Top Exchanges To Buy Ripple in Canada

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If you're looking to invest in Ripple (XRP) in Canada, you're not alone. XRP remains one of the most sought-after digital assets across the country, thanks to its widespread availability and strong reputation in the blockchain space. As a high-speed, low-cost solution for cross-border payments, Ripple has carved out a unique niche that continues to attract both retail and institutional investors.

But how do you actually buy XRP in Canada? With so many crypto exchanges offering access to the token, choosing the right platform can be overwhelming. This guide breaks down the best exchanges to buy Ripple in Canada, evaluates key factors like fees, security, and ease of use, and helps you make an informed decision in 2025.

What Is Ripple (XRP)?

Ripple is an open-source, decentralized payment protocol designed to enable fast, low-cost international money transfers. While often used interchangeably, “Ripple” refers to the company and network, while XRP is the native cryptocurrency that powers transactions on the RippleNet ecosystem.

Unlike Bitcoin or Ethereum, XRP wasn’t mined—its entire supply of 100 billion tokens was pre-minted at launch. It's primarily used by financial institutions to facilitate real-time settlement of cross-border payments, making it a cornerstone of enterprise blockchain adoption.

XRP has consistently ranked among the top cryptocurrencies by market capitalization and remains a popular choice for Canadian investors seeking exposure to blockchain innovation beyond just digital gold.

👉 Discover how easy it is to start trading XRP on a trusted global platform.

Key Factors When Buying XRP in Canada

Before diving into specific exchanges, consider these essential criteria to ensure a secure and cost-effective investment:

1. Market Position & Timing

Cryptocurrency markets are highly volatile. Whether XRP is near a peak or dip can significantly impact your returns. Always assess current price trends and historical performance before entering the market.

2. Trading Fees and Spreads

Fees vary widely between platforms—some charge flat rates, others use tiered models based on volume. Lower fees mean higher net returns, especially for frequent traders.

3. Security and Regulation

Choose exchanges regulated by Canadian authorities like FINTRAC and those offering robust security features such as two-factor authentication (2FA), cold storage, and insurance coverage.

4. Payment Methods

Look for platforms supporting CAD deposits via Interac e-Transfer, bank wire, or credit card. Instant funding options improve accessibility for new investors.

5. User Experience

A clean interface, responsive customer support, and mobile app functionality enhance usability—especially for beginners.

Best Platforms to Buy Ripple (XRP) in Canada

Here’s a curated list of top-rated exchanges where Canadians can securely purchase XRP.

Bitbuy

One of Canada’s most trusted crypto platforms, Bitbuy offers a seamless experience for buying XRP with CAD. It supports Interac transfers and bank deposits with instant verification for most users.

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👉 Start your XRP journey with a secure and intuitive trading interface.

CoinSmart

CoinSmart stands out for its user-friendly design and fast onboarding process. It’s ideal for both beginners and experienced traders, offering advanced tools alongside simple buying options.

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Crypto.com

Though headquartered internationally, Crypto.com serves Canadian users with strong compliance measures. It offers a wide range of cryptocurrencies, including XRP, with multiple deposit methods.

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VirgoCX

Operated by The Virgo Group, this Canadian exchange emphasizes security and advanced trading capabilities. It supports XRP trading against CAD, USD, and EUR.

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Coinberry

Based in Toronto, Coinberry focuses on simplicity and speed. Its peer-to-peer model allows direct matching between buyers and sellers.

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Netcoins

Netcoins provides a straightforward gateway to XRP with a focus on user experience and instant transactions.

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NDAX

With over 800,000 users and $20M+ in daily volume, NDAX is a leading choice for serious investors.

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Coinsquare

As the first Canadian exchange to receive an e-money license, Coinsquare is known for its regulatory compliance and strong security protocols.

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Is XRP a Safe Investment?

All cryptocurrencies carry inherent risk, and XRP is no exception. While it has shown significant growth—peaking at $3.40 in 2017—it currently trades around $0.84 (as of early 2025), reflecting market corrections common in volatile digital asset classes.

However, Ripple continues to expand its network of financial partners globally, suggesting long-term potential. Regulatory clarity has improved since earlier legal challenges, boosting investor confidence.

As always, only invest what you can afford to lose—and ensure you fully understand the technology and market dynamics behind XRP before committing funds.

Frequently Asked Questions (FAQs)

Q1. Should I buy XRP?

XRP enables fast, low-cost cross-border payments for financial institutions. While it hasn’t matched Bitcoin’s price surge recently, its utility in global finance makes it a compelling long-term holding—provided you conduct thorough research first.

Q2. Bitcoin or XRP: Which Should I Invest In?

They serve different purposes. Bitcoin is primarily a store of value ("digital gold"), while XRP facilitates real-time international settlements. Diversifying across both may reduce portfolio risk if aligned with your investment goals.

Q3. How many XRP tokens are in circulation?

There will only ever be 100 billion XRP tokens. As of 2025, approximately 53 billion are in circulation, with the remainder held in escrow by Ripple Labs for controlled release.

Q4. Can I buy XRP with CAD?

Yes—most major Canadian exchanges allow direct purchases using Canadian dollars via Interac, bank transfer, or credit card.

Q5. Is Ripple regulated in Canada?

While Ripple itself isn’t regulated, the exchanges that list XRP—like Bitbuy, Coinsquare, and NDAX—are registered with FINTRAC and adhere to anti-money laundering (AML) regulations.

Q6. What’s the best way to store XRP after purchase?

After buying XRP, consider transferring it to a secure wallet like Ledger or Trust Wallet for enhanced protection against exchange-related risks.

With growing adoption and improved regulatory clarity, now may be an opportune time to explore XRP as part of your digital asset strategy. By choosing a reputable exchange and staying informed, Canadian investors can confidently navigate the world of cryptocurrency.