Buy XRP With a Credit & Debit Card in Australia

Cryptocurrencies have become increasingly mainstream in recent years and many people look for ways to join the crypto market, including in Australia. We prepared a complete guide on how to buy XRP using CEX.IO services to make the process simple while answering the most frequent questions. 

What Is XRP Cryptocurrency?

Many crypto newcomers call XRP cryptocurrency “Ripple” but it is important to distinguish between these two names. Ripple is a US-based company that provides payment settlement services and a currency exchange network to process international transactions. For that, Ripple uses the RippleNet platform and a distributed database called XRP Ledger. XRP Ledger runs XRP cryptocurrency for currency conversion and transactions. XRP Ledger is not based on blockchain as many other cryptocurrencies but network validation is still distributed.

XRP cryptocurrency was designed to be a fast, scalable, and less costly alternative to existing international payment solutions such as SWIFT. XRP transactions are almost instant and charge relatively low fees compared to other major cryptocurrency networks. It can be used for investments, as a unit to transfer funds within the network, and as an intermediate asset to exchange different cryptocurrencies. 

Where To Buy XRP in Australia?

For Australians, one of the easiest ways to purchase XRP is using a local crypto exchange or a global platform that provides services in Australia. However, it's important to note that various exchanges have different transaction fees, withdrawal limits, payment methods, verification processes, and supported services, so users should carefully consider these factors before choosing one.

CEX.IO could become a crypto exchange that fits all your needs when you buy XRP in Australia.

Why Choose CEX.IO for Crypto Purchases?

Top-tier Security

Founded in 2013, CEX.IO is a regulated and secure crypto exchange that uses advanced security techniques and practices to provide users with a safe and reliable place for crypto purchases. CEX.IO complies with international anti-money laundering laws and follows KYC policies to keep customers’ data and funds secure. In addition, CEX.IO customers may use several second-layer solutions to increase the security of their accounts. You can find more information about the security of users’ funds on CEX.IO in our blog post. 

High Availability

CEX.IO is a global crypto exchange with over 15 million users around the world that provides its services in more than 99% of countries, including Australia. Furthermore, with our mobile app, you can manage your crypto whenever you go.

Multiple Ways To Fund an Account

CEX.IO is known as one of the first crypto platforms that started accepting payment cards for crypto purchases. Australians are free to buy XRP using their Visa and Mastercard debit and credit cards after completing identity verification. In addition to card transactions, customers from Australia may also use international bank transfers, Google/Apple Pay, and online wallets (Skrill, Neteller) to perform fiat deposits and withdrawals on the platform. Find more information about supported payment options on our Limits and Commissions page.

Ecosystem of Crypto Services

CEX.IO features numerous services that empower users to take advantage of cryptocurrencies. You can buy, sell, and trade crypto on the CEX.IO platform. If you want to earn cryptocurrency rewards, you can start using one of the CEX.IO Earn services. CEX.IO also features spot and margin trading platforms as well as multiple services for businesses and institutions.

How To Buy XRP With a Debit Card on CEX.IO: a Step-By-Step Guide

On CEX.IO, you are not limited to a single instrument for crypto purchases. The platform offers several ways to buy XRP, empowering users to find a method that suits their needs best:

• Instant Buy service
• Spot Trading 
• Convert and Swap services

Each service has its own features and provides a different crypto experience. Let’s dive into them to find out how to buy XRP on CEX.IO. 

Instant Buy

CEX.IO users found the Instant Buy service one of the most convenient and fastest ways to purchase XRP and other cryptocurrencies. With this service, you can buy a preferred cryptocurrency in a matter of minutes by paying with a credit or debit card. 

Follow these steps to buy XRP via the Instant Buy service:

• Go to the Instant Buy page.
• Select XRP and a preferred fiat currency for the transaction.
• Enter your purchase amount or pick on the precalculated packs.
• Click “Buy” to choose the payment method.
• Add a new card or use a card you have already verified on the platform. 
• Double-check the details and confirm the transaction.
• Purchased crypto will be sent to your account balance in a matter of minutes. 

