You may think that given several recent high profile de-listings of XRP (Ripple) from multiple exchanges that it is difficult to buy XRP. But, the surprising thing is that even though XRP is down nearly 90% from its all-time high, partly due to the Securities and Exchange Commission’s complaint against its developer, you still can buy XRP on more than fifty different cryptocurrency exchanges. In fact, XRP is still the seventh largest cryptocurrency by marketcap with more than one billion dollars of XRP traded daily on exchanges around the world. In the following informative post we will reveal to you exactly –
- how to buy XRP
- The best exchanges to buy XRP
- Where to buy XRP in USA
HOW TO BUY XRP
In 2012, Ripple Labs released the XRP token with the aim of providing a blockchain based alternative to SWIFT. The XRP token is used to facilitate cross-border transactions almost instantly with minimal fees. As a result, XRP appeared to be succeeding and over the next few years forged prominent partnerships with various banking and financial institutes around the world.
However, in December 2020, the SEC launched a case against Ripple Labs claiming that the sale of XRP was actually an offering of an illegal security. However, Ripple argues that XRP should be treated as a virtual currency, not an investment contract or stock. If you would like to read more about the case you can follow it HERE. Following the SEC complaint, several notable cryptocurrency exchanges (mostly those based in the USA) de-listed XRP. However, do not despair, if you still believe in the future of Ripple and XRP and would like to know where to buy XRP, then we have the best possible solutions for you.
BEST EXCHANGES TO BUY XRP
You can choose from any of a number of exchanges, and if you don’t know how to find this information, then you can read our post about Coinmarketcap HERE and all of the useful information it contains. However, our suggestions for buying XRP in 2022 are the following cryptocurrency exchanges –
- BINANCE
If you are not located in the U.S, then Binance should probably be near the top of your list due to the sheer volume it trades daily of XRP. Binance trades more than 100 Million dollars of XRP daily across 15 different trading pairs. If you do not have a Binance account then follow the link and simply sign up for one HERE to begin trading XRP today.
(Note that you cannot buy XRP on Binance.us)
- OTHERS
You may also wish to check out what local options you may have to buy XRP in your country. For example, if you are located in Thailand then you can buy XRP directly with Thai Baht at BITKUB. Likewise, you can buy Ripple with Korean Wan pairs at Bithumb or with Japanese Yen at Bitflyer. Buying on a local exchange may offer several benefits in terms of simplified on and off-ramps for funds and reduced costs. If you are in Thailand and would like to Join Bitkub Crypto Exchange, then we have a fully comprehensive beginner’s guide HERE.
WHERE TO BUY XRP IN USA
Since the SEC lawsuit against Ripple Labs, it has become increasing difficult to buy the XRP token within the US. The following exchanges have delisted XRP in the last two years an no longer trade it –
- Coinbase
- Bitwise
- Bitstamp
- Crypto.com
- OkCoin
- Binance.US
- Gemini
There are still a few choices available for where to buy XRP in USA in 2022.
- KRAKEN
Perhaps, the simplest and best choice to buy XRP would be to open an account at Kraken Crypto Exchange. Kraken is one of the oldest and most-trusted cryptocurrency exchanges and joining it is relatively simple. If you don’t already have an account, then you can follow our simple Beginner’s Guide How to Join Kraken. Once you have opened an account you can begin to buy XRP almost instantly.
If you would like to know more about Ripple XRP, then there are many short videos such as this one on their official Ripple Labs YouTube Channel.
