All eyes in the crypto community are on XRP this year because of the ongoing legal proceedings of Ripple lawsuit. Ripple had a partial win in July, 2023 when the Judge ruled that XRP is not a security when sold to retail investors on crypto exchange platforms. As a result, the XRP price rose by more than 60% in one day.

If you are also looking to benefit from the upcoming price surges of XRP, buying it at a low price can be a good option. And, one of the best exchange platforms to buy XRP is Coinbase. We will help you on how to buy XRP on Coinbase with the present article.

How to Buy XRP on Coinbase? Step-by-Step Process

Step 1: Create a Coinbase Account

You must have an account on Coinbase exchange before buying XRP on the platform. You can either sign up on Coinbase website or download Coinbase mobile application to register. If you are an experienced trader, you can use Coinbase Pro to access all the advanced features along with buying XRP tokens.

After registering, you need to verify your account by uploading identity cards and address proofs. This is a crucial step to avoid getting in trouble and to comply with the KYC and AML guidelines. Verification process may take from a few minutes to a few hours on Coinbase.

Step 2: Add a Payment Method

You need to have funds in your account to buy XRP on Coinbase, for which you need to add a payment method to your account. On the Coinbase exchange platform, go to the payment method box and select your preferred payment method, among the supported payment methods – band accounts, credit/debit cards, or wire transfer.

Step 3: Search XRP from the List of Assets

The next step is to search for XRP on Coinbase to proceed with the buying process. In case you are using Coinbase website, select Buy & Sell option, and search for XRP on the panel. Or if you are using its mobile application, click on the “Buy” option and search for XRP on the search bar.

Step 4: Enter the Purchase Details

After searching and tapping on XRP, you need to enter the amount you would like to spend buying XRP coins. The page on your screen will automatically show how many XRP coins you will get for the amount you entered. You can adjust the amount based on how many coins you prefer to purchase.

Step 5: Buy XRP on Coinbase

After entering all the details, click on “Preview Buy” and cross-verify all the payment details. Only when you make sure that all the details are correct, click on “Buy Now” and confirm the transaction. You will be shown a confirmation screen and receive the purchased tokens once the order gets processed. The number of XRP tokens you received will be displayed on your account.

Conclusion

XRP tokens witnessed price surges multiple times after having small wins against the US SEC. The whole industry is awaiting its final verdict and it has its next hearing in 2024. You can follow the Ripple Vs SEC news on CoinGape to get recent updates. So far, XRP has proven to be a good investment and will significantly rise in value if the verdict comes in favor of Ripple. Meanwhile, you can buy XRP on Coinbase within a few simple steps, with the help of the present article.

Frequently Asked Questions (FAQs)