XRP
XRP price in INR.
₹112.07 down 4.36%
What is XRP?
The native token of the XRP Ledger, designed for fast, low-cost payments and settlement between institutions.
What it’s used for
- Cross-border payments
- Fast transfers between exchanges
Key risks
- Price volatility
- Regulatory outcomes affecting its issuer in some countries
How Indians usually buy XRP
- Pick an exchange registered with FIU-IND. Compare exchanges.
- Complete KYC with your PAN and Aadhaar.
- Add rupees by bank transfer or UPI, where the exchange supports it.
- Buy XRP, then decide whether to keep it on the exchange or move it to a wallet you control.
Indefi doesn’t recommend buying any coin. Only invest what you can afford to lose.
XRP and Indian tax
Taxed like any other VDA: 30% plus cess on gains, 1% TDS on sales. Calculate your tax.