Do not invest unless you are prepared to lose all the money you invest. Cryptoassets are high-risk investments, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Additionally, capital gains tax may apply to profits from cryptocurrency sales.

How to Buy XRP in the UK

Updated On: Feb 22, 2024
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How to Buy XRP UK

Contents:

How to Buy XRP in the UK

To buy XRP in the UK, you’ll need to:

  1. Create an account with a crypto exchange, such as eToro or Coinbase. A crypto exchange allows you to buy, sell, hold, and gift many kinds of cryptocurrencies, including popular coins like XRP, Bitcoin, Ethereum, USD Coin, Solana, and Dogecoin. Scroll down to see a list of crypto exchanges where you can buy and sell XRP in the UK. To create an account with a crypto exchange, you’ll need to sign up via a web portal or mobile app. You should have a valid ID (National Insurance number, driving licence, or passport) and payment method to hand.
  2. Fund your account with GBP using your debit card or via bank transfer. Next, deposit funds into your exchange account using GBP. Most platforms support funding via debit card, bank transfer, or a new technology called Open Banking—a secure and innovative way to manage online payments.

  3. Research XRP and other cryptocurrencies. Before buying any cryptocurrency, including XRP, it is important to carry out thorough research. You’d want to consider factors such as market capitalisation and liquidity, technology and innovation, team and community, use case and adoption, and security and transparency.
  4. Choose and configure an XRP wallet, such as eToro Money Wallet or Uphold Wallet. Wallets are extremely important as they help you store your XRP and other crypto holdings. Storing your cryptocurrencies in a wallet instead of a crypto exchange is better because wallets are typically independent of exchanges. If the exchange goes bust, for example, you can rest assured that your money is safe on the blockchain and separated from the crypto exchange. Examples of XRP wallets include eToro Money Wallet and Uphold Wallet. These wallets offer independence from exchanges and safeguard your cryptocurrencies directly on the blockchain.
  5. Buy XRP with GBP using the crypto exchange’s web or mobile app. Once you’ve created an account with a crypto exchange and configured your wallet, you are now ready to buy XRP. Simply navigate to the trading section of your preferred crypto exchange and buy some XRP tokens.
  6. Transfer your XRP to your wallet for safekeeping. Once you’ve completed your purchase, transfer your XRP to a secure wallet for safekeeping. This step is essential for long-term storage and protection of your investment. Should you decide to sell or trade your XRP in the future or convert it back to GBP, you can easily transfer it back to the exchange.

Where to Buy XRP

We’ve compiled a list of the best places to buy XRP in the UK. These are crypto exchanges, wallets, apps, and websites where you can buy XRP, Bitcoin, Ethereum, Solana, Cardano, and other cryptocurrencies in the UK.

Please remember that cryptoassets, such as XRP, are highly volatile, unregulated investment products with no UK or EU investor protection. You could lose all the money you put into them. Additionally, capital gains tax may apply to profits from cryptocurrency sales.

Here are the best places to buy XRP in the UK:


eToro - Good for beginners and experts; 70+ Cryptocurrencies

eToro Logo
Minimum Deposit
US$100 (£80)
Trading Fees
1%
Withdrawal Fees
US$5 (£4)
FX Fees
Yes
FCA Registered
Yes

eToro is a multi-asset trading platform that enables you to trade or invest in cryptocurrencies, NFTs, stocks, ETFs, commodities, forex, and indices, directly or via contracts for difference (CFDs). With eToro, you can trade over 70 “real” cryptocurrencies, including popular coins like Bitcoin, Ethereum, XRP, Binance Coin (BNB) and Dogecoin.

Crypto trading on eToro is suitable for both beginners and advanced traders. Beginners can benefit from the educational materials, user-friendly desktop and mobile apps and copy trading tools (which allow you to copy the trades of top-performing crypto traders on the eToro platform). Advanced traders can take advantage of the superior charting and analytics tools, staking service, social trading feature, and real-time crypto market news and insights. You can also benefit from eToro’s risk management tools, such as Stop Loss, Take Profit and Trailing Stop Loss, to better manage your positions, protect your investments and secure your profits. Stop Loss and Take Profit are not guaranteed.

