To buy Ripple is no different than buying any other cryptocurrencies. The process is pretty simple, but it differs depending on the exchange service that you want to use.
And that choice comes down to availability and fees. While one exchange may have lower fees than others, it may not be available in your country.
So lets go through 4 of the most popular crypto exchange services and see what options are available.
How to Buy Ripple on Coinbase
When it comes to crypto exchanges, Coinbase is the go-to platform for many users.
To buy Ripple (XRP) through Coinbase, you first need to sign up for an account. This takes no more than 2 minutes. You will then have to link a payment method to your account, choosing between PayPal, Euro Bank Account, Credit/Debit Card.
With all of that set up, just click the Trade button and choose the cryptocurrency that you want to buy as well as the amount.
Additionally, you can also head over to the Ripple page and buy using the widget on the right side of the screen.
Coinbase Trading Fees
For buy/sell transactions, Coinbase charges a Spread of around 0.50%. However, this may differ depending on the price fluctuations of the said currency.
Additionally, they charge a Coinbase Fee which can be either flat or variable percentage based on region, product feature, or payment type. The flat fees are:
- If the total transaction amount is less than or equal to $10, the fee is $0.99;
- If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49;
- If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99;
- If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99.
How to Buy Ripple on Kraken
Buying Ripple on Kraken starts just like with every other exchange – signing up for an account. The sign up process is easy, but you need to verify your account in order to start trading.
Kraken lets you choose from its 3 types of acc ...
- Crypto Exchange
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