How to buy XRP on Binance: steps, fees and EU limits

If you live in the EU, you can’t buy XRP on Binance any more. Binance has no MiCA licence, and since 1 July 2026 EU users can only withdraw: no sign-ups, no deposits and no new spot orders. EU residents should buy XRP at a MiCA-licensed exchange instead, for example with our guide on how to buy XRP on Kraken.

For readers outside the EU, this guide still explains how to buy XRP on Binance, where spot trading costs 0.10%. We checked Binance’s fee schedule, licences page and public API, and ESMA’s MiCA register, on 23 October 2026. We haven’t opened a Binance account ourselves, so the steps are described in general terms: screens, payment methods and button names can differ by country.

Can you buy XRP on Binance in the EU?

No. Binance holds no MiCA authorisation in any EU country, so it may not provide crypto services to EU residents. Since 1 July 2026 it has stopped onboarding EU users and suspended deposits, new spot orders and Earn (where users could stake coins), while keeping withdrawals open.

• January 2026: Binance applied for a MiCA licence with Greece’s HCMC.
• 24 June 2026: it withdrew that application, after reports that the regulator was leaning towards rejection.
• 1 July 2026: the EU-wide MiCA transition period ended, and EU accounts moved to withdrawals only.
• 22 October 2026: ESMA’s interim MiCA register, last updated that day, still listed no Binance entity.

Binance says it is “not leaving Europe” and will apply in another member state, but we could not confirm a new application. In the Netherlands, Binance hasn’t been available since July 2023, after De Nederlandsche Bank fined it €3.3m in 2022 for operating without registration.

Binance.US is a separate company

Binance.com does not serve US residents. People in the US use the separate Binance.US, which has its own app, fees and list of tokens. This guide covers Binance.com only.

Licensed crypto exchanges where EU residents can buy XRP

EU residents can buy XRP with euros at MiCA-licensed cryptocurrency exchanges that list an XRP/EUR market. We checked these three on their public APIs on 23 October 2026, and each had an active XRP/EUR pair:

None matches Binance’s 0.10%, but each is supervised in the EU and open to you. Kraken has the longest track record of the three (founded 2011) and free SEPA deposits; Bybit EU has the lowest flat fee but a $1.5bn hack in February 2025. See our guides to buying XRP on Kraken and buying XRP on Bybit, or compare Binance vs Kraken.

What is XRP?

XRP is the native digital asset of the XRP Ledger, a blockchain created in 2012 for payments. According to xrpl.org, transactions settle in 3 to 5 seconds, and no more than the original 100 billion XRP can exist, because all of it already exists, so no new XRP is mined.

Ripple is a company that builds payment products, and the ledger’s founders gave it 80 billion XRP, but xrpl.org describes XRP as a digital asset independent of Ripple. So when people search to buy Ripple on Binance, they mean the XRP coin.

Live price, USD price and circulating supply

Binance’s price pages show XRP’s live price in real time, usually as a USD price, alongside figures such as market cap and circulating supply. Those numbers describe how big and busy a market is, not whether XRP is a good buy today. The price of any cryptocurrency is volatile, and we don’t make price predictions.

How to buy XRP on Binance outside the EU

Buying XRP on Binance takes six steps: open an account, verify your identity, secure the account, deposit money, buy XRP and, optionally, withdraw it to your own wallet. When you’re ready, follow the steps below, and expect 20 to 40 minutes, plus waiting time if the identity check or a bank transfer takes longer.

Choosing a payment method

The payment methods Binance offers differ depending on your country: typically a bank transfer, a debit or credit card, or crypto you send from another wallet. Binance’s API lists 13 fiat currencies, including the euro and the US dollar (USD). Note that Binance’s card fees weren’t published on the pages we could read, so compare the total on screen with a bank transfer before you choose.

Quick buy, Convert or a spot order to trade XRP?

For the lowest published cost, trade XRP on the spot market. Quick buy and Convert are convenient and show one USD price or euro price with any markup built in, but Binance doesn’t publish that markup, so you can’t check it in advance. Binance’s public API listed XRP/USDT, XRP/USDC and XRP/EUR as trading on 23 October 2026, plus XRP against other cryptocurrencies such as BTC (XRP/BTC) and ETH (XRP/ETH), so you can also swap coins you already hold.

