How and Where to Buy Ripple (XRP) in the UK
<h2 align=”center”>0.34 GBP</h2> <table> <td>Rank:</td> <td> 6 </td> </tr> <tr> <td>Market cap:</td> <td> 17,446,900,000 </td> </tr> </table>
Abbreviation:
XRP
Blockchain support:
Bitstamp, Binance, Bitfinex, eToro
Features:
Transactions settle on the XRP Ledger in 3-5 seconds, XRP transaction fees cost $0.0002 per transaction on average, there have been 70M closed ledgers since 2012.
Creator:
David Schwartz, Jed McCaleb, and Arthur Britto
Website:
ripple.com
The cryptocurrency market is growing at an unprecedented speed each year, turning investments in digital assets into the leading and the top profitable financial strategy of the decade.
The year 2022 has seen a huge rise in demand for crypto coins other than Bitcoin, and Ripple has managed to successfully fill in that space. If you are looking to buy XRP in the UK, take a look at this guide.
What Is Ripple (XRP) and Why Should You Buy It?
Ripple (XRP) is one of the largest coins by market cap, and it is in the top 7 of the most expensive cryptocurrencies of the year. Starting from the announcement of the Tranglo union deal in March 2021, more people are wondering where to buy XRP in the UK because its price continues to grow each day. Tranglo Deal was finalised when Ripple acquired a 40% stake in Asia’s largest cross-border payments specialist company Tranglo. This is major news for those who were considering investing in XRP this year and were waiting for the right moment. Following the deal, the price for Ripple has already risen to a new high of $0.5887, and it is only the beginning.
According to the latest information from the financial analysts, the XRP prices in 2021 will keep rising. Crispus Nyaga, a financial analyst and a professional trader writing for Forbes and other investment journals, has predicted that XRP will exceed the $0.6012 resistance level soon enough and will continue going higher.
In this guide, we have prepared a detailed overview on how to use this opportunity and buy Ripple coin in the UK. Get all that you need to know about what’s the cheapest and the most profitable exchange platform for Ripple, as well as where to store it and how to be in line with the UK government regulations.
How to Buy Ripple in the UK: Step-by-Step Guide
If you are looking to buy XRP, follow these easy steps that will help you to choose where to buy XRP in the UK and will enable you to get the desired investment at the best terms.
Where to Buy XRP in the UK: Best Exchanges
It is easy for beginner traders to get lost in all the varieties of exchange platforms that are available on the market today. To make it an easier choice, we have prepared a review of the most popular exchanges for Ripple. Follow this list to choose the best Ripple exchanges in the UK based on the list of pros and cons, as well as learn about the characteristics and fees of each of the platforms.
Binance
Payment methods:
Supported deposit currencies: USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH. A total of 50 supported fiat currencies.
Binance offers a 25% discount on their trading fees.
Level | 30d Trade Volume (Equivalent to BTC) | BNB Balance | Maker/Taker | Maker/Taker (BNB 25% off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%) |
|---|---|---|---|---|---|
VIP 0 | < 50 BTC | ≥ 0 BNB | 0.1000% / 0.1000% | 0.0750% / 0.0750% | 0.0600% / 0.0600% |
VIP 1 | ≥ 50 BTC | ≥ 50 BTC | 0.0900% / 0.1000% | 0.0675% / 0.0750% | 0.0540% / 0.0600% |
VIP 2 | ≥ 500 BTC | ≥ 200 BNB | 0.0800% / 0.1000% | 0.0600% / 0.0750% | 0.0480% / 0.0600% |
VIP 3 | ≥ 1500 BTC | ≥ 500 BNB | 0.0700% / 0.1000% | 0.0525% / 0.0750% | 0.0420% / 0.0600% |
VIP 4 | ≥ 4500 BTC | ≥ 1000 BNB | 0.0700% / 0.0900% | 0.0525% / 0.0675% | 0.0420% / 0.0540% |
VIP 5 | ≥ 10000 BTC | ≥ 2000 BNB | 0.0600% / 0.0800% | 0.0450% / 0.0600% | 0.0360% / 0.0480% |
VIP 6 | ≥ 20000 BTC | ≥ 3500 BNB | 0.0500% / 0.0700% | 0.0375% / 0.0525% | 0.0300% / 0.0420% |
VIP 7 | ≥ 40000 BTC | ≥ 6000 BNB | 0.0400% / 0.0600% | 0.0300% / 0.0450% | 0.0240% / 0.0360% |
VIP 8 | ≥ 80000 BTC | ≥ 9000 BNB | 0.0300% / 0.0500% | 0.0225% / 0.0375% | 0.0180% / 0.0300% |
VIP 9 | ≥ 150000 BTC | ≥ 11000 BNB | 0.0200% / 0.0400% | 0.0150% / 0.0300% | 0.0120% / 0.0240% |
Margin Borrow Interest rate varies for users at the level VIP 0 and for users at the level VIP 9.
Level | Fee |
|---|---|
VIP 0 | 0.050000% |
VIP 1 | 0.047500% |
VIP 2 | 0.047500% |
VIP 3 | 0.045000% |
VIP 4 | 0.045000% |
VIP 5 | 0.045000% |
VIP 6 | 0.042500% |
VIP 7 | 0.042500% |
VIP 8 | 0.040000% |
VIP 9 | 0.040000% |
Other fees:
Daily limits on Binance card are:
Daily ATM limit is 290 GBP.
Pros | Cons |
|---|---|
How to buy Ripple in the UK on this exchange:
Coinmama
Payment methods:
Supported deposit currencies: USD, EUR, AUD, CAD, GBP, JPY
Fees:
At this exchange, limits vary significantly depending on your level:
Pros | Cons |
|---|---|
Here are instructions to buy Ripple on this exchange:
CoinJar
Payment methods:
Supported deposit currencies: GBP, AUD
There are almost no deposit fees, and there is also no fee for withdrawing XRP.
Method | Deposit Fee |
|---|---|
BPAY deposit | No fee |
NPP deposit | No fee |
Blueshyft cash deposit | 1.5% fee |
Direct debit deposit (CoinJar Bundles only) | No fee |
Receiving digital currencies | No fee |
Receiving digital currencies from CoinJar users | No fee |
Trading fees are shown in the table below.
Fiat Trading Pairs | Taker Fee | Maker/Auction Fee |
|---|---|---|
£0-£10,000 | 0.20% | 0.15% |
£10,000-£100,000 | 0.15% | 0.12% |
£100,000-£1,000,000 | 0.12% | 0.10% |
£1,000,000-£10,000,000 | 0.10% | 0.08% |
£10,000,000+ | 0.08% | 0.05% |
Crypto Trading Pairs | Taker Fee | Maker/Auction Fee |
All volume | 0.00% | 0.05% |
You can also see the limits down below:
Pros | Cons |
|---|---|
Buying Ripple through CoinJar takes place in the following way:
Wirex
Payment methods:
Supported deposit currencies: EUR, GBP, CAD, CZK, HUF, PLN, RON, HRK, USD
Crypto accounts: WXT, BTC, LTC, XRP, ETH, WAVES, DAI, NANO, XLM
Fees vary per region and always include a commission.
Type | Transaction charges |
|---|---|
Crypto exchange services | OTC rates + commission |
Fiat exchange services | Interbank rates + commission |
Internal transfer (between Wirex users) | Free |
External transfer (crypto) | Blockchain fees apply |
Limits:
Pros | Cons |
|---|---|
Follow these steps to purchase some XRP:
Crypto.com
Payment methods: debit card, credit card, UK bank transfers via Faster Payments Service
Supported deposit currencies: more than 30 currencies, but deposits only in GBP or EUR
Trading fees at Crypto.com depend on the level:
Withdrawal fees for XRP:
Buy/sell limits per transaction: 200,000 for XRP.
Pros | Cons |
|---|---|
How to buy Ripple in the UK through this exchange:
CEX.IO
Payment methods:
Supported deposit currencies: USD, EUR, GBP, RUB
Fees vary per trade volume. The lowest trade volume would mean a 0,25% Taker and 0.16% Maker fees. The highest volume would mean 0.10% Taker and 0.00% Maker fee.
Trade Volume 30d, Equivalent to BTC | Taker | Maker |
|---|---|---|
≤ 5 | 0.25% | 0.16% |
≤ 30 | 0.23% | 0.15% |
≤ 50 | 0.21% | 0.13% |
≤ 100 | 0.20% | 0.12% |
≤ 200 | 0.18% | 0.10% |
≤ 1000 | 0.15% | 0.08% |
≤ 3000 | 0.13% | 0.04% |
≤ 6000 | 0.11% | 0.00% |
> 6000 | 0.10% | 0.00% |
Deposit fees:
Withdrawal fees:
Limits depend on your status:
Pros | Cons |
|---|---|
If you want to buy Ripple on this exchange, do the following:
LiteBit
Payment methods:
Supported deposit currencies: Litebit only accepts EUR as their fiat currency.
