Can I buy XRP with PayPal?
The short answer is no. The platform currently only offers Bitcoin, Ethereum, Bitcoin Cash and Litecoin to buy and sell through the PayPal app. They are unlikely to release XRP trading on their platform until the SEC vs XRP lawsuit is resolved in court.
You can learn more about all of the features of PayPal's crypto app in their official video.
How to Buy XRP with a PayPal Deposit
The best way to buy Ripple (XRP) with a PayPal account is with the eToro exchange. They offer fast and cheap PayPal deposits to trade XRP and 80 other cryptocurrencies, as well as 8,000 stocks, ETFs, commodities and more. Their platform is globally regulated and is available in over 100 hundred countries and supports over 32 languages.
You can get started buying XRP with PayPal with this simple guide:
- Sign up to eToro.
- Select the 'Deposit Funds' button on the bottom of your screen and select 'PayPal'. Follow the prompts to connect your PayPal account.
- Once the PayPal deposit hits your account, find XRP on the eToro platform.
- Input the amount of XRP you want to invest and execute your trade.
What is Ripple (XRP)?
Ripple is a digital asset that enables real-time global payments anywhere in the world. The XRP token is used as a bridge currency to other currencies, meaning it can be exchanged for any other currency on the Ripple network.
Ripple was founded in 2015 by Jed McCaleb and Chris Larsen with the goal of making it easier to send money around the world. The Ripple network is now used by major financial institutions such as American Express and Santander.
What is PayPal?
PayPal is a digital payments platform that allows individuals and businesses to send and receive money online. It was founded in 1998 by Peter Thiel and Max Levchin and later acquired by eBay in 2002. PayPal offers a number of services, including a peer-to-peer payments platform, a credit and debit card service, and a traditional online payments system. The PayPal app is available in over 200 countries and supports 25 currencies.