Cryptocurrency adoption continues to grow across Canada, and among the most talked-about digital assets is XRP, the native token of the Ripple network. Designed for fast, low-cost international payments, XRP has carved out a unique position in the blockchain space — one backed by real-world financial use cases.
If you're in Canada and looking to buy XRP, you’re in luck. Despite regulatory uncertainty in other regions, several trusted platforms still offer seamless access to XRP trading. This guide walks you through the best exchanges, secure storage options, and key insights into whether XRP is a smart investment in 2025.
Where To Buy XRP in Canada
Buying XRP in Canada is straightforward through regulated and user-friendly cryptocurrency exchanges. You can purchase XRP using Canadian dollars (CAD) via bank transfer, Interac e-Transfer, or credit card. Alternatively, you can trade other cryptocurrencies like Bitcoin or USDT for XRP if you already hold digital assets.
The top platforms to buy XRP in Canada combine security, low fees, and strong customer support. Based on accessibility, trading volume, and regulatory compliance, here are the three best exchanges:
- Netcoins
- Binance
- Crypto.com
Let’s explore each in detail.
1. Netcoins – Trusted Canadian Exchange
Netcoins is a homegrown cryptocurrency broker headquartered in Vancouver. As a registered Money Service Business (MSB) with FINTRAC, it offers a secure and compliant way for Canadians to invest in digital assets.
Founded in 2014 and backed by publicly traded BIGG Digital Assets, Netcoins provides an intuitive platform suitable for both beginners and experienced traders.
Key Features:
- Supported Coins: XRP, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether (USDT), and more.
- Funding Methods: Interac e-Transfer, online bill payment, bank wire, and crypto deposits.
- Trading Fees: Flat 0.50% fee; no deposit or withdrawal charges.
- Account Verification: Typically completed within minutes.
Netcoins stands out for its local presence and commitment to regulatory standards — making it a reliable choice for risk-conscious investors.
👉 Start your XRP investment journey with a secure Canadian platform.
2. Binance – Global Leader in Crypto Trading
Binance is the world’s largest cryptocurrency exchange by trading volume, offering over 300 digital currencies, including multiple XRP trading pairs such as XRP/USDT and XRP/BTC.
While Binance has scaled back some operations in Canada due to evolving regulations, it remains accessible to many users and continues to support CAD funding methods.
Key Features:
- Coin Selection: Extensive range of altcoins and stablecoin pairs with XRP.
- Funding Options: Bank transfers, credit/debit cards, SWIFT, and crypto deposits.
- Trading Fees: Tiered structure with fees as low as 0.10%, plus a 20% lifetime discount for new users.
- Advanced Tools: Ideal for active traders with access to futures, staking, and margin trading.
Despite regulatory scrutiny, Binance maintains high liquidity and competitive pricing — crucial for efficient XRP trading.
3. Crypto.com – All-in-One Crypto Platform
Crypto.com has rapidly expanded its footprint in Canada, offering not just trading but also crypto credit cards, staking rewards, NFT marketplaces, and derivatives.
With support for over 150 cryptocurrencies, including Ripple (XRP), this platform blends convenience with functionality.
Key Features:
- Available Coins: XRP, Bitcoin, Cardano, Polkadot, Dogecoin, and more.
- Funding Methods: Bank transfer, credit/debit card (supports CAD), and crypto deposits.
- Trading Fees: Range from 0.04% to 0.40%, depending on activity and account tier.
- User Experience: Mobile-first design with a clean interface ideal for beginners.
Crypto.com also runs frequent promotions and offers cashback on purchases made with its Visa card — adding extra value beyond simple trading.
👉 Discover how easy it is to trade major cryptos like XRP with low fees and fast execution.
Other Canadian Platforms That Support XRP
While the above three lead the pack, several other exchanges are worth mentioning:
NDAX (National Digital Asset Exchange)
Based in Calgary, NDAX offers a professional-grade trading experience with tight spreads and robust security. It supports XRP trading against CAD with a flat 0.20% trading fee and minimal withdrawal costs.
Coinsquare
A Toronto-based exchange serving retail and institutional clients. While it previously paused XRP trading during regulatory reviews, it has since reinstated support. Fees are higher than average (up to 4%), but the platform remains popular for its local customer service.
