How To Buy XRP In Australia

Kevin Groves
Posted by: Kevin GrovesUpdated Sep 25th, 2023

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Are you a beginner and wondering how to buy XRP in Australia but don't know where to start? If so, this simple guide will show you how and where to buy XRP using a cryptocurrency exchange in Australia. To help you get started, we have conducted extensive research and assessed the important considerations when looking for a crypto exchange in Australia such as trading fees, deposit limits, payment methods, safety & security, and customer support. 

How To Buy XRP In Australia: Guide

To purchase Ripple (XRP) in Australian Dollars, follow these steps:

  1. Create an account with Swyftx
  2. Complete identity verification
  3. Activate 2-Factor Authentication
  4. Deposit funds in AUD
  5. Select XRP and enter the amount to buy

Where To Obtain XRP In Australia

The best method to obtain XRP is to use a regulated and trusted Australian exchange. Most exchanges in Australia offer XRP which can be purchased with AUD using a bank account. The following cryptocurrency exchanges in Australia are easy to use and compliant with AUSTRAC for buying crypto in Australia.

ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview


RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
$20 Bitcoin for creating a verified accountVisit SwyftxSwyftx Review


3850.1% (spot) and 0.02% / 0.04% (Futures)
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
Up to $100 welcome bonusVisit BinanceBinance Review
CoinSpot Logo


3801% (instant), 0.1% (spot)
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
$20 Bitcoin for creating a verified account and depositingVisit CoinSpotCoinSpot Review
Digital Surge Logo

Digital Surge

RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
Full StarFull StarFull StarFull StarHalf Star
$10 Bitcoin for creating a verified accountVisit Digital SurgeDigital Surge Review

1. Swyftx

Swyftx is an AUSTRAC-registered cryptocurrency exchange and trading platform that offers a simple and transparent way for individuals to invest in digital assets. The platform has been built to eliminate frustrations on other well-established Australian crypto exchanges such as deception, manipulation, hyperinflation, and high spreads by greedy companies.

The platform supports most crypto assets in Australia and is packed with features such as an easy-to-use mobile app, a tax calculator for capital gains, dollar cost averaging tools, and more to help beginners get started.

2. Digital Surge

Digital Surge is an Australian crypto exchange that provides a fast and easy way to buy and sell digital currency using AUD. The platform has focused on providing a beginner-friendly exchange website for everyday Australians to get started with crypto assets. Based in Brisbane, the team is committed to building trust and transparency within the cryptocurrency community and bringing awareness to the industry for all investors alike. 

Users of Digital Surge can buy, sell and even pay bills using Bitcoin. The local exchange is focused on simplicity which starts with the verification process which is automated. That means users can buy digital currency quickly and easily using a buy wizard that guides them through each step.

3. CoinSpot

CoinSpot was founded in 2013 and has built up a solid reputation as a leading Australian cryptocurrency exchange that is focused on helping newcomers buy Bitcoin and a wide range of cryptocurrency coins with AUD. The Australian crypto exchange is regarded as one of the safest platforms with bank-like security measures to protect its customer's information and funds secure.

Coinspot is a reputable and trustworthy Bitcoin exchange that has never been hacked. The exchange has been one of the best places to buy XRP in Australia over the last few years. The only downside to using CoinSpot is the high fees to instantly buy and sell XRP. An alternative to CoinSpot is Swyftx which has a maximum fee of 0.6% per trade. For more information, read our article that compares the differences between CoinSpot and Swyftx.

Guide To Buying XRP In Australia

1. Create An Account With An Exchange

The first step to buying XRP is to create an account with a cryptocurrency platform in Australia such as Swyftx. To get started, visit the website using this link to get a $20 BTC Swyftx referral bonus and click on the "Sign Up" button. This will redirect to the registration page that will show the promotion code. Enter a valid email address, set a strong password, full name and phone number. Click "Agree" to the terms and conditions and hit "Create My Account".

Creating an account with SwyftxCreating an account with Swyftx

2. Complete Identity Verification

Once an account has been created, the next step is to commence the ID verification process in accordance with Know Your Customer (KYC) and Counter-Terrorism Financing (CTF) regulations under Australian law. Before a wallet can be funded with AUD to deposit and withdraw funds, the account must be verified as per the rules set by AUSTRAC.

Using Swyftx as an example, the verification process is fast and hassle-free which can be completed within 2 minutes of creating a new account. To start verification, login to the account and navigate to the 'Verification' tab under the 'Profile Tab'. A valid email address, mobile phone number or identity document number will need to be provided.

ID verification process on swyftxID verification process on swyftx

3. Secure Account & Activate 2FA

To protect any funds within a crypto exchange account, it is vital to increase the basic account security level and turn on Two Factor Authentication (2FA). This should be the first step after verifying an account and prior to depositing any funds. 2FA is a specific type of multi-factor authentication that requires two methods to verify the user's account and even withdrawal requests. Popular 2FA apps for multi-factor authentication are Authy and Google Authenticator which can be downloaded for both iOS and Android devices.

4. Deposit Funds In AUD

Finding an exchange that accepts local deposit methods using Australian Dollars is an important consideration. The majority of cryptocurrency exchanges in Australia have direct AUD payment methods with varying fees. The most common deposit options include bank transfer, POLi and PayID. 

