Ripple logo
Current price per coin: $

A step by step guide on how to buy & store the Ripple (XRP) cryptocurrency

Spread the word, share this coin:
What is Ripple?

Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.

What are XRP coins?

XRP coins power the Ripple network.

Important note

This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

How to buy Ripple
Important: Be wary of scammers trying to steal your crypto coins - get into the habit of double checking that URL's look correct in your browser address bar when moving / purchasing / selling cryptocurrency.

Notes: Images can be clicked to see a larger version. If you're confused by any terms used, a glossary can be found here.

1

First we need to install a wallet on your computer to store your Ripple coins.

We recommend the Rippex wallet downloaded here.

Note: Read this page so you know what you're installing - as with everything in cryptocurrencies, don't blindly trust links and programs without doing your own research.

Once the file has downloaded, install the wallet and open it.

Ripple wallet
2

The wallet will ask you for your login details. You don't have any yet so click 'create new account'.

Ripple wallet
3

In the following menu click 'create an empty account'. A prompt will ask you for a place to save your new wallet file - pick somewhere safe on your computer.

It's a good idea to you back this file up somewhere safe (think multiple external hard drives and/or USB drives that you put somewhere secure)

Ripple wallet
4

Now you'll be asked to encrypt your new wallet file- enter a hard password (that you won't forget!).

Note: if you lose this password you might lose access to your coins.

Once you've entered your password, click 'encrypt account'.

Ripple wallet

Important Note: We all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking links that steal information from their computers.

Another line of defence to keep our coins from being siphoned out of our wallets is essential.

And that's a hardware wallet.

Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world.

To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins.

Where do I get a hardware wallet?
Our recommendation is to purchase from the specialist company Ledger, from their official website.

Their basic model, the Nano S, makes it easy to manage your coins- it's compact and discreet, and wallet management is achieved through a small LCD screen and two buttons.

Ledger Nano S

Their cutting-edge Ledger Blue is more impressive, allowing you to handle your coins with a pad-like interface, and is regarded as the most advanced product on the market.

Ledger Blue

Once you have your Ledger, here's a step by step guide to setting it up.

5

You will now be presented with your account info. Make a note of your Ripple wallet address (in this example it's rwebTT8kyDtCJKf6QDPr6DP4JjSfDRARRq).

Also, take note of the secret key (in this example sp8238t6RWBdMqfpeFxZG1k3qUYNR). This is a very important piece of information- with this key anyone can access your wallet, from any computer. It's meant as the ultimate fail-safe to stop you losing access to your coins.

Store this secret key somewhere safe from prying eyes.

Once you have, click 'Yes, I saved my secret key'.

Keep your wallet open as we'll be coming back to it later.

Ripple wallet
6

Now we'll purchase the popular cryptocurrency Bitcoin, so that we can exchange it for Ripple (if you already own Bitcoin you can skip ahead).

Choose which exchange you'd like to use to do this, and the guide will continue:

#
Coinbase
Operates in 32 countries.
#
Cex.io
Worldwide coverage, 99% of countries.
There are also some other exchanges listed here.
7

If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

Coinbase
8

Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

Signing up to Coinbase
9

To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Using a credit/debit card means higher fees but offers instant purchasing. Using a bank transfer is cheaper but slower (taking up to a week to get your coins).

Signing up to Coinbase
10

Once your payment details are verified, click 'buy/sell' on the top menu.

Select 'Bitcoin', and at the bottom of the page choose how much to spend in your local currency / how many coins you want to buy.

Once you're happy with the amount, click the big 'Buy' button.

Buying Bitcoin on Coinbase
11

You'll be asked to confirm your purchase.

Press the 'Confirm Buy' button.

Congratulations! You now own some Bitcoin. But don't close Coinbase yet, we're going to need it again in a few minutes.

Confirm buying Bitcoin on Coinbase
7

Click here to go to Cex.io

Click the 'Register' button along the top menu.

Cex.io
8

Enter your email address and a secure password. Click the checkbox to agree to the terms.

