How to Buy RLUSD – Beginner’s Guide to Ripple’s Stablecoin

Ripple launched its RLUSD stablecoin pegged to the U.S. dollar. It’s designed to bring stability and flexibility to digital transactions. Given the significant DeFi activity centered around stablecoins, Ripple views the launch of its own stablecoin as an opportunity to draw more users to the XRP Ledger ecosystem.

If you’re new to this stablecoin and don’t know where to buy it, don’t worry—this beginner’s guide to RLUSD is here to help. We’ll explain how to buy RLUSD and point you to the best Ripple USD exchanges.

How and Where to Buy Ripple USD? Summary

This guide will take you step-by-step through how to buy RLUSD on trusted platforms like Uphold, Bitstamp, and MoonPay. You’ll also learn how to set up an account, deposit funds, and securely store RLUSD in a wallet that supports it. RLUSD is a reliable, USD-backed stablecoin built for enterprise use, emphasizing trust, utility, and compliance while drawing on Ripple’s deep expertise in crypto and finance.

Best Exchanges to Buy RLUSD

If you’re thinking about buying RLUSD, picking the right exchange is important. You need to be aware of regional restrictions, verification requirements, and, most importantly, whether the exchange even supports RLUSD.

To make things easier, we’ve rounded up some of the top platforms where you can securely and conveniently purchase Ripple’s stablecoin. Each platform has its own set of features, so you can choose the one that best fits your needs.

Uphold: Best Ripple USD Exchange Offering Highest Security

Uphold is a one-stop platform for trading various assets like cryptocurrencies, fiat currencies, precious metals, and U.S. equities. Its user-friendly design and “anything-to-anything” trading feature make switching between assets effortless. Available in over 180 countries, Uphold caters to a global audience.

How to Buy RLUSD with Uphold

1. Create an Account: Sign up via Uphold’s website or app, providing your details and completing verification.
2. Deposit Funds: Add money to your account using bank transfer, card, or crypto.
3. Go to Trading: Select RLUSD as the asset you want to buy.
4. Buy RLUSD: Enter the amount, confirm, and your RLUSD is now in your Uphold wallet.
5. Secure Your Assets: For added safety, consider moving your RLUSD to an external wallet.

Uphold Pros and Cons

Uphold is a good choice if you’re looking for a simple, all-in-one platform to trade and manage different assets. It’s easy to use, super transparent, and perfect for beginners. Just keep an eye on the trading fees if you’re a frequent trader or need advanced features.

If you want to know more about the exchange, check out our detailed Uphold review.

Visit Uphold

Bitstamp: One of The Oldest and Most Trusted Exchanges

Bitstamp is one of the longest running exchanges in the crypto world. Launched in 2011, it’s been around longer than most exchanges and has built a reputation for reliability and security.

Whether you’re new to crypto or a seasoned trader, Bitstamp offers a straightforward, secure platform to trade both cryptocurrencies and fiat currencies.

How to Buy RLUSD with Bitstamp

1. Sign Up: Head to Bitstamp’s website, create an account, and complete the verification process.
2. Add Funds: Deposit money into your account using a bank transfer, card, or cryptocurrency.
3. Find RLUSD: Navigate to the trading section and search for the RLUSD trading pair.
4. Place Your Order: Choose how much RLUSD you want, pick the type of order (market or limit), and confirm the purchase.
5. Keep It Safe: Your RLUSD will show up in your Bitstamp wallet. For extra security, consider moving it to a personal wallet.

Bitstamp Pros and Cons

Bitstamp is a great choice if you’re looking for a reliable and secure crypto exchange with a long and established history. Its user-friendly interface makes it ideal for beginners, and its competitive fees and advanced tools appeal to seasoned traders.

While the limited crypto selection and lack of margin trading might be drawbacks for some, Bitstamp’s strong security and commitment to compliance make it a trustworthy option for most users.

To know more about this exchange, read our comprehensive Bitstamp review.