POLi connects to Australian Bank accounts and is processed instantly. PayID and bank transfers can take between 1 and 3 business days. Alternative payment methods that are available with certain Australian exchanges include cash deposits at a local newsagency, BPAY and credit cards. Swyftx is the only crypto exchange in Australia that allows the use of a credit card.

depositing funds to swyftxdepositing funds to swyftx

5. Buy XRP

Now that your account is verified and you've deposited AUD, you can buy XRP. To get started, click "Trade" on the left sidebar. This will bring up the "Assets" list where you can search and select XRP. Select how much AUD you want to spend and click "Instant Buy". The XRP amount will be purchased, shown in your trade history and stored in the Swyftx wallet.

Best Ways To XRP In Australia

There are several ways to invest in XRP which depend on your payment method. If you prefer to use a regulated cryptocurrency exchange in Australia (which we recommend), then you should know that each digital currency provider supports different deposit methods.

Therefore, it's best that you decide to register with an exchange that supports your preferred payment method to buy XRP. Use our guide below to see which common deposit methods are supported by our top-rated Australian crypto exchanges.

Buying XRP Using A Bank Transfer

You can purchase Ripple XRP using bank transfer (EFT) using a regulated cryptocurrency exchange in Australia. Bank transfers are usually credited within the same business day depending on the bank. Most Australians will be familiar with using an EFT transaction using their online bank account.

To complete the transfer, you need to obtain the BSB and Account Number of the exchange's bank account. This is not different from making a payment to anybody. You should note that a bank payment can take a bit longer to clear compared to other deposit methods and it is easy to make an error.

Buying XRP Using PayID

Using PayID is an easy method to buy XRP in Australia that is supported by most of the larger Australian banks. This is a near-instant payment method, so it will suit investors who wish to make an immediate purchase.

AUD deposits will be credited to your account within minutes of being transferred from your bank account. All you need is the cryptocurrency exchange's PayID email address to make a deposit.

Buying XRP Using POLI Payment

POLi is an instant deposit method that is available on several cryptocurrency exchanges in Australia to purchase Ripple. The deposit method allows you to complete the transaction from the exchange through an interface to your supported bank account.

It works in the same way that you would normally visit your online bank website to make a payment. POLi payments are incredibly simple and only take a few minutes to complete and the funds are transferred directly to the exchange.

Buying XRP Using A Credit Card

Australian investors who prefer buying with a credit card have a few options. Examples of financial institutions that currently allow their credit cards for crypto purchases at the time of writing are Westpac, Macquarie Bank, Judo Bank, Jolt Bank, ANZ, and NAB. On the other hand, the Commonwealth Bank of Australia, HSBC, and Bendigo Bank have banned the use of credit cards.

Buying XRP Using A Cash Deposit

There are several Australian crypto exchanges such as CoinJar and Coinspot which allow individuals to buy XRP using cash at a local newsagency. The fee to buy the digital asset using cash is slightly higher than using a traditional bank transfer. CoinJar and Coinspot fees to buy XRP with cash are 1.5% to 2.5% respectively.

Frequently Asked Questions

The first thing to know is that XRP is both a payment network for cross border payments and a digital cryptocurrency. XRP is an open-source protocol that is designed to allow fast and cheap transactions. It's token which is called XRP, has been designed to transfer value across the Ripple Network as a mediator for both cryptocurrencies and fiat exchanges.

Ripple operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether it be USD, NZD, Bitcoin and even commodities. One of XRP's key focuses is to streamline international cross border payments between financial institutions and banks. The XRP token can be used on Ripple’s blockchain Ripple.Net infrastructure to increase the speed of transactions between banks even faster. To learn more about XRP transactions and how long to transfer XRP, read this article next.

To trade XRP in Australia, follow these simple steps:

  1. Register an account with a cryptocurrency trading exchange such as Binance
  2. Complete the signup registration process and verify your email
  3. Go to the navigation menu and Click 'Wallet'
  4. Select XRP (Ripple) or another cryptocurrency and click on 'Deposit'
  5. Transfer funds to the exchange from your hardware wallet
  6. Go to the “Trade” menu and select another crypto to trade against
  7. Enter in how much crypto to buy or sell against XRP
  8. Confirm the order details and confirm the trade

XRP can be held on the cryptocurrency exchange or transferred to a reputable cryptocurrency wallet which is kept under the possession of the investor. The best XRP wallets for available are the Ledger Nano X and TREZOR T.

Hardware wallets provides an airlock between internet-connected devices and the XRP token. The private key which give the right to access the cryptocurrency (send, transfer and receive) is kept on the wallet and not an exchange. This means the XRP coins can be recovered even if the hardware wallet is damaged, lost or stolen. The cost of a hardware wallet is a relatively small price to keep a XRP and other digital currencies safe for the long term. For more information on how to store XRP, read our guide on the best crypto wallets.


If you're looking for the best exchange to buy, trade and sell XRP in Australia, we hope this guide was useful. With any financial investment, make sure to do your own research and due diligence on the coin provider before depositing any funds.

Kevin GrovesKevin GrovesKevin Groves

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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