How to Buy XRP in the UK? – Quick and Easy!

Benefits of Learning How To Buy XRP in The UK

According to the market cap, Ripple is the third-largest cryptocurrency in the world. Ripple is rapidly gaining acceptance and value, despite not receiving nearly as much attention from traders and investors as Bitcoin (BTC).

So, what exactly is ripple and where can you buy it? In this article, we’ll go over five of the best UK cryptocurrency exchanges where you can buy Ripple right now and cover all you need to know about how to buy XRP in the UK.

Step By Step Guide on How To Buy XRP in the UK

‍To buy XRP, you need to:‍

1. Sign up for an exchange

From cryptocurrency exchanges like eToro, Uphold, or Phemex, you can purchase XRP. You may buy, sell, hold, and give a variety of cryptocurrencies on a crypto exchange, including well-known ones like XRP, Bitcoin, Ethereum, USD Coin, Solana, and Dogecoin.

A list of cryptocurrency exchanges where you can buy and sell XRP in the UK can be found by scrolling down. To open an account with the majority of these exchanges, you’ll need a working ID card and a payment method.

2. Add a payment method

The majority of cryptocurrency exchanges let you deposit funds using your GBP debit card, a bank transfer from you bank account, or Open Banking.

3. ‍Choose and configure your wallet

Wallets are crucial because they enable you to store your XRP and other cryptocurrency holdings. Since wallets are frequently independent of exchanges, it is preferable to store your cryptocurrencies there rather than on a cryptocurrency exchange. You can be sure that your money is secure on the blockchain and distinct from the cryptocurrency exchange even if the exchange fails, for example. eToro Money Wallet and Uphold Wallet are a couple of examples of crypto wallets.

4. Buy XRP

You are now prepared to buy XRP after creating an account with a cryptocurrency exchange and configuring your wallet. Simply buy XRP tokens by going to the trading section of your favourite cryptocurrency exchange.

5. ‍Transfer your XRP to a secure wallet

Transfer your XRP to a secure wallet once your purchase is complete to keep it safe. When you’re prepared to turn your XRP into cash, you can always transfer it back to the exchange.

Where To PurchaseXRP in the UK?


In the UK, Kraken is now among the most affordable places to buy Ripple (XRP) using GBP. It’s also without a doubt one of the top crypto exchanges accessible to people in the UK.

It was one of the first crypto exchanges to launch in 2013, having been founded in 2011 following the historic Mt. Gox breach. At the time of writing, CoinMarketCap ranked it as having the fourth-highest trading volume worldwide.

It supports a number of the biggest and most well-known cryptocurrencies, including as Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), and Ripple (XRP). The significant exception is that UK residents are now unable to trade Monero (XMR) on Kraken.

Debit cards, credit cards, and UK bank transfers are accepted by Kraken through Faster Payments. The least expensive payment option is a UK bank transfer, which may be sent for free in GBP and is often completed and used on Kraken minutes after being sent. (However, it can take a bit longer for your initial deposit.)

Once your GBP has been credited, you can buy Ripple (XRP) on the XRP/GBP spot market at the current real exchange rate. One of the lowest trading fees you’ll find in the world of cryptocurrencies, the maximum charge you’ll pay is 0.26%.

One thing to keep in mind is that there is a brief 72-hour withdrawal hold when you make your initial GBP deposit into Kraken. You can trade as usual, but until that hold is released, you are unable to move anything outside of Kraken.


Another website where you can simply and affordably buy Ripple (XRP) in the UK is CoinJar. Currently, you can use a UK bank transfer to deposit GBP into CoinJar or use a debit card to instantly buy Ripple (XRP) and other other cryptocurrencies.

Since Faster Payments are supported, your GBP should be credited to your CoinJar account within minutes of making your initial transaction. Although there are alternatives (such as the app), not all of them are as quick as this.

When you use the straightforward and user-friendly interface of CoinJar to buy Ripple (XRP) or any other supported cryptocurrency, a set fee of 1% will be applied. The currency rate is often 0.2% to 0.5% higher than the best exchange rate I can find elsewhere, according to my past checks.

