Last updated March 31, 2025
Ready to invest in XRP (XRP) in Canada? This comprehensive guide covers the top 13 platforms for Canadians to purchase XRP securely and efficiently. Whether you're a beginner or an experienced trader, these insights will help you make informed decisions.
Why Buy XRP (XRP)?
XRP (XRP) powers Ripple’s lightning-fast, low-cost cross-border payment system, favored by banks and financial institutions. Key reasons to consider XRP:
- Speed: Transactions settle in seconds.
- Low Fees: Ideal for frequent transfers.
- Staking Potential: Earn passive income (where supported).
As of July 2025, 1 XRP = $2.54 CAD. Remember: Cryptocurrency investments carry risks—always research thoroughly.
Where to Buy XRP (XRP) in Canada in 2025
1. Bitbuy (Safest Canadian Exchange)
👉 Bitbuy excels in security with FINTRAC/CIRO registration, 90% cold storage, and insured assets.
- Fees: 0.50% trading fee (0.10% for Pro Trade).
- Supported Assets: 50+ cryptocurrencies.
- Deposit Methods: Interac e-Transfer, wire transfer.
Best for traders prioritizing security over cost.
2. NDAX (Low-Fee Balanced Exchange)
Regulated by FINTRAC/AMF, NDAX offers competitive 0.2% trading fees and 95% cold storage.
- Supported Assets: 35+ cryptocurrencies.
- Deposit Methods: Interac e-Transfer, EFT.
Ideal for cost-conscious traders.
3. Coinbase (Beginner-Friendly)
A global leader with a user-friendly interface and 200+ cryptocurrencies.
- Fees: 0.50% spread + payment method fees.
- Security: 98% cold storage, CSA-registered.
Perfect for newcomers.
4. Bitget (Global Exchange)
Offers 800+ coins and 0.1% spot trading fees.
- Note: Restricted in Alberta/Ontario.
Great for diversified portfolios.
5. Bitunix (Privacy-Focused)
No KYC required for basic trading—supports 200+ pairs.
- Fees: 0.10% spot trading.
Best for anonymity seekers.
6. MEXC (Cheapest Fees)
0% maker fees and 2,900+ coins.
- VPN needed in Canada.
Top pick for low-cost, high-volume trading.
7. Uphold (Crypto + Metals Trading)
Unique platform combining crypto and commodity trading.
- Fees: 0.5–1.5% spread.
Versatile for multi-asset investors.
8. Newton (Regulated & Low-Fee)
Canadian-owned with 70+ coins and no trading fees (spread-based).
- Deposits: Free Interac e-Transfer.
Trusted for simplicity.
9. Kraken (Global Low-Fee Exchange)
0.16% maker fees and 200+ assets.
- Security: FINTRAC-registered, 95% cold storage.
Reliable for active traders.
10. KuCoin (High-Volume Global Exchange)
700+ coins and 0.1% spot fees.
- Restricted in Alberta/Ontario.
Advanced tools for pros.
11. Wealthsimple Crypto (Stocks + Crypto)
Canada’s only platform combining stocks and crypto.
- Fees: 1.5–2% spread.
Convenient for hybrid investors.
12. Coinsquare (Post-Merger Upgrade)
CIRO-regulated with improved security.
- Fees: 0.5% QuickTrade fee.
Solid for regulatory compliance.
13. Netcoins (User-Friendly)
FINTRAC-registered with 45+ coins.
- Fees: 0.5% trading fee.
Straightforward for beginners.
Keeping Your XRP Safe
- Short-Term: Store on exchanges like Newton/Kraken.
- Long-Term: Use hardware wallets (e.g., Ledger) or software wallets (e.g., Trust Wallet).
- Seed Phrase: Never store digitally!
👉 Best Crypto Wallets for Canadians.
Selling XRP in Canada
- Transfer XRP to your exchange.
- Sell for CAD (or swap to BTC/ETH first).
- Withdraw via Interac e-Transfer or wire.
Pro Tip: Compare fees across platforms for optimal cashouts.
FAQs
Can I buy XRP in Canada?
Yes! All 13 listed platforms support XRP purchases.
Which exchange is best?
- CAD: Newton/Coinsquare.
- Low Fees: Bitget/MEXC.
Is XRP a good investment?
Potential for growth, but crypto is volatile—invest responsibly.
Final Thoughts
Buying XRP in Canada is easier than ever with these trusted platforms. Stay informed, prioritize security, and trade wisely!
Happy investing!
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