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Ripple (XRP) is a project designed to facilitate international transfers between financial institutions. The project uses a distributed network to make moving money around the world fast and low-cost. The XRP token is used for some of Ripple’s products.
How to sell XRP?
Deposit funds into your account.
Choose an amount
Enter the amount of Ripple (or Australian Dollar equivalent) that you would like to buy or sell.
Click ‘Buy' to confirm your Ripple purchase and your XRP will arrive in your TimeX wallet within minutes.
How to buy Ripple
Users based in Australia can buy Ripple (XRP) from TimeX in just a few minutes. Simply open an account, complete verification, and deposit funds via bank transfer or a range of other options.
1.026593 XRP = 1 AUD
|AUD Australian Dollar
Sell XRP with a credit card for AUD
Pros and Cons
Australian Crypto Exchange
TimeX is the decentralised exchange for the ChronoBank ecosystem: a completely secure, easy and convenient way to trade digital tokens and cryptocurrencies on a peer-to-peer basis.
Ripple is a cross-border payments network that offers fast international transactions for financial institutions.
It is gaining adoption by an increasing number of banks and other financial organisations.
Ripple offers multiple different products for different use cases and circumstances.
XRP is well supported by exchanges and has an enthusiastic trading community.
Ripple is an institutional project rather than an open, grassroots blockchain initiative.
The XRP token is only used for some of Ripple’s products, limiting overall demand
Ripple has a higher degree of centralisation than true blockchain networks.
A very large number of XRP tokens are held by the co-founder, potentially affecting its future price.