It is entirely free to open an account with eToro, and all registered users receive a US$100,000 demo account for free, which you can use to practise buying crypto and other assets before committing real money. eToro does not charge a deposit fee but charges a 1% trading fee on all crypto positions. Trading on eToro occurs in USD, so a conversion fee will apply if you deposit or withdraw in a currency other than USD. Withdrawals incur a fee of US$5 (£4), and the minimum withdrawal amount is US$30 (£24). For UK customers, eToro offers an eToro Money app which allows you to convert your GBP to USD free of charge, thereby reducing your foreign exchange costs. The app also functions as a crypto wallet for storing your crypto holdings and allows for easy transfer of your cryptocurrency from one exchange or wallet to another.

Please note: Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Additionally, 80 - 90% of retail investor accounts lose money when trading CFDs with this provider. Copy Trading does not amount to investment advice.

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Coinbase - Beginner friendly; Crypto card; 240+ Cryptoassets

Coinbase logo
Minimum Deposit
£0
Trading Fees (Maker/Taker)
0.40% - 0.00% /
0.60% - 0.05%
Withdrawal Fees
No
FX Fees
No
FCA Registered
Yes

Coinbase is a cryptocurrency exchange that allows you to buy, sell and hold cryptocurrencies, NFTs, and other DeFi products and keep track of them in one place. With Coinbase, you have over 240 cryptocurrencies to choose from, including popular coins and tokens like Bitcoin, Ethereum, USD Coin, Tether, Dogecoin and Polygon. You can also trade new or rare coins that may not be available on other crypto exchanges. New cryptocurrencies are added to the Coinbase exchange as frequently as every few days.

Coinbase also gives you access to a self-custody crypto wallet where you can store all your crypto and NFTs in one place. The Coinbase Wallet also supports hundreds of thousands of tokens and dApps, and users can use DeFi liquidity pools to supply or borrow crypto and swap assets on decentralised exchanges. Coinbase offers a crypto card powered by an FCA-licensed e-money institution. With the Coinbase card, you can spend crypto like cash anywhere Visa cards are accepted. If you are interested in learning about how specific cryptocurrencies work, you can take advantage of Coinbase’s earn feature, which rewards you with a tiny bit of crypto for completing online courses on cryptocurrencies. The Coinbase desktop and mobile apps are beautifully designed, easy to use and offer a range of products suitable for beginners, advanced crypto traders and businesses.

There are multiple fees involved when trading crypto on Coinbase. Fees are calculated at the time you place your order and may be determined by a combination of factors, including the selected payment method, the size of the order, and market conditions such as volatility and liquidity. For basic trading, fees will be listed in the trade preview screen before you submit your transaction and may differ for similar transactions. For advanced trading, Coinbase charges a Maker fee ranging from 0.40% to 0.00% and a Taker fee ranging from 0.60% to 0.05%, depending on the size of your order. The larger the order size, the smaller the fee on a percentage basis. Coinbase also offers commission-free USDC trading.

Please note: Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Cryptoassets are not regulated by the FCA and are not subject to protection under the FSCS or within the scope of jurisdiction of the Financial Ombudsman Service. Capital gains tax may apply to profits from cryptocurrency sales.

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CoinJar - Ready-made crypto portfolios; 50+ Cryptocurrencies

CoinJar logo
Minimum Deposit
£10
Trading Fees (Maker/Taker)
0.10% - 0.00% /
1%
Withdrawal Fees
No
FX Fees
No
FCA Registered
Yes

CoinJar is a cryptocurrency app and exchange based in the UK and Australia. With CoinJar, you can trade or invest in 50+ cryptocurrencies, including popular coins such as Bitcoin, Ethereum, XRP, USD Coin, Dogecoin and Shiba Inu Coin. The CoinJar app, which doubles as a crypto wallet, allows you to buy, sell, hold, spend and transfer cryptocurrencies securely on your desktop, iOS or Android device. The CoinJar card lets you make purchases with your crypto, online and in-store, anywhere Mastercard is accepted. It is free to activate the CoinJar card, and there are no monthly fees for using it. When paying with the card, your crypto is automatically converted to fiat currency using CoinJar’s best rates at the time of the transaction. You can choose to have a virtual or physical card or both. The CoinJar card is fully integrated with Google Pay, so Android users can spend crypto instantly and securely with any device.