Visit BitStamp

Bitso: Beginner-friedly Exchange Offering Multi-Currency Support

Bitso, founded in 2014, has become the go-to crypto exchange in Latin America, serving users in Mexico, Argentina, Brazil, and Colombia. It’s designed to make crypto trading simple while bridging the gap between traditional money and digital assets.

With its focus on regulatory compliance and an easy-to-use platform, Bitso is a trusted choice for beginners and experienced traders alike.

How to Buy RLUSD with Bitso

1. Sign Up: Visit Bitso’s website or app, create an account, and complete the verification process.
2. Deposit Funds: Add money via bank transfer or crypto deposit.
3. Find RLUSD: Go to the trading section and search for the RLUSD trading pair.
4. Place Your Order: Enter how much RLUSD you want, pick your order type (market or limit), and confirm the purchase.
5. Secure Your Assets: Your RLUSD will appear in your Bitso wallet. For extra safety, consider transferring it to a personal wallet.

Bitso Pros and Cons

Bitso is perfect for users in Latin America who want a reliable, secure, and beginner-friendly platform to trade crypto. Its regulatory compliance and advanced features make it trustworthy, while its competitive fees and mobile accessibility add to the appeal.

However, you might want to look elsewhere if you’re outside its main markets or want access to a broader range of cryptocurrencies. For those in its supported regions, Bitso is an excellent choice.

MoonPay: Available in Over 160 Countries and Supports 80+ cryptocurrencies

MoonPay is a gateway for users to crypto, making it easy to buy and sell over 80 cryptocurrencies using everyday payment methods like credit cards, bank transfers, and even Apple Pay or Google Pay.

Launched in 2019, MoonPay now operates in more than 160 countries, helping both individuals and businesses get into the crypto world without the hassle.

How to Buy RLUSD with MoonPay

1. Get Started: Visit the MoonPay website or use a wallet that supports MoonPay integration.
2. Pick RLUSD: Select RLUSD from the list of cryptocurrencies.
3. Enter the Amount: Decide how much RLUSD you want to buy or the fiat equivalent.
4. Provide Your Wallet Address: Input the address where your RLUSD will be sent.
5. Verify Your Info: If you’re new, complete a quick verification process with your email and basic details.
6. Choose Payment Method: Select how you want to pay—credit/debit card, bank transfer, or a digital wallet like Apple Pay or Google Pay.
7. Review and Purchase: Double-check the transaction details, confirm, and you’re all set! Your RLUSD will arrive in your wallet shortly.

MoonPay Pros and Cons

MoonPay is an excellent choice if you’re looking for a straightforward way to buy and sell crypto. Its global availability, wide range of cryptocurrencies, and multiple payment options make it ideal for beginners and casual users.

However, if you’re an advanced trader or want lower fees, you might want to explore other options. For a quick, easy, and reliable crypto experience, MoonPay is a solid pick.

CoinMENA: Provides Simple User Interface & Educational Resources

CoinMENA, launched in 2019 and based in Bahrain, is a cryptocurrency exchange tailored to the Middle East and North Africa (MENA) region. Fully licensed by the Central Bank of Bahrain, it’s designed for users who value regulatory compliance and a platform that supports local currencies.

Whether you’re a retail investor or an institution, CoinMENA makes buying, selling, and managing crypto like Bitcoin and Ethereum simple and secure.

How to Buy RLUSD with CoinMENA

1. Sign Up: Visit the CoinMENA website, create an account, and complete the verification process.
2. Deposit Funds: Add money to your account using bank transfers or cryptocurrency deposits.
3. Find RLUSD: Head to the trading section and search for RLUSD.
4. Place Your Order: Enter how much RLUSD you want, choose the order type (market or limit), and confirm.
5. Secure Your RLUSD: Your RLUSD will appear in your CoinMENA wallet. For extra safety, consider transferring it to a personal wallet.

