How to sell XRP in Australia
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Independent Reserve are great. I've used them for over a year now and they are very helpful and responsive to any questions. Highly recommended.Adam D.Google review
The quality of service which Independent Reserve provides is something that you don't find in many other crypto exchanges. Its customer service is fantastic. For a person who just started with cryptocurrencies, his customer service officer, Roger, patiently guided me along the way — highly recommended.Yim S.Google review
Great local and simple to use exchange with outstanding support. I had an issue with transferring currency between an investment platform and an exchange due to my error. Their support went above and beyond to help me out.Patrick I.Google review
Highly recommend Independent Reserve for the level of efficiency and support I've received on many occasions based on lack of experience in cryptocurrency trading on my part. On every occasion the staff have been unbelievably patient, caring and accommodating successfully resolving matters beyond my expectations! Great work guys!Eddie B.Google review
I find the level of service by the support team at Independent Reserve to be prompt, knowledgeable, patient!!! and they work with you to solve the issue. Yesterday, I was using PayId for the first time and after a few false starts, Melanie had me all sorted out. A previous issue I had with my initial purchases was also extremely well-handled. They way they handle queries, educates you and gets you off to a good start...Graham T.Google review
As someone who has integrated to over 20 crypto exchanges via their APIs, I can say Independent Reserve has the best API documentation by far.
Their customer support is also excellent which is something most exchanges sadly lack these days.Nick AddisonConsenSys
I organise and host blockchain meetups and conferences and am always hearing very positive things when it comes to Independent Reserve which is why I always recommend them.
They are by far the most trusted crypto exchange in Australia for consumer trading as well as institutional investment, and offer a great 'open order book' unlike most other Australia exchanges.Lucas CullenBlockchain developer
I find Independent Reserve to be one of the easiest, smoothest cryptocurrency exchanges that I use.
The client onboarding process was simple, it is easy to deposit funds and I particularly like the transparency of market depth and speed of execution.Claire Wivell PlaterManaging Director, The Fold Legal Pty Ltd
Protecting your assets is our top priority
No commingling of customer funds: we keep client assets completely separate from our own.
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.
What is XRP?
XRP is a cryptocurrency and the native digital asset of the XRP Ledger. It is widely known as a token of exchange used for international transfers. Unlike most cryptocurrencies, XRP currency is pre-mined. Upon launch, 100 billion XRP tokens were initially created and distributed to the public periodically. Ripple Labs owns a large portion of XRP tokens, which gives the company a controlling interest in the network. This is done to nurture the project’s growth and ensure that the cryptocurrency is successful over time. The remaining tokens are held in reserve and released regularly into the market through sales.
XRP or Ripple?
XRP is often referred to as Ripple. The connection between the two makes it easy for people to mistake using them interchangeably. However, XRP and Ripple are entirely separate. To put it simply, XRP is a decentralised cryptocurrency, whereas Ripple is a for-profit company that develops software for fast global financial settlements. Ripple utilises XRP and XRP Ledger to facilitate fast and cost-efficient cross-border payments.
Ripple doesn’t own XRP or XRPL. The company is merely a contributor to the network, with the same rights as other contributors. XRP and XRPL are developed and maintained by an independent entity called the XRP Ledger Foundation .
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