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How to Buy XRP Using Trust Wallet: A Visual Guide
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Published on: Nov 23, 2023
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In Brief
Learn how to buy XRP using Trust Wallet with our step-by-step visual guide. Also discover the technological features of XRP, as well as how to buy and sell XRP using Trust Wallet.
If you're curious about how to buy crypto assets like XRP in a straightforward manner, you've landed on the right page. In this guide, we'll walk you through purchasing XRP using Trust Wallet, a highly secure, self-custody crypto wallet and Web3 gateway trusted by millions.
What is Trust Wallet?
Trusted by over 70 million users worldwide, Trust Wallet is more than just a simple-to-use crypto wallet—it's your open gateway to the Web3 world. Built on our core values of financial freedom, strong security, and user-friendly design, we're on a mission to build a seamless Web3 hub and open ecosystem for everyone. Buy crypto, swap tokens, stake to earn rewards, and so much more. Whether you're a beginner or an expert, Trust Wallet empowers you to fully own, control, and leverage your digital assets.
With key features like the Trust Wallet Security Scanner and support for 10+ million digital assets across 100+ blockchains, you can explore and access opportunities in Web3 with confidence. Trust Wallet is available as a mobile app on Apple iOS and Android, and also as the Trust Wallet Chrome Extension for desktops.
What is XRP?
XRP is a digital asset created by Ripple Labs Inc., designed primarily for use in facilitating rapid and cost-effective cross-border payments on the XRP Ledger, a decentralized blockchain technology. Unlike many cryptocurrencies that aim to replace traditional fiat currencies, XRP was developed with a focus on providing a solution for the inefficiencies in global money transfers, acting as a bridge currency in transactions involving different currencies.
XRP distinguishes itself through its transaction speed and scalability. Transactions on the XRP Ledger are exceptionally fast, usually settling within 4 to 5 seconds, which is significantly quicker than traditional banking systems and many other cryptocurrencies. Along with its speed, XRP transactions are known for their low cost, often amounting to just a fraction of a cent. The ledger can handle more than 1,500 transactions per second, showcasing its potential for high-volume, institutional use.
One of XRP’s most significant applications is in the realm of international remittances and micropayments. By providing a means for rapid and low-cost money transfers, it offers a viable alternative to traditional financial systems, especially in scenarios where speed and cost-efficiency are crucial. Ripple's RippleNet, which uses XRP, has been adopted by numerous financial institutions for international transactions, demonstrating XRP's real-world application and potential to transform the way global payments and remittances are managed.
Learn more about Ripple XRP:
A beginner’s guide to XRP
How to buy XRP using Trust Wallet
Learn out SEC’s lawsuit with Ripple XRP
Before You Get Started - Create an XRP Wallet
Before we delve into the steps for buying XRP via Trust Wallet, you'll first need to set up a Ripple Wallet if you haven't already. Trust Wallet can be downloaded as a mobile app, or you can install the Trust Wallet Extension for your desktop browser. For this guide, we'll focus on creating a new wallet using the Trust Wallet mobile app.
Step 1: Get the most updated version of Trust Wallet
Below you’ll see the steps to create a new XRP wallet, but you could just as easily import an existing Web3 wallet to Trust Wallet, if that’s your preference.
To create a new wallet:
Download, install and then open Trust Wallet
Choose “Create a new wallet”.
Choose your backup option, or you can optionally postpone the backup process by choosing “Skip”.
Start using Trust Wallet.
Step 2: Buy crypto using your Trust Wallet
If you’re wondering where to buy XRP, Trust Wallet makes the process very simple. Here’s how.
Locate XRP using the search bar, or select the Buy button.
Choose XRP, select the buy option, and enter the amount you wish to purchase.
Select the third party provider & payment method you’d like to use.
Select “Buy XRP”, and then follow the steps to complete the purchase.
Frequently Asked Questions
Where can I buy XRP
One of the easiest ways to buy XRP is by using a Trust Wallet. You can use the wallet app to choose from a number of third party providers and payment methods in order to purchase XRP and safely store it. Simply open Trust Wallet, choose “Buy”, then choose XRP, your amount and follow the remaining steps to complete your purchase.
What are the fees to buy XRP using Trust Wallet?
Fees are dynamically determined in real-time by our affiliated fiat gateway partners. We've teamed up with a variety of third-party payment services to offer you a diverse array of convenient choices. Please be aware that the fee schedule may differ depending on the payment method selected and your geographical location.
What payment methods are accepted?
Trust Wallet accommodates multiple payment options, such as credit/debit cards and bank transfers, to name a few. The specific methods available to you are subject to your location and the payment provider you opt for.
What currencies can I use to purchase XRP?
Our global partners support over 100 local fiat currencies. This enables a broad range of users to purchase crypto in their native currency.
When I buy XRP using Trust Wallet, where is it stored?
When you buy XRP using your Trust Wallet, it’s stored directly in your wallet. There’s no need to transfer your XRP from one address to another or do anything else – the crypto will be stored safely and automatically.
How do I check my XRP balance in Trust Wallet?
To check your XRP balance in the Trust Wallet app, simply open the app and view your current balance from the main wallet page.
How do I check the XRP price in Trust Wallet?
To check the XRP price in the Trust Wallet app, simply open it and view the price from the main wallet page. Alternatively, you can also search for the XRP asset and tap on the chart symbol to view more detailed information on the XRP price.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