Spot Trading

CEX.IO Spot Trading empowers users to trade over 200 assets on more than 400 crypto-to-crypto and crypto-to-fiat markets. On Spot Trading, you can check the current price of XRP on different markets, as well as find useful information that may help assess current market situations and make well-informed trading decisions.

In order to buy XRP, you first need to select one of the supported currency pairs for XRP. Then choose the direction of trade — buy or sell. After that, go to the order type selection.

Three types of orders are available: market, limit, and stop-limit. Market orders allow you to exchange cryptocurrency instantly at the best available price in the order book. With instant execution, market orders cannot be canceled. On the other hand, limit and stop limit orders allow you to set the price of the asset to trade, but execution may not be instantaneous. These orders are completed when the market price reaches a certain level and an opposite order appears in the order book.

After selecting an order type, specify the amount of your trade. Other parameters depend on the order type — you can choose a specific maximum slippage price for market orders or TIF policy for limit orders. When the order is placed and executed, purchased crypto will be sent to your CEX.IO balance. 

Convert and Swap Services

The Convert feature of the CEX.IO Wallet allows you to swap between different crypto and fiat currencies even when there is no direct currency pair available on the Instant Buy and Spot Trading page. In order to convert one asset into another, just select what currencies you want to swap on the Wallet page or in the CEX.IO App. After the conversion, you can see purchased crypto on your balance. 

The Swap service is represented on our CEXDEX platform. It allows you to effortlessly exchange digital assets directly from your Web3 wallet and take the best of both worlds: centralized and decentralized exchanges, all in one place.

How To Buy XRP with a Credit Card Using Australian Dollars?

Although there are no currency pairs with Australian dollars (AUD) on CEX.IO, you can deposit and withdraw funds using a card issued in AUD. For that, make sure that your card supports international transactions and currency conversions. Keep in mind that only personal Visa and Mastercard payment cards are accepted on the platform.

When purchasing crypto with a card or funding your account, select your primary currency for the transaction among the supported ones. Your purchase amount in Australian dollars will be converted to this currency with your bank rates.

How To Check XRP Prices on CEX.IO?

If you want to check the current XRP price in U.S. dollars and its performance for the last 24 hours, visit our Prices page. There you will also find prices for all other cryptocurrencies available on CEX.IO.

If you want to check the XRP price chart and analyze historical prices on different markets, visit our Spot Trading page. 

What Can I Do with XRP After Purchase?

If you consider trading XRP for a long time, then you can buy and hold it on your CEX.IO balance. Users may choose this way if they want to take advantage of a potential XRP price increase and remain close to crypto markets. In addition to storing crypto, this is what else you can do with your crypto:

• Trade XRP. If you anticipate price fluctuations in the short term, you can use the purchased XRP tokens for trading. CEX.IO Spot Trading provides customers with advanced trading tools to perform numerous trading strategies and analyze current market conditions.
• Transfer XRP around the globe with low fees and fast settlement. After purchasing XRP on CEX.IO, you are free to send crypto to external wallet addresses using a secure and reasonably-priced way.
• Eligible participants can also put XRP into the Savings account and anticipate crypto rewards based on the annual reward percentage. 

How To Withdraw XRP on CEX.IO?

For XRP withdrawals via the CEX.IO Wallet, click “Withdrawal” next to the XRP balance. Alternatively, you can click the Withdraw button at the top right corner. After that, set the amount you want to transfer, the destination wallet address and tag. 

A destination tag ​​is a feature that is widely used by crypto platforms to recognize XRP transactions. It is necessary to identify a transaction recipient beyond a wallet address. If you are not sure what destination tag you should include in the field when withdrawing funds, please contact your recipient wallet service to clarify this information.