How to Buy XRP – Invest with Low Fees Today

We show you how to buy XRP, one of the most popular cryptocurrencies for making global payments.
Author: John Ladeluca
Last Updated: 21 May 2021
Ripple’s Top Execs Write Open Letter to The US Congress
Ripple’s Top Execs Write Open Letter to The US Congress

Ripple is the 7th largest cryptocurrency by market cap and one of the most widely used blockchain-based payment systems after Bitcoin. In this guide, we show you how to buy XRP, explain where to buy XRP, and cover whether XRP is a good investment today.

How to Buy XRP – Quick Guide

Want to know how to buy XRP right away? We’ll show you how to buy XRP stock in just 4 simple steps:

Step 1: Open an account with eToro: eToro is the best place to buy XRP. Just click ‘Join Now’ and create a new account to get started.

Step 2: Upload ID: You must upload a copy of your passport or driver’s license and proof of your address to complete your account registration.

Step 3: Deposit: eToro allows you to buy XRP with a credit card, debit card, PayPal, Neteller, Skrill, or a bank transfer. You must deposit at least $50.

Step 4: Buy XRP: Search for ‘XRP,’ click ‘Trade,’ and enter the amount of Ripple you want to buy. When you’re ready, click ‘Open Trade’ to buy Ripple stock with eToro.

How to Buy XRP – eToro Tutorial

Want more details about how to buy XRP? We’ll walk you through the complete process using eToro, which offers low fees and excellent trading tools.

1. Open an account with eToro – To get started with eToro, head to the broker’s website and click ‘Join Now.’ You’ll need to enter a new username and password, then fill in some personal details about yourself. You can also create an eToro account by signing up with your Google or Facebook login.

Sign up for eToro Account

2. Upload ID – eToro is regulated by the UK Financial Conduct Authority (FCA), which requires the broker to enforce Know Your Customer (KYC) rules. As a result, you are required to upload a copy of your passport or driver’s license along with proof of your address – such as a bank statement or utility bill. Verification can be completed online in just a few minutes.eToro Upload Documents

3. Deposit – eToro requires you to fund your new account with a minimum deposit of at least $50. You can use a variety of payment methods, including a debit card, credit card, PayPal, Neteller, Skrill, or a bank transfer.

Fund your eToro Account

4. Buy XRP – From the eToro dashboard, use the search box at the top of the page to search for ‘XRP.’ When it appears, click ‘Trade’ to open a new order form. Enter the amount of Ripple you want to buy in USD. You can also choose to add a stop loss or take profit level to your trade. When you’re ready, click ‘Open Trade’ to buy XRP stock with eToro.

eToro Buy xrp

Where to Buy XRP

Choosing where to buy XRP is one of the most important decisions you’ll need to make. Ideally, the best place to buy XRP will offer low fees, top-tier trading tools, and a built-in XRP wallet. You’ll also want to look for a Ripple broker that accepts multiple payment methods.

With that in mind, let’s take a closer look at 3 of the best places to buy Ripple today.

1. eToro – Overall Best Trading Platform to Buy XRP

etoro logoeToro is, in our opinion, the best place to buy XRP. This trading platform and cryptocurrency exchange allows you to trade 16 of the most popular digital currencies, including Ripple. On top of that, you get to decide whether you want to buy XRP stock outright or trade XRP through CFDs. That gives you more flexibility to trade XRP against a currency other than USD or to use trade on margin up to 2:1.

