How to buy Ripple (XRP) from the UK

By   |   Verified by Andrew Boyd   |   Updated 20 Oct 2023

  • Ripple Labs is an American technology company that develops the Ripple global payments settlement system and currency exchange network.
  • Ripple (XRP) is the native cryptocurrency that powers fund transfers over the RippleNet (Ripple Network).
  • Ripple's network can facilitate transfers of commodities including fiat currencies, cryptocurrencies, and even gold.

If you want to invest in Ripple, this step-by-step guide will take you through the process of buying Ripple in the UK today.

Not sure which exchange to use?

Where to buy Ripple

eToro Crypto

On website

Don’t invest unless you’re prepared to lose all the money you invest.

eToro Crypto

Highlights

  • Trade and stake a range of crypto assets with low fees.
  • Copy successful traders. Practice with a demo account.
  • eToro is regulated by CySec, FCA and ASIC.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Coinbase

On website

Finty may be compensated when you click on the link.

Coinbase

Highlights

  • Get £5 in Bitcoin with your first trade on Coinbase.
  • Buy and sell popular digital currencies, and keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Crypto stored on Coinbase servers is covered by an insurance policy.


Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
CoinJar

On website

Don’t invest unless you’re prepared to lose all the money you invest. Take 2 mins to learn more.

CoinJar

Highlights

  • Trading fees are 0% - 0.1% on CoinJar Exchange and 1% on CoinJar.com and mobile apps.
  • Trade over 50 cryptocurrencies including Bitcoin, Ethereum, Ripple, Shiba Inu, Dogecoin, Solana, and Cardano.
  • Free GBP deposits and withdrawals (bank transfers), 2% fee on credit/debit card crypto purchases.
  • Earn CoinJar Rewards when you spend your crypto with a CoinJar Card. Free to activate, no monthly charges.

Pros

  • Extremely user-friendly interface.
  • You can use a credit card or debit card to buy crypto.
  • Has a competitive fee structure.

Cons

  • Limited crypto tokens to trade compared to other platforms.

First time buying?

How to buy Ripple

Step 1: Choose an exchange that sells Ripple

You must first choose an exchange to use before buying XRP. Before depositing money into a cryptocurrency exchange, there are some things to look at and consider. Make sure the coin you want to buy is listed, check available deposit methods, whether the exchange supports your preferred payment method to buy Ripple, what fees they charge on trades, and if they charge to withdraw funds.

Step 2: Register and get verified

Once you've decided which exchange to use, you'll need to register an account with them and verify your identity. What information the exchange requires varies but generally includes your full name, date of birth, and address. In addition, a copy of a form of government-issued ID may also be required to complete verification.

Step 3: Fund your account

You can fund an exchange account with fiat or cryptocurrency. Most exchanges support fiat currency (GBP) transfers from a bank account or credit card. Payments via PayPal may also be available. Fiat currency transfers may take several days to clear into your account at the exchange. Another option is to transfer cryptocurrency from a wallet you already control (but this could incur processing fees). Note that some exchanges may require a minimum deposit amount before you can start to buy.

Step 4: Set yourself a budget

Decide how much you want to put into Ripple and stick to it. Crypto is a volatile asset class. It's possible to lose a substantial amount of your money in a relatively short period of time. Therefore, it's best to invest only what you are able to afford to lose.

Step 5: Buy Ripple

The most convenient way to purchase is to use a market order, i.e. purchase Ripple at the next price. If you want to build your position in Ripple, some exchanges make it possible to dollar cost average with recurring buys.

After you buy

Where to keep your Ripple

If you want to steer clear of malware and hacking, store your XRP tokens in an offline or cold wallet (also known as a hardware wallet). However, if you want to keep your XRP convenient so you can trade more easily, keep it in the exchange's wallet.