CoinJar has a unique feature called a Crypto Bundle. A Crypto Bundle is a themed basket of cryptocurrencies, similar to a crypto index fund, crypto ETF or a ready-made stock portfolio. For example, you can buy a CoinJar Universe bundle, which is a portfolio of all the cryptocurrencies available on CoinJar. One investment into such a bundle means you have invested in every cryptocurrency available on CoinJar with just a click of a button. Crypto Bundles can either be proportional, where the weight of each cryptocurrency in a bundle is equal or cap-allocated, where the weights are allocated based on market cap performance.

CoinJar is suitable for both beginners and advanced traders. Beginners can take advantage of the easy-to-use app and ready-made crypto portfolios, while advanced and professional traders can take advantage of CoinJar’s institutional-grade crypto solutions, such as the CoinJar OTC, with razor-thin spreads and globally sourced liquidity. The minimum deposit to open an account with CoinJar is £10. Deposits are made in GBP, so FX fees do not apply. There is a trading fee of 1% on the CoinJar mobile app and website. The CoinJar Exchange (for market orders and aggressive limit orders) charges 0.00% for Taker orders and 0.10% - 0.04% for Maker orders (limit orders).

Please note: Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Cryptoassets are not regulated by the FCA and are not subject to protection under the FSCS or within the scope of jurisdiction of the Financial Ombudsman Service. Capital gains tax may apply to profits from cryptocurrency sales.

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Uphold - Crypto card; Cheap forex rates; 250+ Cryptoassets

Uphold Logo
Minimum Deposit
US$1 (£0.80)
Trading Fees
0.90% - 1.20%
Withdrawal Fee
US$3.99 (£3.22)
FX Fees
Yes
FCA Registered
Yes

Uphold is a beginner-friendly cryptocurrency exchange that allows you to buy and sell over 250 cryptocurrencies, including majors, altcoins and emerging tokens such as Bitcoin, Ethereum, XRP, Dogecoin, Polkadot, ApeCoin, PancakeSwap and Audius. Users can also buy and sell up to 3 national currencies, including GBP, EUR and USD and enjoy competitive forex rates. Uphold offers a free virtual crypto card that allows you to spend your crypto anywhere a Mastercard is accepted. With the Uphold crypto card, you receive up to 1% cashback on your card transactions paid to you in GBP. The card has no transaction fees when spending locally or internationally and can be easily linked to Apple Pay or Google Pay.

As an Uphold customer, you can earn staking rewards when you put your digital assets to work. Currently, customers can earn up to 13% APY. Please keep in mind that staking rates are variable and may change at Uphold’s discretion. Uphold offers crypto wallets for up to seven cryptocurrencies and crypto networks. Customers can store their crypto in the Uphold Bitcoin Wallet, Ethereum Wallet, XRP Wallet and many more. With Uphold, you can schedule regular transactions using AutoPilot, which allows you to set up recurring buy or sell orders and reduce the impact of price volatility. As an Uphold customer, you can also take advantage of the limit order feature, which allows you to buy or sell a cryptocurrency at a specified price. Customers can place up to 50 limit orders using one pool of capital.

There are multiple fees involved when trading crypto on Uphold. The most important fees to look out for are trading fees, FX fees, and market spreads. In the UK, US and Europe, Uphold charges a market spread ranging from 0.9% to 1.2% on BTC and ETH. Spreads can be significantly higher for low-liquidity cryptos and tokens such as XRP, ZIL, OXT, UPT, DOGE and others. You will be able to see the total cost of your trade before you place the trade. Uphold charges a withdrawal fee of $3.99 for bank transfers and $2.99 for crypto transfers. Visit Uphold to learn more.

Please note: Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Cryptoassets are not regulated by the FCA and are not subject to protection under the FSCS or within the scope of jurisdiction of the Financial Ombudsman Service. Capital gains tax may apply to profits from cryptocurrency sales.

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Kraken - Low cost; Staking rewards; 200+ Cryptocurrencies

Kraken logo
Minimum Deposit
US$10 (£8)
Trading Fees (Maker/Taker)
0.20% - 0.00% /
0.26% - 0.001%
Withdrawal Fees
Yes
FX Fees
Yes
FCA Registered
Yes

Kraken is a crypto exchange that allows you to trade and invest in over 200 cryptocurrencies, including Bitcoin, Ethereum, Tether, XRP, USD Coin, and Litecoin. The platform is robust and will accommodate the needs of both beginners and experienced crypto traders. Beginners or newbie crypto traders can benefit from Kraken’s slick and easy-to-navigate mobile apps, wide range of educational materials, and 24/7 customer support. Advanced traders can take advantage of Kraken Pro, which provides access to spot, margin, futures trading, and staking in an all-in-one powerful interface that boasts low spreads and deep liquidity across markets. Advanced traders can also benefit from Kraken’s risk management tools, including Limit, Market, and Advanced (Stop Loss and Take Profit) Orders, to better manage positions, protect investments and secure profits.

