Best Crypto Exchange to Buy XRP

XRP, the native cryptocurrency of the Ripple network, is designed for fast and cost-effective cross-border payments. Its popularity among traders stems from its utility in financial transactions and high trading volume, with a market capitalization of over $118 billion as of June 2025. Choosing the right crypto exchange to buy XRP is critical for a secure and cost-efficient trading experience. This article explores the top centralized exchanges for purchasing XRP, focusing on fees, security, liquidity, and ease of use.

Table of Contents

Why Choose a Centralized Exchange for XRP?

Centralized exchanges are the most popular platforms for buying XRP due to their user-friendly interfaces, high liquidity, and support for fiat transactions. However, they require users to trust the platform to manage their funds, and some have faced security breaches in the past. When selecting an exchange, consider the following factors:

Fees: Look for competitive trading fees, as high fees can erode profits, especially for frequent traders.
Security: Ensure the platform uses robust security measures like two-factor authentication (2FA), cold storage, and encryption.
Liquidity: High liquidity ensures quick trade execution with minimal price slippage.
Payment Methods: Check for convenient deposit options like bank transfers, debit cards, or cryptocurrency transfers.
Regulation: Regulated exchanges offer better consumer protection and compliance with financial laws.

Below is a list of the best centralized exchanges for buying XRP, based on these criteria.

Top Exchanges to Buy XRP

1. Binance

Binance is one of the largest and most versatile cryptocurrency exchanges globally, known for its high trading volume and low fees. It supports a wide range of trading options for XRP, including spot trading, futures, and margin trading.

Fees: Spot trading fees start at 0.1%, with further discounts for users paying with Binance Coin (BNB). Futures trading fees are as low as 0.01% for takers.
Security: Offers 2FA, cold storage, and a Secure Asset Fund for Users (SAFU) to protect against losses.
Liquidity: Handles over $491 million in XRP trading volume daily, ensuring minimal slippage.
Payment Methods: Supports bank transfers, credit/debit cards, and crypto deposits.
Pros: Low fees, high liquidity, user-friendly interface, and extensive educational resources.
Cons: May be complex for beginners; regulatory scrutiny in some regions.

2. Kraken

Kraken is a well-established exchange known for its transparency and competitive fees. It’s a top choice for users prioritizing security and regulatory compliance.

Fees: Maker/taker fees range from 0.16% to 0.26%, decreasing with higher trading volumes.
Security: Uses 2FA, cold storage, and is regulated in multiple jurisdictions.
Liquidity: High liquidity for XRP/USD and XRP/EUR pairs, suitable for large trades.
Payment Methods: Offers fiat deposits via bank transfers, Visa/Mastercard, and crypto transfers.
Pros: Strong security, fiat support for multiple currencies, and futures trading options.
Cons: Slightly higher fees than Binance; less trading volume for certain pairs.

3. Coinbase

Coinbase is ideal for beginners due to its intuitive interface and accessibility. It’s a trusted platform for buying XRP with fiat currencies.

Fees: Spread fees around 0.5%, with maker/taker fees ranging from 0.05% to 0.60% based on trading volume.
Security: Employs 2FA, cold storage, and is regulated in the U.S. and other regions.
Liquidity: High trading volume for XRP, though lower than Binance.
Payment Methods: Supports bank transfers, debit cards, and PayPal (for U.S. customers).
Pros: Beginner-friendly, regulated, and supports small minimum trades ($1.99).
Cons: Higher fees compared to Binance and Kraken.

4. Crypto.com

Crypto.com offers a versatile platform for trading over 350 cryptocurrencies, including XRP. It’s known for its mobile app and rewards programs.

Fees: Maker/taker fees vary by trading volume, with lower fees for high-volume traders. Spread fees apply.
Security: Uses 2FA, cold storage, and multi-signature wallets.
Liquidity: Moderate liquidity, suitable for most retail traders.
Payment Methods: Supports bank transfers, credit/debit cards, and crypto deposits.
Pros: Mobile-friendly, supports leverage up to 1:5, and offers rewards for holding XRP.
Cons: Complex fee structure; lower liquidity than Binance.

5. Bitstamp

Bitstamp is one of the longest-running exchanges, offering a reliable platform for XRP trading with a focus on regulatory compliance.

Fees: Maker/taker fees range from 0.00% to 0.50%, depending on trading volume.
Security: Regulated in multiple jurisdictions, with 2FA and cold storage.
Liquidity: High liquidity for XRP/USD and XRP/EUR pairs.
Payment Methods: Supports bank transfers, credit/debit cards, and crypto deposits.
Pros: Long track record, competitive fees for high-volume traders, and strong regulation.
Cons: Limited advanced trading features compared to Binance.

Key Considerations When Buying XRP

Before purchasing XRP, keep these points in mind:

Storage: After buying XRP, consider transferring it to a personal wallet for enhanced security. Hardware wallets like Ledger Nano X offer the best protection, though they require a minimum of 10 XRP to activate an account on the XRP Ledger.
Volatility: XRP’s price is highly volatile, with a current price around $2.01 USD. Be prepared for potential price swings.
Legal Status: Ripple Labs is involved in a legal dispute with the U.S. SEC over whether XRP is an unregistered security. While a 2023 ruling clarified that trading XRP on exchanges is not a security violation, the ongoing case may impact market sentiment.
Regional Availability: Ensure the exchange is available in your country. For example, some U.S. exchanges restricted XRP trading due to the SEC lawsuit, but platforms like Coinbase, Kraken, and Uphold still support it for U.S. users.

How to Buy XRP: Step-by-Step Guide

Choose an Exchange: Select a platform like Binance, Kraken, or Coinbase based on your needs.
Create an Account: Sign up with your email, verify your identity with ID and proof of address.
Deposit Funds: Add funds via bank transfer, debit card, or cryptocurrency.
Find XRP: Navigate to the trading section and select an XRP trading pair (e.g., XRP/USD or XRP/USDT).
Place an Order: Enter the amount of XRP to buy and confirm the transaction.
Store Securely: Transfer XRP to a personal wallet for long-term holding.