How to Buy Ripple (XRP) in the UK | Step-by-Step Guide for 24-25

1. Select a Cryptocurrency Exchange

Binance: It is considered as one of the biggest exchange houses around the world, it only deals with XRP and other cryptocurrencies.
Kraken: An exchange that is US-based and allows the residents of the UK to trade XRP.
eToro: A platform which is not only used for cryptocurrency trading but also for trading commodities and stocks.
Coinbase: It is extremely easy to use, but there is no guarantee that the company will release any quantity of XRP. This platform is well-recognized in the UK. They have XRP and other cryptocurrencies as well.

Open an account for your selected exchange.

You will require: Full name, email, and password.
Documents that are accepted as proof of your identity and address (Like a passport or a driver’s license) to meet the KYC requirements in the UK.

After completing your account opening, you have to deposit money in your account to buy Ripple in the UK. This can only be done with:

Bank transfers: A fast and free methodology for monetary transactions.
Credit/Debit card payments: The quickest way to make a deposit is with a debit or credit card, but you will have to pay higher transfer fees.
PayPal: If using one of the supported exchanges (eToro) you can pay by using PayPal.

After putting the money into the account, your next move should be:

Navigate to the trading section and choose the Ripple (XRP) category.
Specify either the amount you want to buy in GBP or the exact XRP amount to be bought.
Click the execute button to purchase.

Upon buying the XRP, it is advised that you decide where to store it:

Exchange wallet: You can keep your currency in here so that it is easily accessible yet not as secure as a private wallet.
Private wallet: I would rather suggest you to use a hardware wallet (eg: Ledger or Trezor) or a software wallet for better security.