How to Buy XRP in 2024? — Beginner’s Guide

Ripple is an interesting protocol in the cryptocurrency world that stands out from traditional blockchains. Its mission is to facilitate transactions between large institutions and meet the demand for ever greater speed and security. Today, we’ll teach you how to buy XRP, the token created by this project.

We start with a quick guide, then we talk more about Ripple and present some reasons to buy the cryptocurrency in 2024. Let’s go!

How to Buy XRP — Quick Steps

To buy XRP, we need the support of cryptocurrency exchanges. We will simplify this process for you now. Here is a step-by-step guide:

1- Access the Binance Website and Create an Account

Binance is the most popular exchange, so we will use it as an example here. However, the process for buying XRP on other exchanges is very similar. Start by creating your account.

2- Verify your Account

Next, you will need to verify your identity. Even if the company gives you a longer time frame, the process tends to be quick. Here, we also suggest that you enable 2FA authentication and create a strong password to better protect your account.

3- Top up your balance in BRL

Before checking the value of XRP and purchasing the cryptocurrency, start by depositing in reais. The process is simple, as the image below will indicate.

Choose bank deposit to use methods such as Pix or bank transfer.

4- Select Trade Spot

With the money in your account, go to Trade and select Spot.

5- Select the XRP/BRL Pair

Now, just search for XRP in the search bar and you will find the XRP/BRL transaction option. We are at the penultimate step.

6- Buy XRP with Reais

Scroll down and you will be able to see the XRP Price and set the amount you want to buy. Simply type it in and select buy. That’s it, the cryptos will be added to your account.

Where to Buy XRP — The Most Advantageous and Safe Exchanges

Now, we’ll take a closer look at Binance and other exchanges. These are the ideal places to buy, sell, and make other investments in cryptocurrencies. We’ll highlight exchanges with different characteristics and features that make them stand out. We’ll start with a brief list before introducing them in more detail:

• Binance — a giant in the market. It combines millions of users, comprehensive features, the ease of buying XRP with Pix, and low fees.
• Kucoin — multiple trading features while maintaining low fees and great security.
• Bybit — enhanced security, good track record and focus on derivatives, while maintaining the standard of low fees.
• CoinEx — with a secure reserve fund for users, low fees, and an intuitive platform.
• Gate.io — advanced features, no deposit and withdrawal fees, and many other cryptocurrencies for those looking to expand their assets.
• OKEx — also has advanced trading tools and expands beyond cryptocurrencies. Some products include DeFi, gaming, NFTs, and metaverses.

Binance

Binance is a well-established name in the exchange market, standing out for its large volume of transactions and liquidity. This ensures that your purchase and sale of cryptocurrencies becomes efficient, without major problems. It is a practical solution for buying XRP. If you want, you can learn more about it in the analysis Binance is reliable and safe.

Go to Binance

Kucoin

Kucoin has several elements that make it an excellent choice for buying XRP. You can deposit via Pix and count on several advanced trading tools. Its level of security is also a positive factor. It is also ranked as one of the best brokers for buy Dogecoin.

Access Kucoin

Bybit

Bybit is an exchange with low fees, including zero fees for withdrawals and deposits via Pix and bank transfer. Its focus is on derivatives trading, a more advanced type of transaction. However, it also has good tools for beginners, such as copy trading. We highlight its security as one of its strengths here. In addition to being a good option for buying XRP, it is also on the list of the best options for buying Shiba Inu.

Visit Bybit

CoinEx

CoinEx is an exchange that works very simply. The entire process of selling and buying XRP is intuitive on the platform, and there are not as many tabs and options as on other exchanges. You can deposit and withdraw via Pix, choosing different payment providers. In terms of security, it offers a reserve fund for users in case of possible hacks.

Visit CoinEx

Gate.io

Gate.io is a good exchange for buying XRP, but also for many other assets. Its platform is packed with features, including margin trading, futures, and other options. However, if you are a beginner, you will also find materials to learn about crypto and the copy trading tool, balancing out the complexity of the exchange a bit.

Visit Gate.io

OKX

OKX is a very popular exchange with a high trading volume. This makes it a practical option for buying XRP and trading other cryptocurrencies. However, the platform goes beyond that, with solutions for NFTs, metaverses, DeFi, among others. You can pay via Pix and also have the OKX wallet to store assets more securely.

Go to OKX

What is XRP?

The simple answer to this is: XRP is a cryptocurrency. However, the big issue is that it does not belong to a common project in this sector. This is a currency that belongs to the company Ripple, which aims to offer a fast and secure payment solution for large institutions.

As highlights, we found a high volume of transactions per second, much higher than the Bitcoin and Ethereum networks. As cryptocurrencies grow, it is likely that it will also grow and end up being a solution chosen by more and more institutions. Let’s understand the reasons to buy XRP below.

Reasons to Buy XRP in 2024

XRP, at least for now, does not seem to be the classic cryptocurrency that will explode in a short time. Its project, immersed in the more than 100 billion traded daily in the cryptocurrency market (CoinMarketCap), is aimed at replacing the SWIFT system, responsible for international banking transactions. If it replaces a percentage of this, the XRP price tends to rise.

However, this is a movement that we will only see in the long term. In addition, we can highlight the higher transaction speed of this crypto in relation to other classic ones. Added to this factor, Ripple is also a more energy-efficient network.

Thus, the XRP project looks promising compared to SWIFT, but there are no guarantees either. No cryptocurrency, by the way, is guaranteed. In any case, saving part of your assets in this token may be an interesting choice. After all, the possible expansion of its usability may change its scenario positively within a few years.

Conclusion

In this article, we teach you how to buy XRP and show you the best places to do so. To purchase this or other cryptocurrencies, you will need to access an exchange, also called a broker.

We discussed the Ripple project and the future of XRP, pointing out the important factors about it. Now, it is up to you to decide whether this could be a worthwhile investment or not. Analyze the risks and study before each decision.

FAQs — Frequently Asked Questions

Saulo Dutra is a writer and content strategist specializing in the world of casinos and gambling, now also diving deep into the world of cryptocurrencies. Saulo has a unique background that combines his degree in Psychology and a specialization in Copywriting, SEO and UX Writing from Aldeia.cc. In addition to his interest in the world of cryptocurrencies and several other study topics, his experience includes writing and reviewing content for the gaming and gambling niche. His understanding of human behavior enriches his analysis and writing, with an in-depth look at the psychology behind gambling and sharp digital marketing skills. Saulo creates content that is not only informative but also engaging and optimized, meeting the needs of a diverse audience passionate about the world of gambling and more topics of interest.

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