A Guide To Buying Ripple With Coinbase

Ripple (XRP) is a cryptocurrency that was created by a private, for-profit company, Ripple Labs, to enable a frictionless way to send money globally. XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. It is currently the sixth most popular cryptocurrency by market cap.

In this article, we will discuss how to invest in Ripple through Coinbase.

Create a Coinbase account

To create a Coinbase account, you'll need to download the Coinbase app and start the sign-up process. You will need a valid ID, and you may be asked for proof of address to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live.

Coinbase is a leading cryptocurrency exchange that initially launched to provide anyone, anywhere, with an easy and secure way to send and receive Bitcoin. It has since expanded to other cryptocurrencies, including Ripple's XRP.

Coinbase is the most trusted place for people and businesses to buy, sell, and manage XRP. It is quick and easy to use.

Coinbase customers can log in to buy, sell, convert, send, receive, or store XRP. XRP is the native token of the XRP Ledger and the cryptocurrency used by the Ripple payment network.

XRP is now live on Coinbase's website and in the Coinbase iOS and Android apps.

Add a payment method

Now that you have set up your Coinbase account, you can add a payment method. Tap on the payment method box and connect a payment method. You can use a bank account, debit card, or initiate a wire. On Coinbase.com, select 'Buy & Sell'. On the Coinbase mobile app, tap the (+) 'Buy' button on the Home tab.

Coinbase is a great and easy choice for US users. They removed XRP from their listings after Ripple was charged by the SEC, but they have since restored trading. US users can buy XRP with a debit card, bank account, PayPal, Apple Pay, and Google Pay. Credit cards as a payment method are not available to US users.

Please note that Coinbase may charge a fee to buy XRP. Fees are calculated at the time you place your order and may be determined by a combination of factors, including but not limited to your location, the selected payment, the size of the order, and market conditions such as volatility and liquidity.

If you are not based in the US, you can still buy XRP with fiat currency (i.e., USD, EUR, etc.) using a debit or credit card or bank transfer/ACH.

Select XRP from the list of assets

Once you have downloaded the Coinbase app, started the sign-up process, and added a payment method, you can select XRP from the list of assets.

On Coinbase.com, you can click on the Buy panel to search for and select XRP. On the Coinbase mobile app, you can search for XRP by typing "XRP" into the search bar. When you see XRP appear in the results, tap it to open up the purchase screen.

Coinbase is a centralized exchange, and it is the most trusted place for people and businesses to buy, sell, and manage XRP. It is quick and easy to use.

XRP is the native token of the XRP Ledger and the cryptocurrency used by the Ripple payment network. It was built for enterprise use on a global scale and powers cost-efficient cross-border payments.

Enter the amount you want to buy

Once you've set up your Coinbase account, added a payment method, and selected XRP from the list of assets, it's time to enter the amount you want to buy.

Use the number pad to input the amount you want to spend in your local currency. The Coinbase app will automatically convert that into an XRP amount. You can tap the arrow buttons to the right of the amount of money you want to spend to switch the number to the equivalent amount of XRP.

Coinbase will show you the details of your purchase, including the amount of XRP you will receive. Make sure everything looks good and then confirm your purchase by clicking "Buy now".

Coinbase may charge a fee to buy XRP. Fees are calculated when you place your order and may be determined by a combination of factors, including your location, the payment method selected, the size of the order, and market conditions such as volatility and liquidity.

It's important to note that every account on the XRP Ledger requires an initial 10 XRP deposit to prevent the creation of fake accounts. You won’t be able to access this deposit after your initial purchase. However, this may not be true if you have an exchange-hosted wallet.

Additionally, remember that while credit card purchases are faster, they also tend to cost more in terms of fees. So, if you have the option to pay with a wire transfer and are not in a hurry, you’ll likely get a better price.

Finalise your purchase

Now that you have set up your Coinbase account, added a payment method, and selected XRP from the list of assets, it's time to finalise your purchase.

Enter the amount you want to buy using the number pad. The app will automatically convert that into an XRP amount. You can tap the arrow buttons to the right of the amount of money you want to spend to switch between currencies.

Once you have entered the amount, tap "Preview buy". You will be shown the details of your purchase. Check that everything is correct and then confirm your purchase by clicking "Buy now".

After your order has been processed, you will be taken to a confirmation screen. Congratulations, you've just bought XRP!

Frequently asked questions