CoinMENA Pros and Cons

If you’re in the MENA region and want a regulated, Sharia-compliant platform with local currency support, CoinMENA is a top choice. It’s secure, user-friendly, and perfect for beginners or those looking for straightforward crypto trading.

However, if you’re outside the region or need access to a wider range of cryptocurrencies, you might want to explore other exchanges. For those in its service area, CoinMENA is a reliable and trustworthy option for crypto trading.

Understanding Ripple’s Stablecoin RLUSD: The Basics

Under the leadership of CEO Brad Garlinghouse, Ripple has made a bold move into the stablecoin sector with the introduction of Ripple USD (RLUSD). Built on the XRPL (XRP Ledger), RLUSD is designed to make digital payments faster, more reliable, and less affected by price swings.

With Ripple’s strong reputation in blockchain and cross-border payments, RLUSD is expected to play a big role in improving how stablecoins are used. Well, this stablecoin is accessible on both the XRP Ledger and Ethereum blockchain, providing enhanced flexibility and scalability to support a wide array of financial applications.

Why Stablecoins are Important?

Stablecoins are becoming a key part of modern finance. By pegging their value to assets like fiat currencies or commodities, stablecoins provide a steady alternative to volatile cryptocurrencies, making them ideal for reducing price swings and enabling smooth cross-border payments.

According to Harvard Law School’s Corporate Governance Blog, stablecoins peg their value to assets like fiat currencies or commodities, making them perfect for reducing price swings and enabling seamless cross-border payments.

The numbers speak for themselves. Harvard Business Review reports that in 2021, stablecoins like Tether (USDT) and USD Coin (USDC) accounted for over 75% of daily crypto trading volumes.

Additionally, the FCA’s November 2023 Discussion Paper highlights that fiat-backed stablecoins facilitated approximately $7.5 trillion in on-chain transactions on Ethereum in 2022. This shows just how critical they’ve become for providing liquidity and enabling efficient transactions in the crypto world.

Stablecoins bridge the gap between the unpredictable nature of cryptocurrencies and the stability of traditional fiat currencies, making them incredibly useful for everyday transactions. For example, traders often convert Bitcoin (BTC) into stablecoins like Tether (USDT) or USD Coin (USDC), both pegged to the US Dollar, to protect their investments from market volatility.

What is RLUSD?

RLUSD is Ripple’s version of a stablecoin, and it’s pegged 1:1 to the U.S. dollar. Basically, every RLUSD token is worth exactly one dollar, no matter what. It’s backed by reserves of cash and cash equivalents to keep things stable.

Plus, RLUSD works on both the XRP Ledger and Ethereum blockchain, making it easy to use for all sorts of financial applications.

Why RLUSD is Gaining Popularity?

A few things make RLUSD stand out. First, it’s issued by Standard Custody & Trust Company (SCTC), which is regulated by the New York Department of Financial Services (NYDFS). This means it follows strict rules, which builds trust.

Second, its reserves are audited monthly by big-name accounting firms, so users know it’s fully backed. Lastly, RLUSD fits right into Ripple’s payment ecosystem, which could make it a game-changer for fast, low-cost cross-border transactions.

Is RLUSD Better Than USDT?

RLUSD and Tether (USDT) are both stablecoins, but they’re not the same. RLUSD is regulated by NYDFS, which ensures it meets strict standards, while USDT has faced criticism over its regulatory transparency.

RLUSD also has monthly audits to prove its reserves are solid, whereas USDT’s audits have been less consistent. While USDT is more widely used, RLUSD’s integration with Ripple’s payment systems gives it an edge in areas like global payments and liquidity management.

Is RLUSD a Good Investment?

RLUSD isn’t really meant to be an investment—it’s built to stay stable at $1 per token. People use stablecoins like RLUSD to avoid the ups and downs of the crypto market, make smooth transactions, or earn yields on DeFi platforms.

If you’re thinking about using RLUSD, focus on its reliability, transparency, and how well it works within Ripple’s ecosystem. It’s not about making big gains, but it’s a great tool for stability and efficiency in the crypto world.

