Buying Ripple (XRP): Top Brokers and Exchanges – A Step-by-Step Guide

The name “Binance” is made up of the words “binary” and “finance”, which describes the connection between technology and the world of finance. The international trading platform is one of the largest crypto exchanges in the world and was launched in July 2017. With a settlement rate of up to 1.4 million orders per second, it is also one of the fastest exchanges on the market today.

Binance offers the purchase of XRP by credit card. If you already own Bitcoin, Ethereum or Tether, you can also trade these cryptocurrencies for XRP. We present both options in detail.

Creating an account with Binance

Registering with Binance (click here!)* is free and quick. All you need is your e-mail address and a secure password, then you need to move a puzzle to the right place and confirm your e-mail address via the activation link. After the first login, you can additionally protect your Binance account with “two-factor authentication” or SMS authentication.

This can be found under the menu item Account and in the Google Authenticator section. The Google app is available in the App Store and Play Store and can be downloaded free of charge. This authentication protects your account from unauthorized access, as the authentication code is required before every login. The QR code must be scanned with a smartphone and the numerical code that appears must then be entered in the corresponding window. SMS authentication is only possible with a Chinese cell phone number.

Purchase limits with Binance

You can use all functions on Binance without verification. The purchase limit per day is 2 Bitcoin. If you verify yourself, you have a much higher limit of 100 BTC at your disposal.

Buy XRP with credit card

The menu item for buying XRP by credit card can be found in the top menu under the tab “Funds” and “Buy with Credit Card”. This will take you to the following screen:

It is important to know that Binance works together with Simplex to process the purchase. The purchase process itself is relatively self-explanatory. Nevertheless, we have put together a short summary of all the steps:

1. Select XRP and the currency you want to pay with (Euro or USD).
2. Fill in all personal data.
3. Verify your email address and phone number with a code that you will receive by email and text message.
4. Once you have completed these steps, go back to Binance.com.
5. Enter your credit card information.
6. Upload your identity verification documents (front and back of your ID).

There are a few things to consider before and after buying Ripple.

• The amount indicated is based on the current XRP rate and is not final, but will be recalculated later at the time of settlement. If the price changes by more than – 2.5%, you will be asked to reconfirm the transaction by email from Simplex.
• The transaction fee is 3.5% or 10 USD, whichever is higher.
• The daily limit per user is 20,000 USD. The monthly limit is 50,000 USD.
• Furthermore, a minimum deposit amount of currently 50 USD applies.

Once you have understood this information and completed the steps, you can buy XRP quickly and easily.

>> Buy Bitcoin on Binance now* <<

Swap Ripple for Ethereum

If you already have some ether, you can send it immediately to the Binance wallet address. If this is not the case, you can buy ether quickly and easily on LiteBit. To do this, enter the Binance wallet address when purchasing so that the ether is sent directly to Binance.

You can find your Binance wallet address, which you must enter when purchasing ether on LiteBit, by logging into Binance and going to “Funds” and then to “Balance”. Now enter ETH in the search field and click on “Deposits”. You will now see your deposit address for Ether. Copy it and enter it on LiteBit as the receiving address.

As soon as the ether has been transferred to your Binance wallet, you can start exchanging it for Ripple. First, click on the Binance logo in the top right-hand corner. Once you are on the page, go to “ALTS Markets” and select Ripple or XRP/ETH.

Now use the “Buy XRP” field on the left and enter how much XRP you would like to purchase in the “Amount” field. The line above shows the price for one XRP in ETH.

Once you have selected your desired amount, you can see how much ETH your XRP purchase will cost in the bottom line (“Total”). By then clicking on “Buy XRP”, your order will be processed immediately and your Ripple units will be in your wallet in just a few seconds.

>> Buy Ripple (XRP) on Binance* <<

Buy Ripple (XRP) on eToro

The next trustworthy broker we would like to introduce to you is called eToro and was founded in 2007 by three entrepreneurs. The international group has two registered offices in London (UK) and Limassol (Cyprus) and also has branches in Tel Aviv and Shanghai. The website is available in 20 languages, including German. Thanks to its clear structure, the site is very user-friendly and the Ripple purchase process is completed quickly. A major advantage of eToro over other platforms is the high level of security – thanks to deposit insurance of up to €20,000 – which every customer is entitled to. The platform is also regulated by the state.

Get started with eToro by visiting the official website. If you click on this link, you will be taken directly to the German-language version of the website*. Once there, create an account by clicking on “Register now” . After a new window has opened, enter the required data.

Once you have entered your e-mail address and telephone number and chosen a user name and password, all you have to do is accept the privacy policy and terms of use and click on “Create account” and you’re done.

