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How To Buy XRP In The US

Last Updated November 29, 2023 8:56 AM
Andrew Kamsky
Last Updated November 29, 2023 8:56 AM

Key Takeaways

  • XRP distinguishes itself in the cryptocurrency market with its rapid transaction speeds, low fees, and impressive scalability.
  • Buying XRP in the US is complicated by SEC litigation and regulatory uncertainties, making it more challenging than purchasing other cryptocurrencies.
  • While XRP’s significant market capitalization reflects investor confidence, its value remains vulnerable to the outcomes of legal proceedings with the SEC.
  • To buy XRP in the US, one should choose a compliant exchange, create an account, deposit funds, purchase XRP, and then securely store it in a private wallet.

Before diving into the purchasing process, it’s essential to understand what XRP is and how it operates. XRP is the cryptocurrency used on the Ripple network, a digital payment platform that facilitates faster and cheaper international transactions than traditional banking systems. 

Unlike Bitcoin, which is mined, XRP was pre-mined, meaning all tokens were created at once by Ripple Labs, the company behind XRP.

Key Features Of XRP

XRP stands out in the cryptocurrency market for several key reasons. Firstly, it is renowned for its fast transaction speeds, with confirmations typically occurring within 4 to 5 seconds. This rapid processing time significantly outpaces many other digital currencies. 

Additionally, XRP offers the advantage of low transaction fees. The minimal cost per transaction makes it an ideal choice for micro-transactions, appealing to a broad range of users and applications. 

Another notable feature of XRP is its scalability. XRP can handle many transactions per second, a rate surpassing many of its competitors. This scalability enhances its efficiency and contributes to its growing popularity as a digital currency suited for various financial operations, from individual transfers to large-scale corporate uses.

Ripple Vs. SEC Lawsuit

In the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple, in 2023, when U.S. District Judge Analisa Torres granted Ripple a partial victory in July, ruling that sales of XRP on public exchanges did not constitute unregistered securities offerings. 

However, she also ruled in favor of the SEC to some extent, stating that Ripple’s sales of XRP to hedge funds and sophisticated buyers violated securities laws. This ruling follows the SEC’s 2020 accusation of Ripple conducting a $1.3 billion securities fraud through XRP sales.

The case has seen developments, including the SEC dropping securities law violation charges against Ripple executives and moving into a remedies discovery phase. Ripple CEO Brad Garlinghouse criticizes the SEC’s approach, advocating for clear federal laws governing digital currencies instead of regulation through litigation.

The U.S. Ripple, known for its cross-border payment solutions using blockchain and XRP, argues that XRP should be treated as a currency or commodity, not a security, to avoid burdensome regulatory requirements.

Why Is It So Hard To Buy XRP In The US?

Purchasing XRP in the US is not as straightforward as buying other cryptocurrencies due to several reasons:

SEC Lawsuit

Ripple Labs has been in a legal battle with the U.S. SEC, since 2020, where the SEC filed a lawsuit alleging that XRP is a security and not a currency, however, in July 2023, rulings by a US judge found that sales of XRP on public exchanges did not constitute unregistered securities offerings. Yet the lawsuit had led to many US-based exchanges delisting XRP over the last three years. 

Compliance Issues

Exchanges are cautious about listing XRP due to the ongoing legal uncertainties Ripple has faced with the SEC, making XRP less accessible to US investors. The SEC has since sued BNB and Coinbase, accusing them of operating unregistered securities exchanges and offering unregistered securities, including digital tokens and staking services. 

Market Volatility

XRP, like other cryptocurrencies, is subject to high market volatility. This volatility can deter some exchanges and investors from dealing with XRP.

Is XRP A Worthwhile Investment?

Before making any investment, including in XRP, it’s crucial to conduct comprehensive research to determine if it aligns with the investment objectives of the individual. 

Ultimately, the choice to invest in XRP should be grounded in the individual investment strategy, financial circumstances, and personal preferences. 

