When it comes to trading features, MEXC allows both spot and futures trading. More so, the crypto exchange has a trading engine that can process more than 1.4 million transactions per second. After buying XRP on MEXC, users can also stake their tokens to further compound their gains. In the traditional sense of staking, XRP staking is not possible, where users lock up their tokens to validate transactions and earn rewards. XRP is not a Proof-of-Stake (PoS) cryptocurrency and uses a consensus mechanism called the XRPL Consensus Protocol (or Federated Consensus), which does not recognize staking. XRP can also be earned inactively from lending, liquidity provision, and rewards programs but not from staking.

Learn how to buy XRP on 4+ exchanges in our step-by-step guide.

Coinbase has reinstated XRP trading after the project came out victorious in its legal battle with the SEC. Alternatively, you can purchase XRP from regulated platforms like eToro. One of the best ways to stay on top of the XRP market is to follow the XRP Reddit group. This online message board is a hub for Ripple investors and one of the first places where breaking XRP news is shared. If you’re interested in trading or investing in XRP, the XRP Reddit group is worth watching. A Ripple wallet allows you to store XRP tokens safely – you can think of your wallet as a bank account for Ripple.

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Learn more about XRP and other cryptocurrencies on the eToro Academy. Analysts and crypto enthusiasts have made several predictions of what XRP would be worth in years from now. One of the few predictions that did not stop in 2025 is Trading Education. The US Securities and Exchange Commission has alleged that XRP is a stock, not a currency. As of the beginning of 2024, a single XRP token is priced at just under $0.63. Now that you know how to buy XRP and where to buy XRP, click the link below to create an Kraken account and start investing in XRP.

Mobile Wallets

Transaction fees may apply, and your payment method may affect the amount you’ll pay. This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any financial instruments. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.

If you hold Ripple as an investment, you’ll be taxed on any capital gains you make when you sell it — which includes spending it on goods and/or services. In the US, tax obligations also apply to mining, professional Ripple trading and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the IRS. Finder’s panel expects the XRP price to trade as high as $0.90 by the end of December 2022 from the current price of $0.53. However, should XRP lose its case with the SEC the panel expects its value to drop to $0.24. Unfortunately for investors, we won’t know the outcome of the case until 2023. FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries.

Remember that investing in any crypto carries huge risks and it full time job during coding boot camp is still un-regulated in Australia. Buying shares in a company that either directly or indirectly operates in or adjacent to the blockchain industry can give you exposure to the movements of cryptocurrency. These companies can range from crypto exchanges to Bitcoin mining operations to companies involved in the tech behind digital assets. If you want more advanced wallet features, consider the Binance Trust wallet. This wallet supports over 500 cryptocurrencies and interfaces with BinanceDEX, a decentralized exchange, to make switching between tokens as simple as possible. The Binance Trust wallet also includes a decentralized finance (DeFi) marketplace.

While its headquarter is currently in Seychelles, MEXC is present in more than 170 countries and regions worldwide, catering to over 10 million users. Kraken is a very popular crypto exchange, even among the early adopters of Bitcoin and other popular altcoins like XRP. It is headed by the platform’s founder Jesse Powell and is owned by Payward Inc.

1. Most exchanges let you buy as little as $5 worth of XRP, if not less.
2. This breakthrough suggests a potential rapid rise toward the next major resistance level above $0.90.
3. When you use a credit card, the card issuer treats it as a cash advance, which is subject to a higher rate of interest than a normal purchase.
4. Now that you know how to buy XRP and where to buy XRP, click the link below to create an Kraken account and start investing in XRP.

While it is impossible to mine XRP, you could exchange other assets like Bitcoin or Ethereum for XRP. However, the process is usually capital intensive as you must pay for electrum wallet guide specialized mining equipment (GPUs and ASICs) and deal with a high electricity cost. They also open investing to anyone through fractional stock trading – you can invest as little as $1 in companies like Google. Unlike some online stockbrokers, you must accumulate much capital to get started. It has an affiliate and referral program that allows users to claim commission for inviting friends and families to trade on its website.

The case caused many exchanges to delist XRP, and this caused the price to drop. Considering the developing nature of the crypto asset class and technology, the growth potential of Ripple’s cross-border payments business and broader XRP adoption remains uncertain. Achieving a price of $100 for XRP may take decades rather than accept cryptocurrency payments years or months if it ever occurs. On July 17, Judge Torres granted summary judgment in support of Ripple Labs. According to the initial decision, cryptocurrencies are not considered a security when sold on public exchanges. This was not only good news for XRP but the whole crypto market and had a positive impact on the general market.

This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. The value of any cryptocurrency can change quickly, and that’s been the story with XRP, as well. If you decide to move forward with an XRP purchase, it’s good to consider its likelihood of long-term growth. Here are some crypto exchange and app options that allow you to purchase XRP. But if you decide to buy XRP with another crypto, you’ll have to create a crypto wallet that supports XRP and then use the currency on the exchange uses that pairs with XRP to buy the crypto. These tokens were distributed to individuals and companies – which has called into question how decentralized XRP truly is – as a large majority are held by just a few entities.