XRP has been a resilient cryptocurrency since the early days of crypto, surviving legal battles, rebrands, and market downturns. This guide covers how to buy XRP, store it securely, and provides a brief history of the coin. Here’s what you need to know in 2025.
KEY POINTS
➤ XRP remains one of the most popular cryptocurrencies despite legal challenges and market volatility.
➤ You can buy XRP on major centralized exchanges like Binance, Bybit, Coinbase, Kraken, and OKX.
➤ For secure storage, transfer XRP to a non-custodial wallet such as Xaman, Trust Wallet, Ledger, Trezor, or Exodus.
➤ When choosing a platform, consider fees, features, security, and consumer protection.
Best Platforms to Buy XRP in 2025
1. Bybit
Founded in 2018 by Ben Zhou, Bybit is a leading crypto exchange known for its derivatives trading (futures and options) and advanced trading tools.
Pros
- Advanced derivatives trading
- Trading bots & copy trading
- Multiple asset classes (crypto, commodities, forex)
- Earn-and-save products
Cons
- Geographic restrictions
- Limited fiat support
2. Coinbase
A US-based exchange launched in 2012, Coinbase serves over 100 million users globally and bridges Web3 with traditional finance (TradFi).
Pros
- Beginner-friendly
- Regulatory compliance
- Educational resources
Cons
- High fees on Coinbase Prime
- Customer support delays
3. Kraken
Established in 2011, Kraken offers advanced trading features and high leverage (up to 50x).
Pros
- 24/7 customer support
- Robust security
Cons
- Hacked in 2024 (reputation impact)
4. OKX
A top-tier exchange with low trading fees and advanced tools, including a ZK Layer-2 blockchain.
Pros
- Low fees (0.08% spot trading)
- ISO-certified security
Cons
- Geographic limitations
What Is XRP?
XRP is the native token of the XRP Ledger (XRPL), designed for fast, low-cost cross-border payments. Unlike Bitcoin, XRPL uses a federated Byzantine Fault Tolerant (BFT) consensus mechanism.
"XRP was initially designed for banks, not P2P transactions."
Key Events:
- 2012: Launched by Ripple Labs.
- 2020: SEC sued Ripple, claiming XRP was an unregistered security.
- 2025: SEC dropped the lawsuit, boosting XRP’s price.
Where to Store XRP?
| Wallet | Type | Open-Source | Platforms |
|--------------|---------|-------------|-------------------|
| Xaman | Hot | ❌ | iOS/Android |
| Ledger | Cold | ❌ | Hardware |
| Trust Wallet | Hot | ❌ | Mobile/Extension |
Note: XRP wallets require a 10 XRP minimum reserve.
How to Choose the Best Platform to Buy XRP
- Fees: Compare deposit, withdrawal, and trading costs.
- Features: Look for derivatives, bots, or copy trading.
- Security: Check for cold storage, proof of reserves, and insurance.
XRP Remains Popular in 2025
Despite legal hurdles, XRP’s utility and market cap growth make it a standout cryptocurrency.
Disclaimer: This article is informational only. Conduct your own research (DYOR).
FAQs
Where can I buy XRP?
Major exchanges like Binance, Coinbase, and OKX support XRP trading.
Is XRP legal in the Netherlands?
Yes, the AFM and DNB permit XRP trading.
What’s the difference between XRP and Ripple?
XRP is the cryptocurrency; Ripple is the company behind its development.