XRP has been around since the early days of crypto, surviving hard-fought legal battles, rebrands, and market downturns. This guide covers where to buy XRP, how to store it, and a brief history of the coin. Here’s what to know in 2025.
KEY TAKEAWAYS
➤ XRP remains one of the most resilient and popular cryptocurrencies, having survived legal challenges and market volatility.
➤ You can buy XRP on major centralized exchanges like Binance, Bybit, Coinbase, Kraken, and OKX.
➤ For secure storage, XRP should be moved to a non-custodial wallet like Xaman, Trust Wallet, Ledger, Trezor, or Exodus.
➤ When choosing a platform, consider fees, features, and both platform security and consumer protection.
Top platforms to buy XRP in 2025
1. Binance
Changpeng Zhao (also known as CZ), founded Binance in 2017. It is the world’s largest crypto exchange by trading volume and is one of the most comprehensive centralized exchanges (CEXs) in the market. Binance serves over a quarter billion users in more than 100 countries and offers multiple products and services that suits advanced and novice users.
- Spots, derivatives, and margin trading
- NFT marketplace
- Earn and savings products
- Mining and staking
- Some services restricted by location
- Occasional outages
Ben Zhou founded Bybit in 2018. The crypto exchange is known for its derivatives offerings (futures and options trading) and is the world’s second largest CEX by trading volume. The platform supports advanced trading tools and has diverse asset classes beyond crypto, including commodities and forex.
- Advanced derivatives trading
- Trading bots and copy trading
- Diverse asset classes
- Earn and savings products
- Geographic restrictions
- Limited fiat support
3. Coinbase
Coinbase is a U.S.-based CEX founded in 2012 by Brian Armstrong and Fred Ehrsam. It serves over 100 million users globally and operates in more than 100 countries. Coinbase has become popular as a proverbial on-ramp to crypto, offering developer support, advocacy for web3, and multiple products and services that bridge the gap between web3 and traditional finance (TradFi).
- Beginner friendly
- Proprietary blockchain and non-custodial wallet
- Regulatory compliance
- Learn content
- Relatively high fees on Coinbase Prime
- Customer support issues
4. Kraken
Kraken started in 2011 as Bitcoin-only exchange, but eventually expanded to supporting other cryptocurrencies, including XRP. Kraken is particularly known for its advanced trading features and derivatives products as well as its commitment to user security.
- Advanced trading features
- 24/7 customer support
- Up to 50x leverage
- Was hacked in 2024, damaging its reputation for security
OKX is one of the most prominent CEXs in the market. Along with OKCoin, OKX operates under the management of OK Group. It was originally named OKEx but rebranded to OKX in 2022. The platform is known best for its advanced trading features, trading bots, and low fees.
- Low trading fees
- Advanced trading (spot and derivatives)
- ISO-certified seucrity
- Proprietary non-custodial wallet and ZK layer-2 blockchain
- Customer support issues
- Geographic restrictions
Platforms to buy XRP compared
| Platforms | Supported countries | Fees | Bonus |
|---|---|---|---|
| Binance | 100+ | 0.1% | Up to $100 |
| Bybit | 160 | 0.1% | Up to 5,050 USDT |
| Coinbase | 100+ | $0.99-$4.19 | Up to $200 |
| Kraken | 190+ | 01-4% | Referral bonus varies |
| OKX | 100+ | 0.08% | 0.1% | Up to 120 USDT |
The top platforms to purchase XRP were chosen based on a number of factors. Primarily, this guide takes into consideration the liquidity of XRP on the platform, as well as the supported countries, fees, and any available bonuses.
What is XRP?
Created by Ripple Labs, XRP is the native coin of the XRP Ledger (often shortened to XRPL). David Schwartz, Jed McCaleb, and Arthur Britto began work on the XRP Ledger in 2011. They were later joined by Chris Larsen, and together they founded OpenCoin in 2012. OpenCoin would eventually rebrand to XRP in 2013.
Unlike many of the cryptocurrencies that launched around the same time as XRPL (XRP’s blockchain), it is not proof-of-work. XRPL uses a federated mechanism based on the Byzantine Fault Tolerant model.
Originally, XRP was designed to facilitate fast and cheap payments between banks and other financial institutions with RippleNet (a blockchain-based payment network).
