How to buy XRP with credit card on Binance: A simple 3-step process

The market presence of Ripple has proliferated in the last few years. Thanks to the fast transaction speed (even faster than Bitcoin), safety and cost-efficiency, Ripple easily makes into the list of every trader looking to earn profits with crypto assets. For many years, this cryptocurrency has enabled corporates and financial institutions to send money globally by leveraging the payment system backed by a distributed ledger database (XRP ledger).

The fact that it’s centralized prevents anyone from mining or obtaining Ripple in any way other than buying using a cryptocurrency exchange platform. Investing in XRP can seem complicated, but it’s really not. If you are using Binance, you could easily buy XRP with various payment methods, including credit card. In January 2019, Binance partnered with payment processor Simplex to allow traders to load their official Trust wallet with XRP using their credit card. Here’ everything you need to know about buying XRP with a credit card on Binance.

How to buy XRP with credit card Binance?

Buying any cryptocurrency using credit card on Binance is comparatively more convenient than other exchange platforms. With high processing speed, simple fee structure and incredible volume, Binance offer you the best route to purchase XRP using your Visa or Mastercard Credit or Debit Card. Below is a 3-step process to execute the purchase.


If you have not made one yet, you are missing out on a lot of features. Binance is the most popular cryptocurrency exchange platform that lets you trade with all significant crypto assets such as Bitcoin, Ripple, Litecoin, and Etheruem at lower fees and higher safety. Although No Know-your=customer (KYC) is required if you are withdrawing less than 2 BTC or equivalent, you would need to provide some necessary details before using your credit card to buy XRP on Binance.

Once you have an account, head over to the Funds tab in the top Binance toolbar and select the “Buy with credit card” option. Select XRP from the list of cryptocurrency and enter the order amount. Once done, a second bar will pop up to show you the total amount you have to pay, including the fees. Binance now offers a transparent and straightforward fee structure for buying any cryptocurrency. The service fee of buying cryptocurrency with a credit card on Binance is 3.5% or $10, whichever is higher.

For instance, if you are looking to buy 1000 XRP, considering the XRP price of $0.2, the total amount, including fees, will be $210, although the 3.5% is 7 USD. If you are looking to save a little on this fee, you could either use other cryptocurrencies for buying XRP or fund your Bitstamp or Kraken account with a Bank transfer. You buy Stablecoins on Kraken listed on Binance by wire transfer from your account and use those Stablecoins to buy XRP on Binance. It’s simple and more cost-effective.

Confirm your order

Once you checked the price and amount, Binance will ask you to confirm the order. Read the short disclaimer which notifies you that all the transaction will take place in and Binance is not responsible for any loss during credit card payment service. Also, you will be redirected to this secure platform for the final order completion. Check the box that says “I have read and agreed the disclaimer” and click on “Go to Payment” to finalize your order through Simplex.

Buy with your Credit Card on Simplex

After you confirm your order, you are redirected to Simplex. You have to provide some personal details to Simplex, fill all necessary fields, accept their terms and conditions to complete your purchase.

In the next page, Simplex will ask you to verify your phone number by sending you a 4-digit code on your email address and phone number. You are supposed to enter this 4-digit code in the toolbox to complete the verification process. This is only required during your first payment, and for all subsequent purchase, you don’t need to verify your phone number again.

After verification, you will be asked to provide your Visa or MasterCard credit card details. Binance will carry out a thorough identity verification process by matching your entered details with the correct information and complete your XRP order. Once the order is completed, it usually takes 10 to 30 minutes for the crypto to reflect in your Binance wallet.

Buying XRP on Binance

Unlike many cryptocurrency exchanges, buying Ripple with a credit card on Binance is pretty straightforward and doesn’t require an extra Coinbase or Kraken account. However, you could use these platforms to buy XRP to save a little on the credit card fee. Binance also offers a crypto trading app for iOS and Android devices. You can buy XRP with a credit card or 150 plus cryptocurrencies on the Binance App, anytime and anywhere.

You can also use multiple trading pairs to buy XRP. Once you have the XRP, you can store the coins in Trustwallet or transfer to other third-party wallets. With several trading pairs, you can trade XRP with other crypto assets. You can use it to make cost-efficient payments globally with 200 plus payment providers and bank support. Due to Binance’s high liquidity, you can also use the purchased XRP to buy goods online. More and more vendors are adopting XRP support, making it easier than never before.


XRP, commonly known as Ripple, is slowly becoming the number 2 cryptocurrency on the market. Today, XRP is traded on over 100 cryptocurrency exchanges worldwide. But, the easiest way has always been through Binance. As you have noticed, buying XRP on Binance with a credit card is an extremely straightforward 3-step process.

Due to the support of all Visa and Mastercard, you can buy XRP no matter where you live. With transparent fees and faster order processing, it’s very uncertain to have any problem while purchasing. Even If you do, hopefully, you will be able to clear all your ambiguities and issues you encounter along the way through this article.

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