How to buy XRP
XRP
XRP is the token of Ripple, a technology that acts as both a cryptocurrency and a payment network. XRP offers financial institutions the fastest, most reliable option for sourcing liquidity on demand. Another important use case of XRP is that it can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. You can buy and sell XRP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XRP for BTC the same way you trade CAD for USD. You can also trade XRP to CAD based on the XRP price. To learn how to buy XRP, scroll down to see how to buy XRP.
Co-founded by Chris Larsen and Jed McCaleb, Ripple – the technology that XRP is a token of – was first released in 2012. As it’s most popular use case, XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger – an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.
You may want to consider buying XRP if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Pay people anywhere in the world without an intermediary having to process the transaction
Pay content creators for their service by making an XRP donation
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
XRP (XRP)
All prices are in USD.
How to buy XRP
XRP
XRP is the token of Ripple, a technology that acts as both a cryptocurrency and a payment network. XRP offers financial institutions the fastest, most reliable option for sourcing liquidity on demand. Another important use case of XRP is that it can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. You can buy and sell XRP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XRP for BTC the same way you trade CAD for USD. You can also trade XRP to CAD based on the XRP price. To learn how to buy XRP, scroll down to see how to buy XRP.
Here’s how to buy XRP on Coinsquare
Buying XRP is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for XRP, which trades as XRP. Based on when you think you can get a good XRP price, you should be able to trade XRP to CAD.
To buy XRP, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying XRP. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select XRP from the list on the trade section
Coinsquare lets you trade XRP without leaving the app. You can also check the XRP stock price and convert XRP to CAD on the platform.
Select a currency you’ve funded and use it to check the XRP price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy XRP
Congratulations! You’re now the proud owner of XRP. You can either HODL or use it to exchange XRP to CAD. To the moon!
Co-founded by Chris Larsen and Jed McCaleb, Ripple – the technology that XRP is a token of – was first released in 2012. As it’s most popular use case, XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger – an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.
You may want to consider buying XRP if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Pay people anywhere in the world without an intermediary having to process the transaction
Pay content creators for their service by making an XRP donation
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my XRP?
Ready to add XRP to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.
FINTRAC Registered
Property as prescribed in the Coverage Policy of the Canadian Investor Protection Fund (CIPF) that is held in customers’ accounts, including cash balances but not crypto assets, is protected by CIPF within specified limits. A brochure describing the nature and limits of coverage is available upon request or at https://www.cipf.ca.