If you're a Canadian investor looking to buy XRP in 2025, you're in the right place. With years of hands-on experience navigating crypto exchanges across the country, I’ve tested and evaluated over 50 platforms to bring you the most reliable, secure, and cost-effective ways to purchase XRP. Whether you're new to digital assets or a seasoned trader, this guide breaks down every option—complete with fees, security features, deposit methods, and step-by-step instructions.
XRP isn't just another cryptocurrency; it’s the digital asset powering Ripple’s global payments network, known for fast transaction speeds and low fees. As of mid-2025, XRP remains one of the top choices for Canadians interested in blockchain-based financial innovation. However, investing in crypto carries risk—always conduct due diligence before committing funds.
Let’s dive into the best ways to buy XRP in Canada.
Why Buy XRP?
XRP stands out in the crypto market for its real-world utility in cross-border payments. Unlike many speculative coins, XRP is actively used by financial institutions and payment providers to settle international transactions quickly and affordably. For Canadian investors, this means potential long-term value backed by practical adoption.
Additionally, some platforms now offer XRP staking, allowing holders to earn passive income—though availability varies by exchange. With growing regulatory clarity in Canada, more exchanges are confidently listing XRP, making it easier than ever to access.
👉 Discover secure platforms where you can trade XRP with confidence.
Top Platforms to Buy XRP in Canada
1. Bitbuy – The Safest Regulated Exchange
Bitbuy consistently ranks as one of Canada’s most secure crypto exchanges. It’s registered with FINTRAC, CIRO, and the Ontario Securities Commission (OSC), ensuring full compliance with Canadian financial regulations.
- Security: 90% cold storage, two-factor authentication (2FA), regular audits, and insurance coverage up to $1 million CAD per account.
- Fees: 0.50% flat fee on XRP trades; reduced to 0.10% maker / 0.20% taker on Pro Trading.
- Deposit Methods: Interac e-Transfer, wire transfer, and crypto deposits.
- Supported Cryptos: 50+
To buy XRP:
- Sign up and complete KYC (government ID + proof of address).
- Deposit CAD via Interac e-Transfer.
- Go to the trading dashboard and place your XRP order.
While fees are on the higher side, Bitbuy’s regulatory standing makes it ideal for long-term investors prioritizing safety.
2. NDAX – Low Fees, Strong Security
NDAX offers a balanced mix of affordability and compliance. It’s registered with FINTRAC and AMF, uses 95% cold storage, multi-signature wallets, and holds SOC2 Type II certification.
- Fees: Flat 0.2% trading fee for XRP.
- Withdrawal Fees: $1.50 for e-Transfers, $4.99 for EFTs.
- Deposit Options: Interac e-Transfer, wire transfer, crypto.
- Cryptocurrencies Available: 35+
NDAX is perfect for traders who want competitive pricing without sacrificing security or regulatory legitimacy.
3. Coinbase – Beginner-Friendly & Reputable
Coinbase Canada is a top choice for newcomers. As a Restricted Dealer under the Canadian Securities Administrators (CSA), it meets strict regulatory standards.
- Security: 98% cold storage, 2FA, and USD balance insurance up to $250,000.
- Fees: ~0.50% spread on XRP; 3.99% for card purchases.
- Deposit Methods: Interac e-Transfer, wire transfer, crypto.
- Supported Coins: Over 200
The intuitive interface and educational rewards make Coinbase excellent for learning while you invest.
👉 Start trading XRP on a trusted global platform today.
4. Bitget – Global Access with Low Fees
Bitget is a major global exchange offering advanced trading tools and over 800 cryptocurrencies—including XRP.
- Availability: Not available in Ontario or Alberta.
- Security: Licensed in Canada (outside restricted provinces), $300M cold storage, monthly Proof of Reserves.
- Fees: 0.1% spot fee (reducible with BGB token); futures at 0.02%/0.06%.
- Deposit Process: Use an intermediary exchange like Coinbase to send USDC/USDT to Bitget.
Ideal for active traders seeking diverse markets and lower costs.
5. Bitunix – Privacy-Oriented Trading
For Canadians valuing anonymity, Bitunix allows trading up to 500,000 USDT/day without KYC.
- Licenses: Holds MSB licenses in Canada and the U.S.
- Fees: 0.10% taker fee for XRP spot trades.
- No Fiat Deposits: Requires crypto transfer (e.g., USDT from another exchange).
- Security Features: Cold storage, 2FA, reserve fund exceeding user holdings.
Great for privacy-focused users who already hold stablecoins.
6. MEXC – Lowest Fees & Largest Selection
MEXC offers ultra-low fees and access to over 2,900 cryptocurrencies.
- Fees: 0% maker / 0.1% taker on spot XRP trades.
- No KYC Required for basic use (though needed for higher limits).
- Access in Canada: Possible via VPN (at user risk).
While not officially available in Canada, many use MEXC for its vast coin selection and minimal costs.
