XRP is a payment-focused digital asset built for transferring value quickly and efficiently. Unlike an ERC-20 or BEP-20 token deployed through a smart contract, XRP is the native coin of the XRP Ledger, commonly abbreviated as XRPL.
Considering XRP’s established ecosystem, payment utility, and active global market, Tokpie has listed XRP and opened the XRP/USDT trading pair. Users can now buy XRP with USDT, sell XRP for USDT, deposit native XRP from an external wallet, and withdraw it through the XRP Ledger.
Continue reading to discover what XRP is, how XRP differs from Ripple, what makes the XRP Ledger useful, and how to trade XRP on Tokpie.
XRP coin information
Key information about XRP and its native XRP Ledger network.
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| Parameter | Details |
|---|---|
| Asset name | XRP |
| Symbol | XRP |
| Blockchain | XRP Ledger |
| Network abbreviation | XRPL |
| Asset type | Native digital asset |
| Original maximum supply | 100,000,000,000 XRP |
| Smallest unit | One drop, equal to 0.000001 XRP |
| Smart-contract address | Not applicable |
| Tokpie trading pair | XRP/USDT |
XRP does not have a token contract address. Therefore, users should not search for an ERC-20, BEP-20, or similar contract when depositing native XRP. Transfers must be made through the XRP Ledger network using the address and, when required, the Destination Tag displayed by the receiving platform.
What is XRP?
XRP is the native digital asset of the XRP Ledger. It is used to transfer value, pay the ledger’s transaction costs, maintain account reserves, and provide liquidity for exchanges between different assets.
The entire original supply of 100 billion XRP was created when the ledger began operating. The network does not generate new XRP through mining, staking, or validator rewards. Moreover, the small transaction cost attached to every XRPL transaction is destroyed rather than paid to validators. Consequently, the total XRP supply decreases gradually as the network processes transactions.
Although people frequently use the phrase “XRP token,” it is technically more accurate to call XRP a native coin or digital asset. Other currencies issued on the XRP Ledger are tokens, while XRP exists directly at the protocol level.
What is the XRP Ledger?
The XRP Ledger is an open-source, public blockchain designed primarily for payments, asset exchange, and tokenization. Instead of Proof of Work mining, XRPL validators use a consensus protocol to agree on the order and outcome of transactions.
A successfully validated XRPL transaction normally reaches final settlement within several seconds. The network also supports low transaction costs and continuous operation without depending on banking hours.
In addition to direct XRP transfers, the XRP Ledger provides native functionality for:
- issuing fungible tokens and stablecoins;
- exchanging assets through an on-ledger order book;
- creating and funding automated market makers;
- processing cross-currency payments;
- creating escrow arrangements;
- using multi-signature account security;
- issuing and transferring NFTs;
- building payment, custody, trading, and tokenization applications.
These capabilities make XRPL more than a network for moving one cryptocurrency. It is an infrastructure layer on which businesses and developers can create financial products and tokenized assets.
What gives XRP utility?
XRP performs several functions within the XRP Ledger ecosystem.
Transaction costs
Every XRPL transaction includes a small XRP cost. This mechanism helps protect the public network from spam and excessive transaction volume. The cost is destroyed instead of being distributed as a validator reward.
Account reserves
An activated XRP Ledger account must maintain a protocol-defined XRP reserve. Additional ledger objects created by the account may require further reserves. These requirements discourage unnecessary consumption of shared ledger resources.
Cross-currency liquidity
XRP can serve as an intermediary asset between two currencies when an efficient payment path is available. For example, a transaction may convert one asset into XRP and then XRP into the asset requested by the recipient.
Payments and value transfers
Users can send native XRP directly between compatible accounts. Final settlement is generally much faster than settlement through traditional correspondent-banking chains.
Trading and market liquidity
XRP trades on centralized exchanges and within the XRP Ledger’s native decentralized-exchange infrastructure. This creates multiple routes through which users and businesses can acquire, exchange, or use the asset.
What is the difference between XRP, XRPL, and Ripple?
These three names are related, but they do not describe the same thing.
XRP is the native digital asset.
XRP Ledger, or XRPL, is the public blockchain on which XRP operates.
