Meme coins are volatile and risky assets that offer users the potential for great gains at low costs. XRP, following Solana and Base, is the next in line as a hotspot for meme coin trading. In this guide, you will learn how to buy XRP meme coins, where to go to find them, and how to stay safe when trading them.
KEY TAKEAWAYS
➤ Buying XRP meme coins requires setting up an XRP wallet, acquiring XRP, and using a decentralized exchange (DEX) like Magnetic or First Ledger.
➤ First Ledger and Magnetic are the primary platforms for trading XRP meme coins, with First Ledger specializing in meme coins and Magnetic offering broader support.
➤ Meme coins on XRP are highly volatile, with most experiencing short-lived price surges and rarely recovering after initial profit-taking.
➤ Traders should be cautious of phishing scams, liquidity grabs, and security risks associated with meme coin trading on XRP platforms.
How to buy meme coins on XRP
To buy XRP meme coins, in short you must:
- Download and create a wallet.
- Acquire XRP.
- Buy XRP meme coins on a supporting DEX.
Let’s take a look at each step in some detail.
1. Download an XRP wallet
Before you can buy any XRP meme coins, you will need to create a wallet to interact with exchanges and store your tokens. You can use any XRP wallet, but for this guide, we will use GemWallet as an example.
1. Download a wallet: Navigate to the official GemWallet website. Select Download to begin the installation.
2. Install the wallet: GemWallet is available on mobile and as a browser extension. We will continue with the browser extension for convenience.
3. Create a wallet: Select Create a new wallet to finish creating your XRP wallet. Follow the instructions and safely store your private keys.
On XRP, you must deposit some XRP to activate an account — this is the base reserve. This reserve requirement changes from time to time. You cannot send the base reserve, but you can recover some by deleting the account.
2. Acquire XRP
To buy any XRP meme coins, you will need some XRP to swap. Here is a brief overview of how you can acquire XRP coins to trade. We will use Kraken exchange for this example.
1. Choose an exchange: Select an exchange that you trust to purchase some XRP. You will need to register an account and download the app, if applicable.
2. Select XRP: Open the application and select XRP. On the Kraken app, XRP will appear on the home screen under the most popular tab — so you will not have to search for it. For other apps, you may have to look for a search tab to find XRP.
3. Select the amount of XRP: Once you have found XRP, select the amount you would like to purchase. Confirm your order to buy XRP.
Keep in mind that you must buy enough XRP to cover the amount of XRP meme coins that you want to buy, as well as any gas fees or transaction costs.
3. Buy XRP meme coins
There are several ways to purchase XRP meme coins. For this part of the guide, we will use the Magnetic exchange.
1. Find an exchange: In most cases, you will need to find an exchange where you can purchase XRP meme coins. Decentralized exchanges offer a way for users to launch and purchase tokens permissionlessly.
2. Connect your wallet: Use your XRP wallet to connect to the exchange.
3. Select a meme coin: If you already have an XRP meme coin in mind, this next step will be simple. Navigate to the swap tab and enter the token you would like to purchase. Select the amount you would like to purchase and create a Trustline with the token to complete your transaction.
Where to buy XRP meme coins
There are not yet many meme coin marketplaces on XRP, as it is a niche market. However, the top platforms at present are Magnetic and First Ledger — the latter being the most popular in March 2025. Here’s a quick comparison of the two main options.
| Features | First Ledger | Magnetic |
|---|---|---|
| Purpose | Specifically tailored for meme coins | A comprehensive DEX |
| Supported chains | Supports XRPL | Supports XRPL and XAHAU |
| Meme coin launchpad | ✅ | ✅ |
| Wallet integration | Social login | Web3 wallet authentication |
First Ledger
First Ledger is a trading platform on XRPL. It offers a streamlined user experience by allowing traders to create a wallet with an email or X account. It became popular with its Telegram integration, which allowed users to create wallets. However, this feature is currently unavailable due to a Telegram update.
When someone creates a meme coin on First Ledger, they must provide XRP for the First Ledger fee, account reserves, and liquidity for the liquidity pool, which First Ledger burns.
The more XRP the token creator burns, the more of their own token they receive, allowing for up to a 30% developer (dev) allocation.
Token creators have a week to collect the dev allocation of their tokens and are subsequently restricted from creating any new tokens after the launch.
Magnetic
Magnetic is a comprehensive platform for XRPL and XAHAU. It has DEX functionality for buying and selling tokens, farming capabilities, and a launchpad for meme coins — Memepad.
The Memepad is similar to Pump.fun in that it restricts the token launch process to help prevent rug pulls. Token creators must buy their own tokens and can only own 80% of the total supply of tokens they create. If you don’t have a token in mind, you can switch to the Memepad tab to find some.
How to stay safe trading XRP meme coins
To stay safe trading XRP meme coins, users should first understand that these assets are highly volatile. The majority of meme coins are unsuccessful in the long term. Most have short-lived bullish price runs, from which they rarely recover.
In other words, the majority of meme coin prices rise and fall quickly and almost never return to all-time highs. Therefore, you should always minimize your exposure to such markets.
Moreover, traders should remain aware of phishing scams that impersonate legitimate projects. This is common with meme coins in general and not necessarily indicative of tokens on XRP.
Lastly, you should consider the security of the platforms from which you purchase XRP meme coins. For example, while Magnetic restricts certain aspects of the token creation process, token creators can still purchase up to 80% of their own token’s supply. This could lead to a liquidity grab that is only marginally less extractive than an actual rug pull.
To learn more, check our complete guide on how to spot meme coin scams in 2025.
XRP meme coins are a niche market
Amidst the optimistic atmosphere surrounding XRP, it seems that yet another market for meme coin trading has emerged. Like many other ecosystems, trading meme coins on XRP is simple. Users need only to create a wallet, acquire XRP, and select an exchange to trade on.
The most popular venues for creating and buying XRP meme coins are First Ledger and Magnetic. However, traders should remain cognizant of the inherent risks of trading meme coins. Always remember to do your own research around these platforms and the assets you are buying, and never risk more than you can afford to lose.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Meme coins are highly volatile. Be wary of scams and always DYOR.
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