Last Updated on January 4, 2023
Are you considering adding Ripple (XRP) to your crypto portfolio and looking for the best crypto exchanges for Ripple in 2022? We have you covered. In this post, you will uncover the platforms we handpicked as the best after reviewing dozens of popular crypto exchanges for Ripple.
We also explained how to buy XRP from these platforms and what to consider before buying Ripple. Further, we provided detailed information on why you should invest in XRP and some of the risks of buying this digital asset. Lastly, we shared answers to some frequently asked questions our crypto experts get about Ripple.
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There are hundreds of crypto exchanges to buy Ripple on the internet. However, we understand that finding the best platform out of this myriad of options can be time-consuming and daunting. So to save you this legwork, we scoured the internet for the top crypto platforms, reviewed hundreds of them, and narrowed down the best top 6 crypto exchanges to buy Ripple. Our six picks are Capital.com, eToro, Coinbase, Binance, Crypto.com, and KuCoin.
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Cryptocurrencies are very volatile and overall a risky investment. 69% of investor accounts lose money when trading CFDs
Capital.com is on the top of our list of best crypto exchanges to buy Ripple for its zero commissions and non-trading fees, top-notch security, availability of several tradeable assets, and fast order execution. Launched in 2016, Capital.com is licensed and regulated by first-tier regulatory institutions such as the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Seychelles Financial Services Authority (FSA), and Australian Securities and Investments Commission (ASIC).
Capital.com is one of the few cryptocurrency exchanges that allow you to buy and sell Ripple without paying a commission. Additionally, the platform gives you access to 5,600+ markets with tight spreads. Aside from Ripple, you can buy other cryptocurrencies, global stocks, commodities, currencies, and ETFs on Capital.com.
Another good thing about Capital.com is its easy-to-use platform. Though featuring 75+ technical indicators, we believe most beginners won’t have a hard time using this platform.
Advantages of Capital.com
Crypto assets are unregulated investment products. Your capital may be at risk
eToro is another trustworthy crypto exchange we recommend for investors looking for where to buy Ripple. It has over 25 million users from 100+ countries. The platform supports Bitcoin, Ethereum, Dogecoin, Ripple, and 60+ other cryptocurrencies. One of the main appeals of eToro is its innovative CopyTrader, which allows you to copy the trading moves of other investors.
Etoro holds licenses from the FCA, CySEC, and ASIC. It also utilizes top-tier security practices to prevent unauthorized access to its users’ funds and information. As a result, you can buy, sell, and store crypto assets on eToro with the peace of mind that you’re using one of the most secure crypto exchanges in the market. Another thing that sets eToro apart from other platforms is its zero commissions and low fees.
You get one of the best deals in the market when you buy Ripple on eToro.
Advantages of eToro
Next on our list of best crypto exchanges for Ripple in 2022 is Coinbase. It is the most popular crypto exchange in the USA. Coinbase supports almost all popular digital assets, including Bitcoin, Ethereum, and Ripple. Launched in 2012, this platform has grown to become a successful global brand. Today, it has a quarterly trading volume of about $217 billion and 103 million users across 100+ countries.
The main pro of Coinbase is its powerful, intuitive, and user-friendly platform, which makes it easy to buy Ripple. The exchange also has mobile apps you can download to start buying crypto assets from your iPhone or android devices.
Advantages of Coinbase
On the fourth spot on our list of best crypto exchanges for Ripple is Binance. This exchange has the highest trading volume in the world, with its 24h trading volume at about $76 billion. Binance is available in more than 140 countries and has over 90 million users. When you sign up on this crypto exchange, you can access 350+ cryptocurrencies, including Bitcoin, Bitcoin Gold, Ethereum, and Ripple.
Binance offers one of the lowest transaction fees in the market. For example, you pay only 0.10% when you buy and sell Ripple and other crypto assets on this platform. In addition, our experts liked Binance for its top-notch security features, built-in technical indicators, mobile friendliness, and many supported payment methods.