However, if you buy Ripple (XRP) on CoinJar with a debit card, you will pay a flat cost of 2%. If you choose to pay smaller costs, CoinJar also offers a crypto exchange (CoinJar Exchange), where you can submit a market order for a maximum fee of 0.1% and a limit order for 0%.

UK people can deposit GBP with a UK bank transfer through the app. Then, you can buy Ripple (XRP) with the money in your GBP wallet without having to pay any further fees.

Ripple (XRP) can also be purchased through the app using a credit or debit card. The cost to buy any digital currency with a debit or credit card for UK citizens is 2.99%. Although some users claim to be unable to use their UK bank cards, most users say they can still do so.

Unfortunately, I’ve discovered that the prices listed in the app are more expensive (by more than 1%) than those on well-known crypto exchanges.

The app is a whole lot simpler to use than crypto exchanges like Kraken, which can be a little intimidating at first. It’s not quite as user-friendly as the CoinJar smartphone app, though.

However, offers much more than this, such as the Visa Card (which is currently one of the best crypto debit cards around).

How to Find the Best Place to Buy XRP in the UK

When buying XRP in the UK, you have a wide range of trading platforms to select from. To assist you in selecting the best one, consider the following:

  • Where it’s registered – It is a smart idea to use a locally registered exchange to buy Ripple. The likelihood of accepting pounds and domestic payment options like PayID is higher, which helps keep exchange rates low. Selecting an exchange that is based in the UK also indicates that it is probably registered with the Financial Conduct Authority (FCA), which means that it must abide by UK rules.
  • Security – Consider the platform’s security features, such as 2-factor authentication and PGP-encrypted emails. Cold storage of user funds is regarded as industry norm, but less frequently used insurance funds are a sign of strong security procedures.
  • Fees – To learn the precise cost of your transaction, read the fine print. These could include spreads, trading fees, and deposit and withdrawal fees, depending on the platform you select.
  • Transaction limits – Are there any restrictions on the smallest or largest quantity of XRP you can buy? Does the exchange have a cap on how much money you can take out of your account in a single transaction or in a 24-hour period?
  • Other platform features – Keep an eye out for more features that meet your trading or investing needs. As an illustration, several exchanges now allow you to receive yield on your holdings, and some even provide you with cryptocurrency debit cards so you may spend your coins.
  • Customer support – Will it be possible for you to contact customer support promptly and simply if you ever experience an issue with a transaction? Do they have a UK headquarters? Examine the different contact options and learn how quickly the team responds to questions.
  • Insurance fund – User funds are presently insured by a small number of exchanges. If insurance is important to you, be aware that policies differ significantly between exchanges and that you will need to conduct extensive research.

UK Ripple (XRP) Wallets: Keep Your XRP Safe & Secure

Once you buy Ripple (XRP), it’s a good idea to move it into a private wallet that you own and manage completely. You have two choices if you wish to do this:

Put it in a hardware wallet, a special gadget that helps keep your money secure.

You can download a software wallet on your computer or smartphone and transfer the money there.

Hardware Wallets Which Support Ripple (XRP)

All across the Ripple (XRP) ecosystem, hardware wallets are highly praised. They simplify, facilitate, and make using and owning bitcoins straightforward.

If you’ve never heard of them, they’re little electronic gadgets that let you use and store your digital currencies like Ripple safely (XRP). Your cryptocurrency is significantly less likely to be stolen due to the way they operate.

A well-liked and affordable hardware wallet called the Ledger Nano S lets you safely store Ripple (XRP) and hundreds of other cryptocurrencies. See the complete list of cryptocurrencies accepted here.

Three other hardware wallets that support Ripple (XRP) are listed below:

  • Trezor Model T
  • CoolWallet S
  • Ledger Nano X

Software Wallets Which Support Ripple (XRP)

There are many Ripple (XRP) software wallets available that you may install on your desktop or mobile device if you are waiting to buy a hardware wallet. This is a less secure solution for the majority of users and exposes you to malware attacks on your computer or mobile device.

