How To Buy Ripple (XRP) In Australia

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Are you a beginner and wondering how to buy Ripple in Australia but don't know where to start? If so, this simple guide will show you how easy it is to invest in cryptocurrencies in Australia such as XRP and answer commonly asked questions such as:

To help you get started, we have conducted extensive research and assessed the important consideration when looking for a crypto exchange in Australia such as trading fees, deposit limits, payment methods, safety & security and customer support. 

How To Buy Ripple (XRP) In Australia

To buy Ripple (XRP) in Australia, follow these steps:

  1. Register for an account with an Australian cryptocurrency exchange such as Swyftx
  2. Complete the signup registration process
  3. Verify your email and account
  4. Go to the left menu and Click 'Deposit AUD'
  5. Select your preferred payment method and confirm
  6. Go to the “Trade” menu and select the Ripple XRP  
  7. Enter the amount of Ripple you want to buy
  8. Confirm the transaction details and confirm your XRP purchase

Best Ripple (XRP) Exchanges In Australia

Here is our consolidated list of the best Ripple exchanges in Australia (with our commentary):

  1. Swyftx (low fees and beginner friendly crypto platform)
  2. Binance (worlds largest crypto exchange that accepts AUD deposits)
  3. CoinSpot (reputable and exchange that has been established for many years)
  4. Coinjar (only Australian exchange with a mobile app to buy and sell cryptocurrency)
  5. Independent Reserve (popular exchange with variety of deposit methods)

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Some exchanges require you to own a Bitcoin wallet such as the Ledger Nano X. If you don't have a wallet, make sure to read also our guide on the best crypto hardware wallets before getting started. 




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Best XRP Exchanges In Australia: Reviews

Our review and assessment of the popular Ripple (XRP) exchanges in Australia is based on important factors such as ease of use, reputation, charting features, trading fees, deposit methods, security and customer support. 


Swyftx is a state-of-the-art online platform that users to buy, trade and sell crypto with AUD. The trading platform is well known for having 4 times lower spreads and 2 times cheaper trading fees compared to its closest competitors in Australia and rapid account verification in less than 2 minutes without taking selfies. 

swyftx website


  • 100+ crypto coins to buy, trade and sell
  • Rapid verification takes less than 2mins (without document upload)
  • Low trading fees and spreads to maximize amount of crypto
  • High liquidity to obtain best market rates
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use


Deposit methods



CoinSpot was founded in 2013 and has built up a solid reputation and trustworthy image for an Australian cryptocurrency platform. The exchange is focused on helping newcomers to buy XRP in Australia with AUD. Coinspot has historically been one the best place to buy XRP in Australia over the last few years. 



  • Simple and easy to use exchange to buy XRP in Australia
  • Over 200 cryptocurrency coins to buy, trade and sell 
  • OTC and support for Australian Super Fund investors
  • Only exchange in Australia to meet ISO security standards
  • Deposit using POLi, PayID, BPAY and cash at local newsagency 
  • Customer support available 24/7

Ease of use


Deposit methods



CoinJar is a trusted crypto exchange in Australia and also one of the longest-running digital currency exchanges. CoinJar allows users to buy, sell, store and spend digital assets. With over 400,000 users and counting, CoinJar exchange is one of the best places to buy Bitcoin in Australia that will suit both beginners and experience investors. 



  • Easy to use, simple and innovative cryptocurrency products
  • Trusted and regulated XRP exchange in Australia 
  • Reliable and safe crypto trading app
  • Mobile trading app to buy and sell crpytocurrencies
  • Buy crypto with bank Transfer, debit card, Swipe, BPAY and cash
  • Customer support available 24/7

Ease of use


Deposit methods


Independent Reserve

Independent Reserve is a popular exchange among cryptocurrency traders around the world that offers trading competitive fees and support for traditional fiat currencies such as the Australian Dollar, New Zealand Dollar and US Dollar. The exchange supports AUD and NZD deposit methods using EFT, POLi, PayID and SWIFT to buy, trade and sell 14 cryptocurrencies in Australia. 

independent reserve


  • Reputable and trusted Australian cryptocurrency exchange
  • Tier based fee structure that decreases with volume traded
  • Funds are backed by insurance company
  • Wide range of deposit methods 
  • Automatic recurring purchases to dollar cost average
  • Customer support available 24/7

Ease of use


Deposit methods


Best Ways To Buy Ripple 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 Ripple. 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 usually credit within the same business day depending on the bank. Most Australians will be familiar using an EFT transaction using their online bank account.

