How To Buy Ripple (XRP) In 2023- Beginner’s Guide

Last Updated December 20th 2022
20 Min Read

Buying Ripple in 2023: A Step-by-Step Guide

Are you interested in buying Ripple, but not too sure where to begin? You’re not alone. This digital coin is a hugely popular cryptocurrency to buy, the world over. But, for beginners, this can be quite intimidating.

Ripple was launched in 2012 and lends its name to both the XRP crypto coin and an open payment network. Fast forward to 2023 and it’s never been easier to invest in this digital currency and buy it yourself!

In this beginners guide, we are going to cover everything you need to know when it comes to buying XRP. This will include potential fees, key metrics to look out for when choosing a broker, and investment plan tips.



How To Buy Ripple (XRP) – Quick Guide

To help you buy Ripple coins as quickly as possible, we broke the process down into a few easy steps:

  • Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
  • Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time. 
  • Step 3: Deposit – Fund your new eToro account with a minimum of $10. 
  • Step 4: Search for Ripple on eToro – Search for XRP or Ripple in the eToro crypto market.
  • Step 5: Buy XRP – Enter the amount of the worth of Ripple you want to purchase in United States Dollars (USD), then click Open Trade. 

That’s it! By following these easy steps, you can invest in Ripple in less than 5 minutes.


buy ripple

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step 1: Choose An Online Ripple (XRP) Broker Or Exchange

Before you can even think about buying Ripple, you will need to register with a third-party exchange or a broker. Harking back to eToro, the platform enables clients to buy Ripple directly.

If you decide to take the exchange route, you can swap Ripple from another digital coin if you wish, like Bitcoin or Ethereum.

With that said, the majority of Ripple buyers tend to do so via a licensed and regulated broker. Regulated online brokers offer a level of fund protection, as well as a safety net from dodgy companies. This regulation is rarely offered by third-party crypto exchanges.

Furthermore, buying Ripple is actually more cost-effective via a broker. With that in mind, let’s take a look at some of the key considerations when choosing an online Ripple broker.


As we touched on, using a licensed and regulated Ripple broker is suggested - as it’s the only way to know you’re dealing with a legit and trusted company.

There is an unfortunate amount of untrustworthy Ripple platforms out there, not to mention vulnerable crypto wallets. These regulatory bodies exist to keep the space clean and secure, so you should consider safety a priority when signing up to a crypto provider.

Moreover, Ripple brokers like eToro are regulated by some of the biggest regulatory bodies in the world. The likes of the FCA (UK), ASIC (Australia), and CySEC (Cyprus)  all enforce strict rules to prevent financial crime and protect clients.

Although you will likely be offered leverage when buying Ripple via an exchange, but if you do this in an unregulated space, you need to realize the risk involved

Payment Methods

In terms of payment methods, these days you can buy Ripple with ease. In its early years, buying the digital asset was nothing short of painful.

Back then, you would need to sign up to an unregulated exchange and could only pay via wire transfer, which took days or weeks at a time.

As we said, these days you can buy Ripple using a plethora of payment types. Each site will differ, but many accept credit/debit cards and e-wallets like Skrill and PayPal.

It’s important to remember that although you will notice many cryptocurrency brokers will allow you to deposit using wire transfer - this could delay your Ripple purchase by 2 to 7 business days. This is due to the slow processing time of this payment type.

Fees and Commissions

Ripple brokers are likely to charge you fees of some description. After all, they need to make money too. The fees and commissions charged by financial service providers in the online space will vary by a country mile.

Our beginner’s guide on how to buy Ripple online found that the vast majority of XRP providers will charge variable fees. To give you an example, the established crypto platform Coinbase charges clients 1.49% for each individual trade. So, as that is a variable fee, if you spend $100, you pay $1.49 - and so on.

Let’s have a look at how this commission can affect your Ripple investment, using a 1.5% fee for simplicity.

  • You create a buy order valued at $1,000 on XRP. 
  • The broker charges you 1.5% commission, which is $15
  • Let’s say, at the time of selling your Ripple coins they are worth $1,800
  •  As such, your 1.5% fee now equates to $27
  • In this imaginary example, you paid a total of $42 for buying and selling Ripple

As you can see, buying Ripple at Coinbase could soon eat away at your funds. On top of that, you are liable to a charge of 3.99% on all debit card purchases - which is huge.