Trading XRP with eToro is very inexpensive. The broker charges a spread of 2.45% when you buy XRP stock and no spread when you sell. eToro doesn’t charge any deposit fees, and the broker allows you to buy XRP with PayPal, a credit or debit card, or a bank transfer.eToro Cryptocurrencies

eToro also stands out for its trading tools, which are available on the web and through the eToro mobile app. You get a technical charting interface with dozens of technical studies and indicators. You also get access to a market news feed and economic calendar to stay one step ahead of the crypto xrp price chart

Our favorite thing about eToro, though, is its built-in social trading network. You can connect with tens of thousands of other Ripple traders from around the world to share strategy ideas and discuss where the XRP price is headed next. eToro also supports copy portfolios, so you can mimic the moves of more experienced crypto traders in just a few clicks.

eToro is regulated by the UK’s Financial Conduct Authority (FCA) and is available around the world, including in the US. The platform is widely considered to be trustworthy and requires just a $50 minimum deposit to get started. If you ever need help with your crypto trading account, you can call or email eToro’s support team 24 hours a day, 5 days a week.


  • Trade 16 top cryptocurrencies outright or as CFDs
  • Buy XRP with PayPal or credit card
  • High-quality charting tools for web and mobile
  • Social trading network with support for copy trading
  • Regulated by the UK FCA
  • 24/5 customer support


  • Doesn’t offer access to the XRP order book

67% of retail investor accounts lose money when trading CFDs with this provider.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

2. – Trade XRP CFDs with Leverage is a CFD trading platform that offers dozens of popular cryptocurrencies, including XRP. With CFD trading, you don’t buy Ripple stock outright. Instead, you can speculate on XRP price movements – either up or down – and have the option to trade with leverage up to 2:1. Another benefit is that CFD trading with is 100% commission-free. stands out in particular for new cryptocurrency traders thanks to its excellent educational resources. The broker has a library of articles and videos that explain the basics of technical analysis and cryptocurrency trading. In addition, offers a dedicated mobile app where you can learn how to trade and test out your skills through interactive Trading Courses

This broker also offers its own trading platform for the web and mobile devices. On top of technical charting tools, you get help from an AI algorithm that analyzes your trades and suggests ways to improve your win rate. In addition, the platform includes a news feed and economic calendar to help you stay on top of the market.

One downside to is that you cannot buy XRP with PayPal. However, does accept credit cards, debit cards, and bank transfers, and you can get started with just a $20 minimum deposit. Traders in the UK cannot use to buy XRP because the FCA has banned cryptocurrency CFD trading and other forms of crypto derivatives Buy XRP is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers exceptional customer support, with representatives available 24/7 by phone, email, and live chat when you need help.


  • Buy Ripple and other top cryptos through CFDs
  • Educational tools including a mobile app
  • Custom charting and analysis platform with AI assistance
  • Requires just a $20 minimum deposit
  • 24/7 customer support


  • Cannot buy XRP outright
  • Does not accept PayPal payments

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

3. Binance – Most Advanced Crypto Exchange to Buy Ripple

binance logoIf you’re looking for where to buy XRP that offers more advanced trading tools, we recommend Binance. This global cryptocurrency exchange has its own technical analysis platform that’s available online and through the Binance app. In addition to popular technical studies and drawing tools, it gives you access to the Ripple stock order book and order history. So, you can easily spot changes in XRP price momentum.

Another benefit to Binance is that it offers more than just the ability to buy XRP stock. You can also buy leveraged tokens that move by $2 for every $1 that the XRP price moves. In addition, Binance offers cryptocurrency futures, so you can speculate on the timing as well as direction of future price movements. Binance Trading Platform buy XRP Binance allows you to buy XRP using a credit card, debit card, or bank transfer, and trades using the advanced platform carry a commission of just 0.10%. However, if you want to buy Ripple instantly with a debit or credit card, the brokerage can charge a fee of 3% or more. So, you’ll need to be careful to fund your account ahead of time if you want the lowest rates.

This crypto exchange also offers a handful of other tools. For example, there’s a peer-to-peer exchange where you can buy and sell Ripple directly with other traders. Binance also offers BinanceDEX, a decentralized exchange, and the Trust wallet for storing your cryptocurrency. All of these features mean that this platform has a steep learning curve, but it allows you to dive deeper into the world of digital currency.Binance Leveraged Tokens XRP

Binance is not regulated by any financial overseer. However, the platform is widely considered to be trustworthy and enforces KYC requirements when you open an account. There’s no minimum deposit required, but you must invest at least $10 when you buy XRP.


