How to Buy XRP in South Africa
What is XRP?
XRP is a popular cryptocurrency used for global transactions. Unlike other digital currencies like Bitcoin, XRP was specifically designed for quick, low-cost cross-border payments. It is often used by financial institutions to settle international transactions in real-time. The key advantage of XRP lies in its ability to reduce both the time and cost associated with traditional banking methods.
How much is 1 XRP in South African rands (ZAR)?
As of today, 1 XRP = 0.000000 South African Rands (ZAR).
Market data last updated: Sep 6, 2024, 10:26 AM (GMT)
How to buy XRP in South Africa?
One of the most efficient ways to purchase XRP in South Africa is through VALR, Africa’s leading cryptocurrency exchange by trade volume. VALR supports deposits in South African Rands (ZAR), which can be used to buy XRP on the platform.
Here’s a step-by-step guide on how you can buy XRP in South Africa using VALR:
Step 1: Log into Your VALR Account
Start by signing into your VALR account through the website or the VALR app on your phone. If you don’t have a VALR account, you can create one here. The verification process is quick and straightforward, taking only a few minutes.
Step 2: Fund Your VALR Account with ZAR
Next, deposit ZAR into your VALR account. This can be done using a South African bank account or a credit/debit card.
For bank transfers:
Go to your ZAR Wallet, select "Deposit," and choose the "Via EFT" method. Select your bank and use the displayed VALR banking details and your unique VR reference number to transfer Rands to your VALR account. Ensure you use your unique VR reference number as the beneficiary reference when making the transaction via your bank.
For credit/debit cards:
Select the "Deposit" menu after choosing "Wallet" and "ZAR" on the website or app and opt for the "Via Credit or Debit Card" option. Enter your card details on the next page. Note that only 3D Secure-enabled cards are accepted, with a rolling 24-hour card limit of 10,000 ZAR.
Step 3: Place the Order
Once your ZAR has been credited to your account (instantly for credit card payments and around 2 business days for EFT transfers), you can use your new fiat balance to buy XRP in South Africa. You can purchase XRP in two ways:
1. Via Simple Buy/Sell:
Select "Buy/Sell" on the website or in the app, then pick XRP as the currency you want to buy. Choose ZAR as the currency to pay with, specify the amount of XRP you wish to purchase, and finalise the trade.
2. Via Pro Trading:
Select the "XRP/ZAR" Spot pair from the "Pro Trading" menu. Pro Trading allows you to set custom order parameters, such as the type of order (Limit, Market, Stop-Limit), the Limit price, and the time in force. After providing these details, as well as the amount of XRP to buy, click "Place Buy Order" to complete the transaction.
If you’re ready to buy XRP through VALR but don't have an account yet, sign up and get started in just a few minutes!
Common BTC to XRP Conversions
| Amount (ZAR) | XRP Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions (FAQ)
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The best way to buy XRP is through a reputable cryptocurrency exchange like VALR. It offers a secure platform, multiple payment methods, and both simple and advanced trading options to suit your needs.
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Direct cash purchases of XRP are not commonly available in South Africa. However, you can deposit cash into your bank account and then transfer it to your VALR account to buy XRP.
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To start trading XRP, you first need to sign up for a VALR account. After completing the verification process, deposit ZAR into your account, and you can begin trading XRP through Simple Buy/Sell or VALR's advanced trading platform.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
