Is Buying Ripple on Coinbase Possible?
The cryptocurrency market continues to attract investors, with Ripple (XRP) standing out as a top contender. But can you buy Ripple directly on Coinbase? The short answer is no—but there’s a workaround.
Why Coinbase Doesn’t Directly Support Ripple
Ripple isn’t listed on Coinbase, but the team is exploring potential partnerships. Until then, you’ll need an intermediary exchange like Binance or Kraken to acquire XRP.
Where to Buy Ripple (XRP)
Top Exchanges for Ripple
- Binance – A leading global exchange with high liquidity.
- Kraken – Supports fiat-to-crypto purchases.
- Bitstamp – Allows direct USD purchases.
While Coinbase isn’t an option, you can use it to buy Bitcoin (BTC) or Ethereum (ETH), then transfer those funds to another exchange to trade for XRP.
How to Buy Ripple via Binance
Step 1: Purchase Bitcoin or Ethereum on Coinbase
- Sign up on Coinbase.
- Deposit USD via bank transfer or card.
- Buy BTC or ETH.
Step 2: Transfer Crypto to Binance
- Create a Binance account.
- Navigate to Funds > Deposits & Withdrawals.
- Select BTC or ETH, copy the deposit address.
- On Coinbase, send your crypto to Binance’s address.
⚠️ Note: Transaction fees apply when transferring from Coinbase.
Step 3: Exchange BTC/ETH for XRP
- On Binance, search for XRP/BTC or XRP/ETH.
- Enter the amount and execute the trade.
- Store XRP in a secure wallet.
Buying Ripple with USD
For direct USD purchases, use Bitstamp:
- Sign up via Ripple’s official buying guide.
- Deposit USD via wire transfer.
- Navigate to Buy/Sell > Instant Order.
- Enter the XRP amount and confirm.
💡 Pro Tip: Verify exchange credibility through reviews before depositing funds.
Why Invest in Ripple?
Key Advantages of XRP
- Speed: Settles transactions in ~4 seconds.
- Low Fees: Minimal operational costs.
- Bank Partnerships: Used by American Express, Standard Chartered, and others.
At the time of writing, XRP trades at $0.47** with a **$47B market cap.
FAQs
1. Can I buy Ripple directly on Coinbase?
No, but you can use Coinbase to buy BTC/ETH, then trade for XRP on Binance.
2. What’s the cheapest way to buy XRP?
Purchasing via Bitstamp with USD avoids extra conversion fees.
3. How do I store Ripple safely?
Use a hardware wallet (e.g., Ledger Nano S) or trusted software wallets like Exodus.
👉 Best crypto wallets for 2025
4. Is Ripple a good investment?
XRP’s institutional adoption and fast transactions make it a strong contender.
Conclusion
While you can’t buy Ripple directly on Coinbase, the process is straightforward:
- Purchase BTC/ETH on Coinbase.
- Transfer to Binance or Kraken.
- Trade for XRP.
For USD purchases, Bitstamp is the easiest option. Always prioritize security by using verified exchanges and wallets.
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