  • Highly advanced analysis platform
  • Access to XRP order book and history
  • Supports crypto derivatives trading, including futures
  • Low 0.10% commission per XRP trade
  • Includes a wallet and decentralized exchange


  • Not regulated
  • Fee of 3% or more for instant credit/debit purchases

Your capital is at risk.

What is XRP?

Ripple LogoXRP, also known as Ripple, is a cryptocurrency launched in 2012. The cryptocurrency differs from other popular tokens like Bitcoin and Ethereum in several key ways.

First, Ripple is entirely pre-mined. That means that generating new XRP tokens doesn’t require enormous mining operations like Bitcoin. Transactions on the Ripple blockchain are validated by consensus among users and new XRP is released to users on a monthly basis based on how many transactions are taking place using Ripple.

Another important difference between XRP and other top cryptocurrencies is that the Ripple blockchain is fast. When you want to send XRP to someone, the transaction is processed on the Ripple blockchain instantly. In contrast, sending money with Bitcoin or Ethereum can take seconds to minutes, and is generally quite expensive.

Ripple Labs

Unlike other cryptocurrencies, which are entirely decentralized, XRP is partially controlled by the company that created it: Ripple Labs. Ripple Labs doesn’t have control over XRP transactions, but it does work to maintain the blockchain as well as push for the mainstream adoption of Ripple.

To that end, Ripple Labs has created a network of more than 200 financial institutions – including Santander, MoneyGram, Westpac, and American Express – that use Ripple to facilitate borderless payments.

It’s important to note that ‘Ripple’ refers to both XRP, the digital currency that trades over the Ripple blockchain, and Ripple Labs.

Why Buy XRP? XRP Analysis

Why should you buy XRP stock when there are so many cryptocurrencies vying for attention? This cryptocurrency was for most of last year the third-largest cryptocurrency behind Bitcoin and Ethereum. While it’s now fallen to the 7th largest cryptocurrency by market cap, there are still several reasons to be bullish about XRP.

Better Global Payments

One of the most celebrated aspects about Bitcoin is that it enables truly borderless payments – making it easier for anyone to send money anywhere in the world. However, it doesn’t always do this seamlessly. Bitcoin payments can take several minutes to process and there are often high transaction fees.Ripple Payments

Ripple offers borderless payments, but without the high transaction fees or waiting times of Bitcoin. The Ripple blockchain can handle a higher volume of transactions and push them through instantly thanks to its consensus-based verification system. To put Ripple’s success in perspective, this cryptocurrency can process 1,500 transactions per second – compared to just 7 transactions per second for Bitcoin and 15 transactions per second for Ethereum.

Integration with the Financial System

Another advantage Ripple has over Bitcoin, Ethereum, and other cryptocurrencies is that it’s used by major financial institutions. Ripple has created a global payment network that includes over 200 banks, credit card companies, and e-payment providers. That makes it easier for them to send money around the world while lowering transaction costs.

While many cryptocurrency enthusiasts look down on Ripple for this reason, banks and credit card companies are likely to play a role in deciding which digital currencies see widespread use. So, Ripple might not be as decentralized as other blockchain-based cryptocurrencies, but it could be more widely used. Ultimately, that should be the most important thing for XRP investors.

SEC Troubles

One thing that you’ll want to note before you buy XRP is that the coin has been in trouble with the US Securities and Exchange Commission (SEC) recently. The SEC alleged that since Ripple is released on a regular basis instead of mined, it should be listed as a security. Basically, the SEC thinks that XRP is a stock, not a currency.

As a result, XRP has been delisted from a number of cryptocurrency exchanges, including Coinbase, the largest crypto exchange in the US. More important, that’s prevented any new financial companies from signing on to use XRP for payments.