7. Uphold – Trade Crypto & Precious Metals
Uphold stands out by letting users trade both digital assets and physical commodities like gold.
- Regulation: MSB-registered in Canada.
- Fees: Spread-based (0.5%–1.5%) on XRP trades.
- Deposit Methods: Bank transfer, card, crypto.
- Supported Assets: 120+ cryptos.
Perfect for diversified portfolios combining crypto and tangible assets.
8. Newton – Zero Trading Fees
Newton doesn’t charge explicit trading fees—instead, it profits from spreads (typically 0.5%–1%).
- Regulation: CSA Restricted Dealer and FINTRAC-compliant.
- Free Deposits & Withdrawals (network fees apply for crypto).
- Cold Storage: 95% of assets stored offline.
- Supported Coins: 70+
One of the most transparent platforms in Canada.
9. Kraken – Low-Cost Global Leader
Kraken serves Canadian users with strong security and low fees.
- Fees: 0.16% maker / 0.26% taker on Pro platform (volume discounts available).
- Deposit Fee: 0.5% for Interac e-Transfer.
- Security: FINTRAC registration, 95% cold storage, independent audits.
A solid choice for experienced traders wanting advanced order types.
10. KuCoin – High Volume & Advanced Tools
KuCoin is popular globally but not officially compliant in Canada (banned in Ontario).
- Fees: 0.1% spot trading fee; reducible with KCS tokens.
- No Direct Fiat Support in Canada; use existing accounts or VPNs cautiously.
- Cryptocurrency Selection: Over 700 coins.
Best suited for tech-savvy users comfortable with non-domestic platforms.
11. Wealthsimple Crypto – All-in-One Investing
Wealthsimple uniquely combines stock and crypto trading under one roof.
- Regulation: Operates under CSA Regulatory Sandbox.
- Fees: High spreads (1.5%–2%) on XRP trades.
- Security: Cold storage via Gemini; insured by CoinCover.
- Bonus Feature: Stock-to-crypto conversions.
Convenient for investors already using Wealthsimple Trade.
12. Coinsquare – Trusted Canadian Custodian
Coinsquare merged with WonderFi and became a fully regulated CIRO member—a significant trust signal.
- Fees: 0.5% spread on QuickTrade; Pro Trade at 0.2%/0.4%.
- Insurance: Up to $1 million CAD per account via CIPF.
- Cold Storage: 97.5% of assets stored offline.
Excellent blend of security and usability for long-term holders.
13. Netcoins – Higher Fees, Regulated Platform
Netcoins is fully legal and MSB-registered but charges relatively high fees.
- Trading Fee: 0.5% for express trades.
- Withdrawal Fee: 1.5% for Interac e-Transfer.
- Supported Coins: 45+
A viable option if other platforms aren’t accessible—but better alternatives exist.
How to Keep Your XRP Safe
For short-term trading, keeping XRP on regulated exchanges like Newton or Kraken is acceptable due to their strong security measures. However, for long-term storage:
✅ Use a self-custody wallet
✅ Hardware wallets (e.g., Ledger) offer maximum protection
✅ Software wallets like Trust Wallet also support XRP
✅ Never store your recovery phrase digitally
Transferring your XRP off-exchange reduces counterparty risk and gives you full control over your assets.
How to Sell XRP in Canada
Selling XRP is straightforward:
- Transfer XRP to your exchange wallet (or swap to BTC/ETH first if required).
- Use the “Sell” function on platforms like Newton or Coinsquare to convert to CAD.
- Withdraw funds via Interac e-Transfer or bank wire.
On non-fiat exchanges like Bitget or KuCoin, move funds back to a Canadian-friendly platform before cashing out.
Frequently Asked Questions (FAQs)
Can I legally buy XRP in Canada?
Yes—XRP is widely available on major Canadian exchanges including Newton, Bitbuy, Coinbase, and Coinsquare.
What is the cheapest way to buy XRP?
MEXC offers the lowest fees (as low as 0%), followed by NDAX (0.2%) and Kraken (0.16%/0.26%).
Do I need to pay taxes on XRP gains?
Yes—Crypto profits are taxable in Canada as capital gains or business income depending on frequency of trades.
Can I stake XRP in Canada?
Some platforms offer staking rewards for holding XRP—check current availability on exchanges like Bitbuy or NDAX.
Is KYC required to buy XRP?
Most regulated Canadian exchanges require identity verification (KYC). For anonymous options, consider Bitunix or MEXC (with caution).
Which exchange has the fastest CAD deposit?
Interac e-Transfer on Bitbuy, Newton, or NDAX typically processes within minutes.
Whether you're buying your first XRP or scaling your portfolio in 2025, choosing the right platform matters. Prioritize security, fees, ease of use, and regulatory compliance when making your decision.
👉 Explore a leading global exchange to expand your trading options beyond Canada.
Always remember: only invest what you can afford to lose. The crypto market moves fast—but informed decisions move smarter.