Consider these important points before deciding whether to invest in XRP:

  • Cost effectiveness: XRP is a cost-effective cryptocurrency with a relatively high market capitalization, suggesting a level of investor confidence.
  • Altcoin with history: As a prominent alternative coin, XRP has maintained a history of success, notwithstanding its ongoing legal issues with the SEC.
  • Product offering: XRP was designed to facilitate real-time global payments, providing fast, low-cost international money transfers.

Steps To Buy XRP In The US

Despite these challenges, purchasing XRP in the US is still possible. Here’s a step-by-step guide:

Choose A Compatible Exchange

Not all exchanges offer XRP due to the reasons mentioned above. Research and select an exchange that lists XRP and complies with US regulations.

Create And Verify The Account

Sign up for an account on the chosen exchange. Complete the necessary KYC (Know Your Customer) process, which may include providing identification and proof of address.

Deposit Funds

Deposit USD or other cryptocurrencies into the investors exchange account. This can typically be done via bank transfer, credit/debit card, or even PayPal on some platforms.

Purchase XRP

Once the account is funded, individuals can buy XRP via a buy order at market price or a set limit price.

Select Secure Storage

Transferring purchased XRP to a non-custodial wallet can enhance security, particularly for those intending to hold the cryptocurrency over an extended period. This approach provides the individual with direct control over their digital assets, without relying on third-party services.

US Exchanges for Buying XRP

Here are some exchanges where US residents can potentially buy XRP:


Known for its transparency and ease of use, Uphold allows users to buy, hold, and convert XRP among various other assets.


A US-based exchange that offers a wide range of cryptocurrencies, including XRP. It is known for its security and user-friendly interface.


The US arm of Binance, the world’s largest cryptocurrency exchange, offers XRP trading with some restrictions. It is important to note that the investor should be made aware that the SEC has filed charges against Binance and its founder, alleging the operation of unregistered securities exchanges, misleading investors about controls and operations. 

Investors using Binance.US should be aware of these regulatory challenges, as they indicate potential legal and financial risks associated with the platform, including the possibility of future restrictions or changes in operations due to ongoing legal proceedings.


While not based in the US, KuCoin allows US investors to trade XRP. However, do note the regulatory risks involved for US investors trading XRP on KuCoin, or any non-US-based exchange, with the potential for future enforcement actions by US regulatory bodies, such as the SEC. This could lead to the delisting of certain assets, imposition of fines, or even the barring of the exchange from serving US customers


Buying XRP in the US requires more effort due to regulatory challenges and market volatility. However, by understanding the nature of XRP, being aware of the legal landscape, and following the steps outlined above, the individual may navigate the process more efficiently. 

Always remember to conduct thorough research and consider the risks involved in cryptocurrency investments. As the legal situation evolves, staying updated on the latest developments regarding XRP and its availability in the US market is also essential.


What makes XRP unique compared to other cryptocurrencies?

XRP stands out for its rapid transaction speeds, typically confirmed within 4-5 seconds, low transaction fees, and high scalability, handling many transactions per second.

Why is buying XRP in the US more challenging than other cryptocurrencies?

The difficulty arises from the SEC lawsuit against Ripple Labs, alleging XRP is a security, not a currency, leading to delisting on many US exchanges and compliance concerns.

Is XRP a good investment considering the current market and legal challenges?

XRP’s affordability and high market cap suggest investor confidence, but its value could be significantly impacted by the SEC’s ongoing lawsuit against Ripple.

What are the steps to buy XRP in the US?

To buy XRP in the US, the individual should choose a compatible exchange, create and verify the account, deposit funds, purchase XRP, and securely transfer it to a private wallet.


Purchasing XRP in the United States may be subject to regulatory considerations and fluctuations in cryptocurrency markets. Please conduct thorough research and seek professional advice before engaging in any transactions.

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