Where to buy XRP with GBP?
You can buy XRP with GBP by following these five simple steps:
- Choose an FCA-registered platform.
- Create an account and pass KYC.
- Deposit GBP.
- Place an order on XRP/GBP.
- Withdraw safely to your wallet.
This text breaks down each step to help you successfully buy XRP.
Step-by-Step: How to buy XRP with GBP?
Here’s a practical beginner-friendly guide on how to buy XRP with GBP.
1. Create Your Account
When creating an account to buy XRP with GBP, it is important to ensure that the exchange you decide to use is FCA-registered. This is the primary guarantee in the UK that the platform meets the UK security and financial standards. You will be required to pass KYC (know your customer) verification in accordance with UK regulations.
Therefore, be ready to upload your ID and proof of address. A great tip to speed up the verification process is to ensure your registration details on the account are an exact match to the details on your ID.
2. Choose GBP Deposit
Once your account is verified, you will need to deposit GBP. Simply click on the deposit option and select GBP. There are numerous options to deposit the currency, but the most popular three supported by multiple exchanges are:
- Faster Payment System (FPS): This is an affordable UK real-time settlement system that facilitates transfers between different bank accounts. It is supported by almost all exchanges operating in the UK and is known for its short transaction processing time.
- Credit/debit cards: This deposit option involves you providing a card to have the GBP deducted from. While processing is instant, it may have higher fees.
- Bank Transfer: Transferring funds directly from your bank account is another quick and convenient deposit option. However, transaction fees and security features need to be considered when using this option.
3. Put The XRP Amount
With money in your exchange account, the next step is to buy XRP. To do so, you need to navigate the platform to the markets section and click on the XRP/GBP trading pair.
A conversion box will appear to key in the amount of XRP you want to buy. Pay attention to the real-time conversion rate as well as the fees associated with the purchase. These two factors will contribute to the final cost of buying XRP.
4. Enter Wallet Address
When you purchase XRP, the tokens need a location to be sent to. This is what our crypto wallet is. Most exchanges provide their options, while there is also the option of using an external non-custodial wallet.
The latter is especially recommended if you plan to store the XRP long-term. This option gives you control of the wallet’s private keys, which enhances the security of your tokens.
Ensure you double-check the wallet address and destination tag before initiating a transaction. Incorrect details will result in your tokens being lost or uncredited. It is best practice to send a small amount of the XRP first to confirm the address and tag are correct before sending the full amount.
5. Finish Purchase
The final step in buying XRP with GBP is to review your order details and confirm that the XRP has been deposited in your wallet. It is also important to save the transaction record, and for added security, to enable two-factor authentication (2FA) to authorise transactions.
How to Sell XRP Safely?
Trading crypto in the UK requires strict compliance. This means that to be on the right side of the law, you must transact on a compliant exchange where security is guaranteed. Take seriously the obligation to report tax on crypto trades and know how to choose the best cryptocurrency to invest in.
1. Use Regulated Exchanges
As already mentioned, exchanges that meet UK financial regulations are FCA-registered. These regulations have been put in place to provide a secure, safe, and legal environment for crypto trading. They prevent you from falling prey to fraudsters and allow you to trade with peace of mind.
2. Secure Wallet Transfers
To sell your XRP, you will need to first log into your account, navigate to the deposit section, and then select XRP as the asset to deposit. The exchange will then provide you with a deposit address and destination tag to key in your personal wallet and initiate the transfer.
You must double-check these details and ensure the correctness of the address. Confirm the amount you want to sell, the network fees you need to cover, and go the extra mile to enforce 2FA for the transaction to create an extra shield against hacks.
Once all details are confirmed, approve the transaction and wait for the process to complete. A successful deposit XRP transaction is recorded in your deposit history.
3. Compare Fees And Payout Options
Most exchange platforms will have two options for receiving GBP when you sell XRP: instant sell and spot trading.
- Instant sell provides a shorter processing time for the sale but comes at a higher cost.
- Spot trading processes transactions at a lower cost but takes a longer time to complete the sale.
Once the sale is completed, you can withdraw your GBP through PayPal, bank transfer, or Faster Payments. As already mentioned, Faster Payments is quite popular in the UK as the cheapest and quickest option for GBP transactions.
4. Reports to HMRC
In the UK, crypto is categorised as property by HMRC. This means that selling, spending, and swapping XRP is taxable and subject to capital gains tax rules. To make reporting to HMRC
easier for you, take advantage of the exportable CSV statements from exchanges for accurate records and explore using tax software as well to file your returns.
Additionally, from 1st January 2026, the new Crypto-asset Reporting Framework will require exchanges to collect and report more user transaction data to HMRC; therefore, you too will need to have tidy records of your activities.
Quick FAQ’s
Can XRP hit $20 in 2025?
Volatility in the cryptocurrency market is the status quo; therefore, accurately predicting prices is almost impossible. For XRP to hit $20 in 2025, major strides must be made in its regulation, innovation, and adoption.
How much XRP can $100 buy?
The amount of XRP that $100 can buy is dependent on the price at the trading point. For example, if the current price is $3 for 1 XRP, you can buy approximately 33 XRP with $100.
Where will XRP be in 5 years?
A precise prediction of where XRP will be in 5 years is impossible. Factors such as market trends, development in crypto regulation, and adoption must be considered. However, should its positive run continue, then XRP can be expected to be trading at sustainable high levels in 5 years.
