An easy way to buy Ripple (XRP) cryptocurrency is via Coinbase and Binance.
- Sign up for Coinbase and buy Bitcoin.
- Sign up for Binance.
- Send your Bitcoin from Coinbase to Binance.
- On Binance, exchange your Bitcoin for XRP.
Step by Step
1. Sign up for Coinbase
- Go to Coinbase and sign up. You’ll need to verify your email, phone number, and bank account.
- Then, go to Coinbase.com/buy. After choosing your payment source and how much you want to buy, click Buy Bitcoin.
2. Sign up for Binance
3. Send Bitcoin from Coinbase to Binance
- Log in to your Binance account.
- On the top of the screen, hover over Funds and click Deposits.
- On the next page, click the Select Deposits Coin drop-down. Type BTC and select BTC-Bitcoin once it appears.
- Your BTC Deposit Address will now appear. Click the Copy Address button (or copy it manually).
- Now, go to Coinbase.com/accounts and click “Send” under your Bitcoin wallet.
- Paste your BTC Deposit Address (which you just copied from Binance) in the Enter a BTC Address field.
- Enter your desired send amount, and press Continue to send your Bitcoin to Binance.
- To see whether this transaction has completed, go to Binance Transaction History. It can take 1–3 minutes for the transaction to appear, and 10–30 minutes for it to be fully confirmed.
4. On Binance, exchange your Bitcoin for XRP
- Go to Binance’s BTC–XRP exchange: www.binance.com/trade.html?symbol=XRP_BTC (P.S. This page may look complicated. Hang in there!)
- In the middle of the page you will see a chart. Just below the chart, there is an interface (below). If Limit is selected, then click Market.
- After the Market tab is selected, click 100% (this means “convert all of the Bitcoin in my Binance account into XRP”).
- Then click Buy XRP.
- To view your newly purchased XRP, go to the Balances page on Binance.
Best of luck in all of your cryptocurrency pursuits!
If you are familiar with Ethereum, you can adapt this guide to use Ethereum instead of Bitcoin for lower transfer fees between Coinbase and Binance. I used Bitcoin to make the process as simple as possible. ↩︎
While Ripple and XRP are often used interchangably, they are not the same. Ripple is a company making international payments more efficient, and XRP is a cryptocurrency they use for payments. Nowadays, when someone says "I want to buy Ripple" they probably mean "I want to buy XRP." That said, it is important to know the difference, and that the success of Ripple as a company will not necessarily mean the success of XRP. ↩︎
Several weeks ago, Binance temporarily disabled new registrations to limit their user growth (and be sure the website works for current users). They have since re-opened registration, but only for a few hours each day. If you check Binance's registration page and it's closed, be sure to keep checking back a few times each day, and you should be able to register soon. ↩︎