Until this dispute is resolved, Ripple will remain in limbo. That hasn’t stopped the XRP price from rising along with other cryptocurrencies in recent months, but it’s worth keeping in mind when deciding whether to buy Ripple.

Ways of Buying XRP

There are several different ways for how to buy XRP. Let’s take a look at some of the most popular XRP payment methods.

Buy XRP with PayPal

You can buy Ripple with PayPal by using an exchange like eToro that accepts PayPal payments. Alternatively, you can use PayPal to buy Bitcoin and then use any cryptocurrency exchange to buy Ripple with Bitcoin.

Buy XRP with Credit Card

You can also buy XRP with a credit card. eToro,, and Binance all allow you to fund your trading account with a Visa or Mastercard credit card.

Buy XRP with Debit Card

If you want to buy XRP with a debit card or bank transfer, you can do that, too. All of the brokers we highlighted accept Visa or Mastercard debit cards as well as electronic bank transfers.

XRP Price

The XRP price, like the prices of many cryptocurrencies, has been highly volatile over the coin’s history.

After trading at a fraction of one cent for many years, Ripple exploded to over $3.34 between December 2017 and January 2018. This coincided with the 2017-2018 high in Bitcoin and Ethereum, which marked the first time that many investors became interested in cryptocurrencies.

Ripple soon crashed, however, following the same pattern as Bitcoin. For much of 2018, the XRP price was below $0.50 per token, and the coin was valued at just $0.19 at the start of 2020. Despite this, Ripple was the 3rd-most valuable cryptocurrency, after Bitcoin and Ethereum, for much of this xrp Price Chart

When the COVID-19 pandemic hit, XRP initially fell to a multi-year low of less than $0.14 per coin. The price rebounded to $0.30 by August, but remained relatively stable for most of the year.

Then, in November 2020, more than doubled in value to $0.65 per coin. The bullish momentum was cut short, however, by the SEC’s charges that Ripple failed to register as a security. XRP fell to $0.22 per token, only to spring back upwards in February 2021.

In April, after Elon Musk sparked renewed interest in cryptocurrency, Ripple shot upwards to $1.81 per coin. The XRP price has bounced up and down violently over the past month and currently sits at $1.62. Ripple has a total market cap of $56.3 billion.

XRP Price Prediction

It’s difficult to say with any certainty where the price of XRP is headed next. Although the recent jump in Ripple’s price is encouraging, investors have seen this same price action before in December 2017. That time, the price of Ripple was twice as high and the enthusiasm was followed by a three-year period of bearish activity.

While history could repeat itself, it won’t necessarily. The price of XRP would almost certainly be buoyed if Ripple can settle its argument with the SEC, since that would allow more financial institutions to start using Ripple for international payments. In the meantime, the currency is in limbo – it cannot attract new financial firms and it’s unclear if it will face further regulatory action in the US.

For now, it looks as though the XRP price will continue to experience volatility. The coin has experienced swings of nearly 40% from one day to the next in recent weeks, and that pattern is likely to remain.

Investing in XRP vs Trading XRP

Ripple is suitable for both trading and investing, although both carry a significant amount of risk.

For long-term investors looking to buy Ripple, there’s a clear bull case to be made for the coin. It’s being adopted by financial institutions over Bitcoin and Ethereum, and that can pave the way for widespread adoption. Even if XRP becomes a coin primarily used by financial institutions for international payments, that would be an enormous win for Ripple investors.

On the other hand, the SEC’s regulatory action against Ripple poses an existential threat to the coin’s adoption. If you believe that XRP can prevail over the SEC, then now could be a good time to invest. However, if you think that the SEC could force changes to the way the Ripple blockchain is structured, then it may be best to wait.

The current volatility also presents a lot of opportunities for trading XRP. The coin’s wild price swings mean that successful day trades can earn upwards of 20% in a single position. However, be careful to protect your downside. The same volatility means that it’s possible to lose a significant amount if a Ripple trade goes against you.