⚠️ Note: CoinSmart (now rebranded as Bitbuy) no longer supports XRP trading. Always verify current coin availability before signing up.
How To Store Your XRP Safely
Once you’ve purchased XRP, security becomes paramount. Leaving large amounts on an exchange exposes you to hacking risks. Here are the best storage options:
Hardware Wallets (Cold Storage)
Devices like Ledger Nano X or Trezor store your private keys offline — the gold standard for long-term holding. These “cold wallets” protect against online threats and give you full control over your assets.
Software Wallets
For everyday use, consider trusted software wallets such as Atomic Wallet or Exodus. They support XRP and offer easy access while maintaining decent security protocols.
Exchange Wallets
Keeping small amounts on exchanges like Binance or Netcoins is acceptable for active traders. However, never rely on them for long-term storage.
👉 Secure your digital assets with tools that put you in full control of your private keys.
What Is XRP and Ripple? Understanding the Difference
Though often used interchangeably, XRP and Ripple are not the same:
- Ripple refers to Ripple Labs Inc., the company behind RippleNet — a global payments network used by banks and financial institutions.
- XRP is the digital asset that powers transactions on the XRP Ledger, an open-source blockchain designed for speed and scalability.
Why XRP Stands Out
- Transaction Speed: Settlements occur in 3–5 seconds, far faster than Bitcoin (1 hour) or Ethereum (~2 minutes).
- Throughput: Handles up to 1,500 transactions per second (TPS) — compared to Bitcoin’s 3–6 TPS and Ethereum’s ~15 TPS.
- Low Cost: Average transaction fee is less than $0.01.
- Real-World Use: Over 300 financial institutions use RippleNet for cross-border payments — including Santander, MoneyGram, and American Express.
This utility gives XRP a fundamental advantage over speculative meme coins with no underlying infrastructure.
Is XRP a Good Investment in 2025?
XRP presents a compelling case as a long-term investment due to its proven enterprise adoption and technological efficiency. Unlike many cryptocurrencies still seeking practical applications, XRP already plays a role in modernizing global finance.
However, potential investors must consider ongoing legal developments — particularly the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs. While not directly affecting Canadian markets, global sentiment can influence price volatility.
As of early 2025, XRP trades around $0.50 USD. With an all-time high near $3.84 (2018) and a low of $0.0028 (2014), its historical performance shows significant growth potential — albeit with inherent risk.
✅ Bottom Line: XRP is a high-potential asset with real utility — ideal for investors seeking exposure to blockchain-based financial innovation.
Frequently Asked Questions (FAQs)
Can I buy XRP on Wealthsimple Crypto?
No. Wealthsimple Crypto does not currently list XRP. Consider Netcoins or NDAX instead.
Is XRP available on Questrade?
Questrade does not offer direct crypto trading. However, it provides Bitcoin and Ethereum ETFs — not XRP-related products.
Are there XRP ETFs in Canada?
No XRP-specific exchange-traded funds (ETFs) are available in Canada at this time. Only Bitcoin and Ethereum ETFs are approved for retail investors.
Can I trade XRP using CAD?
Yes. Platforms like Netcoins, NDAX, and Crypto.com allow direct purchases of XRP using Canadian dollars via Interac e-Transfer or bank transfer.
Is XRP safe to invest in?
All cryptocurrencies carry risk. However, XRP benefits from strong institutional adoption and transparent technology. Always use secure wallets and avoid investing more than you can afford to lose.
What’s the future of XRP after the SEC lawsuit?
The outcome could impact global perception. A favorable ruling may boost confidence and adoption — while an adverse decision could lead to short-term price dips.
Final Thoughts
Buying XRP in Canada is both accessible and secure through reputable platforms like Netcoins, Binance, and Crypto.com. With its lightning-fast settlement times, low fees, and growing adoption by financial institutions, XRP remains one of the most practical cryptocurrencies available today.
Whether you're diversifying your portfolio or exploring blockchain’s impact on global finance, XRP offers a unique blend of innovation and utility worth considering.
By storing your holdings securely and staying informed about regulatory changes, you position yourself to make smart, forward-looking decisions in the evolving digital economy.
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