XRP is one of the top investment choices for crypto traders and investors.
XRP is a hugely popular cryptocurrency that was first launched in 2012.
The technology supporting XRP – Ripple, allows large banks and financial instructions to transfer funds on a cross-border basis in a fast, low-cost, and burden-free manner.
If you like the sound of Ripple and want to learn how to buy XRP in the USA – this guide will walk you through the process step-by-step.
How to Buy XRP – Quick Steps
If you’re looking to buy XRP in the USA right now – follow the quickfire walkthrough below. This mini-guide explains how to make your purchase at SEC-regulated broker eToro at a minimum investment of just $10.
Step 1: Open an eToro account – You will need to register an account with eToro before you can buy XRP. This process takes just two minutes and requires you to provide eToro with some personal information.
Step 2: Deposit Money – At eToro, you can deposit funds with a debit card, e-wallet, or bank transfer from just $10. Best of all, US clients are not charged any deposit fees.
Step 3: Search for XRP – You will see a search bar at the top of the page. Type in ‘XRP’ and when you see Ripple appear, click ‘Trade’.
Step 4: Buy XRP – An order box will populate – look for the ‘Amount’ field and enter your stake from $10. By clicking ‘Open Trade’, eToro will execute your XRP token purchase instantly.
When buying XRP via the eToro website, you can complete the end-to-end process in less than five minutes. If, however, you require a more detailed walkthrough – you will find this towards the bottom of this beginner’s guide.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Buy XRP
If you’re wondering where to buy XRP in the USA, you might be surprised to learn that very few brokers give you access to this cryptocurrency.
Put simply, this is because Ripple was involved in a lengthy court case with the SEC regarding alleged breaches of securities regulations.
Nevertheless, below we explain where to buy XRP in the USA right now in a low-cost and safe manner.
1. Best Place to Buy XRP in the USA
You can buy XRP in the USA at eToro in less than five minutes – which includes the process of opening an account, depositing funds, and placing your market order. This broker is growing at a rapid pace, with more than 20 million clients using eToro to trade. You can buy XRP in safety here, not least because eToro is authorized and regulated by the SEC.
The broker is also licensed in other jurisdictions – including the UK, Australia, and Cyprus. To get started with your XRP investment, you will need to first make a deposit of at least $10. Accepted payment methods include debit and credit cards, ACH, bank wires, and even e-wallets like Paypal. No fees apply to deposits made in US dollars.
Once you have funded your eToro account, you can then proceed to buy XRP on a spread-only basis. And, the minimum crypto purchase requirement at eToro stands at a very affordable $10. In addition to self-directed investment services, eToro also offers passive trading tools. At the forefront of this is its Copy Trading feature – which allows you to mirror the orders of an experienced eToro investor.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. Huobi – Buy XRP With Crypto
Another way to buy XRP in the USA is to use a traditional cryptocurrency exchange that specializes in digital asset swaps. For this, you may consider Huobi. This popular online exchange is home to millions of active traders and it allows you to buy and sell cryptocurrencies at a commission of just 0.20%.
In terms of buying XRP, you will need to exchange the digital currency for USDT or Bitcoin. If you already have access to these tokens, you can open an Huobi account and make a deposit with ease. In choosing Huobi, you will have access to hundreds of alternative crypto assets, alongside staking and loan services.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Kraken – Buy XRP via ACH or Bank Wire 
If you’re looking at where to buy XRP in the USA via ACH or a bank wire, then Kraken could be a good option to consider. This trusted platform offers over 50+ digital currencies – including that of XRP. You can easily deposit funds in US dollars – and ACH transfers are processed instantly.
If opting for a bank wire, then you will likely need to wait several days for the funds to arrive. Nevertheless, once your account is funded in USD, you can proceed to buy XRP at a starting commission of 0.26%. Lower trading commissions are available when you surpass certain 30-day volume milestones.
Ways of Buying XRP
Once you have figured out where to buy XRP in the USA, you can then start thinking about the best payment method to use.
The most common ways to buy XRP are briefly discussed in the sections below.
How to Buy XRP With PayPal
eToro is one of the few online brokers to support deposits and withdrawals in the form of Paypal. The minimum deposit requirement when using this payment method to buy XRP is $10 and no fees apply if your e-wallet is denominated in US dollars.
Like most payment methods accepted on the eToro website, your Paypal deposit will be credited to your account instantly. When entering your Paypal login credentials at eToro – this is protected by encrypted protocols.
Buy XRP With Credit Card or Debit Card
Another instant and secure way to buy XRP in the USA is with a traditional credit or debit card. You need to be extra mindful about fees when using this payment method, as most cryptocurrency brokers charge in excess of 3%.
To circumvent high fees, you might want to buy XRP with a credit or debit card at eToro. This is because the broker charges nothing in deposit fees. If using this payment method, you can also withdraw your account balance back to the same card.
