Why use Swyftx to Buy Ripple?

Lowest Fees

Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Ripple in Australia with us versus our closest competitors. Any account on our platform will enjoy the lowest fees of all the cryptocurrency exchanges in Australia. When it comes to XRP pricing (AUD), we have the industry out-contested on the fees and design.

Instant Verification

Instantly verify without uploading documents, then deposit AUD to begin XRP trading in t-minus 2 minutes. When buying XRP Ripple (AUD), you want a private company (pty ltd) you can trust; Swyftx is the highest-ranked Australian exchange on Trust Pilot.

Secure Accounts

There are a number of mechanisms which Swyftx uses in order to make our accounts the most secure in the industry. Our buy and sell protection mechanisms shield against breached password detection and multi-factor authentication and will help defend your account from scammers.

What is Ripple?

The history of Ripple’s protocol actually predates Bitcoin’s release date. However, the “real release” of XRP Ripple came following a series of meetings between EDonkey network’s Jed McCaleb, and the world-class investors he brought to his project Ripple Labs. McCaleb is also famous for creating other notorious projects in the crypto world. Chiefly, McCaleb founded Stellar and the infamous exchange Mt. Gox. Ripple was also co-founded by Angel Investor Chris Larson, who is, according to CoinTelegraph, one of the wealthiest people in cryptocurrency. The two created an open-source protocol that gained investment traction from the likes of A16Z, as well as Google ventures.

The actual XRP Ripple token is a real-time gross settlement system (RTGS). XRP has been adopted by the likes of payment networks and banks for settlement infrastructure technology. There was never any mining for XRP Ripple unlike other cryptos. Instead, XRP Ripple was distributed during its inception across its network to relevant stakeholders. Soon thereafter, the general public was able to start buying it.

Unlike many other types of digital currency, (XRP) Ripple does not rely on energy and computing-intensive proof-of-work 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 Ripple has many benefits associated with it. One of the largest is that it’s a way to reduce wait times and avoid fees. XRP Ripple looks to overtake banks in the way that it offers payment settlement infrastructure to members of its network.

How to buy Ripple in Australia

To buy Ripple in Australia, log into the Swyftx crypto exchange > Enter an amount of Ripple you want to buy/ sell or the amount of Australian dollars you’d like to buy/ sell > If you’re happy with the pricing, tap the ‘Buy Ripple’ button to complete your Ripple purchase > You can deposit AUD via BPAY, OSKO, PayID, POLi Pay, or use bank transfer as your payment method to instantly buy Ripple in Australia > Once the transfer is processed, your account balance can be used to buy XRP Ripple which will be available in your Swyftx hosted online Ripple wallet immediately. Many altcoin wallets are also available in case you want to buy additional crypto.

Using your Swyftx account, it’s easy to go from Ripple to AUD, and even easier to check the Ripple statistics/ price (AUD). If you buy Ripple in Australia using your Swyftx account,  you’re on your way to having a crypto account you can rely on within a jurisdiction you’re eligible in. If you want to buy XRP in Australia, Swyftx is right for you. 

Deposits and withdrawals of Ripple, or any digital asset you can buy through your Swyftx online account or app, can be made from your private wallet at any time.

How do we determine the price of Ripple?

The price of Ripple listed for trading on the Swyftx crypto exchange is set by real-world trade volumes averaged on global exchanges. The buy/ sell order books are managed by the same principle. The price of XRP Ripple will probably be different each time you deposit funds to buy XRP, but that may change with the market depth. If the overall market grows, Ripple’s cost may rise. The price of XRP Ripple on Swyftx will not fluctuate as heavily as you might see on our competitor’s sites.

The price of Ripple may be influenced by the supply and demand from buyers and sellers throughout the world. The current price when you buy XRP is set at the price of the last trade that took place, which means the latest price a buyer and seller agreed to exchange at. A Swyftx account doesn’t charge any artificial spread on Ripple, nor does it “make the market” when you buy Ripple in Australia. This means you can trade as little or as much Ripple on your account as you like, and you’ll always get the best prices with the lowest fees on our exchange.

Buy Ripple Australia in minutes!

Buy Ripple on Swyftx and we immediately make the Ripple available in your wallet. It’s super easy and super fast!

Signup Now

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