Advantages of Binance
Another old-timer on our list of best crypto exchanges for Ripple is Crypto.com. It was launched in 2016 and has become one of the go-to platforms for crypto enthusiasts. Crypto.com supports 100+ cryptocurrencies and is accessible by users across the world.
When you sign up on crypto.com, you enjoy several benefits, including earning high interest when you loan your crypto assets on the platform, accessing its cashback Visa card that allows you to spend your crypto holdings easily, and more. Although the exchange’s interface isn’t as straightforward as that of Capital.com and eToro, our experts believe most beginners won’t find it too complicated.
Advantages of Crypto.com
Disadvantages of Crypto.com
Our list of top crypto platforms to buy Ripple in 2022 won’t be complete without the mention of KuCoin. The exchange supports 700+ cryptocurrencies and offers highly competitive trading fees and commissions. In addition, Kucoin prides itself on being the largest social trading platform. When you sign up, you can interact with 20+ million users on the platform.
Furthermore, Kucoin covers more than 200 countries and is available in several languages. The exchange also has iOS and Android apps you can download to your phone to start buying Ripple with ease. Lastly, there is a live chat feature on the website to contact their customer support representatives anytime you need help.
Advantages of KuCoin
Disadvantages of KuCoin
Follow the step-by-step guide below to buy Ripple from any of the abovementioned crypto exchanges. Although these platforms are different, the process of buying Ripple and other cryptocurrencies on them is similar.
There are two things you should know before buying Ripple. First, you should note that cryptocurrency transactions are permanent. Unlike bank transfers or payments via e-wallets, crypto transactions are not reversible. So you must double-check the amount you input and verify that you are sending the Ripple to the right address, as any error will not be reversed.
Second, you should decide where to store the Ripples you bought. Do you want to keep the XRP in offline or online storage? Some of the exchanges we recommended store users’ funds in a cold wallet, so you can leave your Ripple on these platforms without worries about it being compromised.
Are you wondering if Ripple is a good investment? Undoubtedly, Ripple is one of the top cryptocurrencies in the industry. Below are some of the reasons why investors like you are buying XRP.
The transaction speed of XRP is one of the fastest in the industry. Unlike transactions with Bitcoin, which could take up to an hour, the average transaction speed of Ripple is 3.86 seconds. In addition, the Ripple network is made it possible for some banks and other financial institutions to switch from the SWIFT network, which is considered slow.
Ripple’s transaction fee is cheaper compared to other blockchain networks. As a result, some banks and financial institutions leverage Ripple’s network to transfer large sums of money at very cheap rates.
Unlike Bitcoin, which can only process an average of 4.6 transactions per second, the XRP network can process as high as 1,500 transactions per second. This feature makes Ripple one of the top choice networks for global financial institutions.
Over the years, Ripple has earned its investors a good return. When it was launched in 2012, its value was about half a cent. However, in 2017, it reached an all-time high of $3.84. As of the time of writing this post, the price of Ripple is $0.33, and there are projections that it could hit $1 in the next bull run.
Below are some of the risks of investing in XRP.
The main drawback of Ripple is that it is not fully decentralized like Bitcoin. XRP is tied to a private company.
Ripple is also very volatile, like other cryptocurrencies such as Bitcoin and Ethereum. The price of the token may skyrocket or go down without warning. So it is considered a high-risk investment.
The best platforms to buy XRP in 2022 are Capital.com, eToro, Coinbase, Binance, Crypto.com, and KuCoin. These exchanges are trustworthy and reliable, and they offer the lowest fees, spreads and commissions in the market.
No one can confidently say Ripple is a good or bad investment, as the cryptocurrency market is highly unpredictable. That said, there is a chance of earning a good return if the price of Ripple goes up in the long term.
Ripple is one of the world’s fastest digital currencies. While it could take Bitcoin an hour to settle a transaction, Ripple does it in about four minutes. Furthermore, XRP is more scalable than almost all other cryptocurrencies. For example, it can handle 1,500 transactions in a second, while Bitcoin can only process four to six transactions in a second and Ethereum about 15 transactions per second.