The best place to buy XRP is on a crypto exchange like [Cointree](https://www.cointree.com/). A crypto exchange is much like a stock exchange or similar financial institutions, but is created for people to trade digital currencies on. Tens of thousands of Australians choose to trade on Cointree. Along with our low fees and market depth, we have one of the most secure platforms of any cryptocurrency exchange. You can buy bitcoin, buy XRP, sell XRP and trade hundreds of [crypto assets](https://www.cointree.com/trade/cryptocurrencies/) with confidence. We take security seriously and our state-of-the-art Fund Protection Features will help keep your account secure. Furthermore, as an Australian crypto exchange, we're regulated by AUSTRAC and provide bank-level encryption security to protect the funds on our platform. Your digital assets are protected on Cointree.

It's easy to get started. All you need to do is create an account, verify your identity, deposit funds with a bank transfer or PayID. Then you're ready to buy Ripple and other digital currencies. You can choose from a variety of payment methods to deposit AUD into your account. You can make a bank transfer or bank deposit using PayID from Australian banks. PayID is the most popular of the deposit methods as it makes instant deposits possible. You can also deposit funds using cash. Whether you're a beginner or an expert, you can get started in minutes and buy Ripple in only a few clicks. You'll get access to our low fees and free multi-coin wallet on our trading platform. Buying XRP has never been easier.

Most people who buy the XRP currency on Australian crypto exchanges keep their coins on the exchange. At Cointree, you can store your coins in your free multi-coin wallet. With your free multi-coin wallet, it's easy to store every digital asset your purchase. Whether you buy bitcoin or make a cash deposit, you can quickly get an overview of your portfolio by checking your crypto wallet. Plus, you can get an overview of your XRP investment in your account dashboard.

XRP is the native digital asset of the Ripple network, RippleNet. It was created to make it easy for banks across the world to send each other money and settle transactions quickly. Without a blockchain-based system, it can take much longer and be more expensive to settle these transactions. XRP is a token that is used by the XRP ledger to help facilitate international currency exchange and remittances. These banks operate on the Ripple payment network using XRP. It helps them facilitate transactions as it is fast and cost-efficient for cross-border payments. It could make it possible for anyone to send money virtually anywhere in the world with only a low fee, much more powerful than a debit card. A payment system built on XRP could become many people's preferred payment method. Today, banks are using XRP to help them facilitate transactions on behalf of their customers. So if you purchase XRP, what can you do with it? There are many things you can do when you buy XRP. If you trade crypto, you can trade XRP on a crypto exchange like Cointree and take advantage of the low trading fees. Or you can hold it for the long term in XRP wallets on cryptocurrency exchanges or in self custody. You could even swap it to buy bitcoin on a cryptocurrency exchange. Some banks are buying XRP to access the Ripple network. The Ripple network is what makes it easy for banks to connect and transact with over 200 other banks and payment providers worldwide, such as American Express who are already using the XRP ledger to help process some transactions.

RippleNet is a network for banks to send money to each other internationally. As different banks across the world have different standards and currencies, it can make it difficult for them to transact efficiently. RippleNet aims to solve this issue by creating a standardised protocol that lets banks in the network seamlessly transact with each other. As the number of global financial transactions continues to balloon, this can create bottlenecks for banks and slow them down from helping their customers send and receive money. Waiting times can have an especially large impact on people waiting to receive remittance payments, as it is often their primary income stream. [How long does it take to transfer money between banks](https://www.cointree.com/learn/bank-transfer-times/)? People are often surprised to hear that bank transfer times can take up to five days. In contrast, an international network of banks operating on XRP could operate with instant settlement. Instead of having to wait days or even a week, customers' international transactions could be processed in seconds. This vision is what gets some people to deposit funds and buy XRP on cryptocurrency exchanges. One advantage of the RippleNet system, much like many cryptocurrency assets, is the end-to-end visibility into deposit fees and the flow of XRP coins. Although, the primary reason that people buy XRP and consider it an important digital currency is that it helps lower the cost of international transactions. With the potential to help many people across the globe, some people seek our XRP exchanges and are buying XRP. On an exchange like Cointree, you can buy Ripple instantly with PayID and no need for a debit card. Moreover, there is a range of deposit methods to help you buy XRP Ripple with ease.