How To Buy XRP on MetaMask: A Step-by-Step Guide

Network Setup, Token Import, and Purchase Via DEXs or CEXs: How to buy and store XRP on MetaMask
How To Buy XRP on MetaMask: A Step-by-Step Guide
Written By:
Bhavesh Maurya
Published on
Summary

MetaMask doesn’t support native XRP, but you can store Wrapped XRP (wXRP) through Ethereum or BNB Smart Chain networks. This guide walks you through setting up your wallet, adding compatible networks, importing wXRP tokens, and purchasing them via DEXs like PancakeSwap or Uniswap. By using wXRP, users can interact with DeFi dApps while tracking XRP’s price movement. Just ensure to verify token addresses and select the correct network to avoid losses.

Ripple’s XRP, one of the most traded cryptocurrencies worldwide, is a powerful utility for cross-border payments. However, XRP does not run natively on Ethereum like ERC-20 tokens do, so you cannot buy it directly through MetaMask like any other cryptocurrency in the traditional sense. There are still ways to store XRP in your MetaMask wallet and interact with it, such as using wrapped XRP or utilizing network compatibility.

Native XRP vs Wrapped XRP

MetaMask only supports Ethereum-compatible tokens, so you cannot directly store native XRP. What you can store is Wrapped XRP (wXRP), which is a fully-backed 1:1 version of XRP deployed on a network like Ethereum or BNB Smart Chain. 

You can convert XRP to wXRP or buy wXRP directly on a supported DEX such as Uniswap or PancakeSwap and then store it on MetaMask.

Step-by-Step Guide to Buy XRP on MetaMask

Step 1: Set Up MetaMask

  • Download MetaMask from https://metamask.io 

  • Create a wallet or import an existing wallet with your seed phrase. 

  • Be sure to save your seed phrase safely.

Step 2: Add a Compatible Network

If you're going to use your wXRP on Ethereum (or Ethereum-based networks), you do not need to make any further changes. 

If you're going to use wXRP on BNB Smart Chain (BSC): 

Step 3: Add the XRP Token Manually

To be able to see your wXRP in your MetaMask: 

  • Select “Import Tokens” at the bottom 

  • Enter the token contract address: 

    - BSC wXRP: 0x1f2f0b38973f1a2b9c3bb71989f7e39306a72e57 

    - Ethereum wXRP: You will need the appropriate ERC-20 contract address; you can get this from a reputable website (like CoinGecko). 

MetaMask will auto-fill to finish this. Just confirm to add.

Step 4: Buy wXRP via DEX or CEX

Option A: Use a DEX (like PancakeSwap or Uniswap)

Option B: Use a centralized exchange (like Binance)

  • Buy XRP or wXRP on Binance

  • Withdraw it to your MetaMask wallet using the BNB Smart Chain or Ethereum network and the wrapped token version.

Step 5: Confirm Transaction and Monitor Balance

After a successful swap, your wXRP balance will appear in the Assets tab on MetaMask. It's always a good practice to verify the token address and the network prior to making any transaction.

Final Thoughts

Although MetaMask does not inherently support XRP, it is very easy and secure to buy, wrap, and store Wrapped XRP (wXRP) on the Ethereum or BNB Smart Chain networks when done correctly. Verify contract addresses, use reputable exchanges, and keep your MetaMask seed phrase secure. 

By using wrapped XRP (wXRP), you can take advantage of the price movement of XRP and use DeFi protocols and dApps in the Ethereum or BSC networks. Just remember - the key is to choose the correct network and the accurate token address to avoid an expensive mistake.

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