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Simple ways to Buy Ripple with PayPal

With the coronavirus wreaking havoc on the global economy, cryptocurrency has generally performed surprisingly well compared with many traditional safe havens assets like gold and silver.

XRP is the native token of the RippleNet global payments network, which has seen some bullish price action since July, with renewed interest in the market due to a declining US dollar and an explosion of interest in DeFi (Decentralised Finance). 

You may be asking yourself: how do I invest in Ripple XRP? Fortunately, XRP is widely as one of the top cryptocurrencies by market cap and is highly liquid. 

While not accepted everywhere, PayPal is a popular method for purchasing cryptocurrency, offering a combination of convenience and reasonable fees for bulk purchases.

Steps to Buy Ripple with PayPal

  1. Select a recommended broker or exchange, then click ‘sign up’
  2. Complete the KYC verification process
  3. Go to the ‘Deposit Funds’ you will be directed to the payments page
  4. Choose to pay with PayPal
  5. Select XRP and enter the amount you want to purchase

Advantages and Disadvantages of Buying Ripple with PayPal


More convenient than bank transfers
Lower fees than credit and debit cards
Usually an easy-to-use interface
Purchases are confirmed quickly
PayPal is secured with encryption
Fine for bulk purchases


Generally higher fees than bank transfers
Not really suited to repeated purchases
Not accepted by many exchanges

Buying Ripple with PayPal Fees

When purchasing Ripple XRP, you will need to decide what your preference is in terms of convenience, speed and cost.

PayPal and competing payment method providers like Skrill and Neteller offer some of the convenience of credit and debit cards with a more reasonable fee structure. 

PayPal transactions are almost as fast as credit cards, but bank transfers are still more economical if you will be making repeated transactions.

While there are no PayPal fees for purchases, you will encounter fees using PayPal when receiving payments or sending and receiving money internationally.

Merchants are charged by PayPal for receiving payments so this is often passed on to the customer in the form of convenience fees. 

For this reason it is important to check the fee structure of the broker or exchange before you use them.

Is Buying Ripple with PayPal the Best Method

Buying Ripple with PayPal is a method that will suit some buyers but not others. PayPal has advantages over methods like credit cards and debit cards due to being more cost effective.

If it is repeated transactions you are looking for, bank transfers are probably a better option. PayPal is a reasonable option for bulk cryptocurrency purchases as the fees remain the same for larger transactions.

If you wish to own XRP and store your coins in a Ripple wallet, you will need to buy XRP on an exchange or P2P marketplace. 

A decent middle of the road option, PayPal and similar payment providers have a decent mix of convenience and speed, with fewer fees than credit cards.


  1. Ripple Labs was founded in 2012 by Chris Larsen and Jed McCaleb.

  2. Cryptocurrencies are notoriously volatile. Many traders welcome this volatility and prefer to enter and exit trades rather than holding for the long term. Trading on a cryptocurrency exchange can be expensive with issues like slippage and blockchain fees eating into an investment after repeated trades. Brokerage platforms offer a solution to this problem, offering traders the ability to gain exposure to XRP with fewer fees on a platform more suited to active trading.

  3. Yes. Buying XRP for trading purposes via a broker is a fast and straightforward process. Just be aware you are exchanging CFDs (contract for difference) and you cannot take possession of the coins.

  4. Yes. If you buy XRP or any crypto on an exchange, it is always a good idea to get it off the exchange and into a wallet you control. You will need to withdraw your coins to a Ripple wallet or third party wallet that supports XRP.

  5. Yes. For most countries, XRP is legal to buy and use.

  6. PayPal has several fees associated with its financial services but purchase fees are thankfully not applicable. Unfortunately, you cannot buy XRP directly with PayPal, so you will have to go through an exchange or broker. In other words, you may be charged by the cryptocurrency platform for selecting PayPal as payment method.

  7. There are several risks you will need to consider when setting out to purchase XRP with PayPal. The main risk is in choosing a reputable exchange or broker to complete the transaction. If you are buying Bitcoin on an exchange, then there are risks associated with navigating the platform and safely securing your coins in an XRP wallet. PayPal itself has its own platform risk, being a target of hackers due to the amount of value transferred globally. However, leading edge encryption is employed to secure this value.

  8. At time of press, XRP is down 9% since the beginning of the year with an uptrend in price seen since last July. Many pundits are expecting XRP to continue its bullish momentum, with the US dollar apparently on the decline.

  9. Brokers typically have simpler interfaces than cryptocurrency exchanges as they don’t host the coins themselves. If you aren’t confident navigating a cryptocurrency exchange, brokers are a good option for gaining some exposure without having to create a wallet. Fortunately, most brokers and exchanges have a support team to help out.

  10. Ripple has the bold vision of becoming the default standard for payments worldwide. A kind of Amazon but for global remittance. XRP is one of the fastest and lowest cost cryptocurrencies aided by Ripple’s partnership with several leading financial institutions that have joined its RippleNET payment network. Transferring XRP globally currently represents a step change from traditional global remittance that is slow and expensive. XRP is not without competition from players like Stellar Lumens (XLM), but appears to have an advantage in terms of partners for now.


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Advantages and Disadvantages of Buying Ripple with PayPal