How to Buy Ripple in India: 4 Platforms Where You Can Buy XRP in INR

Anish TadimarriCryptocurrency21 Comments

buy ripple xrp in india

Ripple’s market cap shot up more than 2x in the last week alone taking Ripple’s market cap to nearly 30 billion USD. While there are many platforms where Indians can buy Bitcoin and Ethereum, Ripple coin exchanges are very few in India. Below, we look at some cryptocurrency platforms where people can buy Ripple (XRP) in India in INR.

List of platforms to buy Ripple (XRP) in INR:

1. Koinex:

Koinex is a Mumbai based cryptocurrency exchange platform where users can trade Ripple. Apart from XRP, they also support other currencies including Bitcoin and Ethereum. Koinex charges 0.25% fee from buyers and 0.2% from sellers, but seller fees are waived off until December 31, 2017.

2. btcxIndia

btcxIndia is the first platform in India which was launched where users can buy and sell Ripple. Trading fees on btcxindia are at 1%. It was launched in March 2016 in partnership directly with Ripple Labs, the parent company of Ripple coin. Currently, there is a hold on new account creations at btcxIndia due to high demand. So, if you want to trade Ripple, you may want to check with the other 2 platforms.

3. CoinDelta

CoinDelta offers trading of buy and sell trading of Ripple, along with other currencies such as Ethereum and Litecoin. While the seller fee is 0%, buyer fee is 0.3%.

4. BuyUCoin

BuyUCoin supports Ripple coin trades along with numerous other cryptocurrencies through its exchange. They have zero fee trades and also support other altcoins like Litecoin, Dash, NEM, and Stratis.

How to exchange Bitcoin or Ethereum for Ripple

Alternatively, if you own Bitcoin or Ethereum, you can exchange for Ripple in platforms such as Binance.

You can buy Bitcoin or Ethereum on Indian exchanges like Koinex. Then, you can transfer your BTC or ETH to Binance wallet.

With BTC and ETH, you can purchase Ripple and many other altcoins including TRON, Stellar Lumens, and NEO.

FAQ – Frequently Asked Questions

  1. What is Ripple (XRP)?
    Ripple is a payment network for financial institutions and an alternative to SWIFT. Ripple has two platforms: a payment network (RippleNet) and a cryptocurrency, Ripple (XRP). While RippleNet allows banks to transfer money, all the transactions are recorded on the decentralized XRP Ledger.
  2. What are benefits of Ripple?
    • Fast and Scalable
    • Low transaction fees
    • Used by 100+ global financial institutions
  3. Is Ripple legal in India?
    Like Bitcoin and Ethereum, Ripple is not currently regulated by RBI. RBI issued a third warning last week warning cryptocurrency users and traders in India on the risks of cryptocurrencies and ICO’s.
  4. What documents are needed for eKYC?
    • PAN Card
    • Aadhaar card
    • Bank documents – Passbook (or) Canceled Cheque

21 Comments on “How to Buy Ripple in India: 4 Platforms Where You Can Buy XRP in INR”

    1. buy from exchanger point. Good site for small orders. try paying by IMPS so transfer of ripple is quick

      1. There is no legal way per se, but Koinex is one of the safe platforms to do so. Be aware that crypto investments are extremely volatile and RBI issued warnings to cryptocurrency investors on the risks of crypto trading.

    1. Mr. Dharmendra – you can follow above mentioned steps to purchase Ripple. If you have any specific questions, please let us know.

  1. Koinex is not allowing creation of new user due to some maintaince so i suggest open account in gatehub and deal with exchanger point and take small QTY if required. they take payment from NEFT/RTGS/IMPS/Paytm. Do mention your oder id when transfering funds and you will get a call from them. Generally transfer happens in few minutes. Dont risk large amount as i have not tried those yet but for small orders all of my friends got ripple without any hassles.

    1. Gatehub is another headache, verification is stuck there since 15 days, neither declining nor approving. Not even replying to emails.

    2. Sir, am interested to buy Ripple. But all the sites like coindelta, koinex are not allowing to open accounts due to maintenance. kindly mail me to I am eager to understand about purchasing ripple through gatehub . awaiting your mail sir.

  2. Hello Anish ,

    Good evening,

    I bought some ripple coins from my friend koinex account, After few days he is transferred to my koinex ripple wallet, At that time he forget to use my Tag# instead of put as 123456 and sent the coins.

    While check the hash ID its says transaction was successful but still im not get the coins.

    I emailed many time to koinex site, but no response.

    Have any way get it my coins? Please advise.

    1. Satheesh – This is a technical question and we will not be able to help. You did the right thing by contacting Koinex. Please continue to reach them until issue is resolved. Good luck!

    1. Vipin – We have personally not used their platform and hence are not aware. Please do your own research while investing in cryptocurrencies. Good luck!

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