A stark contrast to this is to buy Ripple at social trading platform eToro. Here you can expect 0% commission. 

In the above scenario, you would have saved a handsome $42 on buying and offloading your digital currency. You would simply pay 0.5% on your deposit if you are not paying in US dollars.

Other Important Factors

In addition to the important fees mentioned above, there are others to be aware of before you buy Ripple from an online broker. You will find below a few other important factors to check out.

  • User-friendliness: This is an important consideration when choosing a new crypto platform to buy Ripple at. Ideally, you need an easy to use the platform, and creating orders should be a simple and stress-free process. 
  • Minimum Investment: When looking into online providers to buy Ripple, it’s important to check what the minimum investment is. The reason for this is that if you are a newbie, you might want to start with modest investments in such a volatile market. At eToro for instance, the minimum investment to buy Ripple is $25.
  • Storage: This is an important factor when choosing an online broker to buy Ripple. Some platforms require you to store your XRP yourself, whereas others (like eToro) will store your coins for you. This is a far more convenient option. Otherwise, you could be left to transfer them into a crypto wallet, which is not the simplest task for beginners.

Read Also: How To Make (Or Lose) Money With Ripple (XRP)

Step 2: Come Up With An Investment Plan

We strongly advise creating an investment plan before you buy Ripple via an online broker.

Having a plan is the best way to start any financial adventure. This entails thinking about what your own goals might be and coming up with a strategy based on that. To help you along the way, we have created a list to inspire you.

Long-Term or Short-Term

It’s sensible to start by thinking about whether you might want to be an investor in the short-term or the long-term.

When it comes to the former, this involves trying to make a profit from the short-term price shifts of Ripple. This digital coin can be super volatile. In fact, it once shifted in value by 84% in one single day!

In terms of the long-term, you will be looking to adopt a ‘buy and hold’ strategy, holding on for months to even years at a time.

Some people thrive in volatile markets. After all, where there is high risk - there is potential for a high reward too. As such, the option you take will be dependent on your own financial goals and attitude to risk. 

Check Out: 23 Reasons Why You Should Invest in Ripple XRP Today

Target Ripple Price

Whether or not you want to have a target XRP price is entirely up to you - but it is a popular strategy nonetheless.

Let’s say you purchased Ripple at $1.1 with a stake of $1,000. In order to double your money - you need XRP to reach a value of $2.20.

Although that sounds a little unlikely - consider this. The price of the digital currency at this time is around $1.09 depending on your crypto broker. However, a few years ago XRP enjoyed an all-time high of $3.84.

Consider Regular Investments

The idea of attempting to predict the future price of Ripple might sound a bit out of your comfort zone. It’s normal to feel this way, not least because the price of digital currencies can shift in a parabolic manner in just one day of trading.

As such, buying Ripple isn’t for the faint-hearted. This is precisely the reason we advised earlier that small investments is the sensible option when buying XRP coins as a newbie. By spending a small amount regularly to buy Ripple, you can play it safe to a certain extent.

Another option is to purchase your digital currency via a trusted online broker like eToro, as you can buy Ripple from $25 per time!

Would you consider investing in Ripple XRP?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step 3: Open A Ripple (XRP) Broker Account

Once you have decided what Ripple broker you want to use - you need to head over to the website and sign up. If you have ever bought stocks and such like before - you will find that this process is almost identical.

First things first, as per regulatory rules - you need to fill in details on who you are. This usually includes your first and last name, full address, mobile number, nationality, and email address.

Later you will likely be asked for a government-issued photo ID such as a passport. Proof of address is usually required in the form of a recent utility bill or phone bill - something official that contains your name and address.

As you are probably eager to get started, please note that some Ripple platforms can take days at a time to process your ID.

Fear not, there are also some great cryptocurrency platforms that allow you to start buying Ripple almost right away! eToro for example uses a modern automated system to verify your identity, so end to end you could be buying Ripple within 10 minutes of signing up.

Step 4: Deposit Some Funds

This goes without saying, but of course, in order to start buying Ripple, you need to put some money into your account.

The best place to start is to see what payment methods the XRP platform accepts. As we said, if you are keen to start immediately, you are best to avoid traditional wire transfer.

