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Buying Ripple (XRP) on eToro is an accessible and secure process tailored for both new and experienced traders.
Start by opening and verifying an eToro Live account to access multiple deposit methods, including credit cards, bank transfers, and popular e-wallets. Once your account is funded, you can buy XRP instantly through eToro’s user-friendly platform, which features competitive spreads, high liquidity, and real-time market insights.
This guide breaks down every step, details transaction fees, and explores key advantages such as security measures and the convenience of trading Ripple (XRP) on eToro.
Is it possible to buy Ripple (XRP) on eToro?
Yes, with eToro you can buy Ripple (XRP) along with many other major cryptocurrencies. With eToro you can buy XRP in 2 ways: You can trade it as CFD without owning the underlying asset, or you can buy the real asset going long without leverage. This can be done directly on the eToro trading platform.
What are the steps to buy Ripple on eToro?
There are three steps to buy Ripple on eToro. The steps to buy Ripple on eToro are listed below.
- Open an eToro Live account and get verified: The very first step is to open your eToro live account. This is a process you can do reasonably easily with just a few basic documents and a short amount of time to hand.
- Choose the Deposit methods to buy XRP: Once you have completed the account sign up step, the next thing will be to deposit some money so you can buy your XRP with eToro. You can make a deposit in a number of ways as we explained in our eToro minimum deposit article. Wire transfer, major credit cards like Visa, and Mastercard, as well as eWallets like PayPal are all available for you to make you deposit quickly and securely.
- Trade or Buy Ripple: Having verified your eToro account and made your deposit, the final step will be to trade or buy your Ripple. To do this, just head to your eToro profile and under the “Markets” tab you can select “Crypto”. Once in the crypto menu, you can choose “Ripple” from the available options, and click “Buy (non-leveraged)”. You then simply input the amount you would like to purchase and click buy to open the trade. Once you have executed the trade and it has completed you will be the owner of some XRP which you can trade again later or store them safely in the eToro wallet by transferring them over.
How to transfer Ripple from/to eToro?
The process of transferring Ripple (XRP) to or from eToro revolves around the eToro Wallet, a secure and user-friendly tool for cryptocurrency transactions. To transfer Ripple to eToro, users need to deposit XRP from an external wallet, ensuring compatibility with the Ripple blockchain. Similarly, transferring Ripple from eToro involves withdrawing funds via the eToro Wallet, following specific transaction limits and fees.
How to open an eToro Ripple (XRP) wallet?
Opening a Ripple wallet at eToro couldn‘t be easier. All you need to do is initiate a transfer of XRP into your eToro wallet and an XRP wallet will automatically be opened.
In order to open the wallet, you will need to have a deposit in there of 45 XRP. This should stay there at all times while the wallet is open and this deposit will act in part as your base reserve of 20XRP, and 25 XRP for management of your multi signature XRP wallet. This is a standard procedure and could be seen as a fee of sorts.
The deposit amount of 45 XRP will be deducted from the amount of Ripple you first transfer into the account.
How to send XRP from eToro to the eToro wallet?
Sending XRP from eToro into the eToro wallet is something you may want to do if you have bought your Ripple with eToro.
The process to do this is simple to follow. Just open your eToro portfolio, choose your Ripple (XRP), click on “edit trade”, and then “invested amount”. At this point, a pop-up window will display the amount of units, in this case XRP in the trade along with how much the transaction will cost, and how much of your holding will be moved to your eToro wallet.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
What are the limitations when transfering XRP from/to eToro?
When you are making an XRP transfer from eToro to your eToro Wallet, you will find certain limits in place. These are as follows:
If transferring from your eToro to eToro wallet, the minimum amount you can send is 168 XRP with the maximum amount in a single transaction is 22,500. The maximum amount you can send this way in a single day is 112,500 XRP.
If making an XRP withdrawal from your eToro wallet you should note the minimum of 133 XRP applies. These limits are often changing depending on the actual value of the currencies.
When it comes to cash transactions for crypto, these apply to all cryptocurrencies from the eToro Wallet. There is a maximum limit of $50,000 per transaction and $200,000 per day.
What are the eToro Fees and Commissions on Ripple?
The eToro fees and commissions are listed below.
- eToro Ripple Transfer fees: Withdrawing your eToro Ripple will incur a fee of 0.25 XRP. This is small enough not to worry about at all based on present value while there are also no fees for sending or receiving crypto to your wallet other than any blockchain fees that may be charged though these are completely independent of eToro.