Buy XRP With Neteller or Skrill
If you’re looking to use funds currently held in Neteller or Skrill, these payment methods are also accepted at eToro. The deposit and withdrawal process is exactly the same as Paypal – both in terms of the $10 minimum and fee-free service when the e-wallet is funded in US dollars.
Why t0 Buy XRP?
XRP – like all digital currencies, can be extremely volatile. The rise or fall of XRP is often driven by hype and speculation – so it’s crucial that you understand the risks before proceeding.
With this in mind, below we discuss some of the main reasons why you might decide to buy XRP in the USA today.
Cross-Border Transfers
The unique selling point of Ripple and its underlying XRP token is that it has created a new way for banks and financial institutions to transfer capital across borders. In its current form, the vast bulk of cross-border transactions goes through third-party SWIFT.
In using SWIFT, it can take 3-5 days for the funds to arrive – and when using non-major currencies, fees can be extortionate.
In comparison, Ripple allows institutions to transfer funds with a confirmation time of less than two seconds. In terms of fees, Ripple carries a fixed transaction fee of 0.00001 XRP. Based on prices as of writing, this translates into a fee of just $0.0000075.
Real-World Partnerships
Like most cryptocurrency projects, the team at Ripple claims that its technology has readily available solutions for real-world problems.
This is, however, fully backed up by the fact that more than 200 large banks and financial institutions are now trialing or using the Ripple network to facilitate cross-border payments.
Crucially, this legitimizes the Ripple and XRP framework. Examples of partnered institutions include Santander, Yes Bank, and Axis Bank.
Liquidity Bridge
Going back to SWIFT – one of its major drawbacks is that it is required to utilize corresponding banks when emerging currencies are used in a cross-border transaction. An example of this would be a bank in Thailand transferring baht to an institution in Brazil – which uses real.
The current framework of SWIFT would require corresponding banks to transfer baht into US dollars, and then into real. It goes without saying that this is a costly process for both the sender and receiver.
But, in the case of Ripple, XRP acts as an all-important bridge between competing currencies – irrespective of how much liquidity there is in the market. As such, there is every chance that Ripple will be the payments network of choice for those based in the emerging markets.
XRP Price
As noted earlier, the price of XRP is super volatile and highly speculative. The specifics behind the market value of XRP are determined by market forces.
So, when buying pressure outweighs the number of sellers, the price of XRP will rise. This can be based on real-world developments, such as XRP partnering with a new bank or Ripple winning its case against the SEC.
In terms of price history, XRP hit all-time highs of $3.84 in early 2018. Since then, XRP has dropped in value significantly. As of writing in early 2022, you can buy XRP in the USA at just $0.75 per token.
XRP Price Prediction
You will find plenty of XRP price predictions in the online domain with a simple Google search. Some market commentators without the required know-how will make bold XRP price predictions that are based on nothing tangible.
For example, we recently came across an XRP price prediction of $100 per token – which would give the digital asset a market capitalization of over $4.6 trillion. As such, it’s best to avoid baseless XRP price predictions and instead compile your own analysis and research.
How to Buy XRP – Tutorial
If you are wondering how to buy XRP in the USA with a low-cost and regulated broker – we will now explain the process with eToro.
At this SEC-licensed brokerage, you can purchase XRP from just $10 and on a spread-only basis.
Step 1: Open an Account
As is the case with all online brokers, you will first need to register an account with eToro. To do this, let eToro know who you are by entering some personal information.
Next, choose a username and verify your cell phone number.
Step 2: Upload ID
Upload a copy of your ID to get your eToro account verified.
Step 3: Deposit Money
Make a deposit (minimum $10) with a debit/credit card, e-wallet, ACH, or any other supported payment method.
Step 4: Search for XRP
Search for XRP and hit the ‘Trade’ button.
This will subsequently load an order box.
Step 5: Buy XRP
In the ‘Amount’ field, enter a stake of $10 or more.
Click on ‘Open Trade’ to finalize your XRP investment.
Conclusion
This brief beginner’s guide has explained how to buy Ripple in the USA with low-cost broker eToro.
To buy XRP right now, head over to the eToro website, open an account and deposit US dollars on a fee-free basis. In doing so, you can then buy XRP from a minimum investment of $10.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
FAQs
Can you still buy XRP?
Yes, you can buy XRP in the USA from a select number of brokers.
Is XRP a good buy now?
XRP could be a buy when you consider that at $0.75 per token, it is trading at a discount of 80% from its prior all-time high.
Where can I buy XRP?
You can buy XRP in the USA at eToro on a spread-only basis.
How do I buy XRP stock?
XRP is a cryptocurrency and not a stock.
What is the best place to buy Ripple?
If you’re looking for a low-cost, regulated, and burden-free way of buying XRP – consider eToro.
How to buy XRP on Coinbase?
Coinbase does not support XRP purchases.