If you’re wondering how to buy Ripple in the fastest way possible, opt for a debit/credit card or a convenient e-wallet like Skrill, Neteller, and PayPal. eToro supports all of the aforementioned payment types, so clients are spoilt for choice.

When funding your account, you will see there is a minimum deposit required. We find that this ranges between $0 and $1,000 - which is quite the disparity. Always check the terms and conditions before getting to this stage, in case the minimum deposit is out of your reach.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step 5: Buy Ripple (XRP) Token

trading order, how to buy ripple

Now that you have some money in your account, you can begin to buy Ripple.

First, you need to let your online Ripple broker know where you stand - will the price of XRP rise or fall - what’s your position?

If you haven’t traded before in any capacity, not to worry. You will see below a list of different order types - all of which you will be able to utilize in your own Ripple buying plan.

Buy Order

Let’s start with the simplest order - buy and sell. 

In a nutshell, if you think the price of Ripple will go higher - place a buy order with your XRP broker.

If your chosen broker allows you to short-sell Ripple, you will need to place a sell order. This means that you are speculating on the price of Ripple going down. 

Limit or Market Order

As you know, the value of Ripple tends to fluctuate on a second-by-second basis, due to the supply and demand of the market.

XRP brokers such as eToro will enable you to place ‘market’ and ‘limit’ orders. This means you can take advantage of these short-term movements of the Ripple’s price.

A ‘market order’, in its simplest form, is an indication to your broker that you want the trade to be executed immediately. This allows you to buy Ripple at the current market price, or as near as possible.

When it comes to ‘limit’ orders, you can choose your own Ripple price. 

Let’s have a look at an example of how a limit order works in practice.

  • Imagine XRP is priced at $0.50. However, you aren’t interested in making a purchase until it hits $0.80
  • A limit order of $0.80 tells your broker not to enter your position until that price has been reached.
  • This order will remain pending until XRP hits $0.80 - or you decide to cancel it

As you can see, limit orders enable you to choose the specific price that you buy Ripple at. However, there is no guarantee that your price target will be met, meaning you might miss out. As such, if you wondering how to buy Ripple instantly, stick with a market order. 


When creating an order, you will invariably be asked for a stake value. In other words, how much XRP do you want to purchase?

It’s easy to get carried away, so we recommend perhaps sticking to the minimum amount required by the Ripple platform of choice.

As we said, eToro requires a $25 minimum for each XRP purchase. This is certainly more manageable for beginners than some, which ask for a minimum stake in the hundreds.

Confirm Order

Assuming you have now completed your buy/sell order, market/limit order, and of course your stake - you now need to confirm that you are happy with your choices.

After completion, you will notice that your XRP coins have been added to your portfolio!

Don't Miss: Will Ripple Make Me Rich in 10 Years?

Step 6: Storing Your Ripple (XRP)

When it comes to storing your Ripple, you will need to do so digitally. This is because it’s not a case of storing physical coins or notes.

Instead, XRP needs to be stored on a decentralized ledger called the ‘Blockchain’. In Layman’s terms, cryptocurrencies are kept in digital wallets - specifically created for digital coins. 

This wallet is then downloaded to your desktop or mobile. In fact, it’s now possible to buy a hardware wallet, too. 

Nevertheless, this way of storing Ripple gives you full control over your XRP coins. However, if you are a beginner in the crypto market, this is a considerably more complex procedure.

Put it this way, if you instead buy your digital coins via a licensed broker, they look after and store your Ripple for you - under regulation to boot. This saves the need to transfer your crypto-assets to a decentralized XRP wallet.

Step 7: Selling Your Ripple (XRP)

As you know by this point in our how to buy Ripple guide, the process is about trying to correctly speculate on its price shifts and make a profit. The chances are, you are going to want to spread your crypto wings and sell it on at some point in the future.

When it comes to selling your XRP coins via a Ripple platform - simply hit ‘sell’ to cash out. Depending on the broker, this usually takes a matter of seconds to complete.

As per anti-money laundering rules, you will usually have to have this sent to the same payment card you used to buy Ripple in the first place. For example, if you bought Ripple with Paypal, the funds will need to withdraw back to Paypal. 

