What is Ripple (XRP)?
Ripple (XRP) is a cryptocurrency designed for fast, low-cost global payments. It runs on the XRP Ledger, a blockchain that settles transactions in 3-5 seconds. Ripple Labs, the company behind XRP, created RippleNet, a payment network used by banks like Bank of America for cross-border transfers. XRP has a fixed supply of 100 billion tokens, with about 59 billion in circulation as of August 2025.
Is Buying XRP Legal in the US?
Yes, buying XRP is legal in the US. A July 2023 court ruling clarified that XRP trading on exchanges does not violate securities laws. This makes it safe for US residents to purchase XRP on regulated platforms like Coinbase or Kraken.
Where to Buy XRP in 2025
You can buy XRP through several platforms, each with unique benefits:
- Centralized Exchanges: Trusted platforms like Coinbase, Binance, Kraken, and Bitstamp offer XRP purchases with fiat or crypto.
- Peer-to-Peer (P2P) Platforms: Services like Paxful allow direct XRP purchases from other users, offering privacy but higher risks.
- DeFi Platforms: Swap other cryptocurrencies for XRP on platforms like Uniswap or PancakeSwap.
- Crypto ATMs: Some ATMs support XRP purchases, though they’re less common. Check Coin ATM Radar for locations.
- Mobile Wallets: Apps like Trust Wallet or Exodus let you buy XRP directly, but fees may be higher.
Learn about avoiding KYC for crypto purchases in our guide on How to Buy Crypto Without KYC.
Step-by-Step Guide to Buying XRP
Follow these steps to buy XRP safely:
- Choose an Exchange:
Select a reputable platform like Coinbase or Kraken. Check for availability in your region and supported payment methods. - Create an Account:
Sign up with your email and complete the KYC process by uploading ID documents, such as a driver’s license or passport. - Add a Payment Method:
Link a bank account, debit card, or credit card. Some platforms, like Coinbase, support PayPal for US users. - Purchase XRP:
Go to the “Buy” section, select XRP, and enter the amount in USD or XRP. Review fees and confirm the transaction. - Store Your XRP:
Transfer your XRP to a secure wallet for safety. Avoid leaving it on the exchange long-term.
How to Store XRP Safely
Storing XRP securely protects your investment from hacks or loss. Here are your options:
- Hardware Wallets: Devices like Ledger Nano S keep XRP offline, offering top security.
- Software Wallets: Apps like Trust Wallet or Exodus are convenient but less secure than hardware wallets.
- Paper Wallets: Write down your private keys and store them in a safe place. This is secure but risky if lost or damaged.
- Exchange Wallets: Convenient for trading but vulnerable to hacks. Transfer XRP to a personal wallet for better protection.
Discover secure storage with How to Buy Crypto with Tangem Wallet.
XRP Price and Market Trends
As of August 3, 2025, XRP is priced at approximately $2.85, with a market cap of $169 billion. Its all-time high was $3.84 in January 2018. The price has been volatile, influenced by market trends and regulatory news. Below is a chart showing XRP’s price over the past year:
For more on crypto market trends, read What Makes Crypto Go Up.
Payment Methods for Buying XRP
You can use various payment methods to buy XRP, depending on the platform:
- Bank Transfers: Cost-effective but may take a few days to process.
- Debit/Credit Cards: Fast but often have higher fees. See Which Credit Cards Allow Crypto Purchases.
- PayPal: Supported on platforms like Coinbase for US users.
- Crypto Swaps: Trade other cryptocurrencies, like Bitcoin or USDT, for XRP on DeFi platforms.
- Gift Cards: Some platforms, like BitPay, accept digital gift cards for XRP purchases.
Fees to Expect When Buying XRP
Fees vary by platform and payment method:
- Exchange Fees: Typically 0.1% to 0.5% per trade.
- Network Fees: XRP’s blockchain fees are minimal, often less than $0.01 per transaction.
- Payment Fees: Credit/debit card purchases may incur 2-4% fees, while bank transfers are cheaper.
Check the fee structure before buying. For more details, read Crypto.com Fees.
Is XRP a Good Investment?
XRP’s fast transactions and low fees make it attractive for payments. Its adoption by financial institutions via RippleNet adds credibility. However, price volatility and regulatory risks remain. Research thoroughly and consider your risk tolerance. For beginner tips, check How to Start Investing in Cryptocurrency.
Using XRP for Payments
XRP is ideal for fast, low-cost global transfers. You can:
- Send XRP to another wallet using apps like Trust Wallet.
- Spend XRP at merchants via platforms like BitPay.
- Use RippleNet for institutional cross-border payments.
Learn more in Use Crypto to Buy Things.
Frequently Asked Questions
Can I buy XRP without KYC?
Some platforms, like P2P services or DeFi exchanges, may allow purchases without KYC, but they carry higher risks. Learn more in How to Buy Crypto Without KYC.
What is the minimum amount to buy XRP?
Most exchanges, like Kraken, allow purchases starting at $10.
Can I buy XRP with a credit card?
Yes, platforms like Coinbase and BitPay accept credit cards, but fees may apply.
Is XRP safe to buy?
XRP is safe to buy on regulated exchanges like Coinbase or Kraken. Always store your XRP in a secure wallet.
Conclusion
Buying Ripple (XRP) in 2025 is simple with trusted exchanges and secure wallets. Follow the steps above to purchase XRP, store it safely, and stay informed about market trends. Whether you’re investing or using XRP for payments, understanding the process ensures a smooth experience.