• Market order: fills straight away at the best available price and pays the 0.10% taker fee.
• Limit order: you choose the price. If it waits in the order book, it pays the 0.10% maker fee, and it may not fill if the price moves away.

Because maker and taker fees are both 0.10% on Binance, a limit order mainly protects the price you pay, not the fee. That matters most on large orders, in markets with thin liquidity or during fast price movements, when a market order can fill at a worse price than you expected.

Binance fees: what €100 and €1,000 of XRP cost

A €1,000 spot buy of XRP on Binance costs €1.00 in trading fees, or €0.75 if you pay in BNB; a €100 buy costs €0.10. These are the only buying costs Binance publishes: deposit fees and the quick-buy markup were not available when we checked.

Lower fees are available in VIP tiers based on 30-day trading volume or BNB balance. Paying fees in BNB means holding another volatile token, which can cost more than it saves. Our Binance fees page tracks every cost we can verify.

Withdrawing XRP from Binance: destination tags and the travel rule

To withdraw XRP from Binance, select XRP, choose the XRP Ledger network, paste the receiving address and, if that address belongs to an exchange, enter its destination tag. This is also the route for EU users moving their remaining XRP off Binance, because withdrawals still work.

A destination tag is a number that tells the receiving exchange which customer to credit, because many exchanges share one XRP address. According to the XRP Ledger documentation, a payment without the tag can leave the exchange unable to match it to you, which can need manual help from its support team, and some addresses reject untagged payments outright.

• Verify the new account first. Finish identity verification at the licensed exchange before you send.
• Expect travel-rule questions. Since 30 December 2024, EU platforms must pass on sender and recipient details with transfers between providers, so your new exchange may ask you to confirm the XRP comes from your own Binance account.
• Fund a new wallet with enough XRP. Every XRP Ledger address must hold a base reserve, currently 1 XRP according to xrpl.org.
• Send a test amount, then the rest. XRP transactions settle in seconds and can’t be reversed.
• Save your records. Download your Binance trade and withdrawal history while you still have access.

Where to store XRP after you buy

XRP left on Binance is in Binance’s custody: you rely on the company to keep user assets and let you withdraw. Binance publishes Merkle-tree and zk-SNARK proof of reserves and keeps a SAFU fund of 15,000 BTC (about $1bn), which covered a 7,000 BTC hot-wallet theft in 2019, but that is a company fund, not a legal protection scheme.

If you plan to hold, consider a personal crypto wallet where you keep the keys:

• Our guide to wallet types compares software, mobile and hardware wallets.
• A hardware wallet keeps your keys offline and is the usual choice for larger amounts; check that it supports XRP.
• With self-custody, write your recovery phrase on paper and never share it with anyone, including “support” staff.

Common mistakes when buying XRP on Binance

The biggest mistakes are using Binance from the EU and losing XRP through a missing tag. Watch out for these:

• Using Binance while living in the EU. Without a MiCA licence, no EU regulator supervises its service to you, and your account is withdrawal-only.
• Forgetting the destination tag when you send XRP to another exchange.
• Paying by card without checking the fee. Card fees weren’t published and can cost more than the 0.10% trading fee.
• Switching to futures or margin by mistake. Most retail traders lose money with leverage, and you can lose your whole stake quickly.
• Trusting “account migration” messages. Check news and announcements in the Binance app or on binance.com itself.

Taxes on XRP

Buying XRP isn’t taxed in itself, but holding and selling it can be: in the Netherlands, crypto counts towards your box 3 assets on 1 January wherever you hold it (for 2026, a 6.00% notional return taxed at 36% above €59,357 per person), and in Germany, gains on crypto sold after more than a year are generally tax-free under the private-sale rules (a September 2026 draft bill would end that for coins bought from 2027). Moving XRP between your own accounts is not a sale.

Who Binance is for

Binance suits experienced traders outside the EU who want low fees and more than 500 crypto assets, and who accept a heavy regulatory record: in 2023 Binance pleaded guilty in the US to anti-money-laundering and sanctions violations and agreed to pay about $4.3bn. Everyone living in the EU should look elsewhere. Our Binance review covers the full picture.