Key Takeaways
- Purchase XRP (Ripple) in Australia via trusted crypto exchanges like CoinSpot.
- Steps include signing up, account verification, depositing funds, and executing the purchase.
- Store XRP securely in the exchange wallet or transfer to a personal wallet.
XRP, the native token of the Ripple network, is a top choice for long-term crypto investors. This guide simplifies buying XRP in Australia with clear, actionable steps.
Where to Buy XRP (Ripple) in Australia
Most Australian crypto exchanges support XRP. Prioritize platforms with robust security and regulatory compliance. Below is a comparison of popular exchanges:
| Exchange | Supported Fiat | Cryptocurrencies | Deposit Methods | Trading Fees |
|---|---|---|---|---|
| Binance | AUD, USD, GBP, EUR, NZD | 280+ (BTC, ETH, XRP, etc.) | Visa/Mastercard, Apple Pay, Crypto | 0.1% spot, 0.01% deriv. |
| CoinSpot | AUD | 410+ (BTC, ETH, XRP, etc.) | Bank transfer, BPAY, PayID, POLi, Crypto | 0.1% (market order) |
| Swyftx | AUD, NZD | 320+ | PayID, OSKO, Credit card, Crypto | 0.6% |
| eToro | AUD | 1,000+ | Bank Transfer, PayID, Crypto | 0.85% |
| Digital Surge | AUD | 400+ | POLi, PayID, Crypto | 0.5% |
👉 Compare top crypto exchanges for Australians
How to Buy XRP (Ripple) in 7 Steps
1. Sign Up with a Crypto Exchange
Choose a platform like CoinSpot or Swyftx. Register with your email, password, and complete CAPTCHA verification.
2. Verify Your Account
Submit ID (e.g., driver’s license) and proof of address. Approval times vary.
3. Deposit AUD
Fund your account via POLi, PayID, or bank transfer. POLi offers instant deposits with no fees.
4. Navigate to the Buy Section
Select “Buy/Sell,” search for XRP, and click “Buy XRP.”
5. Enter Purchase Amount
Specify the AUD amount you wish to spend. The exchange displays the equivalent XRP and fees.
6. Confirm the Transaction
Review details and click Confirm Buy.
7. Store XRP Securely
- Keep XRP in your exchange wallet (e.g., CoinSpot’s secure vault).
- Transfer to a hardware wallet (Ledger, Trezor) for enhanced security.
👉 Explore secure crypto wallets for Australians
Frequently Asked Questions (FAQs)
Is XRP Legal in Australia?
Yes. Buying, selling, and holding XRP complies with Australian regulations.
Can I Buy XRP with a Credit Card?
Limited exchanges (e.g., Swyftx) support card purchases. Most recommend bank transfers for lower fees.
How Safe Is Buying XRP?
Reputable exchanges like CoinSpot use 2FA, cold storage, and comply with AUSTRAC regulations.
How to Buy Other Cryptocurrencies?
Follow the same steps, substituting XRP with your desired coin (e.g., Bitcoin, Ethereum).
Final Tips
- Diversify: Consider staking or trading other cryptos alongside XRP.
- Stay Updated: Monitor Ripple’s legal developments and market trends.
👉 Start your crypto journey with a trusted exchange
By following this guide, you’ll confidently navigate the XRP purchase process in Australia. Always prioritize security and due diligence.