How to Buy Ripple with a Credit Card – Your Top 3 Options

Ripple provides a more efficient way for banks to conduct business. If the global fiat banking system adopts this new blockchain 2.0 technology, money transfers will become cheaper than ever before.

Digital exchanges that accept credit cards provide a quick and easy way to invest in the Ripple cryptocurrency. Read on to learn the basic facts about Ripple and find out which exchanges let you invest in XRP using your credit card.

How to Buy Ripple With a Credit Card

Listed below are three of the best digital currency exchanges that support both Ripple and credit card purchases: Changelly, CEX.IO and Bitstamp.


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Though Changelly’s base commission fee (0.5%) is quite high, there is no extra fee for using a credit card to buy XRP or any other digital currency through Changelly. Also, Changelly offers support for many other altcoins in addition to Ripple. Changelly recently partnered with London-based payment processor IndaCoin. Freewallet and many other highly rated digital currency services use IndaCoin to process credit card payments.


  • 0.5% commission fee
  • 0.000012 XRP network fee.

Getting started

Joining Changelly is a fairly straightforward process. The account setup page lets you use your social media accounts to plug in the basic information. Alternatively, you can use an email address to sign up.

Changelly SignUp 1
Source: CoinIQ

Once you’ve created an account, you’ll land on the trading interface depicted below. Click the drop-down box next to “you have” and select USD. Then, click the “you get” drop down and select XRP. The maximum amount of Ripple you can buy at one time is $200 USD.

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From here, the rest of the purchase process is straightforward. Just continue following the steps provided by the wizard to complete your Ripple purchase.

Read our in-depth Changelly review to find out more about Changelly’s reputation, customer support options, regulatory status, history and other important facts you should know about this exchange before signing up.

Related: Changelly Review: Quick and Easy Trades but No Advanced Trading


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CEX.IO in an advanced digital currency exchange that was designed with professional traders in mind. Like most advanced cryptocurrency exchanges, CEX.IO offers a variety of trading tools including limit order functionality, margin trading and a variety of real-time charts. In addition, CEX.IO gives fee discounts to high volume traders.


  • Transaction fees for XRP start at 0.25% taker / 0.16% maker. Fees change depending on your 30-day trading volume.
  • Visa cards: 3.5% + 25¢ for deposits, $3.80 for withdrawals
  • Master cards: 3.5% + 25¢ for deposits, 1.2% + $3.80 for withdrawals.

Getting started

CEX.IO lets you create an account with a variety of social media sites. If you don’t want to connect social media to CEX.IO, you can use your email address instead.

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Once you’ve created an account, you’ll land on the main page. If you scroll down a bit, you’ll see the Fiat Balance box. This shows you how much fiat money you currently have in your account. Click the blue deposit button to proceed to the payment screen.

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From here, you can add your credit card by clicking the blue “add a new card” button. Once your credit card is in the system, you will be able to deposit some funds.

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After you’ve funded your account, you’ll be able to buy XRP by clicking the Trade tab on the top of the page. Click the ETH/USD button to get a view of what’s going on in the market.

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When you’re ready to buy, scroll down until you see three tabs labeled Limit, Market and Margin trading. Select the tab that corresponds to the type of order you want to place, then click Place order.

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Before you get started with CEX.IO, you should know that it’s only available in a handful of US states. Read our full review to find out which US residents can CEX.IO and learn about how it links into the bitcoin mining system GHash.

Related: CEX.IO Review: Visa Credit Card Support, Limited US Availability


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Bitstamp is one of the largest digital currency exchanges in Europe, but it’s also available in most US states. Since Bitstamp expanded into the US, it has managed to secure licenses to operate in every state except New York, Hawaii, Wyoming and Washington. Its fee structure for credit card payments is very similar to CEX.IO.


  • Like CEX.IO, transaction fees vary depending on your trading volume. The base rate for all trading pairs is 0.25%.
  • Flat 5% fee for all credit card purchases on top of any fees that your credit card company applies.

Getting started

Creating a Bitstamp account is easy enough. However, you have to provide proof of ID if you want to place an order or transfer money into your account. Here’s a quick look at how to create a Bitstamp account and start the account verification process.

First, type in your first and last name and provide your email address and country. Then, click Register to proceed to the next step.

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After you log in, Bitstamp will prompt you to change your password.

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Without verification, you can’t do much on Bitstamp except adjust your account settings and look at various parts of Bitstamp’s interface.

Type in your personal information, upload your identifying documents and answer the KYC (Know Your Customer) questions. Then, press the Submit Verification Request button at the bottom of the page.

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The Tradeview interface lets you buy and sell Bitcoin.

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Read the full review linked below for an in-depth look at Bitstamp’s interface as well as important information about Bitstamp’s many different types of fees.

Related: Bitstamp Review: Trusted Exchange but Few Coins

How to Identify Illegitimate Exchanges

Over the past year, ads for many digital currency exchanges have begun to appear around the web. Here’s how to determine whether or not an exchange is legitimate.

Do your homework

Before you put your money into any digital exchange, you should attempt to find out who is behind it and learn whether or not it has ever been hacked. It’s a good idea to check Coindesk, CoinTelegraph and other reliable sources of cryptocurrency news as well.

Also: watch out for blogs. Some blogs– like this one, for example– reference only reliable sources and contain well-researched information. Others, however, are not as accurate.

Check this broker blacklist

Often, sketchy exchanges use search engine manipulation techniques, paid ads and other tactics to appear near the top of the search results. If you’ve stumbled across a digital currency exchange that seems to be legitimate, you may want to check Investing.com’s fraudulent broker blacklist before you sign up. Though the blacklist is by no means comprehensive, if the exchange you’re thinking about joining is listed there, steer clear of it.

