How to buy Ripple (XRP) - Tutorial

Ripple or the crypto currency XRP has what it takes to change the financial world forever. Because buying XRP is not easy we have compiled all the important information and compared different providers. We tell you exactly how you can buy XRP and what you should consider.

Often the terms ripple and XRP are used incorrectly. When people talk about Ripple, they mean the Ripple company. This company has developed a technology that enables international payments to be made within seconds at a fraction of the previous price.

With the Ripple technology, a crypto currency can also be used as a so-called bridge currency. This is XRP. The advantage of this is that banks and financial institutions have to keep significantly less foreign currency in so-called nostro accounts. The use of XRP thus significantly increases the bank’s liquidity.





Private customers do not have direct access to the Ripple technology. They can, however, benefit if their respective bank uses Ripple technology. Whoever sends a payment from Germany to the USA today usually has to wait days for the money to be credited in the USA. Also the fees are not always clear in advance.

With the Ripple technology it is different here the transfer can be available to the recipient in the USA within seconds and at the same time cost only a few cent fees. Ripple is therefore in direct competition with Swift and other transaction technologies.

More than 200 banks and financial institutions are already working with Ripple to test the Ripple technology. However, very few of them are already using XRP. Ripple says they believe that many banks currently using Ripple technology will switch to Ripple’s new xRapid technology, which also uses XRP. The fact that the XRP price currently still strongly fluctuates is not a problem, since the bank must hold the XRP for a transaction only few seconds.

Buy XRP with Euro and other FIAT currencies - Summary

  1. 1. Register with eToro
  1. 2. Verify Yourself on the Platform
  1. 3. Deposit (at least $200) e.g. via PayPal, Credit Card or Wire Transfer
  3. 4. Now you can buy XRP directly

Ripple (XRP) Buying Guide

Where can you buy XRP?


Whoever wants to buy XRP must register with crypto exchanges (also called Exchanges). You should pay attention however to the fact that with the crypto stock exchange also XRP are traded against euro. Not every exchange allows you to buy Ripples XRP against Euro. With the largest crypto stock exchange of the world, Binance, all crypto currencies are traded only against other crypto currencies. Beside the deposit of euro, you should also pay attention to it like you can deposit the euro.

Some crypto exchanges only give you the possibility to transfer Euro credits to the exchange. Since transfers are however very slow, it can partly last a few days until the assets arrive. Faster is it if you can pay in the credits by credit card or PayPal at the respective crypto exchange. eToro for example gives you this possibility.

How to Buy Ripple (XRP)

The easiest way to buy XRP is at eToro. There you can choose between different payment methods (PayPal, credit card and instant bank transfer) as well as an easy to use platform with German support. At eToro you also buy real crypto currencies which you can also withdraw with the eToro wallet.

eToro is undoubtedly one of the easiest ways to get into XRP trading due to its user-friendly design. It’s a platform with special value for all traders who want to buy or sell XRP.

Buy cryptocurrencies with eToro in 3 easy steps

Step 1: Registration

To trade on eToro you first need to log in to the platform. But this can be done without any problems. All you have to do is enter your name, email address and a password. After that you will get access to the eToro dashboard.

As eToro crypto currencies are traded against Euro you also need to verify your identity on the platform.

Step 2: The verification

After opening an account you will also need to verify your identity with eToro. You will need to leave your personal information and upload a photo of your ID or passport. This process is required by European law for all platforms trading crypto currencies against Euro.

If you have provided all the information, the verification can still take a few days. It is advisable to make the deposit during this time, as you will be preferred during the verification process. But don’t worry, if something goes wrong during verification, you will get your money back. We have never experienced this kind of problem before.
As soon as the verification is complete you will be notified by email. If you have already made the deposit at this point, you can start trading immediately.

Step 3: Buy & Sell

Buying and selling XRP at eToro is then quite easy. All you have to do is select XRP and click “Trade”.

A window will appear where you can buy XRP. All you have to do is indicate how much Euro or US Dollar you want to invest in XRP. Furthermore, you have the possibility to set a stop loss, trade with a lever or enter a profit target.

With a Stop Loss you can determine at which loss your XRP should be sold automatically, thus reducing further losses if the price falls sharply. We would not recommend trading with a leverage because it is very risky. Therefore the lever should always be set to X1, then you buy real XRP. You do not need to specify the profit target, because you can always manually close the trade again if you have made enough profit.

Once you have entered everything, all you have to do is click on Buy. The trade will be executed immediately and you will see your newly purchased XRP in your portfolio.

Withdraw cryptocurrencies with the eToro Wallet

In 2018 eToro introduced the so-called eToro Wallet. This is available for both Android and iOS. Now you can also use it to withdraw your crypto credits from eToro. All you have to do is install the wallet on your smartphone. You can then login to the wallet with your normal eToro login.