- XRP Trading fees with eToro: Beyond withdrawal fees, you will find that the eToro XRP spread starts from 1%. If you are trading CFDs you should also remember that an overnight fee for holding the position will apply. This is not the case if you are trading as real.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Why should you buy Ripple on eToro?
Of course, we have already covered many of the positive points about eToro is our fully comprehensive eToro review. This is one of the best places you can start learning about the broker as a whole.
In terms of Ripple though and why you should buy or trade it with eToro, there are several good reasons why.
eToro is one of the best-recognized name brokers in trading. This comes along with a strong reputation and valuable, respected regulation from top-tier bodies like CySEC. They are a great choice for new traders too since they offer you an unlimited, risk-free demo account to practice on.
eToro provides great flexibility for traders too in the sense there are plenty of deposit methods for you to choose from when buying XRP or other assets. You can also benefit from a user-friendly trading environment that provides all the latest news, updates, and even expert analysis to help you along every step of the way.
As a crypto trader you also can‘t help but be attracted by the dedicated eToro wallet and eToroX crypto exchange that is available for you to trade confidently and securely.
What do you need to know if you plan to day trade XRP on eToro?
The things you need to know if you plan to day trade XRP on eToro are listed below.
- Discover every XRP Cross on eToro: The first important thing you will want to know about when trading or day trading XRP on eToro is exactly what assets you can trade XRP with. When it comes to trading pairs you have a choice of both XRP/Fiat cross pairs or XRP/Crypto cross pairs. In terms of XRP/Fiat pairs eToro offers XRP paired with the US Dollar, Australian Dollar, Canadian Dollar, Swiss Franc, Euro, British Pound, Japanese Yen, and the New Zealand Dollar. If you are more interested in XRP paired with other cryptocurrencies you can trade XRP/Dash, and ZEC/XRP.
- An overview of XRP Trading with eToro: A few additional points to know about trading on eToro is that scalping is not allowed with the broker. This could differ from some other brokers who allow scalping. You can trade on leverage with crypto at eToro but you should note that if you are trading on leverage then these positions cannot be transferred to the eToro wallet since leveraged positions are all traded as CFDs. The same is true if you are going short on crypto since short positions are also opened as CFDs only. On the other hand, when you open a long position that does not avail of leverage then you will be trading and owning the real, underlying asset and not a CFD.
- eToro XRP spreads and fees: There are a couple of fees that you should keep in mind with eToro crypto and XRP trading. The first is the overnight fee that applies if you are trading a CFD and want to hold the position open overnight. The second fee is the spread. For Ripple trading this starts at 1%. For further info about eToro spreads and fees, you may find the reading of our eToro fees and spreads guide very insightful.
What are the Pros on buying Ripple on eToro?
The pros on buying Ripple on eToro are listed below.
- eToro is a very well-regulated broker with an excellent reputation and very trusted around the world.
- The minimum deposit with eToro is low. This makes them very accessible to many traders.
- The sign-up process is convenient and the platform one of the most user-friendly in the industry.
What are the Cons on buying Ripple on eToro?
The cons on buying Ripple on eToro are listed below.
- The spread on XRP at eToro can be comparatively a little high.
- The minimum amount of XRP needed to access the transfer capabilities is a little high.
- All transactions on eToro are conducted in USD. Additional conversion fees may apply when dealing with other currencies.
What is our opinion on buying XRP on eToro?
Overall, it is clear that eToro is an excellent broker choice if you are looking to trade XRP. The flexibility on offer here is one factor that makes them a great choice. This flexibility comes in a number of forms. The range of trading pairs available is impressive. Not only can you trade XRP with the US Dollar but also with 7 other fiat currencies and 2 other cryptos.
In addition, you have the great option with eToro of trading XRP as a CFD or as a real asset. This comes along with the ability to employ leverage if you are happy with CFD trading and are comfortable with taking a little increased risk.
Add this flexibility to the ease of use the platform provides, and backed by the strong reputation of the broker and eToro makes an excellent choice in many ways for XRP trading. This is particularly true if you are buying XRP to invest and keep on the eToro platform and in the eToro wallet. If you plan to move them outside the eToro system the fees may be a little high but as we have seen through our detailed eToro Wallet review, that can be a secure and reliable place to keep your eToro investment and avoid fees.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.