How to Buy Ripple (XRP) in the UK

How to Buy Ripple (XRP) Currency in the UK

Ripple (XRP) is one of the world’s most talked-about cryptocurrencies, known for its focus on fast and affordable cross-border payments. If you’re based in the UK and looking to buy XRP, it’s entirely possible—but there are a few things to know about exchanges, regulations and storage. This guide walks beginners through the process step by step.

What Is Ripple (XRP)?

Ripple is both a payment network (RippleNet) and a cryptocurrency (XRP). Unlike Bitcoin, which is decentralised and slow, Ripple is designed to facilitate near-instant money transfers between financial institutions. XRP is the digital token used to settle those transactions.

XRP is not mined like Bitcoin—instead, it was pre-mined, with a large portion still held by Ripple Labs. This has attracted both institutional interest and regulatory scrutiny.

Is Ripple Legal to Buy in the UK?

Yes, it’s legal for individuals in the UK to buy, hold and sell XRP. However, Ripple has faced regulatory challenges in the United States (mainly a legal battle with the SEC), which led to some platforms delisting it. UK users can still purchase it, but should choose platforms that support XRP trading and comply with FCA guidance on crypto.

Where to Buy XRP in the UK

You can buy Ripple through FCA-registered cryptocurrency exchanges or brokers that list XRP. Popular UK-accessible platforms include:

• eToro UK – Easy to use, FCA registered, supports XRP

• Binance – Global exchange, still accessible in the UK with limited fiat access

• Kraken – Regulated and user-friendly with GBP deposits

• Uphold – Popular with UK users, XRP available

• Bitstamp – EU-based exchange with GBP and XRP support

How to Buy XRP Step by Step

Step 1: Choose a Platform

Pick a trusted exchange or broker that:

• Supports GBP deposits

• Offers XRP trading

• Is registered with the UK’s FCA (or operates legally in the UK)

Step 2: Set Up an Account

• Register with your email and create a secure password

• Complete identity verification (ID, address, selfie) to comply with UK anti-money laundering rules

Step 3: Fund Your Account

• Most platforms accept GBP deposits via bank transfer, debit card or e-wallets

• Bank transfers often have lower fees

• Some brokers let you buy XRP directly with your card

Step 4: Buy Ripple (XRP)

• Find XRP in the platform’s list of cryptocurrencies

• Choose how much GBP you want to spend

• Review fees and confirm the purchase

Step 5: Store Your XRP

You can:

• Leave it on the exchange (convenient but less secure)

• Transfer it to a private crypto wallet (hardware or software) for better security

Popular wallets for storing XRP include Ledger, Trust Wallet, and Xumm Wallet (specifically for XRP).

Fees and Minimums

• Some platforms charge 1%–2% trading fees or spreads

• Withdrawal or network fees may apply

• Minimum purchase amounts vary—some as low as £10

Always review the total cost before buying.

Tax Implications in the UK

• Buying XRP isn’t taxed, but capital gains tax (CGT) may apply when you sell it for a profit

• Keep records of purchase dates, amounts and prices

• HMRC treats crypto as a digital asset, not a currency

Consider speaking to an accountant or using crypto tax software if you’re trading frequently.

FAQs

Can I buy Ripple with cash in the UK?
Not directly. You’ll need to deposit GBP into an exchange, then convert it into XRP.

Is Ripple a good investment?
That depends on your risk tolerance. Ripple has real-world use cases but has faced legal and regulatory challenges. Like all cryptocurrencies, XRP is volatile and speculative.

Is XRP supported by all exchanges?
No. Some exchanges, particularly US-based ones, delisted XRP due to its legal status. Always check before signing up.

Can I withdraw XRP to my bank account?
Not directly. You’ll need to sell XRP for GBP first, then withdraw the cash.