When it comes to the cryptocurrency market cap, the top five needs no introduction.
And if you see, out of the top 5, Ripple was the least talked about crypto. It was perhaps because it is a crypto specifically for banks, and you know that banks and cryptos don’t go hand in hand.
Nevertheless, Ripple has defied all odds and grown over 18000% since January 2017 and there is no stopping it yet!
Ripple, also know as XRP, can be bought from a number of exchanges and websites and can also be stored securely in some popular XRP wallets.
I am not going to talk much about the XRP wallets as we have discussed it in the past. However, here is the link to the article on XRP wallets for you to read.
- Here it is: Ripple (XRP) Wallet – Best Wallets For Ripple
Now that you know how to keep your XRP safe with the help of the aforementioned article, it makes sense to talk about where to buy your XRPs from.
Where To Buy Ripple Cryptocurrency (XRP) From?
Binance is a fast growing exchange which we discussed many times in detail. (Read: Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange) But for now, it is safe to say that Binance is also one of the cheapest exchanges to use if you are using Binance tokens to pay the exchange fee and also the best exchange to buy/sell crypto on the go given their user friendly mobile app. Below is a video guide by Harsh on using Binance:
Ripple (XRP) can be bought and sold on Binance in following trade pair and the volume is also pretty decent for huge orders:
- Supported XRP Pair: XRP/BTC, XRP/ETH
You need to transfer BTC or ETH and then exchange it for XRP. The process is the same as shown in the video above. If you don’t have access to Bitcoins, you can get it from Cex.io or CoinMama using debit/credit card.
Bittrex is my personal favorite cryptocurrency exchange with more than 200 crypto coins to chose from, including Ripple.
It handles one of the largest BTC trading volumes out of all the exchanges in the world and charges a standard 0.25% for trading on their platform.
To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your identification documents and phone number, as well as enabling two-factor authentication for higher limits.
The good thing about Bittrex is the fact that the account verification process is very quick.
You can visit Bittrex and open a Bittrex account by following this official step by step guide here.
- Supported XRP Pair: XRP/BTC, XRP/USTD, XRP/ETH
Bitfinex is the largest Bitcoin exchange with most volume for BTC/USD pair. It was also one of the pioneers in supporting Ripple cryptocurrency for its users.
With the second highest volume in XRP, liquidity is never a problem for this exchange and user interface is also rather simple to understand.
Their registration process, however, is quite lengthy and takes time. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform. To get started on Bitfinex, you need to register, verify your ID, and authenticate yourself.
- Supported XRP Pair: XRP/BTC, XRP/USD
ShapeShift is one of the easiest ways to get your favorite cryptos because it is quick, reliable and very user-friendly. Also, you need not do any registration or KYC to start using ShapeShift!
As of now, there are more than 50 cryptocurrencies (including Ripple) available on ShapeShift which can be exchanged between one another.
If you wish to buy Ripple on ShapeShift, you need just two things:
- Your Ripple address where you would like to get your Ripple tokens.
- Some bitcoins/altcoins to exchange for Ripple.
For the step-by-step process of exchanging other cryptocurrencies for Ripple, see our guide on Shapeshift. Though this guide is for exchanging ETH for BTC, the process is the same to buy Ripple.
Based out of San Francisco, Kraken handles the most volume in EUR currency and is one of the largest Bitcoin/Altcoin exchanges in the United States.
The registration process is quite straightforward but it can take up to days because of the recent surge in demand for cryptocurrencies.
Also, they were pioneers in supporting the Ripple cryptocurrency.
Even though Kraken is in the second largest exchange that have the most volume of Ripple for Euro pairs, it also supports others:
- Supported XRP Pair: XRP/EUR, XRP/BTC, XRP/USD
Conclusion- Best ways to invest in Ripple Cryptocurrency
I have listed the top 5 websites from where you can buy Ripple coins (XRP). Never use these exchanges as your wallets to store a significant amount of Ripple in it because such centralized exchanges are always prone to threats.
Note: Also know that whatever platform you choose to use, you will be required to deposit 20XRP to start with. This 20 XRP is a one time charge that you pay for using that particular public address.
Have a question about XRP? Feel free to use the comment section below to post your queries. Also, give us your prediction for Ripple in the coming days!
Like this post? Don’t forget to share it!
Here are a few hand-picked articles for you to read next: