How to buy Ripple (XRP) in the UK
In this guide, we walk you through three methods for buying Ripple (XRP) in the UK. The first option is to trade Bitcoin (BTC) for Ripple on an exchange such as Binance or Bitfinex – this option is especially useful if you wish to buy other cryptocurrencies, as you can trade them for your Bitcoin on exchanges. The second option is to use LiteBit.eu, which allows you to buy XRP directly with Euros using a SEPA transfer. Thirdly, you can use GateHub to exchange Euros (EUR) for Ripple. The final option is to buy Ripple with GBP through Cryptomate, though the service is intermittently unavailable due to high demand.
UPDATE (January ’18):We have received various emails from visitors detailing problems with GateHub transactions, and Cryptomate is low on supply. We therefore recommend you use option 1, or try option 2.
1. Bitcoin -> Ripple with an Exchange (Recommended)
You can access competitive rates and beat verification backlogs by trading Bitcoin for Ripple on an exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance or Bitfinex exchange as the example…
This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:
or, click here for a detailed guide on buying BTC in the UK
Bitcoin (BTC) -> Ripple (XRP)
Now, we will use Binance, Bitfinex or HitBTC to buy Ripple with Bitcoin…
UPDATE: Binance is accepting a limited number of new users a day. If you are unable to sign-up, try HitBTC instead (instructions below)
- Register for a Binance account here
- Deposit Bitcoin into your account by heading to Funds -> Deposits Withdrawals in the top menu
- Click the + next to Bitcoin to reveal the wallet address – send Bitcoin here
- Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar
- Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
- Type XRP in the search bar
- Click the XRP/BTC link to reach the market page
- See the Buy XRP panel (pictured below), set your Buy parameters, and click the big green button
- This places an order, which can be watched via the Orders tab in the top navigation bar
- When your order is filled, the exchange is complete, and your XRP will appear in your XRP wallet under the Funds tab
Now, learn how to store your XRP safely
- Register for a HitBTC account here
- Deposit Bitcoin into your account by clicking the green Deposit button in the top right corner of the screen
- Click the + next to Bitcoin under the deposit column
- Send your Bitcoin to the address that is generated
- Once Bitcoin has reached your HitBTC wallet, click the right arrow next to the Bitcoin wallet row to transfer your Bitcoin from your Main Account to your Trading Account
- Now, head to Exchange
- Search for XRP under the BTC tab and click on the resulting row (or click here)
- Use the Buy XRP window (pictured below) to set your order parameters
- When your order is filled, your XRP will appear in your wallet, visible under Account – from here you can withdraw your XRP to a different, more secure wallet
Now, learn how to store your XRP safely
- Create an account at Bitfinex here
- Deposit BTC into your Bitfinex wallet…
- Click Deposit on the top bar menu
- Click Bitcoin
- Copy your Exchange Wallet address
- Send Bitcoin to this address, and wait for the transaction to receive the required confirmations
- Now that you have Bitcoin in your Bitfinex account, use the Trading menu option in the top-right of the screen to select Ripple then XRP/BTC, or click here: XRP/BTC.
- Complete the Order Form on the left side to exchange your BTC for XRP. Order form notes…
- Use Limit if you would like to set a price for your order – you can then type in values, or choose the highest bid or lowest ask using the green and red buttons above your BTC price
- Using Market will result in the order executing immediately according to the best market price available when the order is placed. Using this option ensures your order is fulfilled most rapidly, though you are unable to specify your desired price as in Limit
- Use the green button above AMOUNT XRP to use as much of your BTC balance as possible in the order, unless you wish to keep some Bitcoin on the exchange for other trades
- Click Exchange Buy to send your order to market, and wait for it to be filled. If you used a Limit order that isn’t being filled, you can always cancel the order and set a new one at a different price.
- When your order is fulfilled, your Ripple will appear in your Wallets area
Congratulations, you bought Ripple! Now, learn how to store it safely
2. LiteBit (EUR)
You can buy XRP directly with Euros on LiteBit, using a SEPA transaction from your bank. Although a SEPA transfer can take up to a few days, the price you pay per XRP is locked-in at the time of order. Follow the instructions below…
- Sign up for an account here
- After you’ve completed the account creation, head to the Ripple page
- Fill out the Buy Ripple form…
- Follow the instructions to complete the SEPA transfer
- Your Ripple will be sent to your address within a few days
- Now, learn how to store your XRP safely
3. GateHub (EUR)
GateHub allows British buyers to acquire Ripple (XRP) with Euros (EUR), however you will accrue fees for the Euro deposit depending on your bank’s fee schedule.
UPDATE (January ’18): We are continuing to receive reports of slow verification and terrible customer service. There are also reports of an inability to get the wallet working, as 20 XRP is needed in order to activate a Ripple wallet. We reiterate our recommendation to use the first method in this guide. However, if you do choose to go ahead with GateHub we will do our best to assist you, and you can always contact us for help.
- Sign up for an account
- Verify your email and store your recovery key in a safe place, this is very important as should you lose your password, this is the only way to recover your wallet!
- Sign in with your credentials, and verify your identity
- Now that you have access to GateHub, it’s time to connect a gateway – select Euro from the wallet options, and click Confirm
- Wait for GateHub to confirm your account: this can take a while, as GateHub’s support team are somewhat slow compared to other exchanges and crypto sites
- When you’ve had your wallet activated*, head to Deposit/Receive, and go to EU Bank. Use the information displayed to send funds from your bank account.
- Once you’ve funded your wallet, head to the Exchange page, type the Euro amount you wish to spend, then click Exchange EUR to XRP
- Your XRP will appear in your XRP wallet on the Home and Wallet pages
Congratulations, you bought Ripple! Now, learn how to store your XRP safely
4. Cryptomate (GBP)
Cryptomate allows Brits to buy Bitcoin and Ethereum, as well as smaller cryptocurrencies such as Monero and Ripple. It should be noted, however, that it wont offer the most competitive rate, so always check the difference between the Cryptomate rate and the exchanges/GateHub before making a purchase to see how much of a margin you may be losing.
Making an account and buying coins is intuitive, and utilises a GBP bank transfer. It should be noted, though, that prices are slightly higher than on other services, due to the GBP convenience.
5. Ripple Wallets: Safely Storing your XRP
We always recommend that you move your cryptocurrencies off of exchanges if you are planning to hold on to them. This way, you’ll hold the keys to your wallet, and therefore will truly own your coins.
Hardware Wallets (recommended)
The most secure option that we recommend is to purchase a hardware wallet: a small electronic device that is immune to many of the threats that software wallets face (such as viruses and hacks).
The most reputable and appropriate hardware wallet for most of our visitors is the Ledger Nano S, which allows you to securely store a number of cryptocurrencies, including Ripple. You can see a full list of supported cryptocurrencies here.
6. Having difficulties, or not sure which option is best for you?
Contact us and we’ll do our best to help.