Ripple is one of the hottest new cryptocurrencies and it only costs a bit over $0.50 per coin. But it might be a bit harder to buy than Bitcoin, as it’s not available in popular apps. However, we’ll be glad to walk you through how to buy Ripple in the USA and how to do it safely.
XRP is a little different from other popular cryptocurrencies because it was created by a private, for-profit company that is still the biggest individual owner of the currency.
Ripple exchanges available in USA
Only some of Ripple’s recommended exchanges include support for buying tokens with the U.S. dollar, which would be the easiest way, as they might be overloaded, but not in the USA. So we will provide you with a few options here to select the best match.
Binance is the fastest growing exchange for trading cryptocurrencies. It has reached the 10th position among the top volume cryptocurrency exchanges during the last 5 months. Binance has become so popular due to certain factors, such as availability in multiple languages, very neat user interface, and the fact that it enables processing orders at an extremely high speed. Binance exchange is available only for trading cryptocurrencies, including XRP. However, buying Ripple with dollars is not possible, so you will first have to buy Bitcoin and only then the desired tokens.
In case other exchanges are overloaded, you can try buying tokens via Bitsane. However, there is no direct USD/XRP pairing available here. After registering your own free account and making a deposit, in either crypto currency or conventional money, you can buy Bitcoins, Litecoins, Ethereum or Iconomi in order to buy XRP afterwards.
Kraken is pleased to provide the following pairs for trading between XRP and four fiat currencies (EUR, USD, JPY, and CAD)! The trading pairs mean that clients who want to sell or buy tokens with USD can now do it directly.
Bitstamp has also launched XRP trading on its exchange where XRP is paired with USD and EUR. To purchase tokens you will need to open and verify your Bitstamp account. When the account verification is successfully completed, you will be able to deposit funds and buy XRP with dollars.
Poloniex is one of the major exchanges in the top 10 by XRP volume, but it does not support XRP/USD pairing yet, so you will also need to deposit BTC or ETH and then exchange them for XRP.
Short Ripple Buying Guide
If you live in the USA and are thinking of buying the popular cryptocurrency using your credit card, I am afraid we have some bad news for you. Unfortunately, there is no easy and direct way to buy Ripple with USD. No matter what state you live in, you will first have to buy Bitcoins or Ethereum with your credit card and then convert them to XRP.
We want to believe that our short Ripple buying guide will be handy when you decide to become a XRP owner:
• Select an exchange. If you still don’t have any Bitcoin or Ether in your wallet, then you should select a reliable exchange to buy some. Coinbase is the easiest way to buy bitcoin for USD with a credit card in the USA.
• Create an account. Set up and verify your account.
• Buy cryptocurrency. Since you are from the US, you first need to buy Bitcoins or Ethereum with your U.S. credit card.
• Select a Ripple-friendly exchange. Once you have the BTC or ETH, you still need to select one of the exchanges that supports BTC/XRP or ETH/XRP pairs to convert your coins into XRP. You can select one of the exchanges listed above (i.e. Binance).
• Create an account on Binance. Set up and verify your account.
• Transfer your BTC or ETH to Binance.
• Convert to Ripple. Once you have the BTC or ETH, you can convert them to XRP in about 10 minutes.
• Withdraw Ripple. We would not recommend storing your tokens on an exchange! You should withdraw your XRP to an offline wallet like the Ledger Nano S or any other wallet that you control.
Despite the fact that buying XRP directly with dollars is not possible in the USA yet, we still encourage you to own this cryptocurrency as it might make you a fortune in the future. We would also appreciate you sharing your experience and tips on buying Ripple in the States.
Read also: IOTA vs Ripple: What’s the Difference?