So you are looking to buy Ripple (XRP) and want to use the Changelly exchange to do so? This is a decent choice, but there are some drawbacks depending on how you are trying to pay. In this guide on how to buy Ripple on Changelly I will be giving over how to go through the process, limitations that there are two buying, different payment methods you can use, and more.
There are a few requirements that you must have before you are able to purchase Ripple, which I will be getting your first.
Requirements Before Purchasing
One thing that makes Changelly different from many other exchanges out there is that they do not provide cryptocurrency wallets to their users. So before purchasing Ripple you first must have a Ripple wallet set up so that when you do buy it you can send it there.
All Changelly really does is make the exchange for you. You send them one form of currency and they send you another form of currency, both of which you selected. Needing to have your own wallet may seem like a downside for many, but you could also look at it the other way… You don’t have to take an extra step to withdraw the cryptocurrency from the exchange yourself.
Anyways… You must also have either one of the 60+ cryptocurrencies that the exchange supports or a Visa/MasterCard debit card. Why? Because these are the payment options that they offer.
The Process of Purchasing Ripple
The process of buying Ripple is a very simple and straightforward. On the homepage of Changelly.com you will be able to begin.
First you will select the currency that you want to pay with, then you will enter in the amount you want to pay, next you will select XRP, which is the symbol for Ripple, and then you will click exchange. As an example I will first be showing you how to purchase Ripple with USD, which requires you to have a Visa/MasterCard debit card.
After you enter in the information and select the currencies you will have to click the green exchange button. This will then take you to a confirmation page that will just have you double check and confirm the transaction that you want to make.
After that you will be prompted to enter your Ripple wallet address. So enter in your wallet address from another exchange, a hardware wallet, or wherever yo have your Ripple wallet… After you make the purchase it will automatically be sent to this address.
Next you will confirm all the information entered so for once again to make sure that everything is correct. The last thing that you want is to buy Ripple and have it sent to someone else’s wallet. When you confirm this the next step is to make your payment, where you will see the screen below…
When you pay with a Visa/MasterCard debit card to buy Ripple on Changelly you will be directed to IndaCoin, which is another exchange that is partnered with Changelly to handle the debit card transactions. This is different than if you were to try to buy bitcoin on Changelly, where Simplex would process the transaction. I’m not sure exactly why they have two different services processing debit card transactions, but this is just the way it is.
The big downside here is that IndaCoin does not support all regions/countries. There are a lot of big countries out there that aren’t supported and if you live in one of them you will not be able to use a Visa/MasterCard debit card to purchase Ripple here. But if you are able to and make it through, you will be prompted to enter your payment information and then the next thing that will happen is you will receive a phone call where you will have to enter a code they give you. This is just a little verification process to ensure that you really are who you say you are.
Buying Ripple With Cryptocurrency
Besides purchasing Ripple with a Visa/MasterCard debit card, you can also purchase it with other cryptocurrencies as I mentioned. As I’m writing this there are over 60 different cryptocurrencies that Changelly supports. These include all the big name cryptocurrencies like bitcoin, Ethereum, Litecoin, Dash, Monero, etc.
The process of buying with cryptocurrency is easier than buying with a Visa/MasterCard debit card. Pretty much all you do is send then the cryptocurrency you want to pay with two an address that Changelly gives you, they exchange it, and then you get it back in the Ripple wallet that you provided.
Of course the downside to purchasing with cryptocurrency for many people out there is that you first have to have cryptocurrency of course.
Can’t Buy Ripple On Changelly With a Debit Card In Your Country & Don’t Have Any Cryptocurrency?
If you don’t have any cryptocurrency available to purchase Ripple with and you can’t purchase it with a debit card in the country that you live in, then what you are going to have to do is first buy cryptocurrency. You can purchase bitcoin right from the Changelly exchange if you want to and then exchange that bitcoin for Ripple. The reason you are able to do this is because debit card bitcoin purchases are processed by a different service, which as far as I know will accept payments from all over the world.
In order to purchase bitcoin from Changelly with a debit card you will go through the same sort of process as I showed above for purchasing Ripple with a debit card, which means you will need a bitcoin wallet available so that you can receive it.
What you can also do is purchase cryptocurrency from another exchange, such as Coinbase and GDAX. Both Coinbase and GDAX allow users to buy cryptocurrency with fiat money, such as USD and EUR. However, you can’t buy Ripple on either of these exchanges with fiat money. So what you can do is first purchase one of the cryptocurrencies that Coinbase and GDAX offers, such as bitcoin. Then you can sign up for your free Changelly account and exchange the bitcoin you just purchased for Ripple. If you are completely new to all of this and one things to be as simple and straightforward as possible then I would suggest using Coinbase, but if you have any experience or are looking to pay as little fees as possible then GDAX is definitely the way to go.
If you want to learn more about these two exchanges and think that this is the route you’re going to take then you can read my GDAX versus Coinbase comparison article for more information.
Summary of Everything
So Changelly is an exchange that you can send one type of currency and have them exchange it for another one which they will send back to your wallet. There payment methods include Visa/MasterCard debit cards and various different cryptocurrencies, which you can use to purchase Ripple. Unfortunately many people reading this, which might be you, will not be able to purchase Ripple on Changelly with a debit card due to many parts of the world not being supported. So what you will have to do if you still want to use Changelly to purchase Ripple is you will need to pay with cryptocurrency, which you could buy right on the Changelly exchange or you could buy on other exchanges such as Coinbase or GDAX.
I hope you found this little “how to” guide helpful. If you have any questions or comments at all feel free to leave them below and I will get back to you as soon as I can 🙂