Ripple is a private technology company that develops financial infrastructure and participates in the broader XRP Ledger ecosystem.
Therefore, Ripple is not another name for the XRP Ledger, and XRP is not a share in Ripple. Ripple is an important XRPL contributor and XRP holder, but the company, blockchain, and digital asset should not be treated as interchangeable terms.
How to verify an XRP transaction
Because the XRP Ledger is public, anyone can examine an address or transaction without accessing the owner’s private keys.
Use XRPSCAN to search for:
- an XRP Ledger account;
- a transaction hash;
- an account balance;
- the latest validated ledgers;
- transaction status and metadata;
- tokens and trust lines;
- validators and network amendments;
- NFTs, automated market makers, and other XRPL objects.
After sending XRP, copy the transaction hash from your wallet and enter it into the explorer. Confirm that the transaction appears in a validated ledger and that its destination, amount, and Destination Tag match the intended transfer.
XRPSCAN is an explorer, not a wallet. Never enter a wallet seed phrase, secret key, or password into a blockchain explorer.
How can XRP support cross-border payments?
Traditional international payments may pass through several banks, liquidity providers, and settlement systems. Each intermediary can add time, cost, and operational complexity.
Blockchain-based payment flows can reduce some of those layers. A provider may convert the sender’s currency into a digital asset, transfer that asset through a blockchain, and convert it into the recipient’s preferred currency.
XRP can act as a bridge asset in payment routes where using it provides suitable liquidity and efficiency. At the same time, modern payment infrastructure may also use stablecoins or fiat currencies depending on the corridor, customer, and settlement requirements.
Users can examine Ripple’s cross-border payments solution to understand how Ripple combines blockchain infrastructure, digital assets, stablecoins, and local currencies in global payment services. It is important to note that not every Ripple payment necessarily uses XRP; the settlement asset depends on the specific payment flow.
How to buy XRP with USDT on Tokpie
Purchase XRP through the XRP/USDT market in three steps:
- Open or access your Tokpie account and deposit USDT. When depositing USDT, select a network supported by both your sending wallet and Tokpie.
- Open the XRP/USDT order book.
- Select Buy, enter the amount of XRP and your preferred price, and submit the order.
To use the best available price from the order book, select the market-price filling option before submitting the order. A limit order may remain open until another market participant accepts the specified price.
After execution, the purchased XRP will appear in your Tokpie balance. You can keep it available for trading or withdraw it to a compatible XRP Ledger address.
Read the complete Tokpie trading guide for additional information about account funding, order types, execution, balances, and withdrawals.
How to buy XRP with a bank card or Apple Pay
Users who do not already hold USDT can acquire XRP with a supported fiat-payment method.
- Open the bank-card purchasing page.
- Select the amount of XRP and complete the payment process using an available card or mobile-payment method.
- Wait until the XRP reaches your wallet balance.
Payment availability, supported cards, transaction limits, verification requirements, fees, and geographical restrictions depend on the payment provider and the user’s location.
How to sell XRP for USDT
To sell XRP on Tokpie:
- Deposit native XRP into your Tokpie account or use XRP already available in your balance.
- Open the XRP/USDT order book.
- Select Sell.
- Enter the quantity of XRP and your preferred price.
- Review the order details and submit the order.
After the order executes, the corresponding USDT will appear in your Tokpie account. You may use it for another market, keep it in your balance, or withdraw it through a supported USDT network.
How to deposit XRP into Tokpie
XRP deposits require particular attention because exchanges commonly use a shared XRP Ledger address together with a unique Destination Tag.
Follow these steps:
- Log in to Tokpie and open Balance Details.
- Find XRP and press Deposit.
- Confirm that the selected network is XRP Ledger.
- Copy the XRP deposit address shown on the page.
- If Tokpie displays a Destination Tag, copy that tag as well.
- Enter both values into the sending wallet.
- Verify every character before confirming the transaction.
- Consider sending a small test amount before transferring a larger balance.
Why is the XRP Destination Tag important?
A Destination Tag identifies the Tokpie customer who should receive a deposit sent to a shared exchange address. The XRP Ledger transaction may succeed even when a user enters an incorrect tag, but Tokpie may then be unable to credit the intended account automatically.
