How to buy XRP (Ripple) in Australia

The best and cheapest places to buy XRP down under.

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CoinSpot

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  • Trade XRP and 518 other cryptos.
  • Easy deposits and withdrawals.
  • Get $20 in BTC when you make a deposit. T&Cs apply.
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XRP is the utility token of the XRP Ledger, which is a decentralised payments network designed by Ripple Labs to offer ultra-fast and low cost global transactions.

It has remained one of the largest cryptocurrencies by market capitalisation since it launched in 2012 and set a new all-time high price in 2025, 7 years after its last all-time high in January 2018.

How to buy XRP in 5 steps

The easiest place to buy XRP (Ripple) in Australia is via a recognised cryptocurrency exchange.

You can follow the steps below to get started:

  1. Find a crypto exchange. The easiest way to buy XRP is from a cryptocurrency exchange. When looking at exchanges, it's worth comparing any trading and payment fees, as well as those that let you buy XRP directly with AUD.
  2. Create an account. Once you've picked an exchange, you'll need to create and verify your account using a form of photo ID.
  3. Make a deposit. Once your account is verified, you can deposit AUD using one of the exchange's supported payment methods. This could be by bank transfer, card or Paypal. Alternatively you could use an instant purchase method.
  4. Buy XRP. You're now ready to purchase XRP. On beginner-friendly exchanges, this is as simple as entering the AUD or XRP amount you want to purchase and clicking "buy".
  5. Secure your XRP. Consider transferring your XRP to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Our picks for the best places to buy

Where to buy XRP in Australia

If this is your first time buying cryptocurrency, it might be easier to use an exchange that lets you buy XRP with Australian dollars directly via your preferred payment method.

You can compare crypto exchanges based on their payment method options below:

1 - 10 of 24
Product GXFCY Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer
CoinSpot logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal

1

519

Get $20 in BTC when you make a deposit. T&Cs apply.
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Capital at risk

View details
OKX logo
Bank transfer, Cryptocurrency

1

306

Get $20 in BTC when you trade $20 in the first 14 days after opening an account. T&Cs apply.
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Capital at risk

View details
eToro Crypto
Best Rated BrandExclusive
eToro logo
Bank transfer, Credit card, Debit card, PayPal, eToro Money

27

108

Go to site

Capital at risk

View details
Bitcoin.com.au
Bitcoin.com.au logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal

1

30

Get $10 of Bitcoin when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
Kraken
Finder Award
Kraken logo
Bank transfer, Cryptocurrency, PayPal, PayID

7

299

Go to site

Capital at risk

View details
Swyftx
Finder Award
Swyftx logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

434

Get $20 in BTC when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
Coinstash
Finder AwardExclusive
Coinstash logo
Bank transfer, Cryptocurrency, Osko, PayID

1

1073

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
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Capital at risk

View details
Coinbase logo
Bank transfer, Cryptocurrency, PayID

4

259

Go to site

Capital at risk

View details
Digital Surge logo
Bank transfer, Cryptocurrency, Osko, PayID

1

414

Receive $10 BTC on sign-up and verification. T&Cs apply.
Go to site

Capital at risk

View details
Independent Reserve logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal

4

30

Get $10 of Bitcoin when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
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What will I need to buy XRP?

To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not AUD.

If you want to buy XRP with Australian dollars, you'll need to pass a Know Your Customer (KYC) check.

This is a standard security procedure for most exchanges in Australia and requires you to upload some photo ID, and in some cases a selfie with today's date.

KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.

XRP (XRP) price

Use our graph to track the performance of (XRP) over time.

How we keep this XRP guide up-to-date

  • XRP price data is regularly updated through data feeds so you always have the latest information.

XRP at a glance

Information last updated February 02, 2025 10:02 UTC.
Coin symbol XRP
Coin Marketcap AUD$165,059,706,580
Total XRP supply 99,986,541,057
Circulating XRP 57,703,732,191
Current price AUD$4.576
All time high AUD$8.704
All time high date January 07, 2018

XRP price performance over time

Historical prices compared with the price of $4.576.

