The XRP Ledger has always pitched itself as a tokenization platform, but until now, traction has been weak. Only two RWAs exist on the ledger today, worth about $50 million, according to RWA.xyz. The SEC has previously acknowledged these applications, and decisions expected in the coming months could pave the way for additional XRP investment options. Depending on the chosen deposit or funding method, your XRP will be credited to your account immediately or after a predetermined period.

Now, the company is betting that Hidden Road will bring the kind of volume and use-case firepower that XRPL’s been missing. The company dropped $1.25 billion to acquire prime broker Hidden Road, and according to Ripple CTO David Schwartz, it’s a “defining moment” for XRP and its blockchain. This isn’t just about adding a shiny asset — it’s about cracking into the real-world asset (RWA) game in a serious way. Teucrium’s leveraged ETF arrives amid a flurry of applications for spot XRP ETFs still under SEC review.

You have to provide personal information to verify your identity and connect a payment method. After providing the necessary documents and information, Coinbase can take up to 48 hours to complete the verification process. Both types of exchanges provide unique advantages and disadvantages; however, beginners are recommended to start on CEXs because of their simplicity and usability. Some of the top CEXs include Coinbase, Robinhood, eToro and Kraken.

How to buy Ripple’s XRP? (Step-by-Step)

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• Fill in the amount to purchase on the middlebox with the fiat currency selected or by specifying how many XRP coins you wish to buy.
• Enter and confirm the amount of XRP, you would like to purchase and pay using your preferred method.
• If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Ripple in the US.
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• XRP also boasts faster transactions and instant payment settlements, unlike the Ethereum network, which can get sluggish during congestion.
• But critics have raised concerns about Ripple’s centralized control over XRP and potential vulnerabilities in its consensus protocol.

Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Given the cryptocurrency market’s dynamic and unpredictable nature, it’s essential to approach predictions with caution. It is important for investors and crypto enthusiasts to conduct their own varied research as opposed to relying solely on a single source for forecasts. Before making your purchase, research which trading platform suits you best based on security and ease of use. Like many things in life, there are some caveats, especially if you’re purchasing XRP with another crypto.

• The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App.
• Ripple is a semi-decentralized protocol designed for institutions, offering low transaction fees and fast, secure transactions using its token, XRP.
• For XRP stored externally, you must deposit the asset into your preferred exchange.
• We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site.
• For example, if you also want to explore crypto loans, YouHodler is the platform you need.

XRP vs. Bitcoin

Uphold is a New York-based multi-asset company with cryptocurrency as one of its supported products. There are more than seventy cryptocurrencies available for purchase on its platform, and XRP is one of them. Below, we highlight a step-by-step guide on how you can use Uphold to purchase your first XRP coins. Ripple’s XRP cryptocurrency is one of the most popular digital assets, consistently ranking among the ten dominant crypto assets by market capitalization. Despite its apparent drop in the rankings, XRP is still a highly sought-after cryptocurrency.

XRP has become one of the most popular and liquid investments in the cryptocurrency market. But XRP and other cryptocurrencies also have a history of extreme volatility, and past returns are no guarantee of future success. “On (the) one hand, the digital currency has demonstrated its utility in streamlining international money transfers. SEC add a layer of regulatory risk, making it a potentially volatile investment,” Weisberger said.

XRP in the Digital Economy

Enter and confirm the amount of XRP, you would like to purchase and pay using your preferred method. Coinbase new to bitcoin read this first 2020 accepts debit cards, ACH deposits, wire transfers, Apple Pay and Google Pay, allowing you to buy cryptocurrency easily. After purchasing, you will see your tokens in the assets section of the application.

We do not recommend specific products or providers, however may receive a commission from the providers we promote and feature. Carefully consider investing in XRP as part of a wider strategy, and talk to a financial advisor if you have any questions. Finder’s panel expects the XRP price to trade as high as $0.90 by the end of December 2022 from the current price of $0.53.

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Coinbase is widely regarded as a reliable and reputable platform for buying XRP, making it an attractive choice for U.S. traders. One of the main reasons for Coinbase’s popularity is its established position as one of the largest cryptocurrency exchanges globally. With its top bitcoin price predictions extensive user base and longevity in the market, Coinbase has built a strong reputation for trustworthiness and reliability. The platform you personally choose should depend on your individual requirements and needs.

It is not intended to offer access to any of such products and services. You may obtain virtual currency miners for sale access to such products and services on the Crypto.com App. The Teucrium 2x Long Daily XRP ETF (XXRP) give investors a 2x leveraged exposure to the closely related Ripple token. XXRP will start trading on the NYSE Arca on Tuesday even before a standard “spot” XRP ETF has been approved by regulators. The last step will involve you checking the transaction details and confirming that they are correct.

Choose your payment method and confirm

We had also outlined a simple step-by-step process to acquire XRP from Uphold, one of the few exchanges that still allow its users to buy XRP. Most other exchanges offer a similar process to buy crypto, but the details may vary. You can tinker with your chosen platform to figure out the process or contact the official customer support for help. When the XRP tokens are sent from one wallet to another, they are transferred on the XRP ledger (XRPL), which is a blockchain network similar to Bitcoin in functionality.

Over the last few years, he has become a blockchain evangelist, fascinated with the tech’s utility and impactability. Gianluca contributes to Benzinga, is working on a Defi research project through Blockchain UCSB, and continues to expand his Web3 acumen daily. He loves learning, analyzing new projects and market conditions, and building relationships with industry leaders. On your device of choice, go to the signup page and fill out the questionnaire.

A general rule of thumb is it’s easier to purchase a crypto with a fiat currency like the U.S. dollar compared with other cryptocurrencies. Since December 2020, Ripple has been defending its XRP token against the U.S. Securities and Exchange Commission (SEC), which has claimed that the token constitutes an unregistered security. It can be sent and received by counterparties in a transaction at fast speeds and cheaply. Investors can also buy, sell or trade the asset for a profit (i.e., speculate on its value). Most centralized platforms offer a tiered identity verification process where the more you transact, the more ID details they will demand of you.