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Buy Ripple (XRP) in Canada with CAD with Lowest Fees
As one of the world’s largest cryptocurrencies by market cap and trade volume, Ripple is very frequent to be in an exchange pair in Canada. If you are searching for the best exchange platform to purchase Ripple and other cryptocurrencies, Changelly is glad to provide you with such a service. We work in every Canadian province so that you can purchase XRP with various payment methods and fiat currencies, including Canadian dollars (CAD) and US dollars (USD).
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1 XRP ~ ... USD
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XRP Price Chart
XRP Market Data
updated at 06:00Other fiat currencies you can buy XRP with
How to buy XRP in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Payment methods to buy XRP
Bank transfer
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy XRP with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy XRP and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy XRP Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Countries and regions you can buy XRP
Why buy XRP on Changelly?
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FAQ
Is Ripple Legal?
Canadian regulators allow the use of digital currencies, including buy XRP transactions, but they are not legal tender in the country. If you want to buy XRP, you need to know that it means that digital assets are commodities and can be used as payment instruments for goods and services. However, the payers should make tax deductions. All the operations on cryptocurrency exchange and other platforms – mining, trading, holding, buying, and selling – are not prohibited.
Can Foreigners Buy XRP in Canada?
Yes, XRP Ripple is available to institutional and retail investors regardless of their residency status. If you already have an account on the Changelly cryptocurrency exchange platform, you will get instant verification and enjoy the same low trading fees when you buy XRP.
If you purchase XRP Ripple on cryptocurrency exchanges, you can then transfer it to any software wallet or even cold hardware wallet. Both have no restrictions in Canada.
How Is the Price of Ripple Determined?
The market price of XRP Ripple is determined by three main factors:
- Demand and supply: If more financial institutions adopt XRP, there will be higher demand among users who want to buy XRP.
- Competition: If there are more projects similar to XRP Ripple, it will be harder to find wonder recognition and those willing to buy XRP.
- Regulation: Laws can have both positive and negative impacts on cryptocurrency prices.
Can I buy XRP in Canada with debit or credit card?
Yes, XRP can be bought with a debit or credit card in Canada. There are a few exchanges that offer this service. You will need to create an account on one of these exchanges and then deposit funds into your account using your card.
Can I buy XRP in Canada with cash in Canada?
Yes, you can do this fast and simply. You will need to find a place that allows you to buy XRP with cash, and then you can use an exchange to easily convert your XRP into Canadian dollars.
Can I Buy Less Than 1 Ripple?
When you buy XRP, mind its exchange rate to BTC and Canadian dollars. It’s unlikely that crypto exchanges will support low buy XRP transactions. However, no reason to worry - since the low price makes XRP Ripple so accessible, anyone will be able to afford more than one XRP coin as well as associated trading fees.
What Are the Taxes for Buying Ripple?
Canadian taxpayers are subject to pay capital gains or business income tax if they hold XRP Ripple for a profit. Overall, any XRP blockchain activities and transactions associated with making profits off of crypto, including mining, must be declared and taxed. If you plan to sell cryptocurrency at a higher price than you bought it for on a cryptocurrency exchange platform, that is something to pay attention to.
Where Can I Store Ripple?
For most people, when they buy XRP Ripple, its storage comes down to software wallets vs. hardware wallets. The first option is by far the most popular way to keep your cryptocurrency when you buy XRP. All top-rated services are accessible, intuitive, and affordable, some of which are featured on our partner’s list.
But if you want to equip your private wallet with maximum security, you need to disconnect it from the Internet and never store the coins on a third-party crypto exchange.
Which Ripple Wallet Can I Use?
A few software wallet options that we can recommend are Coin Space, Ginco, Abra, ELLIPAL, Enjin Wallet, and Ontology. Of course, we work with other services as well, so feel free to check the full list if you want to buy XRP and store it in a reliable crypto wallet.
Investors who would rather keep their private keys and coins offline can use BC Vault, Trezor, or Ledger.
Which Canadian Stores Accept XRP?
There aren’t many companies that facilitate transactions in XRP Ripple, so the day when XRP payments are as easy as a writing bank draft is in the distant future. That said, there are several companies that are at the forefront of XRP Ripple adoption: American Express, Banco Santander, MoneyGram International, Deloitte, and SBI Holdings.
How to Cash Out XRP with fiat currencies?
If you want to move your digital coins to the real world, you need to trade crypto for fiat first on a reliable crypto exchange. After you sell XRP Ripple, you will receive the converted funds in your bank account. You have probably taken out cash through an ATM before, so you already know what to do next.
XRP ATMs are also a thing right now. The downside is that they aren’t as reliable as online crypto exchanges and cover a very limited number of locations.
Do I need a crypto exchange account to buy Ripple in Canada?
Yes, you will need an account on a crypto exchange platform to purchase Ripple in Canada. Create an account on the Changelly platform. Once you have created an account and deposited funds, you will be able to buy Ripple (XRP) with Canadian dollars from your bank account on our platform. Besides, on our crypto platform, you will be able to exchange Ripple for another cryptocurrency, including Bitcoin, Ethereum, or Bitcoin Cash, as well as sell it for fiat currencies on your Canadian dollar credit or debit card.
What Canadian crypto exchanges sell XRP?
There are various available buy XRP Canada platforms to choose from. All of them work with Ripple as this is one of the most popular cryptocurrencies on the market. Just make sure that the platform of your choice is reliable and that you can trust it with your funds.
Crypto investors use different crypto exchanges to buy XPR. We recommend you choose the Changelly crypto exchange. Using one of the Changelly-recommended crypto wallets when you buy XRP, you will enjoy low trading fees and instant financial transactions.
Can I exchange Ripple for another cryptocurrency?
Yes, this is possible. You can use a cryptocurrency exchange to trade Ripple for another cryptocurrency, such as Bitcoin or Ethereum. There are many different exchanges that offer this service, so be sure to do your research before choosing one.
Can I get XRP tokens in Canada for free?
Yes, there are a few ways to get XRP tokens in Canada for free. The easiest way is to sign up for an account with an exchange that offers XRP tokens, such as Kraken or Binance. You also get XRP tokens by participating in airdrops or bounty programs offered by Ripple and other companies.
Got any questions about the XRP purchase on Changelly?
We tried to gather all the necessary information about the XRP purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your XRP safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
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What Is Ripple?
Ripple is a cryptocurrency, which was created in order to make international payments easier and faster. It was developed by Jed McCaleb, who is also the creator of eDonkey2000. McCaleb is also a former employee of Ripple Labs. The main idea behind XRP Ripple is to replace the current banking system, as it is very slow and expensive. After you buy XRP, Ripple can be used to make international payments, as well as to send money between different countries, by using the Ripple payment protocol developed by Ripple Labs. Ripple is also being used by some banks, as it is faster and cheaper than the current banking system.
XRP Ripple is based on a decentralized network, which means that there is no central authority that controls the currency. Instead, it is managed by a network of computers that run the Ripple software. This makes it very different from other cryptocurrencies, such as Bitcoin blockchain, which is controlled by a central authority.
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What is XRP ledger?
The XRP Ledger is a decentralized cryptocurrency that supports real-time global payments. Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using the XRP Ledger, anyone can send or receive any amount of money from anyone else in the world, instantly, for free or with a low XRP transactions cost.
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