Therefore:
- never omit the tag when the deposit page displays one;
- never invent or reuse a tag from another account;
- do not copy deposit details from an old screenshot;
- generate or verify the current details inside your Tokpie account;
- check both the address and tag before sending.
Also, send only native XRP through the XRP Ledger. Do not send a wrapped asset from Ethereum, BNB Smart Chain, or another blockchain to a native XRP deposit address.
Tokpie does not charge a cryptocurrency deposit fee. However, the sending wallet applies the normal XRP Ledger transaction cost.
How to withdraw XRP from Tokpie
To move XRP from Tokpie to an external wallet or another exchange:
- Open Balance Details in your Tokpie account.
- Find XRP and select Withdraw.
- Choose the XRP Ledger network.
- Enter the recipient’s XRP address.
- Enter a Destination Tag only when the recipient explicitly requires and provides one.
- Enter the withdrawal amount.
- Review the address, tag, amount, and applicable fee.
- Submit the request and complete the email or account-security confirmation.
A personal self-custody wallet may not require a Destination Tag, while another centralized exchange commonly does. Always follow the instructions shown by the receiving service.
XRP Ledger transfers are irreversible after validation. An incorrect address or tag may cause a permanent loss or require a lengthy manual recovery process. Checking the receiving details and sending a small test transfer can significantly reduce this risk.
Review the current XRP withdrawal commission on Tokpie’s fees page before submitting the request.
Why trade the XRP/USDT pair?
USDT is widely used as a quote asset in cryptocurrency markets. The XRP/USDT pair provides a direct way to buy or sell XRP against a dollar-linked digital asset without first converting through another cryptocurrency.
The pair may be useful for users who want to:
- acquire XRP with an existing USDT balance;
- sell XRP without first moving through BTC or ETH;
- place limit orders at a selected XRP price;
- monitor XRP’s value in a familiar quote unit;
- move between XRP and other USDT markets available on Tokpie.
However, USDT is a third-party stablecoin and carries its own issuer, custody, network, and market risks. Its value should not be treated as an unconditional guarantee.
Risk warning
Cryptocurrency prices can change rapidly and may result in a partial or complete loss of capital. Market orders may execute at different prices when liquidity is limited, while limit orders may remain open or execute only partially.
Blockchain transfers are generally irreversible. Always verify the network, destination address, Destination Tag, amount, and withdrawal fee before confirming a transaction.
Tokpie does not provide investment, legal, tax, or financial advice and does not guarantee XRP’s price, liquidity, adoption, or future performance. Users should conduct independent research and trade only with funds they can afford to lose.
Useful links for trading XRP
- Trade XRP against USDT
- Create or access a Tokpie account
- Learn how to trade on Tokpie
- Buy XRP with a bank card
- Check trading and withdrawal fees
Frequently asked questions
Is XRP the same as Ripple?
No. XRP is a digital asset, the XRP Ledger is a public blockchain, and Ripple is a technology company. The three terms are related but should not be used as synonyms.
Is XRP a coin or a token?
XRP is the native digital asset of the XRP Ledger. Therefore, “coin” or “native digital asset” is technically more precise than “token,” although “XRP token” remains a common search phrase.
Does XRP have a smart-contract address?
No. Native XRP exists directly on the XRP Ledger and does not have an ERC-20, BEP-20, or other token contract address.
Which network should I use to deposit XRP?
Use the native XRP Ledger network and the deposit information displayed in your Tokpie account. Do not transfer wrapped XRP from another blockchain unless Tokpie explicitly states that the particular wrapped asset and network are supported.
Is an XRP Destination Tag mandatory?
It is mandatory whenever the receiving exchange or wallet displays one. The tag tells the recipient which customer or internal account should receive the payment.
Can I buy XRP with USDT?
Yes. Deposit USDT into Tokpie, open the XRP/USDT market, and submit a buy order.
Can I buy XRP with a bank card?
You can obtain USDT through Tokpie’s supported card-payment service and then exchange the USDT for XRP in the XRP/USDT order book.
How can I check an XRP transaction?
Copy the transaction hash from the sending wallet and search for it through an XRP Ledger explorer. Confirm that the transaction is validated and that its address, amount, and Destination Tag are correct.