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How to Buy XRP (Ripple) in 2 Minutes | Step-by-Step

How to Buy XRP
Nemanja Curcic

Summary: While it has still to reach its 2018 peak price, XRP has witnessed steady growth since the start of 2024. Due to its popularity and presence on major cryptocurrency exchanges, many day traders consider it a worthwhile investment. If you want to buy XRP, you need to find a reputable cryptocurrency trading platform that offers this token, such as BYDFi.

All-in-One Crypto Exchange - Get Your First Coins in 2 Minutes

  • Multiple Licenses - Reliable and Regulated

  • Service Diversification - One-Stop Trading Platform

  • Copy Trading - Get Copied, Get Paid

  • Easy Deposit & Withdrawal - From Fiat to Crypto, Fast and Easy

500,000+ Users

What is XRP?

XRP is a cryptocurrency that runs on the XRP Ledger. While often associated with Ripple, it functions independently of the company. The XRP blockchain works differently than other cryptocurrencies like Bitcoin (BTC). It is more centralized due to a consensus protocol.

How to Buy XRP (Ripple) in 2 Minutes: Ripple homepage screenshot.
Ripple homepage screenshot. Source:

Anyone can download its validation software, but a list of unique nodes verifies transactions. The node ledgers are updated every 3-5 seconds, and the network stops if it discovers a mismatch between ledgers. The use of the consensus protocol vastly speeds up transactions while maintaining blockchain security.

You can also stake your XRP as part of the consensus protocol, where your XRP is used to manage transactions on the blockchain. Traders who decide to stake receive a portion of XRP for each successful transfer as a reward.

Where to buy XRP?

While not originally intended to be a currency or a financial asset, XRP has become an investment commodity as several popular exchanges provide it to its users. Traders can pursue active daily trading with it or ‘HODL’ it as a part of a long-term investment strategy if they expect the price of XRP to rise.

It is worth mentioning that Ripple has been battling in court with the Securities Exchange Commission (SEC) since 2018 due to XRP not being listed as a security, so most US-based crypto exchanges no longer offer the token. However, as Ripple won certain critical legal battles, the prospects may yet be positive.

That said, the best way to buy XRP is with the help of BYDFi, a popular crypto trading platform that offers:

  • Over 400 different crypto assets;
  • Copy trading;
  • Advanced features such as pot, leveraged pairs, and perpetual with up to 150x leverage;
  • A significant degree of regulation (such as MSB and FINTRAC registration for the US and Canada);
  • User-friendly interface.

In addition, BYDFi adheres to strict security regulations and implements KYC policy, making it a safe and secure place to trade cryptocurrencies.

Now, let’s get into the step-by-step process itself:

How to buy XRP in 2 minutes: step-by-step

With an online crypto trading platform like BYDFi, buying XRP is simple and done in minutes.

Step 1: Create a free account on BYDFi website or app

Head to the BYDFi website and click the [Get Started] button in the top right corner.

how to buy xrp, step 1
How to buy XRP: Step 1, Get Started. Source:

Additionally, you can use the email sign-up form in the center of the page. Type in the email address, then click the [Get Started] button.

You will then get two account registration options: signing up with an email address or phone number. Pick an option from the top selection panel as shown below.

how to buy xrp, step 1
How to buy XRP: Step 1, email. Source:

Email registration:

If going for the email option, input it and click [Send] to start the verification process. BYDFi will then send a six-digit verification code; copy and paste it into the field. 

Proceed to create a login password and check the terms and conditions circle if you agree with the BYDFi policies. Optionally, you can also provide an invitation code if you have one. 

Once done, click on the orange [Get Started] button.

Mobile registration:

The process is near-identical for mobile registration. You need to provide BYDFi with your phone number. You will get an SMS with a verification code. Everything else is the same as email registration.

how to buy xrp, step 1
How to buy XRP: Step 1, mobile phone. Source:

At this point, you have successfully registered an account. Now, let’s proceed to fund your account.

Step 2: Decide on the amount and buy XRP

After registering and accessing your account, it is time to deposit funds to buy XRP.