Click 'Register'.

Signing up to Cex.io
9

You will now be asked to set up 2-factor authentication for your new account. It is strongly advised not to skip this step, as 2-factor authentication makes your account far more secure.

We recommend using the 'Smartphone App' option.

Signing up to Cex.io
10

Once your security has been set up, you'll be taken to your account dashboard.

Before we do anything else, head on over to your personal email account- there will be an email from Cex.io asking you to click a link to verify your account. Click it.

You will be taken to a page telling you your email has been confirmed. Click 'Go back to the site'.

Signing up to Cex.io
11

Look for your user ID in the top menu, hover your mouse over it and in the drop down menu click 'Verification'.

Signing up to Cex.io
12

Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so.

Complete the Cex.io verification process by supplying your personal information and uploading your ID.

Signing up to Cex.io
13

Once you're verified, click the 'Deposit' button along the top menu.

You now get to choose how you'd like to deposit money:

Via credit/debit card

If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit.

Via bank transfer

This option takes a few days for the transfer to arrive but has no commission fees.

Choose the method you prefer and follow the instructions to deposit your money.

Signing up to Cex.io
14

Once your money is in your account, click 'BUY/SELL' on the top menu.

Choose 'BTC' and the currency you'd like to buy it in (Dollars, Euros, Pounds or Rubles).

You will be offered some precalculated amounts of Bitcoin, or you can scroll to the bottom of the page and input the amount of Bitcoin you'd like to buy in the 'Custom amount' box.

Once you've decided, click 'Buy'.

Signing up to Cex.io
15

You'll be asked to confirm your buy.

Check everything looks correct and click 'Confirm the order'.

Signing up to Cex.io
16

Congratulations- you now own some Bitcoin!

Press 'Ok'.

Signing up to Cex.io
12
17

We'll use the site Binance to exchange your Bitcoin for Ripple.

Click here to go to Binance, and click 'Register' on the top right menu.

Binance exchange
13
18

Enter your email and a strong password (that you won't forget!).

Click 'Register'.

Setting up a Binance account
14
19

You will be sent an email to confirm your email address.

Click the link in the email.

Setting up a Binance account
15
20

You will be taken back to Binance as your email is confirmed.

Press 'Login'.

On the login form, enter the email and password you just used to sign up, then press 'Login'.

Setting up a Binance account
16
21

A pop-up will advise you to set up 2FA (two factor authentication) on your account.

We strongly advise you to do this- in the event a hacker manages to get hold of your password, this second level of security makes it very unlikely they will be able to get into your Binance account.

We recommend using the Google Auth app on your mobile phone, as it's the most secure 2FA available.

Setting up a Binance account
17
22

Hover your mouse over 'FUNDS' on the top menu and click on 'Deposits Withdrawals'.

This screen displays any coins you have stored on Binance- obviously none at the moment.

Type 'BTC' in the search box.

This will narrow the wallets displayed to just one- Bitcoin.

Press 'Deposit'

You will be given a Bitcoin deposit address (a long string of numbers and letters).

Copy this address and keep it somewhere safe as we're going to need it soon.

Setting up a Binance account
18

Now, return to Coinbase.

Click 'Accounts' from the top menu, then find your Bitcoin wallet listed on the left.

Click 'Send'.

Sending Bitcoin on Coinbase
19

In the 'Recipient' box, paste the Bitcoin wallet address we just copied from Binance.

In amount, type how much Bitcoin you wish to send (there is a 'use max' option if you wish to send it all).

Click 'Continue'.

Coinbase may ask you to confirm with your password/phone. Follow the instructions until it confirms the Bitcoin are sent.

Sending Bitcoin on Coinbase
23

Go back to Cex.io

Press 'Withdraw' on the top menu.

Under 'Select currency and amount' click 'USD' and select 'BTC' in the drop down menu.

Input the amount of Bitcoin you're sending.

In the box labelled 'Enter the recipient's address below' paste the Bitcoin wallet address we just copied from Binance.

