XRP (formally known as Ripple) is the native crypto token used by the XRP Ledger – an open-source, decentralized network built as an alternative to traditional money transfer systems like SWIFT.
Legacy payment networks are often slow and can trigger high currency exchange fees. In contrast, XRP transactions only cost 0.00001 XRP and are confirmed in seconds. This makes XRP a much faster, more affordable way to transfer money than most other cryptocurrencies or banking networks.
What is XRP used for?
XRP helps individuals and financial institutions conduct fast, cheap transactions. In addition, it can serve as a bridge between currencies.
For example, let’s say you want to send someone USD but only have AUD. XRP Ledger’s bridging feature allows you to purchase XRP with your AUD. Then, it trades that XRP for USD at the best possible rate.
How do I buy XRP?
It’s easy to buy XRP in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase XRP. It’s as simple as that!
Learn how to sell XRP.
Why should I trade XRP with Coinstash?
Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.
People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.
Ready to start trading XRP? Create your Coinstash account in minutes!