Best XRP Wallet

One key aspect of how to buy XRP stock is setting up an XRP wallet. A Ripple wallet allows you to store XRP tokens safely – you can think of your wallet as a bank account for Ripple.

In our opinion, the best XRP wallet is the eToro cryptocurrency wallet, which is available for iOS and Android devices. This wallet holds not just XRP, but more than 150 of the most popular cryptocurrencies. It’s highly secure and allows you to easily access your coins using your eToro login. Best of all, you can instantly exchange between XRP and other top cryptocurrencies within your wallet using eToro’s exchange.eToro Crypto Wallet

If you want more advanced wallet features, consider the Binance Trust wallet. This wallet supports more than 500 cryptocurrencies and interfaces with BinanceDEX, a decentralized exchange, to make switching between tokens as simple as possible. The Binance Trust wallet also includes a decentralized finance (DeFi) marketplace. So, you’ll find apps to earn interest on your cryptocurrency or stake tokens to a blockchain.Binance Trust Wallet

Other popular XRP wallets include Exodus and Mycelium. These wallets are designed to be beginner-friendly, so they’re a good option if you’re just looking for somewhere secure to put your cryptocurrency. Another plus to these wallets is that they’re compatible with hardware wallets, which provide even stronger security for your coins.

XRP Reddit – Keep Up to Date with XRP News

One of the best ways to stay on top of the XRP market is to follow the XRP Reddit group. This online messageboard is a hub for Ripple investors and one of the first places that breaking XRP news is shared. If you’re interested in trading or investing in XRP, the XRP Reddit group is worth watching.

Conclusion – eToro – Best Crpyto Broker to Buy XRP

XRP is one of the most popular cryptocurrencies in the world. In addition to being used by individual cryptocurrency investors, this digital currency is used by over 200 financial institutions to facilitate international payments. Although an SEC investigation has recently cast a cloud over Ripple, the coin could still become one of the leading tokens for blockchain-based payments in the future.

Now that you know how to buy XRP stock and where to buy XRP, it’s time to get started. Click the link below to create an eToro account and buy XRP today!

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.


Should I buy XRP?

XRP is a highly volatile cryptocurrency, so it should be considered a high-risk investment. That said, the coin has the potential to be one of the main cryptocurrencies used for international payments.

Where can I buy XRP?

You can buy XRP at a cryptocurrency exchange like eToro or Binance. You can also speculate on the price of XRP with CFDs using a trading platform like

What is XRP worth?

As of May 2021, a single XRP token is priced at $1.62. The entire Ripple project has a market cap of $56.3 billion.

What is XRP stock?

XRP is a cryptocurrency, much like Bitcoin. There is no XRP stock. That said, the US Securities and Exchange Commission has alleged that XRP is a stock and not a currency. The case remains unresolved.

What is Ripple Labs?

Ripple Labs is a San Francisco-based company that developed Ripple in 2012. Today, Ripple Labs manages the Ripple blockchain and coordinates a network of financial institutions that use XRP for international payments.

Remember, all trading carries risk. Past performance is no guarantee of future results.

John Iadeluca is the founder of the Wall Street hedge fund Banz Capital. He's a blockchain developer, quant, and consultant that specializes in the digital asset sector. He is an authority on blockchain and has written for a number of publications including

5 thoughts on “How to Buy XRP – Invest with Low Fees Today

  1. When Ripple has changed its concept of Blocks for Ledgers, I started researching what is the real difference between it and a Bitcoin block. Still haven’t found an answer. Does anyone know?

    1. Hello Alex39, each crypto exchange takes a small portion of the transaction as its service charges. However, eToro, one of the most popular platforms in the industry, does not charge any deposit or trading fees other than spreads. The withdrawal fees on eToro is $25.

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eToro: Buy Cryptocurrency with Low Fees

eToro: Buy Cryptocurrency with Low Fees

eToro: Buy Cryptocurrency with Low Fees

Visit eToro

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

eToro: Buy Cryptocurrency with Low Fees
Visit eToro

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.