This guide explores Ripple (XRP), its protocol, and step-by-step methods to purchase XRP in India.
Table of Contents
- What Is Ripple?
- XRP Tokenomics
- Where to Buy Ripple in India
How to Buy XRP in India
- Buying XRP on CoinDCX
- Buying XRP via SwapZone
- Risks of Investing in XRP
- Benefits of Buying XRP
- Conclusion
- FAQs
What Is Ripple?
Ripple is a real-time gross settlement network and cryptocurrency created by Ripple Labs Inc. Launched in 2012, it operates on a distributed open-source protocol and uses XRP as its native token. Unlike Bitcoin or Ethereum, Ripple relies on a consensus protocol (Proof of Correctness) for transaction validation.
👉 Discover how Ripple compares to other cryptocurrencies
XRP Tokenomics
| Key Metric | Details |
|--------------------|----------------------------------|
| Max Supply | 100 billion XRP |
| Consensus | Proof of Correctness |
| Pre-mined | Yes (60% held by Ripple) |
| Major Use Case | Cross-border payments |
Where to Buy Ripple in India
Cryptocurrency Exchanges
- CoinDCX
- WazirX
- BuyUCoin
Swap Platforms & DEX
- SwapZone
- SwapSpace
How to Buy XRP in India
Method 1: Buying XRP on CoinDCX
- Sign up and complete KYC verification.
- Deposit INR or crypto.
- Navigate to XRP/INR trading pair.
- Enter the amount and execute the trade.
Method 2: Buying XRP via SwapZone
- Select BTC/ETH → XRP swap.
- Enter the amount and recipient wallet address.
- Send funds and receive XRP within minutes.
👉 Learn the best strategies for crypto swaps
Risks of Investing in XRP
- Centralized control (Ripple holds 60% supply).
- SEC lawsuit creates regulatory uncertainty.
- No mining mechanism—unlike decentralized coins.
Why Buy XRP?
✅ Fast transactions (~5-second settlement).
✅ Low fees for cross-border transfers.
✅ Established partnerships (e.g., MoneyGram).
Conclusion
XRP offers liquidity and speed, but weigh risks like SEC scrutiny. Use exchanges like CoinDCX or platforms like SwapZone for seamless purchases.
FAQs
1. Can I buy XRP with PayPal?
Yes, select exchanges (e.g., Binance) support PayPal payments.
2. How to buy XRP without KYC?
Platforms like BuyUCoin allow limited purchases without verification.
3. Is Koinex still operational?
No, Koinex shut down in 2019 due to regulatory issues.
For further queries, drop a comment below!