What Is Ripple?

Ripple is a Blockchain 2.0 project that runs on computers owned by banks, remittance services, money transmitters and exchange houses. Its internal currency is XRP, otherwise known as “ripples.”

Unlike most cryptocurrencies, the Ripple network does not offer the chance for individuals to earn rewards through the process of mining transactions. Instead, the ledger of transactions is created by computers owned by large institutions.

Compared to Bitcoin, Ripple is much faster and requires much less computing power. It is designed to replace the inefficiencies in the mainstream banking system.

Federal Reserve chief economist David Andolfatto recently endorsed Ripple.

“Ripple is currency agnostic: It’s currently happy to let the U.S. Fed manage the U.S. dollar — with Ripple you’ll be able to send money across the globe with Federal Reserve-backed money.”

How does Ripple Work?

Most other digital currency networks use computationally-intensive systems for verifying transactions. Ripple, however, does not.

Large banks and money transmitters on the network can use XRP to conduct fast, cheap money transfers all over the world. Outside customers can go to any bank that uses Ripple and transfer money to any other bank that supports the Ripple network.

XRP acts as a tradable “IOU.” Once a Ripple transaction is written into the public ledger, Ripple banks can easily see where their money is going.

If all international banks adopted Ripple, there would be no need for payment processors, settlement agents, foreign-exchange banks, custodial service and automated clearing houses. These middlemen charge trillions of dollars in fees. The cost of the fees are then passed along to consumers.

A Brief History of Ripple

Jed McCaleb– the Bitcoin enthusiast that built and operated the Mt. Gox Bitcoin exchange before selling it to French developer Mark Karpelès– released Ripple in 2012 along with co-founders Arthur Britto and Chris Larsen.

The Ripple project quickly attracted big investors. Shortly after its release, investment firm Andreessen Horowitz and others contributed $6.5 million USD in venture capital funding.

Several small banks immediately saw Ripple’s potential and signed up to become Ripple gateways. Fidor Bank of Germany, CBW Bank and Cross River Bank were some of the first banks that joined the Ripple project.

By 2014, McCaleb didn’t like the direction Ripple was headed in and began butting heads with Ripple CEO Chris Larsen. According to McCaleb’s ex-wife MiSoon Burzlaff, their differences boiled down to irreconcilable personality conflicts. Jed was “the libertarian anarchist” and Larsen was “the dude at the country club.”

Eventually, McCaleb left the company and founded Stellar. Larsen stayed with Ripple until 2017, when he retired. Brad Garlinghouse took over as CEO in 2016.

Under Garlinghouse, Ripple has continued to grow. Today, XRP is the third largest cryptocurrency by value. In early 2018, the price of XRP climbed all the way to $4 USD amid a slew of new announcements and partnerships.

Controversies and Price Fluctuations

Critics of Ripple maintain that its founders have violated the original intentions of the Bitcoin’s anonymous creator Satoshi Nakamoto and other digital currency pioneers. Unlike the founders of other decentralized digital currencies, the creators of Ripple decided to make a private, for-profit company when they started the project.

The Bitcoin network, for example, doesn’t belong to anyone. Anybody can join the network and become Bitcoin miners. Ripple, however, is a closed system that’s designed to help banks and institutions save money.

Bitcoin enthusiasts on Reddit and other forums criticized founder Jed McCaleb because he quickly became wealthy after founding Ripple. In response to the criticism, McCaleb sold his XRP in 2014.

News of the impending sell-off caused Ripple to lose nearly half its value. After McCaleb announced the sell-off, the price of XRP dropped 40%.

RipplepricedropIn 2014, the price of XRP dropped to a fraction of a cent. Today, Ripple sells for around 0.5 USD. Source: CoinDesk.

Ripple continued to draw fire from cryptocurrency purists in 2015, when McCaleb once again allocated large amounts of Ripple to himself.

After discovering that McCaleb had once again taken ownership of XRP, Kraken CEO Jesse Powell announced his intention to resign from Ripple Labs’ board.

“As an investor, of course, I hope that Ripple Labs will overcome its hurdles and prove my lack of confidence misplaced. Unfortunately, unlike the founders, I don’t have swathes of XRP to dump if I don’t think it’s working out.”

In a post on Reddit, Powell wrote that McCaleb was willing to give up his XRP at the time. Ripple CEO Chris Larsen, however, wanted to keep his XRP– and he did. Early this year, Forbes estimated that Larsen’s net worth is approximately $37.3 billion dollars. McCaleb decided to hold onto his XRP as well, according to Investopedia.

In the same year, the New York Observer published a controversial exposé of the rocky relationship between Ripple and McCaleb’s new project Stellar.

Final Thoughts

For most people, Changelly is the best option for buying Ripple with a credit card. It’s available worldwide and sports an intuitive interface that beginner digital currency traders can easily understand. Even though Changelly’s fees are high in comparison to CEX.IO and Bitstamp, if you just want to buy Ripple and keep it for a long period of time, those fees may not be much of a factor. If you plan on making lots of transactions, though, it makes more sense to use CEX.IO or Bitstamp.

Alex Munkachy

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Please note that CoinIQ is reader-supported. When you sign up for products or services through links on CoinIQ, we may receive an affiliate commission.

We maintain strict editorial standards and our recommendations are in no way affected by these commissions.  We do not compromise on our critical approach for any product, service, person, or company.

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