There is a fee of around 2% for most cryptocurrencies. For Bitcoin, the fees are below 1%. For XRP and other coins, these percentages are between 2-5%.
Limits:
Pros | Cons |
|---|---|
Here is how to buy XRP coins on LiteBit:
BC Bitcoin
Payment methods:
Supported deposit currencies: GBP, EUR, USD
Fees when buying crypto using a bank transfer:
Fees when paying using a Credit or Debit card are approximately 2.5% more expensive.
It is possible to buy or sell a maximum of 25 crypto coins. To be able to purchase more than that amount, one should contact BC Bitcoin using an online support form.
Pros | Cons |
|---|---|
Below is what you should do to buy XRP:
eToro
Payment methods:
Supported deposit currencies: USD
Fees:Limits:
Pros | Cons |
|---|---|
The process of buying crypto on eToro takes place in the following way:
Libertex
Payment methods:
Supported deposit currencies: GBP, EUR, USD, and more than 90 pairs
Fees:
Limits:
Pros | Cons |
|---|---|
Finally, here is how to buy Ripple on this exchange:
Where to Store Ripple Securely?
After you’ve got all the information you need about the cheapest and the most efficient ways to buy XRP on the market, you may wonder- where should I store it? Some platforms offer cryptocurrency wallets for a separate fee, but this is not the most reliable way to take care of your crypto possessions.
There are a couple of online and offline crypto wallets that have great reviews and will keep your XRP safe.
Trezor Model T
Trezor Model T is the most trustworthy, premium model of a XRP hardware wallet that offers advanced features, high security, and a brilliant design. The benefits of acquiring Trezor Model T are multiple.
Ledger
Ledger is another crypto wallet on the market that has decent reviews on Finder and is among the easiest to use. The major benefits of this wallet are:
Exodus
Exodus is another popular crypto wallet that allows you to store more than 100 cryptocurrencies online. Interestingly enough, it is a rare example of a closed sourced wallet, and thus its security features will be slightly lower than those of the Trezor Model T or Ledger.
The benefits of using Exodus are:
Cryptocurrency Regulations in the UK
There are several important regulations that the UK government has recently introduced in relation to XRP and other cryptocurrencies.
First of all, any crypto exchange that is UK-based or wants to be fully operational in the UK must apply for registration at the Financial Conduct Authority (FCA) of the country. It will then receive a license from the FCA and adhere to comply with the government-issued regulations: Know-Your-Customer, Anti-Money Laundering, and Combatting the Financing of Terrorism.
Furthermore, cryptocurrencies will not be classified as legal tender. However, as of the year 2021, the Financial Conduct Authority banned and proclaimed illegal any crypto derivatives. Those cannot anymore be offered to the UK users due to their links to cross-border criminal activities, unconfirmed speculative nature on Finder, and extreme volatility.
Final Thoughts
With cryptocurrencies gaining momentum in recent years, it is time to move beyond good old Bitcoin and look at the new and profitable alternatives on the crypto market. Ripple is the perfect example of a reliable cryptocurrency that has favourable forecasts for the future and is still affordable for purchase for beginner investors with smaller budgets.
The price of Ripple has been slightly down for the past few months, and therefore, now could be the best time to buy XRP cheaply before it grew in price again.
FAQ
A few final questions on the topic.
What Is the Best Exchange to Buy XRP?
XRP is a popular crypto coin that is now available for purchase in most crypto exchanges. The best exchanges to buy XRP are Binance, Libertex, eToro, and CoinJar.
Where Can I Buy XRP Ripple?
Ripple can be bought using an exchange platform of your choice. The most popular and trustworthy XRP exchanges are Binance, CoinJar, Coinmama, and Libertex.
Is XRP Worth Buying in 2021?
Ripple is in the top 7 most profitable and volatile currencies of 2021, and it is also one of the largest by cap. Currently, its price is still more affordable compared to Bitcoin and some other crypto coins. Yet, it continues to grow at high speed and has favourable forecasts from analytics for this year. 2021 can be the best year to buy XRP for cheap and profit on the growing exchange.
Is Ripple a Good Investment?
Ripple can be a solution for those traders who believe in the capitalisation of the cryptocurrency market but cannot afford expensive coins like Bitcoin. XRP is a good investment because it can be bought for a reasonable price before it reaches the next peak. A new major price increase is predicted to happen already this year, following the Tranglo Deal.