What payment methods are available to buy XRP

Buying XRP - The Most Important Payment Methods

Buy XRP with Credit Card


Many investors like to buy crypto currencies by credit card. This is usually due to the fact that credit card payments are immediately available and the buyers do not have to wait until the deposit is there. As a result, credit card purchases are often faster than normal wire transfer payments.


Unfortunately, not all exchanges support credit card purchases or charge very high fees for them. This is different with eToro. You can simply top up your credit card balance and start trading immediately. So you can also buy tezos there immediately by credit card.


Buy XRP with Paypal


Paypal has the advantage that you will be credited immediately and you have the buyer protection.


Only very few crypto exchanges allow you to buy crypto currencies via PayPal. You profit with PayPal particularly by the buyer protection. One exchange which I allow you to buy via PayPal is eToro.


You can simply fund your eToro account via PayPal and then you can start trading and buy Bitcoins. This makes eToro the big exception compared to other crypto exchanges.

Buy XRP via Wire Transfer


Another way to deposit money into your account in order to buy cryptocurrencies is via wire transfer. You don’t pay any fees in order to deposit money. However the disadvantage is that it can take up to 2 business days until your money is finally in your account. If you want to avoid that you can use Rapid Transfer for instant wire transfers. If you are using eToro you can choose if you want to do a regular wire transfer or a Rapid Transfer.

Should I buy XRP now?

When is the right time to buy XRP? Nobody can really predict. But it is a fact that XRP has a real use case. By using XRP, banks can really save liquidity and execute international transactions within seconds. Customers also benefit from significantly lower fees.

Ripple is also one of the few crypto projects that already has a broad customer base. More than 200 banks and financial service providers are already working with the company.

Pro und Contra XRP Investment

Ripples XRP is still one of the largest crypto currencies in the world. This is probably not least because many users simply understand what the advantage of XRP is and what benefits XRP offers.

Is the technology the purchase argument for XRP

The Ripple technology and XRP are definitely very advanced. At least it is far superior to the previous banking technology (e.g. Swift). This is not least due to the fact that some banks still use software from the 80s and are very slow to implement new technologies. On the other hand, this is also the biggest problem for Ripple. Although many banks are already testing the Ripple technology, they are very slow in implementing it. Here Ripple has a long way to go. This can be seen in the very hesitant use of XRP.

Invest in Ripples XRP or not?

Nobody can tell you for sure if an investment in XRP is worthwhile. All crypto investments have a higher risk, because the crypto market is still in its infancy. But this is also a great opportunity for investors. Ripple or XRP differs from most crypto currencies in that there are already specific use cases and many large partners who are currently testing the technology.

Potential to change the financial industry permanently

There has been little innovation in the financial sector in recent decades. It would still be faster to travel personally to the USA to deliver money than to transfer it. Ripple has great potential to change this forever. The fact that Ripple is already working with over 200 partner banks and financial institutions shows that this is something that is being listened to.

The next step will be to convince the partners to use XRP in addition to Ripple technology. After all, there are real benefits from using XRP.

Selected Ripple Partners

Store XRP in your own Wallet

If you buy XRP you can either leave it at the stock exchange (eToro, Coinbase, Binance etc.) or you store it on your own wallet. Basically there are 3 types of wallets you can use to store XRP. These are Hardware Wallets, Paper Wallets and Software Wallets.

With the so-called Paper Wallets you simply write your private key on a piece of paper. With this private key you have access to your credit. If you lose the sheet of paper or it is stolen, your credit will be gone. For normal investors Paper Wallets are not really practical.

Much better are the software wallets. You install it on your desktop computer or smartphone and can manage your assets. With a so-called recovery phrase (usually consisting of 24 words) you can restore your credit if you lose the device. If you want to use a software wallet, we recommend the Trust Wallet for the Smartphone. This is available for iOS and Android and also supports Ripples XRP.

The safest place to keep your XRP is a hardware wallet. The market leader for hardware wallets is the French company Ledger. We recommend to use either the Ledger Nano S or the Ledger Nano X. Your private keys always remain on the wallet and cannot be stolen. Even if you lose the hardware wallet, you can still recover the credit via the recovery phrase. The ledger also supports the storage of XRP.


Ledger Nano X


Ripples XRP definitely has the potential to change the financial world. This makes XRP one of the few crypto currencies that already has a real use case. The fact that this meets with open ears shows the high number of partner banks that Ripple has so far, even if the fewest of them currently use XRP as a bridge currency in addition to the Ripple technology. What is not is but can still come. Finally, the cryptomarket is still in a very early phase and XRP is still in its infancy.

With eToro you have a stock market where you can buy XRP for Euro and leave it there. If you don’t want that you can also get the crypto currencies from eToro and store them on your own wallet.





XRP Price and Price Development


Here you can find the current XRP price and see how the price has developed.


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