URL: https://exchangesteps.com/how-to-buy-xrp Updated: 2026-11-11 Sources: https://xrpl.org/docs/concepts/transactions/source-and-destination-tags , https://xrpl.org/docs/concepts/accounts/reserves , https://www.binance.com/en/support/faq/how-to-withdraw-crypto-from-binance-115003670492 , https://www.binance.com/en/support/faq/how-to-retrieve-crypto-deposit-with-wrong-or-missing-tag-memo-40b87335db904481888ef406b105442b , https://www.mexc.com/support/articles/15441726005529 , https://www.binance.com/ar/support/faq/how-to-use-binance-convert-e8c7579382ea403aa4a4a6eec469659d , https://ripple.com/how-to-identify-crypto-scams/ , https://www.binance.com/en/trade/XRP_USDT , https://www.okx.com/trade-spot/xrp-usdt , https://www.bybit.com/en/trade/spot/XRP/USDT , https://www.bitget.com/spot/XRPUSDT , https://www.kucoin.com/trade/XRP-USDT , https://www.mexc.com/exchange/XRP_USDT # How to Buy XRP > **Quick answer** > To buy XRP: **(1)** open an account on an exchange that lists it and verify it, **(2)** buy **USDT on P2P** in your local currency, **(3)** convert the USDT to XRP with **[Convert]** or on the **XRP/USDT** spot pair. If you then send XRP to another exchange, **copy the destination tag (memo) together with the address**. Without it, the deposit may never reach your account. > > **[Open Binance and buy XRP →]** > > **Right after you sign up:** verify your account and have your ID card or passport ready. The steps are here: [Binance identity verification](https://exchangesteps.com/binance-identity-verification). | | | |---|---| | **Easiest route** | P2P → USDT → XRP | | **Spot pair** | XRP/USDT | | **The one thing to get right when withdrawing** | Address + tag, together | | **New personal wallet** | Needs a **1 XRP** reserve that stays locked | Every coin and its network in one table: [how to buy crypto](https://exchangesteps.com/how-to-buy-crypto) ## Where can you buy XRP? On 20 October 2026 we checked the official market data of every exchange we cover. All six have a live XRP/USDT spot pair: | Exchange | XRP/USDT | Note | |---|---|---| | **Binance** | Live | **[Open an account]** · P2P in most local currencies | | **OKX** | Live | **[Open an account]** · needs both email and phone | | **Bybit** | Live | **[Open an account]** | | **Bitget** | Live | **[Open an account]** · not available in some countries | | **KuCoin** | Live | **[Open an account]** · eligibility by residence only | | **MEXC** | Live | **[Open an account]** | Check the exchange accepts residents of your country before you sign up: [Compare exchanges](https://exchangesteps.com/compare-exchanges). ## Step 1: Create and verify your account Sign up through the link, then complete identity verification. Without it you can't buy USDT on P2P. Guides: [Create a Binance account](https://exchangesteps.com/how-to-create-binance-account) · [Verify your Binance account](https://exchangesteps.com/binance-identity-verification). ## Step 2: Buy USDT in your local currency In most countries the practical route isn't buying XRP with your currency directly. You buy **USDT** first on P2P, paying by bank transfer or a local e-wallet, then swap it. Full guides: [How to buy USDT](https://exchangesteps.com/how-to-buy-usdt) · [Buy USDT on Binance P2P](https://exchangesteps.com/how-to-buy-usdt-on-binance-p2p). For the other ways to fund your account (card, or a crypto deposit from another wallet): [how to deposit on Binance](https://exchangesteps.com/how-to-deposit-on-binance). Country guides with local payment methods: [Egypt](https://exchangesteps.com/buy-usdt-in-egypt) · [Saudi Arabia](https://exchangesteps.com/buy-usdt-in-saudi-arabia) · [UAE](https://exchangesteps.com/buy-usdt-in-uae) · [Morocco](https://exchangesteps.com/buy-usdt-in-morocco) · [Iraq](https://exchangesteps.com/buy-usdt-in-iraq) · [All countries](https://exchangesteps.com/countries). ## Step 3: Convert USDT to XRP **Easiest (Convert):** 1. Move the USDT from your **Funding wallet** to your **Spot wallet**. 2. **[Trade]** → **[Convert]** → from **USDT** to **XRP**. 