XRP is the native digital currency of the Ripple blockchain – which allows banks to transfer funds on a cross-border basis in a low-cost and fast manner.
If you’re wondering how to buy XRP today for your cryptocurrency portfolio – this guide will explain how to complete the process in less than five minutes with a regulated broker.
How to Buy XRP – Quick Steps
If you’re looking to buy XRP right now in the fastest and cheapest way possible – the step-by-step guide will walk you through the process with the highly-respected broker, Bitstamp.
Take note, Bitstamp has no minimum deposit amount and no fees are charged on ACH/SEPA deposits:
- ✅ Step 1: Open a Bitstamp Account: Head over to Bitstamp’s homepage and click ‘Get Started’. Enter your name, email address, and date of birth to create an account, then upload photo ID and proof of address for verification.
- 💳 Step 2: Deposit Funds: Click ‘Deposit’ on your Bitstamp dashboard and choose which payment method you’d like to use. ACH/SEPA deposits are free to make and have no minimum funding requirement.
- 🔎 Step 3: Search for XRP: Search for XRP on the Bitstamp trading platform and click ‘Buy’ when it appears.
- 🛒 Step 4: Buy XRP: In the order box on the right side of your screen, choose your trade type, enter the amount of money you’d like to invest in XRP, and click ‘Buy’ to facilitate the purchase.
If you’re looking to buy cryptocurrency in 2022, you’ll need to pick a trusted crypto broker or exchange that suits your trading style and financial needs.
Where to Buy XRP
The best crypto exchanges in this space allow you to buy XRP safely and in a low-cost way. Moreover, your chosen exchange should also support your preferred payment method – such as a debit/credit card or ACH.
If you’re still wondering where to buy XRP for your personal requirements – consider the pre-vetted platforms reviewed below.
1. Bitstamp – Overall Best Place to Buy XRP for 2022
Our recommended platform when it comes to buying XRP is Bitstamp. Bitstamp is a low-fee crypto exchange that is ideal for beginners and experienced investors alike. The platform has been around since 2011 and provides trading services for over 4 million people worldwide.
Bitstamp offers over 50 cryptocurrencies to trade (including XRP) and stores 98% of customers’ assets offline, significantly boosting the security level. In terms of fees, Bitstamp only charges 0.5% on each trade, which is one of the lowest rates on the market. Users can also buy cryptocurrency instantly using a credit or debit card, although this will be accompanied by a 5% transaction fee.
Sign up via the links on Business 2 Community to unlock a Bitstamp sign up bonus.
Bitstamp also allows free ACH/SEPA deposits, with no minimum deposit threshold. In terms of the trading experience, Bitstamp ensures it is one of the best altcoin exchanges on the market by offering an array of advanced trading tools, along with the ability to set up your own trading interface. Users can also download Bitstamp’s dedicated mobile app, which features numerous order types and analytical tools.
Bitstamp offers one of the best crypto savings accounts called ‘Bitstamp earn’, which provides up to 5% APY on specific coins. The broker also has a dedicated market insights section, which rounds up the latest news and updates in the crypto market. Finally, since the Bitstamp platform is powered by a similar engine to the NASDAQ, all orders are executed rapidly, regardless of market conditions.
Cryptoassets are a highly volatile unregulated investment product.
2. eToro – Secure Trading Platform with Cost-Effective Fee Structure
Founded in 2007 and now used by over 20 million traders, eToro is a popular online broker that is authorized and regulated by the SEC. In addition to FINRA membership, the platform is also licensed by bodies in Cyprus, the UK, and Australia. The eToro website is very simple to use and you can open a crypto account in less than five minutes. In doing so, you will be able to buy XRP on a spread-only basis.
In simple terms, this means that the only fee that you need to pay is the gap between the buy and sell price of XRP. Moreover, as a US client depositing funds in USD, you won’t need to pay any transaction fees on any of the payment methods supported by eToro. This includes everything from debit/credit cards and domestic bank wires to Paypal and ACH. In terms of account minimums, you only need to deposit $10 at eToro to get started.
Once you have completed your XRP purchase, you might then consider buying a number of other promising cryptocurrencies. Some examples of supported tokens include Bitcoin, Cardano, Binance Coin, EOS, AAVE, Decentraland, and The Graph. Alternatively,…
Read More: Where to Buy XRP – 5 Cheap Places to Invest in Ripple 2022