The buy limits on eToro for Ripple/XRP

Once your account is fully set up, you can deposit money directly, but you cannot yet use the full eToro offering as you have not yet gone through the verification process. Your limit is therefore still €2,000 for the time being.

If you would like to invest more money in XRP, you only need to follow a few instructions. To do this, go to “Edit” in your profile. You will now be asked to prove your identity and enter your address and tax number. This personal user data is important to prevent money laundering and increase security. They are also part of EU law.

To get off to a more relaxed and unrestricted start, it is definitely worth going through the simple process and verifying yourself right at the beginning. Whether you are already verified or not is irrelevant when it comes to loading money into your account. Log in and click on “Deposit money”.

Now enter the desired amount and currency and select one of the deposit methods. You can choose between bank transfer, credit card, SOFORT or e-wallet. The following table gives you an overview of the respective payment methods. Which payment method you can use depends on your place of residence.

Buy Ripple on eToro

On eToro you can buy both “real XRP” and so-called XRP CFDs. We will now show you how to buy real XRP.

buy “real” XRP

To buy Ripple, first click on “Markets” and then on “Crypto”. You will now be shown all fifteen available digital currencies.

Finally, select “Ripple”. You will now see two abbreviations, where “K ” stands for buy and “V” for sell. Once you have clicked on the “K”, all you have to do is enter an amount and click on “Buy”.

After a few seconds, your transaction is already executed and you have bought Ripple super quickly and easily. The XRP are now stored in your eToro account/wallet.

Buy XRP CFDs

Buying XRP CFDs works in almost the same way as buying the “real” XRP. To buy XRP CFDs, you have to click on “K” again to buy XRP. You will then be taken to the familiar overview. Here you enter the amount of money you want to invest for your XRP purchase as usual. Now you need to set the leverage multiplier “X2”. Currently, eToro does not offer higher leverage for cryptocurrencies.

Once you have selected “X2”, you should check your stop loss and take profit settings. A stop-loss limit is extremely important to keep the respective risk low. Once you have adjusted these settings as required, you can open the trade.

In simple terms,stop loss means that you close a trade if the XRP price reaches a fixed price or an amount of money that you can set. Take Profit determines in detail when your trade is closed fully automatically when the profit of your trade has reached the amount you want. It is also important to know that eToro charges so-called “overnight fees”, also known as rollover fees. This information also appears in a pop-up before you place your order.

Buy Ripple (XRP) at Coinmama

Coinmama was founded in Israel in 2013 and is also based there. On Coinmama, you can buy Ripple very quickly and easily directly with euros. Of course, you will first need to create an account.

To register on the official site, simply click on this link and enter your email address, a password and your first and last name in the top four fields. You must also select your country of residence. Once you have selected this, you can click on “Create account” to complete your account creation. By opening an account, you also agree to Coinmama’s privacy policy and terms of use. To read these, you can click on the words “Terms” and “Privacy” highlighted in blue.

To ensure that this is your real e-mail address, you must log in to your e-mail account and click on the confirmation link in an e-mail from Coinmama. If you do not find the activation email directly in your inbox, check your spam.

As soon as you have opened the link, your account is activated and you will be redirected to the Coinmama homepage, where you will find the “Log In” button in the top right-hand corner, which you can use to register by entering your email address and password.

To be able to buy Ripple, you must first verify yourself. To do this, go to “Verify Me” and enter the required information. Once you have done this and then clicked on “Next”, you can either upload copies of your passport, ID card or driver’s license. You will also be asked to take a selfie with a sheet of paper with the name Coinmama and the current date next to your face.

Once you have completed these steps, you only need to send the files so that they can be checked. To do this, click on “Send for Approval” in the bottom right-hand corner. The approval process takes a maximum of 24 hours and as soon as it is complete, you can start buying XRP.

To do this, click on “Buy” in the navigation bar on the right and select Ripple (XRP). Now you can choose whether you want to buy XRP with euros or USD and either select a predefined or round amount or enter a specific amount yourself.

At Coinmama you can currently buy XRP with the following payment methods:

• by credit card
• by debit card
• by bank transfer

Additional fees may apply for the purchase of XRP.

• When purchasing XRP by credit card or debit card, the payment service provider charges a fee of 5%.
• It is recommended to pay by bank transfer as there is no processing fee. A fee of GBP 20 is charged for SWIFT transfers if the amount of the transfer is less than USD 1,000.

Further information is also helpful:

• Deposits are accepted in all major currencies, meaning you can pay with your local currency. Nevertheless, the prices are displayed in either USD or euros.
• You can also sell your XRP on Coinmama.
• The minimum amount for buying XRP is 60 USD.

The daily limits are 5,000 USD and the upper limit per month is 30,000 USD.
You can place five orders in twenty-four hours and a maximum of 20 in thirty days, regardless of the amount of the orders.