Kraken allows you to earn staking rewards when you put your cryptocurrencies to work. Currently, customers can earn up to 24% in rewards annually by staking digital assets with Kraken. Please keep in mind that this rate is subject to change and compliance with Kraken’s terms and conditions. Additionally, to help customers feel more secure about trading on Kraken, the platform regularly publishes its proof of reserves audits, making it easy for customers to verify that the balances they hold are backed by real assets.

It is entirely free to open an account with Kraken. However, your first trade must be worth at least US$10 (£8). Kraken charges multiple fees depending on the assets you buy and how you choose to trade: If you trade via the mobile app using the basic features, a Maker fee ranging from 0.20% to 0.00% and a Taker fee ranging from 0.26% to 0.001% will apply, depending on the type and size of your order. The larger the order size, the smaller the fee on a percentage basis and vice versa. Other fees such as withdrawal, FX, and instant buy fees may apply.

Please note:
Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take two minutes to learn more. Cryptoassets are not regulated by the FCA and are not subject to protection under the FSCS or within the scope of jurisdiction of the Financial Ombudsman Service. Capital gains tax may apply to profits from cryptocurrency sales.

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What Is the Current Price of XRP?

The current price of XRP is £0.43 (at the time of writing). You can find the live price of XRP on TradingView at any time.

What Is XRP?

XRP is the native cryptocurrency of Ripple, a blockchain payment system created in 2012 by Ripple Labs Inc. It facilitates cross-border transactions at a speed and throughput that is orders of magnitude faster than Bitcoin or Ethereum. For context, transaction speeds can be as fast as 60 minutes with Bitcoin, 10 minutes with Litecoin, 2 minutes with Ethereum and 0.07 minutes with XRP. 

XRP proposes a cheaper, more efficient alternative to SWIFT to process international transactions. 

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is a global messaging network that banks and other financial institutions use to quickly, accurately, and securely send and receive information, such as money transfer instructions. SWIFT currently has more than 11,000 member institutions globally.

XRP proposes to do SWIFT’s job cheaper, more efficiently and in an eco-friendly manner. The XRP Ledger settles XRP transactions instantly without the energy costs associated with proof of work (or mining), as is the case with Bitcoin, Ethereum and many other cryptocurrency blockchains.

‍XRP currently has over 300 financial institutions on RippleNet and consistently handles 1,500 transactions per second, 24 hours a day, and can scale to handle the same throughput as Visa. It also recently won a lawsuit against the US Securities and Exchange Commission (SEC).

Who Created XRP?

XRP was created by Ripple Labs Inc.

Ripple Labs Inc. was founded in 2012 by Chris Larsen and Jed McCaleb and is based in San Francisco, California, USA.

What Is the XRP Blockchain?

The XRP blockchain, called the XRP ledger, is an open-source, permissionless and decentralised blockchain technology that can settle transactions in 3 - 5 seconds.

Unlike other blockchains that use proof of work or proof of stake verification mechanisms to settle transactions on the blockchain, the XRP ledger uses a protocol called Consensus, which is a more centralised and efficient solution to reduce transaction processing times and costs. The ledger reaches consensus on all outstanding transactions every 3 - 5 seconds, much faster than SWIFT, Bitcoin or Ethereum.

The XRP ledger is maintained by independent participants of a global “XRP Community,” of which Ripple is an active member.


Is XRP Safe?

All cryptocurrencies carry a certain amount of risk, and XRP is no different. Although XRP uses cryptographic technology, which makes it more secure than standard debit or credit card transactions, there are still some risks involved. For example, you could lose all your money if the value of XRP drops to zero, you lose access to your wallet, or you are a victim of a scam or fraud. Additionally, very few exchanges allow you to trade XRP, so it might be difficult to exchange or convert it to cash.

What Makes XRP Unique?

The following characteristics make XRP unique:

  1. Speed.
  2. Enterprise use cases.
  3. Sustainable and eco-friendly.


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