Beginner’s Guide to Buying RLUSD

If you’re looking to buy RLUSD but aren’t sure where to begin, this guide will take you through the process step by step. Whether you’re new to crypto or just need a clear walkthrough, this guide will help you get started.

Step 1: Choose a Supported Exchange

First, you’ll need to find a cryptocurrency exchange that offers RLUSD. Some popular ones include:

• Uphold
• Bitstamp
• Bitso
• MoonPay
• CoinMENA

Make sure the exchange you choose is available in your country and suits your needs—think about things like fees, security, and how easy it is to use.

Step 2: Create and Verify Your Account

Once you’ve chosen an exchange, here’s what to do:

1. Sign Up: Go to the exchange’s website, enter your email, and create a strong password.
2. Verify Your Identity: Complete the KYC (Know Your Customer) process. This usually means uploading an ID and proof of address. It might sound tedious, but it’s necessary for security and to follow regulations.

Step 3: Deposit Funds into Your Account

After your account is all setup, you’ll need to fund it. You’ve got two options:

1. Deposit Fiat (Regular Money): Use a bank transfer, debit/credit card, or another supported payment method. Fees and processing times will depend on the exchange and payment method you use.
2. Deposit Crypto: If you already own some crypto, you can send it to your exchange wallet and swap it for RLUSD later.

Step 4: Search for RLUSD and Buy It

Now that your account is funded, it’s time to buy RLUSD:

1. Find RLUSD: Go to the trading section of the exchange and search for RLUSD. You’ll usually see it paired with fiat currencies (like USD) or other cryptocurrencies (like BTC or ETH).
2. Place Your Order:
   • Market Order: Buy RLUSD instantly at the current price—quick and simple, but prices might fluctuate a bit.
   • Limit Order: Set a specific price you’re willing to pay. Your order will go through once the market hits that price.
3. Confirm Your Purchase: Double-check the order details, including fees, and hit “Buy.” That’s it! Your RLUSD will show up in your exchange wallet.

Best Decentralized Crypto Wallet to Store RLUSD Safely

If you’re looking for a secure way to store RLUSD, a decentralized wallet is the way to go. Unlike custodial wallets, decentralized wallets give you full control of your private keys, meaning only you have access to your funds.

We’ve put together a list of the best wallets that support RLUSD and make managing your assets simple and safe.

Best Wallet is our favorite option due to its versatility in features and ease of use when it comes to getting started.

Best Wallet

Best Wallet is a decentralized, non-custodial cryptocurrency wallet that gives you full control of your digital assets. One standout feature is its built-in decentralized exchange (DEX), which lets you trade cryptocurrencies directly in the wallet.

This means you don’t need to move your funds to another platform, making the process quicker and safer.

It supports over 50 blockchain networks, so you can manage a wide variety of assets all in one place. Since it’s non-custodial, you’re the one who holds your private keys, which means you have full ownership of your funds. It’s a straightforward and secure option for investors.

Best Wallet Pros and Cons

Best Wallet offers a secure and user-friendly platform for managing a diverse range of cryptocurrencies across multiple blockchains. Its non-custodial design ensures users maintain full control over their assets, while features like integrated crypto swaps and staking opportunities enhance its appeal.

However, the absence of advanced trading tools and limited direct customer support may be considerations for more experienced traders. If you want to know more about this wallet, dive into our comprehensive Best Wallet review.

Visit Best Wallet

Trezor

Trezor, developed by SatoshiLabs, is a hardware wallet designed to provide secure offline cryptocurrency storage.

Trezor is known for its robust security measures and user-friendly interface, Trezor supports a wide array of digital assets, making it a popular choice among crypto enthusiasts.

Trezor Pros and Cons

Trezor is a reliable hardware wallet offering top-tier security for cryptocurrency storage. Its user-friendly interface, especially in the Model T, combined with support for a vast range of digital assets, makes it suitable for both novice and experienced users.

