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How to buy Ripple (XRP) in the UK (2019)

Current Price: £0.34   24hr: -1.43%

Below are 3 step-by-step guides for buying Ripple (XRP) in the UK, updated for 2019. The first option is to trade Bitcoin (BTC) for Ripple on an exchange such as Binance – 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 CEX.io, which is certainly the easiest method though carries slightly higher fees for the convenience. The third option is to use LiteBit.eu, which allows you to buy XRP directly with Euros using a SEPA transfer.

Options and information is presented in this order:
1. BTC -> XRP on Binance (best price)
2. CEX.io (easiest)
3. LiteBit (EUR)
4. Ripple Wallets: Storing your XRP safely
5. Help


1. Bitcoin -> Ripple with an Exchange

You can achieve the most competitive rates 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 exchange…

This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:

  • CEX.io (recommended; buy with £GBP)
    • Sign up for an account and buy BTC straight away with your debit or credit card, or bank transfer.
  • Local Bitcoins (buy with £GBP)
    • Buy BTC from other Brits using bank transfer.
  • Coinbase (buy with EUR)

or, click here for a detailed guide on buying BTC in the UK

Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…

Bitcoin (BTC) -> Ripple (XRP)

Now, we will use Binance (the most popular crypto exchange) to buy Ripple with Bitcoin…

  1. Register for a Binance account here
  2. Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu
    1. Select BTC from the drop-down menu, and copy your BTC Deposit Address
      BTC deposit address Binance-min
    2. Send your Bitcoin to this address.
      i.e. if you purchased BTC from CEX.IO, use their ‘withdraw’ page to send BTC to your Binance BTC wallet.
  3. Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar.
  4. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
    1. Type XRP in the search bar
    2. Click the XRP/BTC link to reach the market page
      BTC XRP trading pair selector Binance
  5. Using the Buy XRP panel, set your Buy parameters, and click the green buy XRP button

    Confused by different order types?
    Limit
    : allows you to specify the price at which the order will ‘fill’. If the price is rising, the order may not get filled, but if it does get filled it will always be at the price specified (or, sometimes a better price).
    Market: buy or sell at the current price. Market orders always get filled, but in a volatile market are often risky as you won’t know the exact buy/sell price until after the order has filled.
    Stop-Limit: we recommend you read Binance’s article about this type of order.

    1. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
    2. When your order is filled, the exchange is complete, and your XRP will appear in your XRP wallet under the Funds -> Balances page

Congratulations, you have purchased Ripple (XRP)!

Now, it’s important you learn how to store your XRP safely. Keeping your XRP on-exchange is a risky tactic for long-term holders.


2. CEX.io (GBP)

Buying Ripple (XRP) on CEX.io is easy. You can use your Debit/Credit card to buy with Euros, or link a bank account to send Euros to your CEX.io wallet.

Firstly, sign up for an account here.

Now that you have an account, you can choose between the following options:

Buy XRP directly with a credit/debit card (Super Easy Method)

  1. Click BUY/SELL in the top menu
  2. Select XRP and GBP from the drop-down boxes
  3. Choose your amount and hit BUY
  4. Fill out your card details

Congratulations, you bought XRP!

Deposit GBP to your CEX.io account snd trade for XRP and other Cryptocurrencies (Slower, but more trading flexibility)

  1. Click the green DEPOSIT button in the top right corner
  2. Choose GBP as the currency, and enter a quantity
  3. Follow the instructions to link your bank account
  4. When you have funded your CEX.io account with British Pounds, you can use either the BUY/SELL page, or the TRADE pages
    1. Using Trade gives you more flexibility in your orders, and allows you to access other markets


3. 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…

  1. Sign up for an account here
  2. After you’ve completed the account creation, head to the Ripple page
  3. Fill out the Buy Ripple form…
    1. Enter the quantity
    2. Enter your Ripple wallet address under Receive Address. If you don’t have a Ripple wallet, you need to create one. Here are two options:
      1. Rippex Wallet
      2. Toast Wallet
    3. Choose SEPA Bankwire as the payment method
    4. Agree to the terms and conditions and click Next.
  4. Follow the instructions to complete the SEPA transfer
  5. Your Ripple will be sent to your address within a few days
  6. Now, learn how to store your XRP safely
Buy Ripple in the UK with LiteBit
Fill out this form to begin your Ripple purchase.

4. 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.

Ledger Nano S - The secure hardware wallet

Software Wallets

If you’re not ready to purchase a hardware wallet, you can opt for the less-secure option of using a software wallet – either desktop or mobile. Two options are Rippex Wallet and Toast Wallet.


5. Having difficulties, or not sure which option is best for you?

Contact us and we’ll do our best to help.

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