Should you on the other hand decide to use an exchange over a broker - you might find things become a lot more long-winded. First, you would be required to transfer the XRP coins from your crypto wallet. Next, you would need to send these coins to the cryptocurrency exchange’s wallet.

Finally, you would have to convert the Ripple into a fiat currency such as US dollars, Euros, or British pounds. You will likely be charged a fee for this digital to fiat currency exchange each time, which can add up.

Are you ready to dive into the Ripple XRP market?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Other Ways To Buy Ripple (XRP) In 2023

We have covered a lot in this How to buy Ripple guide. However, there are other ways in which you can buy this popular digital asset. Check out the list below for inspiration!

Buy Ripple Debit Card

One of the most popular ways to buy Ripple is via debit card. Transactions tend to be instantaneous, meaning you can make the purchase without needing to wait days on end for the funds to arrive from your bank account. 

Not only that, but when you want to cash out your Ripple, you can usually just have it sent to the same card you initially used.

If this sounds like something you would be interested in - simply fill in your card particulars, and fund your account with the broker’s minimum. You can usually use Visa, Mastercard, Visa Electron, and Maestro - but, check with your provider.

Buy Ripple Credit Card

If you decide to buy Ripple with a credit card via an online broker, you might be liable to pay what’s known as a ‘cash advance fee’.

You may have heard of this in the context of personal banking. The reason is that investment payments are considered to be comparable to ATM withdrawals - much like gambling transactions are.

This guide found that cash advance fees average 3% of your transaction - but do check for yourself as not all providers are the same.

Note: If you’re wondering how to buy Ripple with either a debit or credit card, eToro supports both.

Buy Ripple Paypal

PayPal is a very recognizable name to most people, whether it’s online shopping or buying cryptocurrencies.

This e-wallet is safe, secure, and offers clients instantaneous transactions. Furthermore, if you decide to use eToro, you can buy Ripple using PayPal - as well as other popular e-wallets Neteller and Skrill.

Ripple ATM

What is a Ripple ATM? For those unaware, there are cryptocurrency ATMs in certain locations. They are just the same as regular cash machines - apart from the fact you can insert money into the terminal.

You insert your fiat money, and the Ripple ATM tells you how much XRP you can buy for your specified amount. A receipt will be printed containing information about your exchange, and your crypto wallet.

You will often be charged a fee for the exchange, and this is often in the region of between 10% and 20%. Again, it’s generally cheaper and more convenient to use a regulated online broker.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Buy Ripple (XRP) In 2023 - The Verdict

We have discussed a whole host of factors when it comes to how to buy Ripple online, so you should feel ready to dive right in.

First, you need a trustworthy and regulated Ripple broker to execute your orders and securely look after your XRP. This is actually a much more convenient option for beginners.

When buying Ripple via modern commission-free platforms like eToro, it usually takes a matter of seconds to cash out. Moreover, you have the added regulatory protection of various jurisdictions such as the FCA, CYSEC, and ASIC - as well as FINRA registration.

eToro – Best Broker To Buy Ripple XRP 

eToro have proven themselves trustworthy within the industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.


How easy is it to buy Ripple?

These days, it’s super easy to buy Ripple yourself. Simply find a good Ripple broker with a good selection of payment methods and a user-friendly site.    

What is the safest way to buy Ripple?

The safest way to buy Ripple is via a broker that holds a license and is regulated by a respectable body. Some of the most well-known regulatory bodies are ASIC, FCA, and CySEC. eToro is licensed by all three and is also registered with FINRA in the US.    

Can I buy $100 of Ripple?

Yes - you can buy $100 of Ripple. However, for beginners, it’s better to start with a smaller stake. At eToro, you can buy XRP for a palatable $25.  

Can you lose money on Ripple?

Yes. The price of Ripple shifts throughout each day, usually by the second. With high volatility, there is always the chance of a loss. However, if you correctly speculate the direction of the digital currency’s price - you will make a profit.

What is the most Ripple has been worth?

In 2018, Ripple was priced at $3.84. To date, that is the digital coin’s all-time high. 

Read Also:

A Historical Look At Ripple (XRP) Price: 2012-2021

What Might Happen If You Invest $100 In Ripple (XRP) Today?

5 Reasons Why Ripple Could Double Your Money In 2023

Is Ripple (XRP) Safe?

Ripple (XRP) Price Prediction For 2025 And 2030