How to Buy XRP on Coinbase
Finding a solution for the centralized financial system we’ve lived with during all history is one of the main goals of cryptocurrencies.
The crypto market is full of thousands of coins, tokens, and digital assets that users can sell, buy, or trade in a crypto exchange.
The future is digital, and so is the present. Thus, each digital coin that appears is trying to look forward while offering solutions to users all over the world.
This is the case of Ripple (XRP), a cryptocurrency that presents itself as a solution for financial institutions and institutional investors.
The information contained in this blog post covers the following important topics:
- How to buy XRP on Coinbase;
- Ripples’ details and everything you need to know about this coin;
- How to invest your money in XRP currencies.
What is Ripple (XRP)?
Ripple Labs has an ambitious goal: reforming the whole financial system.
Ripple is a blockchain-based network made for payments.
Since it works directly on the Blockchain network, it offers decentralized transactions with high levels of security and almost immediate processes.
On the other hand, XRP is the native cryptocurrency used by the XRP Ledger.
New coins appear every day, and many exchanges adopt them fast, but now all of them defy the banks as Ripple does.
XRP is different from Bitcoin since it relies on specific mechanisms.
Before investing in XRP or another cryptocurrency, we recommend checking its price and market cap in reliable sources such as CoinMarketCap.
Pro Tip: Finding a good trading platform for your cryptocurrencies is often a challenge.
Should you create a Coinbase Account, or should you spend crypto in other exchanges?
We have written a complete Coinbase Beginner’s Guide that you can check in order to make a firm decision regarding your day-to-day cryptocurrency exchange.
How to Buy XRP on Coinbase
For many, Coinbase is the best exchange out there.
You can add your credit card, bank account, and transfer dollars or another fiat currency in order to purchase crypto.
Adding Money to Coinbase platform is elementary, but is buying Ripple easy as well? You are about to find out.
Can You Buy Ripple XRP on Coinbase?
Back in January 2021, Coinbase de-listed XRP from their platform.
As of today, trading and buying Ripple on the Coinbase platform is not possible.
Therefore, there’s no way to use a credit card, cash, or pay with fiat currencies for XRP in Coinbase by any means.
Likewise, starting a Ripple to USD bank transfer is impossible.
You can buy Bitcoin and other coins available in the cryptocurrency market on Coinbase, but you can’t do so with Ripple.
In case you have some Ripple in your wallet, you can send it out to an external exchange and then manage the funds at your will, but NOT on Coinbase.
Learn more about Coinbase and Ripple here.
Read Also: Do you have a problem with Coinbase? Coinbase customer service will be glad to attend you!
Learn how to efficiently contact Coinbase customer service by reading the blog post we’ve written about this matter.
Crypto Exchanges Alternatives to Buy Ripple Directly
So, you can’t buy Ripple on Coinbase. Now what?
Basically, you can only make transactions that involve getting your Ripple out of this exchange.
Fortunately, there are other trading alternatives out there.
A quick Google search reveals that most people actually use the Binance exchange.
Binance is among the biggest cryptocurrency exchanges in the world, and guess what?
You can buy Ripple there!
So, create an account, open the verification email, click the link and get ready to purchase Ripple and other coins in Binance.
Pro Tip: Binance or Coinbase, Coinbase or Binance. We are talking about two of the leading exchanges out there.
Binance offers low fees, and Coinbase offers top-notch safety for your assets. Don’t know which one to pick? Take a look at our Binance vs. Coinbase guide!
Step 1: Log in to Your Binance Account
You’ll need to verify your Binance account in order to buy Ripple on the exchange. Binance KYC Verification Process is a must, so you can’t skip this step.
Step 2: Go to the Buy/Sell Section to Purchase Cryptocurrency
Verifying your account will allow you to add a payment method. Once you do it, you’ll be almost good to go for buying XRP.
Step 3: Buy XRP Cryptocurrency
Both in Binance app and website, you’ll quickly find the “Buy/Sell” button. Click or tap on it and look for XRP on the search bar.
Alternatively, you can just click here: Buy Ripple on Binance.
There, you will see the price of the coin. Check the fees, select the amount you want to buy, and confirm the transaction.
XRP Trading, Holding, and Selling
Some people trade ripple, some others decide to hold it.
The truth is that this coin is aiming to change the way in how payments are performed; hence many businesses and companies are accepting XRP as an alternative payment method.
So, you can just purchase goods in certain establishments using this coin.
XRP payments are fast and secure, which is why many crypto enthusiasts strongly believe in the success of this coin.
And that was all for today! You can’t buy Ripple on Coinbase anymore, but that doesn’t mean you should give up - there’s always a solution!
Buy XRP on Coinbase FAQ
Is Buying Ripple Safe?
All cryptocurrencies represent a risk.
Don’t invest more than you are willing to lose, and, more importantly, do your own research before buying any kind of digital asset.
Can I Store Ripple in Coinbase Desktop Wallet?
You can! It’s possible to use your Coinbase Wallet as a Standalone Desktop Browser Extension.
Nonetheless, this only applies to the XRP you bought before January 2021. Read our Coinbase vs. Coinbase Wallet blog post to learn more about Coinbase Wallet.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.