Why buy Ripple with Kraken?

About Ripple

What can you do with Ripple?

Swap Ripple for other assets

Ripple FAQ

Learn more about Ripple

1. How is Ripple different from normal cash?

   Unlike traditional currencies, Ripple is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Ripple. This decentralization means the holders and users of Ripple can help to maintain the network.

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2. Where can I buy Ripple?

   Most find that the easiest and most secure way to purchase Ripple is through a trusted cryptocurrency platform like Kraken. While Ripple can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Ripple.

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3. How do beginners buy Ripple?

   While Kraken makes it easy for anyone to buy Ripple, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Ripple in the Kraken Learn Center, beginners can use Kraken to buy Ripple in moments with as little as $10.

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4. Is Ripple available to buy and sell in my country?

   To find out if Kraken offers Ripple in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Ripple a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Ripple may be a worthwhile purchase.

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6. Can I purchase Ripple using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Ripple?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Ripple I can buy?

   You can buy as little as $10 worth of Ripple on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Ripple regularly.

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9. Can I buy Ripple with a debit card?

   Yes, you can buy Ripple using a debit card on Kraken.

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10. Can I buy Ripple with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Ripple using hundreds of other cryptocurrencies. Browse the Ripple markets available on Kraken to see how much it costs to buy Ripple with other cryptocurrencies.

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11. How can I keep my Ripple safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Ripple. When you choose to keep your Ripple on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Ripple?

    Yes, Kraken makes it easy to automatically buy Ripple on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Ripple?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Ripple from Kraken to my crypto wallet?

    Yes, the Ripple you buy on Kraken is yours. Kraken makes it easy to withdraw your Ripple to any hot wallet or cold wallet that supports Ripple. Simply enter the external wallet address and your Ripple will be in your wallet a few moments later.

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15. Is it safe to leave my Ripple on Kraken?

    We take every measure possible to keep the Ripple you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Ripple. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Ripple?

    Yes, as long as the seller is willing to accept Ripple in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Ripple?

    The current circulating supply of Ripple is 54 109 557 493 XRP.

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