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Learn Where & How to Buy Ripple With PayPal - A Beginner's Guide

Ripple PayPal
Author: Benson Toti Updated: January 28, 2022

Ripple is a remittance and currency exchange network and real-gross settlement system that Ripple Labs officially launched in 2012. It is based on a distributed open-source platform and uses the native digital currency known as XRP to revolutionise the global banking system.

PayPal was initially founded in 1998 to develop security apps for handheld devices. It pivoted to become a digital wallet in 2000. Since then, PayPal has maintained its reputation as the most secure of all digital wallets. 

Steps to Buy Ripple With PayPal

As you might already know, rapid advancements in technology have made it possible to buy and sell online, using digital money and digital currencies. While traditional payment methods like the credit card or debit card are widely used, crypto purchases are also possible using digital wallets. So instead of using a bank transfer, many people opt for PayPal.

PayPal announced in October 2020 that it has plans to create wallets for the major digital currencies in 2021. In the initial stages, people in the US and a few other countries are expected to benefit. In other words, you cannot buy Ripple with PayPal directly as of now. But that does not mean it’s impossible to buy Ripple with PayPal.

Here is what you should do to buy XRP with PayPal:

  1. Create a PayPal account: Since you want to use PayPal, sign up on the platform first securely. The process is simple and will take you a few minutes. Ensure you have your photo ID ready, given that you will be required to verify your identity using it.

  2. Create an XRP wallet: There are several Ripple wallets on the internet that you can create. With a simple search, you can find plenty of options online. Some of the most credible options are available on ripple.com.

  3. Register with a Ripple trading platform: Like Ripple wallets, there are numerous cryptocurrencies exchanges and brokerage services that you can register with.

Some brokerages can serve you in real-time. If you register with a peer to peer marketplace and choose an individual or company on the platform that accepts PayPal, you could save a lot of time and money.

Pros and Cons of Buying Ripple With PayPal


Easy and free to sign up and use
Acceptable worldwide
Can receive over 100 currencies
Your crypto platform doesn’t need a PayPal account to send you the money
Can send an invoice to most Ripple platforms
Can integrate shopping carts
Fast payment systems
Ensure the safety of funds
Records transactions


Seller protection policy does not cover digital assets
Hefty fees for chargebacks
Funds can be held for 21 days
Can takes days for the money to be available for bank withdrawal
Poor customer service
The account can be frozen

What Are the Transaction Fees On PayPal?

PayPal is an excellent payment method for many users due to its many advantages. But as we have seen, it has a few demerits, and one that requires your attention is the relatively high transaction fees.

When you choose a trading platform, consider how much they charge per transaction. The rates vary significantly. Some charge as low as 2%, while others charge as high as 10% of the total. PayPal also charges you depending on your location, the currency that the trading platform deals in, and the type of account you use.

If the exchange uses a currency other than the US dollar, PayPal will charge you 4.5% above the prevailing exchange rate. If you are using a business account, as soon as the money lands in the account, the company will charge you 3.4%. But for a personal account, you will be charged 2.5%. What’s more, PayPal also charges a flat rate fee of 0.30 USD per transaction. Other than these costs, remember that your bank account will also charge you a fee to withdraw the funds. Despite these costs, PayPal remains one of the leading payment methods you can use to purchase Ripple.

XRP to PayPal: Can I Transfer Ripple to PayPal?

You can transfer Ripple to PayPal. But as you can see, you cannot perform this directly. We may need to wait until 2021 to see whether the payment processor will directly transfer Ripple to PayPal. But as for now, if you want to make the transfer, you have to register with a cryptocurrency exchange that trades in XRP and accepts PayPal. 

Please note that transferring cryptocurrencies like XRP and BTC is riskier than buying these coins. PayPal allows users to reverse their money whenever they feel the trade does not meet their expectations. 

Unfortunately, unethical dealers can take advantage of this feature to steal your money once the transaction is complete. In simple terms, you need to do due diligence when selecting a trading partner who can help you to transfer the funds.

Once you have chosen the best exchange, enter the platform’s unique Ripple wallet address, and send the coins. They will then send the fiat currency to your PayPal account. A morally upright trader will not dispute the transaction later. Please note that some trading platforms use a different approach. So, be sure you follow their instructions.

PayPal to Ripple: Is It Possible to Convert My PayPal Funds to XRP?

Suppose you want to buy Ripple directly using PayPal. In that case, you ought to wait for the outcome of the present deliberations geared towards officially introducing PayPal to the cryptocurrency world. But as for now, you can only use an indirect route.

You start the process by choosing a crypto platform that sells and buys XRP and accepts PayPal. Compare different options before making your decision. Ask your exchange how they want you to send the funds via PayPal. Deposit funds and send. Once you have received Ripple in your crypto wallet, you can mark the trade as complete.

Frequently Asked Questions

  1. If you want a secure, easy-to-use payment that is accepted worldwide and is fast, you can use PayPal. However, like other payment systems, PayPal has some cons. For example, if you fail to follow their rules, your account can be frozen. The transaction cost is also high. But PayPal remains the most secure payment option.
  2. If you want to buy Ripple with PayPal, you should open an account with a safe cryptocurrency platform, select the PayPal payment option, and fund your account.
  3. No, PayPal does not support direct XRP wallet functionality.
  4. Yes, according to information on the company’s official website, you can buy Ripple directly via your credit card or bank account. Once you have created your account on your favorite exchange, you can buy the coins on the site with the US dollar or any other fiat currency. But exchanges do not allow you to buy directly using PayPal. So, if this is your payment method, you cannot buy directly.
  5. The first and most crucial step is to know the best places to buy the cryptocurrency. Unfortunately, some exchanges have not listed Ripple. But there is a long list of recommended exchanges.
  6. You should use US dollars if possible. If you use a different fiat currency, PayPal will charge you 4.5% above the prevailing exchange rate, which could make your transactions incredibly costly. You can also reduce the cost by using your personal account instead of a business account. With a personal account, you pay 2.5% when the money hits your account. But you have to pay 3.4% when you receive the money in a business account.
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