3. Enter the amount → **[Preview Conversion]** → **[Convert]**. **Or on spot:** open the **XRP/USDT** pair → **[Buy]** → **[Market]** → enter the amount. [Spot trading guide](https://exchangesteps.com/binance-spot-trading) Your XRP lands in your **Spot wallet**. If you're keeping it on the exchange, you're done. ## Step 4: Withdraw XRP to another exchange or wallet (mind the tag) This is where XRP differs from most coins. According to the official XRP Ledger docs, exchanges use **one shared address** for many customers, and the **destination tag** (a number) tells them which customer to credit. Binance and MEXC both name XRP among the coins that need a tag/memo on deposit. Withdrawing from Binance: 1. On the receiving exchange: **[Deposit]** → **XRP** → copy the **address** and the **tag** (sometimes labelled Memo). 2. On Binance: **[Assets]** → **[Overview]** → **[Send]** → **[Withdraw Asset]** → **XRP**. 3. Paste the address, choose the **XRP** (XRP Ledger) network, and paste the tag into the **MEMO** field. 4. Enter the amount. **The withdrawal fee appears on screen after you enter the amount**, before you confirm. Fees change, so we don't quote a fixed number. 5. Confirm with 2FA. First time to this address? Send a small test amount. Full guide: [How to withdraw from Binance](https://exchangesteps.com/how-to-withdraw-from-binance). > ⚠️ **Forgot the tag?** The exchange won't credit it automatically. Binance has a recovery form for deposits with a missing tag; it returns the funds to the original sending address minus a fee, and recovery is **not guaranteed**. MEXC likewise says recovery needs a manual review and isn't guaranteed in full. ### Sending XRP to your own wallet (not an exchange) A personal wallet (one where you hold the recovery phrase) usually **doesn't need a tag**, because the address is yours alone. But on the XRP Ledger every address must hold a **base reserve of 1 XRP**, which stays locked and can't be sent. So if your first transfer to a new wallet is exactly 1 XRP, you won't be able to use any of it. ## XRP-specific warnings - **"Send XRP, get double back":** Ripple says it never asks you to send it XRP and doesn't run giveaways. Any YouTube live stream or account promising to double what you send is a scam, even if it shows a famous face. - **"Activate your XRP wallet" or "swap your old XRP" messages:** ignore them. Never type your recovery phrase into any site or bot. - **Buy inside the exchange only.** "Cheap XRP" offers on WhatsApp or Telegram are usually scams. Read: [P2P scams](https://exchangesteps.com/p2p-scams). - **The price swings a lot.** Don't put in money you need. **Other coins you buy the same way** (USDT on P2P, then Convert): [How to buy Bitcoin](https://exchangesteps.com/how-to-buy-bitcoin) · [How to buy BNB](https://exchangesteps.com/how-to-buy-bnb) · [How to buy Ethereum](https://exchangesteps.com/how-to-buy-ethereum). ## Frequently asked questions **How do I buy XRP for the first time?** Create and verify a Binance account, buy USDT on P2P in your currency, then convert it to XRP with [Convert]. **Can I buy XRP with Egyptian pounds or Saudi riyals?** The usual route is to buy USDT with your currency on P2P, then convert it to XRP. The [Egypt](https://exchangesteps.com/buy-usdt-in-egypt) and [Saudi Arabia](https://exchangesteps.com/buy-usdt-in-saudi-arabia) guides cover the payment methods. **What is an XRP destination tag?** A number that identifies your account inside an exchange, because the exchange uses one address for all customers. When withdrawing to an exchange, copy the address and the tag together. **I sent XRP without a tag. Is it lost?** Not always. Contact the receiving exchange with the transaction ID (TxID). Binance has a recovery form, but success isn't guaranteed. **Why can't I send my last 1 XRP?** Because the XRP Ledger locks a 1 XRP base reserve in every address. **Which exchange is best for buying XRP?** All six exchanges we cover list XRP/USDT. Pick one that's available where you live and has an active P2P market in your currency. --- *Last updated: 20 October 2026 · Sources: official XRP Ledger docs (destination tags, reserves), Binance and MEXC official help pages, Ripple's scam page, and the official market data of all six exchanges on 20 October 2026.*