address is a set of unique codes which usually consist of numbers and letters.

You can receive this unique code across different channels depending on the wallet used. The XRP address can be likened to your bank account number, but it only applies in the cryptocurrency ecosphere and does not allow for anything like cross border payment types. 

You can link your XRP wallet to the exchange platform by copying and pasting the received XRP token address on the forum you want to trade.

Step three: Withdraw your XRP to your wallet

To have complete control of your purchased ripple coin, it is advised to withdraw the bought coin and store it in your private wallet.

Regardless of the means used to buy the coin, it is not advisable to leave them with the exchanger platform where you executed the ripple transaction. This is because the bought XRP is not solely yours if left on the trading platform. 

This is because you are not in complete control of the private keys used to acquire the coins, and as such, they do not belong to you. Hence, always move your XRP to your wallet so you will be in total control of your XRP token.

Where to buy Ripple

In owning XRP cryptocurrency, you have to open and hold a Ripple wallet to store your ripple coin. But where can you buy Ripple?

You can buy Ripple from different cryptocurrency marketplaces. A few of these marketplaces are:


This crypto marketplace can be likened to the traditional stock exchanges. Here, you can buy Ripple from other traders without any personal contact with the individual. According to your order, the exchange platform is responsible for determining the coin’s price and finding an appropriate buyer or seller.


You can buy XRP from brokers who own the asset. This is a direct transaction between you and the broker service and does not involve any other trader or financial institution. This method is a safe way of obtaining your XRP, but cryptocurrency brokers often charge exorbitant fees compared to crypto exchanges. However, they offer more payment methods and a better user experience.

Peer-to-peer exchange

This exchange platform, also known as p2p exchange, allows you to buy ripple coins directly from other traders. There is no third-party involvement as a decentralized approach is used to interact between individuals. Due to the lack of central authority, the P2P exchange is a risky marketplace to buy Ripple.


On-demand liquidity: Ripple has made cross-border payments seamless by leveraging ripple’s XRP to bridge the gap between currencies. This has reduced operational costs and eliminated the pre-funding of destination accounts for international payments.

Ripple and BankDhofar have collaborated to resolve delays in international payments, especially to India. BankDhofar, one of the first banks in the Oman Sultanate, has partnered with the Ripple payment network to drive real-time payments to India.

Ripple has also partnered and acquired 40% of Asia’s top-most cross-border payment provider, Tranglo. This collaboration will enable Ripple to be more committed to enriching the payment ecosystems in Asia and resolving all challenges associated with cross-border payments.


Ripple has distinguished itself in the Crypto space. It is currently one of the leading coins after Bitcoin, Bitcoin Cash, and Ethereum. However, investing in Ripple does not guarantee you a wide profit margin as there is also a high potential for loss.

Many want to know how to buy Ripple, also referred to officially as XRP, as one of the leading coins in the crypto market space. It has established itself in the market and is one of the preferred investments for people around the world looking to funnel money into the cryptocurrency sector.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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