How to Buy Ripple XRP 2025 Step-by-Step

Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. After you’ve done these things, your Robinhood account will be ready to use. You can now buy and sell stocks, options, ETFs, and cryptocurrencies like Ripple on the platform. XRP Ledger does not have a native wallet that allows you to buy XRP directly. However, several third-party wallets support XRP purchases directly within them, and some mobile wallets allow you to buy XRP and store the keys on your phone.

Cryptocurrency exchanges like Binance, Coinbase, and Kraken offer a vast selection of cryptocurrencies, including Ripple (XRP). These platforms provide a marketplace where buyers and sellers can trade digital assets. By creating an account on a reputable cryptocurrency exchange, you can buy Ripple (XRP) and store it in a secure wallet. If you’re not a current Robinhood account holder, you’ll need to create an account first. Robinhood offers a user-friendly platform with no commission fees on trades, making it ideal for both beginners and experienced investors. You’ll also have access to a variety of investment options, including stocks, ETFs, and cryptocurrency.

• Many crypto purists may only use decentralized exchanges and shy away from platforms like Robinhood — due to its centralized nature and KYC requirements.
• This Robinhood crypto tutorial shows you exactly how to buy and sell crypto on the Robinhood app.
• This is expected to trigger an explosive value gain and help the undervalued crypto break well above the current highs set in early 2018.
• This section assumes that you are using Uphold and that you have created an account, verified your identity, and funded it.
• Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions.

How to Buy XRP on Coinbase

Whichever figure you provide, Uphold will automatically convert and fill in the appropriate amount in the corresponding form field. If you provide the fiat amount you wish to spend, the exchange will automatically fill in the amount of XRP coins you will get. Ripple, as a company, predates the launch of Bitcoin, having been formed in 2004 by software developer Ryan Fugger, four years before Satoshi Nakamoto published the Bitcoin whitepaper. However, Ripple’s initial implementation was conventional, whereby a centralized organization maintained a transaction ledger. You’ll want to check the type of currency that you’ll need to use to purchase XRP. To sign up, you must provide Know Your Consumer (KYC) information.

The app provides real-time price updates, charts, and news related to your holdings. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”). No, it is not too late to buy XRP because the altcoin is still grossly undervalued. It is yet to price in most of the developments that have taken place on the network over the last few years. Several bullish catalysts, including possible ETF approval and a dropped SEC case, are also expected to send its price skyrocketing in the near future.

When trading crypto on Robinhood, ensure you keep crypto taxes in mind. If available, Robinhood will provide cost-basis information to help you file your tax returns. Deposit addresses provided by Robinhood are unique and permanently linked to your account, ensuring proper attribution and crediting of accepted deposits. Any previous deposit addresses will how to buy bft remain valid for your account. Robinhood Crypto transfers are accessible in all U.S. states and the District of Columbia, excluding Hawaii, Nevada, and New York.

Kraken – The Safest Crypto Exchange in the US Today

Securities and Exchange Commission (SEC) over XRP being an unregistered security, but the charges were dropped, resulting in a significant price increase for XRP (over 50%). Learning how to buy and sell cryptocurrency on Robinhood is simple. As we’ve seen with the banking crisis of 2023 and the collapse of FTX and multiple affiliate firms in 2022, it’s good to have a backup plan and know your way around a number of platforms. Many crypto purists may only use decentralized exchanges and shy away from platforms like Robinhood — due to its centralized nature and KYC requirements. If this isn’t a concern, buying crypto on Robinhood is a good option if you value low fees, convenience, and quick order execution. With news of lawsuits against crypto exchanges springing up left and right, you may be left wondering — where will I get my crypto now?

Check out our list of the where and how to buy monero xmr in the uk best investment apps for beginners to find a match for you. The United States Securities and Exchange Commission (US SEC) has approved ProShares’ launch of XRP futures exchange-traded funds (ETFs) on April 30, the company said in a filing with the SEC. Here is all you need to know about XRP, the token’s maker Ripple, how the futures ETFs will work, and other details.

How to Buy and Sell Crypto on Robinhood: A Step-by-Step Guide

These legal issues create uncertainty and potential risks for platforms that choose to support Ripple (XRP) trading. After the trader account is approved, log in and hit the “Deposit Funds” icon on your user dashboard. A funding tab will pop up indicating all the payment methods available to you. Choose one payment option and follow the prompts to fund this account with at least $10. Unlike many speculative crypto projects, XRP has a defined purpose in the financial ecosystem.

Below, we highlight a step-by-step guide on how you can use Uphold to purchase your first XRP coins. XRP is a cryptocurrency intended to speed up global payments at a time when clearing payments can take days. You can’t mine XRP, but you can buy it, receive it, or be rewarded it through centralized, decentralized, and peer-to-peer exchanges, mobile wallets, and payment processors. You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase.

• In August 2024, Ripple was ordered to pay a $125 million penalty for improperly selling XRP tokens.
• The commission-free trading app is well known for stocks, but it also allows users to buy and sell crypto.
• Most centralized platforms offer a tiered identity verification process where the more you transact, the more ID details they will demand of you.
• Hence, we will also discuss further in this article how this lawsuit has affected Ripple and, by extension, the viability of investing in XRP coins.
• After several weeks of strong gains, cryptocurrency markets are taking a pause to consolidate.Cryptocurrency Price Gains +/- Bitcoin BTC/USD $103,832.61 +0.8%…

How to Store XRP Safely

As stated previously, Robinhood is a broker which sends its customer’s orders to trading venues. Coinbase Prime is also a broker, but has a complex trading fee structure that usually floats between $0.99-$4.19, depending on the order size. Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme. According to the official ProShares website, the company has offered ETF products since 2006.

However, investors are paying even greater attention to the possibility of the SEC approving a Ripple spot ETF. This is expected to trigger an explosive value gain and help the undervalued crypto break well above the current highs set in early 2018. All these are expected to have a significant impact on XRP prices going forward. The recovery of the larger crypto market will possibly occur after the Trump administration comes up with a clearer tariff policy. Today, it is the fourth most valuable digital asset, with a valuation of $140 Billion, according to data from CoinMarketCap. And if you settle this fee using BNB Coins, you qualify for a 5% discount.

It is important to note that unlike other cryptocurrencies on Robinhood, you must purchase at least one DOGE. You are notified of the relevant network fee before completing a send transaction. With the exception of using the “Send All function,” where the fee is subtracted from the total sent amount, Robinhood estimates the network fee and includes it in the total amount you wish to send.

Users can search for crypto ATMs that support XRP and other cryptocurrencies on websites that aggregate ATM locations worldwide, such as ATMlocator, Coin ATM Radar, CoinATMs, and CoinMap. Within your chosen exchange, find the XRP currency and enter the amount you’d like to invest. Note the terminology of “trading pairs,” such as Bitcoin (BTC) to Tether how to buy ico tokens (USDT).