Introduction:

The spotlight in the cryptocurrency world is currently on XRP due to the ongoing legal battle faced by Ripple. In July 2023, Ripple saw a partial victory when a judge ruled that XRP isn't considered a security when traded on crypto exchanges, leading to a rapid increase in its price. If you're keen on capitalizing on potential price hikes of XRP, acquiring it at a low cost could be advantageous. Among the various platforms available, Coinbase stands out as one of the best options for buying XRP. This guide will walk you through the process of purchasing XRP on Coinbase.

Step 1: Setting Up a Coinbase Account

To initiate the buying process on Coinbase, you first need to create an account. This can be done by either visiting the Coinbase website or downloading the mobile application. For seasoned traders, accessing Coinbase Pro allows for utilizing advanced features alongside purchasing XRP. Once registered, account verification is essential, requiring the submission of identity and address proofs to comply with KYC and AML regulations.

Step 2: Adding a Payment Method

Funding your Coinbase account is necessary to proceed with purchasing XRP. This involves adding a preferred payment method, such as bank accounts, credit/debit cards, or wire transfers, through the payment method section on the Coinbase platform.

Step 3: Finding XRP in the Asset List

Locating XRP on Coinbase is the subsequent step. On the website, navigate to the Buy & Sell section, while on the mobile app, click on the "Buy" option and utilize the search bar to find XRP.

Step 4: Entering Purchase Details

Upon selecting XRP, input the desired spending amount for purchasing XRP coins. The platform will automatically display the quantity of XRP coins obtainable based on the entered amount, allowing adjustments as per preference.

Step 5: Completing the Purchase

Review the purchase details by clicking on "Preview Buy" and ensure accuracy before confirming the transaction by clicking on "Buy Now." Upon confirmation, a confirmation screen will appear, and the purchased tokens will be received once the order is processed, with the acquired XRP tokens reflected in your account.

Conclusion:

XRP has experienced price surges following favorable developments in its legal battles against the US SEC. With its next hearing scheduled for 2024, the crypto community eagerly awaits the final verdict. Keeping abreast of the Ripple vs. SEC updates on platforms like CoinGape can provide valuable insights. Despite the ongoing legal saga, XRP has demonstrated its potential as a promising investment, poised to surge in value if the verdict favors Ripple. In the meantime, purchasing XRP on Coinbase remains a straightforward process, as outlined in this guide.