Sell XRP (XRP)
How to sell XRP
Register, deposit and sell in 5 minutes
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1. Create account
Securely create your personal or business account and verify your identity.
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2. Deposit
Instantly deposit XRP and other crypto assets 24/7.
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3. Sell XRP (XRP)
Place a market or limit sell order. Alternatively, use our OTC desk for high-value trades.
There are multiple ways to sell
Market sell
Limit sell
OTC sell
Auto & API sell
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Your trusted cryptocurrency exchange
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Made for you
Create a personal or business account. Access the award-winning platform 24/7 using the website or mobile app.
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Simple deposits and withdrawals
Deposit and withdraw USD, AUD, SGD or NZD using SWIFT or local bank transfer in supported jurisdictions.
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Low fees
Trading fees start at 0.5% and go down to 0.02%. Low fees apply to instant, crypto and SWIFT withdrawals.
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Multi-currency trading
Buy and sell XRP and other popular cryptocurrencies with USD, AUD, SGD or NZD.
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Sell XRP on the go
Buy, sell and track your cryptocurrency portfolio, anywhere and anytime with the Independent Reserve app.
Awards & Recognition
Join over 400,000 happy customers
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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.
1:1 reserves
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.
Audited
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.
Segregated funds
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.
Sole custodian
Independent Reserve is the 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 or trade your assets.
What is XRP?
XRP is the native cryptocurrency of the XRP Ledger. It is used to facilitate cross-border payments. It has also been designed to offer a real-time gross settlement system (RTGS), asset exchange, and remittance network.
XRP is unique in the way that it’s a pre-mined currency. Unlike other cryptocurrencies, 100 billion XRP tokens were already created on its launch, with no way of creating more. Ripple Labs holds a large portion of XRP tokens which are released to the market periodically. Any XRP that is not in circulation is stored in escrow.
Faster and cheaper settlements
XRP is designed to settle fast and cheap transactions. It runs on the XRP Ledger (XRPL) blockchain, which operates differently than most cryptocurrencies. It uses a consensus system where validators verify transactions by comparing the information they receive according to the same rules. This will solve the double spending problem and improve the system’s integrity to become faster, cheaper, and more energy-efficient.
Another aspect of XRPL’s speed is its hashing algorithm called HashTree. It doesn’t need to compare every piece of information in the ledger. Instead, it verifies transactions by comparing a single value that condenses all the data in the ledger. As a result, XRPL accomplishes transaction settlements in about three seconds.
Get started today
Register, deposit and trade in 5 minutes.