To do this, click the [Buy Crypto] button on the top left side of the main navigation bar. Select XRP to receive the token and choose the fiat currency you wish to buy it with.

how to buy xrp, step 2
How to buy XRP: Step 2, Buy Crypto. Source:

Scroll down a bit to find payment channels and pick your preferred options. Take note that fiat deposits are provided by third-party service providers and are not processed by BYDFi. Depending on your selection, once you click on [Buy Now], you will get different payment options, including:

  1. Credit card payment;
  2. Apple Pay;
  3. Google Pay;
  4. CashApp;
  5. Bank wire.
how to buy xrp, step 2
How to buy XRP: Step 2, payment channels. Source:

Decide on the amount of XRP you want to buy. Transfer times will be different depending on the payment method you opt for. As for BYDFi’s part, the transaction is complete within 2-10 minutes.

Step 3: Review the fees and confirm your order

The exchange platform will show you the closest approximation of your total fees, cost, and the amount of XRP that you’ll get from the purchase before you approve the order. 

BYDFi’s fees are competitive and straightforward – crypto spot trading fees are between 0.1% to 0.3% of the transaction, depending on the cryptocurrency type. They also do not charge any fees on deposits, only a flat fee for withdrawals to cover the transaction costs.

how to buy xrp, step 3
How to buy XRP: Step 3, reviewing the fees. Source:

Proceed to do the ‘Know Your Customer’ confirmation process and see the service deliver XRP to your account. While you can use the core features of the platform without it, after the completion of the KYC on BYDFi’s platform, you can use all the features and have a higher limit for transfers and withdrawals. Furthermore, KYC verification keeps users safe from hazards like money laundering, fraud, and financing illegal organizations. 

Step 4: Store XRP in a cold storage wallet

Your BYDFi funds are stored in an online ‘hot wallet,’ essentially a virtual wallet associated with your account for the funds you own within the platform.

Once you’ve secured a payment method with BYDFi, trade orders get processed within 2-10 minutes. 

XRP price today

XRP has experienced several price surges so far this year due to increased user engagement, increased social interest, and positive developments in the ongoing court proceedings with the SEC. 

The lawsuit was filed by SEC in 2020 due to Ripple raising $1 billion by selling XRP. In essence, SEC claims that the token is a security, while Ripple maintains their position that it is not. The final outcome of the SEC v. Ripple lawsuit will likely impact the price of the altcoin in either direction. 

Pros and cons of buying XRP



  • Fast lane for international transactions: The core concept behind XRP is to facilitate global market commerce, massively reduce costs, and boost efficiency;
  • Popular token: Many banks and financial institutions have extended their support to XRP.


  • Volatile: Cryptocurrencies are a volatile financial instrument and must be handled with attention;
  • Ripple is the owner of a significant share: This can result in price inflation due to intervention policies;
  • Ripple is in an ongoing lawsuit with the SEC: If the lawsuit proves Ripple broke the law, it may impact the XRP price negatively;
  • Pre-mined: Ripple releases pre-mined XRP tokens in intervals. If mishandled, the process can make the token more volatile.

Mistakes to avoid when investing in cryptocurrencies

It is vital to stay aware of common investing mistakes when buying XRP. Traders often fail due to:

  • Lack of research: The crypto market is complex, and research efforts are necessary for successful crypto trading;
  • Lack of strategy: Set your goals before you spend any money. Never invest what you cannot afford;
  • Staking everything on one asset: Always diversify your portfolio;
  • Falling prey to scams: Avoid illegal platforms and suspicious deals.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy XRP instantly:

How to buy XRP?

To buy XRP online instantly, you can use a regulated and legitimate brokerage platform that offers the token, such as BYDFi.

Where to buy XRP?

There are plenty of crypto exchange platforms operating online. Consider BYDFi as a candidate of choice.

How to buy XRP with a credit card?

You can buy XRP with a credit card on BYDFi. You simply need to use your credit card with the platform to purchase the desired token amount in the steps described above. 

How to buy XRP with PayPal?

Traders can buy XRP with PayPal by linking the transaction service and using it as a deposit for the BYDFi platform. 

How to buy XRP in the USA?

While most US-based platforms delisted XRP, you can still purchase the token from international exchanges.

Where to buy XRP in the USA?

Despite many US-based exchanges taking down XRP from their offer, you can obtain XRP through platforms like BYDFi.

All-in-One Crypto Exchange - Get Your First Coins in 2 Minutes

  • Multiple Licenses - Reliable and Regulated

  • Service Diversification - One-Stop Trading Platform

  • Copy Trading - Get Copied, Get Paid

  • Easy Deposit & Withdrawal - From Fiat to Crypto, Fast and Easy

500,000+ Users

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