Can I Buy Plasma (XPL)?

Yes, Plasma (XPL) is the native token of the Plasma blockchain, a Layer 1 built for stablecoin payments. The mainnet beta launched with XPL on September 25, 2025, supported by deep stablecoin liquidity and early exchange listings. 

You can buy XPL on exchanges such as Bybit, Binance, and Kraken. After verifying your account, fund it with USDT, USDC, or fiat via bank transfer, card, or local on-ramps. Then search for the XPL/USDT pair and place your order.

How to Buy Plasma (XPL) - Step-by-Step Guide

The best place to buy Plasma (XPL) is Kraken, one of the most trusted and globally regulated exchanges. Kraken supports over 20 million users worldwide and offers industry-leading fees, deep liquidity, and robust security. You can deposit instantly in major currencies including USD, EUR, AUD, and CHF, making it accessible for investors across multiple regions.

Steps to Buy Plasma (XPL) on Kraken:

1. Create an Account: Visit Kraken, sign up with your email, and complete identity verification.
2. Deposit Funds: Add money in your local currency through bank transfer, debit card, or supported payment methods.
3. Search for XPL: In the Spot Market, look for the XPL/USDT or XPL/USD trading pair.
4. Place Your Order: Choose a market order for instant purchase or a limit order at your preferred price. Your XPL will be available in your Kraken wallet.

Fees to Buy XPL Token

Investors purchasing Plasma (XPL) should consider three main costs: deposits, withdrawals, and trading fees.

Deposit Fees

Funding a Kraken account with bank transfers in USD, EUR, AUD, or CHF is typically free or carries minimal charges. Stablecoin deposits such as USDT or USDC are also free. Card payments and third-party services may add 1% to 2%, making them the most expensive option.

Withdrawal Fees

Withdrawing XPL or stablecoins to an external wallet incurs network fees based on the blockchain used. ERC20 withdrawals are often higher, while networks like TRC20 or BNB Chain are cheaper. Converting back to local currency through supported payment rails is usually low cost or free.

Trading Fees

Kraken charges just 0.2% per trade, far lower than Coinbase, where spot fees can reach 1.49%. This difference significantly impacts costs for active traders. Fee discounts on Kraken are also available for higher volumes or through its Kraken Pro platform.

Tip: To reduce costs, deposit using stablecoins or low-fee bank transfers and trade on exchanges like Kraken with transparent and competitive fee structures.

Alternative Exchanges to Buy Plasma (XPL)

Beyond Kraken, other platforms also list XPL with different strengths in liquidity, fees, regional coverage, and payment methods. The main alternatives are:

What is Plasma (XPL)?

Plasma (XPL) is the native token of Plasma, a Layer 1 blockchain built for stablecoin settlement. Backed by Bitfinex, Bybit, Paolo Ardoino, and Peter Thiel, Plasma aims to deliver stablecoin-native infrastructure with sub-second block times, zero-fee USDT transfers, and full EVM compatibility.

XPL secures the network through Proof-of-Stake, incentivizes validators, and anchors governance. Its tokenomics allocate 10% to a public sale, 40% to ecosystem growth, and 25% each to team and investors, with vesting schedules structured to align long-term adoption.

Beyond settlement, Plasma is launching applications such as Swarm, which issues tokenized equities under EU regulation, and Plasma One, a stablecoin-native neobank targeting high-capital regions like the Middle East. XPL underpins this ecosystem as the core asset driving security and incentives.

Final Thoughts

Plasma (XPL) gives investors exposure to a Layer 1 network built around stablecoin payments, with deep liquidity and early listings on major exchanges. 

If you decide to buy, focus on low-fee deposit methods, trade on regulated platforms like Kraken or Bybit, and secure your tokens in self-custody wallets to manage risk while staying positioned for long-term adoption.