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How to Buy XRP

Unfortunately Ripple, the company, does not sell XRP directly to consumers. It can be quite difficult for the average user on the internet to purchase XRP and the recent press about Ripple has a lot of people wondering how. I hope this guide helps.

An easy way of acquiring XRP is by purchasing BTC on Coinbase, a provider of Bitcoin consumer wallets, and exchanging BTC for XRP using Changelly, a cryptocurrency exchange. Coinbase allows for instant purchases of BTC with your credit card, debit card or bank account from select countries. Changelly allows you to instantly exchange your BTC for XRP. This means that once your accounts are confirmed, you should be able to follow these steps to purchase XRP with relative ease almost instantly anytime you want. No more costly International wire transfers that take days to clear.

You are still going to need to know a bit about how gateways/wallet providers work. Most gateways/wallet providers have FAQ sections, or you can email their support team's directly.  Alternatively, you can seek out help at one of the resources I've listed at the bottom of this page.

Create a Ripple Account
1. Create a Ripple account with one of the wallet providers available.  There are other wallet providers out there that are not on the Ripple list, especially for non-english speakers.  Google is your friend - however, be sure to vett any wallet provider or gateway you choose. They will be holding your funds and you will want to make sure they are reputable.  Obtain your Ripple address from the wallet provider.

  • A Ripple address is made of letters and numbers, and starts with the letter “r”. An example address would be: rf1BiGYXwwQoi8Z2ueFYTEXSwuJYfV2Jpn.
  • If you need to activate your wallet with the XRP reserve minimum: https://bithomp.com/activation/

Create a Coinbase Account
1. Coinbase's support page can be found here.
2. Purchase BTC with your Coinbase account.

  • Remember: the price of BTC fluctuates based on the buying and selling dynamics in the market.

Create a Changelly Account
1. Changelly is owned by MinerGate - a cryptocurrency GUI miner and Mining Pool. You can read about Changelly here.
2. Exchange your BTC for XRP. Choose BTC for what YOU HAVE. Choose XRP for what YOU GET. Enter the amount of BTC that you bought on Coinbase that you want to exchange for XRP. The application will automatically calculate your exchange rate and fee. Select Next.

 

4. Enter your Ripple address. Be sure to check with your Ripple wallet provider to see if you need to provide a destination tag. Select Next.

 

5. Confirm your details. Select Confirm and Make Payment.

 

6. In Coinbase, make a payment for the amount of BTC you entered in Step 2 to the address provided. In this case, you would send 0.01 BTC to 1LXPCjgxwNEzynjWM8jEju3yo7GosKGVa3.

  • Note that the Changelly address will be different with each exchange.

 

 

Changelly will automatically exchange your BTC for XRP and send it to the Ripple address you entered.  You should then be able to log into your Ripple wallet and view your balances.

 


Other Ripple Resources:
http://xrpchat.com - Unofficial Ripple forum
https://forum.ripple.com - Official Ripple forum
https://ripple.com/learn - Official Ripple Knowledge Center
https://ripple.com/build - Official Ripple Developer Center

howtobuyxrp.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Ripple Inc, MinerGate, Coinbase or any of their subsidiaries and affiliates. 

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