Once you've looked everything over, click the check box to confirm you've double checked everything is correct.

Press 'Withdraw'.

Signing up to Cex.io
24

You will be asked for a 2-factor authentication number.

Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'.

Signing up to Cex.io
25

You will be sent an email to confirm the withdrawal.

Go to your personal email and click the link Cex.io has sent you. This will send the coins on their way.

Signing up to Cex.io
20
26

Now we've got to wait a few minutes for the coins to move across the network.

Unless there's an unusually large network backlog, the coins will take between 20 and 60 minutes to appear in your Binance wallet.

Binance will update automatically so there's no need to refresh the page.

While you're waiting, consider sharing this guide with your friends and followers to spread the word about Ripple, encouraging its popularity and value to grow.

Here's some share buttons to make it easy:

21
27

Once the Bitcoin shows in your 'available balance' we're ready to trade for Ripple.

Click here to jump straight to the XRP/BTC exchange market on Binance.

Setting up a Binance account
22
28

The exchange page can look overwhelming at first, but don't worry, we're only going to use a small part of it.

There are two ways of buying coins:

A 'Limit' order, which lets you manually set the price at which you want to buy XRP.

A 'Market' buy, which fills your order automatically at the best price available.

As market buy is the simpler of the two options we'll go with that.

Look for the big green 'Buy XRP' button.

Above it, click the 'Market' option.

In the input box marked 'Amount' you now need to fill in how many XRP you'd like to buy. It may be easier to use the percentage buttons below the input box- for example, press 50% if you'd like to exchange 50% of your Bitcoin for XRP.

When you're happy with the amount, press the buy button.

Your order will be filled immediately.

Setting up a Binance account
23
29

Press 'Funds' along the top menu, then 'Deposits Withdrawals'.

In the search box, type XRP. You will now see your new XRP in your XRP wallet.

Setting up a Binance account
24
30

Now lets move these coins to your personal wallet.

Click the 'Withdrawal' button.

In the boxes that appear, fill in this information:

Label: Write 'My wallet'

Address: Put the wallet address that you copied from Ripple wallet (in step 5).

Available: Press the 'Max' button to send all your XRP.

Once you're sure all this information is correct (double check you've inputted the correct wallet address!), press 'Submit'.

If you've set up two-factor authentication, you will be asked for a code from your phone. Enter it and press 'Submit'.

You will be sent an email to confirm the withdrawal.

Go to your email and click the link that has been sent to you.

Setting up a Binance account
25
31

Go back to your wallet. Click 'overview'.

You may see the message 'You have to be online to see this screen.' If so, click the 'gear' icon in the top right corner. Select settings.

In the options that appear, click 'Network' and turn on 'online mode'.

Click 'overview' to return to your wallet balance.

After a few minutes you should now see the Ripple (abbreviated to XRP) in your wallet.

If the coins haven't appeared within an hour, go back to the Changelly exchange page and scroll to the bottom, then click the 'Having troubles?' box and follow the instructions.

Nem wallet
Links

Other buying guides
Further reading

buyingripple.com and its affiliates make the information in this web site available as a service to its customers and other visitors, to be used for informational purposes only. While we have tried to provide accurate and timely information, and have relied on sources we believe to be reliable, the site may include inadvertent technical or factual inaccuracies. buyingripple.com does not warrant the accuracy or completeness of the materials provided, either expressly or impliedly, and expressly disclaims any warranties or merchantability or fitness for a particular purpose. Neither buyingripple.com nor any of its affiliates, directors, officers or employees, nor any third party vendor, will be liable or have any responsibility for any loss or damage that you incur in the event of any failure or interruptions of this site, or resulting from the act or omission of any other party involved in making this site or the data contained in it available, or from any other cause relating to your access to, inability to access, or use of the site or these materials. Decisions based on information contained on this site are the sole responsibility of the user, and in exchange for using this site, you agree to hold buyingripple.com and its affiliates harmless against any claims for damages arising from any decision you make based on such information.
Binance Ledger Coinbase Cex.io