Buy XRP (Ripple) in New Zealand
How to buy XRP (Ripple) in New Zealand
1. CREATE ACCOUNT
It’s FREE to join!Sign up is fast, secure and designed to keep your data protected.
2. DEPOSIT FUNDS
Local bank transferDeposit New Zealand dollars or USD via SWIFT. Deposit AUD using PayID, NPP or EFT.
3. BUY XRP (Ripple)
Low trading feesEnter the dollar amount you want to trade for XRP (Ripple) and click “Buy XRP”.
What is XRP?
XRP is a cryptocurrency that runs on the XRP Ledger. It is designed to be used as a token of exchange for faster, cheaper, and more convenient international transactions. XRP is a solution for the outdated and inefficient financial system. With XRP, you can settle cross-border transactions in a few seconds at a fraction of the cost compared to traditional methods.
Unlike most cryptocurrencies, XRP isn’t produced through mining or staking. All of XRP’s supply was created before its launch and distributed to the public in portions. Initially, 100 billion XRP coins were produced, with no more to be created. Ripple also keeps a large portion of XRP tokens locked into a series of escrows. They release XRP every month with the intention of adding predictability to the currency’s supply.
Fast and Efficient
The XRP Ledger (XRPL) is an open-source blockchain designed for payment processing, which is maintained and improved by the XRP Ledger Foundation. It is known for its speed and cost. XRP Ledger transactions are faster and cheaper than other blockchains because of its unique consensus mechanism, which doesn’t require mining.
The XRPL uses a global consensus run by a growing network of over 150 individual participants who agree on the validity and order of XRP transactions. Each validator can select a set of other validators to verify their transactions from the Unique Node Lists (UNLs) maintained by Ripple, the XRP Ledger Foundation, and Coil. A majority of validators need to accept the transaction to be verified.
With this consensus, XRPL can handle up to 1,500 transactions per second accurately and consistently. As a result, the ledger is more scalable than other blockchains.
Buy XRP (Ripple) on the go
Buy and sell XRP (Ripple) and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.
Frequently asked questions
The best place to buy XRP (Ripple) in New Zealand
Lower feesTrading from 0.5% down to 0.02%
24/7 supportOur team of experts are on hand to help with any issue you might have
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How we treat client assets
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 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.
Explore our features
Buy, sell and store XRP (Ripple)
Trade XRP (Ripple) on your mobile or your desktop.
Available on iOS and Android
Buy and sell XRP (Ripple) in seconds, track your portfolio and monitor the crypto market on the go.
AutoTrader and recurring buys
Automate your crypto investments with strategies that allow you to dollar-cost average (DCA), diversify your portfolio and buy or sell on deposit.
Buy and sell limit orders
You have easy and advanced ways to buy and sell crypto. Order types include simple, market, limit and advanced “stop buy” and “stop sell”.
XRP (Ripple) OTC desk
Our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges.
Whether you are looking to trade XRP (Ripple) or other cryptocurrencies OTC from $50,000 to $50 million, our industry-leading desk will provide you with seamless trade execution and settlement services that are discreet, secure and ultra-competitive.
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