Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Ripple. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Ripple

Australia has a decent amount of popular and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Ripple. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Ripple in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Ripple

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Ripple in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Ripple, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Ripple.

It’s also possible to take a look at our analysis of the top crypto exchanges in Australia if you’re interested in learning more about which exchanges we like.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Ripple, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Ripple

The final step is to go to their asset list, find Ripple, navigate to the buy section, and then trade your AUD for some XRP. Once you’ve bought Ripple, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Ripple (XRP)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Ripple

If you’re thinking about selling Ripple, just follow the steps below.

  1. Sign in to the cryptocurrency exchange (like Swyftx).
  2. Click on Ripple in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Ripple for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Ripple in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Ripple with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Ripple. Have a look on their site first, you might be lucky.

How to buy Ripple with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Ripple with your credit/debit card.

About Ripple

Ripple is a cost-effective, efficient alternative to SWIFT (the Society for Worldwide Interbank Financial Telecommunications System), which processes international transactions. This should be done through the Internet of Value. It's the umbrella term that encompasses several RippleaEUR(tm), products: RippleNet, RippleX.

RippleNet allows financial institutions send money quicker and at lower cost than traditional systems. RippleNet requires only one API to connect. RippleNet offers On-Demand liquidity, which eliminates the need for pre-funding cross-border transactions. It acts as a mediator among transacting parties and smoothens out liquidity differences between foreign currencies. An American retailer may not wish to receive US dollars. ODL intervenes, and uses XRP for the transaction.

Ripple's open-source blockchain XRP Ledger uses the XRP currency to its native asset. Ripple can also use it for other purposes, even though it is independent from Ripple. Although it is not as well-known than other blockchains, the XRP Ledger still acts as a settlement layer.

Unlike Ethereum, XRP Ledger does not use a proof-of-work consensus mechanism. It doesn't use a proof of stake consensus mechanism like many other cryptocurrency. Instead, it uses the XRP Ledger Consensus Protocol. This allows for a more efficient and centralized way to reduce transaction costs and finality times. With the XRP Ledger, transactions can be completed in seconds. This is a lot faster than traditional systems such as SWIFT and Bitcoin's ten minute block times.

RippleX is a platform that provides blockchain solutions to projects that offer payment-oriented services. Companies don't need to develop their own DApps and blockchain solutions. Instead, companies can leverage the RippleX products and expertise. This will ensure widespread compatibility and a positive user experience. RippleX has launched two protocols so far: Interledger which allows compatibility with various payment systems and PayString which simplifies the processing payment addresses.

Ripple is a natural value proposition to cross-border payments, which has not been adequately solved by other protocols. Ripple believes Ripple is a viable alternative for SWIFT because of its speed and efficiency.

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