Ripple is a privately-held fintech company that provides a global payment solution via its payment network called RippleNet (Ripple Network). XRP is a digital asset built specifically for payments on RippleNet. It is a native digital asset on the XRP ledger which is an open-source, decentralised blockchain technology that can settle transactions in under 5 seconds. Similar to Bitcoin, XRP can be sent directly between two independent network participants without the need for a central intermediary. XRP is frequently used by banks and other financial institutions to settle cross-border payments.
Unlike Bitcoin and many other digital currencies, XRP does not rely on energy and computing-intensive proof-of-work mechanisms to compare transaction records. On the contrary, it relies on independent servers for the validation process. The servers can belong to any person or one of the many global financial institutions. XRP has many benefits associated with it. One of the largest is that it’s a way to reduce wait times and avoid fees. Ripple and the XRP currency will look to compete with banks in the way that it offers payment settlement infrastructure to members of its network.
To buy Ripple (XRP) in Australia, create an account with Swyftx by providing a few personal details like your full name, email address and phone number. Once you’ve created your account, you’ll need to verify your ID. Once verified you can deposit AUD into your account using bank transfer, OSKO, PayID, POLi or debit/credit card.
Next, enter the amount of XRP you want to buy and click ‘Buy XRP.’ Buying XRP is easy using your Swyftx account and even easier to check the Ripple statistics/ price (AUD).
When buying XRP in Australia with Swyftx, the listed buy and sell price is set by real-world trade volumes averaged on global cryptocurrency exchanges. This means that the price of XRP is influenced by the supply and demand from buyers and sellers throughout the world with the current price set at the price of the last trade that took place. Swyftx Crypto Exchange account doesn’t charge any artificial spread on Ripple, nor does it ‘make the market’ when you buy Ripple in Australia, meaning you can trade as much as you desire.
XRP is available on a number of different cryptocurrency exchanges in Australia. However, finding a crypto exchange that supports XRP Ripple, whilst aligning with your personal preferences can prove to be difficult. Swyftx is a home-grown Australian cryptocurrency exchange that supports over 240 crypto assets. We are able to offer some of the lowest trading fees in the country, permitting you to trade XRP frequently and maximise your profits. As Australia’s top-rated crypto exchange, our mission is to simplify the process of buying, selling and trading cryptocurrency. We offer an abundance of features that makes it convenient and hassle-free to buy XRP in Australia. These features include:
When you buy XRP Ripple or other digital assets, it will be stored in a crypto wallet. This is a tool that allows users to send, receive and store their digital assets. Here at Swyftx, you’ll automatically get an integrated wallet with your account to store your digital asset. If you sell or buy XRP or want to withdraw or deposit funds, Swyftx uses various internal wallet systems to maintain and manage your crypto assets securely.
You cannot mine XRP Ripple and there are no XRP miners. The only option to acquire or buy XRP is to mine or purchase other cryptocurrencies and then look for a crypto exchange or trading platform that enables you to convert to Ripple.
If you looking to buy XRP or another cryptocurrency, signing up with a crypto exchange like Swyftx is the easiest way to do so. Aside from offering our customers a user-friendly interface and online customer support, we also offer some of the lowest fees in the country. We take pride in delivering our users a simple, hassle-free experience that can’t be matched. Simply click the ‘Buy XRP’ button to get started. If you haven’t already done so, you’ll be required to register an account, verify your ID and deposit funds into your account.
Swyftx has low trading fees and spreads, meaning you can trade frequently and collect more profit.
Verify your account in under 3 minutes, then deposit Australian dollars to begin trading XRP instantly.
Mult-factor authentication and breached password protection will help defend your account from scammers and cyber thiefs.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.