How to buy Rocket Pool (RPL) in Australia

A beginner's guide to buying and selling RPL in Australia.

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How to buy Rocket Pool

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Rocket Pool.

  1. Open an account on an exchange that supports RPL.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Rocket Pool.
  3. Buy Rocket Pool.
    Complete your Rocket Pool purchase and then find the best wallet to store RPL.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Rocket Pool?

Rocket Pool is a staking and pool provision service heavily integrated with the Ethereum 2.0 protocol and decentralised finance landscape. Staking is the process of locking up tokens in a network and receiving interest as a reward. While these coins are locked up in a "node", they are used to validate transactions and execute smart contracts. This is known as a Proof-of-Stake protocol (PoS). Though this is a very popular method of making money, it has a barrier for entry that many casual crypto investors cannot overcome. Rocket Pool aims to be a solution for this. To operate a node, investors need to lock up a significant portion of their Ethereum tokens (32 ETH), as well as have a server that is constantly online. Rocket Pool takes away the complexity from this process, and allows users to "delegate" their tokens to the platform, which will run a node and stake on their behalf. RPL is an ERC-20 token that is used to economically secure the Rocket Pool network. It can be staked in exchange for additional RPL tokens, though this is not a prerequisite for users that wish to stake ETH.

Rocket Pool (RPL) is the 143rd largest cryptocurrency in the world by market cap, valued at $534,304,716. The current price of Rocket Pool is $32.83, which is 3.724% higher than yesterday. Prices have ranged between $33.38 and $31.58 over the past 24 hours. All prices are listed in US dollars and accurate as of September 24, 2021 11:09 UTC.

Where to buy Rocket Pool

Find an exchange to buy, sell and trade RPL by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

645
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
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Rocket Pool at a glance

Information last updated September 24, 2021 11:09 UTC.
Coin symbolRPL
Coin MarketcapUS$534,304,716
Total RPL supply18,000,000
Circulating RPL16,166,801
Current priceUS$32.83
All time highUS$38.03

Rocket Pool price performance over time

Historical prices compared with the price of US$32.83.

1 hour -0.56%
24 hours 3.72%
7 days -1.86%
14 days 48.76%
30 days 86.88%
60 days 187.40%
200 days 181.36%
1 year 1,500.76%

How to sell Rocket Pool

You can cash out your RPL with the same exchange you bought it through:

  1. Sign in to the exchange you have RPL on.
    If you store your Rocket Pool in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of RPL you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Rocket Pool.

What to consider when buying Rocket Pool

Before investing in any cryptocurrency, an assessment of the token and its associated platform should be completed:
  • Competition. The biggest factor in RPL’s price going forward will be how popular the platform becomes. As the DeFi ecosystem has expanded, so too have staking solutions for ETH 2.0. Applications continue to pop up that allow users to delegate their crypto assets in exchange for rewards, and Rocket Pool will need to acquire majority market share over many of these if it is to become a less speculative investment.
  • Staking. Given the relatively streamlined use case of the RPL token, users will have to consider whether they wish to stake their tokens and the associated risks. While staking can be a great way to earn interest on otherwise idle assets, there are a number of rules that, if broken, can result in tokens being "slashed" (lost).
  • Governance. As a decentralised network, Rocket Pool’s governance is determined by the community, as opposed to a singular entity. However, as of July 2021, the DAO (decentralised autonomous organisation) is not yet functional and control of the platform’s development is currently in the hands of its creator.

Disclaimer: Cryptocurrencies, including Rocket Pool, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RPL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Rocket Pool or any other cryptocurrency discussed.

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