{"id":2842,"date":"2017-12-16T04:14:22","date_gmt":"2017-12-16T04:14:22","guid":{"rendered":"http:\/\/notsealed.com\/?p=2842"},"modified":"2023-07-20T09:49:32","modified_gmt":"2023-07-20T09:49:32","slug":"how-to-buy-xrp-ripple-bitcoin-australia","status":"publish","type":"post","link":"https:\/\/notsealed.com\/how-to-buy-xrp-ripple-bitcoin-australia.html","title":{"rendered":"How to Buy and Store XRP Ripple & Bitcoin in Australia Fast"},"content":{"rendered":"
There is a lot of interest in Cryptocurrencies lately, especially in the more real-world use coins like XRP which is a blockchain fast trading currency from the company Ripple.<\/p>\n
If you don’t know much about XRP or Ripple you are not alone. XRP has flown under the radar for quite some time now. It’s an undervalued cryptocurrency due to the fact that it’s a banker’s coin and goes against the whole original Bitcoin (BTC) philosophy of a decentralized untrackable real-world currency. But its starting to gain in value, so if you are looking to buy XRP in Australia read on to safely purchase and store your XRP online or on a Nano S Plus hardware wallet.<\/a><\/p>\n The main reason I’m\u00a0so bullish on Ripple XRP<\/a> is due to the fact it has a 3-second processing time. You can send funds all the way around the world in less than 3 seconds and it will only cost you a fraction of a coin like 0.001 XRP (variable-rate depending on traffic)<\/p>\n It is also not a security. A landmark decision by a US Court in July 2023 has ruled that the sale of Ripple\u2019s XRP tokens via exchange does not breach US federal security laws. Sky News reported<\/a>.<\/p>\n This is a big reason banks are looking to invest in Ripples XRP cryptocurrency blockchain due to its speed, stable price, and reduced cost of doing the business of settling funds around the world. (Reduced fees from Swifts old system<\/a> by up to 60% claimed)<\/em><\/p>\n Not like Bitcoin which currently has a huge backlog of transactions, which can take hours to process and actually can cost over $10 for a transaction when the price goes high. But it is still the market leader.<\/p>\n Ripple works directly with banks to change how they send money around the world, cheaply, efficiently, and very fast. XRP is the currency banks can use to transfer funds around to other banks around the world. Like a bridge between foreign exchange currencies.<\/em><\/p>\n Ripple XRP is pre-mined at the full value of 100 Billion coins, This means no more can ever be released or mined. Not unlike Bitcoin which requires a huge amount of power to mine a single bitcoin now. XRP is actually very environmentally friendly. I’m glad to see a few crypto miners are starting to use solar panels for their bitcoin mining rigs<\/a> to offset the power use.<\/p>\n Ripple has licensed this amazing blockchain technology to over 100 banks around the world.\u00a0 Including two main Australian banks, Westpac and National Australia Bank.<\/p>\n Then a while back, American Express decided to team up with Ripple<\/a>. Then out of the blue Michael Arrington\u2019s $100 million cryptocurrency hedge fund will be valued in Ripple\u2019s XRP and dividends paid out in XRP. These are all huge real-world use of Ripple’s technology.<\/p>\n MoneyGram is also using XRP<\/a> for cross-border transactions.<\/p>\n <\/p>\n We are actually very lucky here in Australia that we can purchase XRP directly with Fiat currency or in other words real\u00a0Aussie\u00a0dollars.<\/p>\n In other countries or exchanges, sometimes you would first need to purchase something like Bitcoin, Litecoin, or Ethereum, then convert or swap that over into XRP.<\/p>\n To buy Ripples XRP in Australia just go over to a popular crypto exchange site called BTC market.<\/a> This is an ADCA<\/a> (Australian Digital Commerce Association ) regulated trading platform so you know they are trading by the rules.<\/p>\n Sign up and go through their verification process. You will need to provide them with some form of government ID like digital scans of your driver’s license or passport. Once these have been uploaded the verification process may take a few days depending on how busy they are. For me, it was around 2 days. Some of my friends have had verification only take a few hours.<\/p>\n Once you have been verified BTC markets will send you options to deposit funds. You can push across other cryptocurrencies and convert them into XRP or you can deposit your hard-earned cash via BPAY. Osko or POLI Payments. I just use BPAY and usually takes around 2 days to arrive in my account at BTC Markets.<\/p>\n Osko payments are the new national payments scheme which is designed to process your funds between banks usually within 10 minutes. I have found this a great way to catch the dips and instantly transfer money from my bank to BTCmarkets.<\/p>\n Don’t use a credit card as the processing time will take longer and there is a fee to process them around 1.5%. Direct debit is free from a nominated savings account.<\/p>\nWhat Makes XRP blockchain so good? – Quick history lesson?<\/h2>\n
What is Ripple XRP?<\/h3>\n
How to Buy XRP Australia? Option 1<\/h2>\n
After you have been verified<\/h3>\n
Supported Banks for POLI Pay<\/h4>\n