How to Buy Ripple (XRP)

Specifically, XRP Ledger introduced a new way of operating a blockchain, one proponents argue makes it more suitable for regulated entities that must follow laws on money transmission. 

If you’re looking for a more comprehensive guide that explains why, be sure to read our “What is XRP?” overview. It covers the basics of XRP, answering key questions about the project and the unique factors shaping its cryptocurrency economy.

As XRP permissions who can update its ledger, proponents argue the cryptocurrency could one day become a source of liquidity needed to facilitate traditional, regulated payments. 

    The easiest way is to buy XRP through an exchange, like Kraken. 

Aside from offering a simple interface and the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose your crypto it is nearly impossible to recover your losses. 

At Kraken, we take security seriously with state-of-the-art technology and procedures that protect client funds. We do not compromise when it comes to security, and neither should you. 

Note: Due to SEC actions we have halted XRP trading for U.S. residents. More information on our blog.

The steps below outline how to buy XRP using the Kraken platform:

1. Sign up for an account
   Enter your email address on our signup page, select a unique username, and be sure to create a strong password.

2. Verify your account
   You can buy XRP with other cryptocurrencies like bitcoin or ether, simply by providing your name, date of birth, country and phone number. If you’d like to use fiat currencies, like USD or EUR, you’ll need additional support documents verifying your identity. For more information, see our verification levels documentation.

3. Deposit fiat or cryptocurrency
   Depositing crypto to Kraken is as simple as sending it to a friend. Just generate a new deposit address in your Kraken account to receive funds from your crypto wallet.

   Adding fiat currencies to your account for trading can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers. The option you select will be based on your location and preference.

4. Buy XRP!
   Once your fiat currency hits your account, you’re ready to start buying XRP. Simply open the New Order page, fill out the order form and click BUY. With your Kraken account you’ll also have access to our charting tools, 24-hour global client support, advanced order types and leveraged trading.

Once you’re done buying XRP, you should look for a way to secure it. The best way to do this is with a wallet that supports XRP. A wallet is anything that allows you to send, receive and store a cryptocurrency. 

There are many types of wallets you can use to keep your digital assets safe, including hardware, software and cloud ones. The option you choose will depend on your individual needs and preferences.

If you’re ready to take the next step and want to buy some XRP, click the button below!