However, the higher price point and absence of certain features like native staking and mobile support may influence user decisions based on individual needs and preferences.

Want to know more about the Trezor wallet? Read our complete review: Trezor Model T Review and Comparison

Visit Trezor

Zengo

Zengo is a next-gen cryptocurrency wallet designed to make managing crypto as simple and secure as possible.

Unlike traditional wallets, Zengo uses Multi-Party Computation (MPC) technology to eliminate private keys and seed phrases, so you don’t have to worry about losing access to your funds.

Zengo Pros and Cons

Zengo is a great choice for anyone looking for a secure, hassle-free crypto wallet. Its keyless setup removes the risks of losing private keys, while features like ClearSign provide extra protection for Web3 transactions.

While it may not have everything advanced users need, Zengo is a good option for simple, safe, and accessible crypto management.

Read our in-depth analysis to uncover what makes the Zengo wallet stand out: Zengo Review – The Wallet Without a Private Key

Visit Zengo

Tips for Buying RLUSD

Although buying RLUSD seems straightforward, several important factors must be considered to ensure a smooth and hassle-free experience.

Choose Trusted Exchanges

Look for well-known cryptocurrency exchanges that list RLUSD. Check for strong security measures, good user reviews, and compliance with regulations. Many exchanges require ID verification, so have your documents ready just in case.

Verify Fees

Every exchange and payment method has different fees for deposits, withdrawals, and trades. Take a moment to review these costs so you know exactly what to expect and can avoid unnecessary surprises.

Use a Secure Wallet

Once you’ve purchased RLUSD, it’s a good idea to move it to a non-custodial wallet where only you control the private keys. This adds an extra layer of security to your funds. Just make sure your wallet supports RLUSD and its blockchain. We recommend Best Wallet for storing RLUSD because of its top-notch security features.

Understand RLUSD’s Utility

RLUSD is pegged to the U.S. dollar, making it stable and versatile. You can use it for fast cross-border payments, shielding your funds during market swings, or as a simple way to trade within the crypto space. Knowing how it works can help you make the most of it.

Conclusion: How and Where to Buy RLUSD?

Getting your hands on RLUSD, Ripple’s stablecoin, is pretty simple once you know the steps. First, pick a reliable exchange like Uphold, Bitstamp, Bitso, MoonPay, or CoinMENA—these are some of the best options.

Create an account, verify your details, and deposit funds using fiat or crypto. Once you’re set-up, search for RLUSD, decide how much you want, and make your purchase.

For extra safety, move your RLUSD to a secure wallet like Best Wallet, for example, which works with the XRP Ledger or Ethereum blockchain. RLUSD is designed to be stable, flexible, and useful for everyday payments, so it’s worth considering if you’re diving into digital finance.

With this guide, you’re ready to jump in and start using RLUSD confidently!

Frequently Asked Questions

References

• Harvard Law School Forum on Corporate Governance. “Stablecoins.” Harvard Law School Forum on Corporate Governance, 10 Feb. 2019, https://corpgov.law.harvard.edu/2019/02/10/stablecoins/.
• Harvard Business Review. “Stablecoins and the Future of Money.” Harvard Business Review, Aug. 2021, https://hbr.org/2021/08/stablecoins-and-the-future-of-money.
• Financial Conduct Authority. “Discussion Paper DP23/4: Stablecoins.” Financial Conduct Authority, Nov. 2023, https://www.fca.org.uk/publication/discussion/dp23-4.pdf.
• CoinGecko. “Ripple USD.” CoinGecko, https://www.coingecko.com/en/coins/ripple-usd.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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Anthony Clarke

Crypto Writer

Anthony Clarke's crypto journey began in 2017, sparked by a discovery on Quora. After purchasing Bitcoin and Verge as his first cryptocurrencies, he developed a deep interest in the emerging world of blockchain technology. This led him to begin writing... Read More

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