To complete a bank 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 bank transfer can take a bit longer to clear compared to other deposit method and it is easy to make an error. 

Buying XRP Using PayID

Using PayID is an easy method to buy Ripple in Australian that is supported by most of the larger Australian banks. This is a near instant payment method, so it will suit investors that 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 takes a few minutes to complete and the funds are transferred direct to the exchange.

Buying XRP Using A Credit Card

Generally, Australian banks do not permit the use of credit card to invest in Ripple. Therefore, you will find that most crypto exchanges in Australia do not have the option to deposit funds with a credit card.  

Depending on which bank you're with, it can still be possible to buy Ripple with a debit card. You should check with your financial institute or card issuer to find out if you can buy crypto with a debit card.

Step-By-Step Guide To Buying Ripple (XRP) In Australia

Step 1 - Register Account

To create an account with Swyftx, click the "Sign Up" button below. This will take you directly to the Swyftx registration page where you will be required to fill in your email, set a password, enter your name and phone number.

Click "agree" to the terms and conditions and hit "Create My Account".

swyftx register

Step 2 - Verify Account and Activate 2FA

The verification process for Swyftx is incredibly simple and can be completed in 2 minutes.  To start the verification process, navigate to the side bar on the left and click "Profile" then under your name go to "Verification".

This will bring up an online form where you will only be required to provide a few details.

swyftx verification

Once you completed all of the verification steps, you will want to activate the two-factor authentication on your account. This is essentially another security layer to keep your funds safe and secure.

To get started, go to the "About" page and click "Setup MFA". Follow the prompts to install the Google Authenticator App on your smart device and enter the token that appears once you have scanned the QR code.

swyftx 2fa

Step 3 - Deposit AUD

The next step is to click the "Deposit AUD" link on the left side bar. Here you will be able to choose the amount of Australian Dollars that you wish to deposit.

Once you are on the deposit page, you can fund your Swyftx account with Australian Dollars (AUD) using either PayID (instant) or BPAY (within same business day).  

swyftx deposit AUD

Step 4 - Buy Ripple

Now that your account is verified and you've deposited AUD (or BTC), you can start buying and selling cryptocurrency. To get started, click "Trade" on the left side bar.

This will bring up the "Assets" list where you can search and select any cryptocurrency. Swyftx has over 70+ crypto assets to trade and growing.

buy ripple xrp

Select Ripple that you wish to buy, sell or trade and it will display the current price against AUD. Now select how much AUD you want to spend on the coin and click "Instant Buy".

The Ripple amount will be purchased, show in your trade history and stored in the Swyftx wallet.

That's it! You have now purchased Ripple using Swyftx.

How To Trade Ripple (XRP) In Australia

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 '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 the amount of crypto you want to buy or sell against XRP
  8. Confirm the order details and confirm the trade
binance charts

Frequently Asked Questions

What Is XRP?

The first thing to know is that Ripple is both a digital payment network for financial transactions and a cryptocurrency. The Ripple platform is an open source protocol which 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 Ripple's key focuses is to streamline international transactions 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. 

What Is The Difference Between XRP and Bitcoin?

The key difference between Ripple and Bitcoin is the purpose it was designed for. Bitcoin was developed by Satoshi Nakamoto as a decentralized peer-to-peer alternative to the current fiat payment system without the need for a middle man. In comparison, Ripple was developed by a company to improve the financial banking system’s current payment system as opposed to replacing it.

Secondly, as mentioned above, Bitcoins are created by a process called mining. This means that new transactions are verified, collected and added to the blockchain network. This generally requires a powerful computer to mine Bitcoins, which generates a reward for those individual's called miners.

On the other hand, XRP is not mined. All XRP coins were created at Ripple’s inception with regularly releases coins into the open cryptocurrency market forming a centralized system and opposite to the decentralized nature of Bitcoin.   


If you're looking for the best exchange to buy, trade and sell Ripple (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. And if you don't have a hardware wallet, we suggest that you read our review on the best crypto hardware wallets so you can keep your XRP investment safe.

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Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.