1 hour -1.10%
24 hours -4.26%
7 days -8.25%
14 days -8.76%
30 days 18.19%
60 days 8.60%
200 days 367.11%
1 year 467.87%

Disclaimer: Cryptocurrencies, including XRP, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XRP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the XRP or any other cryptocurrency discussed.

What is XRP?

XRP (XRP) was launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. It was designed as a digital payment network to reduce the cost of international payments.

The XRP Ledger is an open-source and peer-to-peer decentralised payment gateway that aims to provide "utility for the new global economy". XRP is the native token of the XRP network and is used by the company Ripple Labs Inc for cross-border settlements.

It acts as an infrastructure layer that supports low-cost, borderless transactions and allows for transferring money and cryptocurrency.

Unlike other cryptos such as BTC and ETH where new blocks are generated via mining or staking, XRP pre-mined 100 billion tokens at its launch.

These tokens were distributed to individuals and companies, with a large majority of tokens held by just a few entities.

What is Ripple?

Ripple is the payment and settlement protocol that underpins the XRP Ledger. It is distributed open source network and can be used to support currency exchange, remittances and real-time settlements across borders.

Thomas Stelzer's headshot
Our expert says: Is XRP too centralised?

"One of the common criticisms of XRP and Ripple Labs is that the supply of XRP is concentrated in the hands of a few key investors, which is something that goes against what many would see as a core ethos of cryptocurency - decentralisation."

Journalist

How is XRP taxed?

XRP is treated as an asset by the Australian Tax Office (ATO), which means that if you've bought, sold or earned XRP during the financial year, you will need to report it at tax time.

Investors will need to declare any profits as capital gains, while losses can be used to reduce your tax bill or offset any future gains.

If you make frequent trades in a professional capacity you may be classified as a trader, which is a bit more complex.

Learn more in our guide to crypto tax in Australia or use our round-up of the best crypto tax software to make tax reporting easier.

Can you buy XRP via an ETF?

While there are currently no direct XRP ETFs (exchange-traded fund) like there are for Bitcoin or Ethereum, a few companies have lodged applications to launch XRP ETFs in the US.

These ETF applications are likely to be approved under the pro-crypto Trump administration, which means you would be able to get exposure to XRP via the stock market.

What's the latest on the XRP court case?

In late 2020, the Securities and Exchange Commission (SEC) sued Ripple Labs over the allegation that it had raised more than $1 billion through the sale of XRP in an unregistered security offering.

With the incoming Trump administration likely to replace the SEC with pro-crypto appointees, investors believe it may be about to drop its case against Ripple.

These are the latest developments on the XRP legal battle (as of January 2024):

  • On 15 January, the SEC filed an appeal in the case, despite the current administration stepping down in a matter of days.
  • In October 2024, the Securities and Exchange Commission (SEC) appealed the 2023 ruling that found that the XRP token was not a security.4
  • In August 2024, a Manhattan judge ordered Ripple Labs to pay US$125 million in penalties to the SEC over improperly selling the XRP token.5
  • In July 2023, US District Judge Analisa Torres ruled that "Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges," according to a court statement.

Frequently asked questions

  • Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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Written by

Journalist

James Edwards is a seasoned cryptocurrency expert and content creator with over a decade of experience in blockchain, DeFi and Web3. An early adopter of Bitcoin, he has contributed to major outlets like Nasdaq, CoinDesk, and The Street, and has reported at leading industry events such as TechCrunch Disrupt and CoinDesk Consensus. James has produced over 200 YouTube videos, including interviews with influential figures like Changpeng Zhao (CZ) and Tim Draper, and holds a Bachelor of Liberal Arts & Sciences in Psychology from the University of Sydney, along with a Tier 1 Generic Knowledge certification in compliance with ASIC standards. James created cryptocurrency content at Finder as a video producer, writer and editor from 2018 to 2023. See full bio

Thomas Stelzer's headshot
Co-written by

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

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