How to Buy XRP with USDT on Binance: Step-by-Step Guide for 2024

Introduction: Trading XRP with USDT on Binance

XRP, Ripple’s native cryptocurrency, offers fast cross-border transactions, while USDT (Tether) provides stability as a USD-pegged stablecoin. Buying XRP with USDT on Binance—one of the world’s largest crypto exchanges—combines liquidity, low fees, and security. This guide walks you through the entire process, from account setup to executing your first trade, plus essential tips for beginners.

Step 1: Create and Verify Your Binance Account

Start by setting up a secure Binance account:

1. Visit Binance’s official website and click ‘Register’.
2. Enter your email and create a strong password.
3. Complete identity verification (KYC): Upload a government ID and take a selfie for security compliance.
4. Enable two-factor authentication (2FA) via Google Authenticator for added protection.

Step 2: Deposit USDT into Your Binance Wallet

Fund your account before trading:

• Navigate to ‘Wallet’ > ‘Fiat and Spot’ in your dashboard.
• Search for ‘USDT’ and click ‘Deposit’.
• Choose a compatible network (e.g., TRC-20 for lower fees or ERC-20 for wider support).
• Send USDT from your external wallet/exchange to the generated deposit address. Confirmations typically take 5-30 minutes.

Tip: Ensure network consistency to avoid lost funds. Binance supports USDT deposits via BEP-20, TRC-20, ERC-20, and more.

Step 3: Locate the XRP/USDT Trading Pair

Access the trading interface:

1. Go to ‘Trade’ > ‘Classic’ or ‘Advanced’ trading view.
2. In the markets section, search for ‘XRP/USDT’.
3. Select the pair to open the trading chart and order panel.

Step 4: Place Your Buy Order for XRP

Execute your trade using two primary methods:

• Market Order: Buy XRP instantly at the best available price. Ideal for beginners.
• Limit Order: Set your desired XRP price. The order executes only when the market hits that price.

How to buy: Enter the amount of XRP you want or the USDT to spend. Review fees, then click ‘Buy XRP’. Your XRP will appear in your Spot Wallet immediately.

Step 5: Secure Your XRP After Purchase

Protect your investment:

1. Store on Binance: Suitable for active traders; insured by SAFU fund.
2. Withdraw to a private wallet: Use hardware wallets (Ledger, Trezor) or XRP-compatible software wallets (e.g., XUMM). Withdraw via ‘Wallet’ > ‘Withdraw’, selecting the XRP network.

Frequently Asked Questions (FAQ)

Is Binance safe for buying XRP with USDT?

Yes. Binance employs industry-leading security: 2FA, cold storage for 95% of assets, and a $1 billion SAFU insurance fund. Regulatory compliance adds further protection.

What fees apply when trading XRP/USDT?

Binance charges 0.1% per spot trade. Fees drop to 0.075% if paying with BNB. USDT deposits are free, but withdrawals incur network fees (e.g., ~1 USDT for TRC-20).

How long does the entire process take?

Account verification: 15 minutes to 2 days. USDT deposits: 5-30 minutes. Trading: Instant. Withdrawals: 2-5 minutes.

Can I use other stablecoins like USDC instead of USDT?

Yes! Replace USDT with BUSD, USDC, or other pairs (e.g., XRP/BUSD). The process remains identical—just select your preferred stablecoin pair.

What’s the minimum USDT amount to buy XRP?

Minimum order size is 10 XRP (≈5 USDT). Smaller purchases may be possible via Binance Convert or third-party platforms.

Conclusion

Buying XRP with USDT on Binance is straightforward: verify your account, deposit USDT, trade via the XRP/USDT pair, and secure your assets. With low fees and robust security, Binance streamlines crypto transactions for both novices and experts. Always research market trends and never invest more than you can afford to lose.