The U.S. SEC sued Ripple in 2020, alleging XRP was an unregistered security. A 2023 court ruling partially favored Ripple, declaring XRP not a security when sold to retail investors. The SEC appealed that decision, but finally dropped the lawsuit in March 2025.
The price of XRP, which has been relatively suppressed during the years of legal battles, saw surges upon each piece of positive news related to the SEC case. The market cap of XRP has been close to surpassing even Ethereum’s, the second most popular cryptocurrency.
Where to store XRP?
When purchasing XRP from an exchange, you should withdraw it into a safe non-custodial wallet. Though it is a popular cryptocurrency, some wallets do not support XRP. Here is a brief list of wallets that you can use to store your newly purchased XRP.
- Xaman: Non-custodial XRP Ledger wallet for storing, sending, and interacting with XRPL-based assets and DApps.
- Trust Wallet: Multi-chain mobile wallet supporting thousands of cryptocurrencies, NFTs, and DApps with built-in web3 browsing.
- Ledger: Hardware wallet offering high security for crypto storage through offline private key management and Ledger Live app integration.
- Trezor: Open-source hardware wallet known for strong security and transparency, supporting a wide range of crypto assets.
- Exodus: User-friendly desktop and mobile wallet with multi-asset support, built-in exchange, and portfolio tracking features.
Wallets compared
| Wallets | Type | Open-source | Platform | Non-custodial |
|---|---|---|---|---|
| Xaman | Hot | ❌ | Android and iOS | ✅ |
| Trust Wallet | Hot | ❌ | Mobile and browser extension (4+) | ✅ |
| Ledger | Cold | ❌ | N/A | ✅ |
| Trezor | Cold | ✅ | N/A | ✅ |
| Exodus | Hot | ❌ | Mobile and desktop (3+) | ✅ |
It is important to keep in mind that XRP holders must maintain an account minimum to have a wallet. This is required by the XRP Ledger as a reserve to prevent spam and network abuse. It is typically 10 XRP but is subject to change.
How to choose the best platform to buy XRP
Many platforms offer similar services; however, you may also require some features that are exogenous to simply buying XRP. Here are some ways you can choose which platform is best for you.
Fees
Naturally, you want to use a platform that has low fees. Be sure to check which fees will apply to your actions on the platform. For instance, you may incur:
- Deposit fees (particularly by payment method)
- Withdrawal fees
- Trading fees
- Inactivity fees (rare)
While not directly related to fees, keep in mind that many exchanges have deposit and withdrawal minimums. These will vary by payment methods and are generally cheaper when you use crypto to deposit and withdraw.
Features
For XRP specifically, look for products and services around trading. Some of these might include derivatives, trading bots, or copy trading.
Security
You can think of security in terms of both platform security and consumer protection. Platform security typically means assets are safe (held in cold storage, proof of reserves, backed 1:1), and the application is safe (security certifications, proper access controls, internal processes).
Meanwhile, consumer protections refer to the safeguards in place for customers in the event of issues like exchange hacks, insolvency, withdrawal suspensions, or fraud. These protections may include legal recourse, reimbursement policies, or other mechanisms to help recover losses.
You can determine whether an exchange is legally safe but checking if it is regulated, has licenses, segregates assets, voluntarily creates any safety funds, utilizes crypto custodian services (that insure user’s funds).
XRP is ever popular in 2025
XRP is one of the most popular cryptocurrencies on the market. It has endured and overcome many stumbling blocks; which in itself is a bullish sentiment. If you are looking to buy XRP, make sure you do your research on which platform is best for you, as there is no one size fits all exchange.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always do your own research (DYOR).
Frequently asked questions
You can buy XRP on most centralized exchanges. Some of these include Binance, Bybit, Coinbase, Kraken, and OKX. Many of these platforms have geographical restrictions on who they can serve, so do your research before signing up.
XRP is the native token of the XRP Ledger (XRPL). It was created by Ripple Labs. XRP was originally named OpenCoin but rebranded in 2013.
XRP was initially created to be integrated with banking and financial institutions as a payments system. This would be facilitated by RippleNet. Although this use case never took off, it eventually became a medium for peer-to-peer payments.
Yes, it is legal to buy XRP in the U.S. Although the status of XRP was tied up in a SEC lawsuit and dropped from many exchanges, U.S. users were not restricted from purchasing it. Following the conclusion of the lawsuit, many U.S. exchanges began to relist XRP.
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