XRP to Rands

What is XRP?

Ripple or XRP is a crypto token designed to move transactions from centralized databases in financial institutions to a more decentralized platform. The transactions are cheaper, fast, and borderless. Ripple was founded by Chris Larsen and Jed McCaleb of the Ripple Labs based in the United States in 2012. XRP runs on the XRP Ledger blockchain. Ripple comprises two main constituents:

  • Ripple – It provides Real-time Gross Settlement (RTGS), remittance, and currency exchange. They are supported by the XRP Ledger Blockchain using the Ripple Net protocol. This protocol facilitates efficient transactions between financial institutions. The XRPL supports utility on various platforms, including Python, Java, and JavaScript, for developers to build applications that run on the blockchain.
  • RippleNet – Refers to the network nodes that facilitate seamless communication and payments across all participants in the Ripple Network.

XRP to ZAR Price

Latest price for XRP (Ripple) to Rands/ZAR. We update and check the price constantly to ensure the most accurate price of XRP in South African Rands.

[crypto-table id=’xrp’]

Features and uses of XRP

  • Supply and distribution

While other cryptocurrencies are mined, this is not the case with XRP. On the ledger launch in 2012, 100 billion XRP tokens were issued, which is the maximum supply. Eighty billion tokens were allocated to the Ripple Network while the development team and founders collected the rest. More about the distribution of the tokens are kept transparent on the Ripple website, including the Escrow account allocations. 

  • Scalability

Scalability in blockchain technology refers to the number of transactions a network can support per second. XRP is way ahead in scalability compared to Bitcoin with only seven transactions per minute, Litecoin at 56 transactions per minute. Ripple can facilitate up to 1500 transactions per minute. The features make XRP a prime candidate for daily global money transfers at trillions.

  • Inter-bank transactions

Ripple-net and XRP facilitate banks and other financial institutions to break away from the SWIFT network. This SWIFT network has been widely used globally to handle large amounts in most banks since the 1970s. The framework is, however, very slow and costly. The legacy network is also full of regulations and laws which make it difficult for efficient and seamless transactions, making Ripple very attractive to solve these issues due to its flexibility and scalability.

  • Liquidity

Liquidity refers to the ease of converting your assets to fiat currency or desired financial output. There are high liquidity fees at very slow speeds in the current SWIFT Network used by banks. For example, transferring foreign currencies to local banks would involve the transaction bouncing off several financial institutions searching for liquidity to send back to the local bank. In this case, XRP acts as a liquidity bridge. It is cheap and accessible to all financial institutions, where the transaction would be closed in seconds. This service is called the On-Demand liquidity, using XRP to look for liquidity in a cross-border transaction.

  • XRP legal issues

In 2020, Ripple was sued by the Securities and Exchange Commission (SEC) over the alleged sale of unregistered securities amounting to 1.3 billion dollars. It referred to the XRP sales in the Ripple Network, resulting in de-listing from several platforms and exchanges.

Buying XRP in South Africa

  1. Luno

The exchange was previously known as BitX before being renamed Luno in early 2017. Headquarters are in London, with branches in Singapore and Cape Town, South Africa. South African users can use it to buy and sell XRP.


  • Advanced trading features with CSV trade exports
  • Major fiat currencies are accepted, such as the South African Rand, Euro, Indonesian Rupiah, Malaysian Ringgit, and Nigerian Naira
  • Rand (ZAR) cash deposit fee of 5% 
  • Top-tier security of both hot and cold wallets, multi-signature hot wallets, and strict authentication procedures
  • Trade XRP with ZAR directly

2. Binance

By trading volume, Binance is the largest cryptocurrency exchange in the world. The platform is also one of the fastest in the cryptocurrency market.

The exchange offers one of the most diverse selections of crypto currently available in the market. The currencies and tokens on offer range from the greatest by market capitalization to some smaller and less well-known coins and tokens. It has a wide range of XRP trading pairs


  • Direct purchase in the P2P program with zero fees in ZAR by local payment methods.
  • High liquidity of XRP compared to any other exchanged
  • Low fees
  • Deposits in ZAR and cash through local banks direct transfer
  • Yielding and staking are available
  • Crypto loans
  • High security of assets with both hot and cold wallets.

3. Crypto.com

Crypto.com supports cryptocurrency trading and other crypto-related activities. Ranging from various services that allow users to earn, spend, and borrow cryptos. The Rand (ZAR) is accepted for deposits and withdrawals. Crypto.com is a safe and controlled platform with a wide product offering.


  • Crypto loans are available with interests ranging from 25% to 50%
  • Crypto.com Visa card to spend your XRP holdings and other crypto assets
  • Supports ZAR deposits and debit cards. Wire transfers are available too.
  • Derivatives offer up to 100 times leverage
  • High-security measures, including wallets and authentication
  • High trading fees
  • Limited coin pairs

4. Kraken

Kraken, situated in San Francisco, has been operating since 2011 and is widely regarded as one of the top cryptocurrency exchanges. Kraken has continued to add market data and advanced trading to its platform. It recently acquired live cryptocurrency price feeds and charting professional Cryptowatch.


  • Trading platform with a good reputation
  • A large variety of XRP pairs are available.
  • Security protocols for websites in their entirety
  • Trading commissions are relatively minimal.
  • For new traders, the platform is complicated.
  • Mobile trading app only available for IOS and desktop websites.
  • ZAR is not included in the funding options for fiat currencies 

5. Coinbase

Coinbase is a major player in the world of online cryptocurrency exchanges. The platform makes it extremely simple for buyers and sellers of cryptocurrency to be matched up with similar price ranges.


  • A web interface that is simple to use.
  • A wide variety of cryptocurrencies, including XRP is available.
  • Liquidity is high, with up to 2$ sale on crypto.
  • The fees for making payments are rather expensive.
  • Users’ wallets are centralized, referred to as custodial wallets.