What Is Ripple (XRP)?

The native cryptocurrency of Ripple, a blockchain-based payment system developed by Ripple Labs Inc., is called XRP. It speeds up and throughputs cross-border transactions orders of magnitude faster than Bitcoin or Ethereum.

To give some context, transaction times with Bitcoin, Litecoin, Ethereum, and XRP can be as quick as 60 minutes, 10 minutes, 2 minutes, and 0.07 minutes, respectively.

In comparison to SWIFT, XRP offers a less expensive, more effective method of handling international transactions.

Banks and other financial organizations utilize the SWIFT system, also known as the Society for Worldwide Interbank Financial Telecommunication, to send and receive information securely, promptly, and regarding money transfers, among other things. Currently, more than 11,000 institutions worldwide are members of SWIFT.

With XRP, SWIFT’s work might be done more cheaply, effectively, and sustainably. As with Bitcoin, Ethereum, and many other cryptocurrency blockchains, the XRP Ledger quickly resolves XRP transactions without the energy expenses associated with proof of work (or mining).

XRP can scale to provide the same throughput as Visa and presently handles 1,500 transactions per second, 24 hours a day, for over 300 financial institutions on RippleNet. In a recent court case, it also triumphed over the US Securities and Exchange Commission (SEC).

Quick Facts About Ripple (XRP)

  1. 2013 saw the creation of Ripple (XRP) by Ripple Labs.
  2. The brand Ripple has replaced Ripple Labs. More than 200 people work there.
  3. Products from Ripple (XRP) are marketed to financial institutions (like banks or payment providers).
  4. Ripple (XRP) was initially created in 100 billion (i.e. pre-mined). Ripple (XRP) won’t be produced any longer.
  5. Ripple owns 61% of the entire supply of ripple (XRP).
  6. Ripple network cannot be mined (XRP). Without using either proof-of-work or proof-of-stake, consensus is achieved.
  7. Transactions on Ripple (XRP) are validated relatively quickly (within 5 seconds).
  8. The costs for Ripple (XRP) are incredibly low—less than $0.01.

Ripple (XRP) Products

The three main products of Ripple (XRP) are xCurrent, xRapid, and Via.


This takes the place of the financial institutions’ SWIFT messaging system. It enables quicker, clearer, and more effective messaging between banks.

With the use of xCurrent, banks can:

  • Send each other real-time messages (two-way protocol).
  • Before starting the transaction, double-check its details (e.g. confirm costs).
  • Confirm that the money was delivered.

Although some people might not realize it right away, xCurrent doesn’t truly use Ripple (XRP). Additionally, it only functions well when banks already have a bilateral agreement in place (i.e., trust).

This is how Ripple (XRP), a cryptocurrency, gets its foot in the door with financial institutions, even if it might not sound good for the cryptocurrency. It prepares the way for xRapid’s implementation, which expands on the framework created by xCurrent.


Financial institutions don’t need to have “nostro” accounts in the destination currencies because xRapid gives them access to on-demand liquidity pools of digital assets.

Let’s look at that: in certain nations, sending money needs having accounts that have already been funded in the local currency (i.e. nostro). The opportunity cost of providing such cross-border payments has increased as a result of recent reforms.

With xRapid, banks will be able to make payments into and out of nations using Ripple (XRP) without having nostro accounts there. More over $27 trillion would be released from inactive nostro accounts as a result.

xRapid necessitates the use of Ripple, as opposed to xCurrent (XRP). Numerous businesses have tested or are utilizing xRapid. Previously, this also applied to Western Union and MoneyGram, but in March 2021, MoneyGram and Ripple Labs dissolved their partnership.

Final Thoughts

Looking for XRP purchases? A top-3 coin, ripple is accessible on practically all crypto exchange platforms. But not all of them might accept GBP as a form of payment. However, the crypto exchanges on our list